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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 08, 1955
Page
11
Buying demand shifted to aircrafts helped lift the New York stock market into the early afternoon with gains of 1 to 3 points and a few stocks advancing more. Trade remained brisk around 3.23 million shares, the best since late March, as steels and aluminum issues led the rally before profit taking narrowed gains.
The German government faces pressure from Socialists to negotiate with Russia while Chancellor Adenauer weighs options after a planned US visit to meet Eisenhower and Dulles. Vice Chancellor Bluecher calls for reducing world tension in full coalition agreement with free world powers. U.S. officials show lukewarm interest in Adenauer KremlIn talks.
President Eisenhower expresses confidence in Adenauer and backs the reserve program. He weighs limits for a Big Four summit and warns against long sessions. He cites employment gains and says 62.7 million hold jobs while unemployment falls. He praises Mrs. Oveta Hobby on polio vaccine governance and notes possible license withdrawals if standards fail. He discusses Yugoslavia aid amid Soviet Belgrade visits and Tito’s neutrality stance.
About 15 000 of GM's 20 000 workers in the Cleveland area were idled as the Parma Chevrolet plant closed and walkouts spread to the Fisher Body and station wagon plants on Coit Road and Euclid. Fisher workers began returning. Ford plants resumed slowly as the GM stoppages impacted nearby Chevrolet operations in Cincinnati.
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