GM posts record sales and first billion dollar net income
General Motors reported sales of almost twelve and a half billion dollars for last year, a record. Net income exceeded one billion dollars for the first time in the corporation's history.
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Newspaper
Lancaster Farming
Location
Lancaster, Pennsylvania, United States of America
Date
Jun 08, 1956
Page
3
General Motors reported sales of almost twelve and a half billion dollars for last year, a record. Net income exceeded one billion dollars for the first time in the corporation's history.
Capitol Hall hosts the June Dairy Month kickoff as Governor George M Leader unveils a milk bar in the rotunda. He greets Miss Susan Gail Coskery and Miss Martha McDonald, both linked to dairy and state pageant titles, and notes plans during his Israel visit.
Secretary Benson announced national average rates for 1956 Soil Bank payments to corn cotton wheat and rice farmers who sign with local ASC committees. Peanuts and tobacco rates to follow. Acreage Reserve allows payments by reducing crop acreage below base. applies to 1956 production only. Farmers urged to consult county ASC before enrolling.
Landisville breeder Harry S. Mumma has his Guernsey herd classified by American Guernsey Cattle Club classifier L. C. Colebank. Of 27 cows, four were Good, 18 Desirable, and eight Acceptable. Melody Master offspring: two Very Good, five Desirable, five Acceptable. Lion Fair Resolute Kin offspring: three Desirable and one Acceptable.
Regulations for the Conservation Reserve are being completed but not released. Farmers may earn payments by joining the Soil Bank program with two types of pay ment: a major part cost payment for establishing conservation practices, and an annual payment once in the Conservation Reserve. National averages set base rates for crops: corn 96 cents per bushel, cotton 15 cents per pound, wheat 1.20 per bushel, rice 2.25 per cwt.
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