1965 food bill outlook follows weather and labor woes
Americans spent about $100 billion on food and alcoholic beverages in 1965, up 6 percent from 1964, with average weekly food costs around 25.25 dollars for a typical 3.7 person family. Meat and potato prices rose sharply while crops suffered from hurricanes, freezes, and rains, and growers argued over migrant labor permits as Florida berry growers cut output. The National Commission on Food Marketing held nationwide hearings on livestock pricing and retail relations, with a final report due June 30 and possible federal rule changes on anti trust practices and beef grading.
MENTIONED IN THIS ARTICLE
New York
Amercans
California
Willard Wirtz
United States
Wirtz
Florida
Doyle Conner
Florida Agricultural Commissioner
National Commission On Food Marketing
Commission
Rise In Income Tops 1965 Business Front
New York AP reports 1965 saw personal income rise to 535.9 billion annually with record consumer spending and savings. Auto industry hit a fourth straight record year as 8.85 million passenger cars rolled out, while steel faced union deadlines and price shifts across aluminum copper, fashion goods, and appliances amid tax breaks and war impact. Dow hit highs then retreated, Viet Nam war spurred orders, and the Fed lifted the discount rate to 4.25 percent.
Ohio Ford Plants Record Payroll Peak in 1965
Ford Motor Company's expanding Ohio facilities posted a record 1965 payroll of 296.6 million dollars with an average 32,100 employees, up 1,900 from 1964. Nonproductive purchases reached 90.1 million, while company wide Ohio purchases total about 600 million. Employee suggestion awards yielded 4,062 ideas worth over 416,600 dollars, and Ford contributed 1,214,000 to local education and welfare in 1965. Payrolls by city totaled Cleveland 129.9M, Cincinnati 57.65M, Lorain 43.2M, Lima 21.7M, Sandusky 19.5M, Canton 15.4M, Fostoria 9.25M.
MENTIONED IN THIS ARTICLE
Ford Motor Company
Ohio
Ford
Paris
Buckeye
Cleveland
Cincinnati
Lorain
Lima
Sandusky
Canton
Fostoria
Iron ore shipments rise in 1965 season totals
Cleveland AP reports the American Iron Ore Association lists this month’s shipments at 861,550 tons versus 1,094,913 tons in December 1964. Cumulative 1965 season shipments reach 62,564,516 tons, up from 62,027,448 tons at this point last season.
MENTIONED IN THIS ARTICLE
Cleveland
American Iron Ore Association
Association
The Business Scene Most Prosperous in 1965 Summary
The United States ended 1965 as the year’s most prosperous in business with record goods and services output of 672 billion dollars and a 4 percent jobless rate. Stock prices hit records multiple times amid volatile volumes while wages rose about 4.2 percent. Analysts foresee 1966 possibly higher GNP near 715 billion, though uncertainties linger over Vietnam and inflation.
MENTIONED IN THIS ARTICLE
New York
United States
Hammond Wins VP Position at Westinghouse
Hammond, marketing manager for Westinghouse Industrial Group, was elected vice president of the company. He earned the Order of Merit for marketing leadership, is a Clemson graduate, and served as Army Signal Corps captain in World War II. He held marketing posts in Los Angeles San Francisco and Pittsburgh before becoming industrial group marketing manager.
MENTIONED IN THIS ARTICLE
Pittsburgh
Charles E. Hammond
Industrial Products Group
Westinghouse Electric Corporation
D. C. Burnham
Hammond
Order of Merit
Fairfax
S.C
Clemson
Army Signal Corps
Westinghouse
Los Angeles
San Francisco
The
Industrial Group
Also Mentioned on This Page
Food Outlook
By Sally Ryan
AP Business News
United Steelworkers
Johnson
Congress
Maine
Tess
Viet Nam
Federal Reserve Board
Ohio Ford
Daniel Horn
National Clearing House For Smoking and Health
Washington
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