Economy shows record growth but warns of debt risk
New York report notes high consumer debt near 31.0 billion while Fed policy remains mild. Credit terms ease in autos and FHA VA mortgages rise as home buying strengthens. Housing starts at 1.3 million signal second best year though conventional money tightens. Steel output nears four week high as demand grows.
MENTIONED IN THIS ARTICLE
New York
Ocean
Federal Reserve Board
Fed
C Ixaminers
Ray N. Gidn
Gidney
Trend of Security Prices for Past Week Analyzed
Market outlook notes a tentative rally in aviation and other shares, with potential peaks late 1955. Analysts flag possible further declines in industrials and rails before new highs, while cigarette stocks show unexpected strength as defensive positioning increases. Dow earnings forecasts for 1955 range $22 to $35 per share, with a $33.50 median, suggesting upside for fall and a favorable late-year market.
MENTIONED IN THIS ARTICLE
Geneva
Paine
Webber
Glenn G. Munn
Congress Split Over Foreign Aid
Washington reports a Senate House conference on foreign aid looms after the Senate restored most House cuts in Eisenhower's bill. The final passage, 62 to 22, funds 38.2038 billion, granting Eisenhower all but 60.8 million of his request amid cross party support and last minute budget strains.
MENTIONED IN THIS ARTICLE
Washington
UPI
Senate House
Senate
House
Eisenhower
Inng
Pdemocrats
Sen
Hayden
D-Ariz
Teen-Agers Form Safe-Driving Club in El Dorado
In El Dorado Arkansas about 110 teenagers met at Union County Courthouse to form a safe driving club after the July 9 death of 16 year old Howard Porter in a highway crash. A steering committee was named to draft a tentative constitution.
MENTIONED IN THIS ARTICLE
EL Dorado
Ark
Arkansas
Howard Porter
Union County
Air buildup in Taipei shocks region
The Wationelist air force revealed today that an additional wing of U S F84 Thunderjet bombers has been added to its air strength, signaling a shift in regional military posture. The announcement raises concerns over potential impacts on cross strait security and regional alliances.
MENTIONED IN THIS ARTICLE
Taipei
Wationelist Air Force
U. S
Construction Permits Filed Involving Numerous Contractors
A flood of building permits appears in the monthly list, naming Orion Pacific Rail Co., King Construction, Gut WwW, and many others. Projects include additions, apartments, garages, and multiple residences with values ranging from thousands to over twenty thousand dollars, reflecting active development across several blocks and sites.
MENTIONED IN THIS ARTICLE
B. Allenbael Sinan
Atih
Ben Allen
Jon WL. Wood
Uta Rail Fornia
King
W. Aig
Enon
Maceo Corp
Cnmracta
St. Newman
Hurt Gardner
Carape
John Bond Cy
Jack Plisa
John’ Dodden
Mittahell
Westelor
Birutin Co
Nellie J
Joseph
Concert Program by Municipal Band Exhibition
The Municipal Band presents a July 7:30 program featuring a concert with a diverse lineup. Selections include parades and suite pieces, with euphoniums, trombones, and assorted wind parts led by a conductor. An encore segment includes marches and light selections. No Monday concert at Morrissey.
MENTIONED IN THIS ARTICLE
Labarr
Caners
Payne
MY Avening
Don
Jutu
Pavano
Palgay
Tonean Phe Esse
Marly
Auntie “Iia
Etanka
Saldman Cave
Elssobh Donizetti
Television Schedule Highlights July 23 1955 Evening Lineup
TV listings for KTAs KTLA KHJ KRCA KABC KNXT and others detail a full day of programming from 4 PM to midnight. Highlights include cinema features, variety shows, musical programs, and news blocks with stars such as Lola Mariner IV, Tex Ritter, Ava Gardner, James Mason, Johnny Grant, and Gene Norman.
MENTIONED IN THIS ARTICLE
Jirday
Yui
Temsarduand
USA
SWS
Kinsiy
Dixience’ S Best
Keac
Balet Cine Kger
Lunin Valley
Cabb
Rsk
Monitor Empc
Ile Kee Braves
Dedaabc
RHI
Edmundo Foss Oreh
Star
KFOX
Johnny Otte St
Rev
G. Lown
Rfistex
Rittersnow Kabc
Gene Bartlefield
Foy
KEWE
REWB
Sian Dauberty Mfox
Zivening Core
KGESR
Kger-Au
Michels
Bfis
Kabc—Hadte Cantor
RHI —Soundag Baar
Snowid
Rfwe—Jazz
West Coast
Garton Hayes Oreh ‘Rger
Koer—Ray
Joe Orman
KNA
Battadsid
Larry Ibatterian
Rex
Dleke Deroy
Stein Snow Ikger
Air Force advances supersonic jet interceptors and fighters
The Air Force outlined plans to develop a supersonic interceptor capable of countering Russia’s new heavy bomber, and to speed up the F-104 fighter program. It aims for a faster plane to fly twice the speed of sound, with McDonnell’s Voodoo as a potential interceptor version and a revised F104 model advancing production. No extra funds were requested for the new jet efforts.
MENTIONED IN THIS ARTICLE
Washington
Russia
Lock
Moscow
Air Force
House
Senate
McDonnell Aircraft
Strategic Air, Command
Japan Boat Rescues Indonesian Vessel
A Japanese fishing boat rescued an Indonesian craft and seven crewmen about 150 miles south of Mindanao Island on Friday according to the Coast Guard. The Hanoi Maru planned to tow the disabled vessel to Simarang Island in the Celebes Sea on Sunday.
Radio and shipowners strike joint salutes in union talks
The San Francisco group reports a five year pact among shipowners and three unions AFL Masters and Mates Pilots CIO Marine Engineers and CIO Seafarers. No wage hikes but annual review and pension fund boost to 85 cents per day. About 6000 unlicensed Seafarers seek a similar deal.
MENTIONED IN THIS ARTICLE
San Francisco
P—West Coast
Seers
Pacific Maritime Assn
AFL Masters, Mates and Pilots Organization
CIO American Radio Assn
CIO Marine Engineers Beneficial Assn
Pension Aid
AFL Seafarers Union
Classified Ads To Help Tomorrow’s Clicks
For Happier Tomorrows place Classified Ads today call 5 9071 for an ad writer.
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P.-T. D. L. Cameron Zeté E
13Th St
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