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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Apr 20, 1959
Page
6
Ford Motor Co reports first quarter 1959 earnings a record profit of 134.86 million with per share 2.45 as Henry Ford I announces results. The firm cites higher production and sales in a year when U.S. auto demand struggles.
President Harry Truman will be principal speaker at the dedication of the Memorial Building in Washington. The event marks the completion of a 28 million dollar project funded by the National Guard Ford and the car industry’s Big Three.
Peiping Radio reports 3,000 scientists plan a vast project to water northwest Chinese farmland by melting glaciers. Black dust dispersed from planes will absorb sunlight to speed melt on Kilien Mountains in Gansu Province. In two months researchers expect enough water to irrigate over 50,000 acres.
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