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Newspaper
Winters Enterprise
Location
Winters, Texas, United States of America
Date
Jul 03, 1959
Page
2
Congressman Fisher warns the House approved a $5.1 billion housing bill that would cost taxpayers $3.7 billion in federal subsidies over 40 years for 190000 new public housing units. The measure removes the income ceiling for eligibility and aims to expand subsidized rentals amid veto prospects.
A critic warns a new philosophy could let individuals earn large sums while moving government further into housing. The piece cites a Congressional report condemning proposed Wagner-Peyser Act regulations that would regulate agricultural employment and place farmers under tighter control.
Roger Babson discusses the value of stock averages for investors, explaining Dow Jones groups and other measures like the New York Times and Standard & Poor's averages. He notes volume as a key signal and warns gilt-edged stocks may be overvalued due to pension and mutual funds.
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