Washington Wire

July 1955
New Republic;7/25/55, Vol. 133 Issue 4, p2
The article presents news briefs about various issues of the U.S. The General Motors stock has suddenly jumped by 14 3/8 points. The reason being increase in wages of workers in the auto industry. As per the "New York Journal of Commerce", a hike of $100 in the smaller car segment is most likely by the next year. The trend of monopoly is increasing in the U.S. After steel industry, auto industry is heading towards this path. In another development, it is observed that U.S. President Dwight D. Eisenhower has been able to gain the confidence of his political allies as well as antis before he left for Geneva. Also, the efforts to get the bill passed to free natural gas from federal regulation are continuously gaining momentum. Man behind this being Senator Paul Douglas, Democrat from Illinois.


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