Business In Nebraska #244- January 1965

Stock and Bond Yields (Keith Broman) The recent change in the Federal Reserve discount rate has focused attention on interest rates both here and abroad. Equally important is the relationship between bond and stock yields. Business Summary (Kim McNealy) In October, the dollar volume of business for Nebraska rose 4.6% from the same month in 1963, but dropped 3.7% from September of 1964. The same index for the U.S. behaved similarly, the dollar volume of business rising 2.1% from October, 1963, and falling 1.9% from September, 1964. Business activity as measured by the Physical Volume Index increased 2.5% over last year in both Nebraska and the U.S. Compared to last month, the volume of Business transacted decreased a slight 1.5% in Nebraska and .9% in the U.S. In the individual series, construction activity registered the greatest decline from September, having dropped 9.1%. Employment changed only slightly in both Nebraska and the nation over the same period. Financing Higher Education (E. S. Wallace) The benefits of higher education are probably more highly esteemed and more universally sought after now than ever before. Hardly anyone would deny today that both society and the individual are richer, in material as well as in cultural terms, because of the contributions of our colleges and universities. A college degree has become not just a status symbol but an actual prerequisite for many kinds of employment. Indeed, recent studies have shown that a college education is the common characteristic of leaders in industry, government, and the professions. Education has made it possible for the sons of janitors, unskilled laborers, and tenant farmers to become college presidents, corporate executives, and surgeons. Creating New Jobs (E. S. Wallace) Conventional industrial development programs seek to create more jobs by establishing new manufacturing plants. Another way of making more jobs, however, is to build up the volume of existing plants. Wisconsin has recently completed a project aimed at increasing industrial employment in northern and rural areas of the state by bringing more business to plants already in operation. Reviews in Brie