Business Leaders Bullish On Six Month Economic Outlook
One hundred and two top executives surveyed expect higher prices in the third quarter and overall in the next six months. They anticipate steady employment, similar inventories, and profits at current levels, with 1955 ending at an all time economic peak. The optimism centers on inflationary wage contracts and the car industry.
MENTIONED IN THIS ARTICLE
N. x
America
United Automobile Workers
Leaders Predict Brisk Half Year From Corporate Chief Executives
A summary of 102 U S corporate chiefs forecasts for the third quarter and second half. The data shows sales up 42 percent, unchanged 30 percent, and lower 28 percent from the prior quarter. Inventories are higher 30 percent, unchanged 54 percent, and lower 16 percent. Employment up 24 percent and unchanged 63 percent. Profits up 18 percent.
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America
Polio Vaccination Drive Reaches 880000 Canadian Children
Health Minister Paul Martin said Canada has vaccinated 880000 children against polio with only two known cases among the group. The notice frames the program as highly successful and controlled.
MENTIONED IN THIS ARTICLE
Toronto
Canada
Paul Martin
Wheat Market Dips as Cash Grain Mixed Across Markets
Wheat futures show a price split at the Board of Trade with declines for July while distant deliveries resist. Cash grain quotes from Amarillo, Fort Worth, Chicago and Oklahoma City reflect varied levels for wheat, corn, oats, sorghum, soybeans, and hogs with multiple price ranges and delivery points across markets.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Eee
Tarillo
Amarillo Grain Exchange
Texas
Fort Worth
al Worth
Amarillo Livestock Auction Sells About 1200 Cattle and Calves
Approximately 1,200 cattle and calves were sold at the Amarillo Livestock Auction Company sale. Trade was generally slow with all classes about steady. Slaughter classes scarce. cows about 10 percent of receipts. Good slaughter yearlings at 17.50 to 20.50, low-choice up to 21.10. Medium stockers 14.50 to 18.00. utility cows 10.50 to 11.50. canners 7.00 to 10.00. Fort Worth and Kansas City markets reported steady to weak with various price ranges for stockers, feeders, and calves.
MENTIONED IN THIS ARTICLE
Oklahoma City
Kansas City Livestock
Kansas City
Amarillo Livestock Auction Company
Fort Worth
Chicago Livestock
Chicago
Cotton Futures Prices Firm on Limited Hedging
New York cotton futures rose as buyers covered shorts amid scarce offerings. Traders expect continued federal controls with distant 1958 crop deliveries driving gains. July notices absent for a second day, boosting firmness. Middling spot at 34.85 cents. Dallas spot around 33.40 to 33.85 cents. Chicago produce mixed with live poultry firm and eggs volatile.
MENTIONED IN THIS ARTICLE
New York
Cecseseees
Cescseess
Ccccccesees
New Orleans
Ighose
Se.cdesee
Steels and Rails Slide in Moderate Market Decline
NEW YORK June 2 The stock market fell on moderate volume as selling pressure at the close pushed many shares to new lows. Declines topped two points with steels rubbers televisions rails and oils among the losers.
MENTIONED IN THIS ARTICLE
New York
Stainless Pain claims painless piles relief at home
An advertisement touts a new home treatment for piles called Stainless Pain. It promises relief of internal and external symptoms without surgery, supported by dubious doctor tests and a money back guarantee.
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