Market Ups and Downs in 1957 Summary
Market trends in 1957 show a midyear peak followed by a decline as tight money policy and rising costs squeezed profits. Expansion from the prior boom slowed, with production down and profits pressured. Still, optimism for 1958’s rebound centers on autos, housing, defense, construction, and easier credit.
MENTIONED IN THIS ARTICLE
Federal Reserve
Orphanage System Reforms Move Toward Foster Care
Washington reports a shift from large institutions to small clinical facilities and foster homes for orphans and dependent children. Census data show declines in institutional care from 144000 in 1933 to 95000 in 1950 with continued decreases expected. Foster home numbers rise from 105000 in 1933 to 175000 in 1954, aided by prosperity and new public attitudes toward adoption and day care programs.
MENTIONED IN THIS ARTICLE
Jerry Bennett
Washington
NEA
Department of Health, Education and Welfare
Children’s Bureau
Bureau
Driver Skips Injury After Tanker Plunges Down Embankment
In Truckee California an empty tanker truck missed a sharp curve ripping out 108 feet of guard rail and plunging down an embankment. The driver escaped injury and drove the truck away according to a highway patrolman.
MENTIONED IN THIS ARTICLE
Truckee
Calif
California
No Fire Just Bad Turkey Shown in California Incident
Patrolman halted a red light truck in San Luis Obispo to check a sack of turkey sandwiches after a woman in Santa Barbara feared the meat had gone bad. A doctor confirmed the concern, and highway patrol flagged the truck before noon. Alegria, en route to Red Bluff with his family, learned of the suspicion.
MENTIONED IN THIS ARTICLE
San Luis Obispo
Calif
Algeria
Santa Barbara
Red Bluff
California Highway Patrol
Alegria
Prison Walls House Workers Who Specialize in Electronics
Federal Bureau of Prisons studies possible industries for McNeil Island Washington to produce electronic device parts. A prison industry would train inmates for post release jobs in the nuclear age and help supply skilled electronic equipment workers.
MENTIONED IN THIS ARTICLE
Federal Bureau of Prisons
McNeil Island
Wash
FBP
Uncle Sam
Arthur F. Lykke
Free World
Lykke
Federal Reformatory
Petersburg
Christ
Apostle Paul
R.S.V
Jesus
Mark
Frank W. Norwood
City Temple
London
Records Reveal Amusing Motives Behind Auto Crashes In Columbus
Columbus records show varied reasons for traffic crashes from faulty brakes to bad roads and sleepy drivers. Some entries are jokes about pork chops and mules, while others describe alcohol use and reckless driving. The notes highlight misreported details and eccentric accident claims.
MENTIONED IN THIS ARTICLE
Columbus
State Bureau of Motor Vehicles
Distinguished Churchman Urges Faith and Science United
A physicist and university faculty member argues for closer ties between religion and science to avert moral collapse. He cautions against materialism and military aims, urging faith to precede discovery and calling for theologians to interpret human value amid space and atomic-age advances.
MENTIONED IN THIS ARTICLE
Space
Earth
Europe
Columbus
Francis Drake
Macellan
Vespucius
U.S
Jesus
Christ
Also Mentioned on This Page
Standard & Poor's
Suez
Fed. Reserve
Bank of England
Russia
Sputnik
Fed
Eisenhower
Martin Gula
Joe Algeria
U.S. Medical Center
Springfield
Shirley
Shirley Temple
Adolph Menjov
Mannto
Outer Space
Edwin T. Dahlberg
St. Louis
American Baptist Convention
First Baptist
National Council of Churches
Dahlberg
Delmar
Ant
Whi