Wage Hikes Beat High Living Cost
Government figures show factory workers’ take home pay rising faster than the cost of living. The consumer price index reached 410.4 in October, up 2.9 percent from a year earlier, while weekly pay for a three dependent worker rose to 116.1 percent of the 1957-59 average. Government analysts say real earnings increased by about five dollars weekly, though many households feel the pinch amid higher bills.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
NEW York
Labor Department
Court Acts on Multi Million Dollar Estate
The Texas Supreme Court refused to hear additional Treenan appeals in the multi million dollar estate of Mrs Sarita Kenedy East. The ruling upholds the Waco Court for Civil Appeals, which affirmed a district court order dissolving a temporary injunction that blocked suits and motions affecting the estate in other Texas counties. Mrs East died in New York in 1961 and was a Kenedy heir linked to the King Ranch. Estimates of the estate value have reached 200 million dollars due to a ranch with oil wells. The actual will contest has never been tried.
MENTIONED IN THIS ARTICLE
East
New York
Mifflin Kenedy
Capt
Richard King
King Ranch
Texas
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