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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Jul 08, 1958
Page
4
France’s Marseille traces its roots to Phocaean settlers in the sixth century B C and later connected to Asia Minor. Paris rises as the largest city and national hub while Jon Louis defends a heavyweight title at the seaport, accomplishing a historic streak of twenty five defenses.
Buyers favor short term credit for soft goods while big ticket auto debt remains slower. Bank and trade surveys show timely payments improving, delinquencies down in parts of the country, and a rise in repair and personal loans as installment credit overall edges higher.
A 21 year old West Haven man, Brian F. Smith, appeals a speeding conviction after being fined 12 dollars for allegedly driving north on Seabreeze avenue above 65 mph in a 25 zone. He contends speeds may have been over 20 and as high as 40, not 65. The incident occurred June 8 at 8 p.m. in town court with Judge William Bonvai. An appeal bond of 12 dollars was set. Other cases heard included reckless driving and DUI charges with varying fines and remittances.
Time Difference Merchants report seven month terms for soft goods while auto debt averages 31 months. Consumers, urged by credit programs, foresee seven months ahead but not 31, prompting hesitation on long term obligations. Only electric appliance terms show factory driven inventory relief.
The New England Council reports Interstate Container Corp of Glendale, NY leases 24 000 sq ft in Boat Mills, boosting jobs. United Aircraft introduces a helicopter engine speed control device. Overature Wires merges with Haveg Industries, expanding hi temp materials. Eastern Color and Chemical tests Eccogene germicide for textiles and PPE. American Super-Temp plans expansion to handle higher payroll and missile components work.
A Westfield Massachusetts plastics company markets a DIY backyard pool system called Play Pool. The unit is non-corrosive polyester reinforced fiber molded in any color and carries a five year guarantee from owner F E La joie. The piece claims easy installation and low maintenance with a long history of pool related products.
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