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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Nov 22, 1957
Page
5
Secretary of Labor Mitchell said the price index reached 121 percent of the 147-49 base in September marking the twenty third consecutive month of gains. He projected little change for October and warned the inflationary spiral may be near a peak with factors stabilizing.
A secretary avoided a firm unemployment forecast while noting a possible rise in joblessness next year. He cited factors from consumer relief to capital spending and Washington policy, with comments on an execution and a high court ruling affecting costs amid rising living expenses.
Florence Tuttle Seeley of Bridgeport dies at 89 leaving more than 120000 to religious, charitable and educational groups. Her husband Clinton Seeley will receive life use of Ingleside residence, with trusts of 50000 for Seeley daughters and another beneficiary. City Trust Co. named executor. Paul Miller attorney.
Wall Street notes Moore McCormack Lines earnings near 1956 level but lower per share due to 300000 new shares issued for Robin line acquisition. Continent al Can and Anchor Hocking Glass look to dividend boosts. AMF may post $3.60 earnings, Guaranty Trust dividend talks, and British coal shipments to Argentina hit decade low.
American Chain & Cable Co. declares a quarterly cash dividend of 62 1 2 cents payable Dec 13 with a 4 percent stock dividend on common payable Dec 20. Records on Dec 2. Annual total cash and stock equals 2.50 cash plus 4 percent stock, matching 1956.
Actress Faye Emerson and clothier Jack Walker left for Mexico to pursue divorces and said reports of their marriage plans were denied. They expect six days in Mexico for fishing bullfights and court appearances needed for the divorces.
In Naples a boiler blast sank the 2,275 ton Anna Maria revolti wrecking the harbor waterfront. At least two men died and over 100 were injured as divers halted searches for five to eight missing and trapped crewmen in debris.
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