Market Rally Driven by Growth and Inflation Bets
Stocks climb as earnings improve and cost cuts lift profits while investors weigh whether rising prices reflect robust business or inflation expectations. Analyses show 24 early reporters split on gains and declines with quarterly earnings ahead of last year, offset by higher costs and new plant capital.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
New York
Henry H. Heimann
National Assn. of Credit Management
Creeping inflation and a rising national debt loom large
Analysts link the wage-price spiral to creeping inflation and a looming federal deficit. They point to a debt outlook that could surpass wartime peaks, with the Tax Foundation calculating a $5240 mortgage per family and about $144 yearly debt service per family as the burden grows.
MENTIONED IN THIS ARTICLE
The
Tax Foundation
Docking Leads Reed In Fair Straw Vote
At the Kansas State Fair Hutchinson News straw poll Gov. George Docking led Clyde Reed Jr. on day one by 40 votes with 199 to 159 and 31 undecided. Of 389 ballots, the right to work amendment was 155 to 124 with 110 undecided. A flood drought control amendment led 283 to 63 with 98 undecided.
MENTIONED IN THIS ARTICLE
Hutchinson (Ap
Kansas State Fair
George Docking
Clyde Reed Jr
Hutchinson News
Kansas
Docking
Reed
Leading U.S. scientists predict fifth Ice Age threatens U.S.
Philadelphia report notes Maurice Ewing of Columbia and William Donn of Lamont forecast a new Ice Age starting within a century, with ice sheets up to two miles thick. They base their theory on Arctic Ocean conditions and interglacial cycles, published in Harper's Magazine.
MENTIONED IN THIS ARTICLE
Philadelphia
United States
Maurice Ewing
Columbia University
Lamont Geological Observatory
William Donn
Lamont
Brooklyn College
Harper's Magazine
Ewing and
Donn
Darwin
Einstein
Arctic ice melt cycle could flood major ports warns scientists
Scientists Ewing and Donn warn that warming Atlantic waters are melting the Arctic ice sheet, accelerating sea level rise. They project open Arctic water within a century, with repeated cycles of Arctic thaw and glacial rebound, threatening coastal cities and ports if storms coincide with high tides.
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Ewing and
Donn
Arctic Ocean
Ewing
Doni
North Pole
Norway
Greenland
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Bering Strait
Cape Cod
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U. S
Norway-Greenland
New York and
Bos
Refunds Big Business At State Fair
At Hutchinson the state fair refunded the entire $1.25 ticket price as rain washed out stock car races. About 14,900 fans crowded the grandstand and lined up at the administration building for refunds. The fair secretary Virgil Miller called it the biggest refund ever made. Grandstand refunds have occurred only twice before.
MENTIONED IN THIS ARTICLE
Hutchinson
Virgil Miller
Son-in-Law Killed In Family Argument
County Attorney Duane West said he would file a first degree murder charge against Henry Coats in a fatal shooting at a family home in Garden City Kansas. Jerry Wyant age 23, father of a five month old, was killed during a dispute with Coats who sought to see Wyant’s wife. Wyant planned to study law and worked as a railroad telegrapher. the case involves his parents in Pomona.
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Garden City
Kas
Duane West
Henry Coats
Coats
Jerry Wyant
Wyant
West
Pomona, Kan
Wyants
Man Shot by Coats Sparks Sanity Hearing Bid
West testified that Coats fired four shots from an old revolver. One bullet struck Wyant in the chest. West said he would seek a sanity hearing for Coats, a laborer.
MENTIONED IN THIS ARTICLE
Coats
West
Wyant
Robber Keeps Word Returns Stolen $20
A Des Moines grocer received two ten dollar bills in the mail from an anonymous sender. The note apologizes for a 1930s robbery at his grocery store and confirms the money was taken then. The envelope bears a Des Moines postmark.
MENTIONED IN THIS ARTICLE
DES Moines
Frank Comito
Jewish New Year 5719 Begins With Rosh Hashana
NEW YORK AP The Jewish New Year 5719 begins at sundown Sunday with Rosh Hashana services marking the start of a 10 day period of penitence that ends with Yom Kippur, the Day of Atonement.
MENTIONED IN THIS ARTICLE
New York
Primatene Promises Fast Relief For Asthma And Hay Fever
Primatene opens bronchial tubes loosens mucous and relieves nervous tension. It avoids injections and nebulizers. The product combines three prescription strength medicines for quick lasting relief. Get Primatene at drugstores for 98 cents with money back guarantee. 1957 Whitehall Pharmacal Company.
MENTIONED IN THIS ARTICLE
Whitehall Pharmacal Company
Pomona Reservoir Project Approved Along Marais Basin
Congress approved 800000 to start Pomona Reservoir on 110 Mil Creek seven miles northwest of here. Army engineers say construction begins in spring as part of nine proposed dams in the Marais des Cygnes Osage River basins spanning Kansas and Missouri.
MENTIONED IN THIS ARTICLE
Pomona
Mil Creek
Here
Congress
Marais Des Cygnes-Osage
Kansas
Missouri
Army
Executor Appointed in Neosho County Estate
Ralph E. McMillen was appointed executor of Stephen E. McMillen’s Will in Neosho County Kansas on August 29 1958. Creditors must file claims within nine months from first publication or be barred. John N. Sherman Jr and Robert N. Allen serve as attorneys for the executor.
MENTIONED IN THIS ARTICLE
Chanute Tribune
Probate
Neosho County
Kansas
Step
Hen FE. MC Millen
Stephen E. MC Millen
Ralph E. MC Millen
Ralph KE. McMillen
Stephen E. Medhllen
John N. Sherman, JR
Robert N. Allen
Bixecutor
Kansas constitutional amendment proposed for 1958 election
Notice announces submission to voters of a two thirds Senate and two thirds House supported amendment to Kansas Constitution. It describes striking and replacing sections of Article 2 and inserting a new Section 2 of Article 3 with details to be determined, and references the November 4 1958 General Election.
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Chanute Tribune
Kansas
Senate
State of
House of Representatives
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