Universal men’s fashion trend moves beyond borders
EW YORK UP I reports Wall Street style is converging worldwide as universal men’s fashion begins with sport shirts. Cape Town manufacturer Ru Sack says deviations will meet climates, and exchanges among 25 countries via the International Fashion Council will spread ideas and techniques. Phillips-Van Heusen hosts the 1960 meeting in New York, signaling a shift from formal European dress to comfortable leisurewear across nations.
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UPI
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A. Wall
International Fashion Council
New York
Amerca
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Africa
Australia
Phillips-Van Heusen Corp
U.S
Rmenawear
Stanley C. Gillette
Phillips van Heusen
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United States
Selective Summer Rally Seen by Wall Street Brokers
Wall Street chatter suggests a summer rally is likely but brokers expect a selective rise. Hayden, Stone and Co. notes potential highs in Bethlehem Steel, U S Steel, Lukens, Copperweld, Joy Manufacturing, Food Machinery, Milling, Southern Pacific, Northern Pacific, Illinois Central, Chrysler, American Motors, Monsanto. Walston & Co. forecasts Chrysler, Bethlehem, Westinghouse, National Distillers, American Dy namid, Kennecott, Anaconda, DuPont, Atlas-Chalmers, Johns-Manville, Caterpillar Tractor, and Baltimore & Ohio Bethlehem share in the advance.
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Westinghouse
National Distillers
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DuPont
Stocks Resume Late Tuesday Advance Across Narrow List
New York stocks edged higher in late Tuesday trading as gains resumed after profit taking. Pacific Telephone climbed on a seven-for-one split, Chrysler recovered, and electric and electronic firms showed mixed to higher moves. Dow leaders include International Business Machines and Litton, while American Cyanamid fell and Firestone slipped amid a generally slim advance.
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Maryland
Life Insurance Growth Reaches Record First Half 1959
New data from the Institute of Life Insurance show the value of beneficiaries on life policies rising to 3.785 billion in the first six months of 1959, up 135 million from a year earlier, while death benefits totaled 9.56 billion, up 80 million due to higher policy volumes. Total new capital allocated by life companies for the period was 82.800 million, lifting aggregate coverage toward 110.4 billion. ownership per US family neared the half trillion mark, with forecasts of 515 billion by year end.
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Statewide Weather Report From Pacific Fronts
United Press International notes high pressure centered southwest of San Francisco affecting California and Hawaii while a large low pressure center lies in the Pacific north of Hawaii. Fair warm conditions prevailed in California with a weak front entering western Oregon.
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Fox
Expected Price Rise in Second Half of 1959 by Purchasers
Purchasing Week reports agents foresee continued price increases in H2 1959. 32 percent expect slight rises one to two percent, 48 percent forecast two to four percent, nine percent anticipate higher jumps. Steel tops list of likely higher costs, followed by metals, aluminum, copper, rubber, chemicals, and paper.
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McGraw = Hill
Schassig
IMF Sees Dim View on More Brazil Credits
IMF officials indicate a cautious stance toward further credits to Brazil until the government implements real inflation controls. Markets show gains though, with prices rising amid concern over continued inflation.
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