Wall Street Christmas Gift Pushes Stocks Higher
The Associated Press average of 60 stocks rose 1.60 to 154.50 for the week ending December 28 1957. Gains came Thursday on technical factors and Fed rate hopes, but selling resurfaced Friday after discouraging business news including Curtice’s 1958 auto sales forecast and a drop in steel utilization amid layoffs.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Associated Press
Federal Reserve Board
General Motors
Harlow H. Curtice
Curtice
New York Cotton Ends Week Lower
New York cotton futures closed with most contracts in the red as hedge selling against Commodity Credit Corp. cotton and overall liquidation weighed on prices. Distants months firmed early on assurances by Rep. Cooley that no new farm legislation was expected, but later slippage reduced confidence that the prediction would hold.
MENTIONED IN THIS ARTICLE
New York
New York Cotton Exchange
Commodity Credit Corp
Rep
Cooley
DNC
Congress
Polaris Fueled Subs Planned For Polaris Missile Fire
The Defense Department plans to start building three nuclear powered submarines designed to launch Polaris missiles. The move speeds up funds in a one billion dollar supplemental budget for the current year, with McElroy seeking about one billion dollars for 1958 to advance missile and related programs. A ship design task force is finalizing the Polaris firing sub design.
MENTIONED IN THIS ARTICLE
Elton C. Fay
Washington
Defense Department
Navy
McElroy
Strategic Air Command
Air Force
Thor
Army
Aga Khan Leaves Romance Behind in Alps and Austria
The Aga Khan drove 350 miles from Kitzbuhel to Gstaad in a German sports car amid rumors of romantic links with Sylvia Casablancas and Patricia Rawlings. Sylvia, 17, and her family deny romantic ties, while the Aga Khan’s mother Princess Joan calls rumors malicious.
MENTIONED IN THIS ARTICLE
Michael Goldsmith
Gstaad
Switzerland
Aga Khan
Alps
Austria
Kitzbuehel
Patricia Rawlings
Kutzbuehel
Sylvia Casablancas
Sylvia
Fernando
Joan
Decatur Markets Roundup with grain and livestock quotes
Decatur markets report Midling at 34.50 and loan at 32.79. Cottonseed 25.00 per ton. Milk Grade A 6.33 per cwt. Manufactured milk 63.20 per cwt with rate indications. Poultry and wheat prices listed. No. 2 corn and oats prices shown. Cattle and calves prices for 800 and 150 head respectively. Hogs quoted 18.25 to 19.00 per cwt with sow ranges.
MENTIONED IN THIS ARTICLE
Botton
Decatur
Probers Accuse Rackets Panel of Pressuring UAW Leader
Sen McNamara details Senate Rackets Committee tensions over Walter Reuther and the UAW. He cites bias by some Republicans, criticizes counsel John McGovern, and signals an early January showdown amid hearings on Kohler strikes and union boycott claims. The eight member panel includes McClellan Ives Kennedy Ervin Mundt Goldwater Curtis and McNamara.
MENTIONED IN THIS ARTICLE
G. Milton Kelly Washington
Sen. McNamara
D-Mich
Senate
Walter Reuther
United Auto Workers Union
McNamara
UAW
Reuther
Michigan
John McGovern
McGovern
Detroit
Kohler
Area Man In Service Clements Graduates From San Diego Training
James G. Clements apprentice petty officer third class USN son of Mr and Mrs J D Clements Cullman 5 graduated December 13 from Recruit Training at the Naval Training Center San Diego The note follows a section on Aga Khan and Royal Family rumors involving Patricia Rawlings and Louis Rawlings in Gstaad The report mixes service news with unrelated royal gossip
MENTIONED IN THIS ARTICLE
San Diego
Calif
James G. Clements
USN
J. D. Clements
Cullman 5
Naval Training Center
Aga Khan
Gstand
Rawlings
Aga
Prince Karim
Gstaad
Patricia
Louis Rawlings
London Daily Mail
Makeshift Quarters Planned For Pupils Of Burned School
Cullman Alabama. Cold Springs Elementary School students will resume classes Monday in makeshift quarters. Superintendent Martin Campbell says replacement costs are about 100000 dollars with 36000 dollars insured. Classes will be held in a high school basement vacation building and shops. Plans for a new structure will follow. The article also notes a postal savings limit and Turkey’s port projects.
MENTIONED IN THIS ARTICLE
Cullman
Ala
Cold Springs
Cullman County Supt. of
Martin Campbell
Campbell
Also Mentioned on This Page
Wall St
Ron Randell
Laya Raki
Los Angeles
Beverly Hil
Randell
Australia
Raki
London
Romance
the Aga Khan
Decatur Markets
Probers
U.S
New York Cotton Exchange Service Bureau
Aram Hovanian
Nassau County
Mineola
N.Y
Arlene Thompson
Miss Thompson
St. Albans
Queens
Hovnanian
U. S
Turkey
Maxwell House
B. Byc
Monarch Super Market
Somerville Road
Blackeye
Fleetwood
Norman Albright
Our
A.B. C
Anderson Business College
N.E
Dial EL
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