Eisenhower Sees Economic Slump Stabilizing and Alaska Pledge
President Eisenhower said the free enterprise philosophy remains, the dollar should stay sound, and the economy shows leveling off despite declines in auto and durable goods sales. He declined to call in key industry leaders but stressed a duty to push admission of Alaska and Hawaii as party pledges remain in force amid Alaska statehood questions.
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Eisenhower
Roger Blough
U.S. Steel Board
David McDonald
Steel Workers Union
House
Alaska
Hawaii
De Gaulle Starts Government Formation Amid Assembly Clash
Georges Catroux and Marshal Alphonse Juin cited as figures in the crisis as Coty asks De Gaulle to form a new government. De Gaulle announced work on a government while facing opposition in the National Assembly and planned demonstrations by Communist Socialist and Christian unions amid a rebuff of Pflimlin’s support with a 408 165 vote.
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Georges Catroux
Marshal Alphonse Juin
Coty
de Gaulle
National Assembly
Algeria
Pflimlin
Leave to Beaver On WFMY Channel 2 Schedule
WFMY TV Greensboro Channel 2 lists Leave to Beaver at 2:00 followed by Art Linkletter at 2:30 as the afternoon lineup.
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Wfmy-Tv
Greensboro
Art Linkletter
Eisenhower flags recession nearing end amid inflation fears
President Eisenhower signals recession may be over as government spending risks a growing deficit. Some urge tax cuts to lift consumer buying, but many fear inflation and a bigger debt unless spending is trimmed. Industry shows signs of revival with autos, steel, and farm incomes improving.
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New York
Eisenhower
Congress
Mmany
Treasury
All Leone
Industrials Lead Mild Market Rise Amid Mixed Pattern
New York stocks edged higher with moderate volume as industrials, steels, oils, aircrafts and missile stocks led gains. Rival sectors such as rails and utilities moved little while Eisenhower’s recession view and a Fed signal of leveling unemployment framed the session. Republic Aviation rose on brisk trade as deliveries to the Air Force drew attention. U S Steel Lukens and Republic Steel posted sizable fractional gains with American Airlines up on strong volume. AP index up 30 cents at noon as Industrials gain 70 cents.
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New York
Eisenhower
Federal Reserve Board
House Appropriations Committee
Republic Aviation
Air Force
Youngstown Sheet
U.S. Steel
Republic
Associated Press
Cotton Futures Open Higher Despite Slide in Prices
New York AP reports cotton futures opened with a 15 cent rise per bale, yet the session shows an overall 25 cent decline from earlier levels as traders react to market signals and supply concerns.
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New York
Condensed Book: One Life Two Worlds
Christine Hotchkiss an American housewife born Sept 1939 returns after 18 years to her birthplace now behind the Iron Curtain. The June Reader's Digest offers a rare account of communist ire and her experiences there.
MENTIONED IN THIS ARTICLE
Christine Hotchkiss
Dow Jones Averages Reported By Bache & Co
The Dow Jones averages show the industrials at 461.15 at noon, 461.41 at 1 p.m., and 460.08 at close. Utilities and stocks values are listed with corresponding figures and trading volume across the day.
Trout death on highway after fleet collision in Harrisburg
A State Fish Commission truck and a furniture truck collided near Harrisburg sending over 1,200 trout bound for streams to their deaths on the highway. Spectators gathered the survivors and took them home for dinner.
MENTIONED IN THIS ARTICLE
Harrisburg
State Fish Commission
Assembly vote ends crisis as government survives
Paul Ramadier warned that calling the Assembly would be a sign of weakness and urged ministers not to quit. Pflimlin faced deputies asking what power remained to govern as a roar rose through the chamber. After a late night session the vote stood 408 to 165 in favor of the government and the Assembly adjourned, its resolve finished.
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Paul Ramadier
Pflimlin
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