This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Aug 05, 1958
Page
2
The Federal Reserve raised stock margin requirements from 50 to 70 percent effective Tuesday to curb market speculation and inflation risk. The policy aims to limit credit use in stock purchases, signaling government concern as prices rise amid a business dip and debt ceiling increase.
L A Collins notes General Motors 1957 profits about 800 million with 7.5 cents per sales dollar and 570 million paid to owners while 3200 million went to wages. He argues higher production costs raise prices, lower demand, threaten jobs, taxes, and the overall economic system. unions, profits, and reserves shape the bargaining impasse with auto makers.
Long Beach and vicinity expect night and morning clouds with sunny afternoons today and Wednesday. Mountain regions show variable cloudiness with scattered afternoon and evening thundershowers and little temperature change. Interior and desert areas face scattered thundershowers with highs near 100 in upper valleys and up to 115 in lower valleys. Coastal coastwide low clouds persist due to a low pressure area over California. Tides show high 5.9 feet at 12:52 am and 43 feet at 1:31 pm, low around 10:00 am and 7:31 pm. Water temperature 67, surf moderate. Sunrise 6:07 am, sunset 7:51 pm, moonrise 11:09 pm, moonset 11:40 am.
Deserter Wayne Powers, who fled World War I duty and lived 14 years with a French partner, saw his 10 year prison term cut to six months at hard labor and a dishonorable discharge. The move followed expectations of leniency amid French public reaction and a large clemency appeal. Powers, who deserted before the Battle of the Bulge, entered a negotiated guilty plea as his case heads to a final Army review. He planned to wed Yvette Bleuse and hoped to return to France to settle, with French firm offers and a prior marriage ended.
In Helena Montana Forest Service patrols test motor scooters as mounts for rangers in the Flathead National Forest. The effort aims to speed response and reduce fatigue on patrol routes across rugged terrain.
Julius Golden reports on Secretary of State Dulles arriving in Rio de Janeiro for an official Brazil visit as a protest banner and jeers greet him. Dulles car passes the National A entrance while students chant anti US slogans and accuse the United States of pursuing only interests.
Secretary of State Dulles arrives in Rio de Janeiro to meet President Kubitschek and discuss defense and the coffee market, highlighting hemispheric problems. He warns of indirect aggression and cites Berlin airlift era parallels as he tours embassy areas defended by police and security forces.
The Navy resumes mothballing ten ships halted July 16 amid easing Middle East tensions. Fifty-five ships remain scheduled for deactivation to trim the fleet from 901 to 84 vessels, with decisions on the rest deferred.-Isis/Isalem remains on full alert while replacement ships join the fleet under the January budget.
London says the Sultan of Muscat and Oman who halted a rebellion last year will receive Air Force planes to strengthen his armed forces. Britain also to aid a civil development program in Oman at the entrance to the Persian Gulf.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.