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Newspaper
La Crosse Tribune
Location
La Crosse, Wisconsin, United States of America
Date
Aug 01, 1958
Page
1
Washington AP reports conferees aim for a four year extension of the Trade Agreements Act with broad presidential authority to negotiate lower barriers. Both chambers seek a middle path on tariff reductions in a bid to match the European Common Market.
Madison Wisconsin. Melvin Larson state motor vehicle chief reports a decline in highway deaths due to a driver penalty point system. He says 1,750 lives were lost in the two years since its start, down from 1,870 in the prior two-year period, with 12 points within a year causing license loss.
Livestock entries at the 1958 La Crosse Inter-State Fair will exceed 1957 in most divisions, per fair board secretary Joseph W. Frisch. Open class dairy cattle reach 364 head, with Holsteins at 100, Jerseys 73, Guernseys 75, Ayrshires 27, Brown Swiss 45, Milking Shorthorn 44, and 25 beef cattle in open class. Sheep entries in open class rise with 176 total across breeds, aided by a new sheep barn. Open class swine entries are noted but not listed.
Washington economists say the recession may end this winter or next spring with output returning to prerecession levels by year end. unemployment likely stays high for 12 to 18 months, and growth may pause if military actions in the Middle East intensify.
A Milwaukee Road Olympian Hiawatha train derailed at 90 mph, sending 11 cars off the tracks and down a 20 foot embankment. Fifty three people were injured, mostly in the diner and observation cars, with emergency crews from six communities attending. Authorities cited no determined cause and rerouted trains while track repairs proceeded.
Last day of the month saw about 50 000 machine cancellations at the La Crosse post office far above the normal 25 000 as a stamp rate hike took effect. Extra staff and boxes handled overflow while 1 cent stamps remained in high demand. New rates raise postcard and first class stamp prices and introduce penalties for shortpaid mail set to begin November 1.
President Eisenhower proposes a United Nations Security Council summit on August 12 in New York or elsewhere to discuss the Middle East crisis. He asks Soviet Premier Khrushchev to attend and asks Lodge at the UN to seek the meeting, aiming to keep the talks within the Security Council framework.
Two youths questioned by Winona police in a blaze destroying nearly 1 000 carloads of flax tow at Archer Daniels Midland Co. totaling about 500000 dollars. Fire destroyed eighteen of twenty one outside piles and scorched nearby facilities as crowds swarmed the area.
Detroit AP United Auto Workers charges of unfair labor practices against Chrysler Corp. have been promised an immediate and thorough investigation by an attorney for the National Labor Relations Board. NLRB General Counsel Jerome Fenton said the board may issue its findings within 10 days if the facts are not in dispute.
The House voted 375 to 2 for a bill to boost Social Security pensions by 7 percent with a tax-raising plan to fund the increase. The measure would raise benefits for 12 million current beneficiaries and set higher payments for future retirees, taking effect November 1 if enacted.
A Redstone ballistic missile carrying a nuclear warhead was launched from Johnston Island and detonated in the Pacific at about 100 miles altitude. The explosion lit Honolulu skies and prompted warnings to keep ships and aircraft clear for several weeks, with observers reporting mushroom clouds and a red glow.
The Air Force postponed a 1,500 mile Thor ballistic missile launch due to technical troubles following an Atlas scrub earlier in the week. Both missiles will be rescheduled for firing soon. Earlier tests ended in abrupt blowups after liftoff. The Thor, a 65 foot weapon built by Douglas Aircraft, is expected to be operational by December.
Vaughn Smokey Williams, 66, of Milwaukee, an engineer with the Milwaukee Road since 1919, watched as nine or ten cars of an 11 car streamliner derailed in southern Milwaukee County. He said brakes locked and he saw a cloud of dust as the cars plunged off the track and he directed firemen and dispatchers to summon medical help and a wrecker. Williams believed the cause was something on the train and noted he felt nothing when the cars left the rails.
Republic Steel Corp raised prices by about three percent on bars, rod, pipe, and wire after prior price gains. Major producers joined the move, with U S Steel and Bethlehem Steel implementing selective hikes in flat rolled products, while aluminum followed with a minor pig aluminum increase to 24.7 cents a pound.
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