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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Sep 13, 1957
Page
8
Markets show mixed movement with copper prices rising while stocks and grains tilt. Reports cover bonds, cotton, wheat, soybeans, hogs, cattle, grain futures, and Kansas City market specifics with brief price ranges and notable declines.
Helped by firmer copper price from custom smelters and stronger London Metal Exchange. Kennecott gained around 0.25 cents, Anaconda rose well above, and American Smelting posted around 9 dollars in the market.
Washington officials declined Walter Reuther's proposal for government involvement to fix industry price wage agreements as an anti inflation step. Secretary of Labor Mitchell stated the administration would not intervene in private bargaining, stressing that such policy promotes industrial peace and voluntary settlements between labor and management. The president emphasized public stake in the outcomes of management labor talks.
Secretary Benson announced that President Eisenhower decided he would continue indefinitely in the Cabinet. He said the matter was discussed at a Newport conference and that his church approved his decision since he is on leave. Benson, an apostle of the Mormon church, responded to a demand for his removal by Senator Proxmire of Wisconsin, who blamed Benson for farm policy dissatisfaction in the state victory.
The Eisenhower administration forms a four member economic group led by Secretary of the Treasury Anderson to coordinate anti inflation policy focusing on financial aspects. William M. Martin Jr. of the Federal Reserve joins alongside Raymond J. Saulnier and Gabriel Hauge to advise on credit, money supply, tax policy, and debt management.
Secretary outlined plans to modify present farm programs. He called for liberalization of crop controls, more price support flexibility, and expanding the Agriculture Trade Development Act to sell surpluses abroad for foreign currencies. He cited farmer support as a reason for optimism.
Alonzo F. Badger aged 58 of 1129 Del Street was moved from Lawrence Memorial Hospital to Kansas University Medical Center in Kansas City after a Wednesday collision involving a car and a pickup truck just east of Lawrence on highway K-10. Badger is listed in good condition.
About 30 Winston Churchill paintings will tour the United States and Canada this winter in six to eight cities. Joyce C. Hall of Kansas City announced the plan after a confirming cable from Churchill. The Smithsonian is arranging the tour starting at the William Rockhill Nelson Gallery in Ransda City in February, with openings in Kansas City and Washington sponsored by Sir Harold Caccia and President Eisenhower. Hall and Dr. Franklin Murphy urged Churchill to participate during a June visit.
Dr. Murphy recounts guiding an artist through a long retrospective showing how his technique evolved over four decades. The curator recalls questioning whether the work warranted attention and emphasizes that visitors were urged to come see the evolving style.
Farmer Richard Boyle, 27, ate 4% pounds of sauerkraut in four minutes to defend his title at the Kraut Festival. He received a trophy and his weight in sauerkraut, totaling 475 pounds, as prize.
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