Economic Outlook For 1956 From Business Polls
Sam Dawson surveys 1955 end and 1956 start with optimism. Business leaders expect higher sales, prices, wages, and investment, while consumer borrowing and savings behavior remain key risks. Despite potential labor strife and a housing dip, expansion plans exceed 1955, with over 33 billion dollars in new plant and equipment anticipated.
MENTIONED IN THIS ARTICLE
Sam Dawson
Newsboy Shot On Paper Route In Milwaukee
A 13 year old newsboy was shot in an apartment building on his paper route early Christmas day. He survived surgery and is in satisfactory condition. Suspect Alvin Burggraf, 29, was questioned and released on 500 bond after claiming he fired at a prowler. He says he mistook a figure in a dark hallway for a threat and fired. the target turned out to be a burglar who fled.
MENTIONED IN THIS ARTICLE
Milwaukeep
Alvin Basting
Wauwatosa
John Burgegraf
Duncan Himes
Basting
Burggraf
Young Himes
Evelyn Himes
Sam
Mrs. Himes
Individual Soldier Receives 39 Percent Of Army Budget
Washington reports the Army will spend about 8.675 billion dollars this fiscal year, roughly 39 percent of its total 9.404 billion. Pay and allowances total 3.117 billion, with clothing, food, and permanent change of station travel composing the rest.
MENTIONED IN THIS ARTICLE
Washington
Army
Army Reserve
Department of Defense
Armed Forces
Army Reserve Forces
National Reserve Plan
U. S. Army Reserve School
National Guard
Japan's Defense Chief Sees Most Mixed Up War
Gen Keizo Hayashi predicts the most complex war in history and doubts major fighting for three years. He cites public antiwar sentiment and Communist subversives hindering rearmament as Japan builds a 180000 strong self defense force. He outlines three war types and notes Japan is arming with US jets and a 422 vessel navy.
MENTIONED IN THIS ARTICLE
Japan
United Press Staff
Tokyo
Keizo Hayashi
Japanese Joint Staff Council
Hayashi
Flood Rescue Pilot Back With Family For Related Yale
Navy flier Jack Caldwell returned to his wife and two children after three days rescuing flood victims in the Marysville Yuba City area. He volunteered for relief work despite missing Christmas with his kids, recalling his Wheelersburg Ohio home flooded in 1937. Caldwell, last listed at Waverly Ohio, and Coast Guard Lt. R. Leicy carried out several daring rescues.
MENTIONED IN THIS ARTICLE
Alameda
Calif
Navy
Jack Caldwell
Marysville-Yuba
Caldwell
Wheelersburg
Ohio
Waverly
Coast Guard
R. Leicy
Monroney Spearheads Probe Into Car Dealer Treatment
Senate Commerce subcommittee chaired by Sen. Monroney of Oklahoma plans hearings starting January 19 on alleged factory mistreatment of dealers. Investigations cover bootlegging, excessive credit and other abuses with preliminary data from about 20 000 of 42 000 dealers. Dealers cite pressure to take more cars and shifting all financial risk to buyers.
MENTIONED IN THIS ARTICLE
Washington
Senate Commerce
Sen
Monroney
D-Okla
Cardinal Spellman Visits ROK Chief After Christmas Mass
Cardinal Francis Spellman, archbishop of New York, paid a courtesy call on President Syngman Rhee in Seoul after Christmas with troops in Korea. He celebrated mass for officers and men of the 24th Infantry on the Western Front, then for the 7th Infantry Division, 1st Corps and Air Force units. He told front-line troops peace comes when nations follow God. He held mass at Hialeah compound chapel in Pusan before visiting Rhee at Chinhae and departed for Japan.
MENTIONED IN THIS ARTICLE
Seoul
Francis Cardinal Spellman
New York
Syngman Rhee
Korea
24Th Infantry
7Th
1St Corps
Air Force
Hialeah Compound
Pusan
Rhee
Chinhae
Japan
Stepup in Tax Fraud Prosecutions Cited by U S Officials
Washington officials credit the Eisenhower administration for a rise in income tax fraud prosecutions. Assistant Attorney General H. Brian Holland noted 1,641 convictions in the last three years, exceeding the total for similar offenses in 1949 to 1952. He said 1955 criminal prosecutions for tax fraud reached a new all time high, surpassing the prior year.
MENTIONED IN THIS ARTICLE
Washington
Eisenhower
Asst
Brian Holland
Truman
Holland
Justice Department
Tax Division
Hunter's Killer Commits Death by Own Action
Cullman County sheriff said John Wiley Moore of Sipsey, Alabama shot himself after a two mile chase when cornered by police. Moore was wanted for questioning in the fatal shooting of Charles Carleton, a 63 year old mine section foreman, whose body lay beside a rural road northwest of Birmingham Christmas morning. Carleton disappeared after leaving a hunting trip on Saturday. Moore had Carleton's car and was found with a Fairfield mine worker's pocketbook.
MENTIONED IN THIS ARTICLE
Birmingham
Ala
Cullman
H. C. Waldrop
John Wiley Moore
Sipsey
Charles Carleton
Waldrop
Moore
Carleton
Fairfield
Cullman County
Weeks Predicts Continued Boom In Industry Growth
Secretary of Commerce Weeks predicted continued growth of business activity over the next six months, saying industry should expand even without a tax cut next year. He favored tax relief for consumers and noted occasional leveling off may occur, but not soon. He spoke on Mutual radio and emphasized a prudent government to aid the economy.
MENTIONED IN THIS ARTICLE
Washington
Secretary of Commerce
Banana variety dominates local fruit imports
The text notes that musa sapientum is the most common banana type, described as the fruit of the wise men, and states that nearly all bananas consumed here are a variety of this species.
Aircraft Industry Becomes Nation's Second Largest Employer
Washington reports the aircraft industry now ranks as the nation’s second largest employer with an estimated annual output value of 8.4 billion dollars. DeWitt C. Ramsey, president of the Aircraft Industry Association, cites a monthly workforce near 750,000, versus about 910,000 in the automobile sector. Most deliveries, 85 to 90 percent, went to military services.
MENTIONED IN THIS ARTICLE
Washington
DeWitt C. Ramsey
Aircraft Industries Assn
Firemen Miss Out On Open House in Barboursville
Barboursville volunteer fire department hosts a Christmas open house from 7 to 9 PM. The event is interrupted when a fire alarm sounds and the firefighters must respond. After two hours, they return to the scene, leaving attendees with unfinished plans for the evening.
MENTIONED IN THIS ARTICLE
Barboursville
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Yale
Cardinal Spellman
ROK
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Lawton
Pittsburgh Paints
Farmers Lumber Company
Hunter
Weeks
Mutual
Atlanta
Morford Hills
Porter Brothers
THE
REAL
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