General Factors Favor Optimism Among U.S. Retailers
Wall Street gloom contrasts with upbeat Main Street, as retail sales reach record levels. Demand rises for home appliances and clothing while auto output accelerates toward 1958 models. Despite factory layoffs and defense cutbacks, power and consumer demand show resilience, with Cordiner predicting steady 1957 levels and a cautious 1958 rebound.
MENTIONED IN THIS ARTICLE
Walter Breede JR
New York
Wall Street
America
Russia
Buick
Chevrolet
Pennsylvania Railroad
General Electric
Ralph J. Cordiner
Dallas, Tex
Stock Market Sees Worst Break Since 1933 Amid Sputnik Shock
The week’s decline on the New York Stock Exchange clips about $10 billion in market value as the Associated Press average plunges to a low not seen since March 1955. Margin calls, tax losses, and profit taking drive a broad decline with heavy turnover and a Sputnik inspired uneasy mood. Jordan weighs arms need as US arms shipments to Jordan surge and grain markets show mixed moves.
MENTIONED IN THIS ARTICLE
ED Morse
New York
Eisenhower
New York Stock Exchange
West
Associated Press
Russia
Space
Sputnik
Wall Street
Cotton Futures End Week With Minor Changes
New York reports show cotton futures closing with small net gains as midweek highs faded. October delivery remains in focus amid a lower than expected government crop estimate and rising spot prices, with ginnings at the weakest on record and early frost risk noted.
MENTIONED IN THIS ARTICLE
New York
Market Reports Kansas City Livestock Weekly Prices
Weekly livestock prices show hogs down about one dollar with late hogs at 17.50 and week top at 18.10. Cattle ranges include slaughter steers 19 to 24.50 with upper-choice at 24.50, cows 10.50 to 12.75, and yearling stockers 20.50 to 25. Sheep lambs mostly 20 to 20.50 with slaughter values steady to weak.
MENTIONED IN THIS ARTICLE
Kansas City Livestock
Kansas City
U.S
Grain futures stumble amid irregular week on Chicago board
In Chicago futures the grain market fell Friday while staying irregular for the week as the Thursday crop report influenced prices. Wheat slipped to new lows for the year, while corn oats barley soybeans showed mixed draws and small gains or losses compared with last week.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Tech Dads Day Plans Preview at Texas Tech
C L Reaves of Plainview received a preview of Tech Dads Day events for Oct 19 as Janet Reaves, co chair, led campus tours. Activities include 1:30 to 3:30 p.m. registration and coffee in Rec Hall, a 5:30 p.m. dinner in the Union for fathers, and an 8 p.m. football clash with Baylor at Jones Stadium. A Tech Dads Assn will be formed at the dinner.
MENTIONED IN THIS ARTICLE
TECH
C. L. Reaves
Plainview
Texas Tech
Janet
Cochairman
Rec
Union Building
Jones Stadium
Baylor
Tech Dads Assn
Russians spoof readers with copy of U S Sputnik model
Chicago report notes a Soviet magazine and Popular Science Monthly had identical cutaway diagrams of Sputnik. The U S model first shown at the Chicago Museum of Science and Industry in 1955, later reproduced in PS Monthly and Allied Radio catalo g, with Herbert R Pfister credited for the globe and electronics. The Russia duplicate lifted the same design.
MENTIONED IN THIS ARTICLE
Chicaco
Sputnik
U.S
Chicago
Allied Radio Corp
Herbert R. Pfister
Popular Science Monthly
Riverside pilot lands KC 97 solo after in-flight explosion
1st Lt. Donald Wittevrongel of Rock Island Illinois pilots a KC 97 solo to a risky landing at March Air Force Base after a propeller shaft failure and in-cockpit fuel vapors threaten explosion. He lands safely though brakes blow out three tires. crewmates unharmed except Lt. Richard Phim who breaks a leg.
MENTIONED IN THIS ARTICLE
Hal McClure
Riverside
Calif
Donald Wittevrongel
Wittevrongel
Widevrangel
March Air Force Base
Witterronge
Air Force
Rock Island, Ill
March
USAF
Richard 1
Phim
la Mesa
Allison A. Frasier
Frenklin
Cecil E. Buck
Danville
Pass Te Set
Teddy
Hardesty
el Dorado
Ill
Garland
Smith
Bakersfield
Frederick Nadroski
Westfield
Mass
Douglas L. Johnson
Los Angeles
Wittevrangel
Lois
Also Mentioned on This Page
Jordan
Amman
United States
Seidlitz
Paint & Supply Company
Clovis
Rexall
Mickey Rooney
Walter Slezak
Nbc-Tv & Radio
Kcbc-Tv
LOOK + POST + FARM JOURNAL
Progressive Farmer
Rexall Panovite
Victoria
Far East
Taylor's Cottage
Adrienne Indelo
Oath Tor
Resoll
Adrienne Compact
Peppy LE Pooch
Columbia
S.m,l
Beza
Paper & Ems
Ogre
REX
M. L. Pr
Rexalt Metal
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