1958 Stock Market Surged Beyond Wall Street Forecasts
New York 1958 stock market surpassed pundits as a roaring bull run defied late 1957 fears. Key drivers included Federal Reserve rate cuts, renewed consumer confidence from Explorer satellite, inflation hedging by investors, Middle East defense spending, and post-Labor Day business upturn. Inflation psychology and November Democratic gains boosted demand even as manufacturing lagged. The year saw steady gains from April onward amid mixed rail outcomes and labor talks with BLFE at CPR.
MENTIONED IN THIS ARTICLE
U.S
Wall Street
Canadian Labor Seeks Government Help For 1959
Canadian labor aims for government action in 1959 focusing on anti right-to-work measures, industrial relations reform, unemployment insurance, and federal efforts against winter unemployment. By mid November 361,000 unemployed and seeking work, up 48,000 in a month and 65,000 from last year, amid a year of ongoing contracts for major unions.
MENTIONED IN THIS ARTICLE
Hamilton
United Automobile Workers’ Union
Eighter
Board of Transport Commissioners
Ontario
Quebec
Tough Brotherhood of Locomotive Firemen and Enginemen
CLC
CPR
BLFE
CNR
United Steelworkers of America
CSC
Southend Macaulay News Briefs and Social Notes
Weekend visits noted for Miss Stevenson and Miss Betty Pogue. 4H Calf Club members enjoyed a bonspiel at Worby on Saturday. Local residents Bert Radford and the Nicholls/Hulme families spent time at home. Sympathy extended to Mrs Roy Glover on her father’s passing with funeral at Portage and interment at Gladstone Cemetery. Next South End WMS meeting set for February 5 at 2 p.m. with Mrs C Hammond hosting and program by Mrs Stewart, Mrs Tarr, and Mrs Chant.
MENTIONED IN THIS ARTICLE
Roy Glover
Portage
Gladstone
Southend W.ms
C. Hammond
Stewart
C. Tarr
C. Chant
Also Mentioned on This Page
New York
Miles
Wall
Stoney
Federal Reserve Board
Federal Reserve
Lebanon
Middle East
Lamb's
Harry L. Trump
Wantad
Macgregor Herald
Fhone
Vitawa
Labor
Southend Macaulay News
Lillian Glover
Montgomery S
MacGregor
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