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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jul 13, 1958
Page
21
The economy shows a summer lull with early signs of a fall upturn. Manufacturing employment hours and optimism rise while Wall Street rebounds to a yearly high amid a large expected federal deficit and defense contracts boosting aerospace and consumer goods orders.
Carl A. Rossfeld, CG&E Northern Division representative, marked 25 years with the Cincinnati Gas & Electric Co. He joined July 6, 1933 and was named a Veterans Club member. He chaired the Northern Division employee picnic and is active in Masonic circles. the Rossfelds live at 2812 Titus Ave.
Crucible Steel Co. reports new titanium alloys that resist heat distortion and offer higher yield strength, aiming for use in military aircraft and missiles and potential early 1960s production. The firm cites improvements in heat treatment up to 1000 degrees and mentions inhibitors to commercial adoption.
A reflective piece discusses J K Galbraith's The Affluent Society, noting wealth shifts, affluence driving demand for newer models, the role of sales taxes, and the call to use abundance for education, infrastructure, science, and social programs. It highlights how Americans must manage impulses after conquering scarcity.
Roger Babson argues unions are tied to graft and political manipulation. He recalls WWI labor analysis, defends labor as a friend, and urges renewal of terms amid recession fears. He targets labor leaders, employers, and lawmakers for responsible action to curb strikes.
Fragmentary text references Robert Cooper and wage renewal, noting labor and pay concerns as contracts or terms come up for renewal. Unclear specifics on place or event due to garbled OCR.
Officers and directors of the Dayton Chapter of the National Association of Accountants approved a winter education forum. The program will cover cost accounting management problems and solutions for a company facing financial difficulty. It targets 28 business leaders with committees forming and a panel of experts to discuss systems policy inventory and plant utilization.
Hartford banker Joan D. Stout Jr. turned a retired city bus into a traveling ski lodge named Desire to transport his family of four to the mountains, reflecting the rising costs of mountain trips.
Product listing shows Carrier air conditioners with prices 149.95 264.95 and 326.95 from B L Dawson & Co located at 25 Clark St GA 2.3689. Local catalog style itemization highlights available models and price points.
Washington economists note that rising federal purchases and a retroactive pay increase lift expectations for a quicker GNP recovery. First quarter GNP stood at 422 billion with personal consumption near 281 billion, while farm program commitments and housing gains support a possible second quarter upswing.
Detroit reports about 700000 new cars in stock, down 166000 from March high. Buick ended 1958 production. manufacturers plan earlier model rollouts and longer shutdowns to liquidate outgoing stock as 1959 plans hinge on liquidation pace and market reception. Some executives predict modest demand and cautious output through 1959.
The UAW reports 93.5 percent in favor of strike action among 168 of 220 locals voting on a contract battle with the Big Three. totals show 175,972 for strike and 12,129 against with further voting possible later this month. A separate push asks GM for a contract poll on worker sentiments.
In Connersville Indiana Sarah credits her older sister for her 12 years of perfect school attendance. She says the sister brought home childhood diseases that left nothing else for Sarah to catch once school began.
Advertising executives report on the Adversing operation and the Adverse Council under the Newspaper Advertising Executives Association. The release highlights support for the UJA Rescue Fund and coordinated promotional efforts.
A Louisville Kentucky boy described as a two percent yearld smoker has smoked cigars and cigarettes for over a year according to his parents. They suggest the clue to his birthday wish is a pipe.
Ohio prepaid tax receipts for the last period of the fiscal year totaled 99,844,009 with an 85 percent rise of 83,544 over the prior year. Yearly collections reached 224,658,574, down 46 percent from 1957’s peak. County results varied with Butler rising to 171,404 while Baler, Montgomery, Preble, and Warren all lagged year-ago figures.
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