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This newspaper page contains 13 articles. Subscribers can read the full text of each article.
Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jul 20, 1958
Page
20
New York AP reports signs of rising business activity with stocks at yearly highs, commodity prices firming, and increases in personal income and manufacturing payrolls. International events and government bond purchases supported optimism, while some sectors lagged.
Babson Park Mass economist Roger Babson argues the U S birth rate will stay low for several years, with a downturn in marriages and a weak economy delaying any baby boom until the late 1960s or later. He cites past forecast errors and population shifts around the Magic Circle region centering on Eureka Kansas.
Automotive stocks show a drop in unsold cars with dealer holdings down from 741,251 to 673,000 units as of July 1. Factory output is cited as the main cause, with year to date production about 1% below the 1957 pace.
Frank L. Montgomery, an employee of the Sorg Paper Co., has been appointed associate publicity director for the Dayton chapter of the National Association of Accountants. He will handle press, radio, and public contacts for the association in the area.
Ohio started its new bookkeeping year with a sales tax decline. For the week ending July 5 receipts totaled 1.33 million, down 43 percent from the prior year. Urban counties drove most of the drop, with Montgomery and Warren counties showing steep declines.
U S Steel plans a major addition to its Fairfield Alabama tin mill. A continuous or heat treatment line will heat steel strip to 1350 degrees Fahrenheit for pre products. Engineering is underway and construction should start soon with completion in about two years.
Tokyo AP reports U S military installations in Japan declined from 1400 in April to 369 by end of May after Japan regained sovereignty. Japanese employment by U S forces fell from a wartime peak of about 3100, with combat and air force units expected to be reduced further.
Washington AP reports government and business data show little sign of restraint from labor and industry as wage trends hold near last year, with fringe benefits rising slightly and pay hikes around 10 cents per hour for many contracts. Steel and auto negotiations loom as key to wage and price dynamics.
Tulsa County Attorney J. Howard Edmondson returned from an Oklahoma City campaign visit with a filmed interview made with Ikinson for an Oklahoma City television station.
The article explains a new law requiring clear labeling on cars to reveal make model final assembly point delivery dealer and transportation method. It notes dealers may still offer discounts and trade‑in allowances, urging buyers to create a personal shopping guide to compare identical models across dealers and avoid hidden markups.
The stock market rose amid 1958 upheaval with trading volume near year highs. Oil and defense related shares faced losses as oil-rich states faced crisis, while foods drugs and tobaccos held firmer. big international oils and steels declined after the pro-Nasser coup news in Iraq.
S L Hickey accused six state workers at a Georgetown truck station of stealing part of his watermelon load. He drove through the yard with watermelons then, following another driver’s advice, returned to find the men eating part of the load. Petty larceny warrants issued.
A brief note describes flowering blossoms receiving artificial light for a few minutes each night to aid blooming during a special football weekend.
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