Shrinking Dollar Hurt Families and Industry Across Nations
New York reports on the shrinking purchasing power of the dollar and rising living costs. The article notes a 20 percent drop since 1947-49, wage ties to cost of living, June pay rises barely matching inflation, and widespread effects from higher steel and aluminum prices, with impacts on pensions, producers, and international currency values including Canada.
MENTIONED IN THIS ARTICLE
New York
S Bureau of Labor Statistics
Bureau
United States
Canada
Cop Solves Stalemate In Traffic
Erie police report a road jam when trucker Raymond Borst blocked Bessemer & Lake Erie tracks to turn onto Route 5 and railroad engine S. R Reid refused to back. Borst unhooked the tractor and stood off as a diplomatic officer urged a back move, then Borst pulled free.
MENTIONED IN THIS ARTICLE
Erie
Raymond Borst
Bessemer & Lake Erie
S. R Reid
Borst
Reid
Teens Admit Beating Ga Tech Professor in Robbery
Three Atlanta teenagers admitted beating Dr. William Knox Pursley 32, an associate physics professor at Georgia Tech, during a $15 robbery. Detectives said Ardeeser 19 Evans 18 and Little 17 signed statements and are held for investigation in the slaying near Pursley’s apartment, six days after the body was found.
MENTIONED IN THIS ARTICLE
Atlanta
Georgia Tech
R. F. Jordan
William Knox Pursley
Jordan
Paul Francis Ardeeser
Andrew Joe Evans
Donald Gordon Little
Pursley
Clover
S.C
WISHING WELL Puzzle Card Distributed by Kine Features Syndicate
The card describes a daily fortune puzzle titled Wishing Well registered in the U S Patent Office. Players count letters in their first name, adjust by rules to find a key number, then read the message formed by letters under checked figures in a rectangle. 2907, Willem J Miller.
MENTIONED IN THIS ARTICLE
Willem J. Miller
Kine Features Syndicate
West Coast Group Buys Mutual Broadcasting System
A Pacific Coast group of businessmen and broadcasters purchases the Mutual Broadcasting System for an undisclosed price. Paul Roberts of Los Angeles will be network president starting Aug. 7 with B J Hauser as executive vice president. The deal involves 480 affiliated stations but no direct station ownership by Mutual.
MENTIONED IN THIS ARTICLE
West Coast Group
Mutual Network
New York
Mutual Broadcasting System
Paul Roberts
Los Angeles
B. J. Hauser
Mutual
Roberts
Krkd-Fm
RKO Tele-Radio Pictures, Inc
Boston
Memphis
Francisco
Washington
Ao Roberts
Armand Hammer
Occidental Petroleum Corp
Roy Roberts
Ojai
Calif
Yankee
Don Lee
RKO TeleRadio Pictures, Inc
Bike Unpopular With Postmen
Memphis postmen report bicycles hinder their rounds in sleet and darkness. After a week of trials most volunteers abandon mechanization citing tired legs as the main complaint.
MENTIONED IN THIS ARTICLE
Memphis
Tenn
Also Mentioned on This Page
Hill Top Tavern
THE
Knights” Rock ‘N Roll
Lal
Famous
Selec
Ton
Ae Ea Oon
Spike
Jamaica
Aes Ro
U. S
Lewis Drugs
Ours
Enone Gadmearees
Wm. Schaeffer
Schomer Hldg
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