Power Shifts in 1958 Cars Haul Bigger Engines In
Auto makers plan larger engines for 1958 with horsepower rising beyond 300 in several models. The shift emphasizes safety and comfort over raw power, with many firms keeping actual horsepower figures undisclosed. Units like unitized construction and air suspension appear, while fuel injection gains momentum as an optional upgrade.
MENTIONED IN THIS ARTICLE
David J. Wilkie
Detroit
Ford
Chrysler
New
American Motors
Nash and Hudson
Cadillac
Chevrolet
Wheat quotas on 1958 crop face decisive 36 state vote
Farmers in 36 states vote on continuing federal marketing quotas for the 1958 wheat crop in a referendum with implications for other farm programs and next year’s elections. Supporters fear price declines and broader controls, while some producers see potential gains from unrestricted output.
MENTIONED IN THIS ARTICLE
Washington
Congress
Modern Hotel To Adorn Site Of The St. Louis
A new modern hotel costing over 6 million dollars will rise on the site of the historic St. Louis hotel in New Orleans French Quarter. Royal St. Louis Inc and Hotel Corporation of America announce a 350 room structure designed in French Quarter style, to be completed in fall 1959. The St. Louis hotel, opened in 1838, hosted Creole society and notable figures like Henry Clay, President McKinley, and Adelina Patti.
MENTIONED IN THIS ARTICLE
New Orleans
St. Louis
Edgar B. Stern ,Jr
Royal St. Louis, Inc
Roger P. Sonnabend
Boston
Hotel Corporation of America
Henry Clay
McKinley
Adelina Patte
Cotton Futures Climb Slower As 1957 Loan Outlook Lifts Prices
New York June 15 The cotton futures market rose this week though at a slower pace with gains from 15 cents to 4.00 a bale. July gained least while October led with the largest rise. Most futures hit life-of-contract highs as traders bet the 1957 loan rate stays above the guaranteed minimum and anticipate no new farm price law before 1958. Profit taking trimmed advances amid improved southwest weather and expectations of larger free cotton carryover.
MENTIONED IN THIS ARTICLE
New York
Congress
New York Cotton Exchange Service Bureau
Rep Thompson Pushes Surplus Cotton Bill for Distributions
Rep T A Thompson of Ville Platte urged the House Agriculture Committee to authorize government distribution of surplus cotton as blankets sheets and mattresses. He said the plan would not cut existing cotton goods levels and would aid the needy and textile industry while benefiting cotton producers. Committee Chairman Cooley expressed approval and the panel awaits an Agriculture Department report.
MENTIONED IN THIS ARTICLE
Washington
T. A. Thompson
Ville Platte
House Agriculture Committee
Secretary of Agriculture
Thompson
Harold D. Cooley
N. C
U. S. Department of Agriculture
Texas Eastern Authorized To Expand Projects
Texas Eastern and its Texas Eastern Penn Jersey Transmission unit win authorization to expand with about 110 000 MCF daily capacity. Total project cost around 30.3 million dollars, with 25.9 million on the parent and 4.4 million on Penn Jersey. Plans add 67 610 horsepower of compression and 137 miles of pipeline and extend 30 inch line from Beaumort Texas to Kosciusko Mississippi with specific horsepower boosts at Opelousas St Francisville and Mississippi points. Construction starts now with completion by September 1 this year.
MENTIONED IN THIS ARTICLE
Shreveport
UP Corp
Texas Eastern Penn-Jersey Transmission Corp
Penn-Jersey
Texas Eastern
Beaumort
Tex
Kosciusko
Miss
Opelousas
St. Francisville
Mississippi
Conservation Report Details Drilling Activity Across Multiple Fields
The Monroe District logs 20 new drilling applications, 21 active rigs, and two abandonments for the week. New wells span LIGN and other fields, with locations varying by section and feet from corners. active rigs in Concordia, Franklin, and Ouchefield areas report spuds, pipe depths, and testing progress.
MENTIONED IN THIS ARTICLE
Monroe
State Conservation Department
Union Wildcat
Carter OU Co
Wells, Jr
Monroe Field
Olin Gas Trans. Corp
Fee Gas
Olin Gas Trans Corp
Fee Gas No
la. Gas Prod. Co. la. Gas Lands No
la. Gas Prod. Co. la. Gas Lands
Catahoula
Concordia Horseshoe
Fred E. Simmons, Jr
Carpenter
Pan American Pet. Corp TL. James and Co. Inc
Bull Creek
Carter Otto Hicks-Cook
Week of stock highs and panic illness sparks market surge
This week in stock exchange history features the President's illness triggering a market convulsion and industrial shares closing at a 10 month high. The Dow Jones averages show gains for industrials rails and utilities with tech names like Allied Chemical Du Pont and Eastman Kodak reporting advances.
MENTIONED IN THIS ARTICLE
Elmer C. Walzer
United Press
New York
Stock Exchange
White House
Rails
Utilities
Standard & Poor's
Justice Department
Bethlehem Steel
Youngstown Sheet & Tube
William Martin
Federal Reserve
Getty Oil Group
Olin Mathieson
Revon
Schering
Dobeckman
Dow Chemical
Chrysler
A. M. Byers
Lukens Steel
Allied Chemical
DuPont
Eastman Kodak
General
Alcoa
Kennecott
Canadian Auto Executive Reviews TV Advertising Monster
MINAKI Ont June 15 A Canadian automobile executive C C Hurry vice president in charge of sales Chrysler Corp says television advertising is a monster that must be tamed He notes 65 US network shows cancelled or not renewed and urges advertisers to seek fair returns for services The executive calls for shared responsibility between client and agency while Canadian firms proceed cautiously toward big time network TV.
MENTIONED IN THIS ARTICLE
Minaki
C. C. Hurry
Chrysler Cor
Canadian Federation of Advertising and Sales Clubs
U S
Experts Say Early Tax Cuts Believed Out
Washington reports that Treasury Secretary Humphrey and Federal Reserve Chairman Martin tell a Senate subcommittee that inflation and rising government costs rule out an early income tax cut. They warn a cut without trimming spending could fuel inflation and erase any budget surplus.
MENTIONED IN THIS ARTICLE
Washington
William McChesney Martin Jr
Federal Reserve Board
Martin
Humphrey
Senate
House
Delta President To Take Witness Stand In Dallas
Delta Air Lines President C. E. Woolman will testify as the Civil Aeronautics Board resumes hearings on the Dallas West Coast air route bid. Delta ranks among eight airlines seeking the route with plans for 13 round trips daily from Dallas Fort Worth to a wide west coast network including Lubbock El Paso Albuquerque Las Vegas and San Francisco.
MENTIONED IN THIS ARTICLE
Dallas
Delta Air Lines
C. E. Woolman
Dallas-West Coast
Civil Aeronautics Board
Delta
W. V. Costello
Roelof H. W. Copes van Hasselt
Dallas- Fort Worth
Lubbock
el Paso
Albuquerque
Las Vegas
Tucson
Phoenix
San Diego
Los Angeles
San Francisco
Oakland
Thomas L. Wrenn
Grains Survive Board Influence on Wheat Futures
CHICAGO June 15 The grain futures market endured a major bearish influence from the Board of Trade this week but prices stayed largely steady amid late rallies from harvest weather. Corn oats and rye posted weekly gains while soybeans showed mixed moves with July the weakest. Old wheat closed 3% to 34 higher. new wheat up modestly. corn up 2% to 2%. oats 1 to 1% higher. soybeans 5 higher to 1 cent lower. lard down 18 to 40 cents per hundred pounds. The key question remains if farmers will approve quotas for the 1958 wheat crop at Thursday's referendum.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Harris-O’Hara natural gas bill gains momentum in House
Washington special reports sponsors optimistic as Eisenhower letter eases obstacles before a House Interstate Commerce Committee session. leaders expect a close vote with 2 to 3 margin, aiming final action after July 4. main push: exempt producers from federal price controls while preserving some regulation.
MENTIONED IN THIS ARTICLE
Washington, D. C
House Interstate Commerce Committee
Eisenhower
Oren Harris
House
Harris
Sam Rayburn
Harris-O'Hara
House Rules Committee
Interstwe Commerce Committee
Rayburn
Charles Kendall
Office of Defense Mobilization
GOP
Joseph Martin
Martin Dies
Walter Rogers
Texas
Bruce Alger
John Bell Williams
Miss
United States Supreme Court
Phillips Petroleum Company
Supreme Court
Man finds chewed wallet after loss in Muskegon dog house
Charles Hutchins reported losing $438 to sheriff deputies then searched the family dog Penny's house. The wallet and money were found chewed in Penny’s dog house and Hutchins bought the dog a steak. Meanwhile Brazil forms an electric power firm to develop Furnas on the Rio Grande between Minas Gerais and Sao Paulo.
MENTIONED IN THIS ARTICLE
Muskegon, Mich
Charles Hutchins
Penny
Brazil
Furnas
Rio Grande River
Minas Gerais
Saoaulo
Local Business Briefs Highlight Promotions and Prizes
Mercury dealer leaders win Dream Holiday trips for top sales in seven southern states. E W Crowley earns a week’s trip with Lamar Life Insurance in Monroe. Jack D Bolin named general manager at Lennon Motor Co. Olds Cadillac dealer A T Van Veekhoven wins color TV for Memphis zone used car sales. Danna’s Shoe Shop installs Cinderella 4% Model Auto Saler to fix heel splits. Riser’s Dairy sold near West Monroe to Green Bros Dairy for 20000 dollars with retiring owners’ trucks and lists.
MENTIONED IN THIS ARTICLE
Jack D. Bolin
Lennon Motor Company
Hugh S. Lennon
Buick
Bolin
Jackson
Miss
General Motors
A. T. van Veekhoven
Memphis
Riser
West Monroe
John
Ed Green
Green Bros. Dairy
Bastrop
Fred
Melvin Riser
Also Mentioned on This Page
Lincoln
By Ovid A. Martin
Agriculture Department
Pacific Northwest
Benson
Hegh AS
Gulfco Finance Office
of Or
U. S
Service Bureau
Conservation Report
Linconea
Pet. Inc
H. L. Rowley
Special
Madison Oil and Development Co
Franklin South
Big Creek
Floyd Oil Co Inc
J. Conners
LA Salle
Nebo 611 Co. Inc
Nebo Fee
Nebo Oi Co. Inc
Mobley and Stephens, Tremont Lumber Co
Little Creek
Justiss Mears Oil Co. Inc
B. T. Gallagher Et al
Regers
Nebo Oil Co
Tullos Urania
J. B. Nehls
Hall
Richland Wildcat Field
Whelese Drilling Co
J. M Sartor
Holly Ridge
Union Prod. Co
Penrod-Jarden
Killens Ferry
Robert R Roberts
al C. M
L Ayer
Anron
Franklin
Jett Drilling Co
Newel
Murphy Sun Oil Co
J. E Holt
R. D. Phillips
J. Summers
Lift Oi Co
Ark. Fuel Oil Co
Tremont Lumber Co
Bert and Glen Lee
Urania Lumber Co. Ltd
Harter Oil Co
Edenborn
Ovachita
Wildcat
Ark. la
Lake Formosa
Jett Drilling Co. Inc
Fisher Lumber Corp
Averas
Associated Press
Secretary of the Treasury
Mills
D-Ark
Ways and Means
WALL
W. S
Bill) Jackson
Mercury
Mrs. Jackson
San Juan
Puerto Rico
E. W. Crowley
Lamar Life Insurance Company
Danna
Jackson Street
Leon Danna
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