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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jan 06, 1958
Page
7
Edward W. Carter president of Broadway Hale Stores predicts 1958 will see a recovery after a gradual adjustment. He spoke at the National Retail Dry Goods Association convention as 5,000 executives from 2,300 stores register, with Canada sending a 32 member delegation.
Washington reports L. Lewis criticizes any move to expel unions as shooting the dog to remove the tick. He accuses leaders of fighting corruption and communism within unions, while noting the AFL CIO lacks police power to purge. Meany comments no immediate action against Reuther or UAW. San Francisco marks the UMW chief lauding the canning industry's 100th anniversary as a sign of stability.
California posted a record 1956-57 tax haul totaling 10.028 billion from local, state, and federal governments, up nearly a billion from 1955-56. State taxes reached 6.643 billion in federal receipts, second only to New York, with local property taxes at 1.568 billion and state sales and use taxes adding 603 million.
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