Autumn upturn hints in 1959 business week
The week saw cautious optimism from Commerce Secretary Sinclair Weeks about a fall pickup as industrial output rises, employment steadies, and consumer sentiment improves. Wall Street posted gains despite Ford’s dividend cut while a large cash deficit forecast for the new federal fiscal year underpins hopes of a rebound, aided by stronger auto interest and potential steel and mining upswings.
MENTIONED IN THIS ARTICLE
New York
Commerce
Sinclair Weeks
Wall Street
Commerce Secretary
Uncle Sam
Treasury
Detroit
Pittsburgh
Boy Held Hostage by Gunman in Los Angeles Home
A 25-year-old laborer shot his landlord Nathaniel Meyers 52 in the lower abdomen and barricaded himself with the victim's 7-year-old son in the living room at 1211 E 7th St. Police used teargas to force surrender after five shots rang out. the boy was unharmed. Spencer Walker, the suspect, was booked on suspicion of assault with intent to commit murder.
MENTIONED IN THIS ARTICLE
Los Angeles
CNL
Angeles
7Th St. H
Nathaniel Meyer
Central Receiving Hospital
General Hospital
Spencer Walker
Meyers
Newton
Walker
Phanice Valerie
Margarita
Joseph
Marsar
Tijuana
Thurch
L A Gang Rackets Probe Moves Ahead in Hearings
Washington reports the Senate Rackets Committee plans resumed public hearings on gang influence in labor unions and businesses coast to coast. Noted Chicago gangster Tony Accardo and aides faced questions about extortion, kickbacks, and a 1954 murder claim against attorney Anthony Champagne.
MENTIONED IN THIS ARTICLE
Washington
Robert
F. Kennedy
Senate
Kennedy
Chicago
Detroit
New York
Pennsyl Jhania
Miami
Los Angeles
Tony Accardo
Anthony B. Champagne
Accardo
Champagne
Lavern J. Detly
Costello Due Back to Serve Sentence
Frank Costello, 67, is to begin serving the remaining part of a five year sentence for income tax evasion next Thursday. He had served 11 months and was released March 6 1956 pending appeal. The U S Supreme Court last month refused to review Costello's case, clearing the way for his return.
MENTIONED IN THIS ARTICLE
New York
UFS
Frank Costello
Costello
U. S. Supreme Court
Castello
Trend of Security Prices for Past Week Analyzed
Analyzed by Paul H. MacGregor and colleagues at Hutton & Co. discuss stock market trends from mid 1958, noting a slow, uneven recovery post-recession fears, the impact of inventory changes, and early indicators from new orders and GE appliance sales. They point to reinforced investment flows during a July reinvestment period and caution on potential declines if news worsens.
MENTIONED IN THIS ARTICLE
Paul H. Macgregor
HW. DE LA Carpelle
Z. F. Hutton & Co
Anita Paine
Webber, Jackson & Curtis
FRB
Dex
Standard & Poor
National Screw Machine Products Assn
General Electric
Dow
Glenn G. Munn
New York
Bomb Plot at Bank Ends with Immigrant Suspects in Jail
Hollywood officials report a bomb scare at a local branch where Dutch immigrants Pieter Schouteren and Joseph Dieters were detained after presenting a box with a note threatening a holdup. Police found no bombs. Dieters said he received the box via a mysterious job offer through a classified ad.
MENTIONED IN THIS ARTICLE
Hollywood
Pieter Schouteren
Joseph Dieters
Earl Alexander
Alexander
Scouteren and
Dieters
Oo Dieters
Boy, 4, Unhurt After Perilous Sewer Jaunt
In Suitland Maryland a 4 year old boy was swept into a storm sewer pipe during play. A brother shouted Jimmy is in the sewer as workers and a passerby pulled him to safety. The child sustained serious injuries while rescue teams arrived.
MENTIONED IN THIS ARTICLE
Suitland
Jimmy
Rob
Jert Hayden
James Iayden
Ing
James
Two Louisiana Officers Slain and Killer Seized
In Mandeville two policemen Gus Gill and Jake Galloway were found dead from shotgun wounds. A suspect Maurice Bickham was captured in Baton Rouge after a stolen car was found abandoned near Sorrento. Police report Bickham confessed to the killings and said he was shot in the stomach twice.
MENTIONED IN THIS ARTICLE
Mandeville
Baton Rouge
Gus Gill
Jake Galloway
Maurice Bickham
Sorrento
A. Negro
Bickham
Gill
Galloway
Lake Pontchartrail
New Orleans
Oscar Liuzza
Accuse Dozen Yanks for Beating Up Man
A 56 year old Norwegian postal official said he was beaten by about a dozen American sailors in Oslo’s Royal Park Trygve Heider received medical treatment as U S Navy shore patrol and Norwegian police investigated The Navy gave no comment and police saw no reason to doubt the man The visit involves about 4500 American servicemen aboard the carrier Intrepid and cruiser Macon
MENTIONED IN THIS ARTICLE
Oslo
Norway
Royal Park
Trygve
Heider
U.S. Navy
Navy
Intrepid
Macon
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Walter Breede JR
Presa Business
L. A. Gang
Industrial
Aker Abe Jeanrg
ComBteck
MasaLivera
Natseckerr
aitFund Woe Tobacco
NatBeckerBd
Nsstncome
HamtrdHerazee Tock
Ei CapitalVentu
Incerpincom
Tay Incor
Pea Jessecur
Hinstitgrowpd
Tnstitround
Brita A
Lostiginsure
IntiResearch
Euritan
Scud Bt&ciced Stecce
Diversgrosik Stegatone Cus
Ams
Diverelnyi Bez
Shareniare
Sowsatlevent
Earone
Boveri
Euteinssuira
ValuelLinesa
Loomiasaym
Washsiutin
Automad
Watlington Pdwh
Aviation
Whitehall
GenIndust Za Aba Wi Onined
Louisiana
Independent Press-Telegram
Gadiren
Baste
Gandy
Mute
Long Beach Area
Mildred Tlanary
Independent
Press-Telegram
6Th and Pine
Long Beach
Enteses
The
Independent, Press-Telegram
Ames
IPT
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