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This newspaper page contains 14 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Sep 07, 1957
Page
8
NYs business tone cooled as metals weaken and inventories rise while construction hits a record August. Automobiles shift to 1958 models. consumer credit climbs, yet lenders worry about stretched terms and future demand amid a wary steel and metal sector.
A market summary notes fall months boost business and consumer buying drives gross national product. Personal consumption remains dominant at about 64 percent of GNP, with 1958 model automobile retail as a key to future demand. Industrial production shows mixed signals but a near term rebound is possible if rail and low-interest trends hold. The article cites Chrysler production cuts and August car output figures as part of the trend analysis.
The widower of a Japanese woman shot by William Girard opposes U S sympathy payments and a proposed 315,00 damage award. He cites family pain and taunts, while Congress debates a larger award amid ongoing court recess and local reactions.
Fifty-one contestants vie for the Miss America crown as Atlantic City hosts the final prelims at Convention Hall. The talent winners include Miss North Carolina Elaine Kerndon and Miss Oregon Judith Hansen, with others from Pennsylvania and Indiana earning top honors. A dramatic aria mishap by Hansen and a last minute presentation change are recounted amid the buildup to the week-long contest.
Marvin Mallis of West Bloomfield survived a five day ordeal after his boatmates Dr. Donald Aiken and Richard Gardner disappeared in Lake Michigan waters near Presque Isle County. Mallis, hospitalized in Michigan, told police of the two companions blown overboard during a gale. The wreckage was spotted Friday by a freighter crew, and rescue tugs found Mallis tied to the mast. Authorities described the case as a tragic Libor Day outing with possible drownings.
President Giovan ni Gronchi departs Rome by plane for a five day visit to Iran aimed at fostering friendly contacts with Reza Pahlavi and the Iranian government.
City permits and contracts appear in scattered figures with several names and places. Many entries reference hotel work additions and storefront alterations, plus a swimming pool project and various repairs.</s>
German court martial sentences two U S Army soldiers from Chicago to five years in prison for beating a Munich taxi driver. Privates Willie J. Brown and Samuel Simpkins, both 20, are dishonorably discharged and must forfeit pay. Sentence subject to review.
In New Orleans the McCloud escape spurred suspension of detectives Wilfinger and Cohen. They funded a cross country pursuit after McCloud, a 27 year old tied to prior robberies and rapes, slipped from custody in Chicago. St. Tammany Parish deputies captured him Friday, ending a 1000 mile search under scrutiny.
Idaho Maryland Mines Corp of Grass Valley will seek Sept 20 stockholder approval in San Francisco to acquire Schroeder Manufacturing Inc of 1740 Cowles St. Long Beach produces aircraft valves and accessories. The deal would be by issuance of 400,066 Idaho Maryland 50 cent par value common shares for all Schroeder shares owned by Frederick W. Richmond. Bert C. Austin, president, said the move follows declining profitability in mining operations.
In St Louis, All-Picket Lines shut down the St Louis Post Dispatch and the Globe Democrat at 5 am as Local No 1 electricians strike for higher wages. Post Dispatch radio and TV stations KSD and KSD TV also closed. Union says contract expired at midnight with talks stalled. Reporters and workers observed the picket lines as the strike began.
Investors watched trust valuations fluctuate as market volatility persisted. Analysts warned of caution amid uncertain growth prospects, while some funds sought diversification and liquidity. The sector faced continued scrutiny from regulators over disclosure and risk management practices.
Lincoln police detained World War II sergeant Jonn Bozeia Provoo, 40, and 26 year old Annapolis man in a Lincoln rooming house on an open charge related to a missing youth, Robert Lane. Provoo, once convicted for treason but freed by a 1954 appeals court, claimed Lane left with him due to parental fighting and police planned to keep Lane away until he reached age.
Long Beach Democrats Friday accused Arkansas Governor Orval Faubus of undemocratic action in using federally supported National Guard to block school integration. Telegram from Zila Remley and Raymond C. Simp son condemned the move as autocratic and contrary to the Constitution.
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