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Newspaper
Raleigh Register
Location
Beckley, West Virginia, United States of America
Date
Mar 01, 1957
Page
5
New York reports cautious business outlook with production cuts, reduced auto output, and weaker steel shipments. Manufacturers like General Motors trim Chevrolet output by 19.3 percent from a year ago while some textile mills shift to five day weeks. Consumer spending remains high but purchases of cars and appliances slow as price pressure increases.
Military personnel from Beckley and area are listed in active duty or recent postings. Names include Dewey X. King and Wayne Richmond overseas in Japan and Germany, with training at Sampson, Lackland, Amarillo, and Tennessee centers. Other locals serve aboard ships, in Guam, Okinawa, and Europe, reflecting a broad Air Force and Army deployment.
Doctor Grady Barton on vacation from Chicago hospitals arrives in a Wisconsin town for a gas stop and a medical emergency prompts a life-changing offer. A displaced Polish doctor Tommy Tomyanovic and local officials push Grady toward a general practice and an administrative role as the town weighs a new doctor and clinic.
Correspondent David Mason reports from the Algerian Sahara on French attempts to extract high grade crude at Hassi Messaoud. He details transport challenges to Mediterranean ports, the Algiers revolt, and American involvement in geological work under French contracts as exploration progresses. The piece notes water wells for crews and the ongoing nationalist conflict shaping prospects for a Western oil source.
ABC undertakes a bold fall slate led by Oliver Treyz with Frank Sinatra debuting a live hour show and a Friday half hour film series, Pat Boone launching a regular program on Oct 3, and Disney producing new specials and an action film The Sign of Zero while Navy themed Annapolis episodes roll out with Castle.
Secretary of the Treasury George M. Humphrey says the United States has no inexhaustible money well. He argues federal spending must be curbed or the country will face a bleak mood and rising debt as taxes fund projects from bridges to highways.
Mirror reports that among 697 large firms in 1956, total after tax profits fell 1.6 percent from 1955 as declines in autos steel electric equipment and railroads offset gains in coal and utilities while overall gross earnings rose about 1.6 percent to just under 434.0 billion dollars.
Wayne Morris, an Angeleno actor once a Warner stalwart, prepares to star in Paths of Glory with Kirk Douglas and others for Byron Productions. Morris, aged 43, seeks a career comeback as he shifts from leading roles to character parts, describing a long screen hiatus and wartime service.
A survey of New York and various exchanges shows mixed results as price tags across steel, oil, chemicals, autos, and utilities shift. Major names like Armour, Ford, General Electric, and Coca Cola appear with varied gains and losses reflecting sector momentum and market sentiment.
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