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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Troy Record
Location
Troy, New York, United States of America
Date
Aug 08, 1958
Page
10
A fragmented financial column cites traders and analysts discussing mutual funds, stock valuations, and speculative themes. It mentions activation deals, client focus, and questions on profitability, with references to various investors and firms.
Economists debate how much inflation will affect the public as wage gains and basic goods costs rise. Analysts note wage growth lags price increases yet warn consumer prices could accelerate, influencing corporate pricing strategies and household budgets amid uncertain policy signals.
Residents of White Church oppose a proposed Cropsville Poestown highway reroute that would cut through the hamlet. Trustees and engineers discuss moving the road west to protect church and yard trees, curb parking loss, and minimize disruption.
President Eisenhower signed a reorganization bill creating a streamlined defense command. The act removes individual service secretaries from the chain of command and places power under a single defense director and the joint chiefs. The overhaul aims to tighten control over strategic forces and planning while preserving civilian leadership.
Washington United Press report states playwright Arthur Miller, husband of Marilyn Monroe, was acquitted of contempt of Congress charges tied to his testimony before a House committee. The ruling, issued by the full Court of Appeals, centers on Miller’s refusal to answer certain questions and the committee’s handling of the proceedings. Miller’s lawyers argued the questions were not pertinent to the matter at hand, while the court noted the director of the proceedings remained suspended. The decision emphasizes limits of congressional inquiry and cites a ruling that pressing beyond permissible questions could lead to contempt findings.
Japan imported 760000 tons of glass products as export volumes surged with shipments to Sauitineant, Avia, and the Middle East. Officials warn of foreign exchange impacts as glass makers seek new markets and balance trade.
In Silver Spring a receiver powered by radiated energy from television signals was described. The device, marketed by Ro Cran of Silver Spring, claims to convert electromagnetic energy into usable power. Some receivers reportedly provide enough energy to operate a Pernanc Abyangiet speaker, with varied versions offering differing output levels.
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