Signposts Pointing Lower Amid Bright Spots In Economy
New York business signs show mixed signals as markets hit yearly highs while retailers report April declines. Oil steel shoes and textiles leaders foresee recovery as Fed and First National City Bank see bottoming trends. An Eisenhower advisory panel urges a one year wage and price moratorium to curb inflation. Philco cuts salaries for 4000 executives.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Bank of New York
First National City Bank
W. T
Montgomery Ward
Eisenhower
Busines Adviory Council
Philco
US industry and jobs show mixed March results
Bethlehem Steel restarted two furnaces at Lackawanna plant while U S factory payrolls fell 271 000 last month. Unemployed 15 weeks or more hit 1 900 000, a post 1941 high. New car inventories stood at 800 000 on May 1. Hotpoint halted Elk Grove appliance plant construction. U S exports totaled 1 345 billion in March, down 27 percent from March 1957.
MENTIONED IN THIS ARTICLE
Bethlehem Steel Corp
Lackawanna, N. Y
U. S
Hotpoint Co
General Electric Co
Elk Grove
U.S
Clergymen May Elect Social Security Coverage by 1959
Clergymen may elect Social Security coverage as self employed under the old act. 1957 amendments extend the filing window to April 15, 1959 for those who did not file a waiver by 1957. Mandatory coverage applies for 1956 and later if net self employment earnings reach 400 yearly. Earnings include rental value of furnished quarters and meals lodging. Winchester office at 117 W Boscawen St MO 2 3846.
MENTIONED IN THIS ARTICLE
Lamont Williamson
Winchester
Social Security Office
Social Security
Internal Revenue Service
Social Securty
W. Boscawen Street
Telephone
Hercules Powder Company Employees Return to Work
Hercules Powder Company workers resumed production today after a five day strike ended with a wage and insurance benefits settlement. The United Mine Workers of America local and Hercules management reached an agreement Saturday covering 800 of 1,000 employees, expanding medical plans, vacation terms, and converting the Christmas bonus into a wage component.
MENTIONED IN THIS ARTICLE
Hopewell
Hercules Powder Co
United Mine Workers of America
Hercules Management
Insurance firm drops NAACP leader’s auto policy
Nationwide Insurance in Monroe North Carolina canceled Robert F Williams 33 president of the county NAACP chapter from comprehensive and collision coverage effective today. Company cited racial unrest and said rocks were thrown at Williams home and car prompting policy withdrawal. Williams has faced varied local disputes and police have at times not confirmed his reports of violence.
MENTIONED IN THIS ARTICLE
Monroe
N. C
Union County
Williams
The
National Assn. For the Advancement of Colored People
Charlotte
NAACP
Elton Parker
Insurance Company
Raleigh
Parker
Nationwide
Settlement Raises Average Hourly Wage Across Jobs
A company spokesman stated the settlement increases the average hourly wage from $2.23 to $2.32. The agreement also provides individual adjustments in several jobs and addresses working conditions including borrowing craftsmen.
Also Mentioned on This Page
Winchester Public Schools
John Kerr
Quarles
Virginia Avenue
Douglas
Acts of the General Assembly
Mom
Telephone Company
the Chesapeake & Potomac Telephone Company of
Virginia
Hercules Powder Company
Negro Leader’s
Nationwide Insurance Co
Robert F. Williams
National Hospital
Shenandoah Valley National Bank
Old — Strong Bank
Member
Federal Deposit Insurance Corporation
Tru
Adj
DAN River Poplin
Winchester’s Shopping Center
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