Monday, Nov. 11, 1957
THANKSGIVING TURKEYS this year will cost less than at any time since before World War II. Production will rise to record 80.6 million birds for 1957, and frozen stocks are 53% above a year ago. Manhattan supermarket sale prices are as low as 30-c- a Ib.
NEW TARIFF FIGHT will erupt over President's power to accept or reject recommendations by Tariff Commission. At issue is recent vote by commission calling for import quotas on clothespins. President Eisenhower has twice before turned down such recommendations, but if he refuses a third time, protectionists in Congress threaten to gang up, strip him of "peril-point" veto in tariff cases.
U.S. EXPORT SLOWDOWN is coming. Government economists figure that exports will run at annual rate of $18.5 billion in first half of 1958, v. $19.75 billion pace earlier this year.
TRUCK RATES will go up for second time this year because Jimmy Hoffa's central states conference teamsters are riding toward another pay raise. Midwest truckers are resigned to a boost in present $2.34 hourly minimum, possibly as much as 35-c-.
TOURIST BOOM will bring record revenues this year for transatlantic airlines and shipping companies. From June through September, airlines lifted 459,500 passengers across Atlantic, about a 21% gain over same period of last year. During same peak 1957 season, steamships carried a near-capacity 496,000 passengers v. 481,000 in summer of 1956, and this September and October showed a 16% rise over last year.
FEED-GRAIN CROP will grow to new high this year, slice pork prices next summer. Because of favorable weather and 47-million-ton carryover from surplus in earlier years, output of feed corn, oats, barley and grain sorghums will rise 6% to 213 million tons.
NEW INDUSTRY LURE is being pioneered by Maine and watched closely by other states. Bucking tight-money pinch, Maine legislature passed law to have state insure up to 90% of loans made for construction of new factories. Loans will be made to nonprofit corporations set up by Maine communities to hold title to a plant, lease it back to the new industry.
UNION MERGER between scandal-ridden Teamsters and racketeer-infested International Longshoremen's Association is in talking stage. I.L.A. President William Bradley is passing word to bosses of his locals that alliance is set for "about six months" after Teamsters are expelled from A.F.L.-C.I.O. for corruption.
DIOR'S SUCCESSOR may be brilliant French designer Pierre Cardin, 33, who helped late master create New Look before opening own fashion house. Others in the running: House of Dior Designers Yves Saint Laurent and Yorn Michaelsen, who worked closely with Dior. Company will probably coast along for a year on momentum and designs left by Dior, but test of its ability to continue Dior's flair will come in August with showing of big winter collection.
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