Word: first-half
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LIFE-INSURANCE boom is stalled by recession. First-half sales fell 3% below last year...
There were significant items on the brighter side. In food, Safeway Stores showed that consumers are going right on buying, with sales up 4% to almost $1 billion for 1958's first 24 weeks and a record profit of $14.9 million, up more than 7% over last year. In electronics, International Business Machines reported first-half sales in the U.S. of $564.6 million (up 19%) and earnings of $50.6 million (up 20%), both new records...
Viewing the general condition with considerable alarm, members of Houston's Junior Chamber of Commerce organized a group bluntly called the Murdertown Committee, sent observers to Chicago (murders, first-half 1957: 131) to study crime-prevention methods. Other Houstonians, scanning the city's growing, two-fisted boomtown bustle, agree that the committee will have to work fast. At week's end Murdertown notched up its eleventh murder for 1958-a good head start on last year's record...
...Road Ahead. At the beginning of 1957, businessmen and economists were unanimous about the outlook: the first six months would be great, but then there might be trouble. At the beginning of 1958, the crystal-ball gazers are once more unanimous-but with a difference: the new year will see a sharp dip during the first half, followed by an upturn in the last six months, helped along by big increases in Government spending. Will the first-half softening lead to price cuts in key industries? The answer seems to be no. Few industries, as demand eased, were talking...
Wilt's home-town rooters were more than satisfied. The asparagus stalk they used to know has developed into an extraordinarily graceful giant. When his slow-starting teammates let St. Joseph's sneak into a first-half lead (26-23), Wilt took command, collected passes from all over the court, and showed his familiar skill at dunking scores. On defense, his long arms wove a screen in front of St. Joseph's basket. With time to regain their poise before the Wilt-worshiping crowd, Wilt's teammates turned to, added 35 points to Wilt...