European Stars And Stripes (Newspaper) - July 10, 1958, Darmstadt, Hesse The stars and stripes july business hopeful As 2d half of 1958 begins new York up has entered the second half of this year with Hopes High and fingers there Are still enough storm Sig on the horizon to temper but the general feeling is that the final six months of 1958 will be better than the first the construction Industry is picking up which bodes Well for the in awarded for future construction Rose to highest for any month on Lodge said an in crease in housing contracts and a Sharp Rise in publicly financed projects were chiefly responsible for the May tace government reported that the Dollar value of construction put in place in the first six months Rose million above a year ago for train crewman death Patci Tyzak to the physical volume of construction work higher accounted for the increase in Dollar the Auto int Tatry experienced its poorest first half since and volume for the 1938 Model year is expected to be Down 30 per expert anticipate that sales of 1959 Model which will make their appearance in the j will top the million units now estimated for steel output slips Stool production slipped off last partly reflecting the july activity in Many lines curtailed by the steel a Trade estimated that the Industry i volume this your will run some 5 per cent below the record Bil j icon recorded in steel work ers got an automatic pay increase on july but still Are debating whether to raise last week president Eisenhower i signed into Law a tax Bill calling j for repeal of the 3 per cent fed eral excise tax on freight transport this move will save Indus try millions of dollars a take just oni As an a Strel firm must pay the per int tax on ship ments of raw materials to its including Iron 1 scrap and the tax is paid again when the finished steel is j shipped to such As the Auto the tax is a Jairt on the ears shipped to tax Pyramid Railroad fireman William of Hud was killed when the engine of a new York Central freight slowed into the caboose of another freight in the investigators the first train had stopped to remove rail ties Pat on the by photo steamship lines putting new vessels into growing Caribbean cruise service Washington up the known for three ceh As tile Cradle of i fast assuming a new identity As the Cradle of cruise the Grace ones new de luxe Santa which Cost sailed from new York re on its first voyage to dest nations in the Spanish main and later this a sister the Santa will enter and tie new Moor Mccormack liners Brasil and Argentina will Call at Trinidad and Barbados ports on their routes Between new York and the East coast of South Amer dutch swedish Marine lines Are known to share the interest of american in the rising traffic Poten tial of the Caribbean dependencies of the nether lands and France in the area Are becoming aware that they can warn dollars from tourism which they could not expect from Mer Chandise Active attention to the area the maritime world is Long swig floors teen for Long count Ufi Bill Kwa that he Coald guide m pint of whisky without taking it but Wudea he bit pm he Fere Faier a supported by Many geographical political and economic is it results from the eco nomic growth of most of the coun tries bordering the Bui from a maritime standpoint it Means the Caribbean has special attractions in proximity t the and local scenery Ane Way of life which suggest an expanding pleasure travel the regular 12day cruise itinerary of the Santa and later of the Santa Calls for stops at Netherlands West ind ies la Xen Zuela Jamaica and port this itinerary suggests some of the background factors which Are font routing to the maritime importance of the vast Market la Glaira is port Tot capital of country where economic develop ment has produced a targe number of additional sea both for business and there is a Prospect that Many of travellers will now take the Opportunity to visit Florida and Mew York on the some the Call at port near thus has More than casual it indicates thai the Grace line will by to tap the vast travel Market of where tourists come annually with about Mill ton n spending British Jamaica and the Bahama islands have made tremendous Progress in the attraction in North american tourists in postwar Curacao rises in favor because of new hotels and extraordinary opportunities for tourist Cartagena is not on the Santa Rosa but this coi Pabian port is served by other Grace line cruise More than 75 per cent of trav Elers to the Caribbean area went for fourteen per cent made the trip for business or for combined reasons of business and while eight per cent made the trip for other principally family eight of every nine travellers to the Caribbean made the trip by the Marine carriers will a strenuous Effort to get a larger since this tax must be considered in Llu Cost of doing Busi it is reflected in the Price by Tine time a product reaches the this one tax has Pyra Mided to the Point where Consumers Are being the tax a nonprofit group to More efficient slates flatly that Only people pay the Trou ble with taxes like this one is that they Are hidden in the Price paid for a most dont realize the tax Load they Are forced to the parts Are of the Alaska statehood Bill last week was Good news for a number of including makers of maps and probably the Only thing Hurt by alaskan statehood is Texas stealing of is just stuff Glass who broke into the Parson age of the Southside Church of the Nazarene got their just police said the thieves fled with or there was Only one the currency was play the property of the ministers Chil the burglars got nothing Marshall Mother of the new talking Champ after chattering Blue Streak for 93 hours utes 9 this exceeded 92hour record set in hut Asp tells about itself in 6best seller Washington up know who the president w or what he does or what Hes head of the government has a Book hat off the presses that answers Szefc questions for it also explains in about words the functions of Federal officials in each unit at legislative and in 29 pages of tiny Type it offers no Means Complete of government in ranging from revised of supreme court to buying Aag cooking fish and the 793page Book act the 199mt edition of the United Ern ment organization which the National records service puts out every it Sells for a copy Mill it available from the of documents at the cover a met printing office in the general services administration to which the National archives billed the Tion As a perennial Best with sales upwards of last it says in Bucuk and White that the president of the is d Wight it furthermore reports president is the head of the executive Branch of of tit which serous both temporary and As Well us the Jet executive from red Ink to Green Light railroads see end of Tunnel new York ailing Railroad its troubles com pounded by the business is hopeful of Riding out its slump under the steam of new pro Aii Roui signs of a clearer track ahead for an Industry slowed by heavy declining rail traffic and relink passenger operations Are beginning to car loadings a Good indicator business in been the 3 per cent Federal excise tax on freight transportation has been repealed and both houses of Congress Are working on legis to Tion that should enable the rail roads to open the throttle a Little the first half wat a rough for the earnings wore Down sharply and some of the big Eastern such As the new York Central and operated deep in the Standard poors estimated at midyear that the Railroad Industry will report aggregate net income of million in 1958 against million in the 1958 estimate would be the lowest since when the carriers earned j438 Mil lion after in the first five months of railroads earned an aggregate of Down sharply from the million in the same period Standard a poors said the Gap Between 1968 and 1957 will be narrowed steadily during the remaining months of the with the possibility that famines in the final months of 1558 Ariy fairly closely approach those a year the legislation before Concrete Calls for financial help to the including gave meet tees of Loans to railroads of up to the Bill also would make t easier for carriers to continue unprofitable in an Effort to solve their railroads also Art Tivey looking into the possibility of going Down the merger the new York Central and Penn Sylvania Are studying a a three Way consolidation of tet Delaware it Hudson Lackawanna also pc in the
