Time Clock, Jul. 22, 1957

MEAT PRICES, which accounted for 20% of cost-of-living index boost since December, will stay high for another year. Livestock herds are low, will not reach another cyclical peak until 1959.

FIRST TELEPHONE CABLES from California to Hawaii will be laid under Pacific Ocean to supplement radiophone service. American Telephone & Telegraph Co. and Hawaiian Telephone Co. are spending $37 million on two 2,400-mile cables, which by fall will carry 36 simultaneous conversations, permit direct dialing by operators between Hawaii and 6,500 U.S. communities.

GAS INDUSTRY, now increasing its list of 30 million U.S. customers...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!