Time Clock, Aug. 5, 1957

ALASKAN OIL FIND is starting one of biggest land-claim races in Anchorage area since Gold Rush days. After years of wildcatting, Richfield Oil Corp. hit oil on Kenai Peninsula in what may be the "biggest strike in our company's history." Within hours of discovery, prospectors filed for leases on 213,260 acres of potential oil land.

GUARANTEED ANNUAL WAGE will be next goal of International Union of Electrical Workers. Worried about layoffs caused by slumping appliance sales, powerful I.U.E. (membership: over 400,000) will push for supplementary unemployment benefits—similar to those already won by auto,...

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