Time Clock, Jan. 20, 1958

STEEL PRICE BOOST of $5 to $7 a ton is coming in July. Steelmen are resigned to rise even if demand remains soft. One major reason: steelworkers' wages go up automatically July 1, and they will get additional hike if cost-of-living rise continues.

AUTOMOBILE TV for back-seat passengers is being readied by Oldsmobile, which hopes to offer it as optional equipment on 1959 models. Set has 9-in. screen, fits into holder behind front seat, but can be removed for viewing outside car.

DEFENSE CONTRACTS written during calendar 1958 will spurt to $23.2 billion v....

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