A copyright renewal search was conducted at copyright.gov using "Globe Photos" and "Mirror Enterprises Syndicate". There was no information on Mirror Enterprises and no renewals for Globe Photos. The listings for Globe Photos were new applications and didn't at all pertain to this photo. A search for The Times in 1954 at copyright.gov did not produce any results. There appears to be no continuing copyright claims on this photo.
Note that it may still be copyrighted in jurisdictions that do not apply the rule of the shorter term for US works (depending on the date of the author's death), such as Canada (70 years p.m.a.), Mainland China (50 years p.m.a., not Hong Kong or Macao), Germany (70 years p.m.a.), Mexico (100 years p.m.a.), Switzerland (70 years p.m.a.), and other countries with individual treaties.