American Telephone plans stock issue and higher dividend
New York based AT and T plans to offer additional shares to stockholders and raise the quarterly dividend to 90 cents from 82 1 2 cents starting with the July 1961 payment. Rights to buy share issue will be mailed in March. B&O cuts 1961 dividend while signaling possible end year action. Corn Products recommends five cent dividend rise and a two for one stock split. Minute Maid to merge into Coca Cola pending Coca Cola approval. Bethlehem Steel and Youngstown Sheet plan to curtail Christmas operations.
MENTIONED IN THIS ARTICLE
Nesday
B&o
Baltimore
Ohio Railroad
Corn Products Co
William T Brady
Minute Maid Corp
Coca- Cola Co
Coca- Cola
Kennedy Studies Budget and Pentagon Post
President elect Kennedy tackles a tight budget amid a business slowdown and fills the Pentagon post with Roswell Gilpatric, a former Air Force undersecretary. He appoints advisers, reviews the 80 billion dollar plan, and signals possible education spending growth while aiming for a balanced year.
MENTIONED IN THIS ARTICLE
Kennedy
Pentagon
Palm Beach
Fla
John F. Kennedy
Air Force
Roswell Gilpatric
Eisenhower
Douglas Dillon
Florida
Gilpatric
New York
Washington
Robert S. McNamara
Defense Department
Coleman
Mississippi
Harvard
David E. Bell
Elmer B. Staats
Richard Neustadt
Theodore Sorensen
White House
Myer Feldman
Sorensen
Congress
Frank Thompson
D-N.j
Thompson
House Education and Labor Committee
Laos Stays Neutral as U S Rules Out SEATO Entry
Washington indicates the new Laos government under Prince Boun Oum will not be urged to join SEATO. The aim is to keep Laos independent and outside the Iron Curtain, maintaining a neutral stance and avoiding military alliance. The Vientiane government had suggested SEATO may be considered if defense demands require.
MENTIONED IN THIS ARTICLE
Washington
UPI
United States
Laos
U.S
Prince Boun Oum
Vientiane
Southeast Asia Treaty Organization
SEATO
De Gaulle Moves Toward Algerian Peace
Paris reports President Charles de Gaulle remains committed to negotiating with the Algerian rebels after a referendum win. He urged renewed talks with the National Liberation Front without preconditions, while defending protections for European settlers in Algerian Algeria.
MENTIONED IN THIS ARTICLE
Paris
API
Charles de Gaulle
de Gaulle
National Liberation Front
FLN
Algeria
Platinum crosshairs used in microscopes and telescopes
Crosshairs for microscopes and telescopes use platinum wire with diameters as small as four one hundred thousandths of an inch.
MENTIONED IN THIS ARTICLE
Los Angeles
Discoverer XIX Satellite Maintains Orbit For Missile Defense Study
At Vandenberg Air Force Base the Discoverer XIX satellite held steady on its earth orbit gathering data on infrared radiation for a missile attack detection system. Ground stations in New Boston New Hampshire and Hawaii collected radioed information as the craft circled the globe every 93 minutes.
MENTIONED IN THIS ARTICLE
Vandenberg Air Force Base
Calif
UPI
United States
New Boston
N.H
Hawaii
America
Pacific Coast
Air Force
Midas
Earth
Jury weighs charges in gasoline price fixing case
Jurors in South Bend began deliberations on 12 major oil companies accused of fixing gasoline prices during a May 1957 rise ending a price war. After 26 days of testimony, lawyers agreed jurors may go home at night, with possible Christmas break if no decision by Friday.
MENTIONED IN THIS ARTICLE
South Bend
Ind
Shell
Cities Service
Phillips
Ohio
Gulf
Socony Mobil
Standard
Texaco
Central West
Tornado
Hudson
Pacer
Sun Oil Co
U.S
M. Swygert
Anderson Civil Air Patrol Holds Anniversary Dance
Squadron 2 of the Anderson Civil Air Patrol hosted an anniversary dance at UAV Local 662 Hall. Patsy Bradberry was crowned queen and won a talent show. Runners up were Linda Hoppes and Deloris Williams. Over 200 attended and 20 door prizes were awarded.
MENTIONED IN THIS ARTICLE
Anderson Civil Air Patrol
UAV
Patsy Bradberry
Miss Bradberry
Linda Hoppes
Deloris Williams
Donner Foundation Grants Boost Secondary School Faculty Pay
The Donner Foundation will award 4.5 million dollars to 15 independent secondary schools to fund 15 chairs with about 12 000 dollars annually. The program aims to reward exceptional faculty and free funds to raise pay for other teachers across Choate Cranbrook Deerfield Episcopal Hill Hotchkiss Lawrenceville Loomis Mt Hermon Phillips Andover Exeter Saint Marks St Pauls Taft Western Reserve.
MENTIONED IN THIS ARTICLE
Philadelphia
UPI
Donner Foundation
Robert A. Maes
Philadelphia Foundation
Donner
Maes
Choate School
Wallingford
Hotchkiss
Lakeville
Conn
Lawrenceville
N.J
Loomis
Windsor
Ice Cream Output Up in Milwaukee Area
The average American ate about 18 pounds of ice cream last year and is expected to exceed that this year. U S manufacturing plants produced 647,675,000 gallons, up slightly from 1956. In 1909 per capita consumption was around 1.5 pounds.
MENTIONED IN THIS ARTICLE
Milwaukee
United States
Students Increase Washington Forester Schools Attendance
Enrollment in the nation’s 37 schools of forestry for 1958-59 reached 7,866, the highest since 1948-49 when 8,212 studied, reflecting growth in forestry education.
MENTIONED IN THIS ARTICLE
Washington
Peiping Extends Credits to North Korea Over $100 Million
Peiping announces credits to North Korea for industrial development totaling over $100 million. The move signals Communist China’s continued aid and cooperation with its northern ally.
MENTIONED IN THIS ARTICLE
Peiping
Tokyo
China
North Korea
Kennedy Policy Shift Seen
Des Moines Register Tribune and Minneapolis Star Tribune report that President Eisenhower pressed Douglas Dillon to secure Kennedy's commitment to conservative fiscal policy before accepting the Treasury post. The newspapers quote Dillon as surprised by the appointment and note Republican officials' cautious reaction. Anderson welcomed Dillon's appointment as his successor.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
John F. Kenny
Midwest
Eisenhower
Douglas Drlon
Kennedy
Dillon
Washington
Anderson
the Treasury
Record 11.2 million trucks on U.S. roads in 1958
About 11,200,000 trucks were in operation on streets and highways in the United States during 1958, a new record. Trucks account for 17 percent of the country's motor vehicle registrations.
MENTIONED IN THIS ARTICLE
Detroit
United States
Leave a Pepsi for Santa Claus This Year
A holiday nudge suggests leaving a Pepsi by the fireplace or under the tree for Santa Claus, aligning year end traditions with modern beverage choices.
MENTIONED IN THIS ARTICLE
Santa Claus
Also Mentioned on This Page
American Telephone & Telegraph Co
Bethlehem Steel Corp
Youngstown Sheet & Tube
West Berlin
By Douglas B. Cornell
Sweden
Stockholm
Inspira Foe
Ernie Ford
Hollywood Bowl Symphony Orchestra
Montovoni Stero
George Beverly Shea
Robert Shaw
Walter Schuman
Augusta
Ames Brothers
Gospel Trumpet Book Store
East
Chestnut
Davis
Eagles
Merry Christmas
U. S
Zeke
Slim
WLW TV
National Guard Armory
Astounding Adventure
Kerwin Mathews
June Thorburn
Fea. Times
Cartoon & News
CL Aick
Willam Wyler
Coloi