Market mixed as steel and auto shares slide to lows
New York trading opened with mixed notes after a three session decline leaving steel and auto issues at century low levels for 1957. Bethlehem and U S Steel softened, Polaroid and U S Tobacco rose to new highs, while North American Aviation and Northrop felt losses amid missile craft news. Bonds gained, with government issues touching new highs as grains and cocoa showed varied moves.
MENTIONED IN THIS ARTICLE
New York
ANL
Dan Jones
Lave
Waim
UU Ie
Wall Street
Bethlehem
U.S. Steel
Gulf
Jersey Standard
Polaroid
U.S. Tobacco
Lukens
B&o
New York Central
North American Aviation
Northrop Ndged
Jhisher
American Exchange
New York Stock Exchange
DOW Jones
Doe
Averall
Market Ae Radio Cora
Republic Steel
Americas
Sonechan
Edison
Anaron
Standard Oil
AT & Santa Fe
Beekman Instrumenis Hae Iy
Crown
Zellerbach Corning Glass
Pacific
Bester Industries
Dow-Senes
Nile
INS
Eastman Rodalemt
Eastern Air Lines
Iaoer Aditionad Informacion
Food Maschinen
Ford Mount Bis Store
S ‘Hayward
General Electric
Teaierson
Habs General Molrs
Coisa A Investment Fonds
General Aaleetty Oieat
Beck General
Myeaith
Furcamestans
Glen
vAmpex Corp
New York Shipbuilding
Liema of America
Banke Waters & Olin-Mathieson
Ante Ciliins Radio
Beer Gas & Elect Firemans
Stadies Aft
Western Bank
Bailips Petroleum
Jorgensen
USA
Wall Street Fund Reports Stimulate Market Interest
Mutual fund activity reported by Dividend Shares and Affiliated Fund shows large stock purchases and reductions, with holdings in Alcoa Coca Cola RCA and General Motors. Executives note cash positions and bonds, while president Hugh Bullock cites low credit levels and potential inflation as key market factors.
MENTIONED IN THIS ARTICLE
New York
Inc
Calvin Bullock
Alcoa
Chemical Corn Exchange Bank Coca-Cola
Columbia Broadcasting A
Kennecott Copner
Allied Chemical
Bentrix Aviation
Boeing Lone Star Cement
National Daily
RCA
American Tobacco
Armstrong Cork
Colgate
Container Corp. International
Harvester
Union Oil of California
Bethlehem Steel
Estore Tire
General Motors
Steelbuck
Standard Oil of California
U.S. Steel
Buy Insurance Affiliated Fund
American Telephone
Affiliated
Det. 31
U.S
Ares
Hugh Bullock
Rate Hike Okayed On Rail Freight
The California State Public Utilities Commission reluctantly allowed railroads to raise most freight rates by 11.3 percent, costing shippers about eight million dollars yearly. The PUC also directed truckers to raise certain rates to match rail, amid ICC pressure to avoid interstate discrimination.
MENTIONED IN THIS ARTICLE
San Francisco
State Public Utilities Commission
California
PUC
Interstate Commerce Commission
ICC
Peter C. Mitchell
Nations Link TV Show Unites Eleven Nations for New Year
Eleven European nations will link via television for a joint New Year's Eve program. Each country will originate a portion of the 70-minute broadcast. Participants include Britain The Netherlands Austria Belgium Luxembourg France Switzerland Monaco Germany and Denmark, according to Entish Broadcasting Corp and BBC remarks.
MENTIONED IN THIS ARTICLE
London
Entish Broadcasting Corp
BBC
Britain
Netherlands
Austria
May
Belgium
Luxembourg
France
Switzerland
Monaco
Germany
Denmark
Guilt Complex Pilot Cleared of Post Office Charges
ABILENE Tex UP A former Air Force Major Claude J Eatherly 39 was cleared of charges for breaking into two post offices April 30 1956. The jury found Alvin D Crews 29 guilty and sentenced him to two years in jail. Eatherly claimed insanity but was found not guilty. judge refused to direct verdict. Eatherly from Van Alstyne Texas was connected to guilt over his role in Hiroshima bombing.
MENTIONED IN THIS ARTICLE
Abilene
Tex
Air Faves
Hiroshima
Air Force
Claude J Eatherly
Alvin DB. Crews
Craws
Eatherly
van Alstyne
Joe Estes
Russian Italian Commerce Pact Nearing Four Year Total
Trade between Italy and Russia expected to reach 1480 million dollars for 1058 to 62 as officials announce a pact to be signed in Rome next week. Italy to ship machinery textiles and other finished goods in exchange for unidentified raw materials. Also lists ships and sailings for San Francisco and Yokohama routes in December.
MENTIONED IN THIS ARTICLE
Rome
Italy
Russia
Post Office Cost Cut Plan Advised by Consultant
Engineering consultant Edmund Cyril argues the Post Office can cut costs without reducing efficiency. He cites private firms using time motion studies that cut material handling and housekeeping costs by about 42 percent and urges similar studies of postal operations. He also suggests eliminating hand sorting of mail as a second step.
MENTIONED IN THIS ARTICLE
Ceicago
U: Post Office
Edmund
Cyrol
Cyril
Soviet Premier Bu kansin letter to Macmillan visit to London
Soviet Premier Nikolai Bukarin reportedly sent a letter to Prime Minister Harold Macmillan during Malik’s visit to the Macmillan Centre in London. The letter, carrying terms on disarmament and a new East West summit, was not expected to be released until later.
MENTIONED IN THIS ARTICLE
London
Tacob AL
Mali
Harold Macmillan
Macmillan
West Surantit
Senhower
Nikolai Bukanin
Jeter
Also Mentioned on This Page
Wall St
Er Elmer C. Waller
United Press Financial Editor
Watkins St. Cor “A? Hayward
Lustig's
Financial News
Hoegh Cutt
Calcutta
Heredia
Puerto
Bombay
Trivane
Cadiz
Daniel J. Sultan
Stoner Anly
Majorador
Manila
Osaxa
Republica de
Calonthia
Bor Atiza Mari
Yokoha Doni Aurora
Yokohama
Mamikawa Maru
Simmons Victory
Panama
Ala
Mongabarra
Newcastle
Tureby
Port CF
C. Breckenridge
Trom
Diora Bomson
Heights
Okohama
Ehite Marti
Lone ‘Star
Cleveland
Nean
Suenas Aires
Peckegesantary
Bay
Erfeld
Paltte
P&t
Lew G
How
Pres
Garfeld
C B
Waterman
P.m
Rubbier
Pma
Antwerp
Post Office
Malik
Macmillan Center
Eeg
Capontiles
iBryers
Smollar Tom Twrkeys
Ata Bebbits
Eeady Vo
Los Angeles
Oakland
Ernst Cus
Joe PasaTra
A & Main St
Hayward
Dan River
Gabardine
Hanessome
Siza
Carol Brent
Low Pritz
Darke
Sizas
DuFont
Sals
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