Market Split As Blue Chips Drop
New York stocks moved through midday trading with the Dow dipping about 3.8 points as blue chips fluctuated. The market showed gains among some glamour shares but industrials rails and utilities mostly fell, while names like U.S. Steel General Motors Kennecott Union Woolworth and Uniroyal posted mixed moves.
MENTIONED IN THIS ARTICLE
New York
Procter & Gambleway
Dow Jones Industrial
Rhs
Schenley
Associated Press
du Pont Jost
Natantas
Litton Industries
International Nickel Industries
Alleghany Corp
U.S. Steel
Western General Motors
Kennecott
Union
Woolworth
Uniroyal
Easedi
Why Mutual Fund Splits Don’t Boost Your Wealth
A reader celebrates a three for one mutual fund split and learns the per share value falls to one third. The article explains that total fund assets stay at $240 million while outstanding shares rise from 10 million to 30 million, leaving net asset value per share at $8.00. It warns that split shares attract brokers’ commissions and higher assets under management rather than increasing real value.
MENTIONED IN THIS ARTICLE
XYZ Mutual Fund
Cost Control Programs Cut Clerical Help Costs
In New York UP I a report quotes Nance president of Serge A for working every second as an accountant. The program at First National Bank of Maryland and others is said to cut clerical labor by about half, saving $200,000 annually and $27,000 yearly on ebooks. Nance notes bosses and empire level policies often hinder efficiency.
MENTIONED IN THIS ARTICLE
New York
UPI
Nence
Serge A
Isitn Co
Secord
Siastokal Tinte
First National ER
Bank of Maryland
Baltimore
Hanes
Winston-Salem
Nance Says
West Coast Scientific
Devel
Nance
Birn
George Katona
University
Nf Michigan
Economist-Psycholosupervision
Kaluna
Childeen
York Stock Exchange
DOW Jones
Pillsory
Pia
Aswad
Alcoa
Ravene
Amerada
Ms . Rayman
Gat Rincon
JoyAita
Rabeteh
Sima Amf
Bshal
Danan
Spar pDesrekCo
Royall Be
Jeaneit Wa
Valsafowg
Peter
Dennison A
Klela Coe Ee
Kimmel
He Soherng
Dole Armack
Duka P
Kopper
ASV Turk i Senta Xu
Furan
Kresge
Asa
Asia Agin Ten
Kroger
Aainien
f & ea 3 = savihco i
Spartan Ind
Beri
Tod
Bendix
Bile Gree
Rariria
Bat Seum
Arden Ayia Bon
MIO Sune
Bank of America
Bank of Calle
Boving
Fairmont
Macy
Mion
Cal West
Borden
Wu Crocker
Aia Lenin
Mal Angina
Carp
Mar Gil
Ae StudeWork
Bing Gove
Soa Va Fund America
Hexcel
Yi /Sunchinan fo ak Sila Revabeys
Insurance Ste. Srlags Ata
ASDM
Vo Marstalif & Beet
Tha
Maseay
Kainar
Tony
Bae
Almala
MI Ey
Toei
Texinsteam
Ben Insir al BS
Grnggs
Payless
Careph
Sue Valgen Malls
Texas
Caroirel
Transco
Genesie
Toker G
Blic
Ghiadz
Niceak
American Stock Exchange Ioray
ChisPam
En Ri&Pac
Asso Osg
Cocaco
Aery Sant Grlor
Ie Newnery
Iuncare
Ah Colpale
Uhton
Collins
Grivel
Bripes
Kommuleat
Baine Ave
Fremont
Ghent
Bee Bey
Bac Beatae Ab
Tata
Cary Heublain
Marian
Greer Hydic
Elcome Abe
Holt
LA Inara Homestic
New Park
Tee Fia
Ates Bane
San Francisco
Accon
Statham
United Bileeran
Desian
le Dug
Gale Inte Brbs Reivelopment Corp
Booge
GM Satu
Lsotve
InfoGorn
Vegas Strip Picketed By Negroes Protest Hiring Bias
In Las Vegas protesters picketed 12 major hotels on the Strip alleging discrimination in hiring for better paying jobs. NAACP leader Charles Kellar said casinos avoid Negroes as dealers, croupiers, waiters, and other high tipping roles, citing a recent survey by a top management firm. Police kept all days off cancelled downtown as gamblers and tourists largely ignored the demonstration.
MENTIONED IN THIS ARTICLE
Las Vegas
Nev
UPI
Atorney
Charles Kellar
National Association For the Advancement of Colored People
Harold W
Master Clerical Data Studies Boost Efficiency
A Washington military agency adopted time studies on clerks to measure output. Nance and supervisors cooperated, changing procedures and yielding dollars saved without reducing production. A letter of commendation followed. George Katona notes consumerism rose with wealth, shaping wants and aspirations.
MENTIONED IN THIS ARTICLE
Washington
Nance
Econ Sane
Consumer expert explains rising buyer resistance and mood
The article notes increased consumer caution driven by confidence and Vietnam and economic uncertainty. It cites Katona's analysis of factors behind buyer resistance and describes how households respond to price and safety concerns amid mixed income signals.
MENTIONED IN THIS ARTICLE
Katona
Vietnam
Guardian Thrift and Loan Notice in Oakland IA Source
A local thrift and loan advert appears for Guardian Thrift and Loan in Oakland IA offering loans up to five thousand dollars with quick service. The snippet shows terms like 36 payments and references to a Stevan Creek location, but the damaged text is incomplete and uses unclear abbreviations.
MENTIONED IN THIS ARTICLE
Guardian
St. Oakland
Tare Stevan Creek
Also Mentioned on This Page
Daily Investor
William A. Doyle
Philadelphia
Horsham
Barbara Levitt
Ann Miller
Miss Levitt
Miss Miller
Vegas
N.Y. Stock Exchange
John Cunniff
Sntather
Beairess
Roney Tayth
Board
Sess
Howtiely
Aymenes
America
Wehrer
Awertcah Industrial Bankers Assn
W. Tennyson Rd
Hn Tennyson Centar
Phons
Phonn
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