Signs Of Weakness Seen In Bull Market Talk
AP reports Wall Street bulls face subtle signals of weakness. B K Thurlow of Winslow, Cohn & Stetson cites four items including a flat reaction to the State of the Union, Chrysler’s $2.50 gain not sparking broader buying, railroads continuing a week-long slide, and uneven leadership by a few speculative players.
MENTIONED IN THIS ARTICLE
Wall Street
New York
Linko
B. K. Thurlow
Winslow, Cohn & Stetson
State of the Union
Chrysler
New Bathroom Cup Dispenser Aims At Germs In Homes
AP reports American Can Co introduces a white plastic dixie cup dispenser with 50 cups for home use. It mounts on surfaces like tile and promises cost savings versus paper cups while making the bathroom glass obsolete.
MENTIONED IN THIS ARTICLE
ED Morse
AP Business News
NEW York (Ap
American Can Co
Dow Jones Closing Averages Reported For Today
New York January eighteenth final Dow Jones averages show Industrials 672.52 down 0.46, Railroads 146.25 down 0.77, Utilities 133.85 up 0.20, and Stocks 237.00 down 0.27. Trading volume included 423,600 Industrials, 85,300 rails, 61,900 utilities, and 570,800 total stocks.
MENTIONED IN THIS ARTICLE
New York
Standard and Poor's Stock Index Snapshot
Stock index data shows mixed moves with levels at 68.70 67.80 33.94 33.55 63.86 63.13. Net changes include 68.13 plus 0.05 and 33.67 minus 0.15 63.47 plus 0.08 65.18 plus 0.05.
New York Stock Movements Reported Today
New York stocks moved in active trading on January 18 with several firms showing gains and others retreating. Industry sectors varied as investors weighed earnings, inflation data, and policy signals from the Federal Reserve.
Profit Taking Fails To Dim Wall Street Rally
New York AP reports profit taking on Friday edged markets but not enough to reverse gains. Trading slowed from the prior sprint with 4.76 million shares. Dow Jones fell 0.46 to 672.52 while the AP 60 average slipped 0.20 to 252.30. Advances led declines 572 to 509 among 1,319 issues. nine of 15 active names rose. Bonds mixed. government issues declined.
MENTIONED IN THIS ARTICLE
New York
Associated Press
American Stock Exchange
U.S
Prison demographics in England and Wales show male to female ratio
In England and Wales men confined to prisons and detention centers outnumber women by about thirty to one, reflecting a stark gender disparity in the inmate population.
MENTIONED IN THIS ARTICLE
England
Wales
Butcher Hog Prices Slip Amid Mixed Market Activity
In Chicago, butcher hogs remained steady to 25 cents lower per hundredweight. Weights 190-220 lb sold at 16.25 to 16.75 for mixed No. 1 and 2. 1-3 at 15.75 to 16.25. heavier weights down to 14. Lows peaked at 14. Slaughter steers fell up to 50 cents. prime loads around 28.50, 1,175-1,250 lb. Prime and high choice 1,100-1,350 lb at 27.75 and higher. Choice 27.75. mixed good and choice 26.25. Heifers 23.50-27.50, bulls 18.50-20.50.
MENTIONED IN THIS ARTICLE
Chicago
Protective Life Plans Stock Increase and Dividends
Protective Life Insurance Co reports a board recommendation to amend the charter increasing capital from five to six million dollars. If approved, 200000 new shares with par value one million would be issued as a stock dividend. A 20 percent stock dividend will be declared February 28 and paid March 22 to stockholders of record March 8. A quarterly cash dividend of 15 cents per share will be paid February 1 to stockholders of record January 23. William J. Rushton, president, announced at the Birmingham home office.
MENTIONED IN THIS ARTICLE
Protective Life Insurance Co. Board of Directors
William J. Rushton
Birmingham
Seven Noland Decatur Drivers Receive Safe Driving Awards
Seven Noland Co. employees at the Decatur branch earned safe driving honors for accident-free records in 1962 and up to five years total, with J. S. Stutts presenting at 616 Church St. NE. Recipients include R. E. Mooneyhan, L. J. Meares, H. L. Maiden, S. P. Surles, D. J. Allen, D. Q. Childers, and Stutts for five years.
MENTIONED IN THIS ARTICLE
Decatur
Noland Co
J. S. Stutts
Church St
Decatur Safe Driving
R. E. Mooneyhan
L. J. Meares
H. L. Maiden
S. P. Surles
D. J. Allen
D. Q. Childers
Stutts
Grain futures edge higher as soybeans lead gains
Chicago board trades saw soybeans advance while most contracts posted modest gains. Corn firmed slightly, wheat slipped, oats held steady, and rye mixed as traders awaited further market cues. March prices listed for wheat corn oats rye oats and rye show small fluctuations amid a quiet session.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Bacon Promoted to Group Leader at Chemstrand
George D. Bacon named group leader in applying research and service at Chemstrand. Announcement by G M Shipman, director. The Bacon family, including wife Margaret and three children, reside at 1504 Summerlane SE.
MENTIONED IN THIS ARTICLE
George D. Bacon
Due Applications Research
Chemstrand
Applications Research and Service Department
G.M. Shipman
Bacon
Margaret
Summerlane SE
Chemstrand Renames Overseas Division to International Division
Chemstrand announces rebranding of its Overseas Division as the International Division and names Hamilton Hadded Jr. as vice president and general manager. President E A O Neal Jr notes international interests generated 14 percent of 1962 earnings. O Neal also becomes chairman of Lansil Ltd. a UK fiber company bought by Chemstrand in August 1962.
MENTIONED IN THIS ARTICLE
Chemstrand Co
E. A. O’neal, Jr
Hamilton Hadded, Jr
O’neal
Chemstrand
Lansil, Ltd
United Kingdom
London
England
Lansil
CAB Proposes Southern Route Cuts and Restorations
The Civil Aeronautics Board staff recommends streamlining Southern Airways routes by deleting several cities in Mississippi Alabama and Tennessee for failing to meet traffic standards. Delta and National routes face eliminations while some Southern segments would be renewed or removed along with a denial of Crossville Tennessee's application for service to multiple Tennessee cities.
MENTIONED IN THIS ARTICLE
Washington
Civil Aeronautics Board
Southern Airways
CAB
Bureau of Economic Regulations
Joseph L. Fitzmaurice
Corinth
Pascagoula
Miss
Selma
Ala
Morristown
Shelbyville - Tullahoma
Clarksville
Paris
Union City
Dyersburg
Southern
Memphis
Nashville
Bureau
Jackson
New Orleans
Laurel
Hattiesburg
Mobile
Gulfport
Meridian
Columbus
Delta
Crossville
Tenn
Knoxville
Chattanooga
Oak Ridge
Education Aid At $6 Billion
Washington AP Kennedy administration proposes a five year education aid program with expenditures over 6 billion dollars. Budget to Congress shows 144 million for the first year but a request for authorization up to 1.215 billion to enable fivefold spending as planning and construction proceed amidst debates over church and private school aid.
MENTIONED IN THIS ARTICLE
W. Joynes Macfarlan
White House
Congress
Violin Fascination and a Junior Editors Grand Prize
Explanation of why the violin is valued and how bowing and rosin affect sound. Instructions for a home experiment with a can and rubber bands to hear musical sounds. Sydney Sloan of Springfield wins the weekly Britannica Junior Encyclopedias prize. readers urged to mail in postcards for a chance at $10 daily prize.
MENTIONED IN THIS ARTICLE
Sydney Sloan
Springfield
Missouri
Georgia Businessmen Blast Expensive Maritime Strike
Georgia business spokesmen say the 27 day dock strike costs the state about 1 million dollars daily and urge action if federal efforts fail. North Georgia tufted textile mills face losses from jute shortages, with the Imperial Carpet Mill at Dalton cutting 60 jobs.
MENTIONED IN THIS ARTICLE
Atlanta
Georgia
Georgia State Chamber of Commerce
Carl Sanders
Legislature
Terry P. McKenna
North Georgia Carpet Mills
Savannah
Brunswick
Imperial Carpet
Dalton
R. E. Hamilton
Georgia Tufted Textile Association
Walter Cates
State Chamber
Hamilton
North Georgia
Frank Carter
Georgia Extile Manufacturers Association
Europe
Chamber
Tough Labor Year Forecast
The head of the Federal Mediation and Conciliation Service predicts a difficult year for labor management bargaining as demands shift from wages to job security and efficiency. Strikes in shipping and newspapers, plus defense work slowdowns, signal broad industrial tensions ahead.
MENTIONED IN THIS ARTICLE
New York
Isues
William E. Simkin
Federal Mediation and Conciliation Service
Simkin
Iron Age
Metal Working Trade
Atlantic
Gulf
Cleveland
Philadelphia
West
Prince Charles Ends Week Ski Vacation
Prince Charles 14 heir to the British throne ends a week long skiing vacation in Switzerland and travels by car through Germany and Liechtenstein toward Munich to fly home Saturday.
MENTIONED IN THIS ARTICLE
Prince Charles
Vadaz
Liechtenstein
Switzerland
Germany
Munich
Landlord locks tenants inside over $50 rent dispute
In Mexico City a landlord who claimed $50 in back rent soldered a steel apartment door, detaining a father and seven children for 10 hours while the mother was kept outside. Police forced the door open to free them.
MENTIONED IN THIS ARTICLE
Mexico City
Union Leaders Seek Strike Aid
Striking workers from the Independent Oil and Chemical Workers Union of Louisiana urged President Kennedy and Labor Secretary Wirtz for mediation to settle their contract dispute at Shell Oil facilities in Norco. About 900 employees walked out August 18 over job security terms, while the plant and refinery continue operating. The telegrams criticized federal mediation for failing to press Shell to treat union workers fairly.
MENTIONED IN THIS ARTICLE
NORCO
Shell Oil
Kennedy
Willard Wirtz
Independent Oil and Chemical Workers Union of Louisiana
Shell
Dale K. Dutt
Wirtz
Two 500-Gallon Still Destroyed in Limestone County Raid
SWANCOTT ABC agents destroyed two wildcat whisky stills in a Limestone County community Thursday afternoon. Agent Carlos Nelson said both were 500 gallon stills one was running and the other contained live mash. Jobby Rayborn assisted in the raids. No arrests were made.
MENTIONED IN THIS ARTICLE
Swancott
ABC
Limestone County
Carlos Nelson
Nelson
Jobby Rayborn
Kennedy Outlines Nuclear Plans With Senate Panel
President Kennedy met Friday with the Senate House Atomic Energy Committee to discuss sharing nuclear weapons know-how with allied nations. No decisions were made. the talks covered NATO nuclear issues relations with Britain and France and Nassau agreement fallout with De Gaulle.
MENTIONED IN THIS ARTICLE
Washington
Kennedy
Senate House Atomic Energy Committee
White House
John O. Pastore
D-R.i
North Atlantic Treaty Organization
Britain
France
Pastore
Senate
Everett M. Dirksen
Illinois
Nassau
Bahamas
Harold Macmillan
NATO
Macmillan
Charles de Gaulle
Storm Sinks Ferry Off Korea Coast Killing Many
A survivor recounted a sudden Yellow Sea gale that sank the 34 ton Yun Ho ferry on a 15 mile hop from Yunho to Mokpo. About 80 to 100 Koreans were aboard. nine bodies were found and Suh Chong Soo is the sole survivor, drifting for an hour before reaching Kaji island.
MENTIONED IN THIS ARTICLE
Korea
Suh Chong-soo
Yun-Ho
Hainam
Mokpo
Seoul
Hannam
Yunho
Suh
Kaji
Live Foods May Ride With Cosmonauts
Soviet space medicine expert Yevgeny Shepelev says future cosmonauts may carry live food such as chickens or rabbits. He argues living supplies could be more satisfying than pastes and liquids used today, with Tass reporting the remarks.
MENTIONED IN THIS ARTICLE
Moscow
Yevgeny Shepelev
Tass
Artificial Hands Sold By Soviet Union
Moscow A P report says the Soviet Union will issue licenses to manufacture artificial hands controlled by nerve impulses. Tass says amputees can use tools light cigarettes and comb their hair with the device.
MENTIONED IN THIS ARTICLE
Moscow
Soviet Union
Tass
City Firm Leads Bid For Rocket Test Cell At Arnold Center
Mobile AP report states Ross Corp of New Orleans submitted the low bid of 993 871 for a rocket engine test cell at the Arnold Engineering Development Center near Tullahoma Tennessee. Blount Brothers of Montgomery was second at 996 500 and Pearce & Gresham Co of Decatur third at 1 037 897, with government estimate 981 057. The J 5 altitude test cell will test engines horizontally in near vacuum, 16 feet diameter and 50 feet long, built with half inch steel plate and a 20 ton overhead crane for loading rockets.
MENTIONED IN THIS ARTICLE
Mobile
Ross Corp
New Orleans
Blount Brothers Corp
Montgomery
Pearce & Gresham Co
Decatur
Outer
Space
Ambika the National Zoo elephant fails to show embryo signals
Washington AP reports on Ambika the National Zoo elephant where doctors from Georgetown University find no clear signs of an embryo after tests using electrodes a transmitter and ECG. Researchers await more data while Ambika remains calm as veterinarians chase definitive proof of pregnancy.
MENTIONED IN THIS ARTICLE
Washington
Ambila
National Zoo
Elphant
Georgetown University
Ambika
Joseph V. Princiotto
Alfred Caputo
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