Stock Market Soars To Peak Amid Mixed Trading
Stock averages touched near all time highs while some blue chips rose. American Telephone reached a historic high of 144 as steel and oil issues fell on government smoking health news. Copper and aluminum gains fueled rallies. volume surged to 30.6 million shares. Dow rose to 775.69 with 670 declines and 652 advances. Bond prices and corporate bonds also edged higher in NYSE trading.
MENTIONED IN THIS ARTICLE
American Telephone
Associated Press
Standard & Poor
U.S
New York Stock Exchange
Grain Future Trading Slow On Board Of Trade
Chicago AP reports a prolonged slow dull week on the Board of Trade with meager volume and little price movement. Traders saw limited profit potential and speculation centered on small quick-turn trades as wheat and other grains showed minimal changes.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Cotton futures rise as mill demand fuels rally
New York cotton futures finish the week 1.65 to 2.85 cents higher amid short covering and mill price fixing amid expectations on new legislation. December consumption data aligned with forecasts, while exports surged, with 259000 bales shipped this week, the strongest weekly move since 1962. Cumulative exports reach 2.304 million bales for the season.
MENTIONED IN THIS ARTICLE
NEW York
New York Cotton Exchange Service Bureau
Former Local Minister Ramage to Lead Houston Church
Rev. E. V. Ramage, formerly of Decatur First Presbyterian, will leave Birmingham’s First Presbyterian Feb 1 to become minister at St. Paul Presbyterian Church in Houston. A reception will mark the departure as the Birmingham church celebrates paying off debt exceeding 130000 including a 100000 mortgage and a 30000 air conditioning loan tied to an educational building addition.
MENTIONED IN THIS ARTICLE
E. V. Ramage
First Presbyterian of
Decatur
First Presbyterian Church
Birmingham
St. Paul Presbyterian Church
Houston
Tex
Ramage
Oklahoma City
Two Youths Face Grand Larceny Charge In Auto Theft
Grand larceny charges were filed against Leon A. Cramer 17, and Alton W. Bedingfield 28, after police pursued a stolen car from O'Brien Furniture Co. to Gobble-Fire Lumber Co. The car contained tools and was traced to a Mr Blackwell. Both suspects were held for investigation.
MENTIONED IN THIS ARTICLE
Leon A. Cramer
Morgan Ave
Alton W. Bedingfield
14Th Ave
O’brien Furniture Co
First Ave
Lee, Bank
Market Streets
Market and
McCartney
Gobble-Fire Lumber Co
Cramer
Mr Blackwell
Walter Blackwell
Cigarette Pack Warning Proposed by FTC in New Rules
The Federal Trade Commission proposed branding every cigarette pack with a danger warning and banning ads that claim health benefits or lower risk. A March 16 hearing will consider prohibiting claims that smoking is not a health hazard and require verified test data on smoke ingredients. The move follows the Surgeon General report on smoking and health and targets deceptive advertising.
MENTIONED IN THIS ARTICLE
Washington
Federal Trade Commission
FTC
Also Mentioned on This Page
Newton D. Zinder
E. F. Hutton & Co
DOW Jones UP
Texas Boand
Pensacola
Fla
Cable
United States Naval Aviation
Spain
France
Britain
United States
Confederacy
CUBS
Pack 89
Den 3
Civil Defense
Thomas Bingham
Grant Clark
Randy Hovis
Billy Boley
Coleman Demoss
John Reed
Jimmy Cupp
Earl Worley
David Harris
Charles Boley
Ius
Buschs Kredit Jewelers - Opticians
Avenue S.E
Noles Bakery and Cafe
ARS
S&h
Kwik-Chek
Lykes
ASTOR
Cypress
Orchard & Grove
Dixie Darling
Dixie Thrifty Orange
Morton
Peg
Kwik - Chek
Astor Oil
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