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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Jan 26, 1963
Page
3
Steel stocks rally as Youngstown Sheet & Tube posts 1962 earnings of 7.80 a share, up from 6.49. Analysts warn against premature judgment amid a flood of steel reports and note Shields & Co. sees a less bleak long term outlook.
Stock indices show gains with the Dow Jones closing slightly up amid volatility. Trading featured a mix of advances and declines as investors weighed latest economic signals and corporate results.
In this week’s product round up ED MORSE notes a toll booth coin shooter from Lyman Metal Products in South Norwalk that fires coins six feet into a toll basket. Also listed are tire pressure warning systems from an unnamed maker for trucks and buses, Magnavox’s portable typewriter called the Professional, Amber-Kote turn signal spray from Plasti Kote, the Mule Table from Sido Inc with a 1,300 pound capacity, and addresses for Lyman Metal, Magnavox, Singer, Plasti Kote, and Sido.
OCR fragment shows sequences Fri Thur 588 571 451 240 1289 1286 without clear context or event. No identifiable people places organizations or outcomes. Summary limited to noting dates and numeric strings from the readable text.
CHICAGO AP soybeans rose sharply in a rapid runup the fastest since the Cu ban crisis, gaining seven cents a bushel Friday as demand surged late in trading through commission firms. Wheat, corn, oats and rye also closed higher or mixed with fractional gains.
New York markets halted a decline as stocks posted a fifth straight advance. Trading was heavy with the Dow up 2.72 to 679.71 and the Associated Press average rising 0.5 to 255.4. GM surged to a historic high while autos and steels showed mixed moves across 1,289 issues.
The two million dollar Decatur Shopping Center will open soon on the corner of 11th Street SE and 6th Avenue. Tenants include a Firestone, Bruno's Food Store, Super X Drugs, Little Bruie's deli, a bank drive in, and several shops boosting Decatur's economy and employment.
Chicago buyers noted hog prices steady to 25 cents lower on Friday with 190-220 lb select hogs mostly $16.75-$17 and some $17.25, heavier hogs $15-$16.50, lows $12.75-$14.25. Slaughter steers and heifers traded steady to 50 cents lower, prime weight loads 1,200-1,300 lbs at $28.50-$28.75, high choice $27.50-$28.25, average $25.75-$27.50, good $24+. Heifers up to $26.50 for choice and $25 for good. bulls $18.50-$20.50. Slaughter lambs steady with mixed good and choice at $18-$19.50.
Crawford C Madeira Jr announced changes in Chemstrand Companys International Operations Department. New managers include Norman C Sidebotham Far East Commercial Operations and John J Sosa Western Hemisphere Commercial Operations. Other appointments cover export, manufacturing coordination, and development analysis with multiple assistants and supervisors across Americas and Asia.
Three men received promotions at the Wolverine Tube plant in Decatur, division of Calumet and Hecla. R. E. Stanton was named metallurgist in the quality section effective January 16, 1957. E. L. Thompson Jr. became foreman in charge of the Machine Tool Department. George P. Griffin was promoted to assistant foreman in the same department.
A US district judge barred a threatened Southern Railway firemen strike until at least Feb 22 after a hearing on diesel locomotive hire. The order follows AFL CIO union claims the company failed to hire firemen on diesel engines and sets a three day buffer after a ruling.
Arkansas Polytechnic College retires honor to engineer Van Meter a member of the American Institute of Chemical Engineers and lists his family at 167 North Avenue NW with wife Norma and two children.
Bonn says Germany will present a plan to keep Britain's bid alive for entry to the Common Market. France agrees to consider it as Adenauer yields to internal pressure to prevent a Western Alliance split. Luns signals possible draft talks but legal hurdles loom.
In Langkloof, South Africa, midsummer heat scorches apples, farmers report heavy losses as orchards are wetted down to prevent sunburn.
In Salford England a burglar alarm captured thefts from the Church of the Servite poor box. One man received six months in prison, another pleaded guilty and was jailed awaiting a probation report.
New Orleans January 25 AP Tulane University announced the registration of seven Black students the first of their race accepted in the 127 year history of the school Six graduate students three in doctorates one in a master's degree and one in an evening division course thirteen more expected to enroll Undergraduate registration follows next week The move comes after the board of administrators approved desegregation policies citing donor restrictions previously barred Black applicants
Walter C Head Jr director of the Alabama Department of Veterans Affairs warns veterans selling homes bought with VA guarantees or direct loans about securing a release from liability. He urges buyers to arrange their own financing to pay off the GI loan and recommends obtaining details from J D Bright Morgan County Veterans Service Officer at the Court House.
OTTAWA AP The eastern section of Canada s Northwest Territories has been named Nunassiag meaning Beautiful Land An Eskimo word The name was chosen by a majority of Eskimos voting in two plebiscites
Boston AP George Meany AFL CIO leader says the 35 hour week is the answer to automation driven unemployment and urges industry tailored production improvements. Wirtz notes unions resist change yet calls for humane automation and worker displacement solutions. Both stress adapting to new tech to avoid massive strikes.
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