Stock market advances on steel boosts amid mixed bonds
The Dow rose to 699.06 by noon as steel shares led gains on a broader market upturn on active trading on the American Stock Exchange. U.S. Steel’s price increase spurred buying in steels while bonds moved unevenly and government issues fell sharply.
MENTIONED IN THIS ARTICLE
American Stock Exchange
U.S
NEW York
U.S. Steel
Adams Millis Cocee
Associated Press
Allied Ch
Allis-Chal Severs
Am Enka
Am Motors
Am Tel & Tel
Am Tel
Atch T&sf
Atl Coast Line
At! Refining
Avco Cp
Csseseees
Bendix Corp
Beth
Wall Street
Boeing Air
Kennedy
Borden Co
Burled Sevewecess
Burroughs Corp
Youngstown
Lukens
Curtiss Wrt
Republic Steel and Jones & Don Riv Mills Pyar
Laughlin
a/Douglas Aire
Dow Chemes Es Eee
DuPont de N
Eastman Rod
du Pont
Ford Motor Soppenes
Elec
Motors
Gen Foods
Tel & Tel
Goodrich
Fae
Goodyear T&r Wee
Greyhound
Gulf Oil Corp
Nickel Can
Eeseee
Tel
Kayser-Rotheseee
Kenct Cop
Esees
Liggett & Myers
Lorillard Peessesee
McLean Trkesseeee
Monsanto
Eee
Monty Wardez
Seees
Motorola
Nat Biscuit
Nat Dairy Pd Beaver
Nat Distillers
Greensboro
Guilford
Ny Central
County Board of Health
North West
Am Avia
North Carolina Medical No Pacific
Care Commission
Ohio Oil
Greens
Penney JC
Bore
Skeetees
Guilford County
Reynolds Tech
Sears Roebuck
Soo Railway Deesers
Spetty Corp
E. H.S
Ellinwood
Nnees
Texaco Incesses
Saints Oe
Yj Ra Ae . Ee
United Airlines
United Airer
Congress Wasty, Fm
Four Things A Man Must Learn To Do
Robert L. Grubb of Lexington spoke to the High Point American Business Club on a talk based on Henry Van Dyke. He urged men to think clearly love their fellowmen act with honest motives and trust in God to make a true record. Grubb noted America can stay free only as long as it remains home of the brave.
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Henry van Dyke
Robert L. Grubb
Lexington
High Point American Business Club
Grubb
Guilford and
Davidson
Herb Hipps
America
Free
Brave
John Crowder
John Bridges
Earl Congdon
Carter Holbrook
Er Tronnes
Kennedy to View Atlantic Fleet Weapons Demonstration
President Kennedy accompanied by Vice President Johnson visits Atlantic Fleet HQ in Norfolk Virginia to observe naval and Marine attack defense drills. They will fly to Norfolk on Friday and view a nuclear submarine and ship formations, then on Saturday watch missiles and an amphibious exercise at Onslow Beach North Carolina with the Shah of Iran aboard. Kennedy returns to Washington late Saturday.
MENTIONED IN THIS ARTICLE
Washington
Kennedy
Lyndon B. Johnson
Atlantic Fleet Headquarters
Norfolk
Thomas A. Edison
Northhampton
Johnson
Forrestal
Onslow Beach
N. C
Iran
Mohammed Reza Pahlavi
Dow Jones Averages at midday with volume figures
The Dow Jones Industrial average stood around 700.72 at 1 a.m. and 699.06 at noon with 695.46 close. Rail and utility indices mixed while stocks traded with volumes reported as 890000, 1500000 and 2680000 respectively.
Teachers Walkout Hits New York City Schools
Union president Charles Cogen describes the strike as highly effective and pushes for salaries from 5400 to 9500 dollars with bonuses. Across Manhattan and the Bronx and Queens, many schools closed or operated with minimal staff while students waited for decisions on reopening.
MENTIONED IN THIS ARTICLE
Charles Cogen
Seward Park High School
Lower Manhattan
Evander Childs High School
Bronx
Stuyvesant High High School
Manhattan
Taft High School
Queens
Long Island City High School
Union
Bayside High School
Staten Island
Senate probes Douglas Nike profits dispute
Senate investigators heard testimony that Douglas Aircraft Co earned about 1.2 million dollars profit on a Nike missile contract worth 3.316 million. Douglas challenged prior claims of 63.81 million in profits since 1952, arguing 29.8 million is a more accurate figure after excluding disputed expenses.
MENTIONED IN THIS ARTICLE
Washington
Senate
Douglas Aircraft Co
Senate Investigations
Douglas
Subcommittee
Donald W. Douglas Jr
John L. McClellan
D-Ark
Thomas E. Nunnally
McClellan
Nunnally
New York
Western Electric Co
H. S. Romnes
Annual Meeting
Romnes
Plow Origin Traced to Eastern Mediterranean Before 3000 B C
The encyclopedia Britannica notes that the plow originated in the eastern Mediterranean region prior to 3000 B C. This ancient tool marked early agricultural development across civilizations.
MENTIONED IN THIS ARTICLE
Britannica
U S Steel price hike sparks congressional probes
Kennedy objected to the $6 a ton rise as lawmakers pledge immediate antitrust inquiries. Rep. Celler and Sen. Kefauver plan hearings, warning that steel price increases could violate antitrust laws and betray unions. Officials say Hodges was surprised by the move.
MENTIONED IN THIS ARTICLE
Commerce Department
Luther H. Hodges
Emanuel Celler
D-N.y
House
Antitrust Subcommittee
Celler
U.S. Steel
Estes Kefauver
D-Tenn
Senate
Congress
U. S. Steel
United Steelworkers Union
Cotton Futures Open Steady as Election Results Highlight Primary Voting
New York AP reports cotton futures opened unchanged to 10 cents lower. The piece notes election results showing a high renomination rate, with 21 Congress members winning renomination and three Republican House members not seeking re election.
MENTIONED IN THIS ARTICLE
New York
Congress
House
Lindbergh Papers Fetch Higher Auction Price Than Glenn Letters
At Parke-Bernet in New York Tuesday the Lindbergh solo flight papers sold for 3500 dollars while John Glenn letters brought 425. Glenn items related to his car rather than his orbit achievements. A private collector bid anonymously on the Glenn lot.
MENTIONED IN THIS ARTICLE
New York
Charles A. Lindbergh
John H. Glenn Jr
Lindbergh
Paris
Glenn
America
Earth
John F. Fleing
New York City
Parke - Bernet
Gulf Stream Near Cape Hatteras Runs Closest to Coast
The Gulf Stream lies closer to the Cape Hatteras coastline than at any other point north of Miami, indicating warmer waters edge nearer the shore there.
MENTIONED IN THIS ARTICLE
Cape Hatteras
Miami
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