Market declines center on nickel, coal stocks slip
New York traders saw a broad downtrend with Industrials mixed and the Dow off about 1.3 points at noon. Key issues such as Kennecott Copper Hallmark, Liggett Myers and Lockheed Aircraft showed modest moves while National Biscuit, National Dairy and Paramount Pictures posted gains.
MENTIONED IN THIS ARTICLE
NEW York
Int Nickel Can
Int
Tel
Kennecott Copperee
Liggett& Myers
Associated Press
Lockheed Aircraft
Lorillard & Co
McLean Trucking
Montgomery Ward
Motorola Radio
National Biscuit
National Distillers
New York Central
Norfolk & West
North Ameri
Avia
Northern Pacific
Ohio Oil Company
Sec
Paramount Pictures
Penney J.c.co
Polaroid
Pennsylvania RR
Vance
Pepsi Cola
Zenith
Phillips Petroleum
Litton Industries
Revion
Pure Oil Co
American Machine & Foundry
Radio Corporation
Republic Steel
Reynolds Tobacco
Seaboard Alrr
Sears Roebuck
Martin Co
Southern Railway
General Dynamics and Sperry Corp
Douglas Aircraft
Standard Brands
Standard Oil
Boon Ove Ncnecses
Virginia-Care Chem
Virginia Elec & Pow
Maryland
W.va
Woolworth & Co
Zenith Radio
Cuban exile invaders suffer heavy losses as Castro regime tightens grip
The invaders faced heavy casualties and dispersed in a swamp. Castro acknowledged a high toll in lives and seized arms including Sherman tanks. The Cuban Revolutionary Council framed the landings as a campaign phase not an invasion and predicted a mounting guerrilla struggle while Castro's firing squads executed seven more, with widespread arrests reported by a Havana journalist.
MENTIONED IN THIS ARTICLE
Ister
Castro
Cuban Revolutionary Council
New York
Cuba
Oriente
Fulgencio Batista
Shortages Haunt Rebel Militia Amid Cuba Crisis
Rebels face severe supply gaps as militia roadblocks strain transport. Women lack cosmetics while cooking with rancid lard and soap remains scarce. Castro’s troops, though improved, still trail U S standards and endure hunger as 400 000 militiamen move across the island with inadequate sustenance.
MENTIONED IN THIS ARTICLE
Castro
U. S
Chessmen
Family Camping Affects City Lake Park Schedule
City Lake park opens 1 30 p m Sunday April 23 for camping exhibits and public viewing. Park closes until 1 30 p m Friday Saturday and Sunday due to family camping weekend activities, parks director Jesse L Taylor said.
MENTIONED IN THIS ARTICLE
City Lake
Jesse L. Taylor
Parks and Recreation Department
Taylor
Survey Slated In Guilford For Regional Study
Guilford County will join six other counties in the Northern Piedmont Area Development Assn to conduct a scientific long range survey. President W E Apple of Burlington states the study will cover rural and urban Guilford Randolph Davidson Alamance Rockingham Caswell and Chatham counties. The survey decision was made yesterday in Greensboro at a committee and board meeting.
MENTIONED IN THIS ARTICLE
Guilford County
Piedmont Area Development Assn
Association
W. E. Apple
Burlington
Guilford
Randolph
Davidson
Alamance
Rockingham
Caswell
Chatham
Greensboro
Kennedy Proposes Tax Changes to Spur Investment and Revenue
The plan argues tax credits to incentivize new investment could cost $1.7 billion annually versus $3.4 billion with higher allowances. It also outlines withholding on dividends and interest to raise about $600 million yearly and proposes repealing the $50 dividend exclusion and the 4 percent credit, aiming to add $450 million in annual revenue.
MENTIONED IN THIS ARTICLE
Kennedy
U. S
Peaches Face Thinning Amid Warm North Carolina Spring
North Carolina peach trees heavy with young fruit undergoing extensive thinning. John Wyatt of Candor, secretary treasurer of the North Carolina Mutual Peach Growers Society, said weather poses no crop problems. Cold snaps are not expected to damage the crop, with forecasts indicating warmer days ahead and highs in the 60s to 70s.
MENTIONED IN THIS ARTICLE
Associated Press
North Carolina
John Wyatt
Candor
North Carolina Mutual Peach Growers Society
Wyatt
Sandhills
Spartanburg
South Carolina
Legislative draft awards teachers in 173 units
A Winston-Salem report notes a bill by Crew proposing annual teacher awards for the next biennium. Awards would be 500 dollars in each of 173 units, 750 dollars for eight districts, and 1000 dollars for the statewide winner, with a judges board from educational staff. No controversial measures were acted on during the session. Gov. Sanford and Council of State members mentioned.
MENTIONED IN THIS ARTICLE
Winston-Salem
Greensboro
Cherry Point Marine Air Base
Johnson to receive first honorary degree at EKSC
Vice President Lyndon B. Johnson will be awarded an honorary doctor of laws by Eastern Kentucky State College on June 1, marking the school’s first honor. He will speak at commencement and break ground for a $2.2 million physical education facility. State officials attended the trip. San ford spoke briefly before the session opened. Lawmakers and guests traveled in 14 chartered buses and toured Old Salem. They later visited Hanes Hosiery Mills and R. J. Reynolds Tobacco Co, ending with a reception and dinner before returning to Raleigh.
MENTIONED IN THIS ARTICLE
Richmond
Lyndon B. Johnson
Eastern Kentucky State College
Johnson
Sanford
Old Salem
Hanes Hosiery Mills
R. J. Reynolds Tobacco Co
Raleigh
First National Wachovia Merger Approved in North Carolina
State Banking Commissioners approved the merger of First National Bank of Thomasville with Wachovia Bank and Trust Co. Stockholders had approved the merger separately last week. A federal hearing date is pending. Attending were First National executives George D. Finch R L Pope Harry B Finch C F Phillips and Wachovia officials in Winston Salem.
MENTIONED IN THIS ARTICLE
Raleigh
First National Bank of
Thomasville
Wachovia Bank and Trust Co
George D. Finch
First National
R. L. Pope
Harry B. Finch
C. F. Phillips
Thomasville Bank
Winston- Salem
Spelling Champs Selected At Bay Street
Two Bay Street School pupils earned entry to the citywide spelling bee on Friday April 21. Mary Alice Lipscomb 12 daughter of J C Lipscomb of 616 Colonial Dr in Mrs Evely n Suttons sixth grade and Alice Price 10 daughter of Rev and Mrs William P Price of 607 Colonial Dr in Mrs Rosalene Ruscos fifth grade both competed against fourth fifth and sixth graders.
MENTIONED IN THIS ARTICLE
Bay Street School
Mary Alice Lipscomb
J. C. Lipscomb
Colonial
Evelyn Sutton
Alice Price
William P. Price
Rosalene Rusco
Taxpayer Sends His Shirt Too
Milwaukee readers report a humorous last minute tax filing scene as an IRS envelope found on Wednesday contained a note offering the taxpayer’s shirt as part of the rush to meet the deadline.
MENTIONED IN THIS ARTICLE
Taxpayer
Milwaukee
Wis
Internal Revenue Service
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