Stock market slips after margin rule tightening
New York reports markets fall as the Federal Reserve Board raises margin requirements to 70 percent from 50 percent. Major issues retreat with Aluminums, steels, and chemicals among the weakest. Du Pont and several others decline while Ford and Kodak post small gains.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Magma Copper
Reynolds Metals
Jones & Laughlin
Lukens
U.S. Rubber
Eastern Air Lines
Allied Chemical
Magma
Reynolds
du Pont
U.S. Steel
Republic
Youngstown Sheet & Tube
General Motors
Chrysler
Boeing
General Dynamics
Raytheon
American Telephone
Anaconda
Kennecott
General Electric
Johns Manville
Ford
Penn-Texas
American Smelting
Eastman Kodak
Aluminium Ltd
Stocks slip at midday as AP index nudges lower
The Associated Press average of 66 stocks at noon fell by about 1 to 184.80. Industrials down 50 cents, rails down 1.20, utilities down 20 cents. Stocks at 1 p.m. per Bache & Co. show varied gains and losses across major firms including American Can, Bethlehem Steel, Dow Chemical, General Electric, Gulf Oil, IBM, Sears Roebuck, U.S. Steel and Westinghouse Electric.
MENTIONED IN THIS ARTICLE
Associated Press
American Can Co
Allied Chemical & Dye
Adams-Millis Corp
Apabetenes Tobacco Co
the Borden Co
Bethlehem Steel
Barington Mills
Echsler Corp
New York Central RR
Cone Mills Corp
Carolina Light & Power
Douglas Aircraft
DuPont de Nemours
Dow Chemical
Eastern Airlines
Consolidated Edison
Eastman Kodak
Greyhound Corp
General Dynamics
General Electric
the Texas Co
Union Carbide & Carbon
United Aircraft Corp
Westinghouse Electric Co
U. S. Steel
Ace Sheet & Tube
Woolworth Co
Ostrex Tonic Tablets Promoted For Pep And Youth
An old classified style ad touts Ostrex Tonic Tablets promising increased pep and a younger feeling. It claims to include iron and a therapeutic Vitamin B dose to boost energy. The copy targets husbands and wives and ends with a note that all druggists carry the product.
Dow Jones Averages Reported By Bache Co
A brief stock market note outlines the Dow Jones averages as reported by Bache Co. The item notes general market movement and highlights the performance of key indices for investors monitoring early trading trends.
Quakers Express Concern At Guilford College Session
About 500 members of the North Carolina Yearly Meeting of Friends gathered at Guilford College for the 261st annual session. The group noted the Hiroshima anniversary while pledging to make their testimony felt amid world crisis. Budget for 1957 58 totaled $40 800 76 with a shortfall of $1 474 24 and B Clyde Shore was recommended for reappointment as treasurer.
MENTIONED IN THIS ARTICLE
Greensboro
North Carolina
North Carolina Yearly Meeting of Friends
Guilford College
I. Newlai
Hiroshima
Home For
Newlin
Central Committee
B. Clyde Shore
Low Quality Leaf Prices for Various Grades Reported
The News Service notes heavy sales in some markets while warehouses run under capacity. Price ranges include fair lemon cutters 70 to 72 dollars and low orange primings 40 to 55 dollars, among other grades with similar spreads.
Kierdorf Linked to Union Probe and Payoff Allegations
The article reports a political inquiry into union corruption with Frank named as accused of taking payoffs to halt strikes and pressuring employers over labor counseling services. Herman Kierdorf was questioned over alleged shakedowns in Detroit industrial laundry. Both invoked the Fifth Amendment as the committee pursues the case.
MENTIONED IN THIS ARTICLE
Frank
Kierdorf
Herman Kiecorf
Detroit
Aft
Suit Against Governor Settled In Durham Case
A property damage suit involving Gov. Luther Hodges and U.S. Sen. Everett Jordan was settled out of court in Durham. Plaintiff Eva E. Perry of Norfolk, Virginia, claimed Jorges, Inc. and Hodges allowed state vehicles to cut a private road, causing devastation to timber and earthworks on her property during restaurant construction on Chapel Hill Boulevard. Settlement terms were undisclosed in a judgment signed by Judge Henry McKinnon Jr.
MENTIONED IN THIS ARTICLE
Durham
Luther Hodges
U.S
Everett Jordan
Eva E. Perry
Norfolk
Jorges, Inc
Jordan and Hodges
Chapel Hill Boulevard
Henry McKinnon Jr
Robber Steals $7,407 From Wachovia Branch in Charlotte
FBI agents pursue leads after a heavyset gunman robbed the Sedgefield Wachovia Bank branch of 7407 dollars. He forced workers into a vault and fled in a late model car. Clerk Harper E. McArver reported the heist as fingerprints are lifted and the public urged to aid investigations.
MENTIONED IN THIS ARTICLE
FBI
Harper E. McArver
McArver
Tom Shields
Judges Flip Coin To Name Presiding Judge In Harrisburg
A decision by Attorney General Thomas D. McBride formalizes a longstanding practice for state court judges elected together. The senior judge will assume the presiding role, coin flip as tiebreaker if needed.
MENTIONED IN THIS ARTICLE
Harrisburg
Atty
Thomas D. McBride
Judge Grants Prince Edward County Seven-Year Desegregation Delay
Federal Judge Sterling Hutcheson ruled Prince Edward County may delay desegregation until September 1965, amid Virginia’s mass resistance strategy. The decision shifts focus from Prince Edward to other counties facing possible school closures if integration proceeds.
MENTIONED IN THIS ARTICLE
Richmond
Prince Edward County
Virginia
Sterling Hutcheson
Prince Ed
Ward
Hutcheson
Prince Edward
Arlington County
Norfolk
Charlottesville
Five Draw Terms In Day At Court
Municipal Court Judge pro tem T Lynwood Smith presided over a busy session delivering active sentences to five defendants while another was bound over to Superior Court. Jennie Jones owner of Big Sis Place received six months in the county workhouse for shooting Nathaniel Quick who was convicted of assault and disorderly conduct. Quick faces further hearing on an assault charge.
MENTIONED IN THIS ARTICLE
T. Lynwood Smith
Forter Day
Smith
Superior Court
Jennie Jones
Fairview Street
Big Sis’ Place
Nathaniel Quick
Quick
Vall Street
Jones
Bees Singleton
Luther Coble Jr
W. Point Avenue
Sandy Ridge
Coble
Ethel Mae Hilton
Leonard Street
Haworth
Grady Stafford
Taylor Street
Mack Weaver
Donald G. Spencer
Franklin Street
E. B. Spencer
Donald Brewer
Ft. Jackson
S. C
Darrell Junior Phillips
Route 5
Fred Flagler
Also Mentioned on This Page
High Point Enterprise
Tobey
Andie
New York
Bache & Co
Dow-Jones
Bache Co
Prev. P.m. Close . Ir
Wfmy-Tv
Amos ‘N’ Andy
Douglas Edwards
Mr. Adams
Eve
Storts
Arthur Godfrey
Stu
Art Linkletter
Wsoc-Tv
Charlotte
Wyatt Earp
Sir Lancelot
Bob Cummings
Man
RCA Victor
Dumont
Admiral
Television Sales & Service
North Main ST
Wsjs-Tv
Winston-Salem
Garroway
WBTV
General Tires
Hughes Tire Service, Inc
Hughes
North Main
Wsls-Tv
Roanoke
Royal Playhouse
Uncle Looney
Dotto
Robert Cummings
Jack Paar
Midway Z Theatre
Pat Boone
Shiecey
Richard Arien
Blackmailer
Supreme Court
Lula Wright
Westchester Drive
Bryant
Andren R. Robinson
Miller Street
William Rufus Edwards
Mendenhall Street
N. Main Street
Leola Turner
English Street
Lucille T. Duffy
Boyer Street
Charles Chamelin
Route 1
Kernersville
John Wade Welborn
Tremont Street
Thomasville
City Lake
Gerald Wheat
William Teal
Redding Street
Jerry R. Daniels
Francis Street
Amal Bisa
Eld Ds
Piedmont
York
Hunter Coal & Oil CO
Ike
Tyrone Power
Mai Zeiterling
Lloyd Nolan
Dey
Jock Mahoney
Gilbert Rolamd
Unda Cristal
Duamd
Frank Carl Denton
Red
G.i.'s
Dana Wynter
Mel Ferrer
Dolores Michaels
Technicolor
Cornell Wilde and
Jean Wallace
Marcaibo
Low Alto
Gary Cooper
Gary
Audrey Hepburn
Maurice Chevalier
Ua Ad
Billy Wilder
Lai Th
Robert
Tey
corTee
Earyt- Berchar
The
Accrediting Communion of the Netional Home Study Council
Commers High School
American School
F. C
Burlington
N. C
City
Tel
Walt Asseyass
PNB
Bamena
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