Stock Market Slips With Aircraft Electronics Led Losses
New York stocks opened lower as aircraft and electronics shares declined. Litton Industries dropped several points while Raytheon and Du Pont eased. Avco and American Machine & Foundry moved, and rails and steels showed mixed to weak results in frenzied early trading.
MENTIONED IN THIS ARTICLE
New York
Litton Industries
Raytheon
Philco
Radio Corp
Avco
du Pont
Martin Co
North American Aviation
United Dynamics
American Machine & Foundry
Southern Pacific
General
Ditching Of Plane Near Bermuda Under Investigation
Langley Field Va AP authorities pursue an air sea search for a missing crewman after a six engine KB50 tanker ditched 200 miles east of Bermuda. Seven were rescued. Airman 2C Thomas M Payton of Hampton VA is missing. Plane was returning from the Azores via Bermuda. Officials have not stated a cause.
MENTIONED IN THIS ARTICLE
Langley Air Force Base
Air Force
Atlantic
Bermuda
Imperial St. Law
C. Thomas M. Payton
Hampton
Langley
Azores
Troops Quell Rioting In Caracas
In Caracas Venezuela crowds clashed with police as troops battled rioters roaming city sectors. Police and military units faced attacks with clubs and stones while seeking to restore order after the ousting of dictator Marcos Perez Jimenez.
MENTIONED IN THIS ARTICLE
Caracas
Venezuela
Marcos Perez Jimenez
Danish Theologian Named to Lead Lutheran Catholic Study
Dr. K. a Skydsgaard of the University of Copenhagen is appointed to direct the Lutheran World Federation research on the theology of Roman Catholicism and other Christian confessions.
MENTIONED IN THIS ARTICLE
Geneva
Switzerland
K. A Skydsgaard
University of Copenhagen
Lutheran World Federation
Dow Jones Averages and Trading Totals Summary
The data lists Dow Jones Averages across 20 rails, 15 utilities, and 65 stocks with trading volume figures of 222.59 and monetary totals of 70,000, 1,080,000 and 1,470,000.
Purchase of Firm Studied By Creditors Committee
A creditors committee in Raleigh plans a definite proposal by August 21 for purchasing the insolvent investment firm Kirchofer & Arnold Inc and its main subsidiaries Morehead City Shipbuilding Corp and Frank Corp. Mitchell said interest in reviving the shipyard could restart boat building in Morehead City. Kirchofer, head of the investment firm, said he is insolvent and denied wrongdoing as the March failure may cost about three million dollars.
MENTIONED IN THIS ARTICLE
Raleigh
Wiley Mitchell
Kirchofer & Arnold ,Inc
Morehead City Shipbuilding Corp
Morehead City
Frank Corp
Savannah
Morehead City Shipbuilding
Mitchell
R. C. Kirchofer
McDonald accuses steel firm of blackmail in strike clash
David J. McDonald head of the Steelworkers Union charges the company tried to blackmail the government to avoid intervention in a three week steel strike. R Conrad Cooper of U S Steel denies threats and calls for union attitude changes as federal mediators aid ongoing contract talks.
MENTIONED IN THIS ARTICLE
NEW York (Ap
David J.mcdonald
Steelworkers Union
R. Conrad Cooper
Cooper
McDonald
Federal Me
Joseph F. Finnegan
Federal Mediation and Conciliation Service
Finnegan
United Steelworkers of America
United States Steel Corp
Debt or in Possession Arrangement Under Bankruptcy Law
The case describes assets moving into a debt or in possession status as allowed by federal bankruptcy law. It notes the debtors’ control over property and the implications for creditors under bankruptcy proceedings.
Mormon pageant to run August third at Hill Cumorah
In Palmyra New York the Latter Day Saints will stage its 18th annual music and dramatic spectacle on Hill Cumorah August 6 7 and 8. The event showcases the denomination’s origins at the site of its birth.
MENTIONED IN THIS ARTICLE
Palmyra
N. Y
Latter-Day Saints Church
Mormon
Also Mentioned on This Page
High Point Enterprise
U.S. Steel
International Nickel
Pan American World Airways
Southern California Edison
Avcoup
General Motors
Goodyear Tire & Rubber
International Harvester International Tel
Standard Oil Co
Jones Laughlin Steel Johns Manville Loew’s Inc
Norfolk & Western Rwy
Petroleum Pennsylvania Railway
Pepsi-Cola Procter & Gamble Reynolds Tobacco
Republic Steel
Sears Roebuck Southern
American Tel
Tel
the Texas Co
Union Carbide & Carbon
United Aircraft Corp
Westinghouse Electric Co
U. S. Steel
Youngstown Sheet & Tube
F. W. Woolworth Co
Dow-Jones
Cotton Mar
L’s Office Equiment CO
Main ST
C. A. Benfield
Beaucrest RD
Leonard ST
Gladiola Biscuits
Oscar Mayer
Maxwell House
Hollingsworth Food
Centennial
Eiece
Seddenwies Conn
Weathertron ML
Electric
Johns-Manville
Lems
Washington
Stuart Symington
D - MO
Senate
Eisenhower
Cuttack
India
B. R. Moses
Baptist Union of India
All-India Baptist Assembly
Piedmont
West Washington St
Ward ST
N. Wrenn ST
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