Market Mixed as Copper Cut Fails to Move Shares
Copper prices were cut by 0.5 cent per pound to 28.5 cents, but major metals stocks mostly held. Phelps Dodge rose, Anaconda steady, Kennecott slipped. oils and chemicals fell. Aircraft, rails and other sectors were uneven with a few gains, many declines, and overall light movement in response to the price cut and Washington rate hopes.
MENTIONED IN THIS ARTICLE
Merous
Phelps Dodge Corp
Phelps Dodge
Kennecott
Washington
Eisenhower
Youngstown Sheet & Tube
Lukens Steel
Chrysler
Air Reduction
American Airlines
Douglas Aircraft
du Pont
Westinghouse
Amerada
United Aircraft
Union Carbide
General
Arthritis Relief Prompts Personal Testimony From Mrs. Lela Wier
Mrs Lela Wier of Jackson Mississippi describes a dramatic recovery from Rheumatoid Arthritis and multiple joint deformities. She notes previous crippling pain and limited mobility and invites readers to write for details on the relief she received.
MENTIONED IN THIS ARTICLE
Ibite
Lela
Wier
Arbor Hills Drive
RW P
Jackson 17
Mississippi
Dow Jones Averages Reported With Mixed Trading
The bulletin shows Dow Jones averages across industrials and rails with varied closes. Trading volume tallies at 340000, 870000, and 1790000 for the listed securities, indicating fluctuating market activity.
Pains of Prosperity Highlight Economic Throes
SAM DAWSON discusses prosperity pains as high employment and incomes lift demand yet tighten credit and push prices higher. Officials cite full employment, rising wage scales, and expansion spurred by capital investment, with remedies seen in industry capacity gains and competition keeping prices in check.
MENTIONED IN THIS ARTICLE
Treasury
Shakedown Racket Details At Teamsters Hearing
Two New York electroplating firms are charged in a probe into a shakedown racket. Witnesses invoked the Fifth Amendment. Milter Holt of Teamsters Local 805 and Philip Kazansky of Local 269 refused to discuss Dio or union matters. Witness Sam Getlan denied knowledge of a New York Teamsters local listed under him. The committee alleges several ghost locals created to inflate votes for James O Rourke against James Hoffa backed by Dave Beck. Costello ties surface to Getlan’s 1928-29 slot machine work in New York and Miami before machines were outlawed.
MENTIONED IN THIS ARTICLE
Dio
Milter Holt
Teamsters Local 805
Flushing
N.Y
Holt
McClellan
D-Ark
Kennedy
Philip Kazansky
Monticello
Teamster Local 269
Sam Getlan
Teamsters Union
New York
O'Rourke
James R. Hoffa
Dave Beck
Teamsters
Paul Tierney
Beck
Getlan
Jewelry Workers Union Local 26
Frank Costello
New York City
Miami
General Fund Shows Increased July Collections in North Carolina
RALEIGH North Carolina July general fund receipts rose by 364,737 from the previous July total to 14,919,596. Sales tax fell 271,909 to 698,091, while franchise tax rose 441,795 to 3,643,430. Income tax climbed 265,469 to 2,205,681, a 13.6 percent gain.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
General Fund
Eugene Shaw
Hodges
Shaw
Khrushchev Grabs Limelight at World Youth Festival Party
In Moscow at a Kremlin party for the World Youth Festival Nikita Khrushchev dominated the crowd with cheers of Khrushchev and Friendship. He warned Defense Minister Zhukov that friendship must yield to necessity saying we have to eat while Premier Bulganin and the Presidium joined the toasts. Western ambassadors largely stayed away from the event.
MENTIONED IN THIS ARTICLE
Moscow
Kremlin
Nikita Khrushchev
Khrushchev
Georgi Zhukov
Zhukov
Bulganin
Communist Party
Navy Plans Mothballing Of 60 Ships In Cost Cut
The Navy will mothball 60 ships including the battleship Iowa and 26 other combat vessels to trim expenses. New atomic submarines and other vessels will join by next June, leaving limited impact on fighting power. Sixty ships deactivated include 8 destroyers, 16 destroyer escorts, 2 submarines, 5 transports, 5 landing ships, 2 attack cargo ships, and 21 mine sweepers. The Iowa removal leaves Wisconsin as the only active battleship. Cuts follow a Pentagon order to reduce personnel by 15,900.
MENTIONED IN THIS ARTICLE
Washington
Navy
Iowa
Wisconsin
Pentagon
Lou Boudreau Replaced as Athletics Manager
Lou Boudreau was replaced today as manager of the Kansas City Athletics by Harry Craft, a coach with the American League baseball club.
MENTIONED IN THIS ARTICLE
Chicago
Lou Boudreau
Kansas City Athletics
Harry Craft
American League Baseball
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EO Ateene
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Gulf Oil
Standard Oi
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American Tel. & Tel
the Texas Co
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Wilton C.sccece
Business Mirror
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Rebel
Mickey Moose
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Quentin
Arthur
Piedmont
Crosby
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Unit
TEL
WEBTV
Charlotte
Channel
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Roanoke
Wsjs-Tv
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Nat Cole
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AMILY
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East Commerce Street
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North Elm St
Gr. FL
Broadway
Asheville
Concord
Durham
Gastonia
Salisbury
Wilmington
American School—Dept
HPS. P. 0
Burlington, N. C
Iet
Eee State
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Thomasville Rd
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Hrwea
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Richard
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Thomasville Road
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the Prince