Market mixed as oils lead modest uptick in midday trading
The New York stock market in early afternoon trading showed only partial recovery from a summer rally. Oils led gains from fractions to over a point while rails motors and aircrafts gained slightly and steels, chemicals, and aluminums slipped. The AP 60-average rose 30 cents to 185.20 at noon, with Industrials up 20 cents and rails up 90 cents. utilities were unchanged.
MENTIONED IN THIS ARTICLE
New York
Eisenhower
Associated Press
Inflation worries roll through consumer and business shelves
AP analysis frames inflation as a shared anxiety among housewives, businessmen, and economists. It notes higher meat and transport costs, wage pressures, and metal prices pushing retailers to raise prices, while economists warn the outcome depends on money supply and production capacity.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
NEW York
Hoys
Investors Guide Offers Stock Strategy and Cautions
The reader weighs investing 10000 of 16000 in stocks to hedge inflation, considering dividend yields, price levels, and diversification. The adviser cautions against all‑in moves, suggests selecting solid names like AT&T and New England, favors cyclical plays for inflation hedges, and warns against high dividend traps and penny uranium plays.
MENTIONED IN THIS ARTICLE
Celotex
Flintkote
A. T. & T. Maytag
Merritt Chapman
Central Aguirre Sugar
Eversharp
Int. Harvester
Stewart Warner
Am. Steel Foundry
Twentieth Century-Fox
Great Northern RR
Budd
Mooremac
Greyhound
Munsingwear
New England Electric
New England T & T
Armstrong Rubber
Benrus
New England
Industr
General Dynamics
Pan American Air
IBM
Westinghouse
Babcock & Wilcox
Kerr-McGee
Kennecott
American Electric Power
Leaf Prices Soar Above 1957 Figures At Lum berton Auction
Leaf prices at the Lum berton auction outran the 1957 opening, with buyers paying double the government support in some cases. Grower W C Canady of Cumberland County lamented poor quality tobacco sold for top prices, while officials noted trends toward loose leaf and shifts to Georgia markets. Auction averages showed notable increases across cutter, lug, priming, and nondescript grades, reflecting strong demand in the South.
MENTIONED IN THIS ARTICLE
Ed W. C. Canady
Cumberland County
Lumberton
South Carolina
Agriculture Department
Georgia-Florida
Carolinas
Earl Alford
Dillon
Georgia
Frank Ellerbe
Jayhawker State nickname origins in Kansas history
Kansas earned the nickname Jayhawker State from a slang label used for antislavery bands during Kansas territory days. The term reflects Civil War era tensions and local partisan politics shaping regional identity.
MENTIONED IN THIS ARTICLE
Kansas
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Bache & Co
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the Borden Co
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United Aircraft Corp
Loew's Inc
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Youngstown Sheet & Tube
Dee
Dow-Jones
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By Sam Dawson
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