Mixed gains as defense mood dents aviation stocks
A volatile mid day in New York shares saw defense plays slide after President Eisenhower's messages to the Senate. Avco and Boeing traded lower while United Aircraft rose slightly, with oils and airlines advancing and steel groups softer. The Dow and bond markets showed mixed moves as investors weighed geopolitical and economic signals.
MENTIONED IN THIS ARTICLE
New York
Eisenhower
Senate
Wall Street
Avco
Boeing
Martin
Douglas
North American Aviation
United Aircraft
Associated Press
U.S
American Can Co
Allied Chemical & Dye
Adams-Millis Corp
Eisenhower urges action on Congress and UN plan
President Eisenhower pushes Congress to enact 6 of 27 measures left from May and to back farm aid and area assistance. He urges a robust UN presentation in September and warns against deficit spending vetoes. He notes civil rights progress but cites deletions in a federal grants provision and government contracts authority.
MENTIONED IN THIS ARTICLE
United Nations General Assembly
Eisenhower
Congress
United States
Congo Crisis Deepens as Katanga Tension Rises
Hammarskjold stands by offering to place troops under Lumumba if the U.N. fails to send forces into Katanga. Ghana offers its troops. Lubomirski? Congo Premier Lumumba faces Kasavubu loyalists who threaten the central government while Jabako backs confederation. Tshombe seeks talks with other leaders excluding Lumumba. The provincial leader accuses Lumumba of being a Communist tool.
MENTIONED IN THIS ARTICLE
U.N
Lumumba
Katanga
Ghana
Lumba
Kuznetsov
Hammarskjold
Congo
Henry Cabot Lodge
United States
Soviet Union
Joseph Kasavubu
Jabako
Kasavubu
Abako
Tshombe
Leopoldville
Elisabethville
Dow Jones Averages at Noon and Close
Stocks listed show the Dow Jones industri Als at 12 Noon 614.90 and 614.33 at close. Utilities rise to 92.83 from 92.06, and the transport average stands around 203.28 with higher midday readings. Volume figures indicate active trading sessions.
MENTIONED IN THIS ARTICLE
Bache & Co
Il A.m
Cee
Cuba Brings Sugar Cut to Hit US Policy and Property Claims
Eisenhower's reduction of U S Cuba sugar purchases to under three million tons risks draining the fund for American property claims as Havana rebuffs church calls for reforms. The church praised reforms like agrarian policy but urged proper compensation for seized properties. In Rome a Romans dish features roast lamb with herbs and garlic.
MENTIONED IN THIS ARTICLE
United States
Eisenhower
U.S
Cuba
Naval
Guantanamo
Havana Baseball Stadium
Castro
Manuel Cardinal Arteaga
Rome
Tax and investing tips from the Investors Guide
The guide discusses tax advantages of converting E bonds to H bonds and notes tax on value increases. It advises using Es for tax efficiency until retirement and placing future settlement funds into dividend stocks, preferreds, and cash savings. It also cautions against Skiatrons and suggests growth stocks plus discount Treasury bonds for a boy’s college fund.
MENTIONED IN THIS ARTICLE
Skiatrons
Philadelphia Electric
North America
Treasury
Evangelist Refuses Pledge On Religion In Politics
Grady Wilson says Billy Graham declined Kennedy request to sign a pledge not to make religion an issue in West Virginia primary. Wilson notes several Protestant ministers signed. Graham avoids political involvement and urges voters to study material, pray, and vote as Christians. Graham is staying near Montreux Switzerland attending church meetings.
MENTIONED IN THIS ARTICLE
Kings Mountain
N.C
Billy Graham
John F. Kennedy
West Virginia
Grady Wilson
Graham
Wilson
Kennedy
Montreaux
Switzerland
Geneva
Also Mentioned on This Page
American Tobacco Co
the Borden Co
Bethlehem Steel
Burlington Mills
Chrysler Corp
New York Central AR
Cone Mills Corp
Carolina Light & Power
Douglas Aircraft
DuPont de Nemours
Dow Chemical
Eastern Airlines
Consolidated Edison
Eastman Kodak
Greyhound Corp
International Tel. & Tel
Standard Oil Co
Jones Laughlin Steel
Johns Manville
Norfolk & Western Rny
Phillips Petroleum
Pennsylvania Railway
Pepsi-Cola
Proctor & Gamble
Reynolds Tobacco
Republic Steel
Sears Roebuck
Southern Rwy
J. P. Stevens Co
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, AN
Agel
Greensboro
High Point
Louisville - Cincinnati
Columbus
Myrtle Beach
Piedmont Airlines
Winn-Dixie
Korn
DIXIE
Astor
Sunnyland
King Korn
Thomasville
Dow Jones
Aiasiamleaesas Prev
Tvehaseeuenes
Dee Seaeneseceras
Jly Eee
Investors Guide
I.B.M
Credit Bureau OF
High Point Credit Women’s Breakfast Club
High Point Merchant's Association
Saul
Family Finance
South
Asheville
Charlotte
Concord Durham
Gastonia
Goldsboro
Raleigh
Rocky Mount
Salisbury
Wilmington
Winston-Salem
Falcon-Corvair Pee Lne
Cero E
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