Stock market steadies after Kennedy remarks amid light trading
The New York market opened mixed then rose as President Kennedy said the economy faces no clear danger. By midday gains faded and the overall zone eased, with several issues retreating from earlier highs amid continued light volume.
MENTIONED IN THIS ARTICLE
Richard H. Hoenig
AP Business News
NEW York (Ap
Kennedy
Champion P&f
Ches & Ohio
Chrysler
Associated Press
DuPont de
Tel & Tel
Goodrich BF
Goodyear T&a
Greyhound
Con- Gulf Oil Corp
Int
Kayser-Roth
Liggett & Myers
Lorillard P 46
McLean
Monsanto
Monty Ward
Motorola
Nat Biscuit
Nat Dairy Pd Wes
Natl Distillers
Phillips Petr
Pogic Corp
Seeee
Werueve
Rep Stl
NEW York
Reynolds Tob
Sealed Airl
Soeueus
Sears Roebuck
Ee Sou Railway
Adams Millis
Sperry Corp
Allied Ch Abveta
Ltd Brands
Allis-Chalteeee
Ereee
Atch T&sf
Atl Coast Line
Eeees
Union Bay
UN Carbide Bdeweere
Atl Refining Obsca Ees
Union Pac Degecteees
Avco Cp
United Airlines
Balt & Opeveeee
United Aircrereeee
Bendix Corp
Burroughs Corp Oes
Caro P&l
Kennedy proposes tax cuts and reform in 1963 plan
President Kennedy outlines a retroactive to January tax cut of billions of dollars across corporate and personal rates plus long overdue reform. He says the plan would place funds in the hands of consumers and businesses with immediate and permanent benefits, seeking cooperation from Senate and House leaders.
MENTIONED IN THIS ARTICLE
George Meany
Afl-Cio
Ladd Plumley
U.S
Plumley
Kennedy
Senate
House
Wilbur Mills
D-Ark
Ways and Means Committee
Congress
Byrd
Rep
Mills
Over-Counter Stocks Bid and Ask Prices August 14 1962
A guide to unofficial stock bids and asks from Securities Dealers Inc and others as of August 14 1962. Values show approximate ranges the securities could have been sold or bought, with origin of quotations available on request.
MENTIONED IN THIS ARTICLE
Securities Dealers, Inc
National Association of But
Railroads Prepare For Court Hearing On Job Slashes
In Chicago a court hearing looms over railroad plans to slash up to 65,000 jobs arguing featherbedding. Judges may hear Wednesday on lifting a lower court injunction that blocks immediate layoffs. unions threaten a 210,000 member strike if work rules change take effect.
MENTIONED IN THIS ARTICLE
Chicago
Elmer J. Schnackenberg
U.S. Circuit Court of Appeals
Schnackenberg
U.S. Dist
Joseph Sam Perry
Kennedy
Indians Granted School Transfer
Seven Lumbee Indian children saw their transfer requests approved by the Lumberton School Board, marking the first Indians to attend white schools in the area. Board also rejected transfers for 15 Indian elementary pupils and one white student. Robeson County runs separate Indian schools in the annexed area.
MENTIONED IN THIS ARTICLE
Lumberton
N.C
Labor Unions Push 35-Hour Week nationwide campaign
AFL-CIO President George Meany announces a national drive for a 35-hour work week with double time pay for hours beyond 35. A two-pronged plan includes drafting legislation for Congress and aiding unions in bargaining while Kennedy era opposition cites space race costs. Meany argues inflation impact would be limited and unemployment would drop. Secretary Goldberg to meet with the council to discuss the proposal.
MENTIONED IN THIS ARTICLE
Chicago
Organized Labor
Afl-Cio
George Meany
Federation
Congress
Meany
Kennedy
Arthur J. Goldberg
Executive Council
Goldberg
Com
Senatorial Candidate Is Named in N C 28th District
John L. Anderson 52 of Whitney Caldwell County was named Republican candidate for State Senate in the 28th District replacing William E. Cobb who withdrew after revelations of two homes with different women. Anderson, an executive in the Fairfield upholstery division in Caldwell County, faces Democrat H. J. Hatcher Morganton attorney as the district includes Burke Alexander and Caldwell counties.
MENTIONED IN THIS ARTICLE
Morganton
N.C
John L. Anderson
Whitney
Caldwell County
Senate
N. O. Pitts Jr
Burke County
Anderson
William E. Cobb
GOP
Cobb
Roanoke
Fairchild Chair Co
H. J. Hatcher
Burke
Alexander
Caldwell
Labor leaders urged to back drive for bigger workforce
Luther Hodges and Cyrus Vance urged labor leaders to support government efforts to expand the nations labor pool without raising the per man cost of labor.
MENTIONED IN THIS ARTICLE
Merce Luther Hodges
Attorney Harry Ragen Mooing Lesson Delights Sons
In San Diego AP reports attorney Harry Ragen aimed to show his two young sons real cows. During the trip he mooed to teach, and Denny 4 corrected humorously noting his father mooed better than the cows.
MENTIONED IN THIS ARTICLE
San Diego
Harry Ragen
Denny 4
Also Mentioned on This Page
BG Ilavwatlle Financial News
High Point Enterprise
JFK
Allied Security Ins
Allvac Metals
Fidelity Life
Colonial
Drexel Enterprises
First Union Nat. Bank
Piedmont Nat. Gas
Public Ser. of
Scottish Bank
Harris-Teeter Super M
Intermountain Tel
Jefferson Standard
Kavanaugh-Smith
Lance, Inc
Life & Casualty
Li'l General Stores
Metrotek Electron
Moore-Handley, Inc
N. C. National Bank
Piedmont Aviation
Botany Industries
First Southern Pyramid Life
Standard Motor
U. S. Leasing
Wachovia Bank
Wise Homes
North State
Maxum M. Bingham
Thomasville
N. C
Dick Mors
Madras
Odds and Ends
Big Table
Church St
Paramount
Fantascope
Technicolor
Gunpuree
Kerwin Mathews
Cartoon
Cruise
Agente Neces ‘Geno
Thomasville RO
Carolyn Byrd
Big Motion
Fort Bragg, N.C
82Nd Airborne Division
Starring
Carolina’s
Carolyn Byrd and
Bobby Diamond
Richard Todd
Dow Jones
Bache & Co
A.m
Aty Pata
Geisha
Shirley Maclaine
Yves Mont and
Bob Cummings
Ely
Avn
Danielle Darrieux
Todas
Susannam York
Joss
Columbia Pictures
Abouit
Member
Federal Deposit Insurance Corporation
Randleman
Archdale
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