Stocks rally as steels oils and aircrafts lead market upturn
Stocks rise in active trading with steels and oils advancing and aircrafts lifting early gains. Anaconda and Phelps Dodge gain while Boeing and the aircraft group gain on defense contracts. Allied Chemical slips as others—Goodyear, Du Pont, Dow—post modest gains amid wide roster of major issues listed by Bache & Co. 1 p.m. quotes show broad activity across chemicals, autos, and utilities.
MENTIONED IN THIS ARTICLE
New York
Suez Canal
Anaconda
Phelps Dodge
Boeing
Air Force
Douglas
United Aircraft
U.S. Steel
Republic
Bethlehem
Motors
Chrysler
Ford
Dow
du Pont
Allied Chemical
Goodyear
Goodrich
International Telephone
Southern Pacific
Loew's
U.S. Gypsum
Bache & Company
American Can Co
Allied Chemical & Dye
American Tobacco Co
the Borden Co
Bethlehem Steel
Burlington Mills Corp
Chrysler Corp
New York Central RA
Cone Mills Corp
Carolina Light & Power
Douglas Aircraft
DuPont de Nemours
Dow Chemical
Eastern Airlines
Oil Struck at 200 Feet in Glasgow Ky
GLASGOW KY Farmer William Wade ordered work on a drying well. Workmen drilled to 200 feet and hit oil. A second well was started nearby last week and as of yesterday the pumping rate was not yet determined.
MENTIONED IN THIS ARTICLE
Glasgow
K.Y
William Wade
Dow Jones Averages at Noon Close
Dow Jones industrials at 12 noon stand around 519.58 with 510.40 and 517.24 shown for comparison. The rails average sits near 166.69 with related figures 166.44 and 166.34. Utilities average is 70.83, while 65 stocks average 182.81 with 182.71 and 182.23 as nearby readings. Volume totals list 810,000 1,180,000 1,790,000.
MENTIONED IN THIS ARTICLE
Bache & Co
Platform Drafts Liberal Civil Rights Plank At Democratic Convention
The education section endorses equal educational opportunities for every American child, regardless of race or origin. Key figures like Stevenson and Harriman back a strong civil rights plank, while Dixie delegates resisted specific court de desegregation language. Rep. Celler pressed for stronger civil rights measures amid party harmony debates. Mrs. Franklin D Roosevelt selected as chief architect of the civil rights plank.
MENTIONED IN THIS ARTICLE
Adlai E. Stevenson
Averell Harriman
High Tribunal
Dixie
Emanuel Celler
New York
J. P. Coleman
Mississippi
Sen
Ervin
North Carolina
John S. Battle
Virginia
Vann H. Kennedy
Texas
Brooks Hayes
Arkansas
Celler
John W. McCormack
Massachusetts
Grace Hudslin
Oklahoma
Emma _ Guffey Miller
Pennsylvania
Gracie Prost
Idaho
William L. Dawson
Illinois
Paul Dever
Theodore Francis Green
Rhode Island
John Moss
California
Joseph C. O'Mahoney
Wyoming
Jennings Randolph
West Virginia
Thelma Parkinson Sharp
New Jersey
Democratic Party
Adlai Stevenson
Franklin D Roosevelt
Stevenson
Rep. McCormack
GOP Will Allow Polls at Delegation Conventions
GOP rules committee discusses polling delegations at conventions but faces near universal opposition. Governor Theodore McKeldin of Maryland notes the plan to keep past practice and allow members to stand up and be counted if they choose.
MENTIONED IN THIS ARTICLE
San Francisco
Rules Committee
Theodore McKeldin
Maryland
Subcommittee On Rules
Pilot collapses after emergency landing at Elk City airfield
Elk City Idaho Monday emergency landing ended with pilot Frank Small of Missoula Montana stepping from his plane and collapsing after a few steps at the air field.
MENTIONED IN THIS ARTICLE
Elk City
Idaho
Frank Small
Missoula, Mont
Elk City Air Field
Truman Attacks Adlai and Calls Democrats to Fight
President Truman pressed for a fighting Democratic candidate and accused Moderation of surrendering core New Deal principles. He disputed claims Roosevelt was moderate and dismissed reports of an acclamation nomination. Stevenson urged Democrats to blunt attacks on each other and target Republicans.
MENTIONED IN THIS ARTICLE
Truman
Stevenson
Florida
Franklin Delano Roosevelt
Franklin D. Roosevelt
Harry Byrd
Byrd
Firefighters battle garbage can blaze at Main and Park
Firemen answered a call to extinguish a garbage can fire at Main and Park streets. The incident marked the 116th alarm of the year for the local department.
MENTIONED IN THIS ARTICLE
Thomasville
Main
Park Streets
Also Mentioned on This Page
Consolidated Edison Eastman Kodak Greyhound Corp
General Dynamics
General Electric
Gulf Oil
Goodyear Tire & Rubber
International Harvester International
Tel
Standard Oil Co
J Jones Laughlin Steel Johns Manville Loew's Inc
Norfolk & Western
Phillips Petroleum Pennsylvania Railway
Pepsi-Cola Procter & Gamble Reynolds Tobacco
Republic Steel
J. P. Stevens Co
Sears Roebuck
American
the Texas Co
Union Carbide & Carbon
United Aircraft Corp
Westinghouse Electric Co
U. S. Steel
Youngstown Sheet & Tube
F. W. Woolworth Co
Hunter Coal & Oil Co
Ward St
Siegler
Heatmaker No.1
Valia
Mads Petar Gid
Rei
Urnitturie Company
Kester Brothers and Sons
Asheboro
Dow-Jones
GOP
Adlai
Harry Truman
Budgyeiser
ARK
Los Angeles
Genece
Ganass Waves
Orme
Seonoom
Erorcom
Othon
Small House Planning Bureau
St Cloud
Central Savings
Member
Federal Deposit Insurance Corporation
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