Market Drops Sharply Amid Broad Selloff On News Despite Gold Rally
Heavy selling pushed the Dow to 853.77 and the AP average to 319.4 as industrials, rails, and utilities fell. Gold mining shares advanced as investors sought refuge and a world price increase proposal spurred demand for gold stocks. Trading volume rose with 2.33 million shares by noon, while concerns over how far the downswing will go weighed on sentiment.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Bache & Co
New York Stock Exchange
International Harvester
IBM
Anaconda
Ceere
Benguet
United Industrial Corp
American Stock Exchange
Syntex, Nae
Aerojet
Magnavx
Asama Ee
Marathon
Asta Oil & G
Mar Mid
Bri DonAir
Cdn
BucyEr
Draper 2 Enes
Fargo Oils Avi Eaeiea Ne
Basidan Montdu
alFly Tiger Cal Fins
Vo MontWard
Kaiser
Wees CarterPol
Kratter
CaterTrac
NatFuel
Mackey Air
McCat VW Cencoiist
NatGyps
Mead John i
Berre
Nat, Steel
Ric Ghein
Nycent
Scur
NA Avia
NorNatGas
SyntexCp
al Norp
Northrop
Webb& Knapp
NwstAkt
Norweh
Eatentitias
Divi- CotlinRad
Colt Indust
Occident
Ohio
Wipeeial
Col Gas
Penn Dixie
Lola
Penney
CrowColl
Crown Cork
Phila
DeltaAir
DetEdis
RalstanPur
Bark Disney 406
Dist Seag Ni
Rayonier
Reading Co
Doug Airant
Dresser
duPont
Revion
RexaliDr
ReynMet
East Air Lin
OOOM
Rheem
EastKo
Romr Corp VN
Ind. Rails Util
Eaton Mig
Elect Assoc
A Ryder Syst
Eipasong
Emerson E
Safeway St
EmerRad
Safeway
John
Stros
ErieLack
Evership
Iain Schenney
Faircam
Ferro Corp
Sears
Sinclair
FMC Corp Foote M
Singer Co
Ford Met
Frito Lay
Soucale
PruenCo
SouthnCo
Sounatg
Gamsk
SouPac
Ite
South Ry
Sperry Rand
GenErec
Gen Foods
Kollsman StBrands
GenMills
GettyOu
Stevens
Studebaker
Sun Oil
Life
Swift
Amer. Furn. Co
Granau
BBS Studios, Inc
Texaco
Texgsul
Colonial
Texinsim
Elect
Texp Ldise
Textron
First Southern Co
Gulf Life Ins
al Harrie
Hanna Cola Az Transam
Jefferson Stand
Transitron
Lance, Inc
Beerenee
ABC
Hewlett
Life & Cas
Ins
N. C. Nat. Bank A
Piedmont Aviation
House
Wea
Airett
Pyramid Life
Alleg Pw
Wwe
Wach
Bank & Trust
AlliedCh
Interik Ir
US Steel
Eipw
Son
Slint T&t
Univ Oupa
Stecks Br
Jonns Manv
Venanst
Rails
Motors
VaEiPw
Gs- Kaiser Ai
KaiserRo
Walworth
Kim Clark
Zinc
Vette
Westa Md
AMP Inc
Kresge
Wintel
Amph Borg
Anxen
LenPorCem
Eru Armcogt
VailLen
Wilson Co
Armourvais Eo WinnDix
Atchison
Mat Aveo Corp
Beckman
MackTr
Bell
Renee
Over-Counter Stocks and Quotation Clarifications
The listing notes that O10 end asked prices come from the National Association of Securities Dealers and other sources, are unofficial and not transactions. They indicate approximate ranges for potential bids and asks and are available upon request.
MENTIONED IN THIS ARTICLE
National Association of Securities Deelers, Inc
Bowers Elected By Contractors
Raleigh contractor Glen W Bower elected president of Carolinas Branch Associated General Contractors of America. A M Quattlebaum of Florence named vice president. Charlesworth McCrory and others named to board. convention with 600 attendees wraps Wednesday.
MENTIONED IN THIS ARTICLE
Boca Raton
Fla
Raleigh
Glen W. Bower
Carolinas
Associated General Contractors of America
A. M. Quattlebaum
Florence
S.C
P. Craig Gaskell
C. P. Street Construction Co
Charlotte
Miss. Ruth Sale
AGC
E. M. Benbo
Crain & Benbo Inc
Durham
M. L. McCrory
McCrory Construction Co
Columbia
James T. Triplett
James T. ‘Triplett Inc
Chester
John W. ‘Thompson
Thompson-Arthur Paving Co
Greensboro
George W. Kane Jr
George W. Kane Inc
Henderson, N. C
W. F. Lee
Lee Construction Co
H. M. Mims
J. F. Cleckley & Co
Orangeburg
J. Cooper Shackelford
Potter-Shackelford Construction Co
Greenville
S.C. F. J. Blythe Jr., of Blythe ‘Brothers Co
Harris Profile on Death, Education, and Economic Hopes
A survey describes how people value non material beliefs versus material goals for the future. Personal losses especially death shape attitudes, with JFK’s assassination noted as a rare long lasting impact. Many prioritize family health and education, linking them to economic advancement.
MENTIONED IN THIS ARTICLE
New Jersey
John F. Kennedy
California
Europe
Cy Tave
Arthur Lorne James Death of Air Defense Leader at 61
Arthur Lorne James former head of Canada's Air Defense Command died Sunday. James was vice president and director of Bristol Aero Industries Ltd.
MENTIONED IN THIS ARTICLE
Canada
Air Defense Command
James
Bristol Aero-Industries Ltd
Patent Settlements End Getaz Toe Closure Dispute
Consent decrees signed in two patent infringement suits over the Getaz toe closure method for hosiery. Frank D. DeLong Jr. led the Getar Joint Venture Licensing Program against Bosong Hosiery Mills and Butler's Shoe Corp. Decrees restrain future infringement and release customers from liability while declaring the patent valid. Settlements spared details on monetary amounts.
MENTIONED IN THIS ARTICLE
Getaz
Frank D. DeLong Jr
Getar
Bossong Hosiery Mills, Inc
Butler’s Shoe Corp
Adams-Millis Corp
Bear Brand Hosiery Corp
Illinois
James Getaz
New York
DeLong
Bossong and Butler's
Bossong
Jaclyn Hosiery Mills
Patricia Hosiery Mills
Butler
C. W. Anderson, Hosiery Co
Dapper Hosiery Mills
Whitmore Hosiery Mills
South Caroina
German General Recalls Bastogne Raid and Nuts Letter
Retired German General Luettwitz recounts Bayerlein's failed Bastogne approach during the Bulge, the capture of McAuliffe, and the American reply. He describes the surrender gesture with a white card reading Nuts and notes the subsequent Allied relief by Patton and his own capture in 1945.
MENTIONED IN THIS ARTICLE
Bayerlein
Bastogne
Anthony C. McAuliffe
Luettwitz
McAuliffe
Paris
George S. ‘Patton
U.S. Army
Iserloyn
Germany
Danube River
United States
Seven policemen face trial at Mecklenburg Superior Court
At the January term seven Mecklenburg policemen led by Chief Hord faced charges with no pleas entered. Former detective Bernie Stogner pleaded innocent to two misdemeanors and moved to quash four indictments. Mrs Helen Virginia House Kuhlman pleaded innocent to manslaughter in the 1953 Charlotte infant death and remains free on $1000 bond awaiting January term. Allen A Bailey argued indictments should be quashed as police officers may not be public officials under the statute or common law.
MENTIONED IN THIS ARTICLE
Superior Court
Hord
Bernie Stogner
Helen Virginia House Kuhlman
Mecksville
Charlotte
Mecklenburg Superior Court
Allen A. Bailey
Kenneth Downs
Cedar Falls Ex-Postmaster Placed on Five-Year Probation
Mrs Priscilla J Harmon formerly Cedar Falls postmaster was placed on probation for five years after pleading guilty in Federal Court to mail theft charges. The offenses occurred earlier this year while she served as postmaster.
MENTIONED IN THIS ARTICLE
Greensboro
N.C
Priscilla J. Harmon
Cedar Falls
Bastogne Siege Retold A One Word Reply
The article recalls the 1944 Bastogne defense during the German siege. General McAuliffe and Col. Harper exchange the famous nuts reply after a German surrender demand. Air support was blocked by fog and supplies failed to reach the town until airdrops resumed.
MENTIONED IN THIS ARTICLE
Bastogne
U.S
U.S.A
McAuliffe
Joseph H. Harper
Harper
Hiatt Named Life of Virginia Man of the Quarter
Joseph F Hiatt of Thomasville is honored as Life of Virginia Man of the Quarter. He attended High Point College and the University of New Mexico, joined Life of Virginia in 1957, completed a Life Underwriter Training Council course, and serves as secretary treasurer of the Thomasville Association of Life Underwriters.
MENTIONED IN THIS ARTICLE
Joseph F. Hiatt
Life of Virginia
Mr. Hiatt
Thomasville
High Point College
University of New Mexico
Life Underwriter Training Council
Hiatt
Thomasville Association of Life Underwriters
Trinity of Church
of Virginia
South
North Carolina
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