Stock market swings as industrial outlook dims
New York stocks reversed course with the Associated Press average down about 1.00 at noon as factories cut production for a third straight month. Falls led by steels and motors while aircraft and chemical shares showed mixed movement and forecasts of slower 1958 activity persisted.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Douglas
Boe United Aircraft
Generalics
Cape Canaveral
Fla
Goodrich
American Telephone
Loew's
American Tobacco
Associated Press
Government Spending Gap Narrows as States Boost Outlays
The piece notes states and localities will spend over 36 billion dollars next year on goods and services, potentially offsetting federal cuts. It cites Northern Trust on fiscal 1956, compares federal and state funds for old age assistance and related programs, and highlights rising state local spending while federal aid dips to two thirds of former levels.
MENTIONED IN THIS ARTICLE
the Northern Trust Co. of
Chicago
Dow Jones Averages and Trading Volume Report
The Dow Jones Averages at 1 p.m. show the industrials at 490.44 with a slight drop to 490.37. Other indices indicate mixed moves and total trading volume across sessions exceeds several hundred thousand shares.
MENTIONED IN THIS ARTICLE
Bache & Co
Nsen
Local Man Arraigned In Winston
Charles Moore Jr. 27, of High Point, a Black man, was arraigned today on a rape charge. A hearing is set for Friday in Municipal Court. Winston-Salem attorneys Bob Bryant and Harold Kennedy were appointed to defend him by Judge Leroy W Sams. Moore was arrested Friday after Mrs. Al De Porter, 25, wife of Wake Forest College assistant basketball coach, said he attacked her with a knife. The torch of the Statue of Liberty goes on at official sunset and goes off at official sunrise.
MENTIONED IN THIS ARTICLE
Winston-Salem
Charles Moore Jr
High Point
Bob Bryant
Harold Kennedy
Leroy W Sams
Moore
al de Porter
Wake Forest College
Eisenhower Keeps Busy Schedule in Paris Visit
The President greeted German Chancellor Adenauer at the American Embassy in Paris then visited SHAPE HQ near Paris for a private talk with NATO commander Gen Lauris Norstad. Eisenhower described a brief illness as homesickness and noted 40 years in uniform, remaining uneasy in civilian life.
MENTIONED IN THIS ARTICLE
Zoli
Adenauer
Eisenhower
Washington
Paris
NATO
Lauris Norstad
U.S
SHAPE
Mayi Teo
France
Norstad
Mixed Christmas Outlook Across Cities Reveals Cautious Spending
An Associated Press survey of 26 cities shows retail optimism tempered by layoffs and uncertainty. Merchants report slower start but expect a strong finish with last minute buying, while shoppers limit luxury gifts and focus on essentials and games for kids.
MENTIONED IN THIS ARTICLE
New York
Los Angeles
Milwaukee
Dallas
Associated Press
Sputnik
Gerald Wise
Baltimore
California
Senate hearing debates missile testing pace and SAC expansion
Senators and witnesses clash over overtime limits and missile test delays. Douglas argues the restrictions did not hurt testing while Johnson presses for immediate SAC expansion and more dispersal bases. Bridges and Saltonstall urge boosting bomber forces amid race with Russia in space weaponry.
MENTIONED IN THIS ARTICLE
Russia
Weiss
Douglas
Lyndon B. Johnson
Johnson
Defense McElroy
Air Force
Strategic Air Command
Sens. Bridges
R-Nh
Saltonstall
R-Mass
SAC
Bridges
Senate
Republican Policy Committee
West German Chancellor's Son Wed to Swedish Heiress
George Adenauer, youngest son of the West German chancellor, marries Ulla-Britta Jeansson, daughter of a prominent Swedish businessman, in a union described as high profile by local sources.
MENTIONED IN THIS ARTICLE
George Adenauer
Ulla-Britta Jeansson
Sweden
Also Mentioned on This Page
High Point Enterprise
American Can Co
Allied Chemical & Dye
American Tobacco Co
Bethlehem Steel
Burlington Mills
Chrysler Corp
New York Central
Cone Mills Corp
Carolina Light & Power
Douglas Aircraft
DuPont de Nemours
Dow Chemical
Eastern Airlines
Consolidated Edison
Eastman Kodak Cups
Greyhound Corp
General Dynamics
General Electric
Gulf Oil
General Motors
Goodyear Tire & Rubber
International Harvester
International Tel
Standard Oil Co
Jones Laughlin Steel
Johns Manville
Loew's Inc
Norfolk & Western Ray
Phillips Petroleum
Pennsylvania Railway
Pepsi-Cola
Business Mirror
Dow-Jones
Winston
N. Main St
Dar Lee
Lke
Sputniik
Sibly
Boston
New Haven Railroad
Spartanburg,. C
F. & R. Lazarus & Co
Columbus
Ohio
Stanley
Jewelers
S. Main
Penney
Koonce
South Main
Tobias
Church
Die
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