Market edges higher as yearend rally supports gains
New York stocks drifted into the afternoon with a quieting pace after a brisk morning. Steels chemicals and oils led gains while rails and motors fluctuated. GM traded heavily but within a narrow range as traders bet on continued yearend strength. The Dow Jones average rose and industry groups showed mixed results amid cautious sentiment.
MENTIONED IN THIS ARTICLE
New York
General Motors
Harlow Curtice
I Rails
Baltimore
Ohio
Jurist Will Answer Case-Fixing Charge
Chattanooga Tenn Criminal Court Judge Raulston Schoolfield plans a televised reply at 8 p.m. to statements alleging money changed hands to fix cases in his court. He says the program will address more than his guilt and will touch on a national matter of principle affecting all Americans.
MENTIONED IN THIS ARTICLE
Chattanooga
Tenn
Criminal Court
Raulston Schoolfield
Schoolfield
United States of America
Raulston
Bete
Nashville
Frank Clement
Clement
Amos Ragan
Deep River Farm
Oak View School Road
High Point
Office of the Register of Deeds
Guilford County
Amos R. Kearns
Horace S. Ragan, Jr
U.S. Missile Program Cost Tops Seventeen Billion
A Defense Department summary shows the United States has invested about 17.178 billion dollars in missile research, development, and production through June 1955 with stark increases after the Korean War. The report traces outlays from 1946 onward, noting major rises during 1951 to 1957 and emphasizing ongoing congressional scrutiny of missile funding and obligation items.
MENTIONED IN THIS ARTICLE
Washington
United States
Pentagon
Korea
Russia
U. S
Wi Congress
Democrats May Gain In Senate Elections 1958
The article notes potential Democratic gains in the 1958 Senate races with 20 Republican seats up, including contests in California New Jersey and Pennsylvania. It cites Bernard Shanley and Rep Kean as GOP candidates in New Jersey and mentions Proxmire in Wisconsin as a tenuous hold. Democrats target Arizona Maryland New York Michigan and West Virginia as well.
MENTIONED IN THIS ARTICLE
New Jersey
Bernard Shanley
Eisenhower
Rep
Kean
Martin
Pennsylvania
Senate
South
Wisconsin
Sen. Proxmire
Joseph R. McCarthy
California
Arizona
Maryland
New York
Michigan
West Virginia
Dow Jones Averages Reported by Bache & Co
The Dow Jones averages are listed with furnished figures from Bache and Co. Trading volume is recorded at 1,090,000 for one item and 2,280,000 for another, indicating market activity levels.
MENTIONED IN THIS ARTICLE
Bache & Co
Cotton and Steel Stocks Move in Mixed Early Trading
Cotton futures opened lower by 10 to 25 cents per bale with Mar at 36.02, May 36.11, and July 35.91. Other listed companies show varied stakes with Standard Oil 50 percent, Norfolk & Western 55 percent, Union Carbide 95 percent, and United Aircraft 53 percent forming part of a broader market read.
MENTIONED IN THIS ARTICLE
U. S. Steel
F. W. Woolworth Co
New York
Jly
DSC
Scpoeegetcce
Ware International
Standard Oil Co
Jones Steel
Johns Manville
Loew's Inc
Norfolk & Western Ry
Phillips Petroleum
Pennsylvania Railway
Pepsi-Cola
Reynolds Tobacco
Republic Steel
Sears Roebuck
Southern Ry. J. P. Stevens Co
American Tel. & Tel
the Texas Co
Union Carbide & Carbon
United Aircraft Corp
Westinghouse Electric Co
Youngstown Sheet & Tube
Uncle Sam to Aid Business as New Year Opens
The article notes a Washington shift toward boosting business with debt-limited spending and lower rates. Defense orders rise with housing funds and foreign financing expanded, aiming to lift the economy after a summer slowdown and Sputnik effects.
MENTIONED IN THIS ARTICLE
New York
Sam
Washington
Defense
Wall Street
Federal Reserve Board
Federal Reserve
Treasury
Sputnik
Ihs
Guatemala Elections At Risk From Political Split In Anti Left
Guatemala prepares for a January 19 presidential vote amid a split between moderates and Conservatives. Observers fear violence regardless of results as anti Communist forces fracture, risking a leftist comeback led by Mario Mendes Montenegro of the Revolutionary party amid lingering turmoil after the 1954 coup and Castillo Armas assassination.
MENTIONED IN THIS ARTICLE
Guatemala
Central America
Carlos Castillo Armas
Nationalist Democratic Movement
MDN
Miguel Ortiz Passarel
Miguel Ydigoras Fuentes
Congress
Guillermo Flores Avendano
Ydigoras
Jose Luis Cruz Salazar
Washington
J. E. Arden
National Lottery
Mario Mendez Montenegro
Revolutionary Party
Mendez Montenegro
Scott Gets Life Term In Prison
L Ewing Scott was sentenced to life in prison for the murder of his wife Evelyn who vanished from their Bel Air home years ago. The same jury that convicted him last Saturday imposed the life term, replacing a potential death sentence. A motion for a new trial was set for January 14 by Judge Clem ent D Nye.
MENTIONED IN THIS ARTICLE
Los Angeles
L. Ewing Scott
Evelyn
Bel-Air
Lambros
Clement D. Nye
Canada
Canadian
Detroit
Conflict over religion delays emergency appendix removal
In Richmond Indiana an 11 year old girl Judith Ann Pippin faced a swollen appendix. Religious scruples delayed surgery until Wayne County health officer Dr W R Taylor persuaded consent for a blood count and court order. Judge John H Brubaker ordered the girl into county ward if life was in danger. Judy agreed to the operation after the order. The operation last night was successful. Judy faces Christmas night recovery as the family upheld faith and law.
MENTIONED IN THIS ARTICLE
Richmond
Ind
Judith Ann Pippin
Judy
W. R. Taylor
Wayne County
Pippin
John H. Brubaker
Danae
Opera Star Eleanor to Wed Army Major in Viet Nam Meeting
Opera soprano Eleanor from Wheeling West Virginia will marry Maj Gordon G Andrews this Sunday. The pair met during her three month Asia tour and Andrews now teaches at the Army Information School Fort Slo cum New Rochelle New York.
MENTIONED IN THIS ARTICLE
Ana Ae
Eleanor
Viet Nam
Coo
Wheeling
W. Va
Gordon G. Andrews
Asia
Andrews
Army Information School
Ft. Slocum
New Rochelle
N. Y
Also Mentioned on This Page
Associated Press
U.S
Defense Department
Dow-Jones
Business Mirror
By Sam Dawson
Insurance Service
W. M. Currie
Dist
Mer
J. Leslie Andrews
C.L.A
Security Bank Bldg
Jefferson
Educational Plans
Pension Plans
Scott
Professional Life Insurance Service
George P. Clark
N. Main St
Merit Shoes
S. Main ST
Hotel A
Vlomer
Pennsylvania Station
Rover Lamp Post
Massaglia
Sente Monica
Mira San Jose
Sainte CL
Long Beach
Calif
Wilton Gallup
N.M
EL Rancho
Albuquerque
Francisc
Honolule
Waikiki
Biltmore
Manhattan
Bath
Midtown
Joseph Massaglia, JR
Charles W. Cole
Mgr
Washington, D.C
Raleigh Hertford
Conn
Bond Cincioneti
Linton
Pittsburgh
Sherwyn
Denver
Col
Park Lane
York City
New Yorker
E. Welton
M 5 Super and S Drug Store
Guilford
Sai
Highland Motors
Olds
W. Walls
Plymouth
Savoy
Chevrolet
Bob Abernathy
Roy Padgett
Spener Jackson
Bob Shoaf
Ed Taylor
Henry Phillips
Highland Motors, Inc
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