Stock Market Gains After Irregular Morning in New York
The Associated Press average of 60 stocks rose 1.20 to 260.70 at noon as gains in DuPont Eastman Kodak American Telephone and Union Carbide helped offset mixed moves in nonferrous metals aircrafts rubbers electronics and oils. Dow Jones industrial average up 5.95 to 729.04 amid otherwise mixed markets.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Wall
DuPont
Eastman Kodak
American Telephone
Union Carbide
Chrysler
Ford
U.S. Steel
Jones & Laughlin
Dow Jones
American Stock Exchange
U.S
Cotton Prices Climb On Opening Trade In New York
New York AP reports cotton futures opened unchanged to 25 cents higher per bale than the previous close.
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New York
Explaining Open and Closed End Mutual Funds
An open end fund sells and repurchases shares as you buy or sell. A closed end fund has fixed capitalization and trades like a stock. A balanced fund holds stocks and bonds. Arbitrage profits from price differences. amortization is debt reduction over time.
MENTIONED IN THIS ARTICLE
General Motors
U. S. Steel
Minister Slayed at Tecumseh Farm Home in Mystery Homicide
Police hunt for a suspect who fled in the slain minister Roy R. Decker’s car after he was beaten with a hammer tied with rope and doused with fuel before the room was set afire at the Tecumseh farm. Decker, 70, formerly Grace Methodist leader in Meadville, was found dead in a smoldering bedroom. Authorities deem it murder and pursue the car delivery by a young man.
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Brooklyn
Mich
Roy R. Decker
Tecumseh, Mich
Decker
Joseph Liebsherr
Joseph H. Ahrenheim
Grace Methodist Church
Meadville
Tecumseh
Here
Grace
Dogs top LA bites list with over six thousand victims in 1961
Los Angeles officials report more than 6,000 dog bites in 1961 from the Department of Animal Regulation. Apes, coatis, and opossums also appear in the tally with four people bitten by apes and others bitten by wild animals including ocelots. Cats and hamsters rank next with over 900 and 150 victims respectively.
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Los Angeles
Department of Animal Regulation
Coatis
Kannkajous
Elevated Train Derails In Philadelphia Killing One, Wounding Dozens
An elevated four car train derailed on a curve in northeast Philadelphia at York and Dauphin Streets. One man, Earl Giberson, 45, died. 35 others were injured. Rescue crews cleared about 100 passengers trapped before safety was restored. A fire sparked by the third rail was extinguished.
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Philadelphia
Philadelphia Transportation Co
York and Dauphin Streets
Earl Giberson
Kemen
John Somers
Jennings claims wild Western links to famous figures
The account on page 1-A quotes Al Jennings at age 14 in a Dodge City shooting contest naming ties to Dalton, Bat Masterson, Doc Holliday, Wyatt Earp, and Will Rogers. He says he met O Henry in prison and inspired some of his tales, a claim contested by Lake who recalls scholars refuting it. Jennings recounts his Virginia birth and early departure after his father killed a pet squirrel.
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Frank James
Dodge City
Dalton Boys
Bat Masterson
Doc Holliday
Wyatt Earp
Will Rogers
O. Henry
Lake
Jennings
al Jennings
Tazewell County
Sanford backs dams for Cape Fear river basin project
North Carolina Governor Sanford endorses a Army engineers plan for three large dams and multiple small dams on Cape Fear tributaries. First dam on Haw River would form a 9400 acre reservoir across Chatham Wake and Orange counties with federal funding. Project aims flood control water quality and recreation while reducing basin flood damages by about 1.0 million dollars annually. The plan awaits Board of Engineers for Rivers and Harbors review before potential congressional approval.
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Raleigh
Sanford
North Carolina
Army Engineers
Cape Fear
Haw River
New ‘Hope River
Chatham
Wake
Orange
Outlaw Turned Evangelist Al Jennings Political Fox
Al Jennings, admitted to the Comanche County bar in 1884, moved to El Reno Oklahoma and served as county attorney in 1892. He claimed to have killed murderers in a gunfight after his brother’s death and a jury freed them. Jennings later lectured, became an evangelist, ran for Oklahoma governor in 1914, and in 1915 moved to California becoming a film folklore advisor.
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Comanche County
Kan
el Reno
Okla
Jennings
Oklahoma
California
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