Market gains mixed as yearend trading boosts steel and oil shares
Stocks rose on heavy yearend turnover with Bethlehem Steel Youngstown Amerada and U S Steel leading gains. Oil majors advanced while Chrysler and Ford slid fractionally, and rails showed mixed moves. The AP average rose to 181.30 as fractional advances highlighted a diverse session.
MENTIONED IN THIS ARTICLE
New York
Suez Canal
Bethlehem Steel
Youngstown
Amerada
U.S. Steel
American Cyanamid
Royal Dutch
Standard Oil
California
U.S. Rubber
Sears Roebuck
Consolidated Edison
Anaconda
Union Carbide
American Can
Texas Co
New Jersey
Loew's
National Distillers
United Air Lines
Motor
Chrysler
Ford
General Motors
Studebaker-Packard
Illinois Central and Southern Railway
Baltimore & Ohio
New York Central
Santa Fe
Allied Chemical
United Air
Bache & Company
American Can Co
Allied Chemical & Dye
Adams-Millis Corp
American Tobacco Co
the Borden Co
Burlington Mills Corp
Chrysler Corp
New York Central AR
Cone Mills Corp
Douglas Aircraft
DuPont de Nemours
Dow Chemical
Eastern Airlines
Eastman Kodak
Greyhound Corp
General Dynamics
General Electric
J. P. Stevens Co
American Tel. & Tel
the Texas Co
Union Carbide & Carbon
United Aircraft Corp
Westinghouse Electric Co
U. S. Steel
Youngstown Sheet & Tube
F. W. Woolworth Co
Dow Jones Averages at Noon and Close Summary
The Dow Jones Averages reported noon and 1 pm figures with 30 industrials at 497.61 and 496.41, rails around 153.47 and 153.56, utilities near 368.49, and 68.32. Total volume listed as 660,000 at noon, 1,260,000 at another reading, and 2,790,000 overall.
MENTIONED IN THIS ARTICLE
Bache & Co
Tee
Middle States to Feel Heavy Snow as New England Suffers
Snow and colder air sweep the Middle and North Atlantic coasts with widespread flurries in the Great Lakes. New England endures one of its worst recent snowfalls with Concord New Hampshire reporting 14 inches and Maine receiving eight to twelve inches. Heaviest drifts reported in upper Michigan and western New York.
MENTIONED IN THIS ARTICLE
New England
Middle
North Atlantic
Great Lakes
Pacific Northwest
United States
Weather Bureau
Central
Plains
Mississippi Valley
Canada
Pennsylvania
New York
Upper Michigan
New York State
Buffalo
N.Y
Houghton
Mich
Grand Marais
Concord
N.H
Maine
Postwar business failures hit record in 1956
SAM DAWSON reports that 1956 set a postwar record for business failures and liabilities. Dun & Bradstreet cites 10,705 failures in the first ten months, with 30 percent higher liabilities than 1955. Inexperience and poor capital, along with inflation and shifting populations, drive mortalities, though overall counts balance with new openings.
MENTIONED IN THIS ARTICLE
New York
Dun & Bradstreet
Dun
Weather Report With Temperatures And Sunrise Set
The forecast notes a low of M4 tonight and a high of 48 tomorrow. Today’s high reached 58 with a low of 28 last night. Sunset is at 5 16 p m and sunrise at 7 31 a m.
World Champion Liar of 1956 Named in Wisconsin
Albert B Hopkins of Madison wins the Burlington Liars Club contest with an earthy tale about hogs ends in doom from sticky gumbo soil. The 49 year old electroplater earns the club’s gold plated medal for his yarn about hog tails and fatal fatigue in South Dakota.
MENTIONED IN THIS ARTICLE
Burlington, Wis
Albert B. Hopkins
Madison
Wis
Burlington
Liars’ Club
Hopkins
South Dakota
Claude Yerkes
Kalispell
Mont
Five Held After Still Captured in York County
Five men were arrested after lawmen wrecked an illicit liquor operation in New Zion York County. Officers destroyed 390 gallons of liquor valued at 1950 dollars and 51 vats of cash estimated to hold 17 000 gallons. Three autos and a truck were seized. The barnlike structure near Robert Linker’s home housed the still and a truck driver along with George Hart Doug Hart Quenton Ferguson Junior Dishman were arrested.
MENTIONED IN THIS ARTICLE
York, S.C
New Zion
York County
Floyd Allison
Robert Linker
Linker
Allison
George and
Doug Hart
Lenoir
N.C
Quenton Ferguson
Wilkesboro
Junior Dishman
Mooresville
FBI Seizes Top Fugitives Chicago Connection
FBI agents arrested Joseph Bragnola in Chicago, a top ten fugitive sought in a five year man up hold up slaying of New Orleans dealer Henry Stern. Bragnola, 40, claimed to be hired gunman. arraignment set before U S Commissioner C S Bentley Pike.
MENTIONED IN THIS ARTICLE
Chicago
FBI
Joseph James Bragnola
New Orleans
Bragnola
Henry Stern
U. S
C. S. Bentley Pike
Stern
J. Edgar Hoover
Washington
Hoover
North and South Carolina Weather Forecast Summary
Forecast calls for partly cloudy skies and warmth this afternoon, turning cooler Tuesday in the Carolinas. Highs reach 58 to 66, with lows near freezing in the mountains. Rain likely midweek, cooler in the north, rainfall totals around a quarter to half an inch on the coast and 2 to 4 inches inland.
MENTIONED IN THIS ARTICLE
North Carolina
South Carolina
Mountains
Piedmont
Coastal
Dulles Plans UN Briefing as Middle East Policy Debate Deepens
Dulles to explain U S policy to U N head Hammarskjold and fly to Washington to join Eisenhower in pressing congressional leaders. Britain reacts favorably to the U S outline while Paris reports Soviet moves in Syria including 250 technicians and a purge of pro Western officers.
MENTIONED IN THIS ARTICLE
Hammarskjold
Dulles
Washington
Eisenhower
London
Eden
U. S
Middle East
Paris
New York Herald Tribune
the Herald Tribune
Shukri Kuwaily
Moscow
Syria
Russia
Latakia
Abdul Hamid Serraj
Former Governor Curley Shows Improvement Amid Illness
Boston, Dec. 14 82 year old former Gov James Michael Curley underwent emergency operation to stem massive bleeding near a stomach ulcer. He had been in City Hospital since December 14 for treatment of two shoulder fractures from falls at his home.
MENTIONED IN THIS ARTICLE
Boston
James Michael Curley
Curley
City Hospital
Raiders Attack Police Barracks in Northern Ireland
IRA raiders attacked a police barracks near the border in Belfast killing 22 year old Con stable John Scally. They blew in the front door with a bomb and after rifle fire escaped across the border into the Irish Republic six miles away. The IRA demands merger of Northern Ireland and the Irish Republic.
MENTIONED IN THIS ARTICLE
Belfast
Northern Ireland
Irish Republican Army
John Scally
Irish Republic
I.R.A
Ulster
Government to Hold Meetings in Offices After Criticism
Tokyo officials ordered that cabinet members conduct business in their offices or other venues rather than plush restaurants, a decree issued in response to strong public criticism.
MENTIONED IN THIS ARTICLE
Tokyo
Japan
Also Mentioned on This Page
Associated Press
Middle Atlantic
Central Great Lakes
Northwest Pacific
Dow-Jones
North Atlantic States
THE
Business Mirror
By Sam Dawson
Charlotte
Official Weather Bureau
Atlanta
Birmingham Tenner
Charleston
Columbia
Denver
Detroit
Evansville
Galveston
Greenville
C. Erreee
High Point
Little Rock
Los
Memphis
Meridian
Miami
Myrtle Beach
Raleigh
San Antonio
San Francisco
Savannah
Wilmington
By F. H. Bordsen
Union Watch Night Service
Mitchell's Grove
Vickery Chapel
Burnett's Chapel
Oakdale
Bates Memorial
Hickory Chapel
Public Business
Valetone Quality
N. Main
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