Minuteman rocket news boosts air share rally on erratic market
New York trading showed active but uneven movement as air craft missile news spurred a late morning buying surge. The AP average slipped .20 to 234.50 with industrials down and Dow off .45 at 647.75 as bonds held steady and several sectors fluctuated.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Dow Jones
U. S
Bache & Co
Dow Jones Averages Mixed At Noon In Stocks Report
The Dow Jones averages show mixed values at noon with the Industrials around 647.46, 647.75 and 446.20 for Rails, Utilities near 106.66 to 106.88, and volume totaling about 830,000 to 4,690,000 shares, reflecting trading activity by Bache & Co.
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Bache & Co
Minuteman Rockets to Lead US Strategic Air Command Deterrent
The Air Force plans three Minuteman squadrons at Malmstrom AFB near Great Falls Montana with 55 missiles per squadron stored in 200 foot silos. The solid fuel ICBM enables remote operation and rapid launch from a network of underground posts and control centers. First train set to roll in 1963 across over 100000 miles of US rail. Each squadron costs about 110 million dollars versus Titan's 130 million for a 9-missile unit.
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Malmstrom Air Force Base
Great Falls
Mont
Air Force
U. S
Polaris
Atlas
Titan
Minuteman
Piedmont Asks To Provide Copter Service Between DC Airports
Piedmont Airlines of Winston Salem seeks CAB approval to operate helicopter or fixed wing service among Dulles International, Washington National, Baltimore Friendship, and downtown Washington and Baltimore. Hearing date not set. Piedmont serves Greensboro High Point Airport and nearby NC points.
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Piedmont
Piedmont Airlines
Wins‘on- Salem
Washington, D. C
Baltimore
Civil Aeronautics Board
New
Dulles International Airport
Washington National Airport
Baltimore Friendship Airport
Washington
CAB
Greensboro High Point
North Carolina
Santa Maria Harbor Standoff Between Galvao and Brazil
Rebels led by Galvao moved the 20,906-ton liner Santa Maria toward Recife as Brazil’s new president Quadros faced pressure to guarantee safe passage. U S Navy ships hovered for a potential passenger unloading while Adm Smith sought a quiet accord, saying terms must allow the ship to sail again for the fight against Salazar.
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Ers
Galvao
Recife
Brazil
Janio Quadros
Portugal
Antonio Salazar
Santa Maria
Brasilia
Caribbean
U.S. Navy
Ponta de Pedra
Quadros
Antonio de Oliveira Salazar
U.S
Allen E. Smith Jr
Galvay
Smith
Galvac
Ben Gurion's Future In Balance As Resignation Looms
In Jerusalem AP report veteran leader David Ben Gurion announces resignation as prime minister after failing to secure Cabinet unity on the Lavon affair. President Izhak Ben Zvi contemplates next steps as Ben Gurion plans a brief leave and caretaker cabinet remains. Lavon denies blame amid seven Cabinet inquiries and Histadrut leader Lavon faces renewed scrutiny.
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Jerusalem
Stubbon
David Ben- Gurion
Lavon
Izhak Ben-Zvi
Ben-Gurion
Pinchas Lavon
Egypt
Ben-Gruion
Toesign
Thompsons Leave Their N O Home After Boycott Break
The John N. Thompson family fled their New Orleans home during the night with little belongings amid white boycott protests. Sons Gregory and Michael, aged 9 and 8, entered McDonogh 19 under guarded silence with U S deputy marshals present as white parents protested.
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New Orleans
John N. Thompson
Thompson
Wdsu-Tv
Gregory
Michael
McDonogh 19
U.S
McDonagh
Tobacco Farmer Nets Five Cent Check On Tiny Basket
In Lexington Kentucky a farmer named H L Walker sold a 68 pound basket of Burley tobacco at two cents a pound earning 1.36. After hauling and storage costs of 1.31 he kept five cents as his payment. The source notes the broader market average above 64 cents a pound for Burley in eight states.
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Lexington
Burley Tobacco
H. L. Walker
New Congo Debate Expected To End In Deadlock
U N diplomats foresee a renewed Congo debate ending in stalemate unless the United States adopts a new middle ground policy. Adlai Stevenson signals no policy shift as Hammarskjold faces calls to restore Lumumba and recalls on Congo officials loom amid troop withdrawals. The U S plans about 20 million dollars in the next ten days to cover remaining 1960 Congo force costs.
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Congo
United Nations
N.Y .A
U.N
Security Council
United States
Adlai Stevenson
U.S
Kennedy
Dag Hammarskjold
Hammarskjold
Communist Bloc
Patrice Lumumba
Joseph Kasavubu
Lumumba
Council
Soviet Union
Czechoslovakia
Belgium
Kasavubu
United Arab Republic
Ceylon
Ghana
Foreign Legion
U.N. Congo
Riots Break Up Nairobi Political Meeting
Riot squads disrupted a 4000 attendee political meeting in Nairobi, Kenya. Supporters of nationalist leader Tom Mboya heckled speakers Oginga Odinga and Dr. Munyua Waiyaki who battles Mboya for a legislative council seat.
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Nairobi
Kenya
Tom Mboya
Oginga Odinga
Munyua Waiyaki
Legislative Council
Mboya
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