Stocks Fall Amid Broad Market Decline In New York
A sinking stock market in New York trims prices across the board as major shares slide fractions to about two points. Traders cite a shift from speculative to defensive assets and a cautious mood, with no sustained rebound despite some late turnover.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Youngstown
Lukens
Bethlehem
U.S. Steel
Republic Steel
Kennecott
International Nickel
Anaconda
Illinois Central
New York Central
Baltimore — Ohio
Chesapeake & Omo
Gulf Oil
Royal Dutch, Texas Co
Standard Oil
New Jersey
American Telephone
Consolidated Natural Gas
General Tire & Rubber
Ford
Chrysler
Douglas Aircraft
United Aircraft Zenith
du Pont
Johns Manville
Glenn L Martin
Associated Press
Dow Jones Averages And Trading Snapshot
Dow Jones averages from Bache & Co show a mixed day with industrials around 472.18 to 477.19, rails near 147.36 to 148.29, and utilities about 71.34 to 71.21. Volume figures list 520000, 940000, and 1750000 as activity indicators.
MENTIONED IN THIS ARTICLE
Bache & Co
Film Producers Name Officers
Hollywood producers re elect Eric A Johnston as president and Y Frank Freeman as board chairman at the annual meeting of the Assn of Motion Picture Producers with James S Howie named secretary treasurer yesterday.
MENTIONED IN THIS ARTICLE
Hollywood
Eric A Johnston
Y. Frank Freeman
The
Assn. of
James S. Howie
Treasury Tests Midterm Security as Money Market Thaws
The Treasury considers a longer term offering amid reports that money markets show a January thaw. Analysts note cash is looser after Christmas as firms repay loans and individuals pay bills, shaping demand for new debt. The move pits Uncle Sam against business, mortgage, and government borrowers for longer funding.
MENTIONED IN THIS ARTICLE
New York
Treasury
Sam
Lolans
Rail rate hike requests differ by region and commodity
The Eastern railroads seek a 15 percent increase while Western lines ask for 17 percent. Southern rules cap several items with hold downs including sand and gravel at 3 percent and fruits and millwork at 7 cents per 100 pounds. Lignite coal and coke have caps of 5 and 10 cents per ton respectively. Railroads argue returns would stay near 5.63 percent this year but could drop to about 3.44 percent under current rates.
MENTIONED IN THIS ARTICLE
ICC
Thurmond Chatham Dies, North Carolina Congressman
Thurmond Chatham, four term U S representative from North Carolina's 5th district, died at Duke Hospital after a heart attack at Dew's Island. A Navy veteran of both world wars, he founded Army and Navy Bulletin and served in Congress until last July 17. He was key in Chatham Manufacturing and supported Hugh Chatham Memorial Hospital. He leaves two sons and two wives, with long ties to UNC and state industry groups.
MENTIONED IN THIS ARTICLE
Olina
Sth
Europe
Chatham
Joan Folger
North Carolina Board of Conservation and Development
U.S. Woolen Wage and Hour Board
Army
Navy Bulletin
University of North Carolina
Hugh Chatham
Elkin
North Carolina Archaeological Society
National Assn. of Wool
National Assn. of Manufacturers
NAM
Richard Thurmond Chatham
Lucy Hodgin Hanes
John W. Hanes
Winston-Salem
Hugh Gwyn
Richard Thurmond
Patricia Firestone Coyner
Walter A. Firestone
Camp Hill
New York
Burt Bennett
Forsyth County
Democratic Committee
North Carolina
Duke Hospital
Dew's Island
Javisburg
N.C
Railroader Sets Safety Record
CHICAGO W A 69 year old railroad section foreman retires after 45 years without a on the job accident or crew injury. The record notes he did not miss a day due to injury.
MENTIONED IN THIS ARTICLE
Chicago W
C. M. Roddewig
Chicago & Eastern Railroad
Zimmerman
Former Car Dealer Testifies in Ford Monopoly Suit
J. H. Miller of Winston-Salem testifies in a $1,419,462 damage suit against Ford Motor Co alleging monopolistic practices. He says Ford forced his Miller Motors to fund a Lincoln Mercury ad program and to accept unwanted parts and higher prices, with threats to cut off cars. The case in Baltimore before Judge R. C. Thomson could run three weeks to a month.
MENTIONED IN THIS ARTICLE
Winston-Salem
Mercury
Ford Motor Co
J. H. Miller
Ford
Miller Motors, Inc
R. C Thomson
Baltimore
U.S. Middle District
Miller Motors
Miller
Sinking False Alarm Turns Out To Be False
Key West reports a Liberian freighter Nortuna with 35 crew aboard was believed sinking 70 miles west in the Florida Straits. After eight hours of air and surface searching, a Navy vessel located the ship in no danger, suffering only a lost propeller and accepts Coast Guard tow aid.
MENTIONED IN THIS ARTICLE
Key West
Fla
Florida Straits
Here
Nortuna
Coast Guard
Santana
Compass Island
Yamacraw
Ocean Translines, Inc
Mobile
Ala
Norfolk
Chile
Hans J. Hvide
Hivide Shipping Co
Fort Lauderdale
Yule Spirit Still Burns
Louisville report says six weeks after Christmas a Christmas tree in Thomas Moran’s home caught fire. Moran rescued the tree from Pat Moran and kept it from the window area while fire burned briefly. The cause remains unknown.
MENTIONED IN THIS ARTICLE
Louisville
Thomas Moran
Patrick
Pat
Moran
Lights On Cure Roaches At Police Headquarters
Jacksonville police sergeant Steve Torda Jr. says keeping basement lights burnin gajo three years keeps roaches away. He claims the constant light deters roaches and costs less than insecticides, noting roaches won’t enter or even approach glue on envelopes.
MENTIONED IN THIS ARTICLE
Jacksonville
Fla
Steve Torda Jr
Torda
Father Faces Hearing In Whippings
A Rutherford County father D. J. Nelon of Cane Creek faces a Recorder's Court hearing on assault charges for allegedly whipping his sons Terry 6 and Bruce 3 after suspending them from rafters with dog chains on January 20. He is free on a $2,000 bond and surrendered January 28 awaiting trial.
MENTIONED IN THIS ARTICLE
Rutherfordton
N.C. P
Rutherford County
Recorder's Court
D. J. Nelon
Cane Creek
Terry
Bruce
Nelon
Jerry
Also Mentioned on This Page
Bache & A American Can. Co
Allied Chemical & Dye
Adams-Millis Corp
American Tobacco Co
the Borden Co
Bethlehem Steel
Burlington Millis Corp
Chrysler Corp
New York Central RR
Cone Mills Corp
Carolina Light & Power
DuPont de Nemours
Eastern Airlines
Consolidated Edison
Greyhound Corp
General Dynamics
General Electric
General Motors
Goodyear Tire & Rubber
Tel
Soereneverees
Standard Oil Co Srled
Veseveevensy
Jones Laughlin Steel
DCE
Phillips Petroleum
Cicre
Pennsylvania Railway
Texas Coble Republic Steel Nited Aircraft Corp
Sears Roebuck
Osts
Westinghouse Electric Co
Southern Railway
U. S. Steel
J. P. Stevens Co
Youngstown Sheet & Tube
American Tel. & Tel
F. W. Woolworth Co
Dow-Jones
Business Mirror
By Sam Dawson
Thurmond Chatham
Washington
Knoxville
Memphis
Way Plan
Nash Jewelry Co
N. Main ST
Home Center
Bouffant
Pettiskirts
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