Market slides as Dow dips and volume stays light
New York stocks retreat in fairly active trading with the Associated Press average down 0.50 at 236.00 and the Dow Jones industrial average off 5.11 at 647.86. Several major issues pull back while some issues buck the trend as General Electric and Westinghouse drop amid antitrust price fixing actions.
MENTIONED IN THIS ARTICLE
New York
Associated Press
General Electric
Westinghouse Electric
Dow Jones
U.S
Bache & Co
Allied Chemical & Dye
Adams-Millis Corp
American Tobacco Co
the Borden Co
Bethlehem Steel
Burlington Mills
Chrysler Corp
New York Central RA
Cone Mills Corp
Carolina Light & Power
Douglas Aircraft
DuPont de Nemours
Dow Chemical
Eastern Airlines
Consolidated Edison
Eastman Kodak
Greyhound Corp
General Dynamics
Gulf Oil
General Motors
Goodyear Tire & Rubber
International Harvester
International Tel. & Tel
Standard Oil Co
Jones Laughlin Steel
Johns Manville
Norfolk & Western Ray
Phillips Petroleum
Pennsylvania Railway
Pepsi-Cola
Procter & Gamble
Reynolds Tobacco
Republic Steel
Sears Roebuck
Southern Ray
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 Reported By Bache & Co
The Dow Jones averages are shown with Industrials at 650.72, Rails 142.58, Utilities 107.88 and Stocks 210.04. Previtrade figures listed include 647.86 for Industrials and 219.27 for Stocks with volumes of 850000, 1550000, and 5210000 respectively.
MENTIONED IN THIS ARTICLE
Bache & Co
Prev. l A.m
Hypnotist Treats Fellow Prisoners
Roy Masters a jailed hypnotist serving 30 days in Harris County jail for practicing medicine without a license says his psychocatalysis method helps fellow prisoners by guiding them to confront themselves and act wisely. He describes aims to ease fears and depressions through self insight and imagined moral decisions.
MENTIONED IN THIS ARTICLE
Houston, Tex
Harris County
Roy Masters
Sanford Seeks Faster Ports Upgrade Financing Debate
Sanford urges the ports authority to choose a financing path for Cape Fear River improvements. John Reeves weighs state backed bonds versus revenue bonds for quicker build and lower risk, while Sanford favors the option saving money and endorsing state support. He backs Fayetteville inland port development as river traffic grows.
MENTIONED IN THIS ARTICLE
John M. Reeves
Ports Authority
Sanford
Reeves
Fayetteville
Cape Fear
Cumberland County
Westinghouse Antitrust Case Faces Civil Damages Prospects
The government charged a conspiracy to stifle competition under the Sherman Act with a potential civil damages path for customers harmed by overpriced electrical equipment. Four grand juries returned 20 indictments. the first six defendants were set for sentencing as proceedings continued.
MENTIONED IN THIS ARTICLE
America
Storm disrupts travel as airports and rails struggle to resume
New York City airports Idlewild and La Guardia reopen after closures since Friday. Major railroads in the city aim to return to schedule after a day without timetables. Rhode Island calls the storm the worst in 57 years with Cortland New York recording a record 40 inches of snow. Boston reports 14.4 inches while northern New England escapes the worst. Temperatures may climb into the 30s today as the storm moves northeast.
MENTIONED IN THIS ARTICLE
Idlewild
la Guardia
Rhode Island
Cortland
N.Y
Kennedy Eyes Long Range Foreign Aid Overhaul
President Kennedy may seek Congress approval for a five year foreign aid program focused on development loans and technical assistance to newly independent nations. Sen. Mansfield expects a plan that shifts burden to Western Europe and Japan with less military aid and more long term development. The State Department notes prior aid totaled $18 billion over six years, with $12 billion from the United States.
MENTIONED IN THIS ARTICLE
Washington
Kennedy
Congress
Mike Mansfield
D-Mont
Mansfield
Senate
Dwight D. Eisenhower
Japan
State Department
United States
Free World
Europe
Poland
Professor Dole Faces Traffic Charge Over Bicycle Route
Evanston Illinois professor Malcolm Dole, 57, long bicycled to Northwestern University from his home, but a dispute with police led to a traffic violation for riding on streets zoned only for motor vehicles. He plans a municipal court hearing and defends biking as a minority-friendly activity.
MENTIONED IN THIS ARTICLE
Northwestern University
Malcolm Dole
Dole
Sheridan Road
Chemistry
Evanston
Astronomy Department
Effective SUTHERINE Hemorrhoid Treatment Promoted
A four year old market ointment advertised for hemorrhoid relief by a North Carolina doctor led brand Special Formula Co Inc. It promises soothing relief and itching reduction with bleeding stoppage in many cases and offers a money back guarantee.
MENTIONED IN THIS ARTICLE
Holly
N. C
Special Formula Co. Inc
U.S. Pat
Alcoholics Anonymous groups offer free confidential help
A.A. Uptown Group and A.A. Beginner's Group advertise free confidential support for people with drinking problems with phone numbers 882 6887 and 882 1026.
MENTIONED IN THIS ARTICLE
Alcoholics Anonymous
A.A. Uptown Group
A.A. Beginner's
Violent Death Toll in NC Weekend Reaches 13
The Associated Press reports 13 people died violently in North Carolina over the weekend including two Ft. Bragg soldiers killed in a highway crash. Additional deaths were linked to a snow storm and several local incidents involving shootings and accidental deaths across Craven, Marion, Raleigh, Fayetteville, St Pauls and Jacksonville areas.
MENTIONED IN THIS ARTICLE
Ft. Bragg
North Carolina
Julian A. Parker
Wilmington
Martha Jean Parker
Julian Jr
Julian Jenkins
Asbury
Craven County
New Bern
Leo
Melton
Jenkins
Rt. 401
John Franklin Sutton
Auburndale
Fla
Thomas G. McAndrew
Philadelphia
Jenkings Woodrow Extine
Macon O'Neal
Raleigh
St. Pauls
William Howard Little
Rt. 7
Fayetteville
Jimmy Wayne Farrell
Jacksonville
Lennie Stroud
Also Mentioned on This Page
Westinghouse
By Jimmy Hatlo
Emil
Nta, GA
Storm Windows
Pua
Winston-Salem
Greensboro
Oras
ABC Jalou
NH. C
Evanston, Ill
THE
Marion
Davis
Patrol & Watchman Service
Jack S. Davis
King Korn
High Point
Dixie Darling
Sunnyland
Blue Bay
Ily
W-D
American Finance Corporation
N. Main St
Florida
Weathertron
Weathertron AA
Zett Air Conditioning and Heating CO
N. Main
S&t
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