Stock market declines widen in slow New York trading
Wall Street prices slid broadly as early trading showed mixed to negative moves. Major steel, aircraft, rubber, chemical and rail issues led losses while motors, oils, and building materials fell less. The Associated Press index at noon put the Dow offset by about 1.4 billion from Friday’s close, with numerous company declines including U S Steel and Chrysler among notable movers.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Associated Press
New York Stock Exchange
Youngstown Sheet
U.S. Steel
Republic Steel
American Can Co
Allied Chemical & Dye
American Tobacco Co
the Borden Co
Eos
Bethlehem Steel
Isceee Oom Burlington Mills
Eieeee
Chrysler Corp
New York Central RA
Cone Mills Corp
Carolina Light & Power
Douglas Aircraft
Coo
DuPont de Nemours
Dow Chemical
Eastern Airlines
Consolidated Edison Eeeeee
Eastman Kodak
Greyhound Corp
General Dynamics
General Electric
Gulf Oil
Pibeceudicn
den General Motors
Isi Ia Isla
Goodyear Tire & Rubber
International Harvester
International
Pepsi-Cola
Proctor & Gamble
Reynolds Tobacco
Republic
Sears Roebuck
Southern Ray
J. P. Stevens Co
Cobees Em
American Tel. & Tel
the Texas Co
Union Carbide & Carbon
United Aircraft Corp
Westinghouse Electric Co
Youngstown Sheet & Tube
F. W. Woolworth Co
Bigness in Business Debated Across Several Fronts
The piece surveys proposals to curb corporate size, including forcing GM and Ford to split, United Fruit creating a rival firm, and a progressive corporate tax. It notes Romney's support for division, while Congress and Tax Foundation argue taxes alone won’t aid small business. The debate contrasts growth benefits with calls to shrink big firms.
MENTIONED IN THIS ARTICLE
Sam Dawson
New York
Congress
General Motors
Ford
United Fruit
House of Representatives
Detroit
George Romney
American Motors
Chrysler
Walter Reuther
Romney
Standard Oil Trust
Senate
Standard Oil
The
Tax Foundation
Foundation
Dow Jones Averages At Noon And Close In 20 Industrials
The Dow Jones summary shows noon and close figures for 20 industrials with values around 446.92 at noon and 446.09 at close. The rails list 107.77 at noon and 108.70 at close, utilities at 72.42 rising to 73.36, and the overall stock index around 152.48 to 162.06 with various volumes reported.
MENTIONED IN THIS ARTICLE
Bache & Co
Expanded Credit Urged By Waynick
Capus Waynick state adjutant general urged expanding credit to sustain the nation’s record production. He spoke to the North Carolina Association of Credit Women’s Breakfast Clubs in Winston-Salem, calling the Cold War economy driven. The group set plans for its May 18-20 Raleigh state convention.
MENTIONED IN THIS ARTICLE
Winston-Salem
Capus Waynick
North Carolina Assn. of Credit Women's Breakfast Clubs
Russia
Raleigh
Rocket May Reach Moon in Space Age Weapons Plan
At a Pentagon briefing officials said a million-pound thrust rocket engine is under study though not in hardware. Russia reportedly builds engines over 800000 pounds, while the U S Taurus Titan missile engine tops about 300000 pounds. Navy plans include submarines armed with hydrogen bomb tipped Polaris missiles and long range aircraft carrying 1500 mile missiles, potentially within five years.
MENTIONED IN THIS ARTICLE
Pentagon
Senate Preparedness
Russia
U.S
Scales Trial Enters Second Week In Greensboro
The second trial of Junius Scales in Greensboro opens its second week with no quick end in sight. Scales 37 year old UNC graduate faces charges under the Smith Act for belonging to an organization seeking to overthrow the government by violence. His defense counsel is Telford Taylor.
MENTIONED IN THIS ARTICLE
Greensborom
Junius Scales
Communist Party
Carolinas
Tennessee
Scales
University of North Carolina
North Carolina
Telford Taylor
Supreme Court
Justice Department
Jencks
High Court
FBI
Convic
Miscellaneous Musings From A Roanoke World News Page
A collage of quotes and tidbits covers nutrition notes about infant water needs, used car lots for station wagons, a police remark on a scalp injury, drone humor, bee biology, humorous table talk, movie industry economics, Morse code speed feats, a foundation garment ad headline, thoughts on kerosene’s role in missiles, and historical fuel usage trends. The items span science, commerce, entertainment, and technology with period tone.
MENTIONED IN THIS ARTICLE
Nutrition Foundation
Roanoke
U. S
Asheville
N. C
Ted R. McElroy
Foundation Garments
Homemade Bomb Found At Temple Emanu El
A dawn discovery at Temple Emanuel in Gastonia North Carolina revealed a home made bomb inside a plastic bag at the side entrance. The device contained 30 sticks of dynamite and a partially burnt fuse. Police sent the bomb to Charlotte for inspection. No arrests have been made.
MENTIONED IN THIS ARTICLE
Gastonia
N.C
Temple Emanuel Synagogue
Charlotte
Littlejohn
Ku Klux Klan
Temple Beth-El
James H. Sanders
Gaffney
S.C
Ernest Rankin
Joseph Utschen
Temple Emanuel
Cy Girard
Girard
Six Negroes face sentences for trespassing on golf course
Six men Dr George Simkins Jr Philip Cooke Elijah Herring Sr Samuel Murray Joseph Studivent and Leon Wolf must choose today between active or suspended sentences after being convicted of trespassing on Gillespie Park golf course in 1955. They warned they may appeal.
MENTIONED IN THIS ARTICLE
Greensboro
George Min
Gillespie Park
George Simkins Jr
Philip Cooke
Elijah H. Herring Sr
Samuel Murray
Joseph Studivent
Leon Wolf
Golf Club Corporation
Horace Kornegay
Golf Club
Wisconsin inventor touts Vacumatic for fuel savings
A Wisconsin firm promotes the Vacumatic Carburetor to add air to over rich mixtures, reducing gas use. Easily installed on cars trucks and tractors. Vacumatic Carburetor Co. 7617-70 W State Ave Wauwatosa offers full details to interested owners who write or postcard.
MENTIONED IN THIS ARTICLE
Wisconsin
Vacumatic
W. State
Wauwatosa
Wis
Harriman Seeks Crash Plan With Wagner On City Schools
Gov Averell Harriman urged a crash program to curb juvenile crime in New York City schools. He offered to help design it with Mayor Robert Wagner and the Board of Education, amid mass suspensions and a wave of school disturbances involving white and Black students.
MENTIONED IN THIS ARTICLE
New York
Averell Harriman
Robert F. Wagner
Board of Education
Board of Educa
James E. Allen Jr
Walter J. Mahoney
Buffalo
Mahoney
Senate
Wagner
Adam Clayton Powell
Abyssinian Baptist Church
Stanley Lowell
Harriman
Ad Offer for $1000 Life Insurance for Final Expenses
A mailed solicitation targets adults 60 to 80 offering a $1000 life policy to cover final expenses. No obligation and no calls, asking for name address and year of birth to apply with Old American Insurance Co KM Kansas City Missouri.
MENTIONED IN THIS ARTICLE
Kansas City
Old American Insurance Co
West 9Th
Dept
Kam ‘Gas City
Also Mentioned on This Page
Business Mirror
Dow-Jones
Waynick
Moon
Home Delivery
Piedmont
S. Main St
TVG l
Sieglers
Siegler
Wied
Bargain Furniture CO
English ST
Wachovia
High Point
Federal Deposit Insurance Corporation
Federal Reserve S System
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