Stocks Rebound With Broad Gains Led by Steel and Motors
A market upswing after four down days left stocks higher early afternoon with gains from fractions to over a dollar. U.S. Steel Republic and Lukens led steel advances while Ford, American Motors, and Chrysler posted notable moves. Quotations show numerous names with mixed pennies and percent changes as Trading desks report volume around 600,000 to 3.1 million shares.
MENTIONED IN THIS ARTICLE
New York
U.S. Steel
Republic
Lukens
Ford
Motors
American Motors
Chrysler
Sturgis
Ratan Company
Security Bank
Bache & Co
American Can Co
Allied Chemical & Dye
American Marietta
American Tobacco Co
Billups Petroleum
the Borden Co
Colonial Stores
Bethlehem Steel
Commonwealth Life
Burlington Mills
Drexel Furniture
Chrysler Corp
Ooll
Tecoe
Cone Mills Corp
NC Tel Co
Carolina Light & Power
N.C
Douglas Aircraft
Pyramid Life Ins
DuPont le Nemours
Dow Chemical
Eastern Airlines
United Ins. Co
OSS Consolidated Edison
Machovia Bank
Eastman Kodak
J. N. Rawleigh Co. A
Greyhound Corp
General Dynamics
International Harvester
General Electric
Gulf Oil Pe M International
General Motors
Standard Oil Co
Goodyear Tire & Rubber
Jones Laughlin Steel
Johns Manville
Loew's Inc
Norfolk & Western Rwy
Phillips Petroleum
Pennsylvania Railway
Union Carbide & Carbon
United Aircraft Corp
Westinghouse Electric Co
U. S. Steel
Youngstown Sheet & Tube
F. W. Woolworth Co
Tornado Rips St Louis Smashes Towers and Arena
A powerful tornado struck St Louis tearing down the 575 foot KTVI tower and the 385 foot KXLW tower. Civil Defense activated with Brigadier General Hardaway coordinating rescue and looting reported as eighty National Guardsmen stood by. An ornamental Arena tower and a skating rink suffered severe damage as police patrolled dark streets and a vendor sold papers amid the destruction.
MENTIONED IN THIS ARTICLE
KTVI
St. Louis
KXLW
Bob ‘Hetherington
William McAllister
Civil Defense
Francis P. Hardaway
Tax Plan Defended by North Carolina Governor Hodges
Governor Hodges defended a plan to shift to income tax withholding starting January 1 1960 with 1959 taxes due April 15. He said per person impact would be small usually under a dollar a week and opposed any forgiveness of taxes. He warned new taxes may still be needed depending on the economy over the next three months.
MENTIONED IN THIS ARTICLE
Hodges
North Carolina
Houges
Night club storm described with blue flash and roar
Eyewitness recalls a sudden storm strike at a night club area with a blue flash light and a terrible roar. He says the ground shook and there was no warning as the wind seemed to last forever.
MENTIONED IN THIS ARTICLE
ST. Louis
Gay Gross
Westcentral St. Louis
Lula Kuehner
Bohemian
St. Louisans
Greenwich Village
White English Teacher Testifies Of Love For Lover Suspect
In Buffalo a white high school English teacher testifies she helped Dewitt R. Lee Jr. and two other Black men flee after a robbery slaying of Joseph Friedman. She admits Lee was her lover since January 1958 and that she rode in the getaway car with him.
MENTIONED IN THIS ARTICLE
Buffalo
N.Y
Lee
Walter T. Green
Henry ‘Snow Flakes
Joseph Friedman
Lackawanna
Friedman
Raleigh group eyes Dixie Tobacco bowl stadium at State Fair Grounds
A Raleigh developer leads a committee exploring a potential 75 000 to 100 000 seat stadium at the State Fair Grounds to host a Dixie Tobacco game with ACC champion as host. Gov Hodges and NC State athletic director Clogston welcome the idea as feasibility work begins.
MENTIONED IN THIS ARTICLE
Raleigh
J. W
Willie) York
State Fair Grounds
York
Enthusi
Gov
Hodges
Carolina State College
Roy Clogston
State College
14 Year Old Reunited With Mother in New Orleans
Carlos Lince Jr aged 14 returned to his mother in New Orleans after a six month, 6000 mile journey. He had left Bogota, Colombia last July wandering through jungles for 15 days and reached the Panama Canal Zone with aid from a Royal American policeman. Lucia, 11, is with her father in Bogota and a plan to bring her to America was mentioned.
MENTIONED IN THIS ARTICLE
New Orleans
Carlos Lince Jr
B. K. Pullen
Bogota
Panama
Carlos
United States
Bridge
Panama Canal Zone
Budget Presented For Local School Incentive Plan
The budget proposes a local state match for a school incentive fund. It expects a 6.3 percent revenue rise and delays general pay raises for state employees. It funds fringe benefits and two million for early teacher salary boosts, plus one extra week of pay for teachers at year start and end. Beginning teachers would receive a two million dollar salary increase.
MENTIONED IN THIS ARTICLE
Hodges
Budget Commission
St Louis Tornado Routs West Central District Early
A blue flash and roar signaled a tornado that struck west central St Louis smashing a street of taverns and rooming houses. Residents describe wind tearing through buildings trapping people as firefighters and police work amid rubble and downed trees.
Also Mentioned on This Page
Dow-Jones
N. Main St
Practical Nurses Training Schools
Box V-3
the Enterprise
High Point, N. Cc
N. C
Twister
Williams
Wachovia
High Point
North Main Street
SOUTH
Main Street
West End
Federal Deposit Insurance Corporation
Federal Reserve System
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