Wall Street slips after Eisenhower economic statement
New York stocks edged lower in moderate trading as investors shrugged off President Eisenhower’s economic remarks amid a renewed recession mood. Major issues fell, with chemicals and oils hardest hit while Dow components like General Motors and Goodyear dropped fractions.
MENTIONED IN THIS ARTICLE
New York
Eisenhower
Wall Street
Gulf Oil
Continental Oil
Royal Dutch
Standard Oil
New Jersey
du Pont
Allied Chemical
Union Carbide
Caterpillar
Goodyear
Youngstown Sheet
U.S. Steel
General Motors
Chrysler
Lorilland
Zenith
Westinghouse
Lockheed
Douglas Aircraft
American Aviation
Kennecott
International Nickel
Anaconda
New York Central AA
Carolina Light & Power
EE Hvecowsoled
DuPont de Nemours
Dow Chemical
Eastern Airlines
Consolidated Edison
Eastman Kodak
Greyhound Corp
General Dynamics
General Electric
Goodyear Tire & Rubber
International Harvester
International Her
Standard Oil Co
Jones Laughlin Steel
J. P. Stevens Co
Eisenhower Predicts Economic Recovery in March
President Eisenhower expressed confidence that the economy would begin to recover in March, despite unemployment figures showing sharper decline than usual. James Hagerty noted the administration’s policy measures include credit easing, homebuilding stimulation, highway and urban renewal spending, and increased defense contracts with private industry.
MENTIONED IN THIS ARTICLE
James C. Hagerty
White House
Eisenhower
Hagerty
Census Bureau
Federal Reserve System
Congress
Elvis Prepares for Army Service and Records Upturn
Elvis Presley declares two years in the Army and plans furloughs to cut records while away. He names Pat Boone as a top rival and praises his versatile voice, noting a Ft. Chaffee sergeant is reportedly a Pat Boone fan.
MENTIONED IN THIS ARTICLE
Presley
Bobby Sox
Pat Boone
Pat
Ft. Chaffee
Pastdeas
Powell to Speak in Durham on Southern Negro Voter Drive
Rep Powell of New York says he will speak March 10 in Durham North Carolina as part of a tour encouraging Southern Negroes to register and vote. He states the tour starts today in Houston Texas as one of three Negro members of the House.
MENTIONED IN THIS ARTICLE
Washington
Powell
D-Ny
Durham
N.C
Houston
Tex
Rhodes Faces Court Martial Over Soviet Espionage Links
On a court martial panel in Eatontown New Jersey Sgt Rhodes stands accused after Kelso alleges Rhodes met Soviet officers in Moscow and provided information. The case ties Abel and Hayhanen to an espionage conspiracy with Hayhanen defecting to the FBI and naming Rhodes as code-named Quebec.
MENTIONED IN THIS ARTICLE
Rhodes
Eatontown
Nid
Kelso
Moscow
Rudolph Abel
Reino Hayhanen
Abel
Brooklyn
N.J
Hayhanen
Soviet Union
Quebec
FBI
John F. Shummel
Prisoner Refuses To Give Name At North Carolina Jail
Lexington North Carolina authorities detained a wounded man who claimed to be William Bullard from Milwaukee Wisconsin. Sheriff Victor Parks said the man would not reveal any further details beyond his name and origin. The man was shot in both legs by shotgun pellets, treated at a local hospital, and handed over to county officers with no charges filed yet.
MENTIONED IN THIS ARTICLE
Lexington
N.C
Dep
Victor
William Bullard
Milwaukee
Wis
Parks
Senators discuss road and public works amid economic slump
Sen. Bush asserts rapid highway and public works expansion should begin if conditions do not improve in two months as an inventory panic shakes the economy. Sen. O'Mahoney urges White House plans to combat the downturn, warning the low mood may persist.
MENTIONED IN THIS ARTICLE
Sen. Bush
R-Conn
Sen. O'Mahoney
Senate House Economic Committee
White House
Pazo Piles Relief Ad Claims Fast Home Treatment
A home remedy called Pazo from Grove Laboratory promises instant relief for internal and external piles. The ad touts six medically proven ingredients and a satisfaction guarantee, claiming months of suffering end in a simple at home treatment.
MENTIONED IN THIS ARTICLE
Grove Laboratori
Also Mentioned on This Page
Benet i
American Can Co
Allied Chemical & Dye
Dow-Jones
Bache & Co
American Tel
Telsete Ae the Texas Co
Union Carbide & Carbon
United Aircraft Corp
Westinghouse Electric Co
Seeheweee Eee
U. S. Steel
Youngstown Sheet & Tube Woolworth Co
Elvis
Security National Bank
OA National Bank
New West Green Street
Ward Streets
West Green Iy
Federal Deposit Insurance Corporation
O'Mahoney
Interior Department
Druggists! Inc
Cupid and
Liane
Harllee
Take-Along Fabergé
Aphrodisia
Flambeau
Tox Harllee
White
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