Stock Market Decline Deepens Across Sectors In Noon Trade
Stocks slipped further in early afternoon trading led by steels, metals, and motors. Major issues fell from fractions to around 2 points as investors weighed slackening steel demand and a Fed move to tighten credit. The Associated Press average stood at 179.50, with utilities and rails also down amid broad market weakness.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
du Pont
Goodyear
Allied Chemical
International Harvester
Steels
Bethlehem
Youngstown
Crucible
U.S. Steel
Republic Steel
Kennecott
International Nickel
Ford
General Motors
Chrysler
Illinois Central
American Telephone
Boeing
Glenn L. Martin
Associated Press
Dow Jones Averages and Market Closing Figures
The Dow Jones Averages show mixed moves with industrials at 486.58 at previous close and 489.29 at noon, rails 155.35 to 155.68, utilities 60.55 to 69.57, and stocks 192.68 to 173.10. Trading volume ranges from 480,000 to 2,350,000 across readings.
MENTIONED IN THIS ARTICLE
Bache & Co
Store Robbed Again in Boston South End
Boston police report the 10th robbery in 20 years at John L. Lasker’s variety store in the south end. Two men, posing with hands in pockets, took $15 from the 58 year old owner and $15 from a male customer. This marks the second robbery at the store in four days.
MENTIONED IN THIS ARTICLE
Boston
John L. Lasker
South End
Lasker
Lasker's
Importing Of Textiles Opposed
Chattanooga officials report strong opposition to textile imports from Japan. R H Jewell of Crystal Springs Bleachery cites rising Japanese shipments from 1952 to 1956, says raw cotton pricing and labor give Japan an unfair edge, urges protection and regional Institute sessions.
MENTIONED IN THIS ARTICLE
Chattanooga
Tenn
United States
Japan
R. H. Jewell
Crystal Springs
Chickamau
American Cotton Manufacturers Institute
Jewell
Institute
Birmingham
Scumbus
Washington
U.S
Savings Bonds Face Stiff Competition From Higher Yields
SAM DAWSON reports that rising corporate bond yields lure big investors away from Savings Bonds, dampening sales. Congress faces money market scrutiny as inflation concerns grow, and speculation swirls about raising Savings Bond yields with Treasury permission, though bankers doubt such a move.
MENTIONED IN THIS ARTICLE
Congress
U S, Treasury
Also Mentioned on This Page
Bache & Company
American Can Co
Allied Chemical & Dye
Adams-Millis Corp
American Tobacco Co
the Borden Co
Bethlehem Steel
Burlington Mills Corp
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 RR
Greyhound Corp
General Dynamics
General Electric
Gulf Oil
Goodyear Tire & Rubber
International Tel. & Tel
Standard Oil Co
Jones Laughlin Steel
Johns Manville
Loew's Inc
Norfolk & Western Ry
Phillips Petroleum
Pennsylvania Railway
Pepsi-Cola
Reynolds Tobacco
Sears Roebuck
Southern Railway
J. P. Stevens Co
American Tel, & Tel
B. C
Dow-Jones
Texas Co.Union Carbide & Carbon
United Aircraft Corp
Westinghouse Electric Co
U. S Steel
Youngstown Sheet & Jube F. W. Woolworth Co
Peter Pan
Mercury
America
Wat
Sullivan
Sun
WFMY
Temple-Hollingsworth Motors, Inc
High Point, N. C
By Sam Dawson
Saylings
Goody's
Wes
High Point
East Commerce Street
Winston-Salem
North Cherry Street
Greensboro
North Elm Street
Asheville
Concord
Charlotte
Durham
Gastonia
Raleigh
Salisbury
Wilmington
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