Market volatility as Polaris doubt shakes investor nerves
Stock market shows reduced margins despite Polaris missile success. Investors doubt near term gains. Press averages slide while utilities dip. The list includes Standard Oil, Jones Laughlin, Loew's, Norfolk and Western, Pennsylvania Railway, Procter & Gamble, Reynolds, Sears, American Tel and Tel, U S Steel, and other major firms with varied percentage changes.
MENTIONED IN THIS ARTICLE
International Tel
Standard Oil Co
Jones Laughlin Steel
Johns Manville
Loew's Inc
Norfolk & Western Ry
Pennsylvania Railway
Pepsi
Proctor & Gamble
Reynolds
Republic Steel
Sears
Southern Ry
J. P. Stevens Co
American Tel. & Tel
the Texas Co
Westinghouse Electric Co
U. S. Steelingstown Tube
Sheet & F. W. Woolworth Co
Dow Jones Averages at Noon and Close Report
The Dow Jones averages show 12 noon and 1 pm figures with 30 industrials at 442.16 and 4462.47, utilities at 71.26 71.36, and 65 stocks around 149.95 to 150.82, with total volume listed. Furnished by Bache & Co.
MENTIONED IN THIS ARTICLE
Bache & Co
Profit Squeeze Fails to Dampen 1957 Earnings Trend
SAM DAWSON reports mixed results as the first 100 corporations in the 12 month period show net gains of 1.223 billion dollars, up 5 percent from the prior year while five posted losses and four stayed red in both years. The service sector leads gains despite rising costs and a hard bargaining year looming with unions using profits to press for higher wages.
MENTIONED IN THIS ARTICLE
New York
Eenar
Serena
Taxi Rules Protested By Operators
Thom asville city council heard operators object to the 1957 taxi ordinance. Paul Benner and Jay Hegler said the rule preventing adding cars beyond a year older than the latest model hinders upgrades and forces them to run aging cabs. Abe McGuire attended but did not speak. council committee to study the issue.
MENTIONED IN THIS ARTICLE
Thomasville
Paul Benner
Jay Hegler
Benner
Hegler
Council Transportation Committee
Abe McGuire
Polaris missile and atom submarine eyed for naval edge
The 1960 report says a fully developed Polaris could fire above or below water with a 1500 mile range and be ready for testing and production by Lockheed. Defense officials say Polaris paired with atom powered subs would enable potent atomic retaliation with high accuracy. The Navy plans an advanced reactor like the Skipjack’s for the subs slated to launch this spring.
MENTIONED IN THIS ARTICLE
Lockheed Aircraft Corp
Burbank
Calif
McElroy
Defense Department
Navy
Wetzel Is Put To Death In North Carolina Case
Frank Wetzel, aged 36, was executed for the murder of highway patrolman Wister Lee Reece. His brother Wetzel, other accomplices Minor Sorber and Robert Jones, and two ministers attended a final meal with family members and a prison chaplain who noted baptisms and religious reflections. The governor had called National Guard protection for the prison farm after the escape.
MENTIONED IN THIS ARTICLE
Lloyd Johnson
Romulus
N.Y
Wetzel
Johnson
Ida Wetzel
Seneca Falls
Canterbury
Frank
Wister Lee Reece
North Carolina
Sorber
North Carolina Central Prison
Raleigh
Kenneth Bailey
Soldier admits dumping Fayetteville woman body in Moore County
Ft Bragg soldier James L Cogburn 26 confessed to CID that he dumped Adeline Tyndal 35 in a roadside ravine near Carthage after meeting Jan 8. Death ruled from exposure. Cogburn held at Ft Bragg with no charges yet. Sheriff to confer with CID before transfer to Lillington jail. Immigration note follows in final line.
MENTIONED IN THIS ARTICLE
FT. Bragg
N.C
L. L. Guy
James L. Cogburn
Fayetteville
Moore County
Adeline Tyndal
Carthage
Here
Ralph Steed
Cogburn
Greeneville
Tenn
Criminal Investigation Department
Tyndal
Harnett County
Moore Cunty
Harnett
Claude Moore
CID
Lillington
Tobacco Controls Aroused Over Blacklisted Varieties
Jesse A. Jones of Kinston said government fears curbing the market as it expands price supports. He accused untrained workers of blacklisting varieties with little testing and argued the 90 percent parity should be restored. Farmers said mislabeling affected by flavor and aroma.
MENTIONED IN THIS ARTICLE
Slade
Jesse A. Jones
Kinston
Jones
Adopted Daughter to Inherit 200000 From Estate
In Redwood City California a court approved a settlement in the estate of Eugene Emmick theater chain owner who died at 78. The agreement provides about 200000 for Marilyn Wilson the adopted daughter of Mrs Willette Wilson and Marilyn is 15 from Culver City. Emmick testified he put Marilyn out for adoption because he felt too old to have a child in the home.
MENTIONED IN THIS ARTICLE
Edmund E. Scott
Eugene Emmick
Willette Wilson
Marilyn Wilson
Culver City
Emmick
Marilyn
Tobacco Quality Debate Highlights Blacklisted Brands Decline
Col Joyner notes common knowledge the three grades faced disfavor as farmers reduced plantings. Slade cites 1955 20 percent of flue cured crop in blacklisted brands rising to 60 80 percent in 1956 then falling to about 0 5 percent in 1957 due to buyer opposition. Judge Parker questions jurisdiction in a case naming Secretary Benson with references throughout the record.
MENTIONED IN THIS ARTICLE
Col. Joyner
Slade
John J. Parker
Secretary of Agriculture
Benson
Also Mentioned on This Page
High Point Cetadi
Dow-Jones
Business Mirror
By Sam Dawson
Wemy-Tv
Channelee
Etton Fa
Rahe Cs
Dayton Tires
Hughes Tire Service, Inc
North Main
WBTV
Charlotte
Channel 4
RCA Victor
Dumont
Admiral
Wsoc-Tv
G. C
Little Lamb’s Heating CO
S. Main St
Wsls-Tv
Roanoke
Bob Hope
Uncle Looney
Wsjs-Tv
Ieeeeen
Channel
Roff & Reddy
Coss
High Point
Commonrce Street
Winston-Salem
North Cherry St
Park
Greensboro
North Elm St
Gr. Fl
Broadway
Asheville
Concord
Durham
Gastonia
Salisbury
Wilmington
United States
Lexington Ave
Thomasville, N. C
Col
English & Ward
Leonard Berrier
Moose
The
Shooting Gallery
Guy Madison
Valerie French
Rom
Paula
Tobacco Controls
Aroued
Mombasa
Durango
George Montgomery
Lucky
Dad Dwayne
Peek Torre
Joe Mantell
Umm Boy
Errol
Fiynn
CMA Eee Ae
Donald Critp
Flore Robson
Zorros
WHPE
WMFR
Holsum
Bob Lindsay
Emerywood Studio
NNTE
WFMR
Security
Redwood City
Pelbce Arto
Adventures
Socorro
Hee
DJ Luxe
Doo
Midway High Point
South
Quin
Os Wild Ie
Iganiene Daetuic
Yeas, Ere Wei Ferrer
Kartoon
Nigh Point
Poad
Warner Bros
S. Main Street
William Holden
Aaaltien
Aen
Mae
Robert Hidleton
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