Irregular early trading on Wall Street with mixed gains
The New York stock market moved unevenly with gains and losses scattered across sectors as trading slowed. Airlines, steels, and rubbers posted gains while oils, nonferrous metals, and utilities rose, with declines in others. The AP index hovered near the 1958 peak as Humble Oil trades halted pending a Jersey offer.
MENTIONED IN THIS ARTICLE
New York
Humble Oil
American Stock Exchange
Standard Oill
New Jersey
Jersey
Humble
Union Oil
California
Alaska
Juneau
Steel price hike could hit consumers if demand stays flat
Steel mills run at reduced capacity this week with about a third of workers idle. Wage boosts raise labor costs by roughly 25 cents per hour since last summer while producers debate how much of these costs can be passed to consumers. Demand for durable goods will influence if prices rise or manufacturers absorb costs.
MENTIONED IN THIS ARTICLE
New York
Investor questions mark growth versus income in stock picks
In the column by Sam Shulsky, readers discuss whether a $1000 investment should target growth or income, noting top companies like American Telephone Sears Roebuck General Motors and DuPont, and advising that age goals influence what is considered a good investment. The piece also covers diversification from bonds to growth securities and suggests a plan for retirement portfolios and new stock purchases.
MENTIONED IN THIS ARTICLE
American Telephone
Sears Roebuck
General Motors
DuPont
International Business Machines
General Electric
Excel
Columbia Gas
Merritt Chapman
Shell Transport
Loew's
Standard Financial
New England Electric
News
New England
Telephone
Boston Edison
Con. Edison
Shulsky
Goldfine Says Charges Are Lies
The hearing room was crowded as Goldfine, flanked by his family, faced questions from subcommittee members about gifts to Adams and other favors. Goldfine denied wrongdoing, claiming his gifts were not to influence federal actions while Adams defended their relationship.
MENTIONED IN THIS ARTICLE
Page One
Goldfine
Oren (Harris
D-Ark
Adams
Fox
Washington
Boston Post
House
Fie
Gov
New Hampshire
Gov. Adams
Dow Jones Averages Report From Bache & Co
The Dow Jones averages show figures for industrials rails utilities and stocks with noon and closing values. Trading activity lists totals of 450 000 900 000 and 2 600 000 shares respectively.
MENTIONED IN THIS ARTICLE
Bache & Co
Seseve
Scceee
Two Nabbed In Bank Robbery Case In Apex Area
FBI notes say Charles and James Howard were arrested after a robbery at Apex with bystanders forced to lie on the floor. The getaway car was a Raleigh stolen auto found three miles from Apex. The Howards had drawn FBI scrutiny for months and face multiple NC robberies with arrests.
MENTIONED IN THIS ARTICLE
Apex
Raleigh
Chiles
Howards
FBI
North Carolina
Northwestern Bank of
Malden
Guaranty Bank and Trust Co
Vanceboro
Durham Bank and Trust Co
Youngsville
First National Bank of Raleigh
Fairview Road
Charles Howard
James Howard
Fuquay Springs
Eisenhower views on Soviet summit proposals
Eisenhower urged the Soviet Union to pursue major outstanding problems with seriousness and accept the Western procedural plan for summit talks. The plan allows both sides to raise issues without a veto, enabling discussion of Eastern Europe German unification and possible East West nonaggression talks, despite Soviet objections. Khrushchev reviewed Soviet proposals, while Western powers argued the talks should remain quiet.
MENTIONED IN THIS ARTICLE
Eisenhower
Andrei Gromyko
Eastern Europe
Soviet Union
Khrushchev
Western Electric Wins Army Missile Parts Contract
Western Electric Co. receives a 20.71 million Army contract to produce parts for Nike Ajax and Hercules missiles. Work to be performed at plants in Burlington Greensboro Winston-Salem and Charlotte North Carolina.
Subcommittee Hearings Highlight Harsh Questions on Goldfine Case
Testimony depicts a contentious exchange with the Federal Trade Commission and Securities and Exchange commissions. Officials allege unfair pressure and selective treatment while a lawyer accuses the subcommittee of twisting FTC-SEC testimony.
MENTIONED IN THIS ARTICLE
Federal Trade and Securities and Commissions— Exchange
SEC
Goldfine
Adams
Subcommittee
Eisenhower Press Briefing on Civil Rights Budget and Hostage Issues
President Eisenhower criticized the Adams aide’s security cuts while noting no inquiry into Goldfine gifts. He defended civil rights effort as law and duty and endorsed attorney general action within the Constitution. He discussed the deficit outlook and hopes for recovery to balance the budget without a set timetable. He spoke on American hostages in Cuba and elsewhere, saying efforts to recover five Americans are underway and not aimed at final consequences.
MENTIONED IN THIS ARTICLE
Adams
Bernard Goldfine
Eisenhower
Boston
Internal Revenue Service
Congress
Russia
Red China
East Germany
Cuba
U.S
Ameri
Eer Eisenhower
Communist
China
Also Mentioned on This Page
Thompson Products
Reichhold Chemical
Wall Street
Goodrich
Polaroid
Phelps Dodge
Kennecott
Magma
Revere
Associated Press
American Can Co
Allied Chemical & Dye
Adams-Millis Corp
Ove
Borden Co
Ces
Bethlehem Steel
Burlington Mills
Chrysler Corp
New York Central AA
Carolina Light & Power
Douglas Aircraft
DuPont de Nemours
Dow Chemical
Fastern Airlines
Coneste Consolidated Edison
Eastman — Shepconess
Eae Greyhound
Coteweste Eveensee
Svee
Goodyear Tire & Rubber
Erie
Business Mirror
By Sam Dawson
Sam Shulsky
Dow-Jones
Eee Eee Ewe
International M
International Tel
Standard Oil Co Weave Seer Jones Laughlin Steel
Johns Manville Eee
Ween Eee
Loews Inc
Phillips Petroleum
Pennsylvania Railway
Eereee
Pepsi-Cola
Procter
Republic Steel
Pnctcheds
Ee Seeese Senes
Southern
Horace G. Ilderton, Inc
Dodge
Plymouth
S. Main St
Warner’s Transfer & Storage Co
Ike
Leonard
City Fuel CO
WSL
Leonard ST
Davis Patrol & Detective Agency
BOM
Jack S. Davis
Ward ST
Piedmont
West Washington St
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!