Market Shows Irregular Turn After Margin Rule Update
The AP stock index edged down 0.10 to 218.10 at noon as trading remained slow and mixed. Gains in AT&T, Telstar related activity, and several growth shares offset small losses, with IBM, Litton, Polaroid, and Xerox posting modest advances amid profit taking following Tuesday’s rally on the margin cut news.
MENTIONED IN THIS ARTICLE
New York
Associated Press
American Telephone
Telstar
At&t
IBM
Litton
Polaroid
Xerox
Ford
Dow Jones Edges Down After Dividend Announcement
Dow Jones averages wavered with a late gain erased after a 45 cent dividend on new stock. GM held firm despite a possible secondary offering. At noon the Dow fell 2.14 to 583.87 while the S and P 500 rose 0.02 to 57.22. Bonds moved slightly higher in moderate activity.
MENTIONED IN THIS ARTICLE
General Motors
Wall
Standard & Poor
U.S
NEW York
Raleigh Businessman Kidd Brewer In Theft Trial Motion
Judge from page 1 A heard motions for a non suit and directed verdict of acquittal for Raleigh businessman Kidd Brewer and co defendants, including former highway engineer Robert A. Burch and his son. The state accuses them of paying or arranging gifts to influence public employees to benefit sign firms in New Jersey and other parties, while defense argues the two year statute of limitations bars several counts and that evidence is insufficient for a jury.
MENTIONED IN THIS ARTICLE
Raleigh
Kidd Brewer
William T. Hatch
Robert A. Burch
Robert M. Burch
James Nance
Pfaff and Kendall Co
Traffic & Street Sign Co
Newark
N.J
New Jersey
George Masefield
Martin Hamilton
Walter Schoenfeldt
Burch
Brewer
Young Burch
Seawell
Mrs. Bera Appears Derby Winner in Powder Puff Race
Frances Bera of Long Beach California led the 16th annual women’s transcontinental air race after daily standings. Betty Burke of Everett Washington neared completion with one plane still en route to Wilmington Delaware. The 2 547 mile event began Saturday with 36 of 39 finishing by Tuesday and the top five sharing 2500 dollars.
MENTIONED IN THIS ARTICLE
Wilmington
Del
Frances
Bera
Long Beach
Calif
Betty Burkeee
Everett
Wash
Aft
Pittsena
Miss Bower
Betty Miller
Elaine Walde
Los Angeles
Barbara Jenison
Paris
Ill
Eula Schmidt
Robinson
Patricia Gladney
Los Altos
Margaret Standish
Mountain View
Louise Hyde
New York
Thirty five paintings stolen from O'Hana Gallery in London
Police report the theft of 35 paintings valued at $700 000 from the O'Hana Art Gallery in Mayfair London. Thieves forced a rear door and escaped with works by Renoir Monet Toulouse-Lautrec Picasso Bonnard among others. Scotland Yard investigates.
MENTIONED IN THIS ARTICLE
London
Mayfair
Rolice
England
Duke of Wellington
National Gallery
Goya
O’hana
Renoir
Goya Wellington
Scotland Yard
Monet
Toulouse-Lautrec
Picasso
Bonnard
Alexander Korda
O'Hana
Telstar links Europe and Maine for live TV test
Telstar the Bell Labs satellite marks a leap in communications as it links Europe and Maine for a brief line of sight TV exchange. The craft, an active repeater, amplifies signals and relays them to ground stations as NASA conducts the early test orbit. Frederick Kappel notes the moment with Vice President Johnson via Telstar link.
MENTIONED IN THIS ARTICLE
Telstar
Europe
Maine
Echo
Earth
Cape Canavera
National Aeronautics and Space Administration
Andover
Frederick Kappel
At&t
Johnson
Kappel
Difference in execution between large and small stock orders
The main difference is floor versus odd lot handling. 100 share lots trade on the floor in open auctions, smaller than 100 shares go through odd lot dealers with prices tied to next round lot sale. Executions take minutes, not days, and you pay within four days. A live quote shows the current buying and selling prices. Hedging against dollar devaluation can include stocks and real assets like real estate, art, and collectibles. Kaiser Steel faced rising costs and foreign competition, with no dividend since 1959 and mixed profits, leaving the industry’s outlook uncertain.
MENTIONED IN THIS ARTICLE
Kaiser Steel
Kaiser
Algerian leaders clash as independence reshapes power
Ben Bella returns to Algeria as his faction dominates western and eastern regions through the 45,000 strong Liberation Army while Ben Khedda controls mainly Algiers. A rift widens over Boumedienne’s resumption and the timing of elections for the Constituent Assembly set for August 12 after Ben Bella demands a council meeting.
MENTIONED IN THIS ARTICLE
Algeria
France
Ben Bella
National Liberation Army
Tunisia
Morocco
Ben Khedda
Algiers
Houari Boumedienne
Algerian Liberation Army
National Council of
Careful Southern Retail Furniture Assn Summer Market Dinner
The Southern Retail Furniture Association held a summer market dinner in the Sky Room. W Henry Cheadle of Richmond Life Insurance Co spoke on The High Cost of Low Planning. The 1962 Furniture South Awards of Merit were announced. Retailers honored include Douglas Moore Johnson Cotton Co Dunn R A Small Bridges Furniture Co Columbia DC and George F Hamm Gilmore Hamm Snyder Charlottesville VA.
MENTIONED IN THIS ARTICLE
Southern Retail Furniture Assnmet
Exposition Building
W. Henry Cheadle
Richmond Life Insurance Co
Furniture South
Douglas Moore
Johnson - Cotton Co
Dunn, R. A. Small
Bridges Furniture Co
Columbia, D. C
George F. Hamm
Gilmore, Hamm & Snyder
Charlottesville
Churchill Makes Good Progress In Hospital
London AP reports Sir Winston Churchill 87, recovering from a thigh bone fracture with a blood clot in the leg. Doctors skip further bulletins until Friday as he shows satisfactory progress and rests comfortably at Middlesex Hospital.
MENTIONED IN THIS ARTICLE
London
Winston Churchill
Winston
Churchill
Middlesex Hospital
Novitiate
Salisbury
Spoksman
Train Crash Kills Three In Seoul Home
A freight locomotive crashed into a Seoul house killing three people and injuring five at the supper table of Yoon In-won's family. Police attributed the accident to a brake failure at a dead end of the track.
MENTIONED IN THIS ARTICLE
Seoul
South Korea
Yoon In-won
Korean National Railroad
Eighty Girls Prepare for Miss North Carolina Contest
In Charlotte eighty contestants stay under tight chaperone and police protection as Miss America rules apply. The pageant runs three-night preliminaries with talent, bathing suit, and evening gown segments. Ten finalists will be chosen for Saturday finals televised statewide. Maria Beale Fletcher will crown the winner.
MENTIONED IN THIS ARTICLE
Charlotte
N.C
Maria Beale Fletcher
Asheville
Tax Depreciation Rules Cut Time for Deductions
Treasury will publish liberalized depreciation guidelines for plant and equipment, reducing the useful life estimates across industries. The new rules aim to lower taxes by about 1.25 billion dollars yearly, with an expected offset from increased investment. The change introduces objective standards to curb disputes over deductions.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
Treasury
the Revenue Service
One in Five Couples Reaches 50th Wedding Anniversary
The Census Bureau estimates that about one fifth of couples reach the 50th wedding anniversary, marking half a century of marriage for those pairs.
MENTIONED IN THIS ARTICLE
Census Bureau
Also Mentioned on This Page
ED Morse
AP Business News
Dow Jones
Prev. Lam
Adams Millis
Allied Cheeee Eeeee
Allis-Chal
Am Can Co
Enka
Am Motors Eee Eee Eee
Am Tel & Tel Eee Enews
Teb Eee
Eee
Atch T&sf Eeee Neee
Atl Coast Line
Atl Refining
Balt & O Avco Co
Bendix Corp SA
Beth Stl
Boeing Air
Borden Co
Borg-Warner
Burl Ind Eee
Caro P&l Ee Ee Ee
Celanese Corp
Chain Belt
Champion P&f Eee
Ches & Ohio
Coca-Cola
Columbia G&e
Com! Credit Cheeenne
Curtiss Wrt
Dan Aiv Mills
Douglas Airc
Dupontden
East Airs
Eastman Kod Ee
Ford Motor Eee
Elec
Gen Foods Ee
Goodrich
Goodyear T&r
Gulf Oil Corp
Nickel Can
Int
Paper Ee
Tel & Tel Eee Eee Eee
Kayser-Roth Ee
Kenct Cop
Liggett & Myers Veo
Lorillard P
McLean Trk Devdeters
Monsanto
Monty War Pinsieaas
Motorola Ee Seer
Eeve
Nat Biscuit Eee
Eeeeee
Ind Eee
Nat Dairy Pd
Std Oil NJ
Nat Distillers
Stevens J Peeee
NY Central
Texaco Inc
Eeeeeenee
North West
Textron Inc
No Am Avia
Tee Ee Eee
Mrs. Bera
Jacques O’hana
Chatterbox
Newton Minow
Federal Communications Commission
Bell Telephone Laboratories
Investors Guide
Defense Department
U. S
Fred Macmurray
Jane Wyman
Tommy Kirk
Kevin Corcoran
Gidget
Michael Callan
Deborah Walley
By Frank Cormier
Washington
Kim Novak
James Garner
Tony Randal
Anglewood Barn Theatre
Clemmons
N. C
Villero
STAGS
Wang
Pat
K & W Cafeteria
UTES
NEW Service Laundry
Centennial Ave
Counga
Iwa
Harvey
Capucine
Fonda Ie Baxter
Baba Stanwye
Nuremberg
Stanley Kramer
Maat
Jupamenr
Paramount
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