Market declines hinge on steel and aviation shares
New York stocks sagged as rails and aircraft stocks led losses at midday. Douglas Aircraft plunges more than 3 percent after missing dividends, while Gulf Oil, General Motors, and United Aircraft show notable declines amid strike fears. The Dow Jones average sits lower as rails and oils pull indices down.
MENTIONED IN THIS ARTICLE
NEW York
Steels
DuPont de Nemours
Dow Chemical
Eastern Airlines
Consolidated Edison
Eastman Kodak
Greyhound Corp
General Dynamics
General Electric
Gulf Oil
General Motors
Goodyear Tire & Rubber
International Harvester
International Tel
Standard Oil Co
Ehent Averti
Douglas
Baltimore & Ohio
Chesapeake & Ohio
Jones & Laughlin
Phelps Dodge
Anacon
Youth Charged After Mishap on North Street
Investigating officers filed two traffic charges against 16 year old Wendley Street resident James L. Smith after a 7 10 p m accident on North Street. Smith allegedly drove on the left side with improper brakes and struck Treva Bencini of Club Drive. Damages were $150 to Bencini’s car and $50 to Smith’s.
MENTIONED IN THIS ARTICLE
Wendley Street
James L. Smith
North Street
Smith
Treva Bencini
Bencini
Post Office Job Vacant at High Point Office
Applicants may apply for the substitute mail handler examination at High Point Post Office in Room 103. The test is set by the Board of U S Civil Service Examiners in Greensboro. Applications must be postmarked by July 21.
MENTIONED IN THIS ARTICLE
High Point
W. L. York
Board of
U. S. Civil Service Examiners
Greensboro
York
Dow Jones Averages and Market Totals
Furnished by Bache Co Dow Jones averages show industrials at 659 point range with a slight dip from prior. Utilities hover near 89 as total volume indicates steady trading activity across 70 thousand to 1.8 million shares traded.
MENTIONED IN THIS ARTICLE
Bache & Co
Eee
Security Quotations From Markets In Today's Trade
Quotations compiled at 11 a.m. today by J Sturgis May and Company Security Bank Building provide a snapshot of market activity. Investors watched fluctuations across key securities as trading volumes remained steady amid cautious sentiment.
MENTIONED IN THIS ARTICLE
J. Sturgis
May & Company
Security Bank
Foreign steel makers profit by U S strike
European and Japanese steel makers cash in as the U S steel strike disrupts supply. Export sales rise as European prices fall earlier, and foreign sellers now seek higher domestic prices amid lingering inventories and long strike projections.
MENTIONED IN THIS ARTICLE
U.S
New York
Europe
Japan
West
Germany
France
Belgium
England
Steel Committee of the National Assn. of
Convicts Return to Mine After Brushy Mountain Standoff
Convicts who seized three guards and held eight hostages for 32 hours at Brushy Mountain State Prison coal mine will be returned to the mine. Eight ringleaders face punishment, while 86 other inmates receive no discipline after grievances were heard by A. Pat Patterson. The ringleaders already moved to maximum security in Nashville. The rebellion ended Tuesday with the release of all captives unharmed.
Also Mentioned on This Page
High Point Enterprise
Kennecott
Motor Products
Reynolds Metals
Chrysler
Goodyear
U.S. Gypsum
Westinghouse Electric
Goodrich
Associated Press
Lincoln
Washington
Dow-Jones
Askcan-Marietta
Beeman Eng
Colonial Stores
Life
Drexel Electronic Acctg. Card
Gulf Life Ins
Jefferson Standard
Piedmont Nat. Gas
Public Serv. of N. C
Pyramid Life Ins
Textile Ins. Co
United Ins. Co
Wachovia Bank
AP Business News
Penney's A
Atrilon
RAYON
Orson
Arnel
O.P
Tata
S. Main ST
J. M. Harrison
Met
Clemmons
E. Washington ST
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