Early 1960s Profit Reports Signal Hopeful Turn
Investors watch for earnings as a wave of reports arrives. Several firms show stronger second-quarter profits than Q1, including General Electric and Allied Chemical, while others post higher six-month results. The overall first-half profits may still lag 1957, but positive contrasts boost optimism amid a sluggish summer.
MENTIONED IN THIS ARTICLE
New York
General Electric
Jones & Laughlin Steel
Youngstown Sheet & Tube
Allied Chemical
Continental Can
American Telephone & Telegraph
Safeway
Grand Union
Kroger
Beatrice Foods
General Portland
Penn-Dixie
Colgate Palmolive
Northrop Aircraft
General Transistor
International Business Machines
Missouri Portland Cement
Cudahy, Armour and Wilson
Plough and Smith, Kline & French
Negative attitudes among youths blamed on too many don'ts
Pastor Fordyce W. Delamore of Fort Worth told the Seventh Day Adventist Senegal Conference that adults teach youths to avoid enjoyment and indulgence. He urged ministers to share blame for planting negative thinking in the young. The report also notes Switzerland's tradition of home-stored rifles and rapid mobilization in defense.
MENTIONED IN THIS ARTICLE
Cleveland, Ohio
Fordyce W. Delamore
Fort Worth
Market climbs as copper and oils lift stocks in uneven session
Moderately active trades push copper, aircraft, rails and steels higher while a few majors gain small fractions. U S Steel and Republic rise on block trades, while Chrysler and Continental Motors slip. Oil stocks including Gulf, Socony Mobil, Amerada and Richfield trend up amid mixed industry signals.
MENTIONED IN THIS ARTICLE
Wall Street
Phelps Dodge
Anaconda
Richfield
Amerada
Sinclair
Gulf Oil
Socony-Mobil
National Steel
U.S. Steel
Bethlehem
Republic
Boeing
Douglas Aircraft
General Dynamics
New York Central and Southern Railway
Goodyear
Chrysler
Quotations From Security Quotations Compile
The record provides quotations compiled at 11 a.m. today and furnished by J Sturgis May and Company, Security Bank Building, detailing current market and financial sentiments.
MENTIONED IN THIS ARTICLE
J. Sturgis May & Company
Security Bank
Dow Jones Averages Reported By Bache & Co
The Dow Jones averages for the day show 20 industrials at 482.23 at noon rising to 482.55 then closing at 481.00. The rails and utilities figures are listed with accompanying volume data, reflecting trading activity for the period.
MENTIONED IN THIS ARTICLE
Csceees
Vel
Ees
Holy Trinity Church Damaged in War and Reopened in 1956
Poland's largest Protestant church Holy Trinity in Warsaw suffered heavy bomb damage in World War II. The government used the building for a decade, and after recovery by the Lutheran church in 1956 it was reconsecrated this June for religious purposes.
MENTIONED IN THIS ARTICLE
Warsaw
Poland
Holy Trinity
Rights Bill Heads For Vote In House
The House moves toward voting on a brief states rights bill, backed by Rep. Howard W. Smith. Opponents fear broad preemption limits could undercut federal statutes and curb civil rights progress, while supporters argue it protects states from federal overreach.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Justice and Labor Department
Congress
Supreme Court
Howard W. Smith
D-Va
Pinon Selected as New Mexico State Tree in 1949
The pinon was chosen as the official state tree of New Mexico in 1949 due to its usefulness for fuel and food, reflecting its economic and cultural value to the state.
MENTIONED IN THIS ARTICLE
New Mexico
York
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Business Mirror
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Nyu
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J. T. Fisher
Reidsville
Fisher
Betty Buchanan
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Greece
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Eddy
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Jamestown
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RADIO
Hunter Coal & Oil CO
Iva