Market dips as steel strike looms and rail shares fall
The New York stock market slipped in mid afternoon trading with steel and motor shares leading losses as concerns over a steel strike weighed on the market. Major decliners included Bethlehem and Republic Steel while gainers such as International Harvester United Aircraft and Eastman Kodak posted modest advances. The Associated Press average fell 80 cents to 229.60 at noon with industrials rails and utilities down.
MENTIONED IN THIS ARTICLE
New York
Bethlehem
Republic Steel
Ford
International Harvester
United Aircraft
Hupp
Eastman Kodak
Southern Pacific
RCA
Westinghouse Electric
Liggett & Myers
Boeing
General Foods
du Pont
Union Carbide
Associated Press
U.S
Dow Jones Averages and trading figures at noon and close
The financial brief shows Dow Jones Industrials at 650.55 noon, 655.17 at 1 pm, and 666.02 at close. Rails move from 166.62 to 165.06 and then to 166.01. Utilities trade around 99.05 noon, 89.05 at 1 pm, and 88.96 at close. Stocks listed at 84 and 216.54 noon, 218.72 at close. Large dollar figures of 90,000 and 1,050,000 and 1,440,000 are noted in the text.
MENTIONED IN THIS ARTICLE
Bache & Co
Chicago Denomination Debates Reform Proposals Next Year
In Chicago two church boards including the Board of Temperance and the Board of World Peace discuss proposals in preparation for the denomination's general conference next year. Other bodies in Chicago may also review social and economic relations plans as part of the reform agenda.
MENTIONED IN THIS ARTICLE
Chicago
Board of Temperance
Washington
Board of World Peace and
Board of Social and Economic Relations
Five Major Legislative Items Remain
In 1959 Congress adjournment is uncertain with five major hurdles civil rights labor regulation housing highways and interest rates. Committee action on four items occurs this week as lawmakers linger into September and debate potential Aug 22 adjournment.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
Senate Judiciary Committee
James O. Eastland
D-Miss
Organized Labor
House Labor Committee
Eisenhower
Senate Housing Sub
Ways and Means Committee
Fire Sweeps Rural Oregon Areas Across 30 000 Acres
Fire swept across more than 30 000 acres of rural Oregon today. Forecasters warned winds up to 15 miles per hour could drive the blaze into the Fremont National Forest. Fire main body covered 20 000 to 30 000 acres of rangeland in southern Oregon, about 1 000 acres of mountain timber in central Oregon, and 2 500 acres of grasslands on the Warm Springs Indian Reservation. A cigarette flicked from a car is blamed for the Warm Fire. California also fought a 1 000 acre Stanislaus National Forest blaze. Sudden rain aided fighters against a 1 200 acre Mesa Verde blaze in Colorado.
MENTIONED IN THIS ARTICLE
Associated Press
Oregon
John C. Hunt
Federal Bureau of Lands Management
Fremont National Forest
Warm Springs Indian Reservation
California
Stanislaus National Forest
Sion
Mesa Verde National Forest
Colorado
NC Leader Urges Upgrading Schools and Roads
John D. Larkins Jr. of Trenton told a WRAL audience that North Carolina’s 1961 assembly should start plans to upgrade schools to meet rising enrollment and launch a new road-building program. He cited past highway expansions and warned the population could double by 2000, stressing needs in agriculture and health.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
John D. Larkins Jr
Trenton
WRAL
Larkins
North Carolina job picture improves in June
North Carolina shows brighter employment with a June gain of 27,700 over June last year. Nonagricultural payrolls reach 1,095,000, while factory employment climbs to 475,800. Average hourly factory earnings stand at 1.51 with a 41.2 hour work week and weekly earnings of 62.21. Public school maintenance workers released for summer vaca tions. Seasonal plant slowdowns account for a May dip.
MENTIONED IN THIS ARTICLE
Carolina
Frank Crane
Crane
4-H Club Week Opens in Raleigh With Events
4 H members arrive in Raleigh to begin five days of events at North Carolina State College including dress revue finals health pageant and recreation activities. Induction of new state leaders and honor club members is planned plus alumni luncheon and a 50 year reunion celebration for former club members.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
State College
Ex Burlington Pediatrician Donald E. Robinson Dies
Dr. Donald E. Robinson 58 a former Burlington pediatrician died Sunday in a New Haven Connecticut hospital after a long illness. He practiced in Burlington from 1929 to 1956 when illness forced retirement. A Montclair New Jersey native his father donated the building that is now Alamance County health center. Robinson lived in Norwalk Connecticut and is survived by his widow a son and a daughter.
MENTIONED IN THIS ARTICLE
Burlington, N.C
Donald E. Robinson
Burlington
New Haven
Alamance County
County Health Center
Robinson
Norwalk
Conn
Legion Head Favors Tough Line On Russia
William Rhodes Jr of Wilmington urged a hard stance against Russia after his installation as head of the North Carolina American Legion chapter. He said the U S should stop trying to do business with Moscow and draw the line, noting war should be avoided but asking if retreat or weakness ever prevented war.
MENTIONED IN THIS ARTICLE
Wilmington
N.C
American Legion
North Carolina
United States
William K. Rhodes Jr
Rhodes
Tar Heel bear hunter laid to rest in Robbinsville
Joe B. Levin, 97, a renowned bear hunter from western North Carolina, was buried after a funeral at Old Mother Baptist Church. He died Saturday after a lingering illness. Levin killed 99 bears in the local mountains, and once slew a bear with a hatchet when his rifle misfired.
MENTIONED IN THIS ARTICLE
Robbinsville
N.C
Joe B. Levin
North Carolina
Old Mother Baptist
Transcripts Describe Plot To Destroy Buildings
The testimony identifies Robert Johnny Martin as a contact who directed Aaron toward Walker to participate in the planned destruction of two college buildings. Aaron described meetings at a Roanoke Rapids hotel, with Pegram and Abbott agreeing to blow a power substation feeding mills. Jarrell may have backed out or been dropped. Violence.
MENTIONED IN THIS ARTICLE
Gore
Payton
Ram
Robert Johnny Martin
Aaron
Martin
Walker
Met
Roanoke Rapids
Pegram
Abbott
Jarrell
Pegrem
Hin
Henderson
Investor questions on stock picks and tax questions
Reader seeks guidance on holding or expanding positions in Merck Georgia Pacific General Telephone Thiokol and other names. Expert notes quality but advises regular purchases and diversification, discusses tax basis for a stock split, and declines recommending stocks in a $5–$10 range.
MENTIONED IN THIS ARTICLE
Merck
Georgia Pacific
General Telephone
Thiokol
Ofa
Miss N.C. Visits Coast on Tourism Trip
New Miss North Carolina Judi Lynn Klipfel and her mother arrived in Morehead City for a week along the coast as part of her Miss North Carolina prizes. The pair planned a tour of Beaufort Hatteras and the Outer Banks with a schedule beginning Tuesday.
MENTIONED IN THIS ARTICLE
Morehead City
N.C
Judi Lynn Klipfel
Column by Mr Shulsky on general interest questions
Mr Shulsky offers to answer general interest questions in his column. Readers are invited to send inquiries and enclose a stamped self addressed envelope for replies.
Also Mentioned on This Page
Business and Financial News
Burlington Mills
Chrysler Corp
New York Central AA
Cone Mills Corp
Carolina Light & &Power
Douglas Aircraft
DePont de Nemours
Dow Chemical
Eastern Airlines
Consolidated Edison
Greyhound Corp
General Dynamics
General Electric
Gulf Oil
General Motors
Goodyear Tire & Rubber
International Tel
Standard Oil Co
Jones Laughlin Steel
Johns Manville
U. S. Steel
Youngstown Sheet & Tube
F. W. Woolworth Co
Weathertron
N. Main St
Dow-Jones
Homestead Ave
Excu
North
4-H
Legion Head
Tar Heel
Sau Ts
Family Finance
In Wanes
of High Point, Inc
E. Commerce ST
Asheville
Charlotte
Concord Durham
Gastonia
Goldsboro
Rocky Mount
Salisbury
Winston-Salem
Huark
Bey
Leonard ST
Davis Patrol
2Way
DAVIS
Investors’ Guide
Texas Eastern Transmission
Western States Telephone
Ketchum
Roehring
Detroit Harvester
International Textbook
General Gas
Central Electric
Rochester
West Coast
Western States
Miss N.C
Coast
Polaroid
Nash
Its
Isodine Pharmacal Corp
Ation
Playtex Park
Dover
Del
Ilderton’s
Ilderton Oil Co
High Point
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