Federal Reserve reenters bond market spotlight on dealers
AP News notes the Fed's renewed involvement in long term U S government securities shifts influence toward major banks and dealers. Banks such as Bankers Trust First National Continental Illinois National Chicago act in short and medium term markets while others trade long and short term bonds as Treasury issues shift funds back to money markets.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
U. S
Federal Reserve
Bankers Trust of
First National
Continental Illinois National
Chicago
Treasury
Withdrawal Of Troops Predicted In Middle East
Predicted troop withdrawal centers on Iraq and Lebanon as pending U.S. policy signals shift. Rebels discuss a revolutionary government only if forced, with Gen Shehab as a leading candidate and contenders Naccache and Khoury noted in the political fray.
MENTIONED IN THIS ARTICLE
Iraq
Baghdad
Lebanon
Oweini
Shehab
Naceache
Bechara Khoury
Chamoun
Naccache
Khoury
Agrees To Parley On Summit as World Powers Reassess
The report notes France backing conditional acceptance of a summit idea while objecting to Khrushchev’s hostile India note. Britain leans toward a firmer readiness, and U.S. diplomats seek a Khrushchev reply to Eisenhower’s July 1 letter proposing a working agenda for a summit.
MENTIONED IN THIS ARTICLE
U.N
Dag Hammarskjold
France
Khrushchev
India
Security Council
Ses Eisenhower
Dulles
Seaioenter Co Ke
Middle East
Britain
Macmillan
Lloyd
Gemma
Washington
London
State Department
Eisenhower
Stock Market Dips After Five Day Rise At Noon
In New York the stock market paused after a five day advance as profit taking set in. Major sectors fell fractions with key steel, oil, rubber and nonferrous shares softening while several names rose slightly on dividend news. The AP 60 average stood at 179.90, down 40 cents.
MENTIONED IN THIS ARTICLE
New York
Crucible
U.S. Steel
Bethlehem
Youngstown Sheet
Alleghany Corp
Chrysler
General Motors
Studebaker-Packard
General Electric
Air Reduction
American Smelting
Chesapeake & Ohio
Associated Press
Dow Jones Averages Report in Early Trading
Dow Jones averages show mixed results with industrials around 402 and rails near 126, while utilities hover just under 80. The figures reflect last noon standings, with volume trading reported at about 750 thousand to 3.44 million across sectors.
Texas Unemployment Continues Climb
About 3,000 more jobless workers filed for unemployment insurance in Texas last week, bringing total claims to 77,786 with initial claims at 6,594. Total claims actions reached 79,320 with 1,546,287 dollars paid, compared to the prior week. The 1957 payment for the same period was 474,346 dollars.
MENTIONED IN THIS ARTICLE
Austin
Tex
Texas
Texas Employment Commission
Lebanese Public Desires Peace Amid Faction Tensions
A Lebanese observer notes most citizens seek stability and open shops while leaders and clans drive faction disputes. He says U S Marines sparked celebrations among government supporters and fear among opponents, but the public longs for peace and normalcy.
MENTIONED IN THIS ARTICLE
Birbari
U.S
Defense Construction Funds Cut at Colorado Springs Academy
Defense committee criticizes the academy for costly planning and weak fiscal controls. It cites scope increases without congressional approval and after contracts, urging a $139.797 million cap and trimming $1 million from the current year request.
MENTIONED IN THIS ARTICLE
Force Academy
Colorado ‘Springs
Colo
Congress
Air Force
New Piles Relief Claims Fast Comfort From Paro Gel
An advertisement touts Stainless Paro as rapidly reducing swelling and stopping pain for piles without surgery. It asserts immediate relief in doctors tests and positions the product as more complete than mere shrinking preparations.
Also Mentioned on This Page
Business Mirror
AP Business News
Broad and
Edgeworth
Sloop’s
Dow-Jones
Bache & Co
Cael
Dayton
Home Center
S. Main ST
Westinghouse
Dristan
Gering
Asmng Ono
Eckerd
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