Stock Market Mixed as Copper Rise Pauses and Profits Take Hold
New York stocks opened higher in a mixed session with heavy volume. Key issues showed fractional gains and losses as investors booked profits after last week's surge, with chemicals and steels uneven and aircrafts edging higher. The Associated Press index stood at noon down modestly as rails and utilities eased. Major names referenced include Kennecott Anaconda Phelps Dodge General Motors Schenley Allied Chemical Du Pont Firestone Lorillard Gulf Oil Royal Dutch and Union Carbide.
MENTIONED IN THIS ARTICLE
New York
Kennecott
Anaconda
Phelps Dodge
General Motors
Schenley
Allied Chemical
du Pont
American Cyanamid
Firestone
Loril- Gulf Oil
Dow Jones Averages At Noon And One PM
Pree Dow Jones figures show Clore Industrials at 30102 with 0.96 gain and 7 cents. Maile trades around 19095 at 91.08 and 19086 at 173.23 with volumes cited as 720000, 1490000, and 4430000.
MENTIONED IN THIS ARTICLE
Clore Industrials
Ohio State confirms strong signal from Explorer IV satellite
Strong signal from Explorer IV is detected by Ohio State University’s radio observatory directed by Dr. John D. Kraus and by the university’s antenna laboratory as they track the satellite.
MENTIONED IN THIS ARTICLE
Columbus, Ohio
Ohio State University
Radio Observatory
John D. Kraus
Ohio State
Antenna Laboratory
Investment guidance on dividends warrants and stock values
A reader aged 67 seeks 1200 yearly dividend income with 5000 available to invest. Advice covers higher yielding stocks like railroad or retail, warns warrants are speculative, notes book value limits for growth stocks, and explains Stock Ahead orders on the exchange.
MENTIONED IN THIS ARTICLE
General Motors
Westinghouse
Standard of Indiana
National Biscuit
Con. Edison
Massachusetts
Investors Trust
Union Pacific
Southern Pacific
Santa Fe
Great Northern
Macy's
Gimbel's
Federated
Taxi Driver Returns 2300 to Relieved Club
In Washington AP Melvin James, a taxi driver, picked up a woman, let her off at a bank, then found a purse with 2300 dollars on the back seat. He located the woman who said the funds belonged to her recreational club. She was flustered and did not recall the cab.
MENTIONED IN THIS ARTICLE
Washington
Melvin James
James
Cotton futures dip at open amid weak demand
New York oats report shows cotton futures opening lower by 65 cents to 3.00 a bale as markets respond to unsettled trade and shifting demand. Prices listed for December March May and October contracts show declines from previous closes.
MENTIONED IN THIS ARTICLE
NEW York
Bulls feel business turn here amid inflation fears
Bulls see inflation fueling growth as stock prices near record highs and corporate earnings show mixed signals. They point to defense spending and Middle East tension boosting deficits and wage pressures, while bears expect a renewed market downturn despite signs of recovery.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
NEW York (Ap
Middle East
Khrushchev
Bulls
Associated Press
Air Force Names White as Kincheloe Replacement for X15 Flight
Edwards Air Force Base moves forward with the first Space Flight plan naming Capt. Robert M. White as Kincheloe’s replacement on the X15 project and Capt. Robert Rushworth as backup. Kincheloe died in a F104 crash during testing. Memorial services set at Edwards with burial at Arlington National Cemetery.
MENTIONED IN THIS ARTICLE
Secretary of the
Air Force
Kincheloe
Mojave Desert
White
Robert Rushworth
Norridgewock
Maine
Germany
Arlington National Cemetery
Dirty Bomb Debate Hinges On Point Of View
Secretary of Defense McElroy testifies that switching to surface bursts makes fallout dirtier in local areas while total fallout stays the same. He notes bombs modified for ground level explosions target heavy fortifications and that no salted bombs are being pursued.
MENTIONED IN THIS ARTICLE
Washington
McElroy
Pentagon
Congress
Senate
House Atomic Energy Committee
Sen
Clinton P. Anderson
Lewis Strauss
Atomic Energy Commission
Sver
Richard B. Russell
D. Ga
Defense Department
AEC
Shuford Withdraws As Nominee
Shuford withdraws as a candidate amid illness described as a stroke or blood clot. Family statements note a minor operation and public reports prompt criticism from the Franklin Press and Western North Carolina Press Association. The Asheville press and editors cite reliance on doctors for illness details. The 12th District Democratic executive committee set to meet to select a replacement.
MENTIONED IN THIS ARTICLE
Shuford
Ford
Rollman
Claude Ramsey
Asheville
12Th Congressional District
Democratic Executive Committee
Rep. Shuford
Satellite Off To Spectacular Start
CAPE CANAVERAL FL. AP The world s newest satellite Explorer IV begins a five year space journey after a flawless first 36 hours on the Jupiter C rocket It carries four instruments to measure space radiation and will relay data constantly for two months ahead of manned lunar missions.
MENTIONED IN THIS ARTICLE
Cape Canaveral
Fla
U.S
Earth
Pedancy Navy
Ort
Moon
Planets
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Zett
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Investors Guide
Shulsky
Close Odks
Coscecascesste
Broad and
Edgeworth
Sloop’s
Business Mirror
the Waldorf Astoria
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Wonder City
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N. C
the Waldorf
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Nash Jewelry Co