Stock Market Dips As Industrials Fall Early In New York
Industrials lost ground in a fairly active session with many stocks sliding from fractions to over a point. Oils and Kennicott Copper led declines, while rails and utilities held steadier. Several large issues reported weak second quarter results affecting overall sentiment.
MENTIONED IN THIS ARTICLE
New York
Rails
Kennecott Copper
Standard Oil
New Jersey
Socony - Mobil
Royal Dutch
Gulf Oil
Sinclair
U.S. Steel
General Motors
Chrysler
Bethlehem
Jones & Laughlin
Celanese
North American Aviation
Lorillard
General Dynamics
Caterpillar
ICC
M-K-T
International Nickel
Associated Press
Dow Jones Averages Reported With Mixed Closing
The Dow Jones averages show mixed readings with industrials near 802 and rails around 131.26. Utilities trade around 70.64 while the overall stock average sits near 173.69. Large turnover figures include 780000, 1380000, and 3940000 shares traded.
MENTIONED IN THIS ARTICLE
Bache & Co
Gotume
M P Chief Speaks At Club Meet
Lt Col David R Dingeman of Fort Bragg spoke to the High Point Exchange Club on parallels between military and civilian crime detection. He described army methods such as ballistics handwriting and fingerprinting and noted holiday staffing in traffic incidents. Guests included Robert Martin Clifford Hughes and Fred Davis. The State Exchange Club Convention meets in Raleigh August 17 19.
MENTIONED IN THIS ARTICLE
David R. Dingeman
Fort Bragg
High Point Exchange Club
Col. Dingeman
Robert Martin
Clifford Hughes
Fred Davis
State Exchange Club
Raleigh
Investment Q&A: Railroads, Bonds, and Growth Stocks
The columnist advises against selling C and O amid railroad troubles and expects a rebound, favors strong freight lines, and notes Walter Tuohy as a plus. For a young family, Columbia Gas was wise but seek growth stocks such as Union Carbide and International Telephone. Endowment policies aren’t growth devices. invest excess beyond cheap lifetime insurance in growth securities.
MENTIONED IN THIS ARTICLE
Walter Tuohy
Columbia Gas
Washington
A. Columbia Gas
Union Carbide
General Telephone
Garrett Corp
International Telephone
S. C. of Jersey
North American Aviation
UAR Claims Iraqi Army Cooperation in Arab Unity Drive
Cairo AP report says UAR military commander Field Marshal Abdel Hamik Amer told troops on the Israeli frontier that Iraqi army is cooperating with the UAR army to bolster Arab nationalism after joint training. Amer cited the 1952 Egyptian revolution as the spark and noted Baghdad’s post revolution partnership. Nasser and Iraqi deputy premier Aref signed a mutual defense treaty in Damascus on July 19.
MENTIONED IN THIS ARTICLE
Cairo
United Arab Republic
U.A.R
Abdel Hamik Amer
Farouk
Baghdad
Iraq
Nasser
Abdel Salam Mohammed Aref
Damascus
Meaning of a Prior Preferred Share and Investor Q&A
A prior preferred share ranks ahead of other issues and may have dividend priority or liquidation protection. Mr. Shulsky will answer general investment questions in his column. Enclose a stamped self addressed envelope for lists of suggested investments.
Barnhardt Addresses Firemen at NC Convention
Lt Gov Luther E Barnhardt urged North Carolina firefighters to uphold responsibilities to chiefs mayors and towns while serving the public. He cautioned against accepting favors and stressed integrity pride in the profession and informing the public through media.
MENTIONED IN THIS ARTICLE
Lumberton
N.C
Luther E. Barnhardt
North Carolina Firemen's Assn
Washington
Earnhardt
Coble Dairy General Manager Luther S Allen Resigns
Luther S. Allen resigned as general manager of Coble Dairy Products Cooperative Inc amid a policy dispute. The cooperative, one of the Souths largest, operates in the Carolinas Virginia Georgia and Tennessee with headquarters in Lexington NC. Eric E. Morgan will serve as acting general manager until a successor is chosen.
MENTIONED IN THIS ARTICLE
Lexington
N.C
Luther S. Allen
Coble Dairy Products Cooperative, Inc
South
Carolinas
Virginia
Georgia
Tennessee
Allen
Eric E. Morgan
Firecracker Blast Wounds Two Men in Car
Two white men, Robert Wardell and Richard Jewel, both 21, were burned when a firecracker tossed from a car containing three Black people exploded at a traffic light. Wardell stated the device went down his shirt as Jewel tried to remove it.
MENTIONED IN THIS ARTICLE
ST. Petersburg
Fla
Robert Wardell
Richard Jewel
Wardell
Jewel
Waitress Details Old Slaying Involving Brother
A Houston waitress reopened a 35 year old slaying case alleging her brother killed Army Sgt. Ray Turner. Mrs. Busbee testified that Turner, a former Army buddy, and Ray had past troubles and Houston police records show Ray first encountered trouble in 1925.
MENTIONED IN THIS ARTICLE
Houston, Tex
Houston
Army
Judge Sends Six To Higher Court
Municipal Court transmitted a list of defendants bound over and others sentenced on multiple charges. James E Johnson 20 Price Street and Paul R Siler 21 Leonard Street faced rape and auto theft counts with bond under 2000. Rhymer received four months on driving without a license. Albert Owens Gardner 20 Daniel Brooks apartments got eight months for larceny and receiving. Ell Geter 26 Grayson Street drew 60 days on two malicious damage counts and assault on a female. Sidney cases include others with varying drunk and disorderly, driving while license revoked, and escape recaptures from a road camp.
MENTIONED IN THIS ARTICLE
James E. Johnson
Price Street
Paul R. Siler
Leonard Street
Mary Lee Gantt
Hunter Court
Sloop Auto Service
Broad Street
Rhymer
Albert Owens Gardner
Daniel Brooks
Mann's
Ell Geter
Grayson Street
Geter
Pearl Howie
William R. Scott
Ferndale Drive
Gonzalo Spears
Whiteoak Street
Swaim Washington Dor
Jsett
Preston Southerland
Willow Street
Claude Bennett
Johnson Street
Gene Carroll Hewitt
High Point
Cheraw
S. C
Donald Ray Barnes
Springfield Avenue
Sandy Ridge
Lib Myers
Route 5
Archdale
James Warren
YMCA
Paul James Hall
Foust Street
Ethel Hilton
Superior Court
First World Series Opening Between Boston Americans and Pirates
The 1903 World Series featured the Boston Americans and the Pittsburgh Nationals with Boston prevailing to win the championship. Boston claimed victory in the inaugural best‑of‑nine series, establishing the Series as a new national baseball postseason tradition.
MENTIONED IN THIS ARTICLE
Boston Americans
Pittsburgh Nationals
Boston
Also Mentioned on This Page
American Can Co
Allied Chemical
Adams-Millis Corp
American Tobacco Co
the Borden Co
Bethlehem Steel
Burlington Mills
Chrysler Corp
New York Central RR
Cone Mills Corp
Carolina Light
Aircraft
DuPont de Nemours
Dow Chemical
Goodyear Tire & Rubber
International Harvester International
Tel
Standard Oil Co
Jones Laughlin Steel ‘Johns Manville Loew's Inc
Norfolk & Western
Rny
Phillips Petroleum On Railway
Pepsi-Cola Procter & Gamble
Reynolds Tobacco
Republic Steel
Sears Roebuck Sheet & Tube
Wedentce A
Dow-Jones
M. P. Chief
Warner
Transfer & Storage Co
Barnhardt
Coble
Crook
Church Street
Legislative
PTA
Charles F. Carroll
Nile Hunt
William H. Wagoner
State School Boards Assn
H. S. Godwin
Luther Earnhardt
Thad Eure
Tar Heel
Ray S. Wilkinson
Rocky Mount
A. C. Dawson
Southern Pines
Ellen Hae
Brother
Ihe
Sideloff Oil Company
Ributor OF Phillips
Davis Patrol & Detective Agency
Sisiness
Ako Tome
DAVIS
le Max Romes
N. Main &T
Leonard
Lamb’s Heating CO
S. Main ST
Atlantic Savings and Loan Association
Iantic Savings and Loan Association
Mann
North Main
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