Stock market mixed as utilities advance while many sectors slip
New York stocks moved irregularly with small gains in some issues and broad declines elsewhere. Noon averages showed the Associated Press index up 0.30 to 215.10 and the Dow up 0.93 to 626.43 as utilities led advances and aerospace, chemicals, and rails mixed.
MENTIONED IN THIS ARTICLE
NEW York
Western Union
General Instrument
General Telephone
General Time
Zenith
Goodrich
General Dynamics
Universal Match
Lorillard
Kennecott
Associated Press
Dow Jones
Market Averages Report From Early Trading Day
Dow Jones averages show mixed drift as 9 industrials 20 rails and 1 utilities indices move with total volume of about 65,000 at 11 a.m. with larger session totals around 1.48 million and 3.75 million shares in play.
MENTIONED IN THIS ARTICLE
Bache & Co
House Travel Expenses Raise Questions About Congressman
A report details the Burleson travel account from October to December 1958 showing 84 of 92 days at a 12 dollar per diem, with total expenses of 1375.29. It notes receipts were not required for this standard allowance and cites other lawmakers charging hotel stays at well known properties.
MENTIONED IN THIS ARTICLE
Burleson
Dispatch
Royal Hawaiian
Biltmore
Plaza
New York
Casa Montego Hotel
Jamaica
Montgomery Returns From Chinese Tours to Formosa Stance
London AP reports Field Marshal Viscount Montgomery arrived back from Red China and urged that there be one China. He argued for Formosa to be under one Chinese government based in Peiping, reflecting his stance on China policy.
MENTIONED IN THIS ARTICLE
Montgomery
London
Viscount Montgomery
Red China
Formosa
China
NATO
Peiping
Negro Candidate Claims Segregation Grows in South
Rev. Clennon King of Albany Georgia, running for Afro-American Unity Party president, challenges NAACP claims that segregation is dead in the South. In a letter to Florida NAACP president Leon Lowry King says segregation is increasing with no expected reversal and accuses the South of seeking northern mentors to deepen segregation.
MENTIONED IN THIS ARTICLE
Tampa
Fla
United States
NAACP
South
Clennon King
Albany
Afro- American Unity Party
Leon Lowry
King
Navigation Projects Okayed by Senate Committee
Three Carolinas navigation projects were approved in a 1 billion dollar Rivers and Harbors package by the Senate Public Works Committee. Shem Creek in South Carolina is approved for maintenance with no funds yet. Ocracoke Inlet in North Carolina adds 4.623 million. Beresford Creek in South Carolina is approved for survey with no funds.
MENTIONED IN THIS ARTICLE
Washington
Carolinas
Senate
Public Works Committee
House
Shem Creek
South Carolina
Ocracoke Inlet
North Carolina
Beresford Creek
Dabchick described as four-toed diving bird
The dabchick is defined as a four-toed diving bird lacking tail feathers found in Europe and North America.
MENTIONED IN THIS ARTICLE
Europe
North America
NASA CIA clash over U2 flight details and Adana claims
Dryden defended NASA statements on the U2 mission amid CIA and State Department involvement. He said substantive facts were cleared with the CIA and State, but the issued text was not CIA cleared. Dulles declined to reveal information. Fulbright criticized the decision process and anticipated a committee report after hearings.
MENTIONED IN THIS ARTICLE
Turkey
Dryden
Central Intelligence Agency
NASA
CIA
J. William Fulbright
D-Ark
Fulbright
Japan
California
Adana
Atsugi
Alexander Wiley
R-Wis
Allen W. Dulles
Albert Gore
D- Tenn
Dulles
Eisenhower
State Department
White House
J‘ulbright
Investors Guide by Sam Shulsky on Mutual Funds
Reader questions cover choosing income funds over growth funds for retirement income, switching costs of front load funds, and optimizing a $30 000 portfolio with income funds and high grade equities. The columnist notes front load risks, suggests ongoing $20 monthly investments, and promises a list of suggested investments upon request.
Loyalist Democrats Claim Five Alabama Electoral Votes
Loyalist Democrats claim five of Alabama eleven electoral votes in the presidential contest while states rights factions hold the other six. Uncounted returns from Tuesday’s runoff and remaining unreported counties in north Alabama will decide the split. Bruce Henderson led the states rights side with immediate action to withhold from a national candidate seen as hostile to Southern racial issues.
MENTIONED IN THIS ARTICLE
Alabama
National Party
North
Bruce Henderson
Prairie
Ala
South
Also Mentioned on This Page
American Can Co
Allied Chemical & Dye
Adams-Millis Corp
American Tobacco Co
the Borden Co
Bethlehem Steel
Burlington Mills
Chrysler Corp
New York Central AR
Cone Mills Corp
Carolina Light & Power
Douglas Aircraft
DuPont de Nemours
Dow Chemical
Eastern Airlines
Consolidated Edison
Eastman Kodak Greyhound Corp
General Dynamics General Electric
Gulf Oil
General Motors
Goodyear Tire & Rubber
International Harvester
International Tel. & Tel
Standard Oil Co
Jones Laughlin Steel
Johns Manville
Norfolk & Western Rwy
Phillips Petroleum
Pennsylvania Railway
Pepsi-Cola
Procter & Gamble
Reynolds Tobacco
Republic Steel
Sears Roebuck
Southern Rwy
J. P. Stevens Co
American Tel. & Tel
the Texas Co
Union Carbide & Carbon
United Aircraft Corp
Westinghouse Electric Co
U. S. Steel
Youngstown Sheet & Tube
W. Woolworth Co
Sam Shulsky
England
Slate
Demos
Rex Thomas
Birmingham
Lyndon Johnson
Texas
Richard B. Russell
Georgia
Secrest
Itageda Is
Boyd Metal Awning CO
Omna
P. O
High
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