COMSAT Satellite Offering Domination Waits Market Drift
The AP reports mixed early trading as COMSAT’s five million share public offering looms. The Dow dips to 817.06 at noon, with rail and utilities slipping while blue chips see scattered gains and losses. Comsat trades at a premium before easing from peak.
MENTIONED IN THIS ARTICLE
Washington
NEW York
American Stock Exchange
Satellite Corp
U. S
Orloni
Comsat
Amer. Fid
Furn
New York Central
Adams Millis
BR Studios, Inc
Pennsyl J Allied Ch
Goclinas Capital
Gxq
Compania Railroad
Allis-Ch al
Colonial Eres
Drexel Enteprises
Justice Department
Am Enka
First Union Bank
Am Motors
Am Tel & Tel
Harris-Teeter
Life
Lance, Inc
Coast Line
Tite & Cas. Ins
Dig
Corpid Public Ser
Pyramid Life Ins
Air
Sc: Life & Trust
Porden Co
Thomas, Fura
Ind
Associated Press
Burl Ind
Wach. Bank & Trust
Burroughs Corp
North State Tel. Co
I Corp P&l
iCelanese Corp
Wall Street
Champion P&f Wu
Iches & Ohio
Chrysler
Nations Satellite Corp
Woolworth
American Airlines
Polaroid
Control
IBM
Xerox
Dow Jones
Prospectus Warns Investors Over Venture Then Not Guaranteed
A government approved venture prospectus warns investors that the scheme is not government guaranteed and that no dividends can be expected for an indeterminate period.
MENTIONED IN THIS ARTICLE
Wwlci Au
California satellite stake flags busy COMSAT ties
An article notes Telestar owner and major COMSAT client activity with large oversubscriptions amid satellite industry signals. It covers corporate stakes, potential mergers, and congressional debate over civil rights bills affecting communications policy, including cloture moves and partisan positions. It references Gen Elec, Eastman Kodak, Ford, RCA, and other firms as market indicators while detailing Senate negotiations and presidential politics.
MENTIONED IN THIS ARTICLE
Kaen Press
Bachel Cod
Com- Curtiss Wert
Ateit
de- Dan Rio Mills
Ategs
Douglas Aire
Dow Ch
Duke See
Yquaeo
du Pont de Nile BT
Eastman Rod
Firestone
Ford Motor
NEW York
Gen Tel & Tel
Goodrich BF
Goodyear T&r Nh
Greyhound
Gulf Oil Corp
Paper Dirksen
Tiggett & Myers
Brown
Hellockh Air
Jorillard Phe
Hickenloop-yfartin-Marietta
Senate Republcfean Trk
Monsanto
CIO
Ture
Sen
Motorola
Wat Dairy Pd
Nat
Distillers
Oresinets
Mansfield
Senny Central
Ate
Worth West
Gabe
Cr Ae
Avia Sant
Param Pid Bay
Eratic Club
Penney
Cranston
Pennsy
Iva
Jesse M. Unruh
Atty Ate
Pensi Cola Sie
Stanley Mosk
Phillips Pett
Pitt Plate Gis
Pure Oil
Radio Corp 3li
John Kennedy
Republican Nation
Rex
Melvin R.jRep
Wisconsin
Reynolds
Union Pac
Rockefeller
United Airlines
United Aire
United Fruit
al- W
Va P&p
West Union
Goldwater
Westing el
Winn-Dixie
Woolworth
Commercial Art Class Set At IEC Guilford Center
A summer program offers a commercial art and advertising design class from 8 a.m. to 12 noon, running June 8 through August 21 at the Guilford Industrial Education Center.
MENTIONED IN THIS ARTICLE
IEC
Guilford Industrial Education
Furniture Bldg Plans Move Ahead
Building officials study plans to remodel Main Street facades for a uniform downtown look. A long marquee linking the 1954 section is planned with completion aimed at the October Furniture Market opening.
MENTIONED IN THIS ARTICLE
Southern Furniture Exposition
Leo J. Heer
Heer
Main Street
Shastri Nominated to Form Indian Government
Shastri, seen as a moderate anti Communist, is nominated by G L Nanda to form a government after Nehru’s stroke. Congress leaders praise his middle of the road stance to unite conservatives and leftists. President Radhakrishnan expected to swear him in later this week.
MENTIONED IN THIS ARTICLE
India
Shastri
Nehru
G. L. Nanda
Congress
Barbara Gilliland Goes On Trial in Warren Superior Court
Barbara Gilliland, a blonde German-born Mrs, stood trial in Warren Superior Court for the October 28 slaying of her lawyer husband James D. Gilliland. He died after being shot in the throat at a cabin near Warrenton. Prosecutor Burgwyn said he would seek second degree murder or manslaughter. she pleaded not guilty. Evidence cites two pistols found at the bloodstained cabin. Gilliland had been a controversial figure in Warrenton since 1958 for representing alleged Communists in a hearings case and later being disbarred, then reinstated.
MENTIONED IN THIS ARTICLE
Warrenton
N.C
Barbara Gilliland
Warren Superior Court
James D. Gilliland
Gilliland
UN- American Activities Committee
Charlotte
State Bar Council
Worries on Equipment Quality and Shastri Message
The report notes concerns over equipment quality used by military authorities and acknowledges normal flaws in machinery. It also covers Johnson sending a congratulatory message to India’s new prime minister Lal Bahadur Shastri and avoiding a stance on the selection, saying it’s for Indians to decide. The piece also cites Arizona Senator and Rockefeller trading barbs over quotes and endorsing Ike era Republican restraint.
MENTIONED IN THIS ARTICLE
Johnson
Lal Bahadur Shastri
India
Lism
Arizona
Rockefeller
Ike
Dwight D. Hisenhower
Romania pledges trade policy to buy U.S. machinery
Romania seeks large imports of American industrial equipment as part of a new trade pact. Washington plans five year credits via Export-Import Bank and aims to elevate Romanian legations to embassies. Romania pledges not to re export without consent and to allow IAEA inspection for nuclear plants.
MENTIONED IN THIS ARTICLE
Washington
U.S
Romania
Bucharest
United States
Europe
Johnson
William A. Crawford
Que
International Atomic Energy Agency
Car Strikes Utility Pole On Parkway
A car driven by Forrest H Murray of W Parkway struck a telephone pole on Parkway while the driver adjusted the rearview mirror. No injuries were reported. Police also charged Ester Anderson with failure to yield right of way after an English Road Ward Street collision. Marian H Bass was charged with improper backing on Hoover Street after backing from a driveway into a car driven by Benjamini Allen on Hoover.
MENTIONED IN THIS ARTICLE
Forrest
H. Murray
W. Parkway
Parkway
Murray
Ester Anderson
Hardover Drive
English Road
Ward Street
Anderson
Judy Crisstersen
Desk Drive
Marian H. Bass
Hoover Street
Bass
Benjamini
Allen
Beaman Street
Hoover
Air Quality Pilot Study Report Due Wednesday
Guilford County Health Depart ment in Greensboro will hold a 10 a m meeting to announce the results of a pilot study on air quality in High Point and Greensboro conducted in February and March. Owen Braughter says officials from High Point, Greensboro and Guilford County are invited. Joseph Ameen of the State Health Department will assist. The briefing will be general with a full report to follow.
MENTIONED IN THIS ARTICLE
Guilford County
Guilford
Joseph Ameen
State Health Department
Ameen
Development Assn Plans County Tour
Representatives of the Northern Piedmont Area Development Association announce a county tour beginning in Thomasville and Lexington. The trip will include four Davidson County towns, with registration at the Civic Center in Thomasville at 1 p.m. Participants will be split into three groups visiting Thomasville, Lexington, and concluding at North Davidson High School for dinner.
MENTIONED IN THIS ARTICLE
Lexington
Piedmont
Assa
Davidson County
North 17
Thomasville
Carolina
NPADA
Guilford
Caswell
Randolph
Rockingham
Preyer
Chatham
Ala Cuulily
Civic Center
North Davidson’ High Cndol
Also Mentioned on This Page
California
AMTIC
Aciepnone M& Alien
Graph
Telestar
Moon Worth LO
At&t’ S
Laird
Negres
Russell B. Long
Senate
Dirksen
Nho
Dixie
Spessard L. Holland
Dfla
New York City
Richard B. Russell
Jacob K. Javits
R-N.y
Heaven and Earth
Pan Finar
Wrenn Street
Ka Hela Wrenn Street
Caine Art
Auscle
Frankie Avalon
Anbette Fanicello
Robert Taylor
Nash
Moscow
Barry
Shirley Eaton
Robert Gulp
Agent 007
Gan
Ginnery
Mel Bond
Bret
Darryl Wm Zanucks
Moore
North Carolina
Greensboro
Baby Jane
Bette Davis
Tele
Itt
Penr Lawford
Carl Malden
Dean Martin
Montgomery Carol Burnett
Louie Nye
Holida
Rudyard Kipling
MGM
Errol
Roa
N. Main Street
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