Stocks Edge Through Small Shifts Amid Late Day Calm
New York stocks moved irregularly with minor gains and losses after an earlier downturn. Trading slowed as a civil defense drill interrupted activity, then resumed about 30 minutes later. Key movers included New York Central rising after a proxy fight victory and Allied Chemical among several others showing modest gains.
MENTIONED IN THIS ARTICLE
New York
New York Central
Robert R. Young
Alleghany Corp
Young
Admiral, Corporation
Alleghany Corporation
Allied Chemical & Dye Esccee
Allis Chalmers Mfg Covccecee Som American Cath
Cescsesseees
American Smelt & Ref
American Tel & Tel Seer
Boeing Airplane
Borg Warner
Libby Owen Ford & Liggett & Myers
Lockheed Aircraft
Csssess
Loews Theaters
Lorillard & Company
Escops
Louisville & Nashville
Magnavox Radio
Montgomery Ward
Ssesesess
Motorola Radio
National Biscuit
National Cash Register
Ssees
National Distillers
Ssesees
National Lead Eee Ee Eee
Packard Motor
Penney J. C. Ceeeee
Pennsylvania
Pepsi Cola
Philco Corporation
Phillips Petroleum
Pittsburgh
Eees
Pure Oil Co
Sears Roebuck
Southern Pacific
Southern Railway
Sperry
Standard Oil
Calif Standard Oil
Ind
Standard Oil N.J
Stevens, J. P
Ceeeeween Studebaker Corp
Seses Sylvania Elec Prod
of Texas Company
Cccesssees
Tex Gulf Products
Union Pacific
United Airlines
Virginia-Care Chemical
Western Union
Would-Be Dueler Is Caught
In Elgin Illinois a 19 year old, William Frenchack, waited two days for a rival to appear for a rifle duel at a gravel pit. Police formed a posse after he fired a few shots at officers. Frenchack confessed a quarrel over two girls with Leroy Snow and claimed the duel was a joke.
MENTIONED IN THIS ARTICLE
Frenchack
Leroy Snow
South Elgin
Snow
McClellan Foresees Split Report On Army McCarthy Feud
Reported discussions show McCarthy facing a split subcommittee outcome as Democrats and Republicans weigh a critical verdict on his conduct. Flanders and Brownell condemn attempts to seize covert information and power, while Mundt Jackson and Cohn dispute partisan slant and dispute over Schine's status.
MENTIONED IN THIS ARTICLE
McClellan
Brownell
McCarthy
White House
Government Operations Committee
Cohn
Stevens
Mundt
Sen. Jackson
D-Wash
Congress
Jackson
Subcommittee
Washington
Flanders Attacks McCarthy as Senate Contempt Debate Rages
Senator Flanders frames McCarthy as in contempt of the Senate for not appearing before the elections subcommittee during the 1952 probe. He cites televised controversy and argues McCarthy moves toward fascism in fighting communism. McCarthy says nothing on Flanders remarks.
MENTIONED IN THIS ARTICLE
McCarthy
Flanders
NBC
Congress
Senate
Wisconsin
People of
United States
E D
Cotton Ed) Smith
South Carolina
Army
Stevens
Elections Subcommittee
William Benton
Dconn
Lehman
D-Lib-Ny
Waltham, Mass
Eisenhower
McCarthy Committee
Vermont
Washington
New Building Record Seen in Public Construction
Expenditures for new public construction are projected to rise 4 percent to 11.85 billion dollars, offsetting declines in residential, military, and naval work. State and local projects are expected to continue expanding with new records anticipated in school building, highways, and sewer and water facilities.
Carr Takes Stand At Hearing On Army Subversion Probes
Carr testified as McCarthy era investigator detailing his push to probe Defense Dept units and Navy and Air Force to ease Army pressure. He described a Pentagon lunch where Stevens suggested shifting inquiries, and recalled Stevens reacting to long hearings with threats to resign. Mundt said the hearings may end this week. McCarthy and Cohn were to testify again.
MENTIONED IN THIS ARTICLE
Subcommittee
Cohn
New York
Washington
Robert F. Kennedy
Kennedy
Sen. Jackson
McCarthy
Schine
Jackson
Sen
Mundt
Sen. Potter
R-Mich
Korea
Army
Carr
Pentagon
Richard ©. Partridge
Army Inteligence
Monmouth
Stevens
Kirke B. Lawton
Ft. Monmouth
Lawton
Air Force
Navy
Adams
Defense Department
McCarthy Subcommittee
Joseph N. Welch
McCarthy Army
R-Sd
Ater
Also Mentioned on This Page
Eeeere
Teee
Saae
Ceear
Nathan R. Sobel
Nina Foch
Tor James Lipton
Kings County
Brooklyn
Nina
Lipton
Atty
Gen.Brownell
American University
Knowland
Ula
Ata
Wright
High Point, N. C
High Point
N. C
Pat, Schine
Clark Clifford
Truman
Chrysler
Indianapolis
Daytona Beach
Davis-Pruett Motor Co., Inc
N. Main St