Market rises as industrials push indices toward yearly highs
Gains by selected industrials lift New York trading in a brisk session. The Associated Press average climbs to 175.00 as major names such as Chrysler General Motors Eastman Kodak Dow and U S Steel show varied movement amid broader gains and losses across oil metals and chemicals.
MENTIONED IN THIS ARTICLE
New York
U.S. Tobacco
Ickly
Chrysler
General Motors
Kennecott
Anaconda
Magma
Phelps Dodge
New York Central
Pennsylvania Railroad
Southern Railway
Southern Pacific and &Ohio
Associated Press
Bache & Co
Allied Chemical & Dye
American Tobacco Co
Bethlehem Steel
Burlington Mills
Chrysler Corp
New York Central AR
Cone Corp
Carolina Light & Power
DuPont de Nemours
Dow
Eastern Airlines
Eastman Kodak
Greyhound Corp
General Dynamics
General Electric Gulf Oil
Dow Jones Averages at Noon and Close
The Dow Jones averages show 20 Industrials around 477.15 at noon and 476.56 at close, 20 Rails near 119.58 rising to 119.07, and 16 Utilities near 70.05 to 70.06. Volume figures list about 1.12 million at noon and 2.87 million at close.
MENTIONED IN THIS ARTICLE
Bache & Co
German President Visits Grand Canyon
Theodor Heuss president of the German Federal Republic visited the Grand Canyon in Arizona and called the view overpowering.
MENTIONED IN THIS ARTICLE
Grand Canyon
Grand Canyon, Ariz
Theodor Heuss
Investment guidance for inflation and retirement funds
Advice favors shifting $12 000 from the house sale into convertible bonds or preferred shares of solid firms to hedge inflation. For seniors with $75 weekly income, buying a smaller home is weighed against ongoing costs. spending cash gradually or living on income is discussed, with emphasis on using dividends and interest to support value.
MENTIONED IN THIS ARTICLE
Standard Oil
South Penn Oil
Construction Industry Edges Higher on Government Spending
The Commerce Department reports stronger overall construction with housing starts above one million and public projects up 4 percent from a year earlier. Federal, state, and local spending support growth while industrial building languishes, yet a rebound is anticipated.
MENTIONED IN THIS ARTICLE
New York
Commerce Department
Labor Department
FHA
Veterans Administration
Northern Trust Co
Chicago
Federal Reserve Bank of New York
Bureau of Public Roads
Pistons Weil
Department of Commerce
Federal charges against Barbara Burns dropped
In San Diego California federal charges against Barbara Ann Burns were dropped after prosecutors said they could not prove a violation of the law and that she was already under supervision. Burns had been convicted in Los Angeles last week of using narcotics and received 90 days in jail plus two years probation.
MENTIONED IN THIS ARTICLE
San Diego
Calif
Barbara Anntering
Asst
U.S
William Seavey
Miss Burns
Los Angeles
Bus Plunges Down Embankment Near Marietta
A Greyhound bus in a heavy rainstorm left U S 41 near Marietta and slid down a 25 foot embankment tipping onto its side. Six people remained hospitalized in good condition, fourteen treated and dismissed. Driver Floyd A Jones said braking caused the wheel lock and crash was unavoidable with no charges planned.
MENTIONED IN THIS ARTICLE
Marietta
Greyhound
U.S. 41
Cincinnati
Jacksonville
Fla
Floyd A. Jones
Hagerty Denies Pearson Vicuna Coat Claims About Eisenhower
Hagerty refutes Pearson charges linking Goldfine to Eisenhower gifts and trips. He confirms a 1956 vicuna material letter of thanks but says no coat was made. He calls claims of rugs, furniture, liquor, and shopping trips false and cites Adams’ own denial of furniture from Goldfine.
MENTIONED IN THIS ARTICLE
Pearson
Goldfine
Eisenhower
Hagerty
Adams
Washington
Adams Denies Wrongdoing At House Hearing
Adams faces questions over alleged improper favors for friend Goldfine as witnesses recount gifts and hotel bills. He defends 50 years of public service, denies using influence, and cites personal judgments not intent while White House notes Eisenhower once accepted vicuna cloth from Goldfine.
MENTIONED IN THIS ARTICLE
Congress
Adams
Oren Harris
D-Ark
Goldfine
House Subcommittee On Legislative Oversight
White House
Eisenhower
Waldorf-Astoria
New York
Boston
Federal Trade Commission
FTC
Also Mentioned on This Page
Amerada
Lukens Steel
U.S. Steel
Bethlehem and
Republic Steel
Dixie Soda Shop
N. Main Street
Wfemy-Tv
Greensboro
T& Yours
Arighter
Olo Dene
Amor
Andy
St Erwin
Douglas
Mr. Adame
Eve
Arthur
Sto Erwin
World Furne
Wsjs-Tv
Winston-Salem
Ana
Wsoc-Tv
Charlotte
Dayton Tires
Hughes Tire Service, Inc. &. F
Hughes
North Main
RCA Victor
Dumont
Admiral
Television Sales & Service
North Main ST
Channel
WBTV
Channel 3
High Point
Bedford Sales CO
Carolina Tri-City
N. Wrenn ST
Bedford Sales Company
430 N. Wre
Dow-Jones
Jones Laughlin Steel Johns
Sam Shulsky
Business Mirror
By Sam Dawson
Zett
N. Main ST
Barbara Burns
THE
Penator Moore
T’ville
Jedda
Frederick the Great
Prussia
William Faulkner
Inemasco
Paul Newman
Joanne Woodward
Nthony Franciosa
Orson Welles
oRive
Technicolor
Huntz Hall
Kolor Kartoon
Paramount
Don Hartman
Eugene O'Neill
Matekcid Cees
Ricardo Montalban
wanTua
Gincerco Ev
Wlande
Sosh Logan
Sues Ae ii
James Garner
rereor ec ag _MIIKO TAKA
Glenn Ford
Rial
Taming Shon
MGM Presents
Albert Zugsmith
Hun
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