Mixed stock market pauses amid consolidation phase
Stock prices in New York moved unevenly with some gains and losses. The market steadied after a rise to yearly highs as analysts noted a broader consolidation with oils and aircraft lagging while steels and chemicals edged higher. Major movers included American Motors and Union Oil, while General Motors and Chrysler weakened.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Commerce Dept
American Motors
Louis E. Wolfson
Leopold Silberstein
Penn- Tewas
Servel
Union Oil of California
Gulf Oil
Union
Gulf
Lorillard
U.S. Steel
Kennecott
American Telephone
American Cyanamid
Illinois Central
General Motors
Chrysler
Phelps Dodge
Boeing
Sinclair
Associated Press
Adams-Millis Corp
American Tobacco Co
the Borden Co Secre
Guee
Bethlehem Steel
Burlington Mills
Corp
New York Central RR
Ssnces
Cone Mills Corp
Carolina Light & Power
DuPont de Nemours
Dow Chemical
Coors
Eastern Airlines
Consolidated Edison
Wiebeats
Eastman Kodak
Greyhound Corp
General Dynamics
General Electric
Vie Ex
Wean
Steres
International Tel
Standard Oil Co
Seuss
Jones Laughlin Steel
Johns Manville
Norfolk & Western Ray
Phillips Petroleum
Pennsylvania Railway
Procter & Gamble
Reynolds Tobacco
Republic Steel
Sseecess
Sears Roebuck
Southern Ray
Beasts
Bi P. Beeveee OO
Ok Seesaks
American Tel. & Tel
Union Carbide & Carbon
United Aircraft Corp
Westinghouse Electric Co
Attempted Rundown Charges Loom in Local Case
Last weekend Mark Shankle 16 of Cross Street faced a charge of malicious damage to a car after an alleged chase with knives. Wayne Welch 21 of Johnson Street and two companions posted bonds on assault counts as evidence will be heard July 2 in Municipal Court. Other police notes include several liquor-law violations and a reckless driving booking with July 18 court cite.
MENTIONED IN THIS ARTICLE
Mark Shankle
Wayne Welch
Johnson Street
Welch
Shankle
Cross Street
Bobby Crawley
W. Green Street
Jerry O'Dell
Model Farm Road
Kenneth Barrino
E. Washington Street
Francis Nichols
Railroad Street
Jessie Mae Burke
Willowbrook Street
Helen Jones
E. Commerce Street
Barrino
Troy Eugene Wall
Kearns Street
Dow Jones Averages and Trading Snapshot
Market summary from Dow Jones showing indexes for industrials rails utilities and stocks with figures for previous noon and close plus trading volume. Indicates 30 Industrials 467.84 to 470.43 range, Rails around 116.93, Utilities 878.26, Stocks 162.36 to 162.47, volume figures in thousands.
MENTIONED IN THIS ARTICLE
Bache & Co
North Carolina Mills Produce Half of Nation Hosiery
Charlotte based hosiery mills accounted for nearly half of the United States 1957 production totaling 145 million dozen pairs. The National Hosiery Manufacturers Association reported the South produced three quarters of full fashioned hosiery and over 85 percent of the seamless type.
MENTIONED IN THIS ARTICLE
Charlotte
National
Burlington Bond Issue Defeated
In Burlington North Carolina a four million dollar city bond election failed to pass with only 1 079 of about 14 000 registered voters turning out. Voters rejected the 2 3 million sewer improvement bond 647 427 and the 1 7 million water bond in the sparse turnout.
MENTIONED IN THIS ARTICLE
Burlington, N.C
Realty Transfers in High Point Township and Nearby Areas
Real estate transfers recorded including D. S. Hedgecock and wife to W. H. Lamb and wife property in High Point Township. Hayworth and others to Lamb in Golf Crest development. Mary A. Long and others to Arthur S. Lyon and wife, North Carolina Yearly Meeting of Friends property. Gantt & Handley Inc. to Mattie Perry and others, J. C. Elliott property. Mattie Perry and others to Charles M. Mendenhall and others, J. C. Elliott property. Henry G. Kennedy and wife to Thomas B. Owens and wife, Blairwood area lot.
MENTIONED IN THIS ARTICLE
High Point
D. S. Hedgecock
W. H. Lamb
Lot
Hayworth
Golfcrest
Mary A. Long
Arthur S. Lyon
North Carolina
Thomas B. Owens
Blairwood
Investors Guide on selection and growth versus solid stocks
A reader questions whether to chase growth stocks or stick with dependable issues like U S Tobacco and utilities. The adviser urges not to chase labels, suggests adding Florida Power Cyanamid and Pfizer when possible, and cautions against frequent trading. Other readers ask about bond cashing and retirement portfolios with mixed holdings.
MENTIONED IN THIS ARTICLE
General Motors
Sterling Drug
U. S. Tobacco
Chicago Pneumatic Tool
American Machine & Foundry
Florida Power & Light
American Cyanamid
Pfizer
U. S
Florida Power
Cyanamid
FPASTEETH Denture Powder Promises Firm Comfort
An alkaline powder for dentures claims to hold teeth firmly in place without taste or odor. It advertises quick ease during eating and comfortable wear, marketed as a non acid denture adhesive available at drug counters.
Lebanon faces rebel threat as Chamoun seeks aid
President Camille Chamoun warned rebels massing in three areas threaten his government. He met with UN secretary general Dag Hammarskjold and asked the Security Council for possible police force help if Lebanon cannot cope. Tass charged the West with planning intervention while observers faced territorial limits from Jumblatt.
MENTIONED IN THIS ARTICLE
Camille Chamoun
Chamoun
U.N
Dag Hammarskjold
New York
Middle East
Lebanon
United Arab Republic
Security Council
UAR
U.A.R
Soviet Union
Tass
United States
United Nations
Uited
Britain
Jumblatt
Maurice Brown
New Zealand
Moukhtara
Col
Brown
Monthly Investment Plan for US Citizens Growth Stocks
A reader is advised that a monthly investment plan is open to everyone and that growth stocks can be bought on a quarterly basis. The piece explains stock quotes, bid and asked prices, and how to interpret 32 1/2 as thirty-two dollars fifty cents.
MENTIONED IN THIS ARTICLE
U. S
Shulsky
Also Mentioned on This Page
Als
Isenhour
R Salisbury
N.C
Dow-Jones
Jly
Burlington
Investors Guide
Con. Edison
Chemical Corn Exchange
Sunray Oil
Boston Edison
New England Electric Best & Co
Irving Trust
New Yorker Magazine
Mutual Funds
A.t.&t
Exchange
Neri
Taye Eee
Plymouth
Sala
I" Doria, Tc
Goodyear
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