Stocks rally as market recovers after two week lull
The AP average of 60 stocks at noon rose 3.10 to 204.20 as major groups advance. Ford Chrysler and other autos gained. U S Steel, Bethlehem, Du Pont, Eastman Kodak rose. Merck Pfizer and American Cyanamid also higher. Airlines little changed.
MENTIONED IN THIS ARTICLE
Associated Press
Ford
Chrysler
Jones & Laughlin
Bethlehem
Republic Steel
U.S. Steel
du Pont
Eastman Kodak
American
New York
Caro P&l Ebeeereene
Celanese Carp Eeenwee
Eastman Kod
Am Motors Ween
Atl Refining
Bendix
Subcommittee
Lorillard P
McLean Trk
Monsanto Sete
Monty Ward
Motorola
Nat Biscuit
Nat Dairy Pd
Nat Distillers
NY Central
North West Eereeeees
Ness Empire
Am Avia
No Pacific
Ohio Oil
r/Pennsy RR
Psepsi-Cola
Phillips Petr Eereees
Radio Corp
Reynolds
Stock gains and bond steadiness mark midday markets
The Dow rose about 8.66 points to 545.64 at noon and momentum carried rails like Freemans Cotton t and Kansas City Southern modestly higher. IBM Xerox and Polaroid gained while corporate bonds moved little as a government bond outlook remained steady amid testimony on farm aid warnings regarding 1961 cotton allotments.
MENTIONED IN THIS ARTICLE
Southern Railway
Kansas City Southern
IBM
Xerox
Korvette
Sears, Roebuck
Polaroid
Dow Jones
Kennedy visit to Mexico features talks and cultural events
President Kennedy and Mrs. Kennedy visit Mexico for a 48hour trip with private talks set on Latin American issues, a busy first day program including an airport ceremony and a folklore ballet, mass at the Basilica of Guadalupe on departure, and a Fourth of July celebration with the American colony. The trip follows tense Senate investigations and regional concerns over Cuba and Castro.
MENTIONED IN THIS ARTICLE
Blas Roca
Cuba
Kennedy
Adolfo Lopez Mateos
Washington
United States
Mexico
U.S
Fidel Castro
Latin America
Kennedys
Basilica of
Guadalupe
Debentures and preferreds in stock investing explained
A broker explains debentures as promissory notes backed by general credit. Areas of risk and yield are discussed for leased railroads, common versus preferred stocks, and how market value book value and par value differ.
MENTIONED IN THIS ARTICLE
Allegheny Western
Canada Southern
Cleveland
Pittsburgh
Erie
Northern Central
American Telephone & Telegraph
North Carolina launches million dollar safety drive Project Impact
Raleigh AP reports the State Highway Commission will earmark 926000 for Project Impact a six month trial in Cumberland Robeson Guilford Forsyth Buncombe and Haywood counties starting July 1 The program aims to cut highway accidents through enforcement engineering and education with doubled Highway Patrol presence and enhanced driver education if successful it may expand statewide.
MENTIONED IN THIS ARTICLE
Raleigh
State Highway Commission
Cumberland
Robeson
Guilford
Forsyth
Buncome
Haywood
Terry Sanford
Launch Faircloth
Clinton
Commission
Merrill Evans
Highway route debate tests wilderness preservation and rights
A 1938 right of way agreement is cited to argue the state may condemn a high route despite earlier location. Judge Lewis notes federal law requires state acquisition before federal funds build the road. Evans names Raleigh commissioner Clifton Benson as committee chair with Joyner Brame McLean Kirksey and says the panel will study the issue in depth over weeks.
MENTIONED IN THIS ARTICLE
Lewis
Highway Commission
U. S. Park Service
Evans
Clifton L. Benson
Raleigh
Worth Joyner
Rocky Mount
C. Watson Brame
North Wilkesboro
Tom McLean
Fayetteville
Jack B. Kirksey
Morganton
Sign company defendants named in North Carolina highway bid case
North Carolinas highway sign contracts involve defendants including Robert M. Burch and Kidd Brewer with firms Pfaff & Kendall and Traffic and Street Sign Co. of Newark New Jersey. Executives George Masefield Martin Hamilton and Walter Schoenfeldt are named as New Jersey participants. State witnesses describe bidding procedures and material purchases from the firms.
MENTIONED IN THIS ARTICLE
North Carolina
Burch
Robert M. Burch
Kidd Brewer
Raleigh
Pfaff& Kendall
Traffic and Street Sign Co
Newark
N.J
New Jersey
George Masefield
Martin Hamilton
Walter Schoenfeldt
Tesog
Eleven Convicts Remain on Water Tower Protest
In Pittsburgh at Western State Penitentiary eleven parole violators and other inmates stay atop a 100 foot water tower in a hunger and thirst protest against alleged brutality. Two relented by dinner time, one hospitalized. guards assist the downed convicts.
MENTIONED IN THIS ARTICLE
Pittsburgh
Western State Penitentiary
Robert Payne
Payne
Mess Hall
James J. Pletcher
Pletcher
Alfred Nardi Jr
James Maroney
U S Soldier Details Viet Cong Captivity Ordeal
Specialist 4 George F Fryett Jr of Long Beach California described six months in Viet Cong custody He recounted 35 forced marches with arms bound rope around his neck daily propaganda reading under gunpoint and harsh conditions He attempted escape by river and reported severe foot blisters and constant guard presence during captivity
MENTIONED IN THIS ARTICLE
Malcolm W. Browne
Saigon
South Viet Nam
U.S
George F. Fryett Jr
Long Beach
Calif
Fryett
U. S
United States
Mickey Cochrane Dies A Baseball Hall of Fame Catcher
Mickey Cochrane 59 a Baseball Hall of Fame catcher and leader died at Lake Forest Hospital after a long illness. He spent 13 American League seasons with Philadelphia Athletics and Detroit Tigers and managed the Tigers to pennants in 1934 and 1935 then to a World Series title. He was elected to the Hall of Fame in 1947 and later worked in public relations and as a Tigers scout.
MENTIONED IN THIS ARTICLE
Lake Forest, Ill
Mickey Cochrane
Lake Forest Hospital
Cochrane
Lake Bluff
George Caldwell
Philadelphia Athletics
Detroit Tigers
Tigers
Baseball
Connie Mack
Also Mentioned on This Page
Freeman
American Stock Bank
Paul E. Kamerick
Estes
Department
Murphy
Senate
Horace D. Godfrey
Agriculture Department
Agricultural Stabilization and Conservation Service
Eisenhower
Godfrey
Karl E. Mundt
R-S.d
Senate Investigations Subcommittee
John L. McClellan
D-Ark
Mundt
Investors Guide
N.C
Securities Dealers, Inc
National Association of But
Allied Security Ins
Allvac Metals
American Cryogenics
Drexel Enterprises
Botany Industries
Colonial Stores
Kavanaugh-Smith
ROMOG
TR Oodgies
Life & Casualty
American Fidelity Life
Boston Capital Cor
First Southern
First Union Nat. Bank
Gulf Life Ins. Co
Harris-Teeter Super M
Houston Corp
Intermountain Tel
Jefferson Standard
Li'l General Stores
Moore-Handley, Inc
N. C. National Bank
Piedmont Aviation
Piedmont Nat. Gas
Public Ser. of
N. C
Pyramid Life
Scottish Bank
Security L.&t. Co
Soroban Eng. Inc
Standard Motor
Thomasville Industr
U. S. Leasing
Gueue
Thermo Plastics
Arthur T. Prasse
State Bureau of Corrections
Harrisburg
Lifoam
Ladd
Lola
Aluminum
Saft-Master
Paint and Wallpaper CO
N. Main ST
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