Market Slump Persists Amid Mixed Middle East News
New York stocks slipped in slow trading as investors stayed cautious over a brewing Middle East crisis and mixed business signals. Chrysler and American Motors posted fractional gains, while US Steel Bethlehem and several major issues fell. The Associated Press average for 60 stocks hovered around $172 as rails and utilities showed mixed moves.
MENTIONED IN THIS ARTICLE
New York
Middle East
Chrysler
American Motors
Louis E. Wolfson
Steel
Youngstown
Bethlehem
Douglas
Boeing
United Aircraft
Eastman Kodak, Aluminium Ltd
Allied Chemical
Gulf Oil
U.S. Gypsum
Baltimore & Ohio
Realty Transfers in High Point Township and Jamestown
A series of property transfers record transfers in High Point Township and Jamestown. L. E. Boyles and wife move a lot in Sher rod Park to G. T. Tunstall Sr. and wife while F. A. Brown and wife transfer land in West Ward Development Co. to J. J. Groome Jr. and wife. Henry Shavitz sells Shavitz land to Jessie Ricks and wife. Nell McGhee Scott transfers Morris Street lot to Mary K. McGhee. Clara Harcourt sells a High Point lot to P. B. Carvalho. B. R. Prince and wife convey a Northview Heights lot to L. L. Smithy Jr. Fred Swartzberg and wife transfer High Point lot to Mollie M. Swartzberg. L. L. Smithy Sr. transfers Northview Heights lots to H. R. Hendrix. H. C. Bray Building and Supply Co. sells subdivision in Jamestown Township to William H. Shipley and wife. L. Jackson Jr. sells E. A. Suits estate lot to R. W. Cook.
MENTIONED IN THIS ARTICLE
High Point Township
L. E. Boyles
G. T. Tunstall Sr
Sherrod Park
F. A. Brown
J. J. Groome Jr
Westward Development Co
J. S. Samuel
Henry Shavitz
Jessie Ricks
Shavitz
Nell McGhee Scott
Mary K. McGhee
Morris Street
Cotton futures drift on open with mixed price moves
The market shows New York cotton futures opening lower by about 50 cents per bale and near unchanged to modestly higher at mid session. Related commodity quotes and listed company ratios appear in a crowded page with broad industry stock weights and utility names.
MENTIONED IN THIS ARTICLE
New York
Investors Still Buying Favorites
New York stock market shows steady ownership growth in popular stocks led by American Telephone and Telegraph and Standard Oil. Oil and auto giants, including General Motors Ford Motor, posted ownership gains amid rising cash dividends while overall trading turnover eased from the previous year.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Jersey Standard Oil
Tops
American Telephone and Telegraph
General Motors
Jerry Standard
Ford Motor
Department of Commerce
U.S
Director Hitchcock Undergoes Gallstone Surgery
Alfred Hitchcock, 57, renowned director of film and television thrillers, rested comfortably today after surgery to remove gallstones and was in satisfactory condition.
MENTIONED IN THIS ARTICLE
Hollywood
Alfred Hitchcock
Mayor Calls for Youth on City Committees
Mayor George Covington urged more young volunteers to join city committees as he outlined upcoming bond issues and traffic improvements. Royster Tucker was introduced and President Cal Anderson presided.
MENTIONED IN THIS ARTICLE
George Covington
Furniture City American Business Tien
Royster Tucker
Cal Anderson
Dow Jones Averages Reported By Bache & Co
The Dow Jones averages show figures for industrials at 468.56 to 469.50, rail issues at 141.44 to 141.98, utilities around 70.69, and stocks near 165.75 with volume readings near 650000 to 1650000 shares. A six point drop is indicated.
MENTIONED IN THIS ARTICLE
Bache & Co
Lino
Firemen Battle Wave Of Local Grass Fires
Yesterday in the city firemen fought several grass and trash fires. A field fire at 1124 Tryon St spread through the Carolina Veneer Co lumber yard to Southern Railway tracks. Cause unknown after 2 09 p m. A cigarette may have sparked a blaze near Senior High School at 1 48 p m. Flammable debris burned along a hedge row in the 500 block of Chestnut St. Other fires were reported at 213 Lindsay St and the 100 block of E Ray St near Ray Street School.
MENTIONED IN THIS ARTICLE
Tryon St
Carolina Veneer Co
Southern Railway
Chestnut Street
Lindsay St
E. Ray Street
Ray Street
Adm Byrd Dies at 68 Legendary Polar Explorer
Admiral Richard E. Byrd, famed polar explorer, dies at 68. He became rear admiral at 41 the youngest in that rank. Byrd’s late 1955 to early 1956 South Pole flight capped a career spanning Arctic and Antarctic feats and perilous risks including the 1921 ZR-2 disaster in England.
MENTIONED IN THIS ARTICLE
Atlantic
South Pole
Antartica
Byrd
Antarctic
England
United States
Humber River
North Pole
Schrunk Battling Lie Test Questions In Portland Case
Crosby handed over a batch for wire recordings seized from a private Portland home under a search warrant. McClellan said the committee will review privately to decide next steps as hearings on alleged Portland vice and corruption continued. Schrunk declined to answer six of nine questions about payoffs from Elkins and others during 1955 when he was sheriff. Testimony cited a reported $500 bribe from gambler Clifford Bennet in 1955.
MENTIONED IN THIS ARTICLE
Crosby
McClellan
Portland
Dark
Schrunk
Secret Service
A. E. Baugh
Gaza Strip tensions rise over UNEF vacuum fears
Arab Gaza residents uneasy that UNEF aims to create a vacuum in Gaza to be filled without Egypt. UNEF arms confiscation and relief staff from Lebanon fuel distrust. Dulles defers comment while US officials call Egypt's move provocative and risky for Middle East peace. Israel expresses grave concern.
MENTIONED IN THIS ARTICLE
Gaza
UNEF
Gaza Strip
Egypt
al Ahram
U.N
Lebanon
U.S
State Dulles
Southeast Asia Treaty Organization
Australia
State Department
Washington
Middle East
Jerusalem
Israel
Sharm el Sheikh
Gulf of Aqaba
Also Mentioned on This Page
American Can
Allied Chemical & Dye
the Borden Co
Chrysler Burlington Mills
New York Central RR
Carolina Light & Power
Cone Millis
DuPont de Nemours
Eastern Airlines
Consolidated Edison
Eastman Kodak
Greyhound
General Dynamic
General Electric
Ccccscevesees Mma UA
Ccs Cghane Callea
Dec Scossesseres
May
Ee Eee Eertee
Fly Sietasgres Range
Goodyear Tire & Rubber
International
International Tel
Standard Oil Co
Jones Laughlin Steel
Johns Manville
Loews Inc
Phillips Petroleum
Pennsylvania Railway
Pepsi-Cola
Procter & Gamble
Reynolds Tobacco
Republic Steel O's
Sears Roebuck
Southern Ry
J. P. Stevens Co
American Tel. & Tal
the Texas Co
Union Carbide & Carbon
United Aircraft Corp
Electric Co
Business Mirror
Atoll
N. Main
Ingram
Elliott’s
Dow-Jones
Rodden Furniture
Belgium
Rodden Furniture CO
S. Main St. Ext
Mann’s
Adm. Byrd
Explorer
Ford
English Motor Company
Washington & Wrenn St
High Point, N. C
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