Stocks Slip in Moderate Trading on Wall Street
New York stocks fell in a mid day session with fractional losses across most major issues. The Associated Press average dropped to 161.90 as industrials rails and utilities eased, while Coca cola, Dow Chemical and General Electric showed minor gains among the day’s declines.
MENTIONED IN THIS ARTICLE
New York
Marty
Althou Chemicals
US. Tobacco
Lorillard
Associated Press
Cone Mills Corp
Carolina Light & Power
Douglas Aircraft
DuPont de Nemours
Dow Chemical
Eastern Airlines
Consolidated Edison
Eastman Kodak
Greyhound Corp
General Dynamics
General Electric
General Motors
Tire & Rubber
International Harvester
International Tel
Standard Oi! Co
Jones Laughlin Steel
Johns Manville
Loew's Inc
Norfolk & Western Rwy
Talks With GOP Leaders On Quick Tax Rebate Plan
Democrats and the Eisenhower administration discuss a fast lump sum tax rebate of 40 dollars per person to spur spending. Officials say if under 40 dollars is withheld, payments would go out quickly. Senators Knowland and Bridges comment on timing and goals as the Fed reports declines in industrial production and auto output.
MENTIONED IN THIS ARTICLE
Eisenhower
Sen
Knowland
California
Senate
GOP
Bridges
Republican Policy Committee
Federal Reserve Board
Vanguard satellite records higher than hoped says Rosen
Dr. Milton Rosen of the Vanguard project notes the satellite’s low orbit point may reach 400 miles, possibly above 3000 miles later with more craft. He stresses the life of the satellite should be longer than expected and cites earlier provisions for a 200 mile low point. The Explorer I was launched January 31. Army Secretary Brucker mentions a possible second Army satellite launch within a week.
MENTIONED IN THIS ARTICLE
Milton Rosen
Vanguard
Naval Research Laboratory
Army
Brucker
Hodges to Meet with Governors at White House
North Carolina Governor Hodges will join nine members of the National Governors Conference at the White House for a 2 30 p m meeting to discuss a plan. Hodges plans to attend a late afternoon flight to Washington to meet Interior Secretary Seaton and protest tolls on the Blue Ridge Parkway.
MENTIONED IN THIS ARTICLE
Raleigh
Hodges
Eisenhower
White House
Washington
Interior
Seaton
Blue Ridge Parkway
North Carolina railroads gain 11 percent freight rise
The State Utilities Commission authorized intrastate freight rate hikes totaling 11 percent, split as 6 percent and 5 percent increases. The changes, effective April 1, apply to all base rates except crushed rock sand and gravel, which rise 6 percent. The commission cited fair return and alignment with interstate increases.
MENTIONED IN THIS ARTICLE
Raleigh
State Utilities Commission
North Carolina
Interstate Commerce Commission
Parker Rites Set Tomorrow
The body of Judge John J. Parker 72 chief judge of the U S Fourth Circuit died yesterday in Washington after a heart attack was returned to Charlotte by train for burial tomorrow after 11 a m EST funeral services in St Martins Episcopal Church Survivors include his widow a son Francis I Parker Charlotte attorney and a daughter Mrs Rufus M Ward of Spartanburg SC
MENTIONED IN THIS ARTICLE
Charlotte
John J. Parker
Washington
U.S. 4Th Circuit Court of Appeals
St. Martins Episcopal Church
Parker
Monroe
N.C
George Washington Hospital
Francis I. Parker
Rufus M. Ward
Spartanburg
S.C
Contested Case Yields Nol Pros and Suspended Sentences
A Thomasville man denied riding off without paying for a room but nol pros was allowed in a contested case. Several defendants faced jail and fines for drunkenness, bad checks, hit-and-run driving, and felonious assault with sentences ranging from suspended to four months, plus court costs.
MENTIONED IN THIS ARTICLE
Thomasville
Carroll Blackburn
Eedken
Voeer Ferry Street
Chair City
Poind Yg. Ag
J. R. Carter
Allen
Hiram F. Morgan
Emory Street
Morgan
Gilmore Lee
E. Washington Street
Byron Haworth
Lee
William Elbert Clark
Albemarle
Clark
George Boulding
English Motor Co
Haworth
Stanly
Lucius Blackwell
Herbert Street
Judge excuses man from jury service for vagrancy claim
Kansas City W Circuit Judge J Marcus Kirtley noted a juror applicant said he was vagrant and would be without visible means of support if kept from his business. After questioning, the man was excused from jury duty.
MENTIONED IN THIS ARTICLE
Kansas City
J. Marcus Kirtley
Hughes Recounts Shooting Incident Involving Barnes
Hughes of N C claims Barnes fired six to eight times at him on March 8 with a pistol but all shots missed. Barnes filed notice of appeal after Judge Haworth ordered, and Barnes was bound over to Superior Court under a 500 dollar bond.
MENTIONED IN THIS ARTICLE
Hughes
N. C
Barnes
Haworth
Superior Court
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