Stock market rallies after three day loss in New York
The New York market recovered from a three day decline with leaders up modestly and tobacco shares strong. The Associated Press average rose to 162.00 as traders cited short covering and active turnover. Major advisers listed gains for Chrysler, General Motors, Reynolds Tobacco, U.S. Tobacco and other industrials as bonds and rails posted mixed results.
MENTIONED IN THIS ARTICLE
New York W
Wall Street
Lorillard
Liggett & Myers
Reynolds Tobacco
U.S. Tobacco
Associated Press
Dow Jones Averages Reported With Noon and Close Values
The Dow Jones Averages, furnished by Bache & Co, show noon and 1 p m close figures for several sectors including Industrial, Rails, Utilities, and Blocks. The records list readings such as 440.08, 400.11 for Industrial and 104.51, 106.73, 106.15 for Rails, with recorded volumes of 490,000, 940,000, and 2,070,000.
MENTIONED IN THIS ARTICLE
Bache & Co
Debate Over Federal Response to Industrial Slump
The piece surveys options to lift a 12 percent drop in industrial output since December 1956, weighing tax cuts and public works, easier money, bolstering stabilizers, or a hands off stance. It notes uneven impacts across sectors and cites governors' talks on the states role.
MENTIONED IN THIS ARTICLE
Sam Dawson
New York
Public Works
Treasury
Moonwatchers Fail To Spot Satellite
Sky watchers miss planned passes of Explorer I and Vanguard I with visible sightings across the United States. Sputnik I passages listed for March 20 include times from Texas to Florida and Alaska to Canada, with several passes not visible due to Earth shadow and timing.
MENTIONED IN THIS ARTICLE
Florida
New England
Alabama
Michigan
New Mexico
Minnesota
California
Pacific
Montana
Sputnik I
Canada
New York
North Dakota
Seattle
Wash
Arizona
Explorer
Vanguard
Texas
South Carolina
San Diego
Gulf of Mexico
Kansas
Explorer I
Louisiana
East
Textile Aid Urged to Remedy Cotton Downturn
Pomeranz and an industrialist group call for a revolving loan fund to ease credit for mills. They fault government indecision and foreign competition, noting banks restrict long term capital lending. Loaned funds would back modern equipment and refurbished plants to keep mills financially viable.
MENTIONED IN THIS ARTICLE
Pomeranz
Court upholds non public utility status for two water firms
The North Carolina Supreme Court ruled two Gastonia area water companies New Hope Road Water Co. and McLean Community Water System are not public utilities and fall outside Utilities Commission regulation. The decision reversed a Gaston County ruling demanding certificates and expansions. The ruling noted the firms do not sell water to the public, as Gastonia supplies the water, and no compensation was paid for water. The court also affirmed dismissal of a separate false imprisonment suit against two Dallas police officers on statute limits grounds and cited 1956 heart disease death share in the U.S.
MENTIONED IN THIS ARTICLE
Raleigh
State Supreme Court
Gastonia
State Utilities Commission
Gaston Superior Court
The
Utilities Commission
New Hope Road Water Co
McLean Community Water System
Supreme Court
Superior Court
J. Frank Huskins
J. C. Mobley
Dallas
Jess Broome
A. R. Edison
Huskins
Court Action Suggested To Block Toll Blue Ridge Parkway
North Carolina leaders urge opposition to tolls on the Blue Ridge Parkway arguing it functions as a regular highway and tolls would anger residents. They note the parkway has operated toll free for over 20 years while the Park Service pushes charges starting June 1, challenging comparisons to national parks.
MENTIONED IN THIS ARTICLE
Mahwey
Blue Ridge Parkway
Hodges
North Carolina
National Park Service
Interior Department
Virginia
Ervin
Scott
Cooley
Jonas
Alexander
Kitchin
Shuford
Tar Heel
R. Getty
State Highway Commission
E. B. Jeffress
Chapel Hill
J. Melville Broughton
SHC
Vont Gilmore
State Travel Council
Hugh Morton
Wilmington
State Board of Conservation and Development
Park Service
Seaton
Interior
Douglas McKay
Yellowstone National Park
Blue Ridge
Congress
Also Mentioned on This Page
Chrysler Corp
New York Central
Ils
Cone Mills Corp
Carolina Light & Power
Douglas Aircraft
DuPont de Nemours
Dow Chemical
Eastern Airlines
Consolidated Edison
Eastman Kodak
Greyhound
General Bacoahee
General Electricas
General Motors
Goodyear Tire & Rubber
International Harvester
Ah May
Standard Oil Co
Veers Seveees
Jones Laughlin Steel Ga
Vseeees
Johns Manville
Veeeeseeess
Loew's Inc
Ssesereses
Norfolk & Western Ray
JIV. Sresect
J. P. Stevens Co
F. W. Woolworth Co
Dow-Jones
Business Mirror
United State
Mount Vernon
Washington - Baltimore Parkway
George Washington Parkway
Dion
Creomulsion
Harllee
Prey
Harllee’s Home Center
Dawnelle
Elvette
Lucia
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