Stocks rally as tobacco names lead gains after three day loss
The New York market recovered from a three day skid in late sessions led by gains in Lorillard and Reynolds Tobacco. The Associated Press average rose to 162.80 as Industrials and rails climbed while utilities eased. Trading remained active with short covering cited as a factor.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Lorillard
Liggett & Myers
Reynolds Tobacco
U.S. Tobacco
Associated Press
Bache & Co
Debating federal responses to the 1956 downturn
The article surveys options for easing a 12 percent drop in industrial output since December 1956, weighing tax cuts, public works, cheaper money, and strengthened cushions. It notes varied views from governors, economists, and skeptics, with concerns about debt, inflation, time lags, and possible misallocation of funds.
MENTIONED IN THIS ARTICLE
Sam Dawson
New York
Public Works
Treasury
Moonwatchers Observe Satellite Passes Across Regions
Astronomical notes describe bright satellite visibility from Florida to New England and beyond with multiple passes tonight. Details include times for Explorer I Vanguard I and Sputnik I passages across the U S from west to east and across Canada and the Pacific, noting shadow conditions and visibility prospects for observers coast to coast.
MENTIONED IN THIS ARTICLE
Florida
New England
Alabama
Michigan
New Mexico
Minnesota
California
Pacific
Montana
Vanguard I
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 Proposal Aids a Struggling Industry
Pomeranz and an industrial partner urged government and banks to back a revolving loan fund to finance modern textile equipment. They argued credit scarcity cripples mills and that long term loans for capital purchases would help mills operate profitably.
MENTIONED IN THIS ARTICLE
Pomeranz
Court upholds ruling on non public utility status of two water firms
The North Carolina Supreme Court ruled that New Hope Road Water Co and McLean Community Water System near Gastonia are not public utilities and fall outside State Utilities Commission regulation. The decision reverses a Gaston Superior Court finding and notes the city of Gastonia furnishes the water. The court also upheld dismissal of J C Mobley's suit against Dallas police officers for false imprisonment and assault, citing a one year statute of limitations.
MENTIONED IN THIS ARTICLE
Gaston Superior Court
Utilities Commission
New Hope Road Water Co
McLean Community Water System
Gastonia
Supreme Court
Superior Court
J. Frank Huskins
J. C. Mobley
Dallas
Jess Broome
A. R. Edison
Huskins
Court Action Suggested To Block Toll Highway Plan
North Carolina leaders urge blocking tolls on Blue Ridge Parkway arguing tolls offend its scenic highway status and would burden western users. Interior Department tolls set to start June 1 face nationwide opposition from NC VA lawmakers and local officials.
MENTIONED IN THIS ARTICLE
Blue Ridge Parkway
Hodges
North Carolina
National Para Service
Interior Department
Virginia
Ervin
Scott
Cooley
Jonas
Alexander
Kitchin
Shuford
Tar Heel
R. Getty Browning
State Highway Commission
E. B. Jeffress
Chapel Hill
J. Melville
SHC
Vant Gil ‘More
State Travel Council
Hugh Morton
Wilmington
State Board of Conservation and Development
Seaton
Congress
Jloud
Clear
Park Service
Interior
Dougl McKay
Yellowstone National Park
Blue Ridges
Mount Vernon
Washington ~ Baltimore Parkway
George Washington Parkway
Blue Ridge
Also Mentioned on This Page
Chrysler Corp
New York Central RR
Cone Mills Corp
Carolina Light & Power
Douglas Aircraft
DuPont de Nemours
Dow Chemical
Eastern Airlines
Consolidated Edison
General Dynamics Ss
General Electric
Gulf Oil
General Motors
Goodyear Tire & Rubber
International Harvester
International Tel
SIV
Eee
Tereneeee
Standard Oil Co
Eases Pitiaes
Jones Laughlin Steel Gap
Svseens Eves
Johns Manville
Mar
Esases Sacha Eee
Loew's Inc
Seseevereees
Norfolk & Western Ray
Dow-Jones
Business Mirror
Raleigh
State Supreme Court
State Utilities Commission
United State
Dion
Creomulsion
Harllee
Woolite
Harllee’s Home Center
Dawnelle
Elvette
Lucia
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