Stock Market Rally Mixes With Mixed Downdrafts
Early trading showed a slight upside tilt with many leading issues off from week’s end highs. Major names listed include Royal Dutch, Bethlehem Steel, General Electric, U S Steel, Reynolds Tobacco, Gulf Oil, General Motors, and Eastman Kodak among others.
MENTIONED IN THIS ARTICLE
Royal Dutch
Sinclair
Texas Co
American Cau Co
Allied Chemial & Dye
American ‘Tobacco Co
the Borden Co
Bethlehem Steel
Burlington Mills
Chrysler
New York Central AR
Cone Mills Corp
Carolina Light & Power
DuPont de Nemours
Dow Chemial
Eastern Airlines
Consolidated Edison
Eastman Kodak
Greyhound Corp
General Dynamics
General Electric
Gulf Oil
General Motors
Goodyear Tire & Rubber
International Harvester
Standard Oil Co.‘Jones Laughlin Steel Johns Manville Loew's Inc
Norfolk & Western
Phillips Petroleum Pennsylvania Railway
Pepsi-Cola
Proctor ‘ Gamble Reynolds
Obacco Steel
Sears Roebuck Southern
J. P. Stevens Co
Amerian Tel
Tel
United Aircraft Corp
Westinghouse Electric Co
U. S. Steel
Youngstown Sheet & Tube
F. W. Woolworth Co
Dow Jones Averages Reported With Mixed Readings
A garbled stock page shows Dow Jones averages and sectors with figures for industrials utilities and rails. Readings include party- or period-style figures such as 140.54 73.77 73.79 and volume tallies around 480,000 to 2,390,000 while many words are unreadable.
MENTIONED IN THIS ARTICLE
Bachs & Co
Eer
Eet Soc
Iana
Market sentiment lifts stocks to new yearly high
The stock index rose briefly to a new high for the year as investors shifted from recession fears to optimism that a sectors-led upswing will follow a sideways economy. Earnings, retail volume, and inflation expectations supported bulls while housing, auto sales, metals, and profit margins remained weak factors.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Associated Press
Kurfees Re elected In Winston Salem Mayoral Race
Winston Salem May mayor Marshal Kurfees won re election to a fifth term in a high turnout contest. He defeated Republican William E Morrow 5824 to 5290 in unofficial returns. Four aldermanic races saw Democrats prevail in each contest.
MENTIONED IN THIS ARTICLE
Winston-Salem
Marshal Kurfees
Kurfees
William E. Morrow
George D. Lentz
Elizabeth Overcash
Carroll Poplin
Carl Mason
Vietnam to Seek More Aid in War Effort
President Diem and his party travel from Saigon to meet San Francisco officials led by Mayor George Christopher before heading to Washington. Diem says Viet Nam relies on military buildup and cites far greater aid from Red China and the Soviet Union than from the United States. Interior minister Nguyen Huu Chau says U.S. assistance totals just over 200 million dollars annually and promises to push US officials to better understand regional needs.
MENTIONED IN THIS ARTICLE
Asnew
South Vietumbine III
Diem
Party of 10
San Francisco
George Christopher
Washington
Honolulu
Red China
Soviet Russia
United States
Nguyen Huu Chau
Chau
Saigon
Asai
Democrats rally to defend budget amid tight money drive
National Chairman Paul M. Butler reports about 150 000 raised to erase a 660 900 deficit as Democrats press against Eisenhower budget cuts. Governors Harriman Hodges Freeman Muskie and others assail high interest rates, warn of unemployment, and push for a constructive program to offset rising costs.
MENTIONED IN THIS ARTICLE
Paul M. Butler
Truman
Stevenson
Averell Harriman
New York
Luther Hodges
North Carolina
Williams
Orville Freeman
Minnesota
Congress
Foster Furcolo
Massachusetts
Edmund S. Muskie
Maine
Ernest W. McFarland
Arizona
Blind War Veteran Faces Trial in Brevard Court
Glenn Merrell a 37 year old blind World War II veteran faces trial in Brevard City Court on drunkenness and resisting arrest charges. He also seeks a $19 000 civil damages claim against officers Boyce Gillespie and Bob Fisher alleging beating and wrongful imprisonment and a separate assault with deadly weapon count. The civil suit was filed March 25 in Buncombe Superior Court Asheville.
MENTIONED IN THIS ARTICLE
Brevard
N.C
Glenn Merrell
Merrell
Boyce Gillespie
Bob Fisher
Transylvania County
Buncombe Superior Court
Asheville
Eye strain shifts from offices to open fields
Farmers and cowboys experience less eye trouble than office workers as they view distant objects more often, suggesting outdoor work reduces眼 strain and improves long distance vision.
Nicaragua and Honduras Agree to Halt Border Skirmishing
Managua and Tegucigalpa signed a cease fire brokered by the OAS after four days of clashes on the Mosquito Coast. The pact obliges both nations to refrain from troop moves that worsen the dispute and sets a four day deadline for an OAS plan to withdraw forces and create a buffer zone.
MENTIONED IN THIS ARTICLE
Nicaragua
Honduras
Managua
Louis Somoza
Organization of American States
Tegucigalpa
Ricardo Arias
Panama
OAS
Somoza
Mosquito Coast
Anastasio Somoza
Macoron
Mocoron
Priest recalls Japanese and Chinese torture for confessions
Father Fulgence Gross, a Franciscan missionary released after six years in Chinese prisons, says forced interrogations produce false confessions. He described beatings and threats, and he doubts visits by American reporters would yield insight into China’s regime.
MENTIONED IN THIS ARTICLE
San
Omaha
Neb
China
Father Gross
Tsingtao
Shanghai
Ion Ie
Hong Kong
Communist
Evacuation Becomes Picnic During Civil Defense Drill
Fifteen hundred people from Binghamton flee to Deposit New York for Evac 12 a mock H bomb attack. Volunteers from 12th Ward fill 374 private cars and a train carries 110 evacuees to the village on the state line. Local homes and the high school serve as shelters as leaders praise cooperation and test applicability to national survival plans.
MENTIONED IN THIS ARTICLE
Deposit
N. Y
Binghamton
U. S
New York Civil Defense Commission
12Th Ward
New York- Pennsylvania State Line
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