President Takes Stand At Meeting Over Appropriations
Senate views defense spending shifts as Knowland notes Democrats reversed stance since last year on co funding. He expects final appropriations to be lower than administration request and favors restoring flood insurance funds with figures from 14 to 50 million dollars. Eisenhower proposed 50 million. Congress weigh cuts.
MENTIONED IN THIS ARTICLE
Justice Departments
U.S. Information Agency
Knowland
House
Eisenhower
Congress
Senate
Bridges
Graf
Generous Deliveryman Accepts Pastoral Duties in Dallas
In Dallas a deliveryman named Joe accepted a pastorate while delivering groceries. Cicero delivered groceries en route to a bank with a $250 deposit. Police discovered a bank bag hidden in a back yard hutch between two gray rabbits. The housewife was arrested on theft charges.
MENTIONED IN THIS ARTICLE
Dallas
Joe
Cicero
Patterson resigns Orange Presbytery post to lead Madison church
Greensboro executive secretary Dr. T Henry Patterson resigns after 25 years with Orange Presbytery to accept the pastorate of Madison Presbyterian Church. He previously served as pastor of Second Presbyterian in West Virginia and led six Virginia churches.
MENTIONED IN THIS ARTICLE
Greensboro
T. Henry Patterson
Orange
Bi z VPrven 7 3 German Course
A terse update notes a 7 to 3 outcome in a German course event with Sid Tricas tied to the result and $15 figures appearing in the formatted line.
Stocks Turn Irregular in Heavy Trading on Wall Street
New York stocks showed erratic activity in a brisk session with an early surge followed by a late ticker delay. Major issues advanced with United Cigar-Whelan and IBM up while Southern Railway Gulf Oil and several names fell.
MENTIONED IN THIS ARTICLE
New York
Wall Street
U.S. Rubber
Olin Mathieson
St. Joseph
Gulf Oil
Southern Railway
Johns Manville
United Aircraft
United Cigar-Whelan
Western Maryland Railway
U.S. Steel
Bethlehem, du Pont
American Telephone
Treasury’s cash squeeze prompts two to three billion in short term borrowing
The Treasury faces a cash squeeze as many hold cash over securities while maturing debt rises. Officials expect possible two billion borrowed soon and up to three more in July, with 75 billion in short term obligations maturing within a year. Strong demand for funds from business and government could keep money markets tight, pushing higher rates to replace maturing issues.
MENTIONED IN THIS ARTICLE
Sam Dawson
New York
Congress
U.S. Treasury
Treasury
Dow Jones Averages at Noon and Close
Market summary shows Dow Jones Averages as furnished by Bache & Co with premarket and closing figures for industrials utilities and stocks plus volume readings. The data list the noon 12 pm and 1 pm close values and total trading volume across all listed categories.
MENTIONED IN THIS ARTICLE
Bache & Co
Actress Faces Narcotics Count in Hollywood Case
Los Angeles reports Lan dry Moore Mazelle a former child prodigy who debuted at Carnegie Hall at seven must appear in Superior Court May 27 to answer a narcotics charge for allegedly giving codeine to her escort Leonard L Charles twenty five. She was arrested May 3 with four others in a Hollywood apartment raid.
MENTIONED IN THIS ARTICLE
Los Angeles
Hollywood ‘Bowl
Carnegie Hall
New York
Raleigh man named NC Automotive president at convention
L. T. White Jr. of Raleigh was elected president at the convention. Alex Strickland of Wilmington became vice president, N. B. Starling of Raleigh was named, and Jesse F. Jones Jr. of Raleigh was re-elected executive secretary.
MENTIONED IN THIS ARTICLE
Raleigh
L. T. White Jr
North Carolina Automotive
White
Alex Strickland
Wilmington
N. B. Starling
Jesse F. Jones Jr
Advisers To Union Favor Beck Ouster
A public hearing will probe Beck ties to Fruehauf and Associated Transport. Alphons Landa and Arthur Condon face questions over memos alleging deals that helped Fruehauf win control of his Detroit trailer firm. Beck's $200,000 loan, tied to a $1.5 million earlier loan, is a focus in this inquiry.
MENTIONED IN THIS ARTICLE
Dave Beck Jr
Beck
Robert F. Kennedy
Alphons Landa
Washington
Fruehauf Trailer Co
Arthur Condon
Porters
Royhauf
New England
Teamsters
Fruehauf
Bert Seymour
Associated Transport, Inc
New York
Condon
Trucking Industry
Fruehauf and Seymour
James Duff
R-Pa
Condon and Landa
Associated
Fruehaus
Associated Transport Co
Brown Equipment Co
Detroit
Union funds case involves loans to Fruehauf and Beck
Federal agents investigated a Teamsters loan to Fruehauf and a $200,000 loan to Beck as part of union fund payoffs. Both loans have been fully repaid, Fruehauf testified.
MENTIONED IN THIS ARTICLE
Western Conference of
Teamsters
Fruehauf
Beck
Nehru Party Loses Ground in Bombay City Council
In Bombay the Congress party won only 55 of 131 council seats, while the combined opposition seized 68 seats including 13 for the Communists and independents took 8. Nehru calls Bombay a political barometer as opposition gains grow in local races. The plan to alter Bombay state boosted discontent.
MENTIONED IN THIS ARTICLE
Bombay
India
Nehru
Congress Party
Government
South
Russian First Mate Dies From Wounds After Cuban Port Stop
The first mate Valery Hedensky of the Hoboznik died in a Kingston hospital from bullet wounds suffered after leaving Manzanilla Cuba for Leningrad. Captain Aleksander Birjukov cited accidental shooting. crewmen offered no details. Ireland’s export trade to the U S rose nearly 40 percent in 1956.
MENTIONED IN THIS ARTICLE
Kingston
Jamaica
Manzanilla
Cuba
Leningrad
Hoboznik
Valery Hedensky
Aleksander Birjukov
Ireland
U. S
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High Point
East Commerce Street
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North Cherry St
Park
North Elm St
Gr. Fi
Broadway
Asheville
Concord
Charlotte
Durham
Gastonia
Salisbury
Wfemy-Tv
Jimmy Dean
Captain Kangaroo
Eros Thorobred
Dayton Tires
Hughes Tire Service, Inc
North Main
WBTV
Wsls-Tv
Roanoke
North Main ST
Wsjs-Tv
Wunc-Tv
Chapel Hill
Channel
U. N
Missouri Pacific
U. S. Hoffman Machinery
Boeing
Air Force
Iron Works
Norfolk & Western
Ry. Philllips Petroleum
Pennsylvania Railway
Pepsi-Cola
Proctor & Gamble Oo Tobacco Sears Youngstown Sheet & Tube
F. W. Woolworth Co
Cera
Business Mirror
Dow-Jones
Pr. Cl
Sveedbedeucandebueeay
Dee
Mar
Ocdadoasaae Sae
Jly
Heads Wholesalers
Union
Seymour
Gabie
Tracy
Columbo
Technicolor
Belk
Catalina
FeatuRing
Nancy Worswick
California
THE
Sentimentalists
Greensboro Rosé
Janes Stewart
June Allyson
Coon
Glenn I Miller
Gene
Cecil
Thomasville Road
SUPER
Lone Care Caren Crowley
Disneyland
U.S.A
Thomasville
Pons
Randolph Scott
the Lions Club
Sedgefield
Victor Adding Machine Co’s
Lions Club
New
Albert’s and Shackelford’s
High Point Lions Club
Glenwood Lions Club
Greensboro Lions Club
Hepburn
Voyage
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