Stock market rises on steady gains across industries
Stocks advanced in a broad session led by rails and industrials as New York trading opened higher and momentum built late morning. Major names such as U S Steel Bethlehem Republic Steel General Motors Chrysler and Gulf Oil rose, while West Indies Sugar and several chemical and oil issues posted gains and a few large firms edged up modestly.
MENTIONED IN THIS ARTICLE
Sis Gilen
Gehiefhigh Rhage
Congress
U. S. Steel
Bethlehem Republic Steel
Lukens
General Motors
Chrysler
Ford
Royal Dutch
Amerada
Gulf Oil
Texas Co
Sunray
du Pont
Allied Chemical
Union Carbide
American Cyanamide
New York Central
Northern Pacific
Illinois Central
Southern Pacific
Southern Railway
Baltimore & Ohio
West Indies
Dow Jones Averages Reported By Bache
The Dow Jones averages provided by Bache show the 90 industrials at 503.56, 504.58, and 501.98. utilities at 146.35, 167.67, and 146.13. rail shares at 176.64, 176.17, and 178.11. Trading volume listed as 590,000, 1,060,000, and 2,890,000.
MENTIONED IN THIS ARTICLE
Bache & At
Neon T P.m. Close
Television Schedule Friday Lineup
Friday timetable lists 10:30 Sermons 11:00 Weather Sports News 11:20 Theatre 12:20 Sign Off with Jimmy Dean 7:00 Captain Roo 8:45 News Weather 12:15 Devotions 12:30 World Turns 1:00 Whats Cooking 1:30 Art Linkletter 2:00 Big Payoff 2:30 Bob Crosby
MENTIONED IN THIS ARTICLE
Jimmy Deanne
Captain Roo
Art Linkletter
Bob Crosby
NBC News
Groucho Mars
Highway Pater
News & Safety
Mr. Murgle
Museum of Art
Eisenhower Sees Big Tax Revenues From Budget
President Eisenhower defends a large spending plan while asserting tax revenues will rise if economic activity increases. Treasury tax receipts for March and April will hint at the trend as Wall Street debates inflation versus deflation and corporate profits. Corporate earnings for the first quarter rose about eight percent from 1956, but gains slowed, raising doubts about revenue growth.
MENTIONED IN THIS ARTICLE
Sam Dawson
New York
Eisenhower
Treasury
Bulls
Bears
Wall Street
Washington
Graham Crusade Opens To Large New York Crowd
Billy Graham opened a crusade in New York drawing a diverse crowd including seniors, teens, and couples. He urged surrender to Christ, warned of alcohol and pills, and described a powerful first night with hundreds seeking new belief and receiving counseling in a basement venue.
MENTIONED IN THIS ARTICLE
Graham
Christ
Chicago
Beck Faces Senators Once More
Senate Rackets Committee questions Beck on private deals tied to Teamsters real estate and profits. Key witness Shefferman testified Beck received 8000 dollars after a failed 15000 dollar profit plan. Other witnesses, including Gessert, await in Washington as probe details unfold.
MENTIONED IN THIS ARTICLE
Washington
Dave Beck
Senate
Teamsters Union
Or i X
Beck
Nathan Shefferman
Shefferman
Sherferman
Chicago
Dave Jr
Union Merchandising Co
Gessert
Ellensburg
Wash
Raymond Fields
Guymon
Okla
Franklinburg
American Legion
Union
Pietenpol Heads Davidson as Acting President and Bailey as Dean
Davidson College trustees named Clarence Pietenpol acting president and John C. Bailey Jr. dean of students for an interim period. Dr. Pietenpol has served as dean of faculty, Bailey as Bible and Greek professor, with John R. Cunningham resigning effective Sept. 1 to lead the Presbyterian Foundation.
MENTIONED IN THIS ARTICLE
Davidson, N.C
Davidson College
Clarence Pietenpol
John C. Bailey Jr
Pietenpol
Bailey
John R. Cunningham
Presbyterian Foundation
Charlotte
Samuel Spencer
Mary Baldwin College
Virginia
Leota
Minn
University of Pittsburgh
University of Colorado
New York University
Hope College
Holland, Mich
Wisconsin
Yale University
Long Island University
Washington and Jefferson University
Davidson
Summerton
S.C
Johns Hopkins University
Chicago
Davidson High School
College
Cunningham
D. S. LaFar
Gastonia
Japanese and U S military police quell Tokorozawa rift
Tokyo reports a tense night near Tokorozawa at an Army depot area as Japanese police and U S military police mobilized to prevent a clash between Negro and white soldiers. Tear gas reportedly fired at a beer hall. several soldiers were detained as crowds dispersed without injuries.
MENTIONED IN THIS ARTICLE
Tokyo
U. S
Tokorozawa
Army
U.S. Air Force
California Senate passes drunk driving penalty bill
Sacramento reports the California Senate approved a bill requiring jail time for motorists convicted more than once of drunk driving and sent it to the governor for signing.
MENTIONED IN THIS ARTICLE
Sacramento
Calif
California
Senate
Mock Casualties in Utah Civil Defense Drill
In Toole, Utah an air defense drill simulated a B25 bomber and three jet fighters dropping smoke bombs. The exercise included 100 mock casualties as a man cut his hand a boy fainted at fake wounds a young war widow fainted and a resident mistook smoke for a real fire on his property.
MENTIONED IN THIS ARTICLE
Tooele
Utah
Man Slaughter Case Pre-Sentencing for Seaman Murphy
In Baton Rouge officers opened a pre sentencing investigation after 18 year old merchant seaman James Lee Murphy of Wilson North Carolina pleaded guilty to man slaughter in the fatal stabbing of shipmate Phillip Fall 48 of Jacksonville Florida. Police say Murphy admitted stabbing Fall during an argument aboard ship. District Judge G Caldwell Herget ordered the pre sentencing investigation.
MENTIONED IN THIS ARTICLE
Baton Rouge
James Lee Murphy
Wilson
N.C
Murphy
Phillip Fall
Jacksonville
Fla
Fall
G. Caldwell Herget
Stuck in Storm Shelter Delays Tornado Warning
Chester W. Clark dived into a storm shelter under his porch as a tornado alert sounded in Ferrysburg Michigan. He became stuck halfway in and spent most of the alert period freeing himself. He is enlarging the entrance to prevent a recurrence.
MENTIONED IN THIS ARTICLE
Ferrysburg
Mich
Chester W. Clark
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Bethlehem
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General Dynamics
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