Union Postpones Meeting Over Teamsters Corruption Probe
The AFL-CIO indefinitely postponed an Ethical Practices Committee meeting to consider charges of corruption against the Teamsters Union led by Dave Beck. John F. English, a new AFL-CIO vice president and Teamsters ally, plans to push Beck’s removal, with a majority of the Teamsters board reportedly backing the move.
MENTIONED IN THIS ARTICLE
Washington
Afl-Cio
Teamsters
Dave Beck
Beck
John F. English
English
Teamsters Executive Board
Senate Committee
Secrecs
Union
Teamsters Board
Market summaries show oil gains offset by late declines
Oil shares held initial gains on optimistic forecasts from industry officials including M. J. Rathbone of Standard Oil (New Jersey) who forecast 1957 as another good year. IBM rights trading began as IBM level fell while rights opened and sold. Oil majors mostly down, with Amerada and Lukens among small moves. Dow Jones AP average down at noon.
MENTIONED IN THIS ARTICLE
M. J. Rathbone
Standard Oil
New Jersey
Eastman Kodak
IBM
Oxlm
Royal Dutch Airline
Amerada
Gulf Oil
Getty, Texas Co
Royal Dutch
Youngstown
Lukens Steel
Associated Press
Dow Jones Averages From Bache & Co Report
The Dow Jones averages show industrials at 804.46, rails at 176.30, and utilities near 74.61 with trading volume around 2.37 million shares. Prev values listed as 804.87 for industrials and 176.11 for rails, with miscellaneous figures in the market summary.
MENTIONED IN THIS ARTICLE
Bache & Co
Non-Par Banking Debated at Raleigh Public Hearing
A Raleigh public hearing before the House banks committee debated abolishing non par banking charges. Supporters argued fees hinder state commerce while opponents warned against bigger government. The panel postponed action as senators attended and the bill faced previous defeats.
MENTIONED IN THIS ARTICLE
Raleigh
House Committee On Banks and Banking
Aed
Don S. Elias
Asheville
State Banking Commission
L. T. Gibson
Gibson
Senate Banking Committee
Carroll Holmes
Pasquotank
Union
Edwin Pate
Laurinburg
Eisenhower Talks Defense Spending and Policy Directions
President Eisenhower defended defense funding while stressing a persistent push for adequate funds to wage the peace and implement his program. He cautioned on atomic tests and noted uncertainty about delivering promised modern weapons to South Korea. He avoided commitments on halting tax depletions for oil producers, citing incentives to develop resources.
MENTIONED IN THIS ARTICLE
Senhower
South Korea
Eisenhower
United States
National Security Council
Nevada
Assembly Elects UNC Trustees
The North Carolina General Assembly elected 29 trustees for the consolidated University of North Carolina in a noon joint session. Of 19 up for reelection, 12 were retained. seven were unseated. New and renominated members include James L. Pittman and Clarence L. Pemberton among others, with numerous state leaders named.
MENTIONED IN THIS ARTICLE
Raleigh
Consolidated University of North Carolina
House
Senate
General Assembly
B. Everette
Palmyra
R. Ferguson
Taylorsville
Harry A Greene
Raeford
F. D. B. Harding
Yadkinville
C. Wayland Spruill
Windsor
D. L. Ward
New Bern
James L. Woodson Salisbury
Roy Rowe
Burgaw
Thomas J. Pearsall
Rocky Mount
George Nick Noble
Trenton
Kemp B Nixon
Lincolnton
Albert H. Lathrop
Asheville
H. P. Taylor
Wadesboro
W. Frank Taylor
Goldsboro
John P. Stedman
Lumberton
C. Lary Tate
Chadbourn
F. E. Wallace
Kinston
Mary Mclver Stanford
Chapel Hill
H. L. Riddle Jr
Morganton
James L. Pittman
Scotland Neck
Clarence L. Pemberton
Yancey
Lenox G. Cooper
Wilmington
Sen
Calvin Graves
Winston-Salem
Cameron S. Weeks
Tarboro
Marshall Y Cooper
Henderson
Wilburn Currie
Carthage
Banks in Ontario Predict Heavy Currency Wear in Mines
Banks in Ontario estimate mining district currency endures only eight months due to heavy wear and tear then must be replaced, signaling a rapid cycle of currency replacement in mining regions.
MENTIONED IN THIS ARTICLE
Ontario
Also Mentioned on This Page
Business and Brmanieal News
American Tel
Tel
the Texas Co
Union Carbide & Carbon
United Aircraft Corp- Westinghouse Electric Co
U. S. Steel
Youngstown Sheet & Tube
F. W. Woolworth Co
New York
Knoxville
Memphis
Cali
Pa Tedd
Dow-Jones
Assembly
UNC
Catalina
Harllee’s Youth Center
Ainioxoee
Bermuda
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