Stock Market Slips From 1957 Highs On Widening Lows
Wall Street eased this afternoon with prices drifting downward after a rally to peak in 1957. Major steels and chemicals fell, while a few issues like Getty Oil rose modestly. Volume decreased as Dow components such as General Motors and New York Central slid, and airlines faded with Douglas and United Aircraft posting declines.
MENTIONED IN THIS ARTICLE
Rew
York
Wall Street
Lukens Steel
Eastman Kodak
du Pont
Getty Oil
Amerada
Gulf Oil
Anaconda
Kennecott
Phelps Dodge
Goodrich
General Electric
Douglas
United
Southern Natural Gas
American Dynamid
Philco
Chrysler
General Motors
American Telephone
New York Central
Southern Pacific
Atlantic Coast Line
Government Budget Gap Blurs In Tax and Spending Figures
House tax experts warn that the budget, authorizations, and actual Treasury outlays diverge. They estimate fiscal year changes could push receipts and appropriations well beyond the President’s figures, with higher prices and uncharted farm and highway costs adding to confusion. If spending rises to 73 billion and tax take is 74 plus billion, the surplus could fall short of the administration’s forecast.
MENTIONED IN THIS ARTICLE
Congress
U. S. Treasury
House of Representatives
Treasury
House
Four More Prisoners Break Legs in Georgia Quarry
Buford Rock Quarry Prison saw seven inmates attempt to break their legs with sledges. Four succeeded while three convicts failed. A prior incident last summer left forty one prisoners with leg injuries. All seven involved in the latest outbreak are Negroes.
MENTIONED IN THIS ARTICLE
Buford
Buford Rock Quarry
Jack Forrester
Corrections Department
Dow Jones Averages Reported By Bache & Co
The Dow Jones averages show the 30 industrials at 503.00 at 12 noon and 1 pm, with the rails around 146.22 146.15, utilities near 74.47, and 5 stocks near 175.62. Volume figures listed as 370,000 740,000 and 2,060,000.
MENTIONED IN THIS ARTICLE
Bache & Co
World Health Newsletter urges rapid malaria fight
Dr Jordan highlights a World Health Organization issue on malaria urging faster campaigns as Anopheles mosquitoes develop resistance to DDT. He notes 230 million protected, 370 million still at risk, with recent gains in the Americas but warns complacency risks renewed outbreaks worldwide.
MENTIONED IN THIS ARTICLE
World Health Organizations
North
South America
Central
England
France
Paris
Mother and son jailed in rifle slaying case
In Raleigh the State Supreme Court upheld the Union Superior Court verdicts sentencing Mary Redfern and her 13 year old son John Henry Redfern to prison for manslaughter in the July 29 killing of A. J. Redfern. The defense claimed self defense after the elder Redfern attacked the boy with a shovel and Mrs Redfern was knocked unconscious.
MENTIONED IN THIS ARTICLE
Raleigh
State Supreme Court
Mary Redfern
John Henry Redfern
Union Superior Court
A. J. Redfern
Redfern
Jet Bomber May Set Record on Polar Route
A twin jet Canberra bomber from the Royal Air Force flew from London to Japan and back to study polar flight conditions. The round trip targets 32 hours 50 minutes flying time, 38 hours 20 including stops, with a London Tokyo leg and a potential new London Tokyo record.
MENTIONED IN THIS ARTICLE
London
Japan
Royal Air Force
North Pole
Tokyo
Keflavik
Iceland
Fairbanks
Alaska
NAACP Records Bill Heads for Tuesday Hearing
North Carolina House Corporations Committee scheduled a Tuesday morning public hearing on two bills targeting NAACP records. One measure would force organizations to file annual membership lists and financial data with the secretary of state, with heavy fines for violators. The Hodges administration bill would require groups active on racial segregation issues to disclose officer and employee names and financial records.
MENTIONED IN THIS ARTICLE
Raleigh
House Corporations Committee
NAACP
North Carolina
Clyde Shreve
Guilford
Kelly M. Alexander
Charlotte
Alexander
Rep
B. I. Satterfield
Satterfield
Gov. Hodges
Secretary of State
Judge Rules in Non-Support Case in Anderson
Circuit Judge J. B. Pruitt heard a defendant argue his wife nagged him about chores. The judge ordered McAbee to pay 60 dollars monthly for wife and child support, noting the need for stable family support despite the quip about washing dishes.
Also Mentioned on This Page
High Point Sankipiten
Ee Motors
Goodyear Tire & Rubber
International Harvester International Tel
Standard Oil Co
Jones Laughlin Steel ‘Johns
Business Mirror
By Sam Dawson
New York
Washington
Sweetie Pie
MLA Service
The
Jim
Jly
Seeeseaeesounds
Eeveeeeeberet
DR. Jordan
Meinhard & Company, Inc
Fourth Ave
Southern Rep
von D. Oehmig
Columbus
High Point
Kivett Drive
Charles
Chastes
Migges’ & Women's Smart
Sasers
Salera
LASER
Paamily Puan
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