Stock Market Advances Amid Growth Gains Across Industries
Stock indexes rose as new car sales improved, unemployment claims fell, and tire replacement demand increased. General Motors and Ford advanced fractions while Republic Aviation led the aerospace group with a solid gain. Anaconda and International Nickel each rose about a point as the steel sector outlook brightened. The AP average of 60 stocks climbed to 169.90 at noon, with industrials up and rails higher.
MENTIONED IN THIS ARTICLE
Chrysler
General Motors
Ford
Republic Aviation
Ae Group
Anaconda
International Nickel
U.S. Steel
Associated Press
Bache & Co
Building gains noted in nationwide construction data
SAM DAWSON reports encouraging rises in home and other building contracts nationwide. Savings growth from banks and savings and loan associations, pension plans, and life insurance assets bolster construction funding alongside corporate retained earnings and public demand for civic projects.
MENTIONED IN THIS ARTICLE
Sam Dawson
New York
United States
F. W. Dodge Corp
Construction News Specialists
Mutual Savings
Institute of Life Insurance
Seccomea
Helpful Policeman Takes Keys
A Gastonia police officer prevents a car theft by taking the keys from an unlocked car at 3 a.m. The suspect, Richard Nelson Haugen, 29, is arrested after burglary tools and $525 are found in the back seat. Haugen faces multiple charges and is held for the June term. Police link him to other safebreaking robberies across six southeastern states. Ted Kleinhans, former major league pitcher, begins his 12th season as Syracuse University baseball coach.
MENTIONED IN THIS ARTICLE
Gastonia
N. C
R. M. Kiser
Richard Nelson Haugen
Haugen
First Methodist
First Baptist Church
Recorder’s Court
Superior Court
G. F. Peninger
Southeastern
Ft. Carson
Colo
Asheville
Century Methodist Church
Peninger
Louisiana
Tuscaloosa
Ala
Denver
Ted Kleinhans
Syracuse University
Security Quotations from J Sturgis May & Co
Quotations compiled at 11 a.m. today furnished by J Sturgis May and Company and Security Bank Martin of Lunaing.
MENTIONED IN THIS ARTICLE
J. Sturgis May & Company
Martin
Dow Jones Averages Report From Noon Trading
The Dow Jones averages show mixed readings at midday with the industrials near 402.32 and transport and utility lists hovering around 115.64 to 115.69 while volume sits at about 330,000 shares. Bache & Co publishes the figures with daily updates for investors.
MENTIONED IN THIS ARTICLE
Bache & Co
Nia
De Gaulle or Civil War
In a dramatic Chamber exchange Coty appeals to unite the republic behind De Gaulle. He praises the man who protected liberty, refused dictatorship, and sought a national union to reform the republic amid a crisis.
MENTIONED IN THIS ARTICLE
de Gaulle
Republic
Coty
Essary
Jobless Bill Awaits Ike's Pen
President Eisenhower is needed to authorize federal advances for a temporary unemployment benefit extension. The measure faces opposition from AFL-CIO spokesmen and several senators who call it a runaround or a cruel hoax that would add up to 13 extra weeks for insured workers. Participation by states would be optional, a Republican Southern Democrat coalition feature.
MENTIONED IN THIS ARTICLE
Washington
Eisenhower
Afl-Cio
Paul H. Douglas
D-Ii
Pat McNamara
Dmidh
Also Mentioned on This Page
Business Mirror
Dow-Jones
Cecil’s Office Equipment CO
S. Main ST
Bill
Ike
Taft
Som St
Times Square
Radio City
Alfred Lewis
Mesager
CHI Service Stores
Sire
Plymouth
Chevrolet
Hash
Studebaker
Olds
Mercury
Goodyear
Leonard
N. Wrenn
Model Supply CO
East Russell ST
Davis Patrol & Detective Agency
Night Watchman
Jack S. Davis
Archie W
Hedrick
High Point Township
Ca. Ft
Ft. Leonard Refrigerator
GE Wringer
Manning Bowman
Goodzyear Service Store
English ST
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