Market Climb Boosts Industrials Rails and Utilities
New York stocks advanced with industrials rails and utilities rising toward fresh highs amid a mixed start and a steady uptrend. Gains spanned major names such as American Tel & Tel, U S Steel, General Motors, Reynolds, and Chrysler with notable advances in auto and steel sectors.
MENTIONED IN THIS ARTICLE
New York
Siaaés Cady
Tos
Norfolk & Western Rwy
Phillips Petroleum
Pennsylvania Railway
Pepsi-Cola
American Telephone
U. S. Procter & Gamble
Reynolds Tobacco
Youngstown Sheet
Re- Republic Steel
Public
Chrysler Corp
New York Central RA de
Understanding mutual fund spreads and stock commissions
The $14.42 shows the buy price including the commission while $13.23 is the amount you’d receive on sale. For stocks, bid and ask vary with activity. brokers act as agents and charge commissions. Exchange commissions and spreads differ between funds and exchange-listed securities.
MENTIONED IN THIS ARTICLE
Stock Exchange
Widow weighs stock shift from E bonds to six stocks
A 68 year old widow with about 130000 in real estate and savings considers converting 3000 annually of matured E bonds into six stocks Dow Pfizer Royal Dutch U S Steel GM A C F Wrigley. Advice suggests convertible debentures as an option and warns about double annual allocations. The discussion also clarifies that US Steel stamps from 1955 have no value and are only bookkeeping par value changes.
MENTIONED IN THIS ARTICLE
Dow
Pfizer
Royal Dutch
U. S. Steel
General Motors
A. C. F.wrigley
Olin Mathieson
Royal McBee
General Telephone
Ckheed
Atlantic Refining
Rohr Aircraft
Vanadium Corp
Sylvania
Steel
Murder Indictment Sought Against Former Judge Redfearn
Chesterfield District Attorney urges murder indictment against W. E. Redfearn former probate judge. Police say he admitted a shooting that killed Rudolph Hursey at a funeral home. Redfearn faced tie vote in reelection bid and write in opposition in the general election.
MENTIONED IN THIS ARTICLE
Chesterfield
D.C
W. E. Redfearn
Redfearn
Rudolph Hursey
Hursey
Spacemen Face Double Trouble say radiation threats
SAN ANTONIO AP reports Dr Singer at the International Symposium on the Physics and Medicine of the Atmosphere and Space warned space travelers confront two bands of radiation around Earth hard and soft both hazards to germ cells and heredity. He suggested a club sandwich shielding concept using outer skins built in layers to block radiation.
MENTIONED IN THIS ARTICLE
San Antonio
Tex
S. Freda
University of Mary- 4
Singer
Air Force School of Aviation Medicine
Southwest Resarch Institute
Earth
Cotton Estimate Increased to 11.764 Million Bales
The Agriculture Department forecasts this year's government restricted cotton crop at 11,764,000 bales of 500 pounds gross weight, up 89,000 from last month. The 10 year average is 14,136,000, with 8,700,000 bales carried from past crops for supply. Average yield projected at 472 pounds per acre, higher than last year and the ten year average. Census Bureau notes 7,316,102 running bales ginned before Nov 1, up from last year. State figures show North Carolina 444 pounds per acre and 250,000 bales, South Carolina 412 and 305,000, Georgia 434 and 360,000, Tennessee 503 and 430,000.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Soil Bank
Census Bureau
North Carolina
South Carolina
Georgia
Tennessee
Showdown Fight To Curb House Rules Group Looms
A fight over curbing the House Rules Committee resumes as Democrats seek the 21 day rule to fast track or block bills. With Democrats in control 281-153, reform hinges on coalition support and a petition by 219 members to force floor votes.
MENTIONED IN THIS ARTICLE
AM F. Arbogast
House
Congress
Rules Committee
Gove
Howard W. Smith
Virginia
William E. Colmer
Mississippi
Smith
Colmer
Illinois
Alaska
Rules ‘Committee
Eisenhower outlines Colombo Plan aid aims and funding
President Eisenhower described Asian aid goals including loans on normal bankable terms for highway and development projects. He noted Congress created a development loan fund, about 700 million distributed in two years, with a proposed 225 million supplemental for January. He said Colombo nations have received over half and seek more loans, with a goal to grow the fund to a billion dollars annually.
MENTIONED IN THIS ARTICLE
Congress
Eisenhower
Colombo
United States
Distress Flight Sifted After Crash Lists Passengers
The report notes a long married man with three children among the passengers. The manifest lists seven Germans, five Britons, three Belgians, two French, and seven Portuguese passengers. The pilot and copilot were British and the other four crew members Portuguese. Veres says the area is being searched with all intensity at night and in the morning.
MENTIONED IN THIS ARTICLE
Firum
Oneazine
Long
Veres
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Investors Guide
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Noven
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Montana
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