Stock market slips as rails lead declines in early trading
A midday report shows the stock market edging lower with rails and utilities mixed. Declines in Atlantic Coast Line and Chesapeake & Ohio share losses around a point, while copper price cuts fail to lift shares and the Dow Jones averages barely move.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
U.S. Treasury
Reserve Board
Atlantic Coast Line
Chesapeake & Ohio
Southern Railway
Douglas
United
Bache & Co
American Can Co
Dec
Allied Chemical & Dye
Mar American Co
May
Bethlehem Steel
Jly Burlington Mills
Oct
Chrysler
Cotton futures rise at New York opening
Cotton futures opened 20 cents higher to 75 cents a bale lower, signaling early market movement in New York trading.
MENTIONED IN THIS ARTICLE
New York
Dow Jones Averages Reported With Mixed Figures
Market figures show Dow Jones averages listed with varied figures including 945.43 and 145.11 amid unclear accompanying data. The fragmentary item suggests a financial update or ticker note with several numeric entries and symbols.
Will Cut In Discount Aid Boost Business Soon
The Federal Reserve lowered the discount rate and market observers debate how soon and how much it will aid business. Some say the move confirms a broader downturn and may have limited influence on industrial output for now while others expect banks to follow and ease lending.
MENTIONED IN THIS ARTICLE
Sam Dawson
New York
Federal Reserve
Tour Of East Described To Exchangites
Roy Culler Sr told Exchangites last night that the United States remains the nicest place to live despite taxes and inconveniences. He described his Middle and Far East trip noting Japan’s postwar rebuild, Korea War aid, and Japan’s current wages, while contrasting poverty in Malaya. He warned about Burma’s insecurity, urged education, and said the U S sets the global pace for government.
MENTIONED IN THIS ARTICLE
United States
Roy Culler Sr
Exchange Club
Culler
Middle
Far East
Japan
Hiroshima
Malaya
U. S
Burma
C. L. Russell
Lloyd Underwood
Baptists Debating Authority and State Separation
The North Carolina Baptist convention grapples with who should set major policies within Baptist life. Dr. Canipe questions whether the convention or its institutions should hold final authority and whether churches may accept federal grants. He also warns of liberal influence on campuses and demands clarity on separation of church and state.
MENTIONED IN THIS ARTICLE
Convention
Canipe
Jesus Christ
Prac Tice Convention
Wake Forest College
Wakehoe
Harold W. Tribble
North Carolina Baptist Ministers’ Conference
Tribble
Baptist Association
Greensboro Hosts Highway Meeting On Proposed Turnpike Route
Representatives from 26 counties gather at the King Cotton Hotel in Greensboro for a Three Cities Development Committee session. Ernest R. Gerlach of Cloverdale and Colpitts outlines a Charlotte Canton road route via Mount Airy to Salisbury linking with 25 70 601, with Western NC group backing a parallel Highway 21 path.
MENTIONED IN THIS ARTICLE
Greensboro
Three Cities Development Committee
King Cotton Hotel
Boards of County Commissioners
Chambers of Commerce
The
Ernest R. Gerlach
New York
Cloverdale and Colpitts
North Carolina Turnpike Authority
Charlotte-Canton
Ohio
Piedmont
Federal Bureau of Public
Charlotte
Canton
North Carolina
Mount Airy
Salis
Five Draw Sentences On Roads Five Draw Sentences On Roads
Virginia man Frank W. Alley received a four month term to serve on North Carolina roads after a drunken driving conviction. Judge Byron Haworth also issued sentences to Obie Richardson Vestal King Craven Sexton Teer and others in related cases with suspended terms and fines.
MENTIONED IN THIS ARTICLE
Virginia
North Carolina
Byron Haworth
Frank W. Alley
Austinville
Haworth
Obie Clarence Richardson
Kivett Drive
Wilbert E. Vestal
Route 1
Hillsboro
Carlie R. King
Anderson Street
William Raymond Kennedy
Route 4
Aftme
Oliver A. Craven
Ola Snow Webb
Clara Cox
Joseph W. Teer
Route 5
Ethel Howard
Martin Street
Anti-Trust Trial To Have Testimony
Roanoke Virginia reports the first government witness will testify in anti trust charges against seven mirror manufacturers. The case cites a 1954 Asheville meeting as forming an alleged price fixing plan with uniform discounts on over 2000 mirror sizes. Named defendants include W A Gordon Ed F Gardner J A Messer Sr and several company boards. The government contends the pricing was to counter a prior boom in furniture making.
MENTIONED IN THIS ARTICLE
Roanoke
Mirror
Asheville
N.C
Samuel Karp
Department of Justice
John Paul
W. A. Gordor
Pittsburgh
Pittsburgh Plate Glass Co
Ed. F. Gardner
North Wilkesboro
Carolina Mirror Corp
J. A. Messer Sr
Galax
Galax Mirror Co
Mount Airy Mirror Co
Ville
Weaver Mirror Co
Rocky Mount
Savings Stamp Sales Resume at Brentwood School
Savings stamp sales resume at Brentwood School tomorrow. A PTA committee will assist each Wednesday in selling stamps to encourage thrift and patriotism among pupils.
MENTIONED IN THIS ARTICLE
Brentwood
United States
Brentwood School
PTA
Suspect Sought in NC Patrolmen Killing Reported in Dunkirk
Police say a service station attendant saw a man matching Frank Wetzel, an escapee from a mental hospital, who is wanted for the killings of two North Carolina state troopers. The man, identified as Ayman, spent hours at the station having a car battery charged, driving a Tennessee-plate vehicle.
MENTIONED IN THIS ARTICLE
Dunkirk
N.Y
Frank Wetzel
North Carolina
John Szczerbacki
Ayman
Tennessee
Gein to Face Lie Detector on Farm Murder Evidence
Authorities plan lie detector tests for Ed Gein at his secluded Wisconsin farm about 120 miles from Milwaukee. Investigators report graves robbed, with at least 10 heads unearthed and some remains stored or discarded. Gein admits killings but claims uncertainty.
MENTIONED IN THIS ARTICLE
Milwaukee
Gein
Waushara
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High Point
Unterprice
Wfmy-Tvv
Amos
Andy
Douglas Edwardes
State Trooper
Garry Moore
Walter Cronkite
Lamb's Heating CO
S. Main St
WBTV
Nes
Melenseness
Wunc-Tv
Chapel Hill
Mental Gym
Darkroom
Channel 4
Wsoc-Tv
Wsls-Tv
Uncle Looney
Dayton Tires
North Main
RCA Victor
Dumont
Admiral
North Main Hone
Wsjs-Tvy
Winston-Salem
George Gobel
Meet McGraw
Bob Cummings
Mystery Arrow
Lly Rey
Toni
Arlene
Dow-Jones
Business Mirror
Baptists
Craven
Centennial Avenue
SS Oe
Patsy
Hunter Coal and Oll, CO
Bill Haley and His Comets
Mickey Spillane
Ieee
Ss American School —Dept
H.P
Po Ban GL
Bernngte
H.C
Midway NT Zaheatre
James Cagney
Dorothy Malone
Jane Greer
Wigh Point
Thomasville
Pont
Archdale
Bennis
Presley
Merk Weanens Ccum Ee Oil
Hal Wallis Dieweted
AL Ante
Fret Baker
Hal Ranter
Iller
Eileen
Walt Disney Cartoon
Paramount
Suaneme Jere Morrow
Crurt
Bedford Sales CO
Civitan
Twilight
Civitar
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