Stock Market Open Rallies Then Pauses As Profit Taking Appears
The AP Market update shows the Dow Jones average at noon up 3.36 to 706.67 with rails up .94 and industrials up 1.70 as early gains broadening in active trading. The session swings toward profit taking after a sharp advance, with advances generally fractional to a point and notable strength in steels retails chemicals tobacco electrical equipment and aircraft sectors.
MENTIONED IN THIS ARTICLE
ED Morse
AP Business News
NEW York (Ap
Associated Press
Rails
Guilt of Corp
Ewer
Nickel Can
Tel & Telee
Kayser-Rothereeeeer
Kenet Serene
Neeeeer
Liggett & Myers
Lorillard P
McLean Trk
Monsanto Ee
Penney J Ceeeeeware
Pennsy RR
Pepsi-Cola
Sears Roebucketeere
Sperry Corp
Calif
U.S
Stevens J P
New York
Texaco Inc
Union Bag
Union Carbide Eeewene
Union Pac Rr
Adams Millis
United Fruit
Can Co Se
U.S. Rubber
T&sf E
Cannon Mills
Caro P&l
Celanese Corp
Chain Belt
Champion P&f
Ches & Ohio
Chrysler
Coca-Cola Columbia
G&e
Dan River Mills
Douglas Aire
Goodrich
Goodyear T&r
Greyhound
Wrecks Continue At Heavy Pace
Police investigated seven automobile accidents early today and yesterday causing about 2735 in damage to 12 cars. One bicycle rider, Ronnie Brant Jester, 12, and Joan Smith Lee suffered injuries and were treated at High Point Memorial Hospital. Teague was cited for failing to reduce speed. Other collisions on Green Street, Chestnut Street, Ward Street, and intersections at Main Parkway and N Hamilton High Streets caused varying vehicle damage. several drivers were charged with improper backing, following too closely, or failing to yield the right of way.
MENTIONED IN THIS ARTICLE
High Point Memorial Hospital
Joan Smith Lee
Lee
Barker Street
Montlieu Avenue
Willoubar
Vey Austin Teague
Montlieu
Teague
Ronnie Brant Jester
Brentwood Street
Green Street
Springfield Avenue
Lillie Boyles Millikan
Hazel Street
Chestnut Street
Ward Street
Edward Roark Reeves
Friendly Road
Cassie L. Maness
Cannon
N. Hamilton
E. High Street
N. Main and Parkway
Main and Parkway
James Alexander Dixon
Hunter Court
Eula B. Miller
Ragan Street
Miller
Dixon
E. High Streets
Jerry W. Stinson
Forrest Avenue
Buster Cox
S. Main Street
Colon McCall
Coolidge Street
Stinson
Cox
McCall
Market Averages Deteriorate Amid Trading
The Dow Jones averages show declines as the Industrials edge around 706 after 12 noon with utilities and rail sectors also weaker. Trading volume remains light with 988 thousand at the prior point and rising to 2.3 million in later sessions.
MENTIONED IN THIS ARTICLE
Bache & Co
Deliberations in Cutter Murder Trial Delayed Verdicts
Jurors spent under five hours deliberating on Cutter charged with first degree murder and lesser offenses. Plaintiffs seek substantial damages including 150000 actual and punitive for the children and 300000 for Mrs Nycum’s estate. Cutter testified he found Nycum dead on a bus bunk, panicked, moved the body to the Nycum home, and burned the clothing while asking Ricky to claim she was found dead in bed.
MENTIONED IN THIS ARTICLE
Cutter
Emory
Nycum
Culter
Charlotte
Ricky
P E ratios debated in investing guidance letters
A reader argues for buying at 10 to 12 times earnings while another stresses dividends and growth potential. The exchange notes that price earnings ratio matters but is only part of the story, with risks and opportunities in growth stocks and buffers like dividends.
MENTIONED IN THIS ARTICLE
Formua
Sixth Fleet Ready for Anything in the Mediterranean
Weldon James reports on the Sixth Fleet’s deterrence power and readiness in the Mediterranean. The force, with two to three aircraft carriers and 2,000 to 3,000 Marines, emphasizes atomic capacity and swift response across hot or cold, limited or general warfare.
MENTIONED IN THIS ARTICLE
Sixth Fleet
Mediterranean
Weldon James
Louisville Courier-Journal
Marine Corps
6Th Fleet
Russia
Kremlin
6Th
Soviet Union
Moscow
Middle East
Forrestal
Adm
George W. Anderson Jr
Naval Operations
Berlin
Father Signs To Transport Two Daughters For Private School
Wal ter F. Wessendorf Jr., a lawyer, signed as a common carrier for 1300 dollars to transport his daughters Marcia seven and Chanty five from Westmere to Albany Academy of Girls in two 1959 Cadillacs. The Guilderland Central School said the contract, retroactive for last month, goes to the State Education Department for approval.
MENTIONED IN THIS ARTICLE
Albany
N.Y
Guilderland Central School
Walter F. Wessendorf Jr
State Education Department
Wessendorf
Marcia
Chanty
Westmere
Albany Academy of Girls
Public Service Commission
Boy Saves 35 School Children in Bus Tragedy
West Springfield Massachusetts AP reports a school bus driver Isaac Martin collapsed at the wheel as a bus of 35 students aged 6 to 11 neared Elm Street and King’s Highway. A 10-year-old boy pulled the emergency brake to stop the bus, saving the children. the driver died before reaching Providence Hospital Holyoke. The boy’s name is being kept confidential per his parents’ request.
MENTIONED IN THIS ARTICLE
West Springfield
Mass
King’s Highway
Isaac Martin
Elm Street
Providence Hospital
Holyoke
Wihheld
Also Mentioned on This Page
National Association of Securities Dealers, Inc
Peter Cooper
American- Marietta
Colonial
Drexel Furniture
Fair Lanes
Gulf Life Ins
darris-T’ter Spr
Jefferson Stand
Life
Kavanagh-Smith
Life & Casualty Ins
N.C National Bank
N.S. Tel
S. Tel
Peninsular Life Sedmont Aviation
Piedmont Nat Gas
Public Service of N.C Pyramid Life Inseneve
Security Life & Trust
Soroban Engineering
Superior Cable Textile Corp Eee Ee Nne
Wachovia B’k & Trust
Wise Homes
Dow Jones
Averanes
Investors Guide
Mr. Shulsky
West Berlin
United States
Britain
France
Mylene Demongeot
Thomasville
Adam Caw
Eve Lene
Rooney
Mamie van Doren
Fay
Spain
Wert Rorner
Marty Malner
Tuestvy Wep
Pauanka
Linda Cristal
Pierre Brice John Drew Barrymore
Talnciate
UT Ca
L Ee
NEW Service Laundry
Centennial Ave
Rex Monsters
Igirieati
Frankie Avalon
Dodie Stevens
Jonathan. Winters
Puto
Walt Disney
Pussy Cat
Louisville, Ky
Tamar
N. Main Street
Archdale
Hot Sisters
VFW
Greensboro RD
Rialto Theatre
Mopter
Greensboro
Rome
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