Industrial Output Rises While Unemployment Lags
The Federal Reserve Bank of New York reports rising productivity from modernized plants and fewer workers, while unemployment remains stubbornly high. It notes 25+ jobless totals steady, six months plus unemployment rising, and warns prerecession levels won’t return soon. Additional factors include longer work weeks and sustained efficiency gains, with a brief aside on past vice presidential nominations and Poe’s Philadelphia writings.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Bank of
First tunnel blast set for atomic test series in Nevada
An atomic weapon is scheduled to explode in a tunnel bored into a mountain at the Nevada test site late today. It will be the first blast in the current 10 shot series and marks a key milestone in the program.
Stock Market Mixed in Early Trading. Gains and Losses Narrow
New York stocks show a generally lower trend with active trading. Gains and losses span fractions to about a point as big issues move. mixed results among autos, papers, chemicals, and consumer goods. Several industrials rise on orders or peak prices while rail, steel, and utility shares wobble. Government bonds extend rally into a third session as listed securities react to market news.
MENTIONED IN THIS ARTICLE
New York
Studebaker-Packard
American Motors
Clinmathieson
American Metal
Liggett & Myers
Federal Trade Commission
Lorillard
American Tobacco
International Paper
U.S. Gypsum
Goodyear
Baltimore &Ohio
U.S. Steel
General Motors
American Telephone
Royal Dutch
Johns Manville
Investment guidance for a young investor with corn income
A reader questions stock buying steps for a 13 year old with $100 and annual crop income. Experts advise using reputable brokers, learning basics, and avoiding direct transfers or mining speculations. Mutual funds can be kept if well managed. stock ownership carries risk and liability is limited to the investment.
MENTIONED IN THIS ARTICLE
RCA
Aviation North American
Lockheed
Boeing
United
Douglas
General Dynamics
Stock Exchange
Weather summary from Associated Press station HL PR
The forecast lists temperatures and conditions for multiple locations. Asheville is clear with 75, 54 in Augusta, cloudy 73 64 in Charleston, Charlotte clear 72 51 in bin cloudy 76 52 Grandfather Mt clear 63 40 Greenville cloudy 70s High Point cloudy Myrtle Beach clear Raleigh cloudy Savannah cloudy Wilmington cloudy.
MENTIONED IN THIS ARTICLE
Associated Press
HL PR
Asheville
Augusta
Charleston
Charlotte
Bin
Grandfather Mt
Greenville
S.C
Weather forecast shows regional showers across coast and plains
The forecast calls for fair conditions over most areas tonight with showers on the south Atlantic coast the northern Plains and northern Rockies and scattered showers in southeastern Missouri. Warmer air in New England and cooler conditions in the middle Mississippi valley northern Plains and northern Plateau.
MENTIONED IN THIS ARTICLE
South Atlantic
Plains
Rockies
Missouri
New England
Mississippi Valley
Plateau
Husband Kills Wife And Self In Factory Tragedy
In Phoenix a man named Hershel H. Crosser entered a garment factory seeking his estranged wife Irene Crosser and killed her before turning the gun on himself after a standoff with police. Witnesses recount eight minutes of danger as workers sheltered and police arrived. The motive cited by detectives involves forcing her to sign property papers.
MENTIONED IN THIS ARTICLE
Phoenix
Ariz
Hershell H. Crosser
Irene Crosser
Crosser
Gordon Selby
Bill Dowdy
Howard Ritchart
Emmit Rogers
Governor Hitches Ride Sparks NC Rally Mixup
AHOSKIE NC AP The welcoming committee found no ride at the airport and the planned Democratic rally seemed to fade until Gov Luther Hodges and Sen B Everett Jordan arrived in a farmer’s rattling pickup. Hodges said they finally hitched a ride after their plane landed at the wrong airport.
MENTIONED IN THIS ARTICLE
Ahoskie
N.C
Luther Hodges
B. Everett Jordan
D-Nc
Hodges
Election conviction thrown out by North Carolina Supreme Court
The North Carolina Supreme Court vacated the conviction of James R. Walker Jr. of Weldon in a Northampton County voter registration dispute case. The court ruled the indictment defective and dismissed the sentence, with the option to try Walker again on a new indictment.
MENTIONED IN THIS ARTICLE
Raleigh AP
State Supreme Court
Northampton County
James R. Walker Jr
Weldon
Walker
Helen H. Taylor
Seaboard
Taylor
Supreme Court
Forecast for the Carolinas and Georgia Weather Update
North Carolina coastal gale warning from Cape Hatteras to Wilmington with hurricane Janice advisories. Winds and high tides, showers on the coast. elsewhere partly cloudy and warmer today through Thursday. Daily highs 70s to low 80s, nights 40s to 60s. mountains cooler. Georgia and South Carolina mostly fair with mild, warmer trend. Extended outlook shows above normal temps, showers coastally, little change inland.
MENTIONED IN THIS ARTICLE
North Carolina
Cape Hatteras
Wilmington
Janice
Piedmont
Inoculation Steps Up In Polio Campaign In Detroit
Detroit health commissioner Dr. Joseph G. Molner announced a intensified polio inoculation drive. Emergency centers run by the health department will join additional centers for groups of 500 or more at $1 a shot with group-supplied space and medical staff. Seven new cases pushed year to 549 with 16 deaths, versus 172 cases and 2 deaths last year.
MENTIONED IN THIS ARTICLE
Detroit
Joseph G. Molner
Detroit-Wayne County
Molner
Good news for asthma relief list revealed
A readable fragment notes a discovery that may ease bronchial distress quickly. It mentions a nonprescription option called Green and hints at inhalation or repaint forms, with guidance to ask a doctor for it.
Also Mentioned on This Page
Business Mirror
AP Business News
U. S
John Adams
Thomas Jefferson
Edgar Allen Poe
Philadelphia
Dow-Jones
Bache & Co
Eeviviels
High Point Enterprise
Climax
Raytheon
Sperry Raad
Radio Corp
Philco
American Can Co
Allied Chemical & Dye
American Tobacco Co
the Borden Co
Bethlehem Steel
Burlington Mills
Chrysler Corp
New York Central AA
Cone Mills Corp
Douglas Aircraft
DuPont de Nemours
Dow Chemical
Eastern Airlines
Consolidated Edison
Eastman Kodak
Greyhound Corp
General Electric
Gulf Oil
Goodyear Tire & Rubber
International Harvester
International Tel
Standard Oil Co
Jones Laughlin Steel
Loew's Inc
Norfolk & Western Rwy
Phillips Petroleum
Pennsylvania Railway
Pepsi-Cola
Procter & Gamble
Reynolds Tobacco
Republic Steel
Sears Roebuck
Southern Rwy
J. P. Stevens Co
American Tel. & Tel
the Texas Co. 7
Union Carbide & Carbon
United Aircraft Corp
Westinghouse Electric Co
U. &. Steel Sis
Youngstown Sheet & Tube
F. W. Woolworth Co
Prt
Investors Guide
Western Maryland
Columbus
Ohio
Sue
Dept. of
Weatwer Bureau
Monogram
Bailey Furniture CO
S. Main
South Carolina
Georgia
Zett
N. Main ST
Firestone Super
Chianmeion
Firestone
Nan Ee
Eveready
Firestone Stores
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