Early Week Stock Market Rise on Mixed Trading
The New York stock market advanced modestly at noon led by gains in International Business Machines and Zenith. Industrials rose as aircraft missile stocks climbed while steels and autos provided support. tax selling paused and the consumer price index rise aided a bullish mood.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Russia
Zenith
Texas Instrument
Ford
U.S. Steel
American Telephone
Consolidated Edison
Standard Oil
New Jersey
Clothing wage boosts for transport and aircraft workers noted
About 50 000 transportation and aircraft workers gain one cent an hour with increases at Greyhound Lines and Public Service Coordinated Transport Co New Jersey. Douglas Aircraft 35 000 workers get two cents. Los Angeles meat departments add 5 cents for 11 000 workers. Labor Dept notes September costs and wage effects with a 1.9 percent rise in women’s apparel prices and rent costs uptick. Dow and bonds move higher.
MENTIONED IN THIS ARTICLE
Greyhound Lines
Public Service Coordinated Transport Co
New Jersey
Hayes and
Northrup
Douglas Aircraft Co
Los Angeles
Labor Department
Myers
San Francisco
Carter Defends Post Office Chief Over Racial Bias Claims
Carter urged an official inquiry into a postmaster accused of bigotry, contending if the charges prove unfitness, they should be sustained. He noted the grievance committee exonerated most charges against NAACP leader Law, recommending only a minor reprimand. The Post Office said Day’s remarks stood. Law offered no comment.
MENTIONED IN THIS ARTICLE
Law
Carter
Post Office Department
Men Learn from Experience About Bluffing and Fortitude
A concise reflection notes that men gain insight from experience by keeping a firm upper lip and bluffing if needed, emphasizing restraint and composure as a learned behavior.
Cotton futures open mixed as prices edge higher
The New York market opened with cotton futures up ten cents a bale from yesterday while trading at five cents below the prior close, reflecting cautious early activity in the commodity.
MENTIONED IN THIS ARTICLE
New York
Dollar’s Standing In Danger
Secretary of the Treasury Douglas Dillon warned the dollar’s international standing faces a real threat from inflation driven by wage and price pressures. He said unnecessary price hikes could harm U S trade by pricing goods out of foreign markets and that inflation could invite speculative pressure on the dollar, harming both abroad and the domestic economy.
MENTIONED IN THIS ARTICLE
Washington (Ap
Secretary of the Treasury
Douglas Dillon
Dillon
Forces Mobilize as Western Allies Edge Toward Border
U S and British forces moved tanks and armored vehicles to the border in a show of force. U S Patton tanks and armored carriers reached stations at Friedrichstrasse crossing, the only point open to allied personnel. The British added a second infantry company and Centurion tanks into Tiergarten near the Brandenburg Gate. France sent eight men to establish an observation post at Gesundbrunnen station. East German police brought a water cannon and armored car within about 300 yards of the border, a frequent Reds weapon.
MENTIONED IN THIS ARTICLE
United States
Britain
Fried‘richstrasse
Tiergarten
Brandenburg Gate
Gesundbrunnen
East Berlin
Harvey Blasts Indolence and Soviet Threat at High Point
Enterprise staff writer reports Paul Harvey delivering a fiery standup sermon at High Point High School gym to about 1500 listeners. He lambasted American fear and inflation while warning of a 20 year cold war with the Soviet Union and contrasting Moscow with Beijing. He urged citizens to pressure Congress as he prepared to fly to Greensboro.
MENTIONED IN THIS ARTICLE
John Savas
Enterprise
Paul Harvey
High Point High School
Harvey
Kremlin
Billy Graham
Khrushchev
Russia
United States
Soviet Communist Party
Lenin
Kennedy
Greensboro High Point
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