Stock Market Slumps Amid Election Anxiety
The Associated Press average of 60 stocks fell $2.90 this week, the steepest weekly loss since August 1953. Market action reflected broader fear ahead of next Tuesday's election, with mixed earnings and dividend news influencing individual issues. The five most active NYSE and N YSE stocks showed varied moves as traders weighed prospects.
MENTIONED IN THIS ARTICLE
Associated Press
Wall Street
Roy A
U. S. Steel
American Stock Exchange
Bailey Selburn Oil
Great Lakes Oil
Stinnes
Calvan Oil
Thompson-Starrett (New
New York Stock Exchange
American Airlines
Glenn Martin
Tide Water Associated
Panoo World Airways
Corporate Bond Market Drifts Lower In Week
In New York trading week ending Oct 30 Treasury and corporate bonds showed mixed to lower moves. Government securities fell while some corporate issues edged down, with converts and foreign bonds fluctuating and investors watching refinancing hopes. The CCC sold 1.15 billion in price support notes alongside a loan pool system for banks to participate without large cash commitments.
MENTIONED IN THIS ARTICLE
Arthur Merims
New York
Treasury
Ilroad
el Salvador
Federal Reserve Banks
W. Randolph Burgess
the Treasury
New York State Chamber of Commerce
Agricultural Outlook
Burgess
Commodity Credit Corp
CCC
Bulls Have Good Time On Chicago Board Of Trade
Bulls at the Chicago Board of Trade enjoyed gains across soybeans corn and other grains for the week. Soybeans rose 12% to 18 cents aided by short covering while light marketings supported demand. corn climbed 2% to 3% cents higher. wheat oats and rye also advanced though July wheat faced pressure from moisture in the Southwestern belt. Lard rose 60 cents per hundred pounds.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Campbell named head of new Schoonbeck branch in High Point
Jack H. Campbell becomes executive manager and director of sales for Schoonbeck across the East and South. The furniture maker opened a temporary Archdale plant as plans progress for a full High Point operation. Campbell, a former High Point resident and World War I veteran, brings extensive factory production and sales experience.
MENTIONED IN THIS ARTICLE
Michigan
High Int
Jack H. Campbell
Schoonbeck
Archdale
High Point
Waterfowl hunting opens in Cape Hatteras National Seashore
Federally owned lands in the Cape Hatteras National Seashore Recreational Area will open to waterfowl hunting this season. A 1,500 acre Bodie Island area south of Nags Head plus strips along Pamlico Sound on Hatteras Island are included. Hunters must follow state and federal laws. For details contact Allyn F. Hanks, Superintendent, Manteo, NC. Waterfowl season runs November 10 through January 8.
MENTIONED IN THIS ARTICLE
Cape Hatteras National Seashore
North Carolina
Nags Head
Bodie Island
Hatteras Island
Pamlico Sound
Seashore
Allyn F. Hanks
Cape Hatteras National Lashore
Manteo
New Tagging Law Manual Issued For Upholsterers
A revised State Tagging Law Manual for upholsterers was issued by the National Association of Furniture Manufacturers. It provides one page ready reference state regulations on sofas chairs and other upholstered items, listing inspection stamps licenses registration and tag requirements.
MENTIONED IN THIS ARTICLE
National Association of Furniture Manufacturers
Enya
Fragmented list of securities and company names
A dense OCR fragment lists multiple securities, banks, and companies with percent figures like 14, 16, and 18 percent. Notable entities include Atlanta Gas Light, Colonial Stores, Garfinckel J, Edison, Erwin Mills, Franklin Life, Duke cases, and Panies such as Union Bank and West Point. The text appears to be a financial securities page with varied listings and percentages.
MENTIONED IN THIS ARTICLE
Arden Farm
Atlanta Gas Light
Uto Finance Com
Mk of America Esseis BS
Ank
Manhattan
Esett Furniture
Esses
Bates Oa
Silas Bee
Carolina
Central CO Seseesee
Spadbourn
Ts Goble Dairy
Farrington Mfd
Totemost Dairies Com
Fram Corp
Franklin Lite Ins Co
Garfinckel J
Garlock Packing Co
Grant Portland Cement
Guilford Nate Bank
Gulf le MR
Cssccesss
BTW
Harris Fd & Ma
Home Finance Group
Home Insurance Co
Hood Sa Ee Ind Bk
Hotels
Hycon
Irving Trust Co
Inter Mountain Tel
Revettne Portland Cem
Kingsport Press
Lau Blower
Ccssecses
Tenoir Finance
Ceee
Sestee
Ins Co
Lincoln Nat
Life
Thium Corp of
Amer
Lone Star Steel
Lucky
Wu MacMillan Co
New Britain
North Carolina
Occidental Life Ins
Govean Fae
Peninsular Telephone
Permutit Co
Piedmont Aviston
Alion Seve Piedmont Nat
Piedmont Nat Gas
Potash Co of America
Puget So Pwr
Au Robertson
Cecee
Rose
Royal Dutch Petroleum Security Life & Tr
Natl Bank
Sonoco Product
Saes Coeaee Fund
State Tank & Fin
St Loan & Fin
Pftd
Superior Cable
Saylor Biscuit
Saylor Instrument Co
Fecumaeh Produ Cub Asses
Prd
Enn
Ala & Ga Rwil
Tenn Gas
Xtiles, Inc
Comeweene Thalhimer Bros
Epc
Eraeeeteasass
Union Nat Bank
Victoreen Inst Co
Ween
Tr Co
Western Camarerees
West Point Mig Co
Sceess
Tobacco Prices Hit New Five Year Low
The 1954 flue cured tobacco season closed with a general price average near the lowest since 1949. Middle Belt and Old Belt markets showed mixed results as volumes were light and some districts faced slow deliveries due to the North Carolina State Fair and hurricane damage. States reported season totals and averages with Virginia and North Carolina leading regional sales and government loans totaling 2644 million pounds.
MENTIONED IN THIS ARTICLE
South Carolina
North ‘Carolina
Resu8
Middle Belt
Suns
Virginia
North Carolina
Windsor
Clinton
News Service
Guniyie
Mullins, S.C
Du Mont Calls for Softer TV Regulations for Small Towns
Allen B. du Mont urges easing federal rules to allow low power TV stations in smaller communities. He notes FCC allocations cover many towns that cannot economically support stations under current standards, risking missing many potential viewers. The pioneer cites a 1 kilowatt minimum and a slow postfreeze expansion despite 2,053 allocations. A historical note recalls Vermonts first public hanging in Burlington in 1808 involving Cyrus Dean.
MENTIONED IN THIS ARTICLE
New York
Allen B. du Mont
Federal Communications Commission
Dr. du Mont
FCC
Allen B. du Mont Laboratories
Hickory Furniture Sector Shows Positive Outlook Ahead
Hickory reports suggest a banner year for furniture, with full-swing production planned and orders ahead. Upholstered sets sell well as fabrics attract buyers, while case goods move satisfactorily despite modest current demand. James K. Polk inaugurated in 1845 during rain, noted as "Umbrella Inauguration."
MENTIONED IN THIS ARTICLE
Hickory
James K. Polk
Also Mentioned on This Page
Stock Mart
Bulls
Chicago Board of Trade
Campbell
Lexington Telephone
Lexington Telephone Company
North Carolina Utilities Commission
William C. Harris
Lexington, North Carolina
THE
du Mont
Vermont
Burlington
Cyrus Dean
Snow Studio
Art Chair Co
High Point, N. C
Powers Wire Products CO
West Green ST
Lester's
Burlington Hotel
Dartington Hotel
Vermont Avenue
Thomas
Washington, D.C
S. D. Boxes
High Point Savings and Trustgm
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