Stock Market Inches Back After Early Rally Fades
New York stocks eased from an initial advance as gains narrowed to fractions. Oil shares led early strength with Gulf up about one point, while Royal Dutch slipped. Industrials were mixed with mixed steel and railroad results and the session marked the Dow’s close to a fragile, uneven rhythm.
MENTIONED IN THIS ARTICLE
New York
Suez
Gulf
Phillips
Petroleum
Panhandle Oil
Standard Oil
New Jersey
Royal Dutch
Youngstown
Santa Fe
New York Central
Southern Railway
Union Carbide
American Cyanamid
Allied Chemical
Dow
Anaconda
Kennecott
Phelps Dodge
International Nickel
American Telephone
Eisenhower
Bulls and Bears Face Wall Street Quiz on Market Fate
The piece weighs bulls arguing for a renewed upturn driven by booms in industry and rising dividends against bears warning that growth is slowing, credits tighten, and stock yields are too low. Mixed views from in-betweeners note smarter investors and ongoing volatility with the AP index showing mid year movement.
MENTIONED IN THIS ARTICLE
Sam Dawson
New York
Wall Street
Associated Press
Hurricane Strikes Gulf Coast Florida Alabama Coast
A hurricane driven by warning craft from Lake Charles to Tampa battered Grand Isle and offshore rigs. Two men drowned near the Mississippi mouth, with 40 feared lost amid Gulf waters. thousands evacuated coastal areas and Red Cross shelters reported evacuees. Emergency crews, Coast Guard, and National Guard mobilized for flood relief and rig safety risks.
MENTIONED IN THIS ARTICLE
Lake Charles
Tampa
Fla
Gulf of Mexico
Graf
Carport
Mississippi River
Gulf
Grand Isle
Air Guard Staton
Coast Guard
National Guard
Aster
Red Cross
New Orleans
Louisiana
Dow Jones Averages Snapshot From Noon to 1 PM
The Dow Jones industrial average sits near 490. The utilities and rail sectors show activity while the overall volume trades around 730,000 to 980,000 shares. Clarity on the day’s closing levels is limited by fragmented data.
MENTIONED IN THIS ARTICLE
Bache & Co
California blaze threatens mountains as winds whip flames
Firefighters battle a large wildfire in the San Bernardino Mountains near Pinewoods and San Bernardino. Winds around 50 mph created a fire storm, forcing evacuations and road closures on State Highways 18 and 30. The fire began after a jet crash near Mt Harrison. the pilot parachuted to safety. Governor Knight was asked to declare a disaster area to unlock federal aid.
MENTIONED IN THIS ARTICLE
San Bernardino
Elmer Osterman
State Division of Forestry
Osterman
U.S. Forestry Service
New Mexico
Arizona
Mojave Desert
Sand Creek
Mt. Harrison
Rob Diaz’s fishing boat vanishes from Tampa river
Robert Diaz left his boat docked on the river in Tampa for lunch. On return he found it missing. Neighbors reported seeing three men in a truck loading the boat and driving away.
MENTIONED IN THIS ARTICLE
Tampa
Fla
Robert Diaz
Diaz
12 Die Violently In State
A weekend toll adds at least 12 deaths across North Carolina. Reports name Elbert Lewis of Milwaukee found murdered near Tabor City, Joe Garrett found in a burned Gastonia farmhouse, and multiple fatal vehicle incidents involving Virginians, North Carolinians and others. Authorities cite crashes, a fire explosion, and a train collision among the fatal events with several arrests and bonds noted.
MENTIONED IN THIS ARTICLE
North Carolina
Elbert Lewis
Milwaukee
Talbor City
Worth Williamson
Williamson
Lewis
Tabor City
Joe Garrett
Gastonia
Garrett
Virginia
U.S. 301
Battleboro
R. C. Morrison
Castle Hayne
Ernest Singleton
Gholsonville
John Stuart
Rt. 1
Lawrenceville
Highway 49
Burlington
Taylor James Pegram
Blanche Jordan Pegram
Asheboro
Coy A. Suits
Alamance
John van Long
Lumberton
Highway 74
Laurinburg
Bobby Johnson
Laurel Hill
Johnson
Ben F. Johnson
Atlantic Coast Line
Four Oaks
Larry Willard
Rt. 5
Mocksville
Deward Brewer Gregory
Advance
Willard
Gregory
Dora Blankenship Miller
Hickory
Lenoir
Hampton Knight
Madison
U.S. 311
Walnut Cove
Robert Lee Thorne
Sharpsburg
US. 64
Edgecombe County
Poor Magic Helps Find Missing Arkansas Boy Dale Winsett
In Little Rock Arkansas Dale Edward Winsett age 12 was missing from home and feared drowned in a stock pond. Magic was used to locate the body. A neighbor woman tossed Dale's shirts into the pond and said the spot would yield him. He was found safe at a friend's house.
MENTIONED IN THIS ARTICLE
Little Rock
Ark
Dale Edward Winsett
Dale
United States Offers Atom Program to New Agency
U S Ambassador James J Wadsworth proposed placing the atom sharing program under an international atoms for peace agency at a 81 nation conference in UN New York He urged universal safeguards and optional bilateral arrangements to extend supervision and peaceful use of nuclear materials The plan would allow inspectors and could withdraw aid from states misusing materials These points followed prior unanimous approval of the statute with reservations last April 18 in Washington talks
MENTIONED IN THIS ARTICLE
United Nations
N.Y
United States
U.S
James J. Wadsworth
Britain
Soviet Union
Canada
Wadsworth
Eisenhower
Bulganin
United Kingdom
Washington
Stevenson Drift In U S Foreign Affairs Faces Front
Campaign dispatch from New York to Washington notes Stevenson criticizing Eisenhower era farm policy while Hagerty says the president is well and plans a mid October medical checkup. Nixon also touts living standards in a broad 11 state tour amid presidential campaign reporting.
MENTIONED IN THIS ARTICLE
York
Connecticut
Rhode Island
Massachusetts
Washington
James C. Hagerty
Eisenhower
Hagerty
Stevenson
Newton
Iowa
Denver
Colo
Nixon
Colorado
Colorado Springs
Saelies
Phoenix
Ariz
Salt Lake City
Utah
Estes Kefauver
Ephrata
Wash
SUTHERINE Hemorrhoid Relief Promoted by Doctor’s Ad
An advertisement from a doctor touts SUTHERINE as the most effective hemorrhoid treatment. It claims thirty seven years of practice and lists relief from pain itching and bleeding with the product name UTHERINE and urges asking for SUTHERINE at drug stores.
MENTIONED IN THIS ARTICLE
U.S. Pat
Metropolitan Paid Up at 65 Hospital and Surgical Plan
New Metropolitan Plan offers lifelong coverage with no further premiums after retirement. It promotes reduced hospital costs and urges readers to call for complete details. Local agents listed with phone numbers are provided.
Also Mentioned on This Page
Bache & Company
American Can Co
Allied Chemical & Dye
American Tobacco Co
the Borden Co
Bethlehem Steel
Burlington Mills Corp
Chrysler Corp
Tate
New York Central RR
Carolina Light & Power
Douglas Aircraft
DuPont de Nemours Igs
Dow Chemical
Eastern Airlines
Consolidated Edison
Eastman Kodak
Greyhound Corp
General Dynamics
General Electric
Gulf Oil
General Motors
Goodyear Tire & Rubber
Te ‘International Harvester
International Tel. & Tel
Standard Oil Co
Jones Laughlin Steel
Johns Manville
Loew's Inc
Norfolk & Western Ry
Phillips Petroleum
Pennsylvania Railway
Pepsi-Cola
Procter & Gamble
Reynolds Tobacco
Republic Steel
Sears Roebuck
Business Mirror
Alabama
Florida
Dow-Jones
California
Flossy
Gulf of Meshce
Elec
Reddy
Lexington Avenue Baptist Church
L. R. McNeill
THE
U. S
Samuel B. Clapp
John L. Coleman
John Czarnecki
Thomasville
Thomas C
Gallimore
Brantley Hucks
Jimmie Jones
Pete” Schultheiss
George M. Small
Bob Thacker
M. Edgar Watson
Pac Ugg
Enterprise
High Point
N. C
Cocee
Sagle
Duke Power Company
Duke Power
Soins Aes
ST. Main ST
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