Turbulent Week for Markets Pushes Stocks Higher
A four day trading week ended with a major stock advance as the Dow rose to 662.23 aided by tax loss reinvestment and new money from sidelines. Mercedes in rail mergers helped trade while bond and corporate activity showed mixed results with record department store sales and strong auto orders boosting sentiment.
MENTIONED IN THIS ARTICLE
New York
Dow Jones
Dow
Wall Street
Interstate Commerce Commission
Chesapeake & Ohio
Baltimore & Ohio
Associated Press
Kennedy
Robert S. Kerr
D-Okla
Congress
New York Stock Exchange
Dallas Agency Donates to Cuban Prisoner Fund
The Dallas Clearing House Assn. disclosed it contributed 10000 toward a 19 million fund led by Gen. Lucius Clay to free 1100 Cuban invasion prisoners. VP J D Francis said Clay appealed to members for support and the association board authorized the donation. Clay said he signed for a 19 million loan for ransom and industry leaders pledged full repayment. Kennedy raised an additional 1 million toward the ransom.
MENTIONED IN THIS ARTICLE
Dallas
Dallas Clearing House Assn
Lucius Clay
J. D. Francis
Association
Clay
Dallas Clearing House Assnn
Francis
New York
Continental Can Co
Robert
Robbie) Kennedy
Testimony Helps Guardsman Win Accident Claim
Guardsman Alf Stallard 18 testified in a case after flying 4,400 miles from Kenya to England. His testimony helped secure a $448 award for a woman struck by an Army motorcycle.
MENTIONED IN THIS ARTICLE
Darlington
England
UPI
Alf Stallard
Kenya
Oman
Solon warns tax cut without spending cut could cause chaos
Ohio Senator Frank Lausche says a tax cut without federal spending reduction may be politically appealing but would risk chaos and fiscal instability. He cautions against ignoring long term budget impacts.
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Washington
Frank Lausche
Ohio
Congress
Kennedy
Lausche
Fas Cal
Swiss Officials To Visit U S Captives In Cuba
Swiss officials plan to visit 17 American prisoners on the Isle of Pines off Cuba, with three embassy members expected to travel possibly later. The Swiss will bring food parcels to the Americans, who were convicted of crimes against state safety, as negotiations for release continue.
MENTIONED IN THIS ARTICLE
Havana
Isle of Pines
Cuban
U.S
Washington
Principe Castle
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Ehut
Florida
Pan American World Airways
Absenteeism in India Attracts New Penalties
New Delhi AP report notes government employees may face one year imprisonment and fines for absence without excuse. Amendments to defense regulations broaden penalties for disobeying orders abandoning employment and refusal to serve domestically or abroad. Also tightens government controls over the press.
MENTIONED IN THIS ARTICLE
New Delhi
India
Fridday
Lockheed Plans 500 Acre Houston Site Purchase
Lockheed Aircraft Corp announced it would buy a 500 acre manufacturing site and a 40 acre research center near NASA's Manned Spacecraft Center in Houston. President Daniel J. Haughton stated there are no immediate building plans, the plots are for long term planning and potential future use.
MENTIONED IN THIS ARTICLE
Houston
API
Lockheed Aircraft, Corp
Manned Spacecraft Center
National Aeronautics and Space Administration
Space Center
Daniel J. Haughton
Lockheed
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