Aircraft missile stocks spark late rally on irregular market
Near the close in New York, aircraft related shares surged while other sectors retraced. North American Aviation, Boeing, Lockheed and General Dynamics led gains as investors shrugged profit taking in other highfliers, with Dow and Nasdaq peers showing mixed moves amid a broad trading session.
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Associated Press
Dow Jones
General Foods
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Cotton Futures Turn Mixed As Weather Buoys Prices
Cotton futures closed with mixed moves as cash market demand steadied early but sold off late. May and July contracts showed narrow gains while nearby months slipped, with the Census Bureau reporting May domestic consumption near forecast. Weather across the Cotton Belt remained generally dry and warm, supporting better yields in some areas.
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New. York
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Iain Dent
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Dividends Declared and Recorded Increases
Dividend notices show Motorola Inc and Van Camp SeaFood among firms issuing declared dividends and rate adjustments. Entries list dates and amounts, with Accumulative and Regular payment notes, reflecting multiple companies and share valuations in a compressed record.
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Casine
Cal Wat&Tet
Motorola Inc
van Camp
Bond Market Drifts Lower On Light Volume Friday
U S bonds eased further Friday amid light turnover continuing Thursday’s softer trend. Corporate issues led declines with losses in industrials rails and foreign bonds, utilities edging higher. Big Board volume rose to 5.56 million dollars. names cited include Union Pacific Boston & Maine Erie New York Central Harlem River Philadelphia Electric Consumer Power New York Telephone and Columbus & Southern Ohio Electric.
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Malaya Seeks Red China Seat in United Nations
Malaya Prime Minister Tengku Abdul Rahman said in Kuala Lumpur that Malaya favors Red China joining the United Nations while withholding diplomatic relations with Peiping. He aims to foster a Malayan nationalist spirit among Malay Chinese.
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