Rumors Of Anti Cancer Drug Sends Stock Soaring
Rumors of an anticancer steroid sent shares of Olin Mathieson and Squibb rising to 1957 highs on the New York Stock Exchange. Companies said the compound is in infancy and not a cure, with study ongoing at Jackson Memorial Hospital and the National Cancer Institute. Some researchers noted only palliation and limited success in halting breast cancer spread. An unrelated note: Abbeville Parish Home Demonstration Council sets Adult Achievement Day for Cow Island on June 26.