Markets Mixed After Gains as Traders Weaken
New York shares edged up slightly late in the day amid thinner volume after Thursday’s big rally. AT and T rose modestly after a 2 for 1 stock split while General Motors held firm then advanced a point. Dow and AP average posted small gains as steel, oil, aerospace, and rail issues showed narrow improvements. Chicago hogs and cattle markets moved higher with varied weights and grades. New Orleans market notes list prices on beans, corn, cucumbers, eggplant, mustard, peppers, and potatoes with modest levels across the board.
MENTIONED IN THIS ARTICLE
New York
American Telephone
At&t
General Motors
Associated Press
U.S
IBM
American Stock Exchange
Cotton futures steady as bids fade at New Orleans
AP reports inactive cotton futures in New Orleans with prices unchanged or down to 45 cents per bale. At 11 a.m. quotes show near 32.92 for July, 31.12 for December, 31.27 for March, and 30.52 for July with bids and declines noted.
Council Upholds Bid Decision on City Automobiles
Monroe City Council today upheld Police Chief James C. Kellys recommendation to buy nine new Chevelles from Ryan Chevrolet for 15330.11, after determining Rivers Ford bids failed to meet specifications for two car types. City Attorney Haynes Harkey confirmed Kellys original recommendation was covered by the bid review.
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Monroe
James C. Kelly
Rivers Ford
Ryan Chevrolet
Kelly
Ryan
Chevrolet
Haynes Harkey
iChief Kelly
Dow Jones at 11 a.m. gains across major averages
At 11 a.m. the Dow Jones industrials rose 1.21 points to 28.49, the Rails index advanced 0.47 to 212.30, the Utilities gauge slipped 0.03 to 143.34, and the Stocks index gained 0.41 to 295.07 as trading moved through 1,040,000 shares.
MENTIONED IN THIS ARTICLE
Dow Jones
A.m
Crescent Gardens Residents Defeat Renaming Plans
Crescent Gardens residents in Dartford thwarted a proposal to rename their street. Local council had advanced a plan to change the area name, prompting community objection and a formal stop eventually reversing the decision.
MENTIONED IN THIS ARTICLE
Dartford
England
UPI
Crescent Gardens
Kennedy protests name change on dead end street
Officials noted John Kennedy's name could be applied to a larger road project in the area but said the protest reflects local concern over the street renaming and its impact on the community.
MENTIONED IN THIS ARTICLE
Dead End
John Kennedy
Kennedy
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