Weeks Trend In Stock Market Gains Amid Mixed Trading
Market activity showed a firm midweek with gains in major blue chip components led by General Electric Westinghouse and Eastman Kodak while rails faced selloffs after ICC merger- decision notes. Volume dipped from last week yet Wednesday's rally suggested underlying strength despite cautious Thursday turnover.
MENTIONED IN THIS ARTICLE
Dow-Jones
General Electric
Westinghouse
Eastman Kodak
ICC
Hoowever
Market outlook notes rising prices and mixed signals
An overview discusses rising prices on major exchanges with skepticism from investors. It cites record weekly volume of 53.6 million shares, notes gains in Day Industries and several electronics and aluminum stocks, and warns that General Motors weakness alongside other autos could threaten the rally while a spring advance remains possible.
MENTIONED IN THIS ARTICLE
Industri« Pals
Roay Selec Ition
Chryslee
Ford
General Instrument
Consolidated Electronics Industries
IRC, Inc
Harvey Aluminum
Revere Copper &i Brass
Henry
Siegel
Newspaper Probe Becomes Part of Trial in Whirt Murders
British authorities opened an inquiry into financial dealings between a newspaper and the chief prosecution witness David Smith. The 18 year old testified he would sell his personal story for at least 2800 dollars and a share of syndication proceeds if Brady and Hindley are convicted in the Whirt murders of Evans Downey and Kilbride. The Sunday News of the World acknowledged involvement.
MENTIONED IN THIS ARTICLE
Chester
Eng
UPI
Fentess Atkinson
David Smith
Smith
Sunday News of the World
Jane
Brady
Myra Hindley
Edward Evans
Lesley Ran Downey
John Kilbride
Drady
Hindley
Smithve
Miss Hindley
Dissident group seeks to postpone Crucible Steel annual meeting
Judge Harrington said he would decide Monday on a plea by shareholders to delay Crucible Steel Co's annual meeting set for Wednesday. The 200 million dollar suit against management accompanies the injunction bid and proxy fight involving Hunt Foods and Wheeling Steel ties. Max Wildman represents the minority seeking to halt the Wednesday session and possibly set a November date.
MENTIONED IN THIS ARTICLE
Chicago
G—Circuit
Cornelius Harrington
Crucible Steal Co
Harrington
Morris Rubb
Joel Hunter
Ars
Crucible
Morton Simon
Beant
Wheeling Steel Corp
Hunt Fands and Industries
Simon
Hunt Foods
Max Wildman
Ney
New York Fears Third Newspaper Strike Since 1962
New York expected a third strike since 1962 as merger talks neared for three papers. AFL CIO unions pressed for severance pay for printers amid job losses. walkouts planned for Sunday afternoon. Scripps-Howard and Sun publishers ended editions. Journal-American to publish final afternoon and Sunday papers. Herald Tribune to publish final Sunday edition and merge with Journal-American starting May.
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New York 14
New World Journal Tribune, Inc
AFT
CI International Typographical Union
Amber Union
AFL- Cio
Herald Tribe
Mey
Journal Ofameric
Skyscrapers to Bring New York Downfall Warned
West Coast economist George S. Clarke warned New York City’s skyline will strangle the metropolis within a decade. He predicted Los Angeles would rise as the nation’s top city, citing construction and traffic as factors in a static economic condition.
MENTIONED IN THIS ARTICLE
New York
Nowa York City
George S. Clarke
Fast Coast
Clarke
Willy
Los Angeles
Samuel W. Yorty
Farrell Developer of Africa Trade Dies at 75
Farrell, longtime leader in Africa trade development and former chairman of Farrell Inc, died Friday in the metropolitan Los Angeles area. He was 75. He chaired the executive committee of Farrell Inc and was linked to efforts boosting small business into retail trade across Africa and America.
MENTIONED IN THIS ARTICLE
Darien
Copa
UPI
John
Farrell
Farrell Incs, Inc
Ered
Los
Africa
America Ag
Thelihe
Jamies A
Los Angeles
Ofas
Renault and Peugeot Form Joint Auto Industry Pact
State owned Renault and Peugeot, a family owned firm, announced a 50-50 collaboration to cut production costs and coordinate investments, raw materials and machine tool purchases. They aim for closer European cooperation in research and development while preserving each company's financial and domestic operations. Renault produces 600000 vehicles yearly and Peugeot about 300000.
MENTIONED IN THIS ARTICLE
Paris
UPI
Renault
France
Peugeot
LBJ to Talk With Labor Management
President Johnson convenes the labor management advisory committee to tackle sustaining prosperity and a stable economy. The meeting is set for May 4-5 in Washington, with letters sent to members. Separately, NAHB president warns of a sharp drop in home building due to money costs and material scarcity, while Senator housing subcommittee flags rising prices and limited materials.
MENTIONED IN THIS ARTICLE
Washington
Jobson
Willard Wirtz
National Association of Home Builders
Larry Blackmon
Senate
Park Meter Theft Ring Leaders Nabbed in Cleveland
Two New York men with master keys to 81,000 city meters allegedly led a six month theft ring that drained about $200,000. Charles R. Zambito 30 of Valley Stream and Richard E. Diamond 29 of Flushing were arrested in a Cleveland hotel room and arraigned on charges of unlawful fehs to avoid prosecution in New York.
MENTIONED IN THIS ARTICLE
Cleveland
New York
New York City
Charles R. Zambito
Valley Stream
N.Y
Richard E. Diamond
Flushing
Queens
California sales tax climbs to 974 million in year
The Site Board of Equalization announced California collected 97.4 million dollars in sales taxes last year due to a late-year economic upswing. The report highlighted a strong fourth quarter as the main driver of the gain.
MENTIONED IN THIS ARTICLE
Sacramento
UPS
Site Board of Equalization
California
It will take a year to catch up with half dollar shortage
Washington officials say the Treasury Department will need time to eliminate a half dollar shortage despite record mint production. Assistant Secretary Robert A. Wallace notes demand remains high due to the Kennedy likeness on the coin and that Fed banks struggle to build coin inventories.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Robert A. Wallace
the Treasury
U.S. Mint
John F. Kennedy
Wallace
Federal Reserve Banks
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