Labor Day Week: Mixed Signals For Industry And Finance
The week ahead showed little decisive change in industry with autos and steel optimistic yet layoffs and late bill payments persisted. Steel output rose, auto production held above last year, and freight car loadings edged up. Moscow claimed an intercontinental missile test while U.S. defense faces budget constraints. Corporate issues lagged, savings bonds waned, and consumer financing weakened amid mixed stocks.
MENTIONED IN THIS ARTICLE
New York
Autos
Henry Ford
Ford Motor Co
Charles Hood
United States Steel Corp
Ste
Treasury
Federal Reserve Board
Weber
Credit Research Foundation
Trend of Security Prices for Past Week Analyzed
The week shows mixed signals with industrials trading near lows while some production sectors edge up. Observers note bottoming indicators amid inflation concerns and rail wage boosts, with the market awaiting a September rally toward the 480-500 area.
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Ted
Endacott, Kansas native, dies at 86 in Topeka hospital
Frank Charles Endacott, 86, Lawrence Ran, died Friday night in a Topeka hospital. A son, Paul S. Endacott, former All America basketball star at the University of Kansas, is president of Phillips Petroleum Co. of Bartlesville, Oklahoma.
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Topeka
Ken
Frank
Charles Endacott
Lawrence
Paul S. Endacott
University of Kansas
Phillips Petroleum Co
Bartlesville
Okla
Bearish mood grips markets amid unemployment surge
Despite widespread pessimism, analysts see a bullish turn as bearish sentiment peaks. Advisory services report record caution, suggesting buy orders may exceed sells once confidence stabilizes.
Eleven Injured in Bus Crash on 107 west of Calabasas
A Greyhound bus carrying 28 passengers crashed into the rear of a slow moving truck trailer on U S 101 near Woodland Hills. Driver George W. Gilson 40 of Santa Ana was seriously injured along with ten others. The bus, en route from Oxnard to Los Angeles, and the truck driven by William A. McGahee 96 of Houston, Texas, were southbound. Gilson described the impact as the truck suddenly cut in front. Investigators continue examinations while passengers were treated at the scene and hospital. Names include Mrs. Ralph Young, 72. Mrs. Emma Kay Buell, 58. Louis Dudash 20. Carl Dickie 20. Mrs. Henry Hill 74. Carl Rawson 22. Clydell Crawford 20. Mrs. Vernd Hundberg 27.
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Santa Barbara
Lo Las Anseids
Calzonsas
Wiliam
McGahee
Houston
Tex
Calabasas
CNS
Greyhound
Northridge
Hosaig
Lodiy
Woodland Hills
George W. Gilson
Santa Anna
Los Angeles
Oxnerd
Cat Gilson
California Highway Patrol
William A. McGahee
Gilsom
Santa. Ana
Josep Dllian
Ralph Young
Grandview
Iowa
Emma
Kay Buell
Burlltons
Louis Dudash
Riverside
Carl Dickie
Paint Mugu
Henry Hill
Venture
Carl Rawson
Port Huename
Clydell Crawford
Eyeneme
Vernd Hundberg
Moline
Myrtle Ross
Oxnard
Rosa
Crawford
Dickie
J Hospital
Betdnen
Fcyeonies
Amike Fund
Ascc
Gen “Bond
Uris
Sim
Somwith
Ny & Fa
Boston
Boonies Sects
Elite
Texas
Japan
Gas Indus
West
Boosh
Genecal
SAT
Thousands of Poles Dropped From Communist Party
War saw reports from provinces that thousands were removed from Poland's Communist Party to tighten ranks. Communist insiders estimate about 500,000 party members may be cut, reducing a 1.4 million membership. removals affect those who distrust communism, lost privileges, or ceased loyalty, with notices in Koszalin Poznan and other local papers.
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Warsaw
Thom
Poland
Communist Party
Rival Guns Ex-Husband as Phone Strike Talks Resume
In a chaotic scene linked to Bell Telephone contract talks, a man shot his estranged wife’s ex-husband during a home invasion in Huntington Park. Police reported the suspect, Milton Hollister, 25, burst into the residence of Abdandate seeking confrontation, shooting him in the buttocks as Abdandate’s wife Irene Abdandate hid in a bathroom. Officers later detained the intruder’s sister during the incident.
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Gazeta
Poznan
Poland
Souts Whittier
Irene
Dracia A. Abdandate
Huntington Park
Milton She
Hollister
Sherif
Holllister
Agdandate
L. White
Hallis Iter
Atdandate
Noted Dispute Ends With Gunfire At City Facility
During the scuffle a shotgun discharged, blasting a ceiling hole. Both men were treated at Pico Emergency Hospital. Abdondate was jailed at General Hospital prison ward on suspicion of assault with intent to commit murder.
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Pico Efrerpency Hospital
Abdondate
Det General Hospital
Fon
Lab Sifting Clues in Butcher Murder Case
Police investigate the Judith Mae Andersen case in Chicago as lab tests seek blood clues. Dissected body found in two steel drums near Montrose Harbor. Ralph Newton, father of the slain girl, says he burned trousers tied to gunshot reports, while handwriting patterns and local addresses are examined for links to suspects.
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Chicago
Montrose Harbor
Jurich Mae
Ludith Mae
Ralth Newton
Ralph Andersen
Judith Mac
Galley
Patricl
Deeley
Montrose Harper
Protest at Cathedral as Father Hurls Rocks at Wedding
In New York, Br. James A. Porcello, 31, protesting his daughter Clare’s marriage to Frank Peters, 30, threw rocks at St Patrick’s Cathedral windows after their wedding. Porcello pleaded guilty to disorderly conduct and was released pending sentencing. He claimed anger but said he did not intend real damage.
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New York
A Pleas
Amiwio
SL. Patrick's Cathedral
James A. Parcelo
Clare
Frank Peters
Princdton University
Bse
Porcello
Porcella
Thomas AL Dornellan
Porenllo
Msgr
Dunncellan
Donnelllan
Chancery Office
Archdincese
Santa Fe Strike Vote Set Amid Union Negotiations
Union leaders say a strike vote will be held soon among 36,000 Santa Fe railroad workers after talks with the Santa Railway broke down over union shop terms and pay. A. Olsen, vice president of the Order of Rail Telegraphers, stated the panel will ballot members in coming weeks despite the railroad’s refusal to grant a union shop and other union-financed demands.
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Santa Fe
Chicago
Aeceman
Santa Railway
A. ©. Olsen
Olsen
Order of Rail Telegraphers
Rairoad
Japan Seeks Hike in Export Trade Policy
Tokyo reports the government plans a rise in export trade measures to improve the balance of trade. Officials press for a tighter economic policy to steady prices and boost growth amid persistent inflation and global demand shifts.
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Tokyo
Ledas
jJapan
Soimovent Ak
Gatty Dies at 54 Noted Aerial Navigator and Pioneer
Gatty, Tasmanian born and Fiji resident, led a globe circumnavigation with Wiley Post in 1931 and contributed to celestial navigation, timekeeping, and air speed instrumentation. He served in the Army Air Corps in the South Pacific during World War II and later worked with Pan American World Airways.
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San Francisco
Barold Gatty
Wiley Post
Gatty
Fiji Islands
Fiji Airways
Pan American World Airways
Pan American
Fijis
Post
Army Air Corps
Lindbergh
Proushly
Gatly
Zaalandd
United States
Jane
Cally
Thurmond Filibuster Costs Taxpayers Over Six Thousand
Sen Strom Thurmond conducted a nearly 23 hour filibuster against a compromise raising the cost to taxpayers. The lengthy speech spanned 84 pages of the Congressional Record at about 17 dollars per page, totaling roughly 6468 dollars plus additional payroll for shorthand reporters and transcribers.
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Washington
Strom ‘Thurmond
South Carolina Democrat
Congressional Record
Also Mentioned on This Page
By William Ferris
National Assn
Eaton Manufacturing
Cleveland Axle
Sylvinia Electric
Huntington
W.va
Woolsheed Aircraft
Chemstvead Corp
Dow Chemical
B. F. Goodrich
DuPont
Moscow
Russia
Parket
Wheeling, Steel
Lalge
Easton Corp
ICC
Sreney
WH. de la Chapellie
Hwy
Paine, Webber, Jackson & Curiie
West Ten
Wee
Frank C. Endacott
Kansas
Fay
Gilgos
Investiators
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Galiiz
VicGalee
Calabases Hall
Red Party
Koszalin
Tade
Uwiude
Bell Renew
Western Sleetrie Co
Bell Telephone
Systen
Ofl
Communization Workers of America
Nogabawans
Cane Tin Acwa
Lodz
Mtn City Party
Per Song
Investment Trusts sFuraisned Oy Nationalesn. of Securities Owaiors, Inc
Roosevelt Field
Long Island
Charles A. Lindbergh
Paris
Globe
Hoover
Sur Rogers
Alacka
Jm School
Soulerama
Alvin
Cal
Moscoe Turner
Harold Bromley
Garty
Orsie Wessfully
Ell
Thomas LA Park
Long Branch
N. J
June Hand
Bradley Ec
Pennsylvania Railroad
South Amboy
Joseph Charmello
Edward T. Walters
Thurmond
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