Stock issues rise as market funds favor new offerings
The article notes higher pressure to issue stock as public demand grows and pension and mutual funds flood markets. Economists from Morgan Guaranty say this is a favorable era for equity funding, with price earning ratios high and dividend yields lagging bond yields. They caution against heavy debt reliance and predict a slower revival of 1920s-style issue floods. Morgan County, in West Virginia, honors General Daniel Morgan.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
New York
Treasury
Morgan Guaranty Trust Co
Morgan Guaranty
First Radiation Victim Survives After 64 Painful Years
CHICAGO AP The first radiology victim, Dr Emil Grubbe, 89, endures 64 years of pain and 91 operations from early radiation experiments. He recalls his burns, loss of fingers and facial tissue, and reflects on his pioneering work begun in 1895 and training thousands of doctors in radiology.
MENTIONED IN THIS ARTICLE
Chicago
Emil H. Grubbe
Grubbe
Swedish Covenant Hospital
Sergeant's Idea Saves Jet Tanker At Griffiss AFB
Sergeant George M McCabe devised a quick ground test to retract a failed fuel boom on a KC135 over Griffiss Air Force Base. The tanker landed safely after five hours aloft and the procedure may become routine Air Force practice. Captain Wendell D Olson piloted the landing with crew chiefs Sgt Julius H Gericke and Sgt Bobby Flynn. The base reported the test was highly technical and not yet cleared for publication.
MENTIONED IN THIS ARTICLE
Rome
N. Y
Griffiss Air Force Base
Bryson R. Bailey
George M. McCabe
41St Air Refueling Squadron
Erie
McCabe
Julius H. Gericke
Bobby Flynn
Wendell D. Olson
Air Force
Soviet Exhibition Reveals Hidden Scientific Surprises
AP writer John Barbour visits the New York Coliseum Soviet science display noting a rare spontaneous fission counter and other original devices. Borst, a university physicist, evaluates Soviet research, comparing reactor models and energy devices with US work while predicting future leadership in science quality.
MENTIONED IN THIS ARTICLE
John Barbour
Associated Press
NEW York (Ap
New York Coliseum
Borst
U. S
United States
Mechta
Soviet Union
Teen-Ager Elected President of Reading Old Folks Club
In Reading Pennsylvania a 14 year old boy was elected vice president of Townsend Club No 1, with 73 year old Paul Beechert stepping down after 11 years. 12 members, mostly over 60, chose Robert Pastor to lead, while Marvin Kline 14 was named vice president and Alice Spangler was secretary. The club, born from Townsend movement calls for $140 monthly pensions for those over 60, and Pastor dodged reporters while smoking a cigarette in violation of the group rule.
MENTIONED IN THIS ARTICLE
Reading
Townsend Club
Robert J. Pastor
Central Catholic High School
Pastor
Paul W. Beechert
Marvin C. Kline
Alice Spangler
Francis Townsend
Recovery plan grows for Discoverer V capsule
Discoverer Recoverer POINT MUGU Calif AP two more outfielders have been added to a satellite team that will try to recover the instrumented capsule from Discoverer V. The ships Dalton Victory and its Victory, in Hawaiian waters, will join planes and ships ready to snag the capsule as it descends by parachute from Discoverer V, launched soon from Vandenberg Air Force Base. If catching fails, the Victory ships will fish the capsule from the ocean.
MENTIONED IN THIS ARTICLE
Point Mugu
Calif
Dalton Victory
Victory
Hawaiian
Vandenberg Air Force Base
Air Force
Fire damages High Point station while crew away
A fire at High Point fire department station broke out during a truck motor tune. A county volunteer firefighter, driving by, saw smoke and quickly extinguished the blaze. No injuries reported, investigation ongoing into the cause.
MENTIONED IN THIS ARTICLE
High Point, N. C
High Point
Great-Grandmother Walking To Oregon
Emma Gatewood, 71, a widow and great-grandmother, halted in Boise on a 2000 mile hike from Independence Missouri to Portland Oregon. She travels about 25 miles daily with a 14 pound pack, spare clothing, food, water, a blanket, and an umbrella, turning down rides and staying in motels. She began the trek May 4 and says she enjoys the journey despite skeptics.
MENTIONED IN THIS ARTICLE
Boise
Idaho
Emma Gatewood
Independence
Portland
Ore
Gatewood
Gallipolis
Ohio
Has 18 Lives Too: Cat Delivers Two-Nosed Kitten
Fort Worth AP report: Don Henry's cat Scat gave birth to a kitten with two noses an inch apart two mouths and four eyes side by side. Both heads are meowing, Henry said.
MENTIONED IN THIS ARTICLE
Fort Worth
Tex
Don Henry
Henry
Soviet aims in East Germany clear by 1961 showpiece state
In Geneva the AP reports the Soviet goal is to make East Germany a showcase Communist state and Moscow’s strongest continental ally by 1961. Moscow seeks to freeze Berlin for 18 months while East and West Germans negotiate reunification, while boosting East German power to counter West Germany’s nuclear and economic strength. The plan hinges on averting East German upheaval and squeezing Allies from West Berlin.
MENTIONED IN THIS ARTICLE
Geneva
Switzerland
Soviet Union
Europe
East Germany
Moscow
Germany
Andrei Gromyko
Berlin
West Berlin
End Of The Line For Marcellus Railway After 59 Years
The three mile Marcellus and Otisco Lake Railroad, one of the nation’s smallest, is going out of business after its local barley mill shut down. The line operated 59 years serving the mill in Marcellus New York.
MENTIONED IN THIS ARTICLE
Marcellus
N. Y
Otisco Lake
Funeral notices from Richmond and Josephine regions
Two obituaries list Don William Smith aged 45 of Crow and Edward F Smith aged 49 of Josephine. Don William will be taken from Rose and Quesenberry Funeral Home to his Crow residence then buried at Redden cemetery after Sunday service at Crow Christian Church. Edward F Smith died at Besaco while working in mines and will be laid to rest at Odd Cemetery after services at Josephine Baptist Church. Arrangements by Webb and Neal Funeral Home.
MENTIONED IN THIS ARTICLE
Richmond Richmond
Don William
Crow
Rose and Quesenberry
South Kanawha Street
Crow Christian Church
Virgil McNeil
Redden
Smith Smith
Edward F
Josephine
Besaco
Josephine Baptist Church
Lonnie Blankenship
Tom Eldreth
Webb and Neal
Vance Drive
Harold Meadows
Ed Sexton
Orvile Cole
Coy Walton
John Williams
John Garretson
Webb & Neal Funeral Home
Also Mentioned on This Page
R. Conrad Cooper
U.S. Steel
Joseph F. Finnegan
Pittsburgh
Jones & Laughlin
Cleveland
Republic Steel
Business Mirror
Morgan
West Virginia
Eastern Panhandle
General Daniel Morgan
Madrid
Sergeant
Academy of Sciences
Raleigh Register
Beckley
W. Va
Crystal Clearer Repair Service
Waupaca
Wis
Little Hope
Crystal River
Williams Top Shop
S. Oakwood
Dias Floral CO
City Ave
Funeral Home Phone
South
Oakwood Ave
Amos EF
Quesenberry
Kanawha St
Ad Beckley
Whitestick Street
Dial
Robert L Amick
Dramex
Howard Shrewsbury
Sander & Edger
Fabulon
Beckley Ice & Feed CO
Prince St. Dial
Harold Williams
Todd's Grocery and Hardware
Beaver
Gray Lumber Co
Crab Orchard
Sam Foley
Lowell Foley
Montgomery Ward Beckley
W Va
Capeene Carpentry
Bank OF Raleigh
F. D. Photographers & Eee
Buckley Photo Service
Church Street
Earl R. Huddle
Earl
Wright
Rogers Plumbing & Heating
Temple Stee
John W. Eye Radio
Neville St
Ashworth & Sharks, Inc
Prince” St. Beckley
John W. Eye
West Neville St
Pickup & Delivery
Ashworth Firestone
Prince St. Ph
Cam Thompson
Stover
Clarke
Beckley Ice & Feed
Lilly's Sanitation Service
Lewis Transfer Co
Omer Richmond
Rt. 1
Fayetteville
Jan Campbell Music Co
Dial CL
White Pine Gray Lumber CO
Fannie Strickland
Mt. Nebo
Jim Green
Raleigh Insurance Agency
Scarbro
Avon
Pineville-Mullens
Helen Halbert Box
Logan
Virginia Super Market
MacArthur
New York Area
Huntington
Broadway Huntington Station
Central Barber Shop
Oak Hill
G. M
B & G Motor Company
Gainesville
Florida
Temple Street
Electrolux Corporation
America
White Reeves Co
Attleboro, Mass
Hobart
Charles Coe
Bibb Snyder
R. E. Bare
R. L
J. H. Stinson
East Beckley
Roy A Jones
Brussels
Old Folks Club
Oregon
Rose
Quesenberry Funeral Home
Beckley Maytag
Maytag
Norge
Cinder
Beckley, W. VA
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