Market surges as Wall Street thrives after Good Friday
Financial markets in New York posted strong gains in a shortened week. The Dow Jones moved toward 906, erasing this year's losses, while the NYSE composite rebounded 90 percent of recent declines. Analysts note a surge in buying power as peace efforts progress.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Martin Luther King Jr
Advisers Warn Against Overreading Peace Bullishness
Shortened advisers at Argus Research Corp urge investors not to rely on the peace slogan. They cite lingering inflation, budget deficits, and international payments imbalance, with new risks like urban disorder and tighter credit rising in urgency. Ralph Rothem of Harris Upham notes a 10.5 percent market rise in two months after Korean peace talks began, followed by erratic moves and a 7 percent net gain after the talks concluded in July 1953.
MENTIONED IN THIS ARTICLE
Argus Research Corp
Argus
Ralph Rothem
Harris
Upham & Co
Market volume rises on speculative demand says Reynolds executive
Leslie Pollack of Reynolds & Co. notes week trading volume grows from a long term build-up of speculative interest. He argues investors avoid fixed incomes, expecting inflation whether peace arrives or not. He cites public desire for peace as the market's resting fulcrum, with rioting signaling higher spending.
MENTIONED IN THIS ARTICLE
Leslie Pollack
Reynolds & Co
Central West Virginia Traffic Club draws industry leaders to Clarksburg
Representatives of carriers and shippers from the eastern United States will gather April 18 19 in Clarksburg for informal discussions guided tours and a dinner at the Stonewall Jackson Hotel. Toastmaster George J Brunner and principal speaker Virginia Mae Brown will address executives with local civic and business leaders greeting the group. The Traffic Club formed in 1957 now has 75 members across seven central West Virginia counties.
MENTIONED IN THIS ARTICLE
Central
West Virginia
Stonewall Jackson
George J. Brunner
Union Carbide Corp
Carbon Products Division
New York
Virginia Mae Brown
Interstate Commerce Commission
Brown
Pliny
Putnam County
Point Pleasant
West Virginia University
West Virginia College of Law
Cecil B Highland, Jr
Clarksburg
Heart Device Patented By National Heart Institute Researchers
Washington report details a biventricular cardiac assister patent from the National Heart Institute Bethesda. Trials show mixed results with seven patients at University of Pennsylvania School of Medicine, two revived. device may restore rhythm in faltering hearts but evidence is limited. Separate note reports Bell Telephone Laboratories APHX system enabling conference calls with up to 30 extensions, self contained in cabinets, no central office modification.
MENTIONED IN THIS ARTICLE
David L. Howell Washington
National Heart Institute
Bethesda
University of Llvania School of Medicine
Allen
Henry H .Abbott
Charles J. Fette
Henry A. Meise Jr
Bell Telephone Laboratories, Inc
Murray Hill
N.J
NY Times Index Dips to 318.7 Despite Year Ago Rise
The New York Times weekly index of business activity fell to 318.7 last week from 327.6 the prior week. A year earlier the index stood at 302.6, with the table showing adjusted components reflecting long term seasonal trends. A Cairo crash report notes a two engine plane carrying Egyptian mining officials and crew crashed in the western desert, with unknown survivors. The Leaning Tower of Pisa spiral staircase is 296 steps, per Collier’s Encyclopedia.
MENTIONED IN THIS ARTICLE
New York
New York Times
Cairo
UPI
Bahariya Oasis
al Ahram
Pisa
Collier's Encyclopedia
C P Telephone Reports West Virginia Growth in 1967
The 1967 annual report shows West Virginia operations reaching 600000 phones with 23,000 added in the year. Construction outlay totaled 30.4 million, including 19.6 million to support growth, with extensive central office expansions and a growing microwave network across towns like Morgantown Suncrest Terra Alta Kingwood Rowlesburg and Tunnelton.
MENTIONED IN THIS ARTICLE
West Virginia Company
West Virginia
Morgantown
D. H. Griffith
Suncrest
Terra Alta
Kingwood
Rowlesburg
Tunnelton
Lynn Named Executive Vice President of Island Creek Coal
A. L. Lynn was promoted to the newly created executive vice president role at Island Creek Coal Co. He will also continue as president of Island Creek Coal Sales Co. Lynn joined the company in 1938 after earlier involvement in coal trade association management.
MENTIONED IN THIS ARTICLE
A. L. Lynn
Island Creek Coal Co
Island Creek Coal Sales Co
Lynn
Island Creek
Coal Trade Association Management
New Cap Lamp by M SA Introduced for Mines
Mine Safety Appliances Co of Pittsburgh unveils the MineSpot cap lamp for coal and metal mines. It combines cap lamp, lead acid battery, and self service charging rack in a single unit. The compact battery case preserves ampere hour capacity and features high impact resistant injection molded polycarbonate construction. Two filling panels with vertical prisms adorn the surface.
MENTIONED IN THIS ARTICLE
Mine Safety Appliances Co
Pittsburgh
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Shearson, Hammill & Co
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New York Times News Service
Ie Electric Power
C&p
C & P Telephone Companies
Maryland
Virginia
Washington, D.C
Washington
H. A. Latimer
Telephone Central
Bethany
Bradshaw
Bridgeport
Buckhannon
Chapmanville
Dunbar
Fairview
Rivesville
South Charleston
St. Albans
Union
Worthington Corp. Turbine Division
C. B. Gaw
General Business Services, Inc
Wisconsin Ave
N.W. Wash
D.C
Tussy
Russ
Tiss
Morcantown
Ergn
Frigidaire
Roe
Monongahela Power
The
Allegheny Power System
Jay Kuhn
Furn