Market Musings from The Daily Investor Columns
William A. Doyle reviews reader portfolios and cautions on speculative bets. He notes McLean Industries struggles amid shipping costs, Bailey Selburn’s volatile price moves, and Penn-Texas cautionary gambling. He recommends trimming losses, holding solid growth plays like Consolidated Foods, National Distillers Chemical, and Pure Oil, and avoiding rash moves. Doyle signs off inviting letters but not phone replies.
MENTIONED IN THIS ARTICLE
Wil
Traykel Alomy Magertips
Wigh Krade
Lda
Isues
Meloan Industries
Guyehased
Bailey Selburn
McLean Industries
Kailey Selbourn
Middle East
Penn-Texas
Gmibie
House of Cards
Consolidated Foods
National Distillers & Chemica
National Distillers Chemical
Stocks Step Up A Notch To New High This Year
The market advanced to another yearly high amid strong volume of 3 040 000 shares and broad participation. The Associated Press index rose 40 points to 183 40 with industrials up 70 cents and rails up 40 cents, while 212 new highs were recorded and the Dawson industrial average cleared 300 at 502 81. Trading reflected profit taking on some gains but appetite remained for further advance as buying interest persisted.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Dawsonns
American Stock Exchange
U.S
Albany Boy, 4, Injured In Fall From Truck
Donnie Gilmore, four, of 5S ith Ave Albany, was injured when he fell from the back of Robert E. Waterbury’s truck in Albany yesterday. He suffered a facial laceration and a bruise on the left leg and was taken to Albany Hospital. Waterbury said he did not know the boy was on the truck or that he had fallen off.
MENTIONED IN THIS ARTICLE
Averni Park
Robert E. Waterbury
Albay
Donnie Gilmore
Dth Ave
Albany
Albany Hospital
Pallee
Waterbury
Dungan Avenue
John Cody
Navy Blimp Obituary Heads For Deaths Funeral North Pole
Funeral notices list Jesse Snyder and others with Elmwood Cemetery interments and West Sand Lake services. A Navy blimp voyage to the Arctic for nonrigid aircraft research departs Weymouth with a 34 crew and International Geophysical Year scientists aboard, led by Capt. Harold Van Gorder.
MENTIONED IN THIS ARTICLE
Navy
North Pole
Fier
My. Snyder
Jesse Snyder
Rensselaer
DeGragx
West Sand Lake
Gerald A. Boyer
Salem Giangethcal United Brethren Church
West Sant Lake
Beavers
Warren 5. King
Wilbur B. Bower
George Bame
Clarence Bame
George Amidon
Harold C. Harrington
Elmwood Cemetery
Weyayouth
Mass
Avette
Arctic Ocean
Churchill
Manitoba
Cornwallis Island
Northwest Territory
International Geophysical Year
Sciental
Cepl
Harold Q. van Gorder
Naval Development Unit
Nval
South Weymouth
Hugh Milligan
Associated Press
U.S
Aj Navy
Cmdr
Henry Collins
Conshohocken
Tate Cmdr
A. J. Schou
Morgan
Mini
RCA Wing
K. R. Greenaway
Ob Mawa
WH. D. Koza
Lyman
Neb
George Kalin
Braunswick
J.g. d. F. Malloy
Philadelphia
Navigator
Frederick la. Parker
Providence
Francia J. Hughes
Tong Beach
AES R
Cabral
Boston
Ati Williams
Eels
Binghamton
N.Y
James P. Quinn
Toms River
Rigger
Wendell Dunlevy
Columbus
Ohio
Floyd
Tohnson
Elmer &, Lord
Contopcook
S.H
Mechanic
Tug Frontier 1 Fire Injures Two Crewmembers
An explosion and flash fire in the Frontier 1 tug engine room near Buffalo Harbor injured pilot Thomas Te Luca about 24 and mechanic Arthur McGregor, described as serious. Damage was estimated at $1,000 as crew battled flames and extinguished the blaze.
MENTIONED IN THIS ARTICLE
Buffalo
Tug Frontier
Tuffalo Harbor
Arthur McGregor
Thomas Te- Luca
Bath
Judge’s Error Frees Man After 24 Years In Prison
Vimenjo Arvirge Olen, 42, was released from Stateville Prison after serving 24 years of a 33 robbery sentence due to a judge’s mistake. Chief Justice Harald Connell ruled Baker had not been properly warned about guilty plea consequences from a December 1988 trial presided by the late Judge Joseph F. David.
MENTIONED IN THIS ARTICLE
Vmiengo
Virge Olen
Stateville
Harald Flo' Connell
Canel
Baker
Joseph &. David
Israel seeks French help at parley in Middle East
Maariv reports Prime Minister David Ben Gurion sent a personal message to French Premier Charles de Gaulle requesting support for Israel at an upcoming Middle East summit. Galda Meir, Israel’s minister, planned to discuss Israel’s stance with de Gaulle before illness canceled her Paris trip.
MENTIONED IN THIS ARTICLE
Israel
Jerusalem
UPT
Maariv
Saint
David Ben Gurion
Geo
Charles de Gaulla
Prenes
Middle East
Mideasl
Ysraeh Toreian
Galda Meir
de Gaulle
Paris
Bow opposes elaborate Khrushchev protection in New York meeting
Representative Bow of Oklahoma voiced opposition to any elaborate preparations to safeguard Soviet Premier Nikita Khrushchev if he visits New York or the United Nations. He suggested Khrushchev should risk his fate among tyranny’s victims who have found freedom in America.
MENTIONED IN THIS ARTICLE
Washington
Upty
Frank ‘. Bow
R-Okla
Nikita Khraghelev
New York
Bow
Soviet report claims 32 U S nuclear blasts detected in Pacific series
The Soviet news agency Vans reports Russian observatories tracked 32 test blasts in the U S Pacific series from April 24 to July 26, claiming the intensity exceeds prior U S testing and that some days saw two explosions. The announcement cites distances of 4,000 to 7,509 miles from the test area.
MENTIONED IN THIS ARTICLE
New York
U. S
Pacific
Atomic Energy Commission
United States
Twenty Four Londoners Injured In Underground Train Crush
UPI reports twenty four people injured during a commuter train crush in an underground tunnel during the morning rush hour. Passengers escaped through smoke filled cars after a collision and shattered glass. Several were overcome by smoke as they fled toward the station.
MENTIONED IN THIS ARTICLE
Yada
UPI
Aga Khan's Widow Denies Remarrying After Aga Khan Death
The Begum Aga Khan, 33, denied yesterday that she plans to remarry. She said she does not know the origin of reports. The Begum, widow of the Aga Khan who died last year, is reportedly en route to the Werner Opera Festival and has been traveling recently.
MENTIONED IN THIS ARTICLE
Beyreuth
Germany
Upl
Begim Aga Khan
Begum
theAga Khan
Waner
Vishaa Mustla
Limber Burns Pumpey 3 Injured in Canal Street Fire
A fire near Canal and South Avenue injured Limber Burns Pumpey 3 and damaged a pile of Kimbar. Firefighters used a Wooster Vine to reach the blaze and transport the victim to the station at Opam. The incident caused about $66 in losses and disrupted nearby traffic.
MENTIONED IN THIS ARTICLE
Canal
Debates Over Baghdad Pact Trust And US Involvement
The document outlines de lovuisation of signers and resistance to aggression while Western statesmen accuse the Soviet Union of fomenting unrest in the Middle East. Baghdad Pact members weigh changes, affecting US obligation to assist. Washington sponsored the alliance in 1955 linking Turkey and Britain to NATO via Iraq and the region. US participation has been limited to committee representation.
MENTIONED IN THIS ARTICLE
Soviet Union
Middle East
Ue de Ad
Iay Wi
Wig
Baghdad
United States
Washington
North Atlantic Treaty Organization
Turkey
Britain
PATO
U. S
Gultes
Patou Debuts Fitting Fall Styles With Bold Back Details
Paris designer Jean Patou unveiled a fall collection stressing a sharp waist and visible bosom, with a slim front and curved back silhouette labeled the letter K. Short double breasted jackets and fitted coats dominated, while evening wear featured black predominance, bold colors, bows, fringes, and wrist-length sleeves.
MENTIONED IN THIS ARTICLE
GAY Pauley Paris
UPI
Jean Patou
Roland Karl
Lue Hays
Jimmny
Patou
Chambre
Paton
Palou
Olivers
Bank of England Restores Ties With Lyab Revolt Regime
A foreign affairs spokesman said the Bank of England resumed normal relations with Traq's new revolutionary government. The move enabled the release of about 29 million pounds 2241 00 000 dollars to the Central Bank of Lyac from the Bank of England.
MENTIONED IN THIS ARTICLE
Ress
Bank of England Landau
UPI
Bank of England
Traq
Orhment
Bank of Lyaq
Arab envoy warns U S allies on airspace violations
Ambassador Mustafa Yusey of the United Arab Republic warned that Egypt and Syria would fire on American or other warplanes violating UA airspace. He said a landing attempt would be treated as an attack and that steps would be taken to defend themselves, citing the U S role in Lebanon.
MENTIONED IN THIS ARTICLE
Tokyy
UPI
Mustafa Yusey Gt Ile
Aras
Egypt
Syria
Yusev
Hel
Lebanon
Auto Dealers face penalties under new auto bill
President Eisenhower signs an auto bill requiring manufacturers and dealers to display the suggested retail price of new cars with a shield label. Effective Oct 1, the label lists make model serial number final assembly paint and seating. Ford Motor Co denied conspiracy charges, stating the program aimed only to identify wholesale parts customers and did not fix prices.
MENTIONED IN THIS ARTICLE
Couvielio
Eisenhower
Nana
Detroit
Ford Mets Co
Ford
William 9. Gossett
Govset
Washington, DD. C
Washington
Moon Rocket Nears Moon Flyby Amid Orbital Plans
Scientists discuss a Conthiedean Page Lp style rocket aiming to place a final stage in lunar orbit. If successful the craft may circle the moon multiple times before disintegrating in Earth's atmosphere. A partial lunar sighting window opens August 19, with observers needing telescopes to view a distant object.
MENTIONED IN THIS ARTICLE
Hilde Minter
Tim Saleliles
Prajecl
Moon
Quit Save Billions Advice To Congress
Rep. Charles We. Vursell urged Congress to adjourn quickly to save taxpayers billions in bills pending. He claimed a swift adjournment could cut costs by four to five billion dollars and argued much of current legislation is waste and a burden on the public.
MENTIONED IN THIS ARTICLE
Washington
IPI
Charles We Vursell
HAC
Congress
Avery
Also Mentioned on This Page
The
Daily Investor
William A. Doyle
Doyte
Foster & Adams High
Jow Close
Allegheny Sad
AN Allied Chem
rAllis Chamers
Atun Am Til Am
Am Aly
Amer Byatt
AB Amar Home Oath
SAG Amer Smelt Agty
Amer T Or Bos
Amer
Anaconda
Arica Steel
Atch Téa
Bonifix Ayla
Bethlehem AG
Boeing Air
Celanese Corp
Ches & Ghin
Clucel
Tal & Whitson
Gretinnerss
Dupont
Uunek
Milly
WBN
Arnoles
Melnis
Hosuishenied
Ate Hanan Goodrich
Ratiperned
Bert Inger
Great Norl
Menands
Gor
Industcy
Cormpanies
Minagement Alletime
Phwaye
Vhranet
Musial
Musial Fund, the Investmenbstins
Fan Furthne
Matee
Conserens
Aileérest
Hatden, Stone & CO
Jan State
Srizet Albany
Intec
Inter Tel
Johnny Manville
Jones & Laugh
Kennecol
Wige & Myers Aha
Lockheed Btss
Sma
Lone Star Gas
Marine
Mid
Ais Ali Monsanto
Sbya
Mont. Ward A
Biscuit Agr
Phelps Dodge
Au Bay Phillipe Detyet
Pullman
Radio Lorp Sav
Repab Steel
Schenley
Sears Roebuck
Sinclar Gil
Socony-Mobi
Ace St Jos
St Hegis
Southern Co
Southa Pacific
Southa Railway
Il NJ
Texas
Union Paeble
United Air
United Fruit
Vel Ome Ag
Westing Rouse
Woolworth Ag
S&t
Fenlth
EISM
Record
Dora
Dinmand Gryalul Sell. Co
c/o Nialsan Coupon Clearing Hogue
Clinton
Iowa
Kedoomadle Valor
Marchanilisa Indlealad
URES
Dlam
Thomas Ni Gruntige
Thomas N. Hrunaige
R.D
Valley Falls
Pittstown
Troy
Avda
Benndige
Rensselacy County Farm Bureau
Ruby N. Brindige
Miss Bing
Jews
James Lewis
Thomas A. Styles
Margaret It, Murphy
Margaret ‘I’. Murphy
Middlebury St
St. Mary's Hospital
Brooklyn
John Schwartz
Cluett, Peabody and Co, Inc
Mutephy
St. Patrick's Church
Rosary Society
St. Mary's Cemetery
Premier
Aga Khan
Li Wad
Limber Burns
America
Nudd
U.alr
Humphrey
Estes Froelich
Chethom Square
Roy Sinvings
Sears Somerton
Ty Christyas
Sf Ny
Saya
TOY
Reb
Rex
Bae
Kresge
River ST
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