Cottonseed Oil Futures Mixed as Bulls Hold Key Levels
New York state of trade shows bleachable cotton futures erasing slight gains with little sales. July and September contracts listed around 16.50 and 14.15, while October shows nominal bid activity.
MENTIONED IN THIS ARTICLE
New York
Ford Signals Interest in Japanese Market Expansion
Ford Motor Co. chairman Henry Ford II told Keidanren president Kogoro Uemura of a plan to invest capital in Japan. The letter, the first from a major U.S. automaker on entering Japan, also said Ford is not pursuing the knock down import model due to high costs and urged lower duties on assembled cars.
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Tokyo
Henry Ford II
Ford Motor Co
Kogoro Uemura
Japan
Federation and Economic Organizations
Keidanren
Ford
U.S
Uemura
Ford Motor
Interlocking Directorates Dissolved Across Major Firms
The Justice Department announced that 16 companies including General Motors Gulf Oil Mobil Oil Standard Oil of New Jersey Ford Motor Co Standard Oil of Indiana B F Goodrich TRW Inc and Midland Ross agreed to dissolve interlocking directorates to avoid antitrust litigation. Atty Gen Ramsey Clark said the step ends overlapping boards through a formal settlement.
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Washington
Justice Department
Atty
Ramsey Clark
General Motors
Gulf Oil
Mobil Oil
Standard Oil
New Jersey
Ford Motor Co
Indiana
B. F. Goodrich
TRW, Inc
Midland-Ross
Toholski Heads Mead Johnson
Dr. James M. Toholski named president and chief executive officer of Mead Johnson & Co., a Bristol-Myers division, succeeding D. Mead Johnson who becomes chairman. Johnson is senior vice president of Bristol-Myers and joins the parent board’s executive committee. Toholski, a pediatrician, joined Mead Johnson in 1956 after serving as Le Bonheur Hospital research director.
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New York
James M. Toholski
Mead Johnson & Co
Bristol- Myers Co
Toholski
D. Mead Johnson
Johnson
Bristol-Myers
Tuholski
Mead Johnson
le Bonheur Children’s Hospital
Memphis
Tenn
Metal prices and futures mixed across major markets
AP reports Thursday end of day summaries for metals and livestock. Copper, lead, zinc, tin, and gold prices cited in New York and London, with silver futures up. Chicago hog prices steady to higher, cattle arrivals light and mixed weights driving variable bids.
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New York
Connecticut Valley
East St. Louis
London
Sanaha
U.S
Paris
Frankfurt
Aurich
Chicago
Treasury Moves 165 Million Ounces of Silver to Stockpile
The Treasury transfers 165 million ounces of 99.9 percent pure silver to the strategic stockpile under a year old law. The action is a bookkeeping entry with Monday set as the deadline to redeem silver certificates.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Greeks to Vote on New Constitution in September
Athens officials say a final draft of the new Greek constitution will be published this week and submitted to a popular vote on September 1. The government press director confirmed the timetable and urged public participation.
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