Pacific Stars and Stripes (Newspaper) - February 22, 1959, Tokyo, Japan Sunday february 22, 1959 the stars and strikes Page 23 Market Industrial average Breaks 600 for first time new York a new entry went Down in Market record books Friday when stocks at Long last cracked the formidable 600 Mark in the Industrial did it in style. Individual gains of 2 to 3 Points were commonplace and volume was stepped to the Best level in three weeks 4,190,000 shares compared with 4,160,000 thursday. While rail and Utility issues failed to keep Pace with industrials their gains were sufficient to bring a $2.5 billion Rise in the value of All listed shares should penetration of the 600 level extend to 10 Points or More some of the experts feel the Market might achieve another sub Stantial Friday Rise climaxing a three session gain lifted the Industrial average 7.17 Points to 602.214.55 Points above the pre Vious High of 597.66 established on Jan. 21.gains appeared in. Virtually All groups with the chemicals particularly Strong. Allied chemical gained close to 4 Points while Dupont Eastman and Union Carbide added More than 2 Points stau Fermore than 4 and Thi Okol Over 5. There was wide interest in the motors american motors and Studebaker Packard the two Small car makers were the Day most actively traded stocks. Both lost ground2 a Points to 30% in Amer ican and % to 13vi in Studebaker As it appeared they would be meeting stiff Competition before Long from the big three Auto makers. The latter were sharply higher a Point in Chrysler 1% in Ford and 1% in general motors. Steels showed gains ranging close to 3 Points in . Steel and Youngstown Sheet & tube. Kenne Cott Rose nearly 5, Reynolds More than 3, magma nearly 3 and Alcoa 2 Points among the nonferrous metals drugs showed improvement of As much As 3 Points in Pfizer. Fire Stone Rose 3\s, Goodyear 2ts in the tires. Gains of around 3 Points appeared in . Gypsum in the building supplies general dynamics in the aircraft Scott in the papers Motorola in the electronics. American Telephone Rose a Point. Among rails virginian railway and Norfolk & Western responded to news of merger plans. Virginian finished with a gain of nearly 2 airline sued in death of boy parents Chicago a american air lines has been sued for $1 million in behalf of 8-year-old. Robert sul Livan whose parents and two Sis ters perished in a crash in Newyork on feb. 4. Sixty five persons lost their lives in the disaster. The circuit court suit was filed toy the american National Bank and Trust co. And Edward Murphys administrators of the. Estate of Robert parents Joseph and Lor Raine Sullivan. The suit asked $500,000 for the death of each Parent. Robert Sisters Patricia 12,and Joan 5, were among those lost when the Turbojet plane plunged into the East River As it approached Laguardia Airport for a suit accused the airline of negligence and carelessness. Brynner has Eye operation Paris a a personal representative of Yul Brynner says the actor has undergone a successful operation for a detached Cornea in his left Eye and now must take about three weeks of Complete Rostand quiet. Steve Brooks a spokesman for Brynner in Paris said saturday i can t Tell you where is be cause i honestly Don t know. Eve if i did know i probably would not be Able to Tell was reported several Days ago that the operation was to take place in Lausanne Switzerland. I know that will be Back in Paris on March 14, because has to to London on March 15 to Start a new picture Brooks said. Until then is supposed to take the rest cure.". New dependents name sponsors Date place . Army hasp Munchweiler barn to the wife ofda8sausit John p., 225th station hcs ital Ion Michael f., . 8. Kramer Chi William l., co a 447th Sil a daughter Diana a., feb. 10. Eshelmansp4 Cloyd r., Gen Del. Pm a daughter Margaret r., feb. 12. Cruz8 sit Rosinaldo 6901st com a son Joseph e., feb. 13. Tyrpak Michael own a son. Michael v.,. A. 14. Seikelsp4 Neal a cob 79th end in a son Paul a. Feb. 14. Yancey bit Clarence h., 8, 45th engr in a son Tommy Lee feb. 14. Halbertsp4 Robert g., 15th evac hos Pital a son Alvin s., feb. 14. Bellsp5 Cecil j., Btry b. 2d Mil in 56tlf a a daughter Peggy k., feb. 14. . Army Hosp Neu Bruecke born to the wife of Myers a sgt J., co 1st by 16th inf a daughter Kimberly s., feb. 7. Marshallsp4 Rossl. 48th Ord co Isa son James e., feb. 7. Micheals Sec Charles f., med det 98th Gen Hosp a son Charles f., feb. 7. Isenbergsp5 a want d., co a 20th trans in a daughter Pamela l., feb. 8. Becker Sec John w., cod 2 mob 68th Armor a son judo s., feb. 9. Muttonsp4 Herman l., co a 293d engr in a son David l., feb. 9. Baker sgt Royce c., cob 68th Armor a daughter Joanna p., feb. 10. York pro Philip m., 58th evac Hosp a son Keith d., feb. Ii. Bossi Siu Raymond ., co a 293d engr in a daughter Karen m., feb. 11. Smith sgt James h., mod det 98th Gen Hosp a daughter Debra s., feb. 12. . Army Hosp bad Kreuz born to the wife of lamberts sgt Bennie d., 6912th radio Mobile a daughter Sandra Feb. 3. Rowleysp4 James l., co a 8th Sig in a daughter Elisabeth m., feb. 3., Sunderland sgt Donald j., co a 12th engr in a daughter Sylvia e., feb. S. Crandall a sgt Donald e., 8th admin co a son Scott a., feb. 5. D Agostino pfc Joseph 8th det a son James f., feb. 6. Robinson Sec Leonard cob 2d med to in a Daughton Panela j., feb. 8. Raysp4 Robert eco a 382 1 in a daughter Sharon l., feb. 8. Jenkinssp4 Thomas a. 2il evac Hosp 7th army a daughter Agnes u., feb. 8. Lackey1st it James of. Co a 12th engr in a son. Dale r., feb. 9. Dalton a in Carol s., 7310th material a daughter Bernice w., feb. 13. Timblinsp4 Richard a., 580th Enar co daughter Deborah m., feb. 14. Poor1st it Thomas d., cob 8th Sig in a daughter Tamerra a., feb. 15. Your guide to Good listening in the dec the hours listed for an programs Are Central european time sunday american forces network 1830 Sei who 1855 heritage 1900 Newt 1905 Hollywood Hall 1930 Johnny Dollar 2000 news 0700 news 1105 protestant radio 0705 Navy hour Chapel 0730 make Way for 1145 Power Biggs youth 1200 Newi sports 0755 Don t you Bellev 1215 album for sunday music it0800 news 0805 sunday ctr Eui 0900 news 1300 news i30s family theatre 1335 moods in Melody i4qq news 0905 Salt Lake Tab a. 1408 Tali army by Niphonh i500-Nws 1505 presenting Basil rat Bemo 1516 Best in music 1600 Newt anole choir 0930 protestant. Hour 1000 Newt i Dos Walti Tim 1030 Christian in action 1059 thai thing called ibos soon lit 1800 not 1100 news 804�rcollectiens at 30 German to 1200 International 1700 daphnis and round table 1430 Corky and the Clr Eui 1500 International ski jumping Ramstein of to 1255 sign. On 1900 air Power 1300 loot Anu live 1930 Jack Benny. 1330 wide wide world 2000 Sullivan 1500 Golf 2100 men of Annapolis 1600 feature Povlo 2130 court of last 1730 Roy Rogers retort 1800 to be announced 2200 i be got a secret 1819 news sports 2230 thin Man 1130 Lassie Chloo Offenbach 1930 weekly Mirror 2000 the steel net,1play 2100 ice hockey 6pangdahlem of to 1500 Christophers 1530 championship Bowling 1600 Liberace 1630 Newt 1700 zoo Parade 1730 big picture Imo you Are there 1830 $64,000 Challenge 1900 air Power 1930 Telephone time 2000 to show. 2100 Milton Berle 2200 silent service 2230 True Story 2300 Newt overcrowded airspace blamed Tor near misses 2215 International bandstand 2240 Duffy tavern 2245 strange2300 Newt 2305 Romance in music 2330 mood piece 2005 people Are funny 2355 this thing called 2030 Mitch Miller life 2100 Newt 2408 Newt 2105 an playhouse 0005 serenade 2200 Newt sports 0100 news. Washington the fed eral aviation Agency Faa sat urday explained a rash of near collision reports in 12 simple words too Many planes too Little air space and not enough control facilities. In the past five Days four com Mercial airliners reported "neai4-rriisses"-with military aircraft. The closest cd involved a Capi Tal airlines Viscount which had to dive to avoid a head on collision with an air Force b47 near Char Lotte n.c., thursday. The Airliner was on a route and at an Altitude assigned by Federal air traffic a capital Constellation arid an air Force cargo plane swerved to avoid each other Over Kentucky. Both were on assigned altitudes and routes american and Eastern airlines also reported near collisions earlier in the week. Faa investigation the latest incident appeared Tobe a Freak. Both the capital air liner and the air Force cargo plane had filed flight plans which took them Over intersecting routes. The Faa will investigate Why air traffic control apparently allowed their paths to Cross without warn ing either of the other presence. The Agency announced it had suspended the control Tower employee on duty at the time because the Faa preliminary investigation showed an error in estimating position occurred in the Indianapolis control air Center. The Man removed from duty pending further investigation was not identified. The other incidents involved air liners flying under instrument flight rules if and military aircraft operating under visual flight rules Var. Fair weather peril under if planes Fly at assigned altitudes and routes monitored con stantly by Federal air traffic control centers. An if clearance literally places an aircraft in protective cocoon 10 Miles wide two thousand feet deep and Sev eral Miles Long. But an Faa spokesman explained that if protects planes Only fro Mother if traffic. If cannot guar Antee Protection from planes under Var in Good weather. And the Faa official emphasized that in Good weather any aircraft has a perfect right to Fly Var even in controlled airspace. With our present facilities it is impossible to put All aircraft under positive if control the spokesman said. There Are literally thousands arid thousands of planes in the air. Daily. If you tried to control All of them you paralyse the Faa spokesman conceded there was a tendency to ii Diatel blame the military Fornear collision incidents involving commercial Case must be judged individually pointed out. There Are near miss incidents in which neither party is to blame but rather the system under which they must Points but Norfolk & Western closed unchanged bucking Down after an Early gain of almost a Point. Southern Pacific Rose nearly 2 Points were losses of a Point in Atlantic coast line and in Kansas City Southern. Consolidated natural Gas rose1-pan Hundlo Eastern pipe line a Point Pacific Gas % among utilities. Of a total 1,248 issues traded gg8 wore higher Only 368 lower. New highs were hit by a Long list of issues including Allied chemical Bendix Colgate Ken Sccott Mack trucks Minnesota mining Pitney Bowes Thi Okol Firestone Goodrich Scott paper Union Carbide and virginian rail Way. Closing Stock prices included chemicals Allied 105a 3% Delpont 2l6 /2, 2 /., Eastman l52 i 2% Union Carbide l28 /2, in 2u stuffer 110. Up 4ft Thi Okol Iii a 5%. . Stool 94 /2, 2% Republic 72%, 1% Youngstown 128%, 2%. Motors Chrysler 56/z, i general motors 48%. Up 1% Ford 55%, i a Ameri can motors 30 a off 1% stride biker 13%, off i. Metals Alcoa 83, 2 Reynolds metals 73 /3, 3% Komi Sccott ii3 /0, 4% magma 70%. Up 2%. Drugs Pfizer 108, 3 Merck 73%, 1%. Tires Firestone 143, 3j Goodyear 127 2%. Rails Atlantic coast line Oft i Kan Sas City Southern 8c, Oft Southern Pacific 67 a 1% virginian 47, 1% Norfolk a Western 91%, unchanged. Utilities consolidated natural Gas 57 1% Panhandle Eastern 55, i Pacific Gas 0-1. Up %. Miscellaneous american Telephone 239%. Lip i . Gypsum 105 a 2% general dynamics 03 a 2% Scott paper 80, 3 general foods 81 a 2 to. " new. York the closing Range of Dow Jones averages Fri Day open close chanies 30 industrials 59g.8c g02.2i 7.17 20 Raili 164.54 164.39 0.18 15 utilities 01.25 91.74 a /3 27% 29% 22 47% 29 a 32 a i6 a 53v, 238% 37 70% 29% 47% hop Beech aircraft 32 a 32% Bendix aviation 74. 73 Bethlehem steel 53% 53 /4 Boeing air plane 42 a Burlington industries 16 15% Campbell soup 52% 53 a Canadian Pacific railway 30% 30% Carrier corp. 46% 46 a celanese corp. 20 a 29% Chrysler corp. 66 a 55 Columbia Gas system 22% 23 econ. Edison 63% 03 i Continental steel 65 Crane co. 41 i 43 Curtiss Wright 3332% Douglas aircraft 54vi 2l4 /4 Eastern airlines 39% 39 /4 Eastman Kodak l52 a 149% Fairchild eng a air plane 9% 9% general dynamics fi3 a 60% general electric 78 i 77 general foods 81 a 79 general motors 48% 46% Gillette co. 46% 46% Gimbel Bros. 42 /4 42 a Goodyear tire 127% Gull Oil 115% 115% int. Business machines 505 int. Harvester 42 42 int. Nickel 92% 92 int. Tat 64% 65 Jones a Laughlin 66 Kennicott copter a 108% Lockheed aircraft 31 a 30v Loew i no. 23 22v Montgomery Ward 41% 41% Morris Philip no. 61% 61 / National aviation 27% 273/ National Cash Register a 75% National distillers 31% 31v new York Central. 27% 27 North american aviation 43 42 Olin Matheson 45 45owens Corning fiberglas 64 / 84 pan american airways 27% 28 Paramount pictures 47 47% Pennsylvania 7 17 Pepsi cola 31v 30 Phillips Petroleum 49 pure Oil co. .43 41 radio Cor Of America 47 46 / Republic aviation 27% 27 Republic Stoml 72% 71 Reynolds metals 73 a 70v oars Roebuck Kelly Oil Cony Mobil Southern Pacific Perry Rand corp. Tankard brands Tallard Oil California Tankard Oil Indiana Tankard Oil new Jersey tude Haker Packard gift & co. Exas co. Exas Gulf Sulphur rans world airlines Nion Carbide Nion Pacific United aircraft a. Rubber . Smelting . Steel Warner Bros. Pictures Westinghouse electric Woolworth Co. Friday 44% 67 /4 thursday 44/ 67 17%83 43% �2 3 /4 7?22% 18 22 c8 4 52 13% 37 /4mi 23 i7h 26 /4 38 /4 59% 37% 94 i �/4 36 91% 55% 56 Friday thursday bid asked bid asked 7.37 7.97 affiliated fund 7.31 7. 5. 6.20 atomic fund c4 8.16 5.81 6.34 axe Houghton cd. A 5.79 6.29 8.64 9.39 axe Houghton cd. A 8.60 9.35 7.27 18.67 Boston fund 17.18 18.57 8.87 20.42 Canadian fund 18.78 20.31 5.04 10.26 Canada general 14.99 10.21 10.18 21.63 chemical fund 19.87 21.59 9.81 i0. 66 Commonwealth inv. 9.80 10.65 4.93 16.23 Commonwealth . Cd. 14.82 2.18 13.39 Delaware fund 13.10 13.3 3.05 3.35 dividend shares 3.03 3.32 12.97 14.10 Oroy fus fund 12.88 14.00 23.44 25.06 Eaton & Howard bal 23.35 24.97 23.81 25.56 Eaton & How. St. Cd. 23.c8 29.32 6.12 17.43 Fidelity fund 15.90 17.28 4.24 financial Industrial 4.14 4.64 10.13 11.01 founders Mutual .04 19.81 18.51 20.39 fundamental investors 18.42 2.i9 17.84 18.34 growth Indus. Shares 17.63 18.16 5.04 5.50 Hamilton cd. H-c7 5.0� 4c 4.99 bid Hamilton cd. H. 4.9c 2.56 2.80 income found. Fund 2.78 11.10 12.15 inst Tut found. 11.05 12.09 11.28 12.34 institutional growth 11.26 12.30 10.47 11.44 invest. Co. Of America 10.39 11.38 23.01 23.01 Johnston Mutual fun 22.84 22.84 i.5 7.21 Knickerbocker fund 8.b 7.11.92 13.03 Lexington vont urts cd. 11.79 12.89 13.13 14.19 mass. Inv. Growth 13.82 14.05 13.51 14.61 mass. Inv Trust 13.37 3.40 3.70 Mutual Trust cd. X 9.41 3.71 12.19 13.05 National invest. 12.07 13.05 4.42 4.83 Nat . Series 4.40 4.91 7.58 8.2b Nat Sec. Growth 7. 8.21 9.01 0.85 nat1 Sec. Stock 8.96 9.79 0.5c 7.17 Nat see. Income 6.54 7.15 12.04 13.16 nucleonics & 11.97 i3.17.24 18.74 Pioneer Mutual fund 17.14 i8.$3 13.90 15.11 Putnam George cd. 13.84 15.04 37.75 40.25 state stroy 9.74 10.64 Texas fund 9.7114.38 15.67 television elect. 14.26 15.53 12.14 13.20 United accumulative 12.04 13.09 11.10 12.07 United income 11.03 11.09 13.81 United sole Noe 12.51 13.87 8.10 8.96 Wall . Inv. Program 8.15 8.01 10.37 11.33 Washington Mutual 10.20 11.26 14.02 15.28 Wellington fund i3.19.21
