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Newspaper
Charleston Gazette
Location
Charleston, West Virginia, United States of America
Date
Jun 09, 1957
Page
11
In 1957 Harry C. France argues that rising U S population and living standards will lift stock values by 1975 and 2000. He cites General Motors and others as strong long term buys, warns prices can mislead investors, and urges buying select common stocks with a 10 year plan.
Common Pleas Judge Dennis R. Knapp ruled that Mary E. Covington Williams is entitled to $296 from a Metropolitan Life policy issued to Robert Covington who has been missing since June 17 1945 and is presumed dead under West Virginia law. The decision also affects two other Metropolitan and Kentucky Central policies totaling $713 as beneficiaries seek sums alleged due. Evidence showed no news of Covington from former Charleston neighbors and efforts to locate him failed while the divorce occurred after his disappearance. Covington had lived in North Carolina before moving to West Virginia.
Wall Street notes rising scrap steel prices as a sign of potential recovery in steel production by late summer or early fall. IBM rights trading ends Monday with potential losses for non conversion. Raytheon takes over Navy Sparrow III plant management. American Greetings expects record earnings around 2.1 million for the year ending Feb 28. Pacific Gas bond issue of 60 million next month to cap this year’s financing. Oklahoma Gas Electric may raise its dividend again this year reflecting a decade of increases.
The Symphony Orchestra of the Florence Festival will open the 1957 58 season of the Community Music Assn with a Oct 22 concert. NBC Opera Co appears Nov 23 in Verdi La Traviata with Igor Gorin. Rise Stevens to perform Jan 22. Grant Johannesen to play March 25. Chanticleers close April 9. All shows at 8 30 p.m. Municipal Auditorium.
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