Dow Jones Hit Record Weekly Gain as Markets Rally
UPI reports a historic weekly rise in the Dow Jones industrial average with rails and utilities posting gains. The industrials closed up 25.90, the rails up 6.35, and utilities up 1.80 as nine Federal Reserve banks cut discount rates to 3.4 percent, boosting hopes for future market strength.
MENTIONED IN THIS ARTICLE
Elmer C. Walter
UPI
York Upi
Dow-Jones Industral
Dow -Jones
Federal Reserve
Boston
Treasury L
Market gains on Kodak jump and strong steel and motor shares
Industrials rose as Eastman Kodak jumped 144 points and Du Pont gained about 8 percent. Steel and motor shares were strong while American Motors led turnover with an unchanged price.
MENTIONED IN THIS ARTICLE
Eastman Kodak
du Pont
Steels
Motors
American Motors
A Vision Of Better Things At The House Of Prayer
A devotional piece urges a vision of better things and a new song of praise. It cites David's deliverance from the pit and invites readers to the House of Prayer at 405 South Main Street for encouragement and spiritual renewal.
MENTIONED IN THIS ARTICLE
David
House of Prayer
405 South Main Street
Inflation or Deflation The Economy Seeks Stability
Financial commentators discuss whether inflation has ended and deflation looms, with the dollar deemed stable. The Fed kept credit tight yet saw growth through 1958 with rising state local debt and deficits, while experts anticipate better business in the third quarter aided by lower rates and a steel led rebound.
MENTIONED IN THIS ARTICLE
Federal Reserve
Burglar complains of jail poker losses in Hattiesburg
Perry F. Nail, 33, a jailed burglar in Hattiesburg Mississippi, told guards he was robbed of 81 dollars he won from fellow prisoners in a six week poker game while housed at the city jail.
MENTIONED IN THIS ARTICLE
Hattiesburg
Miss
UPI
Perry F. Nail
Also Mentioned on This Page
L. J. Tolle
Michigan State University
Trinity University
San Antonio
Tex
Financial Review
New York
E. Sherman Adams
American Bankers Assn
Alfred Hayes
Federal Reserve Bank of New
York
AIR Express
Railway Express
Inc Railway Express Agency
Burlington Depot
Childress Office Supply
Main St
Nody
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