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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 14, 1957
Page
5
Big crowds flock to Main Street shops over the weekend as sun returns, boosting receipts after cold weeks. Stores report stronger customer pressure from early spring sales and pre Easter clearances, with weather and promotional ads blamed for lingering slump earlier this season.
The week brought the best weekly gain of 1957 on record high volume. The Associated Press average rose to 173.30, lifting NYSE market value by about 3.17 billion dollars. Steel earnings and dividends sparked the advance, notably Lukens Steel whose surge paused trading for 46 minutes amid investigations into prior earnings comments.
Ted W. Hicks Jr of Richmond Virginia has been named sales manager of the High Point office of Washburn Printing Co to begin April 22. He previously worked as sales manager for the Charlotte Engraving Co and Virginia Engraving Co and served in the Navy in WWII. Hicks and his wife plan to move to High Point by May 15 with their two children Biff and Robin. Washburn operates offices in High Point and Spartanburg with ties to Alderman Photo Co of High Point.
A New York report finds acting schools rehearse shows as classroom exercises and some off Broadway groups require several weeks of rehearsal before any formal contract. This practice raises questions about training standards and actor rights.
New York critics hailed the Frederick Loewe Alan Jay Lerner musical Brigadoon at City Center and box office sales were strong. Plans followed to extend the run at Adelphi theater with City Center sharing in profits.
A garbled list shows security quotations for firms including Life Insurance, Wachovia Bank and Trust, Watsworths Trane XD, Western Carolina Tel, West Point Mig Co, Zonolite Company with percent figures ranging from 2% to 47% as read in the clipping.
The week shows optimism in Wall Street with The Associated Press 60-stock average posting its biggest weekly rise. Main Street struggles with disaster-related losses and fierce price wars, while construction booms overall yet housing remains weak and labor troubles hit Chrysler.
Washington observed a test of a jet propelled steam powered boat in 1784. The model was developed earlier in the 18th century with Washington's presence noted during the demonstration.
New York reports a week ending with lower average corporate bonds on expanded volume. Treasuries drifted downward in a thin market. Investment quality issues and foreign dollar liens gained on the big board while rails and utilities fell sharply. Selected convertibles jumped as their stock counterparts rose. General Dynamics 3s rose to 137 after a 10 point gain, Bethlehem 3s to 138 up 6.
An adult fly typically lives about 30 days. In captivity or favorable outdoor conditions the lifespan can extend slightly, but predators, temperature, and food availability strongly influence survival.
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