Market Opens Higher Then Mixed At Midday
Stocks opened higher and drifted to mixed near midday with gains led by rubbers and other specialties. Steel, motors, and oils were active with mixed to modest advances. Major movers included Parke Davis and International Paper up about two points. Goodrich up eight. Royal Dutch rose after 1957 earnings. several others posted small gains and some declines. The Associated Press 60 average stood near $167 at noon, with rails and utilities slipping.
MENTIONED IN THIS ARTICLE
Parke, Davis
International Paper
Goodrich
Royal Dutch
Bethlehem
U.S. Steel
Chrysler
Goodyear
Caterpillar
Douglas Aircraft
Phelps Dodge
Dow Chemical
Westinghouse
American Can
United Air Lines
Loew's
Gypsum
Sinclair
Associated Press
Market absorbs bad news as investors eye 1959 rebound
Analysts note stock prices shrug off poor reports from Bethlehem Steel and Chrysler as investors anticipate a bottoming out of the business slump. The Associated Press index rose to 167, while steel and auto earnings show declines but traders bet on improvement later this year. Inflation expectations loom as a key factor in pricing.
MENTIONED IN THIS ARTICLE
New York
Bethlehem Steel
Chrysler
Associated Press
Chief Cloud
Tteir
General Motors
Drowning Used as Punishment Across Europe Through 1600s
The text notes that for much of European history drowning served as a common punishment from ancient times until the early 17th century, reflecting harsh justice practices of the era.
Racial Attitude Divides Presbyterian Assembly
Deep South presbyteries push to alter liberal racial stances meets pushback as reports split the assembly. Northern church leaders urge cautious mergers and reference biblical parallels while sessions discuss a 1960 TV radio program budget of 300000. The six day meeting ends tomorrow.
MENTIONED IN THIS ARTICLE
Mittee
Arthur J. Moore
Atlanta
Wallace M. Alston
Agnes Scott College
Decatur
Presbyterian Church
U.S.A
United Presbyterian Church of North America
Pittsburgh
U.S
J. Calvin Reid
Unitedans
Reid
Jacob
Rachel
Eight Die Violently In State
The Associated Press reports at least eight people died violently in North Carolina over the weekend. Victims include Otis Gilbert File, 44, fatally injured piloting a boat on High Rock Lake when head struck a bridge as water rose after rains. James Gibson, 48, stabbed in Raleigh street. Victoria Jackson Hatch ell, 51, charged with murder. Harry Lee Mitchell, 38, burned in a two room Walkertown home. Bobby Lee Hicks, 19, killed when a Rominger area auto overturned on NC 90. John H. Smith, 30, killed in a Duplin County car overturn near Warsaw. Dollie Sanders, 86, killed in Nash County highway wreck. Dennis G Quick, 5, struck by car near Hamlet. Ralph Enlowe, 30, killed in Granville County two-car crash.
MENTIONED IN THIS ARTICLE
Associated Press
North Carolina
Otis Gilbert File
High Rock Lake
Thomasville
James Gibson
Raleigh
Victoria Jackson Hatchell
Gibson
Harry Lee Mitchell
Forsyth County
Walkertown
Bobby Lee Hicks
Rt. 2
Rominger
N.C
Lenoir
John H. Smith
Warsaw
Duplin
Dollie Sanders
Rt. 1
Nashville
Nash County
Dennis G. Quick
Hamlet
Granville County
Ralph Enlowe
Creedmoor
Esso Plans Rebuild After Deepwater Terminal Fire
Newport News Va Esso Standard Oil plans to rebuild its Deepwater Terminal after a 40 hour waterfront fire started by an explosion in the steam generating plant electrical panel. Of 21 tanks built in 1986 seven were total losses seven damaged and seven unharmed with damage estimated at two million dollars.
MENTIONED IN THIS ARTICLE
Newport News
Esso Standard Oil Co
British Oil Tanker Bombed Near Balikpapan in Borneo
A British oil tanker San Flaviano was bombed and set ablaze while anchored off Balikpapan in Borneo. Captain J B Bright said all 50 crew were rescued by Shell tanker Daronia which aided after a near miss and radioed that some crew suffered injuries and shock. The attack was attributed to Indonesian rebels or their planes. The Daronia proceeded to Singapore with the rescued sailors.
MENTIONED IN THIS ARTICLE
Singapore
Balikpapan
Borneo
London
Eagle Oil and Shipping Co
J. B. Bright
Daronia
Shell
San Flaviano
Persian Gulf
East Borneo
Straits of Makassar
Ike's Note Urges Arctic Inspection
Eisenhower urges Soviet leaders to back a U S resolution and support talks on summit preparations. He says cooperation could lower tensions and lessen fears of surprise attack. Gromyko proposes Poland and Czechoslovakia join talks, Khrushchev backs the demand though warns Western powers avoid open discussions on summit prep.
MENTIONED IN THIS ARTICLE
Andrei Gromyko
Poland
Czechoslovakia
Moscow Radio
Khrushchev
Gromyko
Crash Landing in the Night Flight Survivor’s Tale
An Air Force flight surgeon recounts a dramatic crash landing at moonless night, 150 mph, with unknown terrain beneath. He describes the harrowing moment, emergency response, and his surprising survival after walking away from the wreck.
MENTIONED IN THIS ARTICLE
Reader's Digest
Air Force
Smith Tops Social Security Rolls With 1.4 Million
The Social Security System notes Smith is the most common surname on its rolls, with about 1.4 million individuals bearing the name. The state and regional distributions were not specified in the brief.
Also Mentioned on This Page
Bache & Co
Goodyear Tire & Rubber
International Harvester
Dow-Jones
American Can Co
Bache @ Co
Allied Chemical & Dye
the Borden Co
Avenee Anne
Reves Eeeeree Ve
Wig
Burlington Mills
Vowme
Wfemy-Tv
Greensboro
Wsjs-Tv
Winston-Salem
Harriet
Ae Lees
Burns & Allen
Danny Thomas
Garry Moore
Arthur
Dotto
Art Linkletter
Jet Jackson
Welle Forge
Goodyear Theatre
Jack Paar
Kitty Foyle
WBTV
Charlotte
Dayton Tires
Hughes Tire Service, Inc
B. F
Hughes
North Main
Samte Tel
Thomas
Wunc-Tv
Chapel Hill
Garden Wall
RCA Victor
Dumont
Admiral
Television
S&t
Wsoc-Tv
Bessess
Aelm Fargo
High Point
Bedford Sales CO
Carolina Tri-City Termite CO
W. Presigence
N. Wrenn
Wsls-Tv
Roanoke
Walle Fargo
Business Mirror
By Sam Dawson
Omos
Vides
Jecaseese Bog
Sean
Television Sales & Service
N. Main ST
Page LA Lessors
Mas
McLean
Deep South Presbytery
Esso
Ike
P. O. Box
Burlington, N
Couseu
Madison
Grant Chaete
Burt Lancaster
Clark Gable
CLT
Cole Younger
Frank Lovejoy
All America
Www. C. Handy
Tom & Jerry
Midway
David Wayne
Phyllis Kirk
Paramount Form
SUN
Turner Chandler
Beepee
Ee High poiNt
Tar *A
Archdale
Dana Andrews
Linda Darnell
Sterling Hayden
Ee A Paramount Selease
Guy Madison
Virginia Field
Asia
George Ware
BIG Color
Merry i
Andrew
Tcircus
Deborah Kerr
David Niven
Jean Seberg
Mylene Demongeot
Bonjour
Tristesse
Geoffrey Horne
Juliette Greco
Walter Chiare
Martita Hunt
Columbia Pictures
Paramount Presents
Anthony Quinn Anthony
Hal Wallis
Sasaten
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