Wall Street shares rise after two-day loss
New York stocks moved higher led by oil and steel issues as earnings from General Motors and US Steel impressed investors. Gulf Oil Royal Dutch and Standard Oil New Jersey gained, while rails steadied and American Tobacco dipped after quarterly results.
MENTIONED IN THIS ARTICLE
New York
Oil and Steel
General Motors
Wall Street
Gulf Oil
Royal Dutch
Standard Oil
New Jersey
Egypt
Suez Canal
Lorillard
Youngstown Sheet & Tube
Us, Steel
Bethlehem
Republic Steel
Goodyear
Goodrich
Boeing
Anaconda
Texas Co
American Airlines
Chrysler
Douglas Aircraft
General Electric
Shell Transport
Union Carbide
Kenpecott
Baltimore & Ohio
Chesapeake & Ohio
American Tobacco
R. J. Reynolds Tobacco
Bache & Co Can Co
Allied Chemical & Dye
Tobacco Co
Borden Co
Bethlehem Steel
Burlington Mills
Chrysler Corp
New York Central RA
Cone Corp
Carolina Light and Power
DuPoint de Nemours
Dow Chemical
Eastern Airlines
Eastman Kodak
Greyhound Corp
General Dynamics
Gulf Oi
Goodyear Tire & Rubber
International H
International Tel
Standard Oil Co
Jones Laughlin Steel
J Manville
Loew's Inc
Norfolk & Western Rwy
Phillips
Pennsylvania Railway
Procter & Gamble
Reynolds Tobacco
Sears Roebuck
Southern R
Television Programs 8 00 Leave to Beaver 3 Big Record
Schedule snippet lists an 8 00 air time for Leave It to Beaver followed by listings for three big records. Not enough context to confirm programs or episodes.
Dow Jones Averages Report and Market Figures
Stock market snapshot shows the Dow Jones averages with Industrials at 459.28 current, 453.84 prior, and 451.78 previous. Rails around 100.73, Utilities near 7716. The Stocks index at 16.46 with volumes listed as 590,000 at noon, 1,060,000 previous session, and 2,199,000 total.
MENTIONED IN THIS ARTICLE
Leoves
Chemical Industry Maintains R&D Spending Amid Slump
New York reports show the 23 billion dollar annual chemical sector keeps about 500 million dollars in research spending this year despite a recession. Drug makers gain sales and profits while nondrug firms post first quarter profit declines. industry plans 2.5 billion dollars for new production facilities in 1958 and 1959.
MENTIONED IN THIS ARTICLE
Sam Dawson
New York
Commerce Department and
Securities and Exchange Commission
South Central
South Atlantic
Chemical Week
Phrmaceutical
Eisenhower addresses news conferences and 1960 GOP race
President Eisenhower discusses the 1960 Republican nomination, saying the party will pick a strong candidate and denying grooming a successor. He compliments Nixon as a friend and notes he keeps him informed, while noting that some news questions irritate him and that he aims for candid, informal exchanges at conferences.
MENTIONED IN THIS ARTICLE
United
Tothet
Pepe
Nixon
Eisenhower
Edward Folliard
Washington Post
Folliard
Minor Flooding Expected in Eastern North Carolina
The U.S. Weather Bureau in Raleigh forecast only minor flooding on rivers in Eastern North Carolina after recent rains. The Neuse and Cape Fear were set to crest near bankful levels, with Neuse at about 16 feet and Cape Fear near 37 feet, affecting navigation locks at Elizabeth town.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
U.S. Weather Bureau
Neuse
Cape
Thankful
Dan River
Roanoke
Smithfield
Cape Fear
Fayetteville
Elizabethtown
Bureau
Elizabeth
U.s.corps of Engineers
Noted Chemist Kills Wife And Himself
Dr Earl W Flosdorf a 54 year old chemist famed for freeze drying blood plasma and bone powder killed his wife Esther 50 with a shotgun in their Bucks County home then killed himself in his den as their 12 year old son William watched The double tragedy ended after a quarrel that led to the wife leaving the house police said Lamb ruled the deaths murder and death by own action.
MENTIONED IN THIS ARTICLE
Doylestown
Bucks County
Earl W. Flosdorf
Pon Flosdorf
Esther
Ene
Flosdorf
William
Dr. Flosdorf
Lamb
Chain Letters Trigger Savings Bond Run in Fayetteville
In Fayetteville North Carolina a chain letter scheme sparked a bond rush as residents bought twenty five dollar savings bonds vying to reach the top of the list. Local banks report unprecedented sales with some running out of bonds and banks halting sales to chain letter buyers after contacting the Federal Reserve in Richmond.
MENTIONED IN THIS ARTICLE
Fayetteville
N.C
Darlington
S.C
First City Bank and Trust Co
Commercial and Industrial Bank
J. B. Julian
First Citizen Bank
Federal Reserve Board
Richmond
Egypt Unfreezes Assets in U S Ties To Suez Deal
The Treasury announced the release of about 30 million dollars of Egyptian assets frozen in the United States since the Suez crisis. A Rome accord with the United Arab Republic and the Suez Canal Co settles the dispute over the canal seizure, with UAR to pay around 82 million dollars for the waterway and facilities in Egypt. The canal company retains assets outside Egypt and U.S. actions align with State Department guidance.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Treasury
State Department
United Arab Republic
Suez Canal Co
Egypt
Canal
Rome
Syria
United States
Seaman Missing After Surf At North Island Beach
Navy reports William Eddie Morris of Enfield North Carolina missing and presumed drowned after companions could not reach him in heavy surf at the North Island Naval Air Station Beach. Morris served aboard the aircraft carrier Bennington and was last seen when ordered from the water.
MENTIONED IN THIS ARTICLE
San Diego
Calif
Navy
William Eddie Morris
Railroad St
Enfield
N.C
North Island ‘Naval Air Station
Morris
Bennington
Three Brothers Held In Shooting Near Charlotte
Three brothers from Valhalla South Carolina were arrested after a service station attendant was shot at and chased by three men who fled without paying. Police stopped the fleeing car on US 74 near Belmont and recovered a vehicle with South Carolina plates.
MENTIONED IN THIS ARTICLE
Charlotte
South Carolina
Jack Norman Chastain
Harold L. Chastain
Melvin Chastain
Valhalla
S.C
Mecklenburg County
Belmont
Here
Charlotte and
Australia Leads With Record Sheep and Cattle Counts
Statistics at year end 1957 show Australia with 149.8 million sheep and 17.26 million cattle. Pigs total 1.325 million and horses 737,000, underscoring the nation’s large livestock herd.
MENTIONED IN THIS ARTICLE
Australia
Also Mentioned on This Page
Business and Hiatt Ratty
America Bank Insurance Industria
J. Sturgis
MAY & Ra
Wfmy-Tv
Greensboro
Public Defender
Douglas
Wsjs-Tv
Winston-Salem
Real McCoys
Boe
Dayton Tires
Hughes Tire Service, Inc
Hughes
North Main
Wsls-Tv
Uncle Looney News
Tote Airelay
Jack Paar
RCA Victor
Dumont
Admiral
Television Sales & Service
North Main ST
Wunc-Tv
Chapel Hill
Channel
High Point
Redford Sales CO
Carolina Tri-City Termite CO
N. Wrenn ST
Rudence Anot
Wsoc-Tv
Playboys
News
Doug Edwards Gray
Pat Boone
Dow-Jones
Rache & Co
Business Mirror
Wife
Toff
Rainey Furr
Star Lite
Open Air Rink Ladies’ Breakfast Club
Star-Lite Skating Rink
S. Main St. Ext
Lfina Os
Sopage
P. O
Burlington, N. C
George
Montgomer
Para
Rasa Proctor
Trucolor & Republic
Clark Gable
Burt Lancaster
Gene Raymond
Archdale Gil
Rock ‘N’ Roll King
Tommy Sands
Lili Gentle
Midway
Doris Day
Eleanor Parker
Paramount Presents
Nani Anthony Quinn
Anthony Franciosa
Hal Walls
Enesen
Tan
Merry Jandrew
Hell
Stevensee
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