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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 30, 1959
Page
10
New York prices moved narrowly in moderately active trading as the market showed a firmer bias. Gains and losses stayed fractional to about a point with Sperry Rand rising about a point amid a late ticker tape.
Cotton futures opened 5 to 20 cents higher while radio stocks edged up and tech firms like Philco Raytheon held firm. Zenith fell on continued profit taking as Thiokol Texas Instruments slipped. Du Pont and Pfizer rose modestly. General automakers nudge.
The 1 pm ticker shows closing and opening figures for major stocks including American Can, Allied Chemical, American Tobacco, The Borden Co, Bethlehem Steel, Chrysler, Dow Chemical, General Electric, General Motors, Goodyear, Sears Roebuck, and others. Shares of DuPont, Eastman Kodak, Philip Petroleum, Procter & Gamble, Reynolds Tobacco, and Standard Oil listings appear with varied percent changes and price points.
Quotations compiled at 11 a m today by J Sturgis May Co Security Bank Building furnish the data for the securities market brief.
Readers ask how to secure $100 a month in retirement with $20,000 to $25,600 in securities. Advice covers utilities, retail, railroads, common stock, convertible securities, and timing. The column notes the need to start now, even in a rising market, and discusses endowment policy implications and stock checks.
North Carolina legislators debate requiring the governor to present proposed budget figures 30 days before sessions. Rep B I Satterfield argues this aids planning. Rep Hubert Humphrey files two speeding bills setting prison terms over 80 mph and making such speed prima facie evidence against the owner.
Plant manager sought for a North New Jersey facility producing tables and home furniture. Requires experience in production woodwork management and case goods, overseeing about 150 workers. Respond with experience availability and salary requirements to The High Point Enterprise Box No 17.
In Richmond Virginia three more white youths faced charges related to a Sunday shooting. Robert Jerald Kenney 17 saw bond raised to 5000 after felonious assault counts. five others remained held on 2500 bonds as accessories before and after the fact. A 19 year old Richmonder turned himself in to Norfolk County police and admitted being with the group but said he did not know their plans or that anyone was hurt.
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