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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 01, 1958
Page
2
Aluminum and copper stocks led a broad market recovery with Alcoa and Reynolds Metals announcing price boosts fueling gains of 1 to 3 points. Copper prices rose at the smelter level prompting investors to bid up metal sector shares while other issues posted modest advances and wide losses capped by uneven early trading.
The Dow Jones averages show mixed gains with oils and aircrafts leading. Alcoa and several chemicals advanced while Bethlehem and Republic Steel eased slightly. The Associated Press 60‑stock average rose to 183.30 at noon as Industrials gained and rails and utilities posted small increases.
The Greensboro station WFMY TV Channel 2 airs Movie Hour programming blocks from 11:05 to 11:20 before sign off at 12:20.
Cotton futures opened down 15 cents a bale amid scattered price moves with nearby contracts hovering around 30 and 36 dollars. The list shows varied trading quotes and a mix of stocks and industrials from Goodyear to U S Steel, with several major companies displaying fractional gains or losses.
The AP reports that about 80 percent of corporations posted declines in the first half, with a 32.1 percent drop in profits from 1957. Railroads and autos suffer the deepest losses, while tobaccos drugs foods airlines and utilities show gains. Treasury revenue dimmed by tax losses offsets future earnings.
In Sherman Oaks California authorities report the death of a 26 year old secretary on August 7. The unclear OCR fragment mentions the location and role but lacks full context of the event or cause.
Campaigns narrowed to Buncombe rivals as Rollman and Hendersonville contenders pressed for votes. Rollman, German-born shoe maker now in Waynesville, spent 48000 on his race while Shuford led after medical illness became public knowledge.
Cres cent Limited derailed near Red Oak five miles southwest of Atlanta injuring 20 year old Arthur Fred Jekins of Montgomery Alabama. Officials say the train was traveling slower than usual due to being ahead of schedule when mail bags pinned Jekins to the car. Crew and passengers describe a frightening but orderly incident.
Transfer of Kasper to address pre existing disorders sparked a Tallahassee rally plan. Hackett said efforts were underway to contact Kasper in Atlanta for a meeting, while Kasper supporters from Ku Klux Klan Citizens Council groups learned of the transfer after a secret gathering. Kasper faces six more months in prison on a contempt conviction and may resume work as executive secretary in Washington.
A note identifies Bjorklinden in Sweden as home to the world's most northern golf links. The brief highlights location and notable extreme latitude for golf enthusiasts.
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