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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 24, 1959
Page
3
The New York stock market edged lower in dull trading as defense curtailment weighs on aircraft shares and steel leaders trend down. Utilities hold steady as investors seek stability while rails ease and Goodyear and Du Pont pull the industrial average downward.
The Associated Press average of 60 stocks at noon fell 10 cents to 229.80 with the industrials down 30 cents, rails down 30 cents and utilities up 30 cents. Dow components such as North American Aviation and General Dynamics edged lower while Tex-8 Instrument rose about a point and US Steel eased. Government bonds edged lower.
The article argues that annuities provide a guaranteed lifetime income, suitable for elderly investors with no heirs. It notes benefits like avoiding outliving funds, options for regular or lump-sum purchases, and higher payouts for later starts. Details are available by contacting the organization, with Mr. Shulsky answering in his column.
First Lt. William Foley, 25, escaped serious harm when his A4D Skyhawk crashed after an explosion while approaching Cherry Point Marine Air Station. He ejected, parachuted a mile south of the dock, and was treated for minor burns and bruises at Cherry Point hospital.
Reports cite nearly 1,000 cases in two weeks from food poisonings at company outings in Attica and Angola Indiana, Cheyenne Wyoming, Milwaukee Wisconsin, and Cincinnati Ohio. Many hospitalized or sent home. Kentucky tobacco farming numbers noted.
For the first time since 1800 the House of Representatives has no delegate as Hawaii becomes a state. John A. Burns lost his seat, yielding to Dan Inouye, while Puerto Rico remains represented by a commissioner.
Raleigh leader J. Melville Broughton Jr. told North Carolina food dealers in Charlotte that state growth and industrial expansion foretell a bright future. He praised Laurinburg officials for choosing a local plant site and credited citizen spirit for regional progress.
Six honor grade inmates were recaptured at Polk Prison Camp near Raleigh after a Saturday escape. A Spencer police officer arrested six on Sunday night. The group had stolen a car from Raleigh to aid their flight. two inmates remained at large. The prisoners ranged from 18 months to 20 years into their sentences.
A 15-year-old girl was killed by a shot to the head during a youth gang clash on the lower East Side. Ernestine Singleton, 15, was wounded in the leg. Robert Combs, 16, was shot. Luis Santos, 17, was struck in the hip after leaving a movie. A 15-year-old, Luis Morales, said to be a former Forsyth Street Boy, reported being dragged and slugged by five Negro youths. A truce had been arranged previously by an Episcopal minister. About 100 police were on duty. two guns were recovered.
In Minneapolis, Vice Admiral Beakley said the Navy will keep ballistic missile subs at about 40, resisting pushes for a larger fleet. He cited deterrence diversity, attrition protection, and heavy future demands as reasons. About nine subs are on order as the American Legion convention proceeds.
The United States produced about 1 411 000 000 pounds of cheese in 1957, accounting for roughly 11 percent of total milk production.
A Goldsboro pair begins a planned record non stop water ski voyage from Pamlico River to Charleston S C. Linda Thompson and Ceddie Rose aim for 335 miles in 14 hours on one ski each. They will follow the Waccamaw River route, averaging about 2.32 mph, with support from two 17 foot boats. The current two ski record is 325 miles set by Johnnie Lacey.
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