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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 01, 1958
Page
5
The New York stock market advanced today adding fractions to about a point in active trading. General Dynamics rose about two points and North American one as defense linked issues attracted demand. Texas Instruments surged nearly six points while instrument makers benefited from the defense program.
Cotton futures open lower by 15 to 80 cents a bale as stocks slide. A list of company percentage changes includes Bethlehem Steel Burlington Mills Dow Chemical General Electric Goodyear Union Carbide and United Airlines among others marking varied shifts from small gains to notable declines.
The Dow Jones averages furnished by Bache & Co show daily figures with noon and night totals. Trading activity includes price movements across listed stocks and volume figures such as 1.420.000 and 4,120,000 shares.
Business forecasters foresee better days ahead for 1959 with the Agriculture Department noting improved overall activity and Prudential and McGraw-Hill economists predicting higher consumer spending, more jobs, wage gains, and increased corporate profits. Residential building activity and housing starts are also expected to rise, while prices for many consumer goods remain restrained in early 1959.
East-West negotiators agreed to begin drafting a treaty on a controlled nuclear test ban though major gaps remain. The British and Americans linked a ban with an enforcement system while the Soviet Union pressed for an initial permanent ban. Western delegates warned a final agreement requires an international detection system.
Miss Mary Ellen Foust 32 of Lexington died at 9 a m yesterday in Rowan Memorial Hospital. She was a Davidson County native and daughter of Mrs Mary Foust Mahala and the late Oscar L Foust. Funeral services set for 3 p m Tuesday at Davidson Funeral Home with Rev Melbourne Farris. Burial in Forest Hill Memorial Park.
Thieves entered Sunline Juvenile Chair Co. at 615 Greensboro Rd and took $450 worth of office equipment over the holiday week. Missing items include an electric typewriter a standard typewriter and an adding machine. The break in was found on arrival this morning and the entry method is undetermined. The plant was easily accessible to intruders and employees had been away for Thanksgiving.
Five earthquakes rattled Southern California Sunday night from Los Angeles to the Mexican border about 180 miles away. Calexico in Imperial County suffered the hardest damage with plaster and canned goods. No injuries were reported as aftershocks followed into Los Angeles and coastal towns from San Diego to San Clemente.
The 102 hour period from Wednesday evening to Sunday midnight saw high highway fatalities and many fire deaths amid a major early snowstorm. States reporting 20 or more highway deaths included New York, Alabama, California and Illinois, while Rhode Island reported no violent deaths.
A pectoral cross is a gold or gold‑plated cross worn on the chest by clerics and bishops as a sign of office and devotion. It rests over the heart and is often part of ceremonial vestments in religious tradition.
A frigid Arctic blast grips the Northeast with temperatures near zero and a 14 degree reading at Mt. Washington New York while western Pennsylvania and West Virginia feel subzero. A warming trend begins to unfold across the Mississippi Valley and Great Lakes after days of snow and wind.
In Thomasville Recorder's Court last month 251 cases were tried with 229 defendants found guilty and 22 judged not guilty or had action not pressed or abated. Recorder's Court Clerk Robert Smith said 11 appeals were made to Superior Court and two cases were bound over to the higher court during November.
Evangelist Billy Graham told 4 H Club members in Chicago that youth should seek world peace through Christ rather than warfare. He urged young people marching for ideologies to instead march for Jesus during a worship service at the farm youth congress.
The federal income tax fraud trial of Maurice Puckett and Braxton Wallace is postponed due to illness of two defense lawyers. The case, indicted a year ago in Greenville, accuses underreporting income and backdating deeds to claim losses. Continuous medical certificates prompted Judge Timmerman to grant the continuance.
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