Market slips as railroad layoffs and oil slide temper gains
New York stocks drift lower in early trading with aircraft and missile firms advancing on production hopes while rail and oil shares fall. Major names like Chrysler Ford and Gulf Oil retreat. American Telephone gains, and the AP average sits down about 60 cents as mid day figures show mixed sector moves.
MENTIONED IN THIS ARTICLE
New York
Aonae
Martin
Boeing
Sperry
North American Aviation
Eisenhower
New York Central
New Haven
Central
Chesapeake & Ohio
Illinois Central and Southern Railway
Motors
Chrysler
Ford
Gulf Oil
American Telephone & Telegraph
Associated Press
Intersection Crash Injures 62 Year Old Man
A 62 year old Whiteoak Street man, George E. Meadows, suffered chest injuries in a two car crash at Perry and E Commerce Street yesterday around 2 30 p m. Dewey W. Akins, 40, of Charlotte was driving south on Perry Street and struck Meadows left front as Meadows traveled east on E Commerce Street. Akins reportedly did not see the stop sign. Akins is charged with failure to yield the right of way and must appear in court on Dec 11 night. Damages were $600 to Akins car and $150 to Meadows car.
MENTIONED IN THIS ARTICLE
Whiteoak Street
Perry and
E. Commerce Street
George E. Meadows
Meadows
Dewey W. Akins
Charlotte
Akins
Perry Street
Statesville Boy Wins Scholarship
CHICAGO WD. E. White Jr., a 16 year old Statesville North Carolina high school senior, is named one of eight national winners of $400 soil and water conservation scholarships at the 4-H Club Congress. He runs terracing and strip cropping to curb erosion on his parents 78 acre farm and has renovated pasture and begun timber land care. local leader is Mrs. R F Mason. The awards are funded by Firestone Tire and Rubber Co. Other North Carolina winners named earlier include Clyde Templeton Bertha Lois Ray Preston Cornelius and Leon Allen for leadership clothing field crops and general achievement respectively.
MENTIONED IN THIS ARTICLE
Chicago
WD. E. White Jr
Statesville
N.C
R. F. Mason
Firestone Tire & Rubber Co
North Carolina
Clyde Templeton
Olin
Bertha Lois Ray
Lillington
Preston Cornelius
Troutman
Leon Allen
Roanoke Rapids
Eagle Scout Award Given Nackley Boy
Nackley received the Eagle Scout Rank at a special ceremony before the 9 o clock Mass at Immaculate Heart of Mary Church. Troop 26 attended, Rev. Michael Carey officiated, and Mr and Mrs Albert Nackley were present.
MENTIONED IN THIS ARTICLE
Freed Nackley
Immaculate Heart of Mary
Troop 26
Michael Carey
Albert N
Eagle Scout
Nackley
Freed
Whole-Dollar Accounting Gains Favor in Businesses
SAM DAWSON reports a trend toward whole-dollar accounting where figures are rounded to the nearest dollar to save time and effort. Foundations say savings reach up to 60 percent in posting and 43 percent in checking with minimal impact on overall results. Major firms like Pan American World Airways and Cleveland Electric Illuminating Co. are cited for substantial efficiency gains and report millions of digits eliminated yearly.
MENTIONED IN THIS ARTICLE
New York
Foundation
Controllers Institute of America
Cleveland Electric Illuminating Co
Pan American World Airways
Life Insurance Ad Targets 60 to 80 Readers
An advertisement offers a $1,000 life policy for final expenses. The mail in order form from Old American Insurance Co of Kansas City requires name, address and age with no obligation and no phone call. Detroit area readers are urged to mail to 3 West 9th Dept L3600B Missouri.
MENTIONED IN THIS ARTICLE
OLD American
Kansas City
Old American Ins. Co
West 9Th
Dept
Warren to lead 30,000 Movement for Jubilee Advance
The Rev Dr Cr C Warren longtime pastor of First Baptist Charlotte resigns to direct the Southern Baptist Jubilee Advance 30 000 Movement He will oversee a five year plan to establish 30 000 new churches and missions across the United States from 1959 to 1964 His family remains in Charlotte after 30 years in ministry.
MENTIONED IN THIS ARTICLE
Charlotte
Cr. C. Warren
First Baptist Church
Southern Baptist Convention
Warren
United States
Arguments Set Today In Guy Trial
Santa Monica Calif Wa counsel for 19 year old Charles Lee Guy Ill planned final defense during a second murder trial He is accused of shooting Guy F Roberts 45 Hollywood advertising executive in a motel in August Mrs Nina T Miles testifying said the defendant told her he shot Roberts The defendant denied the killing on the witness stand and was defended by his father Charles Lee Guy Jr of Dunn NC
MENTIONED IN THIS ARTICLE
Santa Monica
Calif. Wa
Charles ‘Lee Guy
Guy F. Roberts
Hollywood
Nina T. Miles
Young Guy
Roberts
Guy
Charles Lee Guy ,Jr
Dunn, N.C
Oakwood Court caretaker apartment gutted by fire
Fire officials reported the living quarters behind Oakwood Court Apartment A were completely destroyed by a morning fire. Cause suspected: unattended oil stove left by occupant William Bryant who tended to duties elsewhere. Two alarms answered with no reported damage at other sites. Alberta Graves and Gertrude Kendall listed as occupants of other locations.
MENTIONED IN THIS ARTICLE
Oakwood Court
William Bryant
Graves St
Alberta Graves
East St
Gertrude Kendall
Kemp Speaks At Elks Memorial Service
Kemp addressed High Point Elks Lodge No. 1155 during their annual Memorial Service held yesterday at 3 p.m. He compared man made miracles to nature’s. Eulogies honored Dr. Walter L. Jackson David W. Stanley A. G. Bingham Win ford J. Little E. A. Wright and Harold L. Ryan read by Holt McPherson R. C. Sawyer C. T. Kennedy James Ellington Robert M. Martin and Homer M. Smith.
MENTIONED IN THIS ARTICLE
Ed Kemp
High Point Elks Lodge No. 1155
Walter L. Jackson
David W. Stanley
A. G. Bingham
Win
Holt McPherson
R. C. Sawyer
C. T. Kennedy
James Ellington
Robert M. Martin
Homer M. Smith
Ramona Harriss
Knox Walker
Aerialist Vernon Liedtke Dies Practicing New Act
Vernon A Liedtke 45 known as the Sensational Orion fell to his death while rehearsing an aerial sway pole act on a 40 foot pole near his Dallas home. Neighbor Hal Pearce reported a man snapped. Liedtke was a native of Robinson North Dakota.
MENTIONED IN THIS ARTICLE
Dallas
Vernon A. Liedtke
Orion
Europe
Liedtke
Hal J. Pearce
Robin
N.D
Twin Sisters Drown In Lake
Twin sisters aged 11, Mary Jane and Hazel Jean Beaman, drowned after slipping through thin ice on a lake near their Antioch home. A boy who saw the break alerted rescuers. bystanders pulled one boy ashore with a rope. The sisters’ bodies were recovered about an hour later.
MENTIONED IN THIS ARTICLE
Antioch
Ill
Thee
Mary Jane
Hazel Jean Beaman
Samuel Beaman
New Tablet Promises Sinus Drainage Relief
A New York report announces Dristan Tablets as a nonprescription remedy claimed to rapidly drain congested sinus cavities and relieve headaches and pressure by delivering medicine through the bloodstream to shrink swollen sinus passages. The 24 tablet bottle costs 98 cents.
MENTIONED IN THIS ARTICLE
New York
N. Y
Whitehall Pharmacal Company
Also Mentioned on This Page
the Texas Co. Union Carbide & Carbon
Dow-Jones
Bache & Co
Prev. Close
Dee
Coves
Jly
Eeeeeeeenenee
Erere
Nackley Boy
Business Mirror
By Sam Dawson
By Monzel
Dr. Warren
Kemp
Elks’ Service
Ford J. Little
E. A. Wright
Harold L. Ryan
Cincinnati - Louisville
Columbus
Wilmington
Charleston
W. VA
Bristol-Kingsport
Johnson City
Roanoke
Paris
Saigon
English Motor Company
Washington & Wrenn Streets
High Point, N. C
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