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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 04, 1958
Page
2
The New York stock market inched up in early afternoon trading as defense related issues and aerospace shares rose. Rubber, oils, farm equipment and several industrials gained while steel and metals were mixed. U S government bonds held steady with notable gains seen by United Aircraft, Goodyear and Zenith.
Analysts note broad belief in higher prices persists despite easing inflation fears. Consumers accelerate buying in October while installment debt climbs. auto dealers gain new models but labor costs and wage hikes in autos and coal influence operating expenses. Industries brace for higher costs next year.
Financial bulletin shows Dow Jones averages with figures for several stocks and total volume. It lists grose and set io entries, with values around 146.0 106.10 and 154.05, plus figures for titles and volume near 1.39 million and 3.46 million.
Quotations compiled at 11 a.m. today from J. Sturgis May & Company show bid and ask figures for multiple securities. Notable entries include American-Marietta 39 40 percent, Colonial Stores 26 27 percent, Public Serv. of N.C. 9 10 percent, and Wachovia Bank 18 19 percent.
A widow asks how to cover 75 a week from 30,000 with 5 percent yield. The columnist warns 12 percent targets are risky, suggests home investment or selling to fund rent, and lists conservative five percent stocks. Separate note advises a 40 year old to rebalance from utilities to growth stocks while avoiding speculative, low priced options.
The Associated Press notes today’s sunset at 5 06 p m and tomorrow’s sunrise at 7 15 a m. This brief update provides the daily frame for local plans and outdoor activities.
Snow showers are expected tonight in the north and central Rockies the western Lakes and northern New England with snow turning to rain in the Plains. Rain will spread from the Ohio valley to central Appalachians and lower Lakes with showers along the Gulf coast. Colder conditions prevail elsewhere with sharp drops in the Mississippi valley. Some warming is likely in parts of the chimneys. The Southwest East and Gulf coasts will see little change.
North Carolina: partly cloudy and warmer this afternoon then colder west tonight. Friday partly cloudy with mountains colder, coastal plains mild. Highs 50s to 60s, lows 30s to 40s. South Carolina: fair, interior 35-40, coast 45-50 tonight. Friday partly cloudy and mild highs around 60s. Georgia: fair and mild today through Friday, highs 64-74, lows 38-52. Los Angeles record from 1878 noted as 88 in December 3.
California weather report notes Los Angeles reaching 89 degrees the warmest December day in 80 years and nearby San Gabriel hitting 96 degrees. The report highlights unusually early heat across the region and its impact on daily life.
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