Market Rise And Mixed Gains In Early 1959 Trading
Cotton futures opened 5 to 10 cents higher in New York as steel and electronics shares edged up in a generally firm market. United Aircraft led gains after reports of a liquid hydrogen engine test by a United subsidiary, while Jones & Laughlin, U.S. Steel, Bethlehem, Raytheon, and Radio Corp. posted fractional to moderate advances. Airlines and nonferrous metals weighed, with American Motors gaining about a point in the auto group.
MENTIONED IN THIS ARTICLE
NEW York
United Aircraft
United
Jones & Laughlin
U.S. Steel
Bethlehem
Raytheon and Radio Corp
Tobaccos
American Motors
Turbulent Turkey meeting follows Eisenhower note
Stocks show gains for Caterpillar International Harvester and General Electric with mixed results across Dow Dow Jones list. A separate AP report from Los Angeles details a physician Dr Harold N Perelson, 52, who killed his wife Judy 18 and himself after beating family with a hammer amid financial worries. daughter Judy injured and hospitalized.
MENTIONED IN THIS ARTICLE
International Telephone
General Electric
Union Carbide
Du‘Pont
Bache & Co
American Can Co
American Tobacco Co
the Borden Co
Bethlehem Steel
Burlington Mills
Mew Yo Corp
New York Central AA
Cone Mills Corp
Carlie Light & Power Array
Pi Owls
Dow Chemical
Eastern Airlines
Consolidated Edison
Eastman Kodak
Greyhound Corp
Geneva Secuies
Gulf Oil
General Motors
Goodyear Tire & Rubber
International Harvester
International Tel
Standard Oil Co
Jones Laughlin Steel
Johns Manville
Loew's Inc
Future of Humanity
Norfolk & Western Ray
Phillips Petroleum
Bayer
Turkey
Pennsylvania Railway
Pepsi-Cola
Procter & Gamble
Eisenhower
Los Angeles
Nent
Bayar
Ankara
Hammer
Harold N. Peterson
Judy Perelson
Joe
Judy
Marshall Ross
Perelson
Dr. Perelson
Democrats seize on peace issue in partisan capital move
A party critic argues that Republicans exploit the peace issue for political gain, claiming the tactic is deceitful, damaging and dangerous in the current arena.
MENTIONED IN THIS ARTICLE
Pte
Democrat
First Fire Alarm Signals Glendale Fire Alarm
Fire alarm activated in Glendale on Saturday night in the Wolstenholm cellar. The device caused light smoke, with minimal damage and no injuries reported.
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Glendale
R.I
Apparomen Vie Naientaenstenholme
Ie Chao Sas
Omere
W Wolstenholm
Roasting Poultry Technique Prompted by Cooks
Some cooks recommend using a flat rack for roasting poultry. The tip is to place the bird on its back with one breast side down and to adjust midway through the cooking time.
GM Resumes Production of Autos in Major Recall Push
GM restarts auto production for the first time since November 11 and plans to recall about 60,000 more workers by week’s end. Chevrolet’s Corvair leads the return, Cadillac expects its first car off line around 3 45 p.m. Chrysler aims to recall 10 000 of 38 000 idled workers by Wednesday as Imperial Valiant and Dodge lines restart. Industry expects December output near 447 300 cars.
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Detroit
General Motors
Chevrolet
Cadillac
Chrysler
Imperial
Valiant
Dodge
Ford
American Motors
Studebaker - Packard
Race Driver Buck Baker Narrowly Avoids Emergency Landing
Buck Baker of Charlotte NC escaped a forced landing after his single engine Commanche gear jammed near Hartsville SC. FAA traced his distress call to a twin engine plane that guided him to a safe landing while passenger Frances Miller aided the effort. Baker was flying to Charlotte and visited his sister Mrs Mobley at Hartsville. The FAA said smoke likely came from cockpit wiring.
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Hartsville
S.C
Buck Baker
Charlotte
N.C
Baker
Federal Aviation Agency
Florence
Darlington
Frances Miller
Columbia
F. G. Mobley
Mobley
FAA
State Legion refuses to sever ties with 40 & 8 Society
RALEIGH AP The state American Legion will not cut ties with the parent organization and the 40 8 Society. National Commander Martin McKneally said he would withhold comment on the state Saturday by its Executive Commission and is expected back at Legion headquarters in Indianapolis tonight.
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Raleigh
American Legion
Martin McKneally
Legion
Indianapolis
Ind
McKneally
West N C Snow Blanket Hits Western Region
The Associated Press reports a heavy snowfall in western North Carolina for the third time in eight days. Marshall measured three inches while Bryson City had an inch. most roads except U S 25 were slick and chains were required in places.
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Associated Press
North Carolina
Marshall
Bryson City
Asheville
U.S
Charlotte
Greensboro
Raleigh
Wilmington
Old Belt Enters Final Sales Week with Modest Prices
North Carolina Virginia Old Belt opens its last week of 1959 flue-cured tobacco sales with only Danville South Boston and Winston Salem markets active. Last week saw lower quality and light volume but prices stayed near pre Thanksgiving levels. Total sales 5 174 580 pounds averaged 47.31 per cwt. season totals 247 236 987 pounds at 53.40.
MENTIONED IN THIS ARTICLE
Associated Press
North Carolina-Virginia
Danville
South Boston
Virginia
Winston-Salem
N.C
President Eisenhower Draws Inspiration From Pope John XXIII
President Eisenhower paused during his Rome visit for a 27 minute audience with Pope John XXIII. The Pontiff blessed the President and his family, spoke in English, and presented medals to the visitors while noting a coincidence in names. The meeting followed services at St. Paul’s Episcopal Church and a dawn in Vatican City marked by a historic sounding of the Star Spangled Banner.
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Eisenhower
John XXIII
John Eisenhower
James C. Hagerty
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Pope
Woodrow Wilson
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Cicognani
Washington
Pope John Re
John
Violence Kills 12 Persons in North Carolina
At least 12 people died in a weekend spree of violence in North Carolina. A head on crash near Waynesville killed two Sylva sisters, Margaret Franklin 18 and Jean Franklin 16, and eight other victims ranged from 18 to 79 across Greensboro Raleigh Charlotte and other towns. One man was shot in Durham while his estranged wife was held, and in Carthage an elderly man died after a shooting and his son in law Jesse Smith was involved.
MENTIONED IN THIS ARTICLE
Associated Press
Sylva
North Carolina
Waynesville
Margaret Franklin
Jean Franklin
Davis Serans
James Bryant Cates
Greensboro
Cecil Glenn Wiggins
Vanceboro
Miriam W. Corbin
Raleigh
Eisenhower Talks with Ayub Khan in Pakistan Visit
President Eisenhower and Pakistani President Ayub Khan hosted an honor guard and exchanged remarks stressing mutual security and peace. Hagerty noted the President felt well after the event as relations between the United States and Pakistan were framed as strong allies in Southeast Asia politics.
MENTIONED IN THIS ARTICLE
Southeast Asia Treaty Organization
Ayub Khan
United States
Eisenhower
America
Pakistan
White House
James C. Hagerty
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