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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 09, 1958
Page
8
The Research Institute of America warns 1959 could bring misreads of optimism. Overordering and inventory buildup threaten small firms if demand fails to meet rosy forecasts. Price rises may lag, retail gains mislead, and erratic indicators call for cautious planning amid a slower recovery.
In New York the stock market rose overall with gains in gas pipeline firms as investors responded to the Supreme Court ruling allowing price increases pending investigation. El Paso Natural Gas and Tennessee Gas Transmission led with over one point gains while Panhandle Eastern slipped slightly. U.S. Steel and Jones & Laughlin gained about a point each as bonds fell.
Three people were injured in an 8:30 a.m. crash at Commerce and Mangum Streets as two trucks collided. James Lee Agner and Wallie Spinks were treated for back injuries, with Spinks also sustaining a skull laceration. Damages included a total loss for the Agner vehicle and a $2,500 hit to Spinks’s truck. Spinks was charged with failure to yield the right of way.
The congressional civil rights panel faces Alabama officials who refuse cooperation while Negro witnesses from Tuskegee Institute testify of ballot denial in Macon County. County registrars balked at testifying and many refused to take oath.
A severe storm drove snow from the Rockies to the Midwest and reached New England overnight. Snow accumulation ranged from a foot to three inches across regions including Ohio River to New York area. Early in the night New England saw over two inches.
In Raleigh the state Supreme Court heard appeals by two Klansmen including Grand Wizard James W. Cole from Robeson County prison terms for inciting to riot after an anti Klan riot near Maxton on January 18. Assistant Attorney General Claude Love argued the assembly was unlawful citing the constitution. Cole and James Martin of Reidsville were sentenced to 18 to 24 months and 6 to 12 months respectively. The case centers on whether a Klan meeting under armed mobilization and a violent dispersal by Indians constitutes incitement to riot. Janet Lake seeks divorce from actor Robert Dix in Los Angeles relations have been strained since 1956.
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