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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 13, 1959
Page
2
A rain forecast covers eastern Texas and a band northeast to southern Missouri with snow expected in the northern Lakes and Appalachians and central Rockies. Rain showers possible along the Washington coast. western regions colder and the South East warmer.
AP dispatch notes six cities will bid January 19 and 20 for the 1960 Republican national convention. Des Moines hosts the site committee with bids from Philadelphia Miami Beach and New York on the 19th and Chicago Los Angeles and San Francisco on the 20th. The committee reports back January 22 and 23.
Television listings item noting George Burne Rob Cumminbs and Jack Paar on Channel 10 at 9. Program details appear in a brief schedule line.
North Carolina shows partly cloudy to mostly sunny skies with mild afternoon highs in the 50s to 60s and mountains peaking in the 50s. Rain becomes likely tonight into Wednesday especially in the mountains. lows near 40 and cooler east of the mountains. South Carolina sees cloudy tonight with lows around 36 to 46. Wednesday brings more cloudiness and a chance of rain or drizzle in the northwest portion. Rhode Island approves Decoration Day as a legal holiday in 1874.
A West Coast realtor challenged advising a young man to reduce a $4000 mortgage payment by shifting funds into securities. The column argues cutting the burden by about $25 monthly and investing $300 a year in growth stocks offers a twofold gain: lower fixed costs and growth potential, with inflation considerations noted.
New York stocks slid modestly in early trading as losses edged from fractions to about a point. The market was mixed with gains in airlines, mail order, retail and electronics while steels and rubbers mostly fell. Notable movers included American Telephone down about 3 points and U S Steel halving a prior loss. several blue chips listed with 1 p.m. quotes from Bache & Co. show varied fractional changes.
Quotations compiled at 11 a.m. today by J. Sturgis May & Company include Marietta 45 to 47 percent, Billups Petroleum 8 percent, Colonial Stores 27 to 28 percent, Commonwealth Life 27 to 28 percent, Drexel Furniture 24 to 25 percent, Gulf Life Insurance 25 to 26 percent, Jefferson Standard 9 to 9 percent, Piedmont Nat. Gas 28 to 29 percent, Public Serv. of N.C. 9 to 10 percent, Pyramid Life Ins. 6 to 7 percent, Security National Bank 27 percent, Textile Ins. Co. 3 percent, United Ins. Co. 57 to 59 percent, Wachovia Bank 21 to 22 percent.
Prices and totals show Dow Jones averages with figures for Prev 12 noon 1 p.m. and Close. Utilities and Stocks indices listed with corresponding values and trading volume tallies. The data is furnished by Bache & Co and reflects intraday movements across the session.
A list of multiple U S cities with observed weather conditions and temperatures including Albany snow Albuquerque clear Anchorage 8 Asheville cloudy Atlanta cloudy Boston snow Buffalo snow Charlotte fair Chicago clear Cleveland 4 Denver clear Des Moines clear Fort Worth cloudy Helena clear High Point cloudy Indianapolis clear Kansas City cloudy Los Angeles cloudy Louisville cloudy Memphis no data Miami clear Milwaukee cloudy Minneapolis St Paul clear New Orleans clear New York cloudy Oklahoma City clear Omaha unclear Philadelphia not listed Portland cloudy Raleigh fair Rapid City clear Salt Lake City cloudy San Francisco cloudy Seattle rain Tampa clear Washington clear Wilmington fair Missing data marked as M or symbols.
The royal yacht Britannia sails toward Rangoon Burma to ferry Prince Philip on a 16000 mile global voyage. The royal traveler will depart London for New Delhi by air on January 20.
Cotton futures started up 10 to 20 cents a bale in New York with March and May contracts advancing. Quoted prices show steady gains across the forward months with slight retreats in later sessions.
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