Motors lift stocks after six day decline in New York market
Motors paced a moderate early recovery as the market rose from a sharp six day drop. Industrials led gains with a broad advance across steels oils rails and chemicals while forecasts highlighted Detroit’s auto output reaching a weekly high since December 1935. The AP average stood up 70 cents at noon with notable shifts in bonds and major names listed.
MENTIONED IN THIS ARTICLE
New York
Motors
Detroit
Federal Reserve Board
Wall Street
Associated Press
U.S
Bache & Co
American Can Co
Unseasonably Warm Weather Grips North Carolina
The Associated Press reports North Carolina experiences record warmth with Charlotte reaching 75, Greensboro 73, and Raleigh Durham Airport 74. Officials say temperatures will stay mid 60s statewide into Friday with a cooler northeast edge and another warm Saturday forecast.
MENTIONED IN THIS ARTICLE
Associated Press
North Carolina
Charlotte
Greensboro
Raleigh-Durham
Asheville
The
Mercury
Brando Allowed Twice Weekly Visitation at Home
In Santa Monica Marlon Brando, 35, is authorized to visit his 18 month old son, Christian, twice a week at Brando's home. Ex wife Anna Kashfi, 22, and Brando expressed satisfaction with Judge J Allen T Lynch's decision. Previously visits occurred at Kashfi's home. Tangled disputes over alleged visitation violations preceded the ruling. The decision comes after Brando sought contempt charges against Kashfi, which were dismissed. The Rev Jim McClure spoke to the Sertoma Club on Hamilton Street, outlining the history of the Church of Christ.
MENTIONED IN THIS ARTICLE
Santa Monica
Calif
Marlon Brando
Brando
Anna Kashi
J. Allen T. Lynch
Christian
Kashfi
Jim McClure
Church of Christ
Hamilton Street
High Point Sertoma Club
Rate hearing on gas price hike ends today Raleigh
The North Carolina Utilities Commission nears conclusion of a hearing on a rate increase request by Piedmont Natural Gas Co. to offset a wholesale price rise from Transcontinental Gas Pipe Line Corp. Piedmont serves several North Carolina cities and cites financing needs for expansions. The session wraps today with testimony from company witness F B Muhlfeld.
MENTIONED IN THIS ARTICLE
Raleigh
Aieties Commission
Askment Natural Gas Co
American Marietta
Bilups
Colonial
F. B. Muhl
Commonwealth Life
Eld
Englewood
N.J
Diedmont
N.C
The
North Carolina Assn
Pyramid Life Ins
Security National Bank
United Ins
Wachovia Bank
Piedmont
Transcontinental Gas Pipe Line Corp
Iransco
Muhlfeld
Transco
Winston-Salem
High Point
Charlotte
Selisbury
Spencer
East Spencer
Greensboro
Burlington
Graham
List
Confidence Rises as Consumers Anticipate Higher Prices
The University of Michigan survey finds consumer confidence improving amid expectations of rising prices and stronger finances. People plan bigger purchases, hoping incomes stay robust while price gains prompt earlier buying. Mortgage debt rose through September, with auto and other consumer loans expanding. year end retail sales grew 6 percent over 1958, totaling about 216 billion dollars.
MENTIONED IN THIS ARTICLE
Mar ousenaEne
University of Michigan Survey Research Center
Walt
Northern Trust Co. of
Chicago
Chicago Bank
Opening Cotton Exchange Sees No Sales This Morning
In New York the cotton market opened with no actual sales for 10042 tyres as overnight orders remained active. Traders recalled scarce openings with few sales at the start, a pattern not rare in recent sessions, while quotes showed May and Oct futures fluctuating around the mid thirty cent range.
MENTIONED IN THIS ARTICLE
New York
High Point Men Held For Theft Of Auto
Two High Point men, one a Prisons Department escapee, are jailed on automo b theft charges after being arrested in Canton. Clyde Gibbs Jr. and Hill iard Biddix, both 18 and 24, faced $1,000 bonds. FBI linked another auto theft case to Barnes and McFall in Folkston Ga, with the car later sold for scrap. Additionally two men were jailed on separate assault charges and juveniles held for a YMCA locker theft. a series of local break-ins and smaller thefts are under investigation.
MENTIONED IN THIS ARTICLE
Prisons Department
Clyde Gibbs Jr
Hilliard Biddix
Franklin Street
Canton
Freddie Loflin
E. Green Street
Biddix
Folkston
William Thomas Barnes
Johnso Read
Burl McFall
Federal Bureau of Investigation
Barnes
McKinley M. Overby
Kelly Street
FBI
McFall
Newport
Cara McFall
June Simons
Windley Street
Lindsay Thomasson Jr
Iown
Simons
Willie Johnson
Hilltop Street
Thomasson
Walter Gordon
Daniel Brooks
Main Street
Cuellar
Weather forecast for North and South Carolina and Georgia
North Carolina sees variable cloudiness and cooler conditions this afternoon with highs in the lower 40s to 50s and a chance of rain or drizzle tonight. Friday brings more cloudiness and some warmer showers, while the extreme southeast remains near 40. South Carolina expects cloudy, milder conditions with scattered showers today and tonight, rising to more showers Friday. Georgia is mostly cloudy, warm, and humid with showers Friday, including possible afternoon activity.
MENTIONED IN THIS ARTICLE
North Carolina
South Carolina
Georgia
Liberty Sons Daughters Set Meeting Here
More than 100 members from High Point to Wilmington attend a quarterly Tri County Association, Sons and Daughters of Liberty meeting at Odd Fellows Hall Commerce Street Saturday evening. Mrs Elizabeth Fisher of Durham national councilor will speak. 1960 officers to be elected and installed. a state council banquet is planned for March 19 in Rocky Mount.
MENTIONED IN THIS ARTICLE
High Point
Wilmington
Tri-County Assn
Sons and Daughters of Liberty
Odd Fellows Hall
Commerce Street
Pioneer Council of
Highs Point
Violet Council
Greensboro
Elizabeth Fisher
Durham
Rocky Mount
The Weather to THE ASSOCIATED PRESS
The sun will set today at 5 28 p m and rise tomorrow at 7 30 a m.
Also Mentioned on This Page
Allied Chemical & Dye
American Tobacco Co
the Borden Co
Bethlehem Slee
Burlington Mills
Chrysler Corp
New York Central RA
Cone Mills Corp
Carolina Light & Power
Douglas Aircraft
DuPont de Nemours
Dow Chemical Eastern Airlines
Consolidated Edison Eastman Kodak
Greyhound Corp
General Dynamics
General Electric
Gulf Oil
General Motors
Goodyear Tire & Ruboer
International Harvester International
Tel
Standard Oil Co
Jones Laughlin Steel Johns Manville Loew's Inc
Norfolk & Western Awy
Phillips Petroleum
Pennsylvania Railway
Pepsi-Cola
Procter & Gamble
Reynolds Tobacco
Republic Steel Sears Roebuck Southern Rwy
J.P. Stevens Co
American Tel
the Texas Co
Union Carbide & Carbon
United Aircraft Corp
Westinghouse Electric Co
U.S. Steel
Youngstown Sheet & Tube
F. W. Woolworth Co
Son
J. Sturgis
May & Company
Security Bank Buildinad
Java
Business Mirror
Industri i
Pewnil Feever
Ibusiness
Burtner
Willie Frank Jarrett
Blandwood Avenue
Charles Hamlin
Post Office
U S. Main Street
Nora. Stroud
Russell Street
Dow Jones
Bache & Cotres
Liberty Sons, Daughters
Ibany
Albuquerque
Anchorage
Atlanta
Bismarck
Boston
Buffalo
Cleveland
Denver
Des Moines
I Fort Worth
Helena
Honolulu
Indianapolis
Kansas City
Los Angeles
Louisville
Memphis
Miami
Milwaukee
St. Paul
New Orleans
Oklahoma City
Omaha
Philadelphia
Phoenix
Pittsburgh
Portland
Ore
Rapid City
Richmond
St. Louis
Salt Lake City
San Diego
San Francisco
Seattle
Tampa
Washington
Dinette
Burtner Furniture CO
Green ST
Grenier
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