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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 22, 1960
Page
6
New York banks and rail and industrials led a cautious stock market rebound in early trading as light volume suggested limited conviction. Analysts cited solid auto and steel activity, higher car loadings, and new company reports lifting consumer and energy issues while bonds rose and neon stock quotes listed major names across industries.
Retired investor questions tax impact of capital gains and income effects of selling securities. Guidance notes only part of gains taxed at lower rates, depending on bracket, and suggests preserving income by sticking with solid government bonds and annuities. Consider balance of annuity and equities for steady income.
Sandia Corp operates a nuclear lab at Sandia base as a Western Electric subsidiary. however many of the 4,099 telephones installed were made by Connecticut Telephone and Electric Corp, a company with no connection to Western Electric. Officials say the Army installed and maintains the system and had no say over which phones were used.
New York AP reports no trading at the opening for the Dow Jones Averages with mixed figures across listed stocks. Notable quotes include United Aircraft, Westinghouse Electric, U S Steel, American Tel and Texas Co with varied percentages shown alongside other firms such as J P Stevens, Union Carbide and Woolworth.
Forecast for the Carolinas and Georgia notes cold temperatures with snow flurries in North Carolina and light snow flurries in northern Georgia. Temperatures range from the mid teens to mid twenties, with weekend warming in places like Raleigh and Charlotte and a general rising trend Tuesday and Wednesday.
Rain tonight along the north and central Pacific coast spreads inland as snow in the mountains toward the Great Basin. Snow also likely in the northern Rockies and Appalachians with flurries around the Great Lakes. Warmer in the southern Plains and northern Rockies, while the eastern half remains cool.
Listing of paneling options includes 25 board feet of driftwood paneling for a rustic look and 18 board feet of cypress V-joint paneling for outdoor durability. A brief note mentions 20 board feet of another unspecified option.
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