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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 26, 1960
Page
5
The New York market opened with a vigorous buying surge that steadied prices after a sharp Monday decline, with mixed early totals, uneven gains, and losses across chemicals, steels, motors, oils, and rails. Bond futures rose slightly as traders watched a volatile session and a brief surge followed by renewed weakness.
Quotations are listed for trading at 11 a.m. today by J Sturgis May and Company from the Security Bank Building. The announcement notes standard brokerage procedures and the venue for price guidance.
President Eisenhower notes Gates may misinterpretation and promises clarification. He asserts the US has military power for defense but no intent to use it offensively. Eisenhower defends Gates as a fine civil servant and laughs off Democratic attacks on Nixon, joking about legal eligibility for a future vice presidency.
Market figures show the Dow Jones averages with industrials at 635.46 at noon and 639.60 for the current period. Rails stand around 63.81 with utilities near 86.15 and volume ranges from 600,000 to 2,790,000 shares as trading activity continues across the 18-stock index.
Diana Barrymore died after a life of scandal and revival efforts. She married Robert Wilcox twice and faced arrest for shoplifting with him. She survived a suicide attempt after taking 27 sleeping pills with whisky and later wrote her autobiography.
Hobart T. Steele, vice president and treasurer of Burlington Coffin Co and former Rotary district governor, will address the Burlington Rotary Club about the Christian values of Rotary.
Three traffic accidents were reported with one hit and run. Damage across all three cases totaled 495 dollars. Fairy Harman Ingram was charged with improper right turn after colliding with Lewis Talbert on Mangum Street. Another crash on N Main at Church involved Bobby Fields and Hope Coleman. A separate hit and run damaged William Black Jr.’s car on King Street last Friday with about 85 dollars in damage.
February Reader's Digest reports new studies on sleep loss. It notes that missing sleep subtly impacts the brain and questions whether a single night of extra rest can compensate.
Navy divers plan to enter the Gulf of Mexico aiming to recover what could be the National Airlines DC7B wreckage from the November 16 crash that killed 42. Sonar located the object. experts warn it might be an old ship hulk. The Penguin and Vigor head to the site with 13 bodies recovered so far.
The Enoch Pratt Library will retain items for 60 days for claim. The policy may apply even to a lemon meringue pie stored in an ice box.
In Los Angeles, blind bookmaker Frank Spagnuolo pleaded guilty Monday to violating gambling laws. He kept all betting records in Braille, illustrating his unusual method of running the operation despite his disability.
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