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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 28, 1957
Page
5
A prominent official is dismissed amid reform talk in Washington. The speaker criticizes spending in underdeveloped countries, accusing profiteers and politicians of waste while agriculture and industry suffer. He warns against placing atomic bases near national shores, arguing no moral right to plant them far abroad.
Reconstruction claims describe Bedwell leading police and witnesses through scenes tied to the girls deaths near Willow Springs woods. Authorities seek a second man named Frank and press for grand jury murder indictments once he is found.
Steels motors and aircraft shares led declines as the stock market eased in moderate trading. The Associated Press average slipped about 70 cents, with industrials and rails down while some issues rose. Traders cited mixed economic and international news and a tentative mood before any sustained upturn.
New York cotton futures gained one to seventy cents per bale amid mixed demand signals and broader market jitters. Traders watched weather, crop reports, and export pace for guidance today.
The Dow Jones averages are listed with industrials at 476.12 and 478.34, rails at 248.79 and 248.43, utilities around 70.69, and 70.67 to 70.68, with stocks near 169.20 and 169.07. Trading volume shows 290,000 at one point, 720,000 at another, and 2,010,000 overall.
The Atlantic Coast Conference rejects North Carolina State College request for an open public hearing in the Jackie Moreland recruiting case and will continue its independent investigation. ACC chairmen say no new form of inquiry until the current probe concludes. The NCAA accuses Moreland of gifts and promises as part of recruiting violations tied to State University and the West Raleigh campus.
President Eisenhower calls for emergency federal grants to reduce the school room shortage, urging quick Congressional action. He emphasizes state and local responsibility, needs-based grant distribution, and a plan to match federal funds with state contributions after year one to support school construction.
Utilities lead the market with steady growth and rising stock prices while industrials and rails lag. Public utility earnings show gains over 1955, totaling 371.6 million after taxes for 31 companies, a 9.6 percent increase, as power demand grows with postwar population and changing consumer habits.
Laboratory tests claim St Joseph Aspirin acts faster than competing products and starts its ingredient action quickly. The age old pain reliever is marketed as gentle on the stomach and trusted by millions. 100 tablets cost 49 cents and it is described as the world's largest seller.
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