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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 22, 1959
Page
9
U.S. stocks moved higher in active trading led by motor aircraft electronics and aluminum shares. Gains extended from Tuesday with leaders adding fractions to around a point while only a small batch of issues slipped. Steel stocks retreated slightly after early gains but remained up overall. Government bonds inched up as 1 p.m. quotes from Bache & Co. showed firming prices.
Cotton futures opened today five to ten cents higher per bale as buyers tracked overall commodity strength. The report lists several major firms in industry and transportation, including American Can Company Allied Chemical and Dye Adams Millis Corporation and Bethlehem Steel among others.
Market figures show Dow Jones averages 291.08 231.15 221 amid trade activity with volumes cited as 640,000 1,270,000 and 1,840,000 shares, indicating varying investor activity across listings.
Defense for Pvt Gordon Thompson seeks another sanity hearing in a life trial at Fort Sill. Prosecution opposes the move as witnesses recount blood splattered clothing found near an auto accident scene seven miles north of Chickasha Oklahoma. Evidence includes a bloodstained Army cook’s uniform found on the highway between Stockton Springs Maine and Fort Monmouth and testimony that Thompson traveled from Fort Monmouth to Maine with Pfc Sherman Clements.
President Eisenhower signaled no tax cut and avoided pledges on civil rights, noting Congress passed a resolution for a proclamation. He praised Bohlen as a key State Department adviser on Soviet affairs and dismissed any immediate plan to name a broader policy adviser.
A pair over 50 weigh starting an investment program amid market volatility. They weigh Firestone preferred for fixed yield and safety against big recent dips. They consider Pacific T. & T. Hershey and others, noting current prices and stock splits while seeking guidance for income and risk.
Funeral services for Rufus Caudle 79 former High Point resident now of Orlando Florida will be held Thursday at 2 30 pm in Sechrest Chapel conducted by Rev C W Buckey of Wesley Memorial Church Interment will follow at Sechrest Cemetery He died at McCoy Air Force Base Hospital after a month long illness arriving in town on the 5 49 train and remaining at Sechrest Funeral Home until services
The defense argues only one agreement existed in the alleged plot to destroy three installations, while the state presses three conspiracy counts. Jury heard testimony that Jarrell may have driven to the sites. editors paused as tape recordings from meetings were challenged as evidence. Local labor strike history tied to Harriet-Henderson mills adds context.
President Eisenhower says farmers face a hard choice on next year's wheat program due to surpluses from the current policy. He notes veto discussions depend on each bill’s specifics and on overall U.S. impact.
Robert McBride II, 19, and Miss Sarah Cellar, 17, of Ashland are engaged but plan to marry after a year of Army service. Both enlisted in Cleveland. Cellar to Fort Meade Meade Fort Meade, Clellan, Ala. and Benning, Ga.
Secretary of Labor James P. Mitchell, named a steel strike factfinder, rises as a potential 1960 vice presidential choice for Eisenhower. He heads a list of ten Republicans considered qualified for future advancement, with Nixon and Rockefeller already named. Mitchell could gain stature if his wage dispute study yields an acceptable settlement, but Catholic background may affect his ticket chances.
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