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High Point Enterprise in High Point, North Carolina

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This newspaper page contains 11 articles. Subscribers can read the full text of each article.

Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Jul 28, 1958

Page

3

Stock Market Mixed as Copper Rise Pauses and Profits Take Hold

New York stocks opened higher in a mixed session with heavy volume. Key issues showed fractional gains and losses as investors booked profits after last week's surge, with chemicals and steels uneven and aircrafts edging higher. The Associated Press index stood at noon down modestly as rails and utilities eased. Major names referenced include Kennecott Anaconda Phelps Dodge General Motors Schenley Allied Chemical Du Pont Firestone Lorillard Gulf Oil Royal Dutch and Union Carbide.

New York Kennecott Anaconda Phelps Dodge General Motors Schenley Allied Chemical du Pont American Cyanamid Firestone Loril- Gulf Oil

Dow Jones Averages At Noon And One PM

Pree Dow Jones figures show Clore Industrials at 30102 with 0.96 gain and 7 cents. Maile trades around 19095 at 91.08 and 19086 at 173.23 with volumes cited as 720000, 1490000, and 4430000.

Clore Industrials

Ohio State confirms strong signal from Explorer IV satellite

Strong signal from Explorer IV is detected by Ohio State University’s radio observatory directed by Dr. John D. Kraus and by the university’s antenna laboratory as they track the satellite.

Columbus, Ohio Ohio State University Radio Observatory John D. Kraus Ohio State Antenna Laboratory

Investment guidance on dividends warrants and stock values

A reader aged 67 seeks 1200 yearly dividend income with 5000 available to invest. Advice covers higher yielding stocks like railroad or retail, warns warrants are speculative, notes book value limits for growth stocks, and explains Stock Ahead orders on the exchange.

General Motors Westinghouse Standard of Indiana National Biscuit Con. Edison Massachusetts Investors Trust Union Pacific Southern Pacific Santa Fe Great Northern Macy's Gimbel's Federated

Taxi Driver Returns 2300 to Relieved Club

In Washington AP Melvin James, a taxi driver, picked up a woman, let her off at a bank, then found a purse with 2300 dollars on the back seat. He located the woman who said the funds belonged to her recreational club. She was flustered and did not recall the cab.

Washington Melvin James James

Cotton futures dip at open amid weak demand

New York oats report shows cotton futures opening lower by 65 cents to 3.00 a bale as markets respond to unsettled trade and shifting demand. Prices listed for December March May and October contracts show declines from previous closes.

NEW York

Bulls feel business turn here amid inflation fears

Bulls see inflation fueling growth as stock prices near record highs and corporate earnings show mixed signals. They point to defense spending and Middle East tension boosting deficits and wage pressures, while bears expect a renewed market downturn despite signs of recovery.

Sam Dawson AP Business News NEW York (Ap Middle East Khrushchev Bulls Associated Press

Air Force Names White as Kincheloe Replacement for X15 Flight

Edwards Air Force Base moves forward with the first Space Flight plan naming Capt. Robert M. White as Kincheloe’s replacement on the X15 project and Capt. Robert Rushworth as backup. Kincheloe died in a F104 crash during testing. Memorial services set at Edwards with burial at Arlington National Cemetery.

Secretary of the Air Force Kincheloe Mojave Desert White Robert Rushworth Norridgewock Maine Germany Arlington National Cemetery

Dirty Bomb Debate Hinges On Point Of View

Secretary of Defense McElroy testifies that switching to surface bursts makes fallout dirtier in local areas while total fallout stays the same. He notes bombs modified for ground level explosions target heavy fortifications and that no salted bombs are being pursued.

Washington McElroy Pentagon Congress Senate House Atomic Energy Committee Sen Clinton P. Anderson Lewis Strauss Atomic Energy Commission Sver Richard B. Russell D. Ga Defense Department AEC

Shuford Withdraws As Nominee

Shuford withdraws as a candidate amid illness described as a stroke or blood clot. Family statements note a minor operation and public reports prompt criticism from the Franklin Press and Western North Carolina Press Association. The Asheville press and editors cite reliance on doctors for illness details. The 12th District Democratic executive committee set to meet to select a replacement.

Shuford Ford Rollman Claude Ramsey Asheville 12Th Congressional District Democratic Executive Committee Rep. Shuford

Satellite Off To Spectacular Start

CAPE CANAVERAL FL. AP The world s newest satellite Explorer IV begins a five year space journey after a flawless first 36 hours on the Jupiter C rocket It carries four instruments to measure space radiation and will relay data constantly for two months ahead of manned lunar missions.

Cape Canaveral Fla U.S Earth Pedancy Navy Ort Moon Planets

Also Mentioned on This Page

Royal Dutch Loew' S Inc Norfolk & Western Phillips Petroleum American Tel. & Tel The Texas Co Union Carbide & Carbon Electric Zett N. Main ST Dow-Jones Investors Guide Shulsky Close Odks Coscecascesste Broad and Edgeworth Sloop’s Business Mirror the Waldorf Astoria Lpitals Lapitals Niagara Falls Circle Wonder City Capital Airlines Tour Dept Broadway Airport Greensboro N. C the Waldorf New York-Niagara Falls Circle Nash Jewelry Co
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