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This newspaper page contains 12 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 30, 1958
Page
11
Industrials drift to slowest pace of the week with mixed results across sectors. Major issues ease modestly while notable gains occur in Republic Aviation and General Dynamics as traders cite technical activity and profit taking amid a two week climb.
The column advises a 33 year old to shift from active trading to steady growth stock or mutual fund purchases. It cautions against overconcentrating in a single company or cyclical industries, and suggests converting cash into high grade corporate convertibles while gradually investing in securities. It notes that dividends are not the sole path to return and highlights voting rights of common and preferred shares.
Perry Cartwright identified as business manager of a Chicago publication circulated to Southern whites who oppose racism. He and Feldman claim First and Fifth Amendment rights with counsel Rev C Ewback Tucker of Louisville. A New York official testified on Communist propaganda flow to the region. Mrs Mitchell Saba, Roanoke secretary, says she was fired for opposing publicity over her upcoming committee appearance.
A. E. Washington Street knife incident left Arvil Kersey with multi stitch injuries to the upper arm as Terry L. Walker of Elm Street faced a $200 bond for court on Monday. Other cases include William C. McWhorter and a Jamestown man charged with assault, John Gray charged with forcible trespass, Jackie D charged with trespassing, a Biltmore Hotel guest charged with a worthless check, and James B. Wilson accused of passing the check at a restaurant.
President Eisenhower signs legislation placing space research under a civilian agency. The new unit will reorganize and expand the National Advisory Committee on Aeronautics. Hugh L. Dryden is expected to be named administrator at 22500 dollars yearly. Defense retains military space projects with an eight member advisory council.
In Howell Michigan a thief stole two new tires from Mrs. A Wall's car and replaced them with two old tires. Authorities investigate the incident and seek lead on the suspect.
The Kefauver subcommittee criticized steel buyers costs as prices rise at a measured pace. Armco reported first half earnings of 20.96 million dollars, 17 percent lower than the prior year, with plant utilization at 60.8 percent versus 93.2 percent in 1957.
The Marine Corps League will meet at 7 30 this evening in the county basement, announced by Commandant Dunbar. Membership has grown to about 20 since organizing began a few weeks ago, and former Marines are urged to attend or contact the group afterward.
The Dow Jones averages list 30 industrials at 499.26 at noon and 501.38 at close, 20 rails at 130.61 noon and 130.54 close, 15 utilities at 79.49 noon and 79.58 close, and 65 stocks at 172.66 noon and 173.18 close with trading volumes shown.</s>
New York AP reports cotton futures edged higher by five cents per bale with prices near 95 cents for the session. Trading opened mixed with notable quotes across several delivery months and settlements around mid 30s to low 36s.
Rebels attacked the palace prompting a government response as seven attackers died in the yellow stucco barracks. President Duvalier, in army uniform, rallied the nation denouncing the coup and pledging justice. Three former army officers named in the incident were identified.
Opening day Georgia Florida flue cured tobacco sales total 9,951,660 pounds at an average 56.43 per hundred, with Georgia receipts 18,352,094 pounds at 56.32 and Florida 1,599,566 at 57.90. Total value 5,615,975 dollars. Prices rise across all grades versus last year, with highs from 10 to 68 per hundred.
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