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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 31, 1958
Page
2
New York stocks opened higher in active trading amid cautious gains and uneven moves. The AP 60-share average rose to 183.30 at noon as industrials rails and utilities posted fractional advances while several steel firms announced price boosts and profit-taking occurred on yesterday's gains.
A fragmented TV grid lists Thursday and Friday slots with shows including Qeed Morning Treasure House News What's Cooking For Love or Money and Hunch at various early morning to evening times. The OCR text is partial and lacks full program details.
WSJS TV Channel 12 lists 6:45 PM music program followed by prevue and 7:00 PM Garroway show in a typical evening lineup.
A local feature highlights Roots Queen for Day as WBTV Charlotte Channel 3 presents a modern romance themed program at the Royal Playhouse with Uncle Looney guest appearances. The broadcast blends community roots with light theatrical romance amid audience interactions.
Four bodies discovered in jungle wrecks of a P38 Lightning, B-25 Mitchell, and a Grumman Wildcat in New Britain. Australian air force crews recovered remains from near Brisbane, with one body in the P38 and three in the B-25. A navy Grumman had no casualties. Report to U S authorities pending.
Quotations compiled at 11 a.m. today by J Sturgis May & Company for Securities Quotations from the Security Bank Building. Market figures are provided for various bonds stocks and financial instruments.
The Dow Jones averages show noon and 1 PM closes with the Dow at 504.19, 904.37, and 174.13 respectively. Trading volume is listed as 870,000 at noon, 1,600,000 at mid, and 2,680,000 for the day.
Forrest Teel a top sales executive at Eli Lilly was shot to death in the Broad Ripple area of Indianapolis. A cream and blue Oldsmobile sped away after the shooting as neighbors reported hearing noises like firecrackers. Teel, found unconscious in his car, died at a hospital. police noted a whisky case in the trunk and said motive is unclear. He leaves a widow Mary Elizabeth and a 14 year old son Tom.
A reader disputes a Ford hold recommendation noting a 64 percent cost basis. The columnist explains yield equals dividends over price, so a $2.40 dividend at a $40 price yields six percent, making the prior price irrelevant for current value.
A Seat on the stock exchange grants the owner access to trade on the floor for personal or client accounts. Mr Shulsky will answer questions of general interest in his role.
The Senate approved creating a permanent UN police force by a 66 to 14 vote. The move would establish a force to maintain peace in the Middle East or other areas, sending the measure to the House after tabling a reconsideration motion.
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