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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 04, 1958
Page
5
Stocks edged up in active trading with fractional gains in most issues and mixed results for rails and metals. Babbitt rose after signing a promotional contract with the New York City Transit Authority, while U S Steel and Bethlehem Steel showed small advances and iron prices faced skepticism.
SAM DAWSON reports inventories remain crucial in signaling recovery as consumer spending, government purchases, and capital outlays show mixed trends. Business leaders note inventory decumulation may end only after demand strengthens, with steel output rising and policy guidance lacking.
The Dow Jones averages show mixed results with the Industrials at about 468.58 to 468.99 for the day and 468.14 previously. The corresponding data for Pails, Utilities, Stocks, and Volume are listed, indicating varied activity and turnover across sectors.
Charles W. Phillips of Woman's College Greensboro spoke at the Exchange Club on education needs and core American values. He cited human development, inclusive education, and individual potential as essential to national greatness, introduced by Dr. A. E. Sherron. Esker Amos Jr. was named Exchangie of the week for co-chairing a napkin sale, with guests Jarvis Chandler, Lloyd Underwood Jr., and Frank Rideout of Massachusetts. Club president J. C. Roberts led the meeting.
A new remedy named Itch-Me-Not is available at Cecil's Drug Store. It claims to deaden itch and burning within minutes and kill fungi on contact, with touted uses for eczema foot itch ringworm insect bites and surface rashes.
Bud Gamble argues Congress debates a bill to curb gimmicks in car pricing. He notes dealer claims, over-allowances, and free incentives mislead buyers, while honest dealers build goodwill and keep transportation simple.
L. W. Robbins, 70, Route 3, Thomasville, was charged with driving on the wrong side after a wreck about 10 a.m. near Burton's Upholstery on English Extension. His car hit a parked vehicle owned by Ross W. Lackey, causing about 250 dollars damage to each car. The truck involved was undamaged. Johnnie Woolard, driver of the truck, said he signaled to pass on the right and Robbins failed to see it, veering into the middle lane and colliding with the Lackey auto.
Three Army officers were injured at Fort Sill Oklahoma when an Honest John rocket exploded on its launcher. Lt Frederick A Rarapaugh reported placing fuses on the warhead when the device clicked and exploded. The 17 foot missile ignited its motor and zigzagged about 400 yards on the ground.
Police said two in city accidents yesterday caused only moderate property damage. A 6 PM collision at Kearns and Tate involved Johnson and Winchester with damages of 125 and 100 dollars respectively and no charges filed. A morning crash at Chestnut Street and Florham Avenue resulted in Baker and Presnell cited for traffic violations and damage to their cars totaling 100 and 150 dollars.
De Gaulle arrives in Algiers with Salan and Massu reviewing honor guards as Soustelle and Arrighi pass through a mixed reception. He faces colonial resistance to autonomy plans while outlining a three day tour including Constantine Tougart and Oran before returning to Paris.
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