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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 07, 1959
Page
5
Ramseur Furniture Co. produced Forerunner III to furnish a three-bedroom ranch for the American National Exhibition opening July 25 in Moscow. The walnut set with cane accents covers bedroom, dining, and living room pieces and will be shown and sold at the summer market.
At Brandtgenberg Air Force Base California scientists could not determine why Discoverer III failed to reach orbit. It appears the rocket burned up upon reentry while four mice aboard were cremated. The 78 foot projectile launched Wednesday. The Air Force gave the update Thursday.
A June 4 1959 compilation from the National Association of Security Dealers and others presents unofficial bid and asked prices for securities. It notes the quotations are approximate guides and not actual transactions. Origin of any quotation can be provided upon request.
AP writer Cynthia Lowry reports a surge of amateur traders fueling a volatile market with tips and hot rumors. Despite warnings from exchanges and regulators, trading volume rises sharply on the American and New York stock exchanges, signaling growing public risk as a boom continues.
A New York Exchange survey shows about 25 percent of the public discusses stocks daily, up from 9 percent last year, while experts warn the market resembles past cycles only in confidence and speculation. The exchange boosts ads to curb gambling and the SEC vows to study suspicious price swings and potential tape painting.
An investment counselor argues against waiting for lower prices and urges beginning to invest now. He notes markets are at historical highs, but long term, steady, conservative plans outperform market timing. with sufficient funds, start investing today.
U.S. government bonds joined corporate securities in a downturn last week as tight money and higher borrowing costs hit both the federal market and major firms. President Eisenhower, in a midweek briefing, said the administration may seek Congress to raise the national debt limit, lift the treasury borrowing ceiling, and raise U S Savings Bond interest.
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