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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 24, 1958
Page
2
The cotton market opened with futures showing small moves in New York with front months Sagging from 36.06 to 37.13 while May and December show modest gains and losses. The report notes a museum exhibit of ancient and modern automobiles in Kantstadt near Stuttgart Germany.
A Reader's Digest July article reports a six month shift in cigarette composition study of 31 brands showing 28 changed nicotine and tar levels with nine improving, three worsening. It pitches readers to compare their brand before buying another pack.
The Dow Jones averages show mixed movement with the Industrials at 469.54, 460.28, and 471.66 in the cited columns. Rails and Utilities figures appear unclear. overall volume listed as 20,000 to 2,240,008 with a large traded block at 162.35.
Listed in a TV guide entry for a 7 30 program titled Name That Fuse featuring Mr. Adame and Eve as the on air participants in a likely game or quiz show segment.
The New York stock market edged lower in early trading with many leading issues down fractions to about a point. American Motors led declines but American Motors briefly recovered, while American Tobacco and Raytheon posted gains. Vanadium cut its dividend and dropped, and major automakers dipped. The AP average fell about 90 cents to 172.00 as industries and rails declined.
South Carolina Democrats show strong turnout in the decisive governor race between Lt. Gov. Hollings and Spartanburg attorney Donald Russell. Early results favor Russell in some counties while Hollings leads in his home area, with 377000 voters having participated in the first primary.
Washington AP Republicans said President Eisenhower and Secretary of Defense McElroy did not intend any threat of retaliation against Admiral Arleigh Burke for criticizing the defense reorganization plan. Senate Leader Knowland and GOP Chief Martin announced at a post meeting news conference that no rebuke was meant, while McElroy clarified his remarks.
Regional data indicate a 9 percent drop in express and freight miles flown as two airlines faltered, while freight car shipments fell 10 percent in the quarter. Four of seven states posted gains in cash farm income through February, narrowing regional decline to 1 percent. Cash receipts neared half a billion dollars as poultry production climbed 11 percent to 183,784,000 birds.
Mexico City marks the cleanest day of the year as St John the Baptist Day brings rituals of dunking in pools open around the clock. Local pools stay open through the day as residents participate in the tradition.
Senators John F. Kennedy and John Sherman Cooper spoke at concurrent meetings of the Tobacco Assn of the United States and the Leaf Tobacco Exporters Assn in White Sulphur Springs West Virginia New presidents were elected for both groups J D Palmer of Wilson NC leads the Tobacco Assn and Louis N Dibrell Jr of Danville VA heads the Leaf Tobacco Exporters Assn Speakers warned of a bleak outlook for farmers unless acreage allotments rise and prices fall Raymond A Soanes acting administrator of the foreign agricultural service said U S leaf prices rise as world production grows threatening exports
Acting Governor Paul Cannon says he will request federal action to address a mounting unemployment situation in the Butte area, calling the condition nearly a disaster. He did not provide figures on area joblessness.
Henry Newson 76 told police he was picked up by a motorist in downtown Houston and driven about 200 miles to Corpus Christi. He said he aimed for his home near Lyons Street after passing the pension office on Corpus Christi Street. Police found friends in Houston who agreed to drive him back.
Dr. Herbert Moscon of Massachusetts Memorial Hospitals says 60 state prison inmates agreed to assist in a medical research project studying acne, a skin disorder common among teenagers, at Walpole.
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