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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 29, 1954
Page
2
Pittsburgh report says U S Steel Corp reached a new contract with the United Steelworkers after marathon talks lasting past 2 a m. The Wage Policy Committee planned to act on the board’s recommendation, with figures cited from 8 to 12 cents an hour and a broader package under debate.
Revenue exceeds this year's appropriation by 103 033. Ragsdale cites 25 cent rate yielding 1 177 315 59. County commission aims to keep 70 cent ad valorem tax on 544 million valuation, though final figures not yet in and funding source for High Point schools awaits finalized numbers.
Lamp Promotions Co Inc of High Point was granted a certificate of incorporation by the secretary of state's Raleigh office. Authorized capital stock is $100,000, with subscribed stock of $150 listed by Julian Josephson Roselin Josephson and Stella Kahn, all of High Point.
A 6 7 a m EST total eclipse will darken a broad belt from Nebraska through Michigan with Minneapolis and Chicago among the major cities in the path. Partial views arise elsewhere with varying percentages and a cautioned warning against looking without proper eye protection.
The 79 year old Prime Minister and 63 year old President Churchill concluded their talks with plans to build up spiritual, economic and military strength among Allied governments. Eisenhower and Churchill parted after a 45 minute meeting as Churchill asked for documents to be sent within 30 minutes.
New York stocks show mixed activity at 1 p.m. with numerous blue chips listed including Admiral Corporation Alleghany American Tel American Tobacco Chrysler Coca Cola General Electric General Motors IBM Kennecott Nickel Libby Owens Ford Motorola National Cash Register Packard Radio Remington Rand Seabord Airlines Sears Roebuck Southern Pacific and others trading with varied percentages amid a dense line of ticker figures and activity.
Senators in Washington prepare for a tight vote on the income tax amendment as Republicans push a tax cut funded by a $100 exemption boost while Democrats argue the measure favors the well to the detriment of budget balance. Key lawmakers Morse Langer and Byrd shape the final tally with possible crossovers.
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