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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Mar 02, 1958
Page
5
New York March 1 The stock market ended February with a tepid week marked by little excitement yet an overall improvement. The AP 60 stock average fell 10 cents to 159.20 as February declined 3.30 after January's 7.80 rise. Turnover totaled 8,622,580 shares.
Ancient Greeks and Romans held that lightning would not strike certain trees and bays while Indigenous peoples sought shelter under specific trees. Modern science shows such beliefs were symbolic rather than protective, as lightning follows electrical paths and environmental factors rather than mythic protections.
Egypt's land lifts about four inches per century from Nile flood deposition. The valley floor is seven feet higher now than in Cleopatra's era.
Big three day sales conference draws High Point businessmen to Senior High School auditorium March 4 5 and 6. Sponsors include Piedmont Sales Executives and Greensboro Jaycees with experts in motivation research psychology and color use in packaging and advertising. Degree Days plan urges oil dealers to calculate fuel needs by degree days to time fuel deliveries.
A regional industry gathering opens in Roanoke next Saturday and Sunday as SFMA production and cost division meets with speakers from St. Louis Palatka Greensboro High Point Martinsville and Thomasville. The following week SFMA sales and marketing division meets in Winston-Salem with president F J Sizemore Jr and industry officials speaking on markets and trends.
The corporate bond market eased this week as demand waned and utilities led the drag while rails and top grade investments fell. Industrials and foreign dollar liens closed steady. Trading volume on the NYSE slipped to 19.76 billion par value from 22.97 billion prior week. Municipal inventories rose to a record 62.15 million with 58 percent of new issues sold.
Corn futures, pressured by bearish influences, turned点, delivering advances in all contracts over two trading days. The week saw selling pressure with eager buyers, narrowing final losses. Government kept 1958 soybeans loan at 2.09, despite expectations of a cut. 1958 wheat loan guidance discussed. 1958 corn price support not announced.
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