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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Mar 04, 1959
Page
2
Police continued their inquiry into a break-in at the Big Bear store. Entry was gained by forcing the rear door with a bar or instrument. The safe was carried behind a counter and opened after the strongbox plate and locking bars were pried. Manager Dan Lanier estimated about $100 missing. no other items reported. The incident was reported at 8 a.m.
New York trading opened mixed as profits were taken after a record run. Gains and losses ran to about a point in many leaders. Thiokol fell about nine, General Tire slipped two, Raytheon rose around one, Ford briefly rose then pared gains. American Motors fell, Lukens Steel slipped, while U S Rubber and U S Gypsum inched up.
Cotton futures opened mixed with small changes across contracts. Prices show slight gains for some months while others fall, with notable activity in March May and December positions and several major firms listed in market data.
The Dow Jones averages are listed with Furnished by Bache and Co showing intraday values and a close. Indices include Industrials at 610.81 noon and 610.78 near close while utilities and other sectors appear with varying figures and traded volume at 4,700,900 shares.
The report notes the death of Costello and recalls Abbott and Costello as icons of comedy. It mentions Costello’s final moments and a longstanding partnership defined by the famous Who’s on First routine.
In Hong Kong reports from Ta Kung Pao indicate three top officials attended a conference in Canton's Kwangtung province, with details and context provided by the paper.
A 1939 assembly arrival at Southern Railway station after a Raleigh to Charlotte journey marked Washington's Birthday observances and a Mecklenburg Declaration anniversary. The 1999 visit was the first assembly trip out of Raleigh, setting a precedent for future sessions addressing metropolitan rural issues.
The article warns that loans due between now and December 31 plus earlier debts amounting to about two billion dollars and a need to raise roughly 10 billion for the year could force the Treasury to borrow short term. It notes 72 percent of the national debt due within a year at end of 1958, rising to 82 percent by December 31 if no long-term loans are obtained. observers fear money supply strain for short-term borrowing in 1959.
Smith was chosen today to replace Howard G Porter as basketball coach at East Carolina University. The move names Smith as the new leader of the Pirates basketball program succeeding Porter.
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