Cotton and stock market wrap from 1958 High Point Enterprise
In the 4 pm market report from New York the list shows staples and chemicals with varied gains and losses. Cotton futures opened 30 cents lower while a broad set of corporate stocks including General Electric Goodyear Bethlehem Steel and U S Steel posted mixed results.
MENTIONED IN THIS ARTICLE
General Electric
Bache & Co
Gulf of
V Can Co
General Motors
Chemical & Dye
Goodyear Tire & Rubber
American Tobacco Co
International Harvester
Bethlehem Steel
International Tel
Burlington Mills
Standard Oil Co
Chrysler Corp
Jones Laughlin Steel
New York Central RR
Johns Manville
Carolina Light & Power
Loew's Inc
Douglas Aircraft
Norfolk & Western Ray
DuPont de Nemours
Phillips Petroleum
Dow Chemical Sone Pennsylvania Railway
Erie
Pepsi-Cola
Eastman Kodak
Procter & Gamble
Greyhound Corp
Reynolds Tobacco
General Dynamics
Republic Steel
Sears Roebuck
Southern
Southern Rwy. 33% J. P. Stevens Co. 19% American Tel, & Tel. 170% the Texas Co
Union Carbide & Carbon
United Aircraft Corp
Westinghouse Electric Co
U. S. Steel
Youngstown Sheet & Tube
F. W. Woolworth Co
New York
Dow Jones Averages at Noon and Close Summary
The Dow Jones averages show 20 Industrials at 448.70 at noon, 448.58 at 3 pm, and 446.98 at close. Rails trade around 163.99, Utilities about 72.75, and Stocks around 152.06 to 154.20 with volume near 1,000,009 to 2,020,000 shares.
MENTIONED IN THIS ARTICLE
Bache & Co
Security Quotations From Local Securities Centers
Quotations compiled Thursday at 11 a.m. show bid and ask ranges for items like American Marietta Co Colonial Stores Commonwealth Life Gulf Life Insurance and Wachovia Bank. The list notes these figures reflect potential prices rather than confirmed transactions and come from securities centers and regional sources.
MENTIONED IN THIS ARTICLE
American Marietta Co
Finante Grou
Drexel Furniture
Gulf Life Insurance
Standard Lite Inc
Hate & Casualty
X. Telephone Company
Piedmont A
Public Ice
W. C
Pyramid Lite
Security Nationsl Bank
Wachovia Bank & Trust Co
Personal finances show mixed fortunes amid recession
The piece analyzes how Americans’ debt, savings, and incomes diverge as the recession bites. Federal Reserve data show January installment credit at three billion dollars, with auto loans down. Total consumer debt fell slightly from month end but remained higher than a year earlier. The article notes reserves from Social Security and life insurance fund payments totaling about 25 percent of after tax personal income, underscoring cushions beyond government aid.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Detroit
Institute of Life Insurance
Institute
U.S
Nasser Attacks Saud From Page One A
Egyptian leader Nasser accuses Saudi Arabia and allies of plotting a coup in Syria to block the Arab union. Serraj alleges a Saudi plan with bribes totaling millions to back a coup and airstrike, with U.S. and allies named in the plot.
MENTIONED IN THIS ARTICLE
Nasser
Saud
Serraj
Asad Ibrahim
Syria
Ibrahim
Arabia
Syrian
Damascus
Riyadh
Saudi Arabia
Arab Bank
Khalil
United States
Britain
France
Iraq
U.S. 6Th Fleet
U.S
Reds Shoot Down Plane
Reds shoot down a plane and release 26 people, with the event framed as authorized by the People’s Republic of Korea. US Embassy and West German representatives signed for their nationals. The captives were taken by bus to a UN base camp for medicals as two American pilots, Willis P. of Vallejo, and Lt. Col. Howard W. McClellan of Buchanan, Mich., were reported in perfect health.
MENTIONED IN THIS ARTICLE
People’s Republic of Korea
North Korea
UU. S
Legation
U. N
The
Zone
Willis P
Vallejo
Calif
Air Force
Howard W. McClellan
Buchanan
Mich
Ex-convict fined as city covers costs of return to Brooklyn
Esteban Quinones, 42, released Tuesday from a Milan Michigan prison after a three year term for seditious conspiracy tied to a 1950 plot against President Truman. He was fined $20 in Gamblers Court for possessing policy slips, with travel expenses for three officers bringing him back to Brooklyn totaling about.
MENTIONED IN THIS ARTICLE
Esteban Quinones
Milan
Mich
Harry S. Truman
Quinones
Michigan
Brooklyn
Brown Senior Falls Ill After Seekonk River Swim
James C. Furlong 22 from Chicago, a Brown University senior, swam 100 yards across the Seekonk River and was found on his hands and knees calling for help. Patrolman Walter Cook carried him 500 yards to a hospital for immersion treatment. police say the swim may have been in a daze connected to a girlfriend.
MENTIONED IN THIS ARTICLE
Providence
James C. Furlong
Chicago
Brown University
Seekonk River
Furlong
Walter Cook
Hydroelectric Projects Review Ordered in Carolina Rivers
The Federal Power Commission will review examiner Glen R. Law's recommendation on North Carolina's Yadkin and Pee Dee hydro projects. He urged parallel 50 year licenses for Carolina Aluminum Co. and Carolina Power & Light Co. CP&L plans expansion near the Tuckertown area alongside the aluminum development.
MENTIONED IN THIS ARTICLE
Washington
Fedeal Power Commission
North Carolina
Yadkin
Pee Dee
Glen R. Law
Carolina Aluminum Co
Badin
Carolina Power & Light Co
Raleigh
Carolina Power
Carolina
Tuckertown
Flowers Sent To Atlanta Prison After Contempt Conviction
Percy Flowers a Johnston County merchant farmer was transferred to the federal prison at Atlanta to finish a year and a day sentence for contempt of court. He was driven there by two Georgia marshals, handcuffed and in restraining chains. Flowers 53 was given an 18 month federal term for contempt arising from remarks to a Negro ATU agent during his liquor law trial. the sentence was cut last week by Judge Don Gilliam. He had served 27 days in Wake County Jail and will later serve an 18 month state term.
MENTIONED IN THIS ARTICLE
Raleigh
Percy Flowers
Johnston County
Atlanta
Flowers
Auto
Georgia
ATU
Don Gilliam
Wake County
Farmers Spend As Much On Fuel As Farm Machinery
Farmers expend similar amounts on petroleum products and on farm machinery, highlighting high energy and equipment costs impacting agricultural operations.
Explorer Il Satellite Launch Omitted by Moscow Papers
Mos cow and Soviet newspapers did not report this morning on the United States launching its second earth satellite Explorer II. The silence contrasts with American press coverage and hints at editorial restraint or official censorship.
MENTIONED IN THIS ARTICLE
Moscow
United States
Eight Koreans Face UN Bus After Plane Seizure
The UN Command says eight Koreans from an air liner remained in the Communist North while seven Red agents and the child of one of them were identified by South Koreans as hijackers aboard a Korean National Airlines flight from Pusan to Seoul. Maj. Chung Moo Yung confirms the seizure and reports injuries to himself and another Korean during the struggle.
MENTIONED IN THIS ARTICLE
U. N
Korean National Airlines
Pusan
Seoul
Chung Moo Yung
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