Stock Market Slumps as Aircraft Shares Lead Broad Decline
New York trading fell amid moderate selling with declines across key stocks. Aircraft makers suffered the steepest losses while overall turnover reached 1.61 million shares by 1 p.m., with several major names like General Electric and Coca Cola showing notable drops.
MENTIONED IN THIS ARTICLE
New York
Siek
Pagette
Leghany Corpora Eeeere
Allied Chemical & Dye
Allis Chaloners Mig
American Canc
American Smelt & Ref
Ainies
Tenison
SAM Allanals
Eastman Kodak
Firestone
General Electric
General Foods
General Motors
Good
Chamber Group Hosting C and D Official for Discussion
The Department of Conservation and Development official Mie Beale Depart will visit High Point tomorrow to join a chamber of commerce session. The Industrial Development Committee meets at 3 p.m. at the Sheraton Hotel to discuss cooperation between the state board and local industry leaders.
MENTIONED IN THIS ARTICLE
Caste
High Point
Chamber of Commerce
Industrial One
Sheraton
Atom Cloud Drifts East After Nevada Test Blast
Wind blown remnants from the latest atomic explosion drifted east across the United States with AEC monitors tracking the cloud. Another portion crossed central California into the Pacific. No danger was reported. Plans proceed for a smaller test at Yucca Flat near Las Vegas. 575 service members evacuated trenches near ground zero minutes after the blast. Upper cloud masses move toward Utah Colorado Kansas Oklahoma and expected to reach North Carolina within 72 hours.
MENTIONED IN THIS ARTICLE
Las Vegas
Atomic Energy Commission
California
Pacific
AEC
Yuccan Flat Proving Ground
Mexico
Utah
Colorado
Kansas
Oklahoma Panhandle
North Carolina
Galbraith urges policy moves to curb market speculation
The article cites James Galbraith’s recommendations including raising margin requirements to cash basis to slow rising prices, and using tax policy to curb speculative tendencies. It also proposes stock accompanying a public education campaign warning amateur investors of risks after rapid gains.
MENTIONED IN THIS ARTICLE
Galbraith
Federal Reserve
Melas
Eam
Identity of Gunman Definitely Established in Wyoming
Mrs. Ida M. Billings of Baldwin Park California identified Charles Ernest Billings Jr. as the gunman who killed two men wounded two others and held a 17 year old hostage before being shot by a posse in Green River Wyoming. Billings had used the alias Melvin H Gray to avoid a damage suit and prison record. Gray confirmed acquaintance but did not know Billings adopted his name.
MENTIONED IN THIS ARTICLE
Green River
Wyo
Wyoming
Ida M. Billings
Baldwin Park
Calif
Charles Ernest Billings Jr
Billings
Melvin H. Gray
Gray
Cole Gray
Six Mile, D.C
Charlies
Thermopolis
Portsmouth
Kemmerer
Southwestern
Wyoming Penitentiary
Claudia Balen
Melvin Gray
Western Wing
Pinedale
Dean Binning
Lawmakers Hear From Citizens On Gov Hodges Tobacco Tax Stance
North Carolina legislators report general public support for Gov Hodges proposed taxes on tobacco and soft drinks over food. Mail, calls, and telegrams show a heavy pro Hodges response, though some lawmakers from tobacco regions note opposition to a tobacco tax remains.
MENTIONED IN THIS ARTICLE
Tar Heel
Hodges
N.catters
Aca Rankin
Bacco Oe
John W. Umstead
Orange
Umstead
W. P. Kemp
Wayne County
Walter Jones
Pitt
North Carolina
Claude Currie
Durham
Carthage Man Elbert Cobb Dies After Crash Off Airport Road
Carthage resident Elbert Cobb died from injuries after a car went off Niagara Road near the Airport and overturned. Authorities reported the accident occurred yesterday and Cobb was among the occupants.
MENTIONED IN THIS ARTICLE
Carthage
Elbert Cobb
Physician’s Bag and Billfold Reported Stolen
City detectives investigated two minor thefts. Dr. M L Aderhoidt reported his medical bag stolen from his car in the 500 block of North Main Street, valued around three dollars with no valuables inside. Margaret Cullen said her billfold left on a wash basin in a local laundry was stolen, containing about $2.72 and papers.
MENTIONED IN THIS ARTICLE
M. L. Aderhoidt
N. Main St
Margaret Cullen
Hoover St
Courage Is Shown By Taylor in War Office Mission
Article recalls Major General Matthew Ridgway’s plan to drop paratroopers near Rome and Taylor’s dangerous behind lines mission with Col. Gardner. They reached Badoglio in Rome and urged against airborne landings, warning of potential massacre. Their actions likely saved thousands of American lives.
MENTIONED IN THIS ARTICLE
Kopoveke Eensien
Rome
Reen
Matthew B. Ridgway
82Nd Airborne Division
Badoglio
Elisenhower
Taylor
82Nd Airborne
Fege Cardiner
Maine
Ustica
Gaeta
Gardner
Eisenhower
Gardiner
Man Overboard Missing Near Lake Lure
Lake Lure searchers continued the three day hunt for 35 year old Frank Gilreath Jr of Asheville who disappeared after falling from a motorboat Saturday afternoon. He sank without a trace while his two companions remained aboard.
MENTIONED IN THIS ARTICLE
Lake Lure
Frank Gilreath Jr
Asheville
Gireath
Exchange Club Hears Inventions Talk by Dr Rozzelle
Dr Rozzelle, religion and sociology professor at High Point College, spoke on The Sons of Inventions on Humans. He traced plow, wheel, hammer and money as ancient core breakthroughs shaping civilization and noted 2 600 000 U S patents issued. George Dibhardt introduced him. Charles Warner presided.
MENTIONED IN THIS ARTICLE
C. Rozzelle
Dr. Rozzelle
High Point College
Dre
U. S. Patent Office
George Dibhardt
Charles Warner
Antarctic Winter Chill Report Says Breath Freezes
An Antarctic winter report notes extreme cold that makes breath visible as it freezes, with the National Geographic Society describing the severe conditions and the stark cold endured by researchers.
MENTIONED IN THIS ARTICLE
The
National Geogra Society
Edley Machine Co Receives State Charter in North Carolina
The Edley Machine Co. of High Point earned a certificate of incorporation from the secretary of state in Raleigh to trade in hosiery and textile machinery. Authorized capital stock is $100,000 with $300 subscribed by Edward Blankstein, Ann B. Blankstein, and Herbert S. Faulk, all of Greensboro.
MENTIONED IN THIS ARTICLE
Edley Machine Co
High Point
Secretary of State
Raleigh
Edward Blankstein
Ann B. Blankstein
Herbert S. Faulk
Greensboro
Ontario Borders Polar Bears in North and Peaches in South
Ontario presents a striking contrast with polar bears in the far north and peaches grown in the southern regions. The statement highlights a wide regional diversity within the province.
MENTIONED IN THIS ARTICLE
Ontario
Canada
Also Mentioned on This Page
Ooveselaeis
Teehee
National Dist
National Lead
New York Central
North American Avian Se
Northern Pacific
Ohio Oil Company
Pacific Gas & Elec
Seeees
Paramount Pictures
Esse
Ees Penney Wc
Textron Corporation
Trans & Western Air
Union Carbide Eee
Union Pacific
United Airlines
United Aircraft
Sssseseseees
United Corporation
United Fruit
United States Rubber
U.S. Smelting & Ref
United States
Stee
Vanadium Corporation
Vick Chemical Ee
Virginia Care Chemical
West Auto
West Maryland
Western Union
Westinghouse
Drug & Tobacco Counters
C&d Man
Atom
Caldwell
DR. Caldwell
America
Belk-Beck CO
Wm A
Courage
Grace Flower Shop
N. Wrenn & Howell
Exchange Club
Edley Machine Firm
Guilford Optical CO
Lise
Chicago
ST. Louis
Dayton
Waa
Piedmont
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