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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 07, 1957
Page
2
The National Senior Clay Court Tennis Tournament opens without Bryan Bitsy Grant who cites pressure of business. Grant, two time defending champion, is replaced as No 1 seed by Jack Staton of St Petersburg, the 1954 champion.
Primatene products promise to open bronchial tubes loosen mucus and relieve anxiety from asthma spasms. The ad asserts eight medicines in full prescription strength work together to provide sleep at night and daytime relief. Available at drugstores with an 08¢ price and a money back guarantee from Wakehall Pharmacal Company.
The New York market shows a generally mixed session with gains in aircraft and rail shares and flat to fractional changes in major stocks. Trading remains brisk above two million shares with Treasury rates easing and steel scrap export controls having little impact on steel stocks.
The market shows higher cotton prices with mixed open and close quotes for today. A San Diego shopper quips about postal costs echoing a 1933 rate while a local laundryman notes Postmaster Krenning losing money as he protests higher charges.
In the race for tomorrow's specialists the mechanical brains industry recruits graduates for both white collar and technical roles. Demand for computer and data handling skills soars, with 60 000 technicians needed by 1960 per the National Machine Accountants Assn. Schools like NYU, University of Chicago, University of Minnesota, Rochester Business Institute offer machine accounting and programming courses.
The Dow Jones averages are listed with 30 industrials at 496.26 at noon and 496.14 later. Rails stand at 147.16, 147.25, and 147.09 with utilities at 73.29, 74.27, and 73.36. The 65 stocks index shows 174.01, 173.99, and 174.04 as the latest readings. Volume shows 929,000.
Roanoke Va November 18 opens the conspiracy trial of seven mirror manufacturers including three in North Carolina. A grand jury indicted March 26 charging price fixing. firms cover North Wilkesboro Mt Airy Thomasville Galax Martinsville Rocky Mount and Pittsburgh Plate Glass. The DoJ brought the action against the companies which supply over a third of U S mirrors and total about 20 million dollars yearly.
Ten Sydney University students in pirate dress boarded the AV 5 aircraft carrier Bennington before reveille. They reached the bridge and sounded the general alarm sending 2,500 officers and sailors to battle stations. The prank caused a five minute scare before being revealed. The Bennington had arrived in Sydney for Coral Sea Week and sailed to Pearl Harbor and San Diego.
In Dayton Ohio a coin flip determined which firm would issue a 2.5 million dollar policy for Dayton public schools after two bidders submitted identical offers. Richard Shaman of Golds wig Brothers Agency called heads while Cyrus Watson of Dayton Insurance Service chose tails.
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