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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 11, 1958
Page
5
W E King at Minnesota Mining shares sales manager guidance urging teamwork and self belief to conquer the changing economy and world. The note emphasizes avoiding petty bickering and growing with versatile, realistic effort across ages 25 to 55 and beyond.
New York reported a largely inconclusive week with government and corporate bonds drifting lower in light trading. Rail and industrial issues rose slightly on the AP index while utilities and investment grade notes fell. foreign dollar liens declined to 24 million from 26 million. The June U.S. Treasury refunding of 9 billion will be announced later this month and the Federal Reserve district banks shifted to a 1% discount rate.
The New York stock market surged to new highs for 1958 with the biggest weekly volume since the week ending Oct 26. The Associated Press 60-issue average rose to 169.90, led by gains in industrial and rail averages. Brokers cited strong cash from institutions and broad participation in lower-priced issues, despite cautious earnings outlooks for the first quarter.
The explanation notes that winter sun is nearer but cooler due to rays spreading over a larger surface area. It cites Earth's position and distribution of heat affecting seasonal warmth.
Portuguese navigator Vasco da Gama completed the first voyage by sea to reach India by sailing around the Cape of Good Hope in 1497. The expedition established a direct maritime link between Europe and Asia, reshaping global trade networks.
Unofficial figures from the National Association of Security Dealers and other sources show indicative ranges for securities at compilation time May 8 1958. These quotations indicate bid and asked values and are not actual transactions.
Professor Arthur J. Whitehill on leave from the University of North Carolina teaches in Japan under a Fulbright Exchange. He conducts personnel management courses for undergraduates and graduate students at Keio University, aiming to spread human relations concepts in industry.
Cary Grant stars with Ingrid Bergman in the Warner Bros romantic comedy Indiscreet and performs in a society dance with real Scottish high enders in an Eightsome Reel. Choreographers train him, and observers call his performance dazzling. otherwise the text notes half the class often drops out in long-running foreign instruction courses.
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