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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 13, 1958
Page
2
An ad from New York promotes Primatene as a physician trusted asthma relief. The tablets claim to open airways loosen mucus and ease nervous tension without injections, offered with a money back guarantee at drugstores.
Listing shows Art scheduled on WFMY TV channel 2 in Greensboro at 2 30.
New York stocks retreat from highs as oil and chemical issues drop while Studebaker-Packard climbs on a new economy model. Pennsylvania Railroad cites a continuing recession. Boeing and United Aircraft rise but many big names slip. AP average falls to 168.70 as industrials dip.
Russia’s export push jolts world metal markets and pressures American producers. Aluminum tin platinum zinc and steel alloys face price weakness as cheap Soviet shipments enter Western Europe. Analysts question Moscow’s motives while UN officials note rising tin exports and gold flows used to finance needs.
In Rockville Maryland farmer Edgar Walter plans to stay indoors during storms after a bolt struck a rock which hit him on the forehead while walking from barn to house. The gash was not serious.
Dow Jones Averages listed by Bache and Co show the 12 noon and 1 pm readings with the final close. The industriais index hits 460.74 with notable values for 90 Industrials and 20 Railings among listed figures and a total traded volume of about 2,780,000.
In Algiers demonstrations led by students and right wing groups protested Pflimlin's Algeria policy. The city halted as a total strike kept Muslims from work and shutters down. Bomb damage hit the U S Information Agency and the consulate, injuring a cleaning woman.
The fragment cites 1890s headlines linking companies Reynolds Republic Steel Sears Roebuck Southern Rwy J P Stevens Co American Tel Tel Y Sheet Tube F W Woolworth to a period when yellow fever and malaria caused about 50 000 deaths while prices drifted with utilities down.
INDIO Calif Five members of a West Covina California family were killed in a car truck collision last night authorities said. The crash occurred on a highway east of Indio and the victims were identified by officials as members of one family. Further details were not immediately released by investigators.
U S textile mills urged the Tariff Commission to adjust the 1958-59 cotton quota for staples 1 1/2 inches or longer to 90 000 bales with 90 percent reserved for long staple and allow 15 000 to 20 000 bales of Peruvian tanguis. American Thread Co president S Howe cited Mexican imports filling the quota and forcing mills to replace long staple with shorter grades at higher costs. He noted bonded-storage holdbacks until Aug 1 and urged relief to avoid losses and higher prices.
Amalgamated Clothing Workers of America reports total assets of 142.6 million dollars in health and welfare funds, a 17.31 million rise over two years ending March 31. Insurance and retirement benefits paid reached 52.55 million, lifting total benefits paid in 14 years to 155 million. Blumberg notes increases in disability and surgical benefits as part of the two year gains.
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