Stock market dips as space issue backlash hits shares
New York AP reports a sharp break in space age issues sparks selling, Dow Jones down 3.85 to 631.59 at noon. Glamour stocks fall about seven points at worst, then trim losses. Raytheon and Texas Instruments lead declines before improving slightly. Major names including Du Pont General Electric and General Motors slide, with bonds showing improvement.
MENTIONED IN THIS ARTICLE
New York
Raytheon
Texas Instruments
Bache & Co
American Can Co
Allied Chemical & Dye
Adams-Millis Corp
American Tobacco Co
the Borden Co
Bethlehem Steel
Burlington Mills
Cone Mil Corp
Douglas Alera
Atest DuPont de
Zenith
Thiokol
Radio Corp
General Tire
Warner-Lambert
U.S
Bathrooms Remodeled at 1607 Ward Street
Welborn Plumbing Ting Co advertises bathroom remodeling services at 1607 Ward St with phone contact 2-2309.
MENTIONED IN THIS ARTICLE
Ward St
Welborn Plumbing Ting CO
Asheboro Man Held In Alabama
A tall North Carolina man was stopped in Chaton Alabama with about 300000 in uncashed checks a firearms arsenal a printing press and other gear. Charles Ignatius Johnson Jr 28 used many aliases and faced a Tallahassee bad check charge. Federal agents will return him to Charlotte as a parole violator. A woman accomplice Jo Ann Wilson 22 surrendered in Mississippi.
MENTIONED IN THIS ARTICLE
Chatom
Ala
North Carolina
FBI
Henry Clay Locke
Locke
Charles Ignatius Johnson Jr
Newport News
Johnson
Tallahassee
Fla
Charlotte
N. C
Asheboro
N.C
Jo Ann Wilson
South
R. B. Miller
Tuscaloosa
Columbus
Miss
Miller
First National Bank of
Atlanta
Chatham Bank
Siler City
Bank of Virginia
Norfolk
Birmingham
Lawrence Odum
New York sells three power plants to Consolidated Edison
An auction closed at 125 million dollars ending debate on the sale of the city’s three power plants to Consolidated Edison Co. There were no other bidders. City officials said it was power better left to a utility. The plants supply power for the city subway system.
MENTIONED IN THIS ARTICLE
New York
New York City
Consolidated Edison Co
Strike Threatens McClellan Bill Debate
McClellan warns against yielding to Hoffa while Sen. Sam Ervin says Hoffa’s speech confirms the need for the Kennedy Ervin measure. Sen. Kennedy, co sponsor, will comment after reviewing Hoffa’s text and Sen. Goldwater urges swift House action to strengthen the bill.
MENTIONED IN THIS ARTICLE
McClellan
Sam J. Ervin Jr
D-Nc
Hoffa
Congress
Ervin
John F. Kennedy
D-Mass
Barry Goldwater
R-Aziz
House
Piedmont Gas Faces Hike In Costs
Piedmont Natural Gas Co faces a rate increase from Transcontinental Gas Pipeline Co suppliers. Transco asked the Federal Power Commission for a 592000 dollar rise, offsetting Piedmont’s 620000 dollar annual rate cut to customers. A decision is not expected until early next year.
MENTIONED IN THIS ARTICLE
Charlotte
Piedmont Natural Gas Co
Carolinas
Transcontinental Gas Pipeline Co
Transco
Federal Power Commission
Piedmont
Buell C. Duncan
Allies Split Over Secret Talks In Conference Room
Western ministers plan secret sessions excluding German delegations to probe Khrushchev’s Berlin stance. The aim is to gauge possible stopgap deals ahead of a proposed summer summit while seeking a wider peace settlement with the Soviet Union.
MENTIONED IN THIS ARTICLE
Juan A. Herter
Selwyn Lloyd
Maurice Couve de Murville
Nikita Khrushchev
Berlin
Khrushchev
Soviet Union
Ike Gives Dulles Medal
The President awards a medal as a token of affection and esteem for Dulles. He signs the note with his initials D. FE. Dulles remains in a hospital bed and is kept comfortable by pain relief drugs while clinging to life.
MENTIONED IN THIS ARTICLE
D. FE
Sutton Speaks To Civitan Club
L. B. Sutton superintendent of High Point Thomasville and Denton Railroad spoke on railroading in northern Canada at the High Point Civitan Club meeting yesterday. He was introduced by Bruton, program chairman. Club president Bill Ervin led on the Civitan convention in Asheville last weekend. Rev Woodrow W. Robbins was elected District Chaplain for 1959 60. Attendance prizes were won by Gerald Winfrey and Phil Dixon.
MENTIONED IN THIS ARTICLE
L. B. Sutton
High Point
Thomasville
Denton
Canada
High Point Civitan Club
Sutton
John
Bruton
Bill Ervin
Civitan
Asheville
Woodrow W. Robbins
Gerald Winfrey
Phil Dixon
Tornado Fatalities Drop in Last Five Years
A terse weather bulletin notes tornado deaths in the United States over the past five years are lower than any comparable span in four decades. The Weather Bureau warns the public while noting improvements in warning networks amid the ongoing high speed era.
MENTIONED IN THIS ARTICLE
U. S
Weather Bureau
Cedar Warning Network
Flying priest ranches for boys from broken homes
In the northwest corner of South Dakota the Rev. Donald E. Murray combines flying and ranching for a group of boys from broken homes. Money can't buy everything, but it places its possessor in an excellent bargaining position.
MENTIONED IN THIS ARTICLE
South Dakota
Donald E. Murray
Also Mentioned on This Page
High Point Enterprise
Dow-Jones
Dee
Sterner
Jly. Steerer Eeeere
Wfmy-Tv
Greensboro
RFC Piedmont
Wsjs-Tv
Winston “Salem
Wacom Trash
Bat Masterson
Mickey Miro
Union Pacific
NBC News
Meroys
Wd. ‘Rareton Teds
Dayton Tires
Hughes Tire Service, Inc
E. F
Hughes
North Main
WBTV
Wunc-Tv
Chapel Hill
Seccore
Channel 4
Dumont
Admiral
Television Sales & Service
North Main ST
Wsoc-Tv
Sant Tel
Mares Tog Camp
Wsls-Tv
Roanoke
Marshal
Rescue
Bold Venture
Jack Paar
Alabama
Family Finance
of High Point, Inc
E. Commerce ST
Concord
Durham
Gastonia
Raleigh
Salisbury
Wilmington
Winston-Salem
Piedmont Gas
Ike
Dulles
America
Civitan Club
Diane Varsi
Dean Stockwell
Orson Welles
meCiwar
Spowdale Evar
Hitler
Tilt
John Mills
Sti
Harvey Adams
Clements
OT ‘Spencer Flying Service
Midway Airport
With A York
York
Hunter Coal & Oil CO
Rialto
Robert Taylor Law
Jake Wade
Lea
Richard
C. Janis Paige
Earth
Flamer Bano
Uae
Lae
Bis
All
Kraft Music
H. Dave King
England
Mimic
Garts
Tonight IN Color
NBC
Wsjs Television
Pecos Pete
Road Runner
Juliekrondon
Anthony Steele
Oan Sua
Man He Net
Carolyn Jones
Diane Brewster
Paul el
Paramount
Cimena Scoek
Audie Murphy
Joanne Dru
Jim Backus
Sandra Dee
USL Bae As
Uh Mit
NEW Service Laundry
Centennial Ave
Bardot
Brigitte
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