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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 05, 1958
Page
2
Chrysler announces its 1959 models featuring Golden Lion V8 engines delivering more torque and economy. The new line emphasizes functional styling, low pressure tires, advanced options like Auto-Pilot, front swivel seats, and enhanced safety and comfort. Models include New Yorker Saratoga Windsor and the sport oriented 300E.
Mrs Eliza Dorsett 70 of 229 Reed Street died Sunday after an extended illness. Born in Randolph County she spent most of her life in Thomasville. Survived by three daughters Maggie Deese Daisy Kearns Pearl Davis all of Thomasville. two sons Roy Dorsett of this city Jeff Dorsett of Bluefield WV. two brothers Frank and Gene Lewis of Thomasville. Funeral Thursday at noon from Mrs Maggie Deese’s home 334 Carroll Street Thomasville. Body to be moved to the local residence this evening at 5 pm remain until 10:30 am Thursday then to the Thomasville home for the funeral.
Production for next spring and summer suits and slacks begins with hopes of wholesale price cuts around five percent and retail prices dipping two to three dollars per suit. Industry advocates aim to lift unit sales ten percent, while capacity usage averages 65 percent. campaigns target men and their families, with fashion shifts like the Ivy League and continental looks influencing demand.
A 64 year old married reader outlines holdings including Treasury bonds municipal issues a farm and major blue chips with little risk. The advisor praises the balanced mix favors bonds but suggests tax exemptions and convertible securities. advises staying with AT and T and diversifying with similar risk securities. explains asset value is only one factor in stock price and cites earnings dividends management and prospects.
Forecast for North Carolina and South Carolina calls for partly cloudy conditions in the north and cloudy skies in the south with cool afternoons and a chance of light rain in the extreme southeast. Rain is possible tonight, with cooler temperatures. Thursday to bring rain or showers ending in the west by morning and in the east by night, with highs around 60 in the mountains and 60s elsewhere. Lows tonight near 50 in the mountains and 50s elsewhere. Extended outlook shows temperatures near normal to three degrees below normal, with Raleigh 64/41, Charlotte 64/41, Charleston 70/47. Warmer Thursday, cooler weekend, then warmer Monday. rain ends Thursday with little or no rain thereafter.
The New York stock market pushes toward new records as Democratic election gains lift most leading issues. Major sectors including steels, motors, rails, utilities and airlines rise while certain oils and chemicals mix. notable movers include Studebaker-Packard, Chrysler, American Motors, U S Steel, Jones & Laughlin, Flintkote, and American Chicle amid active trading and a brief 12 minute ticker delay.
Dow Jones averages listed by Bache and Co show mixed movement. Industrials trade around 546, rails near 150, utilities about 83, while stocks hover near 170 with volumes reported at 900000, 1650000, and 3240000 shares.
Cotton futures opened lower by about 40 cents and up around 10 cents on the day as traders watched thin volume. Market quotes show mixed shift with nearby figures near 36.32 to 36.73 with other grains and industrials listed in the broader market snapshot.
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