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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 06, 1957
Page
5
The New York market rose as aircraft and missile shares led gains amid Russia's second space satellite success. Eisenhower's speech delay signaled higher defense spending. AP index up 1.10 to 156.60 at noon with Industrials and Rails rising.
SAM DAWSON explains the market nerves around Soviet rocket advances and a tougher disarmament stance. He notes defense versus civilian production tradeoffs, stock market volatility after Sputnik, oil and commodity price shifts from international tensions, and the potential impact on U S industry and policy decisions in Washington.
Invest in a diamond ring this Xmas with Nash Jewelry Co offering rings from 25 to 750 dollars. Compare prices and values with competitors and use the lay on plan with a small deposit hold at 127 N. Main St. Adv.
The Dow Jones Averages show mixed readings at noon with industrials around 437.76 to 434.04, rails near 108.46 to 107.94, and utilities around 65.19 to 64.96 as reported by Bache & Co. Volume details are incomplete in the snippet.
A driver sought by 300 North Carolina patrol units killed two state troopers after a high speed chase ending near Ellerbe. Perry, a hitchhiker from near Asheboro, described the gunman as a 25-year-old with a Spanish appearance and Italian accent who fled toward Florida. Authorities detained Perry for investigation while recalling the two troopers Brown and Reece.
Cotton futures opened unchanged with some contracts showing a 20 cent drop per bale. The page lists multiple corporate names including Phillips Petroleum Procter Gamble Reynolds Tobacco Union Carbide Texas Co and United Aircraft among others.
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