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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 11, 1958
Page
8
Broad stock activity stayed firm with most key issues moving fractionally higher while some sectors led and a few losses appeared. American Telephone surged to a 27 year high then trimmed gains near opening with a slight loss. trading remained heavy despite Veterans Day.
Greensboro based State Committee for Improved Courts plans a statewide grass roots program to inform the public about improving and expediting justice in North Carolina. Chairman Spencer Love announced the first group of county chairmen including Cowper, Aycock, Jenkins, Stacy, Colville, Harris, Jarman, Arthur, Holt, Wood, Huff and more. An executive panel of eight and a 60 member committee will guide efforts statewide.
A reader cautions against speculative oil and mining stocks urging focus on solid investments like Royal Dutch Standard Oil of Jersey and Kennecott. The column notes convertible bonds can dilute earnings but many common shareholders retain value. It explains Texas Gas Transmission trades over the counter and is not exchange listed.
A point in stocks means a one dollar change per share while bonds priced per thousand dollars move a point from 98 to 99 raises the bond value from 980 to 990 dollars. Mr Shulsky offers general investment questions in his column and invites stamped self addressed envelopes for suggested lists.
Mary Florsheim Picking Jones, 38, heiress to the Florsheim fortune, was hospitalized November 2 after alleged sleeping pills overdose. She left UCLA Medical Center Monday, saying a fall from a stretcher during the return home caused her condition following a domestic dispute with Allan Jones.
The Dow Jones averages show industrials at 569.27 and 569.98 near close, rails at 188.83 and 183.73, utilities around 84.74, and stocks near 103.04 with volumes reported as 480000, 1600000, and 3730000. Prev values noted with Furnished by Bache & Co.
Hussein leaves Amman after a briefing on a midair encounter with two Syrian built MIG fighters near Damascus. He accuses Syria of air space intrusion and vows steps to protect Jordanian prestige amid regional tensions and a national holiday celebration.
A 30 year old Virginia resident Ray Eugene Crum was bound over to Superior Court under a 2000 dollar bond after waiving a preliminary hearing on a breaking and entering charge. Crum will be extradited to Virginia after local charges are resolved. Coupled cases include four months for Willie Lee Kirk on drunk counts and two months for Clarence Hoover on another drunk case. Several defendants settled by paying court costs after passing bad checks. Dumas and Brooks faced assault counts from an affray with Dumas injured. Cruelty to an animal charges against Darrell and Bud Cecil were disposed. Bud’s case was dismissed for lack of evidence.
Democratic leaders push a two year program to plug tax loopholes in 1960 with aims to curb oil depletion credits expand life insurance taxation and adjust foreign tax credits while considering higher federal gasoline and highway taxes to fund interstate development. A House Ways and Means review begins on life insurer taxation next Monday.
The article examines the risk of a new Berlin crisis as a tool to heighten international tension for internal Soviet political ends. It notes Moscow’s crackdown on dissent and the West’s firm stance, with the U.S. State Department rejecting Khrushchev and reaffirming Britain and France, and a 1954 pledge to defend West Berlin.
The speaker denounced racist and hate groups for defying both secular law and divine law. He said hate sheets pirate Christian vocabulary to advance their aims and warned that such factions threaten society and moral order.
Bobby Richards says he and Ronald Lee Whitaker drank six beers, four for Whitaker and two for Richards, before Whitaker shot himself at his stepfather’s Lansdown Avenue home. Whitaker was hospitalized with a non fatal wound near the heart, and deputies confirm the beer at Richards’ home between 12:45 pm and 6:30 pm Saturday.
Richmond AP report says 24 year old Barry Steel Chapman, a child welfare worker at a Powhatan County boys school, was found with head injuries. autopsy pending. police seek clues and a tan 1954 Cadillac and various thefted items. Chapman lived alone and was last seen Friday night.
Charles Shockley reported a theft where an eight by three foot car powered by a washing machine motor was stolen in East St. Louis, Illinois. No fast getaway appeared as the thief left with the unusual vehicle.
Army planners discuss launching a multi stage rocket toward the moon or beyond to study radiation bands and possible planet forming. Von Braun estimates a one in two chance to escape Earth orbit, with sterilization and telemetering to the moon or beyond.
In Allegheny County North Park a 165 pound stag named Old Barney was killed after leaping onto a park road and challenging an oncoming car. Mrs. Lena Dunkle of Mars Pennsylvania could not stop in time, ending the animal’s antics after years of teasing motorists.
Sonotone introduces eyeglass style hearing aids for both men and women allowing discreet use without anything in the ears. The new design pairs with frames to deliver amplified sound while remaining unseen.
A Marrakesh city ordinance forbids the practice of snake charming, citing public safety and animal welfare concerns. The measure targets street performances and related activities across the city.
A terse aphorism notes that reliance on promises yields little real progress for those who base plans on unlikely assurances rather than actions. The message warns against waiting for others to deliver results.
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