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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 01, 1956
Page
5
The Dow Jones averages show modest gains and losses across sectors with noon to early afternoon readings. Data from Bache indicate mixed performance among rails utilities and stocks amid volume of 870000 to 1720000 shares.
New York reports rising costs of auto and appliance financing as tight money tightens lending. Auto finance firms face higher wholesale rates, likely pushing dealers to keep prices higher. Small loan companies struggle with funding, some closing or selling out. Officials from Liberty Loan Corp and Household Finance cite higher borrowing costs and shrinking profits, signaling tighter consumer credit into next year.
The weekend assembly at Leon ard Street School ended at 6 p.m. Saturday with five baptisms and a showing of The Happiness of the New World Society. Sunday featured door-to-door preaching after O M Stokes spoke, and district supervisor H L Brissett closed the event with a talk to 373 attendees.
Losses by tobacco and aluminum stocks deepened as the New York market fell throughout the day. Major names such as American Tobacco, Alcoa, Kaiser Aluminum, and Republic moved lower while other blue chips and oils also slid. the Associated Press average dropped to 173.40 at noon.
Joe Cox of North Carolina State College School of Design won the $750 first prize for his oil painting Sleeping Fisherman at the firh Southeastern art exhibition in Atlanta. His work was selected from 141 oils out of 900 submissions from artists across nine states. William Halsey of Charleston won honorable mention in water colors as the exhibition runs through Oct. 14.
J O Gray and wife sell to O E Hampton and wife a lot in Allen Dale Heights. L M Proctor and wife transfer to J J Coulson and wife a Baker Road lot. J O Kennedy to R R Phillips and wife a Hardman land lot. C W Davis and wife to Mrs J N Henry a Blairwood lot. Eddie Deaton and wife to Roger Ange Post 206 a lot in High Point. R M Wilmoth and wife to G H York and wife a Friddle Street lot.
High Point teachers Frits van der Steur and Miss Virginia Frank were chosen as chairman and vice chairman of the Northwestern District NCEA music division during the Greensboro meeting Friday.
James A. Jones aged 76 of 500 Fischer Street says he was making a left turn when the collision occurred at the entrance to Borden's on North Main Street. Jones was charged with failing to yield to Davie Lee Sechrest of Greensboro Road. damages were light.
Rocky Mount North Carolina May or W. C. Divine 56 dropped dead in his office this morning. Ambulance attendants said he suffered a heart attack and died before transfer to a hospital. Divine had served as mayor since December 1955 and was an 18 year member of the Board of Aldermen. He was branch manager of Imperial Tobacco Co. in Rocky Mount.
At least 14 persons died by violence in North Carolina over the weekend. The fatalities include two teens from Sandy Ridge and near Madison, a Cleveland Ohio man, and several residents of Wilkes, Mecklenburg, Gaston, and other counties.
In Belgrade observers see Khrushchev shifting toward de Stalinization, ousting Matyas Rakosi in Hungary while Tito pursues more independence from Moscow. U S and Yugoslav ties face pressure as diplomacy and aid questions swirl amid old Bolshevik opposition and satellite tensions. Ornithologists report birds sing about 18 hours daily.
The article enumerates the seven official U S beef carcass grades as prime choice good commercial utility cutter and canner defining quality categories used in grading beef processes and markets.
Worry of false teeth slipping or irritating is eased by FASTEETH powder. Sprinkle on denture plates for a firmer, comfortable hold with no gummy taste. Available at drug counters.
Light scattering by water molecules produces the ocean blue appearance when the water contains few suspended or dissolved materials.
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