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This newspaper page contains 12 articles. Subscribers can read the full text of each article.
Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 06, 1958
Page
5
The autoworker peace boosts prospects for a solid fourth quarter as auto models may drive copper and glass demand. Rising consumer confidence spurs mortgage borrowing and credit, with total personal debt rising and retail sales steady despite recession fears.
The Episcopal Church large delegation began its 59th triennial general convention in Miami Beach over 16 000 attendees joined in a mass worship service. Presiding bishop Henry Knox Sherrill urged Christians to confront modern issues without irrelevance and highlighted racial tension as a key challenge. Negro delegates attended, and Bishop Henry T Louttit of South Florida confirmed non discriminatory convention arrangements.
The New York stock market extends a vigorous advance as copper, steel, airlines, motors and chemicals lead gains. Major shares rise and bonds improve as investors bet on jet travel growth and economic strength with names like Kennecott Anaconda U S Steel and General Motors advancing in heavy trading.
The article explains IBM is a growth stock with little cash income from dividends. Since inception, IBM has issued stock dividends splits and rights, enabling large capital gains over decades. Long-term holders can earn far more from rising stock value than from cash distributions.
Coupons are clipped as due with each bearing a different date and presented by the bondholder for interest payment either at the company office or the investor’s bank. Shulsky will answer interest questions in his column. for investment lists, enclose a stamped addressed envelope.
The Clinton school suffered extensive damage from explosions that wrecked walls and classrooms injuring 16 of 20 rooms while only the gym, home economics area, band room, and library remained intact. Police say the intent was to maximize destruction as authorities sought the perpetrator. Public churches offered space for emergency classes and Oak Ridge offered a 25 room school. Governor Clement sent in state troopers and National Guardsmen amid escalating racial unrest in 1956.
Mrs. Alice Hay Wadsworth widow of U S Senator James W Wadsworth married Saturday to Jackson H Boyd Harrisburg Pa businessman. The ceremony at Hartford House was performed by Rev Walter Muir. Attendants included her daughter Mrs Stormont and daughter in law Mrs James J Wadsworth. Senator Wadsworth died in 1952.
Vandenberg Air Force Base in California is designated as the nation’s first ballistic missile training and operational center. It was previously Camp Cooke, then Cooke AFB for 18 months, and was renamed Sunday to honor Gen Hoyt S. Vandenberg, Air Force’s second chief of staff who died in 1954.
A note advises marking a 45th wedding anniversary with a ruby ring as a fitting gift. It frames the milestone as an appropriate moment for a lasting symbol of devotion.
In New York at the United Nations, India and the Soviet Union push resolutions urging an immediate halt to nuclear tests. Britain and the United States offer a pause until Oct 31 to begin Geneva talks on a controlled suspension. The debate targets immediate testing bans and a possible broader agreement among nuclear powers.
The piece surveys ongoing battles over public access to government records. It notes secrecy at federal state and local levels, highlights limits on GAO access to DOD spending, Commerce and State Department restrictions, and cites the Aug. 12 Eisenhower amendment to a long-standing records law aimed at reducing needless secrecy.
GM heads into a new week with nationwide plant shutdowns tied to local UAW disputes. Talks continued at 126 plants in 71 cities as 275,000 workers remained idle. Chrysler and Ford also faced walkouts while IUE members pursued a separate strike action.
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