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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 14, 1957
Page
2
East Germany's blitz currency change wiped out savings for many as old marks were exchanged for a new issue. authorities paid out up to 300 marks, with the rest to be available later, while officials warned against illegal trade and forewarned arrests at border points.
American experts project the U S baby moon will stay aloft for a couple of years in its planned orbit while the Soviet satellite is expected to remain in space for months. Dr Fred L Whipple of the Smithsonian Astrophysical Observatory in Cambridge and Dr John P Hagen of the U S Naval Research Laboratory describe the rocket and satellite as a long term dry run for future U S launches.
Durocher, a major league managerial figure, is of French extraction and began his baseball path in the Catholic Junior League of West Springfield Massachusetts.
New York stocks edged higher on light volume with aircraft and missile shares leading gains while oils slipped. North American Aviation rose over 1 percent before extending to more than 2 percent. Gulf Oil and Royal Dutch sailed lower as defense hopes buoyed aviation names.
Furnished by Bache and Co the Dow Jones Averages list the Prev 12 noon and 1pm figures for 30 Industrials 440.87 440.22 441.16, 20 Rails 116.45 116.85 116.47, 15 Utilities 64.94 65.03 65.00, and 65 Stocks 150.58 150.59 150.67 with total volume reported as 610000 1100000 4460000.
Nine Negro students enter week four at Central High amid calm that unsettles NAACP leaders. Paratroopers and Arkansas Guards guard the school after federal court orders, while Gov. Faubus calls for withdrawal of the students. Presidents and governors discuss possible peace terms, with no new contact planned this week.
Tobacco markets in North Carolina and surrounding belts posted lower prices last week with most low to medium grades down 1 to 3 per 100 pounds while better grades rose by 1. Total Middle Belt sales reached 13,025,870 pounds at 52.81, down 0.92 from the prior week. Stabilization Corp. handled about 18 percent of belt sales under the government loan program.
A New York Times recap notes NBC CBS and an oil company spent 1 325 000 on three lavish broadcasts led by Pinocchio with Mickey Rooney. Sinatra Crosby Clooney Armstrong and Tyrone Power headlined big budget shows while the lowest priced Pinocchio at 325 000 proved the strongest with a strong child friendly appeal.
New York cotton futures opened unchanged to 40 cents higher per bale as traders awaited early market cues and reported mild demand shifting. Prices moved on light volume with investors eyeing export pace and domestic consumption.
New York reports Parisian leather worker Jean Lacombe left Sheepshead Bay Yacht Club on a 600 mile solo voyage to Halifax Nova Scotia aboard a 15 foot raft. The craft carries one oar a radio and fishing tackle with no food water or engine.
Durham Board of Education will rule tonight on nine reassignment petitions filed for Negro students. The board had rejected the requests on Sept 3 but was appealed for a rehearing. Most students are in junior high and the petitions seek transfer to the nearest non segregated school.
In the next five years about 1 000 engineering graduates from India will receive training in iron and steel technology in United States steel plants and foundries.
British Prime Minister Harold Macmillan told Japan that suspending nuclear weapon tests would not itself signal disarmament since nations with nuclear capability would continue production. He replied to Nobusuke Kishi’s request for UK support of Japan’s UN resolution calling for an immediate test halt and noted a joint call by Kishi and Nehru for steps toward disarmament.
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