Stock Market Edges Higher Amid Heavy Trading In Name Stocks
The New York stock market rose irregularly despite selling pressure with heavy turnover. Gains spread across motors oils electrical equipment drugs tobacco and building materials while steels utilities and aircrafts mixed. Notable moves included Bethlehem Steel up over a point and Boeing showing a small rise with broad activity in Studebaker Packard and American Motors.
MENTIONED IN THIS ARTICLE
New York
American Motors
General Motors
Ford
Chrysler
Bethlehem
Boeing
International Nickel
U.S
Wall Street stocks hold steady as investors wait on profits
Stockholders sit tight amid lively trading chatter as brokers eye year end bonuses and tax concerns. Volume on the New York Stock Exchange reached 4.61 million shares, far below the 8 month potential and well under postwar peaks, contributing to a thin market with limited shares available for trading.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
NEW York
New York Stock Exchange
Woman Wins Lottery Call and Policewoman Nellie Baldwin
Mrs Nellie Baldwin, a policewoman, tells Miles to come over after answering a lucky number for $10. The short scene notes her winnings and the caller’s invitation.
MENTIONED IN THIS ARTICLE
Nellie Baldwin
Miles
Understanding Over-the-Counter Stocks and Investor Caution
The over-the-counter market is vast with about 25 000 quoted issues and 16 000 daily quotations. Brokers handle trades with commissions or markups, lacking exchange publicity. Many reputable companies trade OTC, and due diligence before investing remains essential to avoid missteps, regardless of listing location.
MENTIONED IN THIS ARTICLE
N. Y. Stock Exchange
Plymouth Cordage
Nicholson File
Veeder Root
Weyerhaeuser Timber
Dun & Bradstreet
Eli Lilly
Bullock
Grennell Corp
Taylor Instrument
Kellogg Co
M. A. Hanna
Anheuser-Busch
Atomic Energy Commission Prepares Two Nuclear Tests in Nevada
In Las Vegas a 50 foot wooden tower blast is planned for Wednesday with an underground shot and a balloon test scheduled for Thursday as part of the AEC testing program.
MENTIONED IN THIS ARTICLE
Las Vegas
Nev
The
Atomic Energy Commission
League Director Feted At Home Of Mrs Millis
Mrs Sterling Nicholson Jr the director of Region XIII of Junior League was honored at a dinner hosted by Mrs Henry A Millis Jr at 1107 Rockford Rd in High Point. She spoke at a general membership meeting and a luncheon at Mrs Frank Dalton’s home followed. Guests included Mrs John Wall Mrs Ed Pleasants Mrs George Lyles Jr and others. The table featured a cutwork lace cloth and yellow bronze fall arrangements.
MENTIONED IN THIS ARTICLE
Sterling Nicholson Jr
Henry A. Millis Jr
Rockford Rd
Nicholson
Junior League
High Point
Frank Dalton
Durham
Junior League Board
John Wall
Ed Pleasants
George Lyles Jr
Rob ‘Ert Cross
George Marsh
D. W. Hoskins Jr
Robert Amos Jr
October Dance Held By Sirocco Club
The Sirocco Dance Club held its October Dance at Pleasant's Club Guilford College. Thirty two member couples attended along with two new couples Mr and Mrs Bill Jordan and Mr and Mrs Sam Casky. Guests included Mr and Mrs Joe Botts Mrs Robert Sealy Miss Sarah Lyon Mr and Mrs Ed Washington Bill Ferguson Mr and Mrs T R Weaver and Mr and Mrs Joe Bruce. The next dance will be a Christmas dinner dance on December 13 at Pleasant's Club.
MENTIONED IN THIS ARTICLE
Sirocco Dance Club
Pleasant’s
Guilford College
Bill Jordan
Sam Casky
Joe Botts
Charlotte
Robert Sealy
Raleigh
Sarah Lyon
Durham
Ed Washington
Bill Ferguson
T. R. Weaver
Joe Bruce
Pleasant's Club
Beta Upsilon Plans Card Party and Costume Social
Members of the Beta Upsilon Chapter of Epsilon Sigma Alpha met with Mrs. Bob Parrish at the William and Mary Apt. Jackee presided. Final plans were set for a benefit card party October 21 at 8 p.m. at the Marietta Club House with tickets at the Club House. Mrs. Dean Dull reported on the fancy sale and plans for the rushing season were announced. The first social will be a costume party October 27 at Mrs. Richard Smith's home.
MENTIONED IN THIS ARTICLE
Beta Upsilon
Epsilon Sigma Alpha International
Bob Parrish
Marietta Club House
Dean Dull
Richard Smith
Neal Allred
Dow Jones Averages Report at Noon and Close
The Dow Jones averages show industrials at 545.95 and rails at 147.91, with utilities around 82.42 and stocks near 188.19. There were volumes of 920,000 at noon, 1,830,000 at 1 pm, and 4,550,000 at close.
MENTIONED IN THIS ARTICLE
Bache & Co
Boy Stabs Stepfather to Death in Self Defense
In Long Beach California a 14 year old boy stabbed his stepfather Richard Travers 46 to death to stop a beating of his mother Dorothy Ann Travers 32 who is in serious condition with scalp lacerations broken ribs fracture of a vertebra and other injuries. Jimmy Cook Travers is in protective custody as juvenile authorities investigate. Richard Travers had a prior record including rape assault grand theft and drunkenness.
MENTIONED IN THIS ARTICLE
Long Beach
Casif
Jimmy Cook Travers
Richard
Travers
Dorothy Ann Travers
Jimmy
Gill Sees Revenue Rise From Economic Recovery
North Carolina State Treasurer Edwin Gill told the Goldsboro Rotary Club that the next biennium will likely see increased revenue from an improving economy. He cited a sound fiscal position with net debt of 101.79 million, helped by sinking funds and road bond provisions, and noted substantial past expenditures on education and public school facilities financed by credits and bonds.
MENTIONED IN THIS ARTICLE
Goldsboro
N.C
Edwin Gill
Gill
General Assembly
North Carolina
Jordan urges $250000 for tobacco quality control research
U S Sen B Everett Jordan NC calls for 250000 in federal funds for a 1959 60 quality control research program in flue cured tobacco He says current work is inadequate to isolate chemical and physical traits that define quality and urges a dedicated program to determine quality and how to control it.
MENTIONED IN THIS ARTICLE
Raleigh
U.S
B. Everett Jordan
D - NC
Jordan
Maurice H. Stans
Geese tagged by cannon on Oklahoma State University project
Oklahoma State University graduate student Richard Marquardt uses a cannon to fire nets over geese to capture and tag them. The study aims to learn more about the birds migrating habits and track their movements.
MENTIONED IN THIS ARTICLE
Stillwater
Okla
Richard Marquardt
Oklahoma ‘State University
Marquardt
Medaris predicts man on the moon in 12 years
Maj. Gen. John B. Medaris, Army missile chief, told reporters at the National Electronics Conference that a man could reach the moon within 12 years. He cited a 50 50 chance the Army rocket could reach lunar vicinity but said orbiting the moon was unlikely with a Jupiter first stage. He emphasized stronger ground control and potential in-flight corrections for the Army mission.
MENTIONED IN THIS ARTICLE
Chicago
John B. Medaris
Medaris
U.S. Army Missile Command
Huntsville
Ala
Air Force
Pioneer
Fourth Clooney child born to Rosemary Clooney and Jose Ferrer
A fourth child named Monsita Teresa arrived Monday at St. John's Hospital weighing 6 pounds 4 ounces. Rosemary Clooney and actor Jose Ferrer are the parents.
MENTIONED IN THIS ARTICLE
Hollywood
Rosemary Clooney
Jose Ferrer
Monsita Teresa
St. John's Hospital
Southern businessmen seek homegrown capital at annual meet
At the 13th annual Southern Industrial Development Council meeting in Raleigh Vermont Royster of the Wall Street Journal urged Southern capital formation. He advised using local banks and possibly a regional stock market while urging the South to treat itself as part of the nation and curb outmigration. St. Patrick's Cathedral in New York seats 4 500.
MENTIONED IN THIS ARTICLE
Raleigh (Ap
Southern Industrial Development Council
Vermont Royster
The
Wall Street Journal
Royster
Raleigh
Ing Southern Capital
South
St. Patrick's Cathedral
New York City
Also Mentioned on This Page
Studebaker-Packard
American Can Co
Allied Chemical & Dye
American Tobacco Co
Borden Co
Bethlehem Steel Jones Laughlin Steel
Johns
Youngstown Sheet & Tube
F. W. Woolworth Co
Business Mirror
Wall Street
Investors’ Guide
Shulsky
Sirocco Club
Dow-Jones
Cotte
Tobacco Research Proposed
Leonard
N.Y
Siegler
Bargain Furniture Co
Eastern
FLY Eastern
Hartford
Springfield
Philadelphia
Washington
Atlanta
New Orleans
Memphis
Birmingham
Miami
Mexico City
Paiy
Burlington
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