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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 21, 1959
Page
9
New York stocks edged lower amid a steel strike cooling off debate and looming court ruling. Steel issues lagged while electronics rose, rails and oils fell, and utilities edged up as investors weighed government action and shortages.
Cotton futures opened five cents per bale higher, contrasting with broader market shifts, while several industrials show mixed percentages in early trading. Major firms referenced include Union Carbide, United Aircraft, Westinghouse, U S Steel, Youngstown Sheet, and Woolworth Co as part of the session overview.
FBI said 10 week old Martin Van Mason, abducted from Covington Kentucky by babysitter Barbara O Neill, is safe in Fayetteville North Carolina. O Neill faced federal kidnapping charges and is jailed awaiting return to Covington while the child recovers in a Fayetteville hospital.
The Dow Jones Averages furnished by Bache Co show 12 noon levels at 635.05 and 1 p.m. close at 634.08. Utilities index stands at 87.77 at noon and 87.85 at close. Trading volume reported around 820 000 midday and 1 450 000 for the session.
Raleigh AP reports Revenue Commissioner James S. Currie notes a 3 percent use tax on magazine subscriptions paid since 1955. The 1957 law change extended tax to magazines and periodicals, with limited enforcement. He cites easy collection on business records and cars, but limited ability to police all cases.
Dr. Rafael Diaz-Balart, once Fidel Castro’s brother in law, claims to head the White Rose movement with thousands of supporters in Cuba. He says the group respects everyone who opposes Castro, operates independently, and is organized in neighborhood underground cells.
Claudia May Thornton 64 of Route 1 Jamestown died after a heart attack at Elmer W. Brown's home Route 1. Born October 11 1895 in Missouri she moved to Deep River in 1911 and was a member of Deep River Friends Meeting. Survived by sister Mrs A D Ridge and three brothers Rex Clarence and Ralph and many nieces and nephews. Funeral arrangements are pending.
Advice column discusses managing new widow's money and inflation fears. Recommends keeping cash, delaying full deployment, and spreading investments over years. Suggests avoiding tax assumptions and invites further questions to Mr. Shudsky for general investment guidance.
An NLRB trial examiner recommended that Jesse Jones Sausage Co and Jones Abattoir Co of Garner North Carolina recognize and bargain with the Amalgamated Meat Cutters and Butcher Workmen of North America AFL-CIO after a union election. The tally was revised from 34-35 to 43-36 in favor of representation. Affected workers include head chopper head grinder smokehouse men and truck drivers.
The board of directors told in Washington that satisfactory progress is being made on construction contract negotiations for the Parr atomic power plant. Harry Ferguson, manager, announced after the board was reelected at the annual meeting. Construction is slated to begin early 1960 with completion planned for June 1962.
Piedmont Airlines officials say no deal is settled yet on moving the co president and potential shift of operations to Roanoke Virginia. A transfer could add about 500000 dollars in annual payroll and involve 150 to 200 workers if the DC 3 maintenance moves. Piedmont may also perform some F 27 prop jet maintenance at the Roanoke facility.
The Hannans mother died following the birth of quintuplets at Lackland Hospital. Husband described her as a pretty blue eyed blonde with short hair. He recalled their Taylor Texas roots and Sept 7 1953 marriage. Newsmen gathered details from hospital spokesmen.
Gordon Powell, arrested on suspicion of bank robbery, complimented the police. Ten minutes later officers spotted Powell’s car, aided by bank employees who provided the license number.
Advertises a new weight loss drug ODRINEX with a seven day money back guarantee if weight loss is not achieved. Claims no dieting or exercise required and that meals can be enjoyed while appetite is suppressed. Sold by Main's Drug Stores with mail order option and pricing at $3.00.
Oyster shucker Charles Wantz found 48 pearls in a single oyster at a Lancaster market. Biologist John B. McDermott from Franklin and Marshall College called the finding unprecedented and valuable for science. the pearls were given to the college biology department after jewelers deemed them irregular and not valuable.
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