Stock Market Mixed After Early Gains in New York
Stocks showed a weaker tone after an initial mixed trend with limited losses and a few gains. Rail stocks rose as Pennsylvania Railroad declared its first dividend, while Ford Motor lagged after a disappointing earnings report. Boeing and aircraft shares fluctuated, major steels slipped, and bonds held a narrow range in quiet trading.
MENTIONED IN THIS ARTICLE
NEW York
Pennsylvania Railroad
New York Central and Southern Railway
Atlantic Coast Line
Southern Pacific
Ford Motor
Boeing
U.S
Lie Test Results Awaited in Marion Slaying Case
Edgar Logan 36 remained jailed in Marion North Carolina as investigators awaited lie detector test results and review of evidence in the death of 69 year old widow Mrs J F Wilkinson. Logan’s brothers William and Eulas were questioned and released with no charges. Investigators sought clues and a missing blunt instrument suspected as the weapon.
MENTIONED IN THIS ARTICLE
Marion
N.C
Edgar Logan
William
Eulas
J. F. Wilkinson
D. W. Smith
Edgar
Raleigh
SBI
Coastal Storm Subsides Off Virginia Capes Damage Reported
Storm off the Virginia capes caused deck and passageway damage and sent ships Ellison and Sumner back to sea from Norfolk. Seven traffic deaths were blamed on the Wilmington area storm with over twenty injured in about fifty accidents due to poor visibility and 75 mph gusts. High winds toppled roofs and flooded beach resort areas while New Bern faced six feet tides at the Trent Neuse rivers confluence.
MENTIONED IN THIS ARTICLE
Virginia Capes
Norfolk
Ellison
Sumner
Wilmington
Helene
New Bern
Neuse
Dulles Seeks Cease-fire Backing in Taiwan Convoy Talks
Dulles pressed Chiang Kai-shek to pull back troops as a sign of a lasting cease-fire while artillery bombardment of Quemoy and nearby islands continued at reduced intensity. After meetings at the Taipei Defense Ministry, U S envoy Evertt Drumright reaffirmed Washington’s policy and suggested a return to escort convoys if Chinese Communist attacks resume.
MENTIONED IN THIS ARTICLE
Dulles
Chiang
Quemoy
Red
Ministy
Peiping
Defense Ministry
United States
Dow Jones Averages Reported By Bache & Co
Market figures list Dow Jones indices with 12 noon and 1 pm values for Industrials Rails Utilities and Stocks. Trading volume reached about 4.49 million shares by close with notable shifts in several groupings.
MENTIONED IN THIS ARTICLE
Bache & Co
Understanding Gross National Product and Its Critics
The article explains GNP as the dollar value of all goods and services produced in the nation and describes its components personal consumption, private investment, inventories, foreign spending, and government purchases. It notes critics who say GNP omits other activities and can distort economic pictures due to price changes.
MENTIONED IN THIS ARTICLE
New York
United States
Eisenhower
Council of Economic Advisers
Rowan Gets Wrought Iron Furniture Plant
Salisbury chamber says Woodward Co to build 33 000 square foot plant in Rowan County. Carolina Forge will market furniture. Owners are brothers Russell Lynn and Joseph Woodard of Owosso Michigan. Production hoped for early 1959. 30 to 50 jobs initially.
MENTIONED IN THIS ARTICLE
Salisbury
N. C
Salisbury Chamber of Commerce
Woodward Co
Rowan County
Carolina Forge
Russell, Lynn
Joseph Woodard
Owosso
Mich
Jury Court Opens as Most Dockets Go Untried
About three quarters of a 70 case municipal court docket were not pressed to trial as a one week term began. Several defendants waived jury trials or failed to appear, with outcomes including suspended sentences and fines for reckless driving assault and related charges.
MENTIONED IN THIS ARTICLE
Byron Haworth
Wade A. Johnson
Proctor Street
Johnson
Linda Gordy
Ridgecrest Drive
Haworth
Byron Willis Hadden
Williams Street
Thomasville
Kathleen Davis
Osborne Street
Dorothy Thomas
Moffitt Drive
Paul F. York
S. Hamilton Street
Felix Little
Grimes Street
York
James Maxey
Route 2
Kernersville
William H. Young
Jamestown
Maxey
Dorothy Barnes
Mendenhall Street
Baptists to Sponsor Guidance Clinic in Greensboro
The Piedmont Baptist Association will sponsor a vocational guidance conference tomorrow at 7 p.m. at First Baptist Church in Greensboro. The event aims to help church leaders understand the urgency underlying the current Southern Baptist pro- gressive movement.
MENTIONED IN THIS ARTICLE
Piedmont Baptist Association
First Baptist Church
Greensboro
Southern Baptist
Conference to Promote Vocational Guidance in Churches
Leaders at the conference include Rev. John Tubb of the Baptist Sunday School Board Dr. Allen Graves of Southern Seminary Louisville and Dr. Luther Copeland of Southeastern Seminary Wake Forest. The program aims to strengthen this emphasis in local churches and associations through a planned vocational guidance program.
MENTIONED IN THIS ARTICLE
John Tubb
Baptist Sunday School Board
Allen Graves
Southern Seminary
Louisville
Luther Copeland
Southeastern Seminary
Wake Forest
Polio Cases Rise in Detroit Area
Four new polio cases in Detroit raise this year’s total to 602 with 19 deaths. Wayne County outside Detroit reports two new cases and one death, lifting county totals to 186 cases.
MENTIONED IN THIS ARTICLE
Detroit
Wayne County
Also Mentioned on This Page
American Can Co
Standard Oil Co. Jones Laughlin Steel Johns Manville Loew's Inc
Norfolk & Western
Ray, Phillips Petroleum
Pennsylvania Railway
Pepsi-Cola
Procter & Gamble
Reynolds Tobacco
Republic Steel
Sears Roebuck Southern
Dow-Jones
Jly
Piedmont
West Washington St
Business Mirror
Sam Dawson
AP Business News
Commerce Department
Rowan
Arlie
Thelma Hughes
Smith Street
Barnes
Baptists State Guidance Clinic
Warner's Transfer & Storage Co
Leonard
High Point
Greensboro Trading Area
D. M. Smart
Broadway
Gol EN ”Sso
Esso
Esso Standard Oil Company
Golden
Esso Extra
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