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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 26, 1958
Page
5
High Point hosiery and furniture sectors show improved demand with rising orders and better quality goods moving faster. Chemical progress and new facilities drive growth statewide, while new offices and plants expand in Salisbury and nearby areas.
The document lists bid and asked price quotes from NASD and other sources as an unofficial guide. It notes quotations reflect ranges for various securities as of October 23 1958 and states origin of quotations is available on request. The list includes company names across banks mills gas companies insurers and manufacturers with varied price points.
The Associated Press reports weekly price declines on Mid Belt tobacco while Middle and Eastern belts show steadier trends. Old Belt sales averaged 58.30 per 100 pounds for 28,266.47 pounds, down from last week. overall season totals near 180 million pounds at 58.84 average. Middle Belt sales averaged 58.90, totaling 12,086,966 pounds. season total about 115 million pounds at 57.26 average. Eastern Belt sales 60.27 per 100 pounds from 19,243,190 pounds. season total 386 million pounds at 57.12 average.
Chartered local floor coverings company R L Edwards receives charter of incorporation with Earldine Edwards and Luis Curlee as incorporators. Authorized capital set at 100000 dollars.
New York AP reports corporate bonds gained on light turnover as government securities closed mixed with a tilt toward higher. Fed discount rate rose in five districts, hinting at broader moves, yet short term rates climbed too, lifting Treasuries and keeping a cautious backdrop for investors.
Phoenix official Ray W. Wilson denies claims managers have too much say in city affairs. He quips at a Phoenix Advertising Club luncheon that council members can fire a city manager if they dislike how he combs his hair. Wilson is bald.
New York AP reports a week of subdued trading with falling average prices as turnover dwindled. The Associated Press 60-stock average closed at 197.60, down 1.50, while rails rose 1.10 to a 1958 peak amid selective gains driven by news and rumors.
A fragment of optimistic verse suggests that a touch of tomorrow's happiness can be borrowed to brighten the present moment. The tone invites careful, small daily pleasures to ease current burdens.
An American Airlines Boeing 707 flew from Los Angeles to New York in 4 hours 43 minutes, a record for commercial jet transports. The flight carried 39 passengers and 5 crew, with weather delays near Idlewild Airport. Officials note previous records by DC-7 and pace of future jet service beginning in January.
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