29 Oct 1959
Page 1
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This newspaper page contains 13 articles. Subscribers can read the full text of each article.
Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 29, 1959
Page
1
The Southern fall furniture market reports new business highs with buyers from High Point Lexington Hickory and Lenoir placing large orders. Industry leaders say steel strike concerns fade as 1959 looks set to be a record year and over 5 000 buyers have visited the event.
North Carolina factories report record buyer turnout at High Point previews with Premier Division’s Hersheimer calling demand fabulous. Thayer Coggin and Bassett show strong sales as buyers from across the region flock to the market, praised as the biggest ever.
A 100 foot diameter plastic balloon, launched from Wallops Island Virginia, rose to about 250 miles up before gradually drifting into the sea. The experiment drew widespread public interest and astonishment as observers mistook it for a flare or blimp. NASA described the craft as lightweight and not intended for orbit.
The known dead neared 100 in Colima and Jalisco as floods isolated western states after weekend storms. Air rescues continued to reach hundreds driven from homes while military convoys carried aid. Manzanillo reported 80 fatalities and at least 100 missing with 500 in danger.
The Supreme Court refused to order the United Steelworkers to speed up their appeal of a Taft Hartley back to work injunction amid the 107 day steel strike. The union faces an appeal deadline Monday after a Philadelphia court upheld the injunction. The case could push ruling into mid next week as negotiations resume and mediation officials warn of a Washington conference deadline if talks fail.
A team of doctors in Hayward California claim the first successful graft of a severed human leg at Eden Hospital. The operation, kept secret for three months, involved reconnecting main arteries and veins to restore blood flow to Billy L. Smith 25 who was injured by a crane. The names of surgeons remain confidential until journal publication.
Eastern Air Lines opened a 20 million dollar jet terminal at Idlewild Airport, touted as the largest for a single airline. The inaugurals sent two planes on parallel runways to Montreal and Washington and St. Louis, with the first arrival from San Antonio Texas.
The 37 year old head of one of the world’s newest nations traveled with his wife and party to Durham to receive an honorary Doctor of Laws from North Carolina College, a Negro institution, during a 16 day U S swing. A State Department representative translated marks as Toure urged friendship and a better world.
Paris reports that the Western summit will meet around December 15 to discuss East West talks. Maurice Couve de Murville said the Four Power leaders Eisenhower de Gaulle Macmillan Adenauer aim for a lasting meeting. De Gaulle reiterated that the summit should occur next spring with Khrushchev’s France visit planned for early 1960.
Family Weekly commissions Ellery Queen to investigate the 1943 Bahamian murder of Sir Harry Oakes. The suspected killer has never been arrested or publicly charged, and Queen provides an exclusive report on the puzzling events surrounding the case.
Atlas missile launched from Cape Canaveral crowned by a nearly 12 foot tall tactical nose cone on a two stage flight over the Atlantic. The Air Force spokesman declared the test a success with all objectives reached. The cone targets faster re entry heavier payloads and greater accuracy. Earlier this month the first test was successful and another Thor rocket flight followed the Atlas test.
Governor Hodges heads a 65 person delegation on a five nation Western Europe trip to promote North Carolina industry and shipping. The group sails from Idlewild to London, then Amsterdam Stuttgart Munich Zurich and Paris with addresses, dinners, and a Radio Free Europe appearance in Frankfurt.
The article marks the 30th anniversary of Black Tuesday, October 29, 1929, describing the stock market crash, the ensuing bank failures, and the regulatory safeguards since then. It notes trading volumes, the role of the Securities and Exchange Commission, and the need for diversification to avoid total loss.
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