09 Aug 1958
Page 1
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Newspaper
Middlesboro Daily News
Location
Middlesboro, Kentucky, United States of America
Date
Aug 09, 1958
Page
1
A New York column discusses stock margins and government bonds, noting low margins lure speculation yet lend risk. It highlights margin requirements, potential profits from small market moves, and warnings from investors about liquidity and safety amid shifting Treasury offerings and a steel market outlook.
A mixed update from the Tri-State region notes Army personnel from St. Charles Virginia and nearby areas serving in Europe and the Pacific. Burgan, a squad leader with the 4th Infantry in Bamberg Germany, arrived in Europe last May after enlisting in November 197. Salyers, a demolitions specialist with the 2ath Division, participated in annual combat efficiency tests in Hawaii, arrived from Fort Bragg, and attended St. Charles High School. Additional brief mentions cover Pineville and Dryden area service members, various postings at Fort Hood Fort Myer Fort Fustis and Fort Knox, plus training and assignments across the Army.
In Winchester a late afternoon fire at Gibson Lumber Co caused an estimated 40 000 to 50 000 in damage. The blaze started in an electric motor destroying a building housing machinery and lumber. In Louisville Mrs Caudie Hicks 77 died from injuries suffered after being struck by a car. In Harlan a five mile stretch of U S 421 from Crimmins Mountain to the Virginia line may be resurfaced next year per the highway commission. In Cookeville three Kentuckians complete NSF institute study at Tennessee Polytechnic Institute. In Bowling Green Judge John K B Hodes praised Dr H Cherry former WKSC president for advancing Kentucky education as 247 graduates wrap summer commencement exercises. Also Lajos Kossuth commemorated with a new stamp to be sold in Washington, Sept 18 19.
Bell County roads receive blacktop contracts after bidding by Kentucky firms. Kentucky-Virginia Stone Company wins the job with a bid of 11,405 dollars. Work covers Pine Mountain State Park Road near Collar Cumberland Gap Road and extending toward Kentucky Route 188.
Engineer Melvin Wreten recounts surviving the collision of two tankers near Newport aboard the SS Graham. He describes fuel fumes flooding the engine room, a massive fire, and crew evacuations as Captain Anderson ordered the general alarm. The Rhode Island later rescued the crew, leaving Wreten to reflect on the ship’s destruction.
Hospital notes list admissions and visits across multiple towns. Names include Kenneth Weaver, Mrs. Roger Rector, Mildred Bush, Charlene Brooks, William Yeary, Eleanor Yoakum, and many others. Births noted include Lester Scott in Harrogate and a girl at Mollie Shed.
Palmer the Latrobe Pa golf champion withdrew from the Miller Open in Milwaukee after a Friday second round 73 for a two day total of 143. He said he was tired and wanted to go home to his newborn daughter born Monday. Martial results from other sports include Mervyn Rose reaching the German Championships semifinals by beating Anton Jones, Joe Koppe joining the Milwaukee Braves, and pacehorse stars and tennis festival entries at Rye.
UPI reports the state Fish and Wildlife Resources notes crappies hitting in several lakes with decent bluegill catches by fly fishers. Anglers report good bass activity in Currerland and nearby areas with morning and afternoon fishing, though some details are garbled.
A pep talk on 35mm speed and equipment shows how fast shutters and wide lenses reduce motion blur in action shots. It notes that high shutter speeds around 120th of a second or faster, plus wider apertures, help capture jumping, swimming, and running subjects clearly while keeping proper exposure.
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