Cotton futures open ten cents lower in New York
The market shows cotton futures starting the session 10 cents per bale below the prior close in New York as traders weigh supply demand signals and market sentiment.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 02, 1963
Page
2
The market shows cotton futures starting the session 10 cents per bale below the prior close in New York as traders weigh supply demand signals and market sentiment.
Chicago from page LA reports brick strewn streets and halted traffic as police seek to quell a racial row in Englewood. A public meeting of residents adjourned amid fears whites would resist integration. A biracial committee met at the station to find a solution as Negro families move into the area.
During a Senate Civil Rights hearing, Rolvaag defended a federal public accommodations bill, while Lt. Governor Aycock argued against it citing the 1954 Supreme Court ruling. Panel pursuing statements kept open until next Tuesday for further comments.
The bald eagle mates for life and returns annually to its huge nest, repeating a long standing avian courtship and nesting cycle observed in northern habitats.
The Dow Jones Industrial Average stood at 695.95 at 11 a.m. and 694.87 at close, with Rails at 167.68 noon and 167.03 at close, Utilities 139.92 noon and 139.73 close, and Stocks 251.09 at noon and 250.58 at close. Volume rose from 780,000 to 3,410,000 across periods.
U S announces a complete ban on sale of weapons and military equipment to South Africa by end of 1963, after already restricting items used to enforce apartheid. Ambassador Stevenson says existing commitments delay full effect. Ghana's Alex Quaison-Lackey denounces Pretoria and urges UN action.
Dr Ward, described as critically ill, faced a potential 14 year sentence while unaware of his guilty finding. Flowers lined his private room as Miss Gulliver was denied access. Ward blamed the Profumo affair for political and social upheaval and Macmillan’s onetime resignation pressure.
James M. Landis former dean of Harvard Law School and Kennedy adviser pleaded guilty in federal court to late filing and payment of income taxes for five years. He cited public affair pressure and sale of inherited securities to meet a family need. He had been charged with five counts of failing to file from 1956 to 1960. Sentencing set for Aug. 30. he filed late returns and paid the due taxes. Landis, 63, later cooperated in the investigation and had a long public service career including roles with Harvard, the Civil Aeronautics Board and various federal agencies.
In Goslar East German guards fired on an elderly man and a woman attempting to flee to the West. The man was shot in the leg and killed with a second burst. the woman was wounded and led away. Tourists from Sweden and Denmark watched, some crying out in anger as stones flew toward the border guards.
A description notes that barren rock in Norway is carved by streams and buried under glaciers, covering about three fourths of the country’s terrain.
The North Carolina Conference of the Wesleyan Methodist Church announced final pastoral changes at its annual meeting held at Colfax campground. New appointments include Asheboro Crestview Billy E Flinchum and Jamestown FE M Gardner. High Point Ennis Street Richard A Stanley Sr and Hickory Chapel J W Phillips. Lexington Arthur L Wesley Jr. Summerfield Liberty Sidney A Loggins. Thomasville Memorial Park Arthur S Moorefield Sr. Trinity Robbins S T Brown Sr. Troy Reynolds Memorial Hall Browne. Hopewell Summerfield pending approval by president and advisory board.
Veteran and longtime WIST radio editorialist died after months of illness. Survivors include wife Helen Dunn Creasey of Wilmington, son Ernest Jr. a First Union National Bank VP, daughter Mrs Norman E. Fidler of Ridgewood New Jersey, and sister Mrs S S Storer of Douglassville Georgia. Funeral Saturday at Covenant Presbyterian Church with burial in Elmwood Cemetery.
SAUSALITO Calif AP Air Force T Sgt Oliver B Cleavenger 35 was fishing at an isolated Ft. Baker beach when a rope tied to a tree failed his rescue. He dangled observed by a bystander who alerted rescuers spoiling his day of fishing.
President Kennedy says backing civil rights legislation may hurt his political prestige but he will press ahead. He calls the racial issue a national crisis and expects both parties to seek equality of opportunity for all citizens. He also rejects Rep. Adam Clayton Powell’s call for Negroes to shun white leadership in the movement.
Atty. General Wade Bruton issued a formal opinion declaring the 1963 General Assembly ban on Communist speakers at state supported colleges constitutional. The ruling, requested by Rep. Phil Godwin, states the act targets Communist participation and does not curb academic freedom or learning of communist doctrine.
Senator Ervin warned that desegregation measures would become a political weapon used to curry favor with groups and force state officials into submission. He said federal funding withholds in cases of racial discrimination amount to pressuring states to conform to the President's views without court hearings, calling the power staggering.
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