Cotton Futures Open Higher in New York
Cotton futures opened Friday in New York with gains of five to forty five cents a bale over the prior close.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 04, 1961
Page
2
Cotton futures opened Friday in New York with gains of five to forty five cents a bale over the prior close.
Havana reports that Fidel Castro's government protested to the U N Security Council claiming U S congressmen blamed the regime for a Boe ing jet hijacking. The Cuban note accuses Washington of using the incident to push military aggression and threaten war against Cuba.
SUFFIELD Alta. scientists detonated 100 tons of TNT in a controlled shock wave hailed as the largest unconfined non nuclear explosion. The experiment, part of a joint Canadian British U S project, aims to study blast effects on military targets and collect scientific data.
FAA authorizes armed airline crews to deter hijackings amid El Paso standoff. President Kennedy rejected any deals, praising safety and instructing agencies to secure passengers and crew. Industry reaction splits with American Airlines opposing arming crews.
Congress approves a compromise farm bill aimed at trimming grain surpluses. The measure departs from Secretary Freeman's draft, and President Kennedy is expected to sign. The original price support plan for crop programs was dropped after heavy committee opposition.
Army private Calvin Williams 23, stationed at Fort Lewis in Washington, shot his wife Hilda and Eloise Ferris of Tacoma after a family quarrel, then killed himself as police closed in. Mrs. Williams died later at a hospital. Ferris died at the scene. Williams’ parents live in North Carolina.
Moscow released a note signed by Khrushchev urging Western powers to join with the U S S R in negotiating a German peace treaty. The document recalls the Paris summit of May 16 1960 failed after the U2 incident involving Francis Gary Powers on May 1 1960.
Parliament endorses Prime Minister Harold Macmillan's plan to begin talks for Britain joining the European Common Market by a 313 to 5 vote in the Commons amid Labor abstentions. The Lords approve the motion as Britain seeks economic realignment with France the Netherlands Italy and other members. Talks on terms likely begin in October with Britain seeking safeguards for Commonwealth ties farmers subsidies and sovereignty.
FBI and congressional reaction follow a bold hijack by Lloyd and Cody Bearden aboard a Continental Airlines Boeing 707. After negotiations led by Francis Crosby, a knockout by Gilman Bearden and a swift takedown, all hostages are freed. The pair face charges of transportation of a stolen aircraft and kidnapping.
Leon Bearden, 38, and Cody Bearden, 16, of Coolidge Arizona, were arrested in El Paso on hijacking and kidnapping charges after nine hours of tense confrontation aboard a plane with 67 passengers. They faced $100000 bond as federal officials questioned Cuban involvement.
President Kwame Nkrumah of Ghana arrived in Belgrade after visits to the Soviet Union and other Eastern European nations. President Tito welcomed him at the airport as talks between the two leaders are planned.
The text notes three plans received FBI approval while a fourth plan was discarded. It references the phrase nose off the plane and mentions a potential airborne action, indicating a coordinated effort under FBI oversight.
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