Opening Cotton Futures No Trades Registered
New York AP report notes that there were no trades recorded in the opening session of cotton futures today.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 24, 1962
Page
2
New York AP report notes that there were no trades recorded in the opening session of cotton futures today.
The AP market summary shows the Dow Jones average at noon down 0.6 to 225.8 with most leaders flat to lower. Industrials and several key sectors eased while high priced gainers dropped, as traders avoided weekend exposure after a sharp prior rout.
Walter P. Reuther calls for a million teachers to join a strong teachers union to secure fair pay and conditions. He criticizes society for underpaying teachers and urges prioritizing teachers’ organizing amid AFL-CIO meeting. The AFT wraps up its convention with 70,000 members and a new race welcoming site decision.
The British High Court refused Robert A. Soblen's habeas corpus bid to avoid deportation to the United States for a life sentence. Justice John Stephenson upheld Home Secretary Henry Brooke's order, noting deportation authority rests with the home secretary. Soblen remains in Brixton Prison hospital while appeals proceed.
Western commanders said Soviet agents stoked tensions at Checkpoint Charlie while East and West Berlin faced escort rules. More than 100 U S Army vehicles moved unescorted from West Germany into East Berlin amid threats of mandatory escorts for all American cars. Soviet officers briefly blocked armored cars at the wall before agreeing to safety escorts. An East German policeman was shot near the wall and a crowd gathered in the French sector. French troops and West Berlin police dispersed them without further violence.
Western powers issued a renewed note on June 25 insisting the four power occupation of Berlin persists despite Soviet claims. Moscow rejected previous Western bids and shows no sign of change. In Berlin, Mayor Willy Brandt helped calm a crowd after East German guards fired on a demonstrator, Hans Dieter Wesar 19, at Bornholmerstrasse station, dying en route to a hospital.
A research team notes that animal skin painting is not directly tied to human cancer and states that human lung cancer has not been produced in animals by lifelong tobacco smoke exposure. They report that all six cigarette brands caused cancer in mice, but filtered cigarettes delivered less smoke to the target area and lowered tumor incidence. The ideal outcome is complete cessation of smoking.
The Justice Department asked courts to prohibit the House of Seagram from fixing liquor prices nationwide in a civil antitrust suit filed with a criminal information. Authorities accuse Seagram of conspiring with Miami Crown Distributors and Palm Beach Crown Distributors to set wholesale and retail liquor prices in southern Florida. Seagram's New York headquarters distributes most Joseph E. Seagram & Sons products. in the year ending 1961 Seagram & Sons earned over 170 million with assets over 456 million. The government seeks nationwide relief beyond Florida.
Truffles, prized by gourmets for their aroma, are located using pigs, dogs, and goats trained to sniff out the fungi.
Members of two Bowling teams sponsored by Junior Order Trophy Council 29 were honored at a dinner in the Council Hall on S Main. The Industrial Bowling League champions received trophies from Tracy Fields. Team members included Poindexter Cross Peele Robbins Fields Oliver and captain Oliver.
In Durham North Carolina fifty protesters gathered outside a Howard Johnson restaurant Thursday night to press for opening to Negro patrons. Three were arrested for trespassing and charged. one, Michael Pinto, 20, faced an assault count against Deputy Marvin Davis. A Hungarian descent youth from England was identified among the demonstrators.
The drug safety bill sailed through the Senate without opposition and heads to the House after a 78 to 0 vote. Kefauver led a failed bid to require compulsory licensing of drug patents amid 500 percent price markups. The measure adds FDA effectiveness proof, drug registration, quality controls, inspections, and promotes generic naming to aid shoppers.
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