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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 05, 1960
Page
2
New York trading opened with a modest overall decline as the AP average of 60 stocks slid to 213.70 at noon. Industrials led losses while building materials gained. Dow Jones average fell 1.66 to 594.34 as bonds stayed steady and several big names listed among active participants.
The market rundown shows the Dow Jones averages with industrials near 594 to 506, utilities around 95, and notable quotes for American Telephone Union Carbide United Aircraft Westinghouse U S Steel and Woolworth. Volume figures indicate 720 000 to 3 140 000 shares traded across listings.
The flue-cured tobacco sales season nears end with four markets remaining Winston-Salem closing Friday Danville and South Boston Virginia closing December 14 and Reidsville with no set date Prices and quality declined last week with 6 789 129 pounds sold at an average of 52 11 per hundred Virginia markets moved 4 588 131 pounds at 52 44 and North Carolina 2 200 998 pounds at 51 45
France faces a delayed UN General Assembly debate on Algeria as Congo Brazzaville and Chad seek postponement to give Charles de Gaulle more time to win backing for his policy. Algerian rebels want a swift start and UN supervision for a final referendum. The move could test Africa's bloc within the French Community and reshape North Africa diplomacy.
President elect Kennedy is expected to name Udall to an interior post and Hodges to commerce secretary. He will chair a study committee on federal aid for areas with chronic unemployment, focusing on West Virginia and similar regions.
Protestant leaders across New York discuss a merger plan uniting four major denominations with a goal of a single church over 20 million members. The proposal draws on the United Church of South India precedent and envisions joint consecration services to preserve apostolic succession.
Tom Ewell says he studied out of town reviews of The Tom Ewell Show and used the criticism to reshape the program. He cites a need for real comedy rather than forced realism and notes plans to adjust father figure portrayal and use misunderstandings to drive humor.
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