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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 05, 1961
Page
2
Savings and loan shares fell again while market averages opened lower. The AP 60 closed near 266.30, with major sectors mixed and heavy trading. West Coast S&Ls slid on news banks may raise rates to 4 percent, boosting loan competition.
The Katanga crisis escalated with mortar fire around Elisabethville as U N forces report casualties and Katanga ministers present at a news conference despite UN claims. Urquhart accuses Katanga of breaking the peace by advancing toward the airport while Katanga vows to defend itself.
Mrs Habert and other visitors raise concerns over a gouache display with an upside down composition at a Paris exposition. Monroe Wheeler, director of exhibitions, inspects the piece and confirms the defect, urging serious consideration despite cautious staff.
Last May in Seneca Massachusetts a rancher group including Justice Douglas and Senator Udall faced disruption as Mrs Regis refused entry to Udall after a 16 mile hike. Udall urged patience and promised compensation while locals feared land loss and tax hikes. The Prairie National Park plan has been studied since the 1930s with a 1959 recommendation. Congress must approve.
Cotton futures opened in New York rising ten cents to about 1.20 dollars per bale above the previous close. The move reflects early trading momentum as markets respond to overnight developments.
The Dow Jones figures show the Industrials at 730.58, 730.98, and 731.22 at the three time marks. Rails stand at 146.47, 146.25, 146.60. Utilities are 134.71, 135.00, and 135.00 with 65 Stocks at 249.90, 249.46, 249.63. Trading volume records 980,000, 1,840,000, and 4,560,000.
Foreign ministers of 21 Western Hemisphere nations will meet in January to consider economic and political sanctions against Fidel Castro's Cuba. The OAS Council backed a Colombian resolution 14 to 2, with Mexico and Cuba voting no. If Cuba is deemed a threat, sanctions like those on the Trujillo dictatorship could be discussed.
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