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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 05, 1962
Page
2
The New York market showed resilience as trading remained heavy and the AP 60 rose .8 to 242.7 by noon. Industrials gained 1.9, rails up .1, utilities up .2, with most blue chips advancing and glamour issues rising over 2. Motors oils chemicals electronics and aerospace names led gains while steels slipped.
The report notes criticism of Chester Bowles and Fowler Hamilton before resignations and recalls of West German Ambassador Wilhelm Grewe, amid a broader view of Stevenson dissent on Cuba policy. Financial markets opened with mixed moves as the Dow rose 3.09 to 654.57 with varied gains across IBM Xerox and General Electric.
A quantity of stolen merchandise was found at the home of William Marlowe, a 40 year old former Cleveland police officer who admitted taking 3000 dollars in cash in thefts over 18 months and implicated 10 other patrolmen. Marlowe resigned after his arrest Monday and faces burglary and larceny charges.
The Dow Jones Industrial Average sits at 654.57 at midday with 3,029,000 volume across the listed securities. Rails and Utilities show modest gains with Rails at 140.92 and Utilities at 126.59 as the market aggregates 5,210,000 in total traded shares.
Sparkie Williams, Britain’s richest and most talkative budgerigar, dies at age eight. The bird, famed for reciting nursery rhymes and a £1,000 bank account, rose to celebrity after out-talking 3,000 birds in a BBC contest. He starred in TV adverts and a BBC memorial broadcast aired.
The REMOVAL petition alleges Austin accepted a $50 bribe from Braswell while charged with a crime. It claims Lennia Taylor testified in Recorder's Court on Aug 20 that she sent $35 to Judge Austin to influence her case.
Prime Minister Nehru flew to northeast India for two days of talks with army commanders and public speeches amid ongoing Chinese threat. Defense Minister Y B Chavan and several generals joined the trip, visiting Gauhati and Tezpur to assess troop movements and support continued five year plans despite military tension.
A man beaten and subdued by U S marshals was removed from a courtroom during a $1 million conspiracy trial as Judge Miller ordered a recess and a full report. About 50 to 60 spectators watched while U S Marshal Elmer Disspayne led the injured man away.
The Defense Department announced a sweeping reorganization to boost reserve readiness by abolishing four Army Reserve and four National Guard divisions and creating 11 new brigades plus six high priority Guard divisions. Governors object, led by Washington's Rosellini, who urged delaying changes until after a state adjutants general meeting.
Seoul AP reports the South Korean military junta lifted martial law in force since the May 1961 coup. The move comes 12 days before a referendum on the proposed new constitution.
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