Cotton futures rise at New York open
New York cotton futures opened 15 cents higher and traded around 45 cents lower on the day. The advance followed market activity in early trading as traders weighed supply data and demand signals.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 11, 1956
Page
9
New York cotton futures opened 15 cents higher and traded around 45 cents lower on the day. The advance followed market activity in early trading as traders weighed supply data and demand signals.
Aircraft shares led gains as defense spending outlook buoyed sentiment while overall trading was active but mixed. Major names like United Aircraft Lockheed Boeing and Douglas rose modestly, while Bethlehem Steel and U S Steel slipped. The Associated Press index edged down with rails and industrials lower and utilities up slightly.
Police reported two assault incidents yesterday with a knife and a brick involved. Hubert Ratcliff age 19 of Willowbrook Street faces assault with a deadly weapon for wounding Archie Coleman on Hoskins Street. Robert Cox age 46 of Leonard Street is charged for throwing a brick at Anna Mae Bethea on Cecil Street but missed. Bond for Ratcliff set at 200 and Cox at 100 with trials scheduled December 19 and 21 respectively. Doris Johnson was arrested on two trespass charges with damages to back screen doors and jailed on 600 bond total. trial date set for December 21.
A 16 year old, Ernest W. Welborn of Pomona, awaiting trial on auto theft and hit and run, attempted to break from the county building detention room in Greensboro by punching two holes in the steel screen window. A passing officer alerted deputies. Welborn, manacled, was recaptured. He had escaped the Greensboro jail previously by taking cell keys from the jailer.
The Rev. Lee Tuttle, superintendent of the Winston Salem district of the Methodist church, will be guest speaker at High Point College Wednesday at 10 20 a m in Memorial Auditorium. Former pastor of First Methodist Church of Charlotte, he speaks to college friends invited to attend.
Guilford County commissioners delayed action on a rural zoning plan to the next regular meeting in January. Proponents were urged to meet with area residents often uninformed about the plan, as some residents voiced doubt after learning of the proposal only two or three days earlier. The Western Friendly Road Community outside Greensboro hosts the zoning effort. Dr. J. N. Caudle apologized for petitioners failing to contact many residents.
The Dow Jones averages show mixed trading with 30 industrials around high 490s at midday and 12 noon close figures noted. Utilities and rail stocks appear in the listing with volume tallies, marking active trading and price movement for the session.
A large band of hoodlums blocked Polish Army Street in Stettin, smashing streetcar windows and beating police amid drunken singing. Demonstrators attacked the Soviet consulate, while the city’s Polish United Workers Party forces dispersed them. An inquiry was ordered and those responsible face severe penalties. The Horizonty student paper was confiscated. press officials warned publication would hurt national interests.
A 71 year old Winston Salem man John Melton Mot singer was charged with failure to yield after a two car collision at the intersection of Long and State Streets at 4 30 p m yesterday. The other driver Carl Edmund Ferrell 13 of Fairfield Road sustained no injuries. Damages were estimated at 275 dollars. A passenger Mary Motsinger suffered minor bruises on her head and left wrist.
The Puerto Rican capitol building at San Juan features exterior white Georgia marble and interior finishes in Tennessee and Italian marbles, showcasing a mix of regional stonework.
Secretary of State Dulles told NATO ministers that the Soviet system is weakening as rulers lose power and liberalization pressures rise in the USSR and its satellites. He urged restraint, cited Western adherence to UN Middle East decisions, and predicted Soviet despotism would fail to endure if the West remains steadfast.
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