11 Dec 1962
Page 1
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 11, 1962
Page
1
The Dow Jones averages hover near their peak as counter stocks show strength. Market watchers cite broad gains, with notable activity across sectors from West to Page 1A. Investors eye sustained momentum amid mixed guidance and rising trading volume.
New York stocks opened with declines as steel, motor and select issues retreated, then edged higher while the market overall posted a loss. Dow off .53 at 634.24, with Industrials down and bonds mixed amid heavy snowfall affecting trading and regional demand.
Rusk said Ellender's later statement clarified and greatly improved the effect of his earlier remarks. The exchange reflects ongoing debate over the senator's controversial comments and their public impact on U.S. policy and discourse.
BEN DEFOREST CARMICHAELS Pa AP The five day search ends as rescue crews recover the last of three miners entombed by a methane gas and coal dust explosion at U S Steel Robena No 3 mine The blast occurred at 1 15 p m Thursday in a soft coal mine officials say killed all instantly
Los Angeles AP reports actor Ken Maynard was arrested on suspicion of drunken driving after officers halted his slow moving car. Officials say no significant developments were expected from NATO talks and focus remains on U S Soviet nuclear strategy and Cuba.
The American Farm Bureau Resolutions Committee endorsed continuing current tobacco control programs and maintaining cotton price supports. It favored lowering cotton supports to meet foreign and synthetic competition, restoring planting allotments near 1962 levels, and opposing export subsidies for cotton merchants. The committee urged rapid removal of restraints on cotton, wheat, rice, peanuts, and tobacco, and sought limits on government stock sales to avoid market dumping. It also proposed extending soil bank land retirement to reduce unneeded crop land.
The Little MC-Better Young Women and Men's Club will crown Miss Holiday during Parkstown's parade with gifts for children. Parkstown shoppers entered prizes in three local stores. The Wayne County Board of Education agreed to dismiss schools early to let youths attend. With funds exhausted, the Parkstown Citizenship Club launches an 11 am barbecue to cover festivity costs as people from neighboring counties travel to view the parade.
President Kennedy and Mrs Kennedy will spend the Christmas to New Year holidays at Colton Capton Mi estate in Palm Beach Florida with their children. Kennedy will travel there from a December meeting in Nassau with British Prime Minister Harold Macmillan. White House press secretary Pierre Salinger reported the President has a slight sniffle but will maintain a full schedule after returning from Palm Springs California.
New York police raided a Harlem apartment Monday and seized heroin valued at $150,000 on the street. Detectives reported more than 10 ounces of heroin in three packages wrapped in red and gold Christmas paper.
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