Dow Jones Declines as Blue Chips Hit Profit Taking
The Dow Jones average falls as blue chips and Unilever drop amid profit taking. Industrials slip while rails and utilities waver and activity remains heavy in a cautious market.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 14, 1961
Page
2
The Dow Jones average falls as blue chips and Unilever drop amid profit taking. Industrials slip while rails and utilities waver and activity remains heavy in a cautious market.
In Albany Georgia 555 Negroes and 5 whites have been arrested since Sunday as protests over segregation escalate. Police report mass detentions, with over 300 held, and ongoing demonstrations amid trial proceedings for jailed Freedom Riders. Authorities blame outsiders aided by the NAACP as city leaders vow to keep peace.
Norman Walker reports Meany secured a renewed two year term as head of the AFL-CIO at a week long convention in Harbours Florida. He won support for a new interunions dispute settlement system and civil rights efforts while smoothing relations with A Philip Randolph. The federation kept the Teamsters issue unresolved pending Hoffa's ouster and reform. Albany Negro demands for desegregation and better local opportunities were highlighted at the convention.
A reader shares a decade of investing with losses totaling 4000 dollars amid high risk picks and a broker course. The columnist blames risked small issues and Canada oil plays, urges sticking with quality leaders and long term holds, and notes the value of not overtrading. Mr Shulsky invites mail and requests for a list include stamped self-addressed envelopes.
Cotton futures opened today in New York at 15 to 30 cents a bale below the previous close, signaling a weaker start for the market.
An advertisement urges U S leaders and U N officials to halt UN military operations in Katanga and withdraw forces. It calls for recognizing Moise Tshombe as Katanga's legitimate spokesman and seeks restitution for damage. Dirksen discusses the matter with President Kennedy by phone after reviewing the committee’s program.
The Rev. David Andrews, a 37 year old Methodist minister from Boone North Carolina, says he will kneel again at the White House after being freed on a charge that he obstructed the sidewalk. He supports Morton Sobell, says Sobell was unjustly convicted.
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