Weak Douglas hits stock market amid Skybolt report
Weakness in Douglas Aircraft dominated a mixed session as its Skybolt missile program faced renewed jeopardy. The Dow fell 63 to 644.57 while the AP average slipped 2 to 239.7, with metals and oils showing scattered moves and utilities steady. Nonferrous stocks moved modestly, and overall market breadth stayed uneven.
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Woman Rescued From Fiery Home
An elderly woman, 87 year old Emma Clinard, suffered severe burns escaping a burning frame house at 21 Fairview. The fire, started by a space heater in a bathroom, caused extensive damage as Mrs. Clinard was removed through a window and treated en route to High Point Memorial Hospital.
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Cotton futures open lower on New York market
New York cotton futures opened 25 cents a bale lower than the prior close. Opening quotes show prices at 33.21 to 34.30 with various nearby figures.
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Kennedy Promises Tax Details in New York Speech
President Kennedy heads to New York to outline a 1963 tax plan the CEO Committee for Economic Development supports with a proposed 6 billion dollar income tax cut and a later 5 billion reduction. The plan targets high income and corporations while aiming for long term budget surpluses through boosted growth.
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Douglas Flags Pentagon CIA Threats to Freedom
Justice William C. Douglas denounces Pentagon and CIA secrecy as a danger to civil liberties. He argues secrecy hides foreign influence and European feudal patterns, warning of technology and power concentrating in defense and science. The booklet Freedom of the Mind is issued by the American Library Association and Public Affairs Committee.
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Michael J. Soldren Dies at 52 in Pueblo
Michael J. Soldren a Democratic party official and executive of the United Steel Workers Union died in Pueblo Colorado on Wednesday at age 52 of an apparent heart attack He was born in Indiana and served on the Colorado Democratic State Executive Committee.
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Michael J. Soldren
United Steel Workers Union
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