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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 20, 1961
Page
2
The 60 stock average slipped 0.30 to 261.50 at noon as uneven trading continued. Some prices edged up locally while most changes remained fractional. Despite strong November personal income and rising durable goods orders, markets were slow to react with mixed moves in Ford and steel stocks.
President Kennedy rushes to Palm Beach after his father, Joseph P. Kennedy Sr., is hospitalized in critical condition. The White House coordinates talks with Bermuda plans, while doctors monitor the elder Kennedy. Ted Kennedy and Ann Gagan provide vigil as Jacqueline and Rose Kennedy gather at the hospital.
Wachovia Bank and Trust Co. announced a new multi story bank and office building on the southeast corner of N Cherry and W Fifth Streets in Winston Salem. The Trade Street office will relocate there. construction could start next summer with occupancy in two years. The 50000 square foot facility should cost over one million dollars and include space for other departments and for lease. Architects are A G Odell Jr. and Associates of Charlotte. The site was bought in 1951 from Mrs. John W Hanes estate and West End Properties Inc for future expansion.
Senators spar over Congo policy as Kennedy backs UN efforts to unify the country while Katanga’s secessionist stance draws critique. Nixon calls U S alliances strained by Congo choices, and Humphrey and Dodd urge investigations into foreign interests and UN policy amid alleged communist infiltration.
Jury foreman Clara Szombat 51 pleads not guilty on two counts and guilty on many others in a medical misconduct trial. Weiner shows distress as verdicts include acquittal followed by three convictions. Wife, a nurse, testified about procedures in his Brilon office and the judge states a doctor is responsible for nurse actions if he knew of failures.
The bulletin shows the Dow Jones averages with Industrials at 723.01 at 11 AM, 724.11 at noon, and 722.4 at close. It lists 30 Industrials, 65 Stocks, and trading volume around 3.44 million.
Cotton futures opened today trading ten to fifteen cents below the previous close. Market observers note immediate pressure on prices as traders assess supply and demand signals in early trading.
Fighting subsides in Elisabethville while U Thant orders troops to hold fire during talks between Tshombe and Adoula. Adoula demands central government authority. Tshombe seeks autonomy for Katanga with its mineral wealth. Bunche secures base, curbs media as negotiations continue.
In Raleigh AP report, public power advocates press to compare production costs of Duke and TVA during Nantahala Power sale hearing. Duke objects to the question, and Utilities Commissioner Eller sustains the objection. Nantahala would sell for four million dollars with interim TVA power assurances. State Sen. Ralph Scott calls for commission member Worthington to withdraw. Worthington rejects the demand, saying no opinion is formed.
The report notes an exhumation occurring about 12 miles south of Greensboro off Highway 62 and mentions possible involvement of area deputies after the house search concludes.
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