Stock Market Slips As Averages Open Mixed In New York
The Associated Press 60 stock index opened near noon with a 257.0 reading, down 2 points. Industrials fell while rails rose and utilities slipped, as several leading issues posted gains and others remained steady. Analysts termed the market tired after a recent advance with Chrysler and American Motors hitting new 1962-63 highs while General Motors and Ford eased.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Chrysler
American Motors
General Motors
Ford
Studebaker
Williams accuses Powell of waste and miscues in Congress
In a House speech, Senator Williams blasts Powell over a Harlem juvenile delinquency grant of 250000, loans totaling 10.8 million for housing and hotels, a European trip financed by Powell associates, and alleged tax delinquencies. He declines to retract despite requests, while Powell's absence delays education hearings and sparks a party-led standoff.
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Williams
House
Powell
Department of Health, Education and Welfare
Harlem
Housing and Home Finance Agency
State Department
Wayne Morse
D-Ore
Congress
Congres
Lincoln
Dow Jones Averages Reported by Bache & Co
The Dow Jones averages show mixed movement with Industrials at 679.92 at noon and 679.21 at 1 am. Rails slipped to 151.41 by noon while Utilities steadied near 135.72 and Stocks near 240.96. Trading volume reached 3.89 million by close.
MENTIONED IN THIS ARTICLE
Bache & Co
Assembly building closed to visitors on Sunday
Security guard W R Keller reported the concourse around the building filled with people in the afternoon. State official George Cherry said several thousand attendees came with four or five children each and noted the legislature is forming a commission to run the building, delaying any opening to visitors.
MENTIONED IN THIS ARTICLE
Ing
W. R. Keller
George Cherry
State General Services
Fire damages Elkin main street businesses
A morning blaze in Elkin North Carolina gutted Chappell Jewelers and the Elkin Barber Shop and caused water and smoke damage to Ideal Beauty Shop and Bon Ton Cafe. Fire crews prevented spread to nearby buildings, gaining control by 7 a.m. Early estimates were incomplete.
Conservative budget plan eyed for North Carolina 1963 65
Sanford and advisers label capital construction funding as conservative and expect quick backing from groups like the North Carolina Citizens Association. The 1963-65 budget could reach two billion with a 175 million increase. highway bonds may pass without tax hikes. Revenue estimates from October assume no tax cut boost and foresee a leveling or decline in the economy.
MENTIONED IN THIS ARTICLE
Edwin Gill
Father and son sentenced to life in prison
In Newton North Carolina a father Earl Eugene Harris Sr and his 14 year old son Earl Eugene Harris Jr were sentenced to life in prison after pleading guilty to luring 75 year old Ruffin Canipe to a Maiden barn and beating him to death. The elder Harris was guilty as an accessory to murder and the boy pleaded guilty to first degree murder.
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Maiden
Young Harris
Canipe
Harris
Four Sisters Die Under Ice In Lake
Suffolk County officer Paul Barnard saved 11 year old Lorraine Corridan from a lake hole as four sisters aged 3 to 10 died beneath the ice. Corridan’s father Frank fished nearby while his wife tended their children. The bodies of Louise 3 Mary Ann 5 Patricia 7 and Kathleen 10 were recovered hours later.
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Babylon
N.Y
Paul Barnard
Suffolk County
Frank Corridan
Barnard
Lorraine Corridan
Lorraine
Louise
Mary Ann
Patricia
Kathleen
Airman Completes Long Hike At Seymour Johnson
Air Force officer Capt. Edward C. Cavahey completed a 50 mile hike Saturday night at Seymour Johnson Air Force Base amid doubts about non flying officers tackling such marches. Marines at bases nationwide had hiked 50 miles after President Kennedy questioned Leathernecks 1908 era endurance. Cavahey will be at Camp Lejeune Tuesday to watch.
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Goldsboro
N.C
Air Force
Seymour- Johnson Air Force Base
Marine Corps
Edward C. Cavahey
Thomases
Kennedy
Camp Lejeune
Cavahey
New York Newspaper Strike Talks End Without Agreement
More than 18 hours of bargaining between publishers and Local 6 of the ITU AFL CIO ended without settlement in New York. Mayor Wagner mediated and recessed talks at 830 am pending reports by Tuesday. Publicity leaders expressed mixed feelings as publishers and printers, led by ITU President Elmer Brown, held out hope for a resumption of publication.
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NEW York
Robert F. Wagner
Wagner
Afl-Cio International Typographical Union
Walter N. Thayer
Eer
Bertram A. Powers
Local 6
ITU
Elmer Brown
Colorado ‘Springs
Colo
Cleveland
Ohio
Thayer
The
Herald Tribune
City Hall
Graham Is Feeling Better After Pneumonia Attack
Evangelist Billy Graham, recovering at his Montreal home from pneumonia, told his secretary he was improving and may travel soon to Hawaii. His doctors plan ongoing care with twice daily visits as he cancels engagements for three weeks while awaiting stronger health to resume Far Eastern tours.
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Asheville
Billy Graham
Montreal
Graham
Wanda Mercer
Dallas
Tex
Miss Mercer
Hawaii
Minneapolis
Minn
North Carolina
Dr. Graham
Philippines
Hong Kong
Formosa
Japan
Six Die In Fire Aboard Japanese Fishing Vessel
A fire aboard the 74 ton Zuiho Maru off northern Japan killed six of fourteen crew. The blaze was controlled and the ship returned to Wakkanai port. Three survivors suffered burns.
MENTIONED IN THIS ARTICLE
Tokyo
Japan
Maritime Safety Agency
Wakkanai
Failure To Appear May Cost 115 Million
Howard Hughes faces a $115 million deposition in a Trans World Airlines suit as he defies a federal court appearance in Los Angeles. The case pits Hughes Tool Co. and Hughes against TWA over jet financing and antitrust claims.
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Los Angeles
Howard Hughes
Hughes
Trans World Airlines
Hughes Tool Co
TWA
Howard Robard Hughes
Texas
Hughes Tool
Eastern
Equitable Life
Metropolitan Life
Irving Trust
Dillion, Read and Co
Tool
New York
Advertising Executive Is Buried
Rex Holt Freeman 64 advertising director for the Winston-Salem Journal and Sentinel since 1926 was buried after a funeral service in Winston-Salem. Freeman began as a carrier in 1910 and rose to advertising director in 1926. Survivors include his widow a son two grandsons a brother and four sisters.
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Winston-Salem
Rex Holt Freeman
Winston-Salem Journal and Sentinel
Freeman
Carolinas
Advertising Executives Association
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