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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 27, 1964
Page
2
Trading ends with fractional gains across major indices as top stocks show limited yet positive movement. Investors watched for guidance from tech and financial shares while market breadth remained modest.
In New York AP writes on Kennedy’s Dallas assassination and a claimed close Oswald family connection. The chaotic stock market opening followed news of the tax cut and rising British rates, with mixed bonds and rail shares, while traders awaited further details.
The Dow Jones averages show early profit taking following the long anticipated tax cut. Traders weighed the impact as gains paused after the initial rally and market sentiment remained cautious.
Defendants Richard Crowder and Harold Reape were not in the area when the alleged incident occurred. Judge Walter Brock denied defense motions to dismiss for insufficient evidence after state evidence concluded. Weapons were shown to the all white jury but removed when misidentification occurred. A mistrial motion by Kunstler was denied. A witness from Atlanta was questioned to probe racial climate, then barred from the record.
Frank Sinatra Jr. resumes testimony as sensational exhibits are entered in the kidnapping trial of three men. A letter and a confession are read, detailing a ransom demand and the suspect Keenan’s note to his parents. Irwin Keenan, Barry Keenan, and John Irwin face charges after the 1963 Lake Tahoe kidnapping of the singers son.
Venezuelan President Betancourt opposes trade with Cuba in a comment from Caracas. The stance signals a shift in regional economic policy amid widening Cold War tensions and U S influence.
Raleigh AP reports the State Highway Commission will launch a twice daily ferry service to Ocracoke starting in May using a new Cedar Island dock for the ferry Sex Level.
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