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This newspaper page contains 14 articles. Subscribers can read the full text of each article.
Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 03, 1961
Page
2
The 1961 stock session began with weakness in blue chips as the AP 60 average fell 0.80 to 220.10 and the Dow stood at 612.15. American Telephone tumbled about 3 points after heavy profit taking while rebalance demand failed to appear. Bonds were mixed with government bonds down and corporate issues varied.
A reader misreads a six month holding clause for United Texas Natural Gas. The columnist explains the correct ticker Union Texas Natural Gas, notes its dividend history since 1905, and clarifies trading profits versus long term gains.
Unofficial bid and asked prices guide showing approximate ranges for securities. Quotation origins available upon request.
The daily market bulletin shows the Dow Jones averages with Industrials at 615.49 at close, Rails 190.85, Utilities 100.02, and an overall 5 stock index of 205.91. Trading volume reaches 5.3 million shares with notable activity in NBC and utilities.
Raleigh prepares two days of pomp to mark the inauguration of Governor-elect Terry Sanford. The schedule includes a public reception, a noon oath at Memorial Auditorium, a military parade, and a ceremonial ball with Lt. Gov.-elect H Cloyd Philpott and Council of State members attending.
Josef Cardinal Wendel archbishop of Munich died Saturday at age 59 from a heart attack. He led the Bavarian see and was a prominent church figure in West Germany.
Bruce Catton argues the Civil War sprang from democracy not using itself in 1860. Slavery’s sectional clash, territory fights, and partisan passions led to a breakdown as voters chose slogans over reflection, causing a deadly showdown rather than compromise.
The piece describes a Cuban Soviet display with heavy tanks artillery and rocket launchers and a Cape Canaveral rocket fragment. Castro threatens execution for terrorists and warns Kennedy would share responsibility if Cuba is attacked before inauguration amid nightly Havana bombings. Khrushchev denies Soviet bases in Cuba and accuses U S aggression plans.
Cipriano Andrade HI of Dallas Texas an internationally known oilman died Sunday of a heart attack. Andrade an independent oilman was born in New York and had lived in Dallas since 1928.
Western observers doubt Laos government claims of heavy North Vietnamese support. Kleet rebel forces led by Capt Kong Le push toward Vientiane and Luang Prabang as U.S. Marines deploy from Subic Bay. Khrushchev calls for Geneva style talks and ICLaos revival. Britain opposes Western military action while Tokyo signals opposition to base use.
James Metzenbaum of Cleveland aged 77, a leading expert on zoning laws and a prominent figure in Ohio Democratic politics, died Saturday likely from a heart attack. He was widely recognized for his influence on land use policy.
Premier Jan de Quay’s cabinet remains in power after agreeing to 2,500 additional subsidized homes as part of the 1961 housing plan. He briefly resigned when right wing parties demanded an 5,000 extra dwellings target, but reversed after a compromise.
Japan endures its worst blizzard in 15 years with 150000 travelers stranded in snowbound trains and remote villages. About 80 stalled trains resumed movement Monday night as National Railway warns it will take two more days to fully clear the tieup across northern Honshu.
Torrential rains flood areas in north and northeast Spain. Over 4,000 people evacuated in Navarra and Zaragoza provinces in three days. Property and crop damage reach 100 million pesetas about 1.7 million dollars.
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