Cotton futures slip at New York open
New York cotton futures opened 15 to 35 cents a bale lower than the previous close signaling a weaker start. The move mirrors broader stock market activity as traders weigh demand and harvest prospects.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 03, 1963
Page
2
New York cotton futures opened 15 to 35 cents a bale lower than the previous close signaling a weaker start. The move mirrors broader stock market activity as traders weigh demand and harvest prospects.
The following week bid and asked prices are unofficial and from NASD and other sources. They are intended as a guide to the approximate range within which these securities could have been sold and bought at the time of compilation January 3 1963. Origin of quotations available on request.
France will pursue a national independent nuclear program despite Kennedy's Polaris offer. Information Minister Peyrefitte said Paris sees no need to abandon its effort, noting France lacks Polaris launch submarines and warheads. Defense Minister Messmer reported a solid fuel French missile tested in the Sahara.
A large blaze swept Broadway High School in North Carolina destroying the older two story section and library with about half a million dollars in damage. All 389 students were evacuated safely and classes will resume Monday at alternate sites including a Presbyterian church and the surviving gym and auditorium. Firewater supply struggles delayed firefighting until irrigation from a pond could be laid in.
A group of 6 men 12 women and 14 children calling themselves Evangelical Christians occupied the Soviet embassy grounds in Moscow requesting asylum. Police manhandled some American reporters as the group sought shelter in the embassy lunch room while officials contacted the foreign ministry for arrangements. A blue white bus arrived to remove the protesters at 11 40 a m.
Dick Powell, former president and later chairman of the Four Star production company, died after cancer of the lower back spread from prior gland treatments. Born 1904 in Mountain View Arkansas Powell rose from church choirs to Hollywood stars and TV. He helped form Four Star with Niven and Boyer in 1952 and later led the company as head, leaving a lasting mark on film and television.
Kennedy says the stenographic transcript shows no reflection on him the Nashville banker or the attorney general. Stahlman defends his 86 year old newspaper and claims sacrifices for the Department of Justice while opposing harm to his outlet.
ACCRA Ghana AP Volta Aluminum Co Ltd will build a 140 million dollar aluminum smelter in 1963 at Tema Ghana's main harbor The Volta Aluminum consortium includes Kaiser Aluminum and Reynolds Metals Powell notes his multiple marriages and wealth Marine burial details show funeral services planned for Friday at All Saints Episcopal Church Beverly Hills followed by cremation at Forest Lawn
About 40 church members of the De Liverance Temple in Pelham South Carolina completed a 40 hour vigil that began New Year’s Eve and feared a coming natural disaster. The vigil was described as a watch night service though leaders denied the apocalyptic framing and said they were watching and praying after being told by God of a disaster. The gathering took place in an unfinished building in Spartanburg County.
Tokyo dispatch says Communist China lodged a protest with India claiming unwarranted harassment of Chinese diplomats in Calcutta and Bombay as consulates-general wound up operations. The New China News Agency reported the Chinese foreign ministry's charges.
Washington AP report cites Gen. David M. Shoup saying about 45000 Marines were poised to invade Cuba with 100000 more ready to back them up as the U S faced the October missile crisis. Shoup spoke prepared remarks to Marine HQ staff noting the force scale and rejecting automation pressures.
Poet Carl Sandburg set to fly from Flat Rock North Carolina with wife to New York for his 85th birthday. He will attend a private dinner at the Waldorf Astoria where a new book Honey and Salt will be released by Harcourt Brace & Co. He plans later to receive his high school diploma in Galesburg Illinois.
The last premature quadruplet, a boy, died at Jefferson Hospital in Philadelphia. Born December 30 to Alvin and Vivian Spector, the trio of siblings had died within 11 hours of birth due to weakness and extreme immaturity. The couple, childhood sweethearts, welcomed their first children two years ago.
In Havana Fidel Castro’s anniversary speech blasted the United States and President Kennedy. He defended sovereignty and rejected unilateral U S inspection while praising Cuban unity within the socialist camp and recalling the Bay of Pigs indemnity payment.
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