Market slides as oils and steels lead declines
New York stocks drift lower in moderate trade with oil, steel, motor, rail issues down. Aerospace shares gain a point while Chrysler, Ford, GM slip. IBM and GE fall. Dow Jones at noon down 0.67 to 668.84.
MENTIONED IN THIS ARTICLE
New York
Chrysler
Ford
General Motors
Philips Petroleum
Amerada
Great A&p
Atlas Corp
Paramount
Boeing
Douglas
Gillette
U. S
IBM
Southern Pacific
American Tobacco
Union Carbide
Baltimore & Ohio
Sperry Rand
General Electric
Woolworth
Dan Rio Mills
DuPont
Goodrich
Goodyear T&r
Greyhound
Gulf Oil Corp
Int Paper
Int
Tel & Tel
Kayser-Roth
Liggett & Myers
Lockh Air
Lorillard P
Martin-Marietta
McLean Trk
Monsanto
Monty Ward
Motorola
Nat Biscuit
Nat Dairy Pd
Nat! Distillers
Ste NY Central
North West
Penney J C
Phillips
Petr Adams Millis
Allied
Pittsburgh
Radio Corp
Am Can Co
Enka
Reynolds Tob
Am Motors
Sears Roebuck
Sou Railway
Atch T&sf
Sperry Corp
Atl Coast Line
Std Brands
Atl Refining
Std Oil
Calif
Avco C
Oil NJ
Balt & O
Stevens JP
Bendix Corp
Texaco Inc
Beth Stl
Textron Inc
Boeing Air
Union Bag
Borden Co
UN Carbide
Bur! Ind
Union Pac
Burroughs Corp
United Airlines
Caro P &L
United Aircr
United Fruit Celanese Corp
US Rubber
P&f
Ches & Ohio
Va-Caro Chem
Va el & Pow
Coca-Cola
Agi
P&p
Columbia G&e
Western Md
West Union
Westing el
Winn-Dixie
Zenith
Kennedy press exchanges eyed for open quotation format
Colburn questioned the myth of highest authority after Ken nedy echoed remarks in a Palm Beach interview two weeks earlier. Salinger defended a backgrounder with more detail but noted breaches by organizations, risking future background briefings. Kennedy weighs TV exchanges with foreign interviewers and possible on the record news conferences.
MENTIONED IN THIS ARTICLE
Kennedy
Hosiery Firm Buys Plant to Expand Operations
K & D Hosiery Inc of Bethel Avenue will move to the former Micro-Products Co. building at 1107 Tate St to expand. The seamless hosiery maker, which began local operations last January with 17 workers, plans to raise employment to about 35 and install a finishing room with added packaging and distribution. The 21,000 square foot building sold for over $80,000. K & K Realty Co. Inc. was the purchaser.
MENTIONED IN THIS ARTICLE
K & D Hosiery, Inc
Bethel Avenue
Micro-Products Co
Tate St
Adolf Kronemer
K & D Hosiery Inc
Phil Clarke
Chamber of Commerce
High Point
Jack Green
Idol-Green Co., Realtors
K & K Realty Co., Inc
Insurance agent alleges safe driving scam in Lexington
Norman Hundley of Gastonia testified Thursday about a sales pitch under a state safe driving program to raise auto liability insurance by accepting points for speeding and other violations. He said Stafford urged concealing files from a state investigator and handed a recording to Roy Blalock, while Handley and others sold policies for Southern General Insurance Co. via Eastern Underwriters Inc.
MENTIONED IN THIS ARTICLE
Gastonia
Norman Hundley
Handley
Stafford
State Insurance Department
Roy Blalock
Southern General Insurance Co
Eastern Underwriters, Inc
Black Canvas Adjudged Winner at American Painting Show
A plain black canvas titled Abstract Painting 1958 62 by New York artist Ad Reinhardt won $1000 in the 66th American Painting and Sculpture Exhibition at the Art Institute. The work received the Norman Wait Harris Silver Medal as experts noted its subtlety beyond the lay view.
MENTIONED IN THIS ARTICLE
Chicago
New York
Ad Reinhardt
Art Institute
Norman Wait Harris
A. James Speyer
Blarney Air In Canned Form Sparks Emmetsburg Parade Talk
In Emmetsburg Iowa the Chamber of Commerce gears up for St Patrick’s Day celebrations while blarney is purportedly back in production. The orange juice cans are wrapped in green and white bunting and include a case labeled O Kennedy for the occasion though officials admit it may be blarney. The prose notes that the blarney in cans is simply air.
MENTIONED IN THIS ARTICLE
Emmetsburg
Planners Talk At Club Meet
The Furnitures and Kiwanis Club heard a city planning department program at Marguerite's Restaurant. Raleigh Ding sman introduced speakers Chet Jandzinski and Tom Kenner. The talk covered urban High Point needs now and over the next 20 years as part of a Pilot Plan guiding future detailed studies for a comprehensive community development.
MENTIONED IN THIS ARTICLE
Furnitures and Kiwanis Club
Marguerite’s
City Planning Department
Raleigh Dingsman
Chet Jandzinski
Tom Kenner
Planning Department
High Point
Cotton Futures Open Lower in New York
New York AP reports cotton futures opened today 10 to 25 cents a bale lower than the previous close, signaling a softer start for the commodity.
MENTIONED IN THIS ARTICLE
New York
Kennedy signals tougher independent U S leadership abroad
President Kennedy advocates a more vigorous and independent U S stance in world affairs, risking friction with allies. He cited Congo UN efforts and India Pakistan relations as examples of pursuing U S goals despite allied dissent, marking a strong shift since alliance system began 14 years ago.
MENTIONED IN THIS ARTICLE
Washington
Kennedy
U.S
Europe
Palm Beach
White House
United States
Return Engagement Was Fatal in Laurel Hill Break-In
In Laurinburg North Carolina two escaped convicts were captured after returning to the crime scene at Pates store in Laurel Hill at 2 30 am They are Jack Hicks 30 of Scotland County and James Morgan 18 of Roanoke Rapids Also captured were Richar N Haugen 33 of Minnesota and Arnold Brodgen 34 of Lexington NC The four had escaped from a Beaufort County road gang the day before Hicks and Morgan were to be returned in March for trial on breaking into the same store last year.
MENTIONED IN THIS ARTICLE
Laurinburg
N.C
Jack Hicks
Scotland County
James Morgan
Roanoke Rapids
B. P. Lytch
Richar N. Haugen
Minnesota
Arnold Brodgen
Lexington
Pate
Laurel Hill
Beaufort County
Ioad
Hicks
Morgan
To Low-Rate Wife Man Burns Home
Police say William Carrell set his West Covina home ablaze after locking five children in their rooms to make his wife seem neglectful. He left, felt remorse, returned. Lois Carrell, 25, was visiting friends. none of the children aged 1 to 9 were injured. Carrell, 30, faces arson and attempted murder charges.
MENTIONED IN THIS ARTICLE
West Covina
Calif
William Carrell
Lois
Carrell
Dow Jones Averages at Noon Report
The Dow Jones industrious averages show slight gains by noon with the 30 industrials at 669.51 up from 668.84 at 11 am. Rails rose to 149.50 while Utilities inched to 133.30. The market volume surged from 1,200,000 at 11 to 4,520,000 by noon.
Congressional Textile Relief Sought After SC Tour
A Congressional subcommittee touring three Spartanburg area mills eyed relief legislation for the ailing American textile industry. The group led by Rep. E. C. Gathings heard industry claims of losses from cheap imports and the two price cotton system and discussed potential federal action amid slim legislative chances this session.
MENTIONED IN THIS ARTICLE
Spartanburg
S.C
Rep. E. C. Gathings
D-Ark
J. P. Stevens
Utica-Mohawk
Clemson
Drayton Mills
Deering-Milliken Research Laboratory
South Carolina
Cannon Mills
Kannapolis
N.C
Charles A. Cannon
Cannon
American Textile Manufacturers Institute
Myer Feldman
Feldman
State Department
Harold D. Cooley
Dn.c
House Agriculture Committee
Cooley
Charles R. Jonas
R-N.c
Congress
George M. Grant
D-Ala
Gathings
Harlan Hagen
D-Calif
Ralph F. Beerman
R-Neb
Thomas Abernathy
D-Miss
W. R. Poage
D-Tex
Paul C. Jones
D-Mo
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Orson
Victor Welles
Technicolor
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James Garner
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FAMED
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Subcommittee
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Reae
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Milwe A
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Elvis