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High Point Enterprise in High Point, North Carolina

22 Jan 1962

Page 2

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This newspaper page contains 7 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 22, 1962

Page

2

Stock Market Advances Moderately as Gains Wane by Noon

The New York market opened higher with the AP 60 up 0.80 to 255.90 at noon, led by advances in industrials and rails while utilities gained. Some issues fell back, Xerox dropped and aerospace stocks mixed, the Dow up 2.19 to 702.91 as bonds generally rose and many issues held or slimly changed.

MENTIONED IN THIS ARTICLE

New York Associated Press Boston Edison Puerto Rico American Machine & Foundry Xerox Lockheed United Aircraft North American Aviation General Dynamics Areo Litton Zenith Dow Jones American Stock Exchange U.S Orre Am Enkasdedeuyuast Am Motors Beveeetes Beth St Boeing Air Borden Co Prey Borg-Warner Burland Burroughs Corp Cannon Mills Caro &Pl Serene Chrysler Coca-Cola Ween Sd Columbia G&e Coml Credit Eveedeee Dan Riv Mills Douglas Airc Dow Che Greyhound Gulf Oil Corp Wake Superior Court Nickel William Y. Bickett Bruton Thomas’ Attor- Kayser Supreme Court Liggett & Myers Lockh Air Lorillard P Seewernees Sperry Corpeeeeee McLean Trk Std Brands Sweeeenees Monsanto Eee Eeeaee Monty Ward Motorola Sgou NG Ce Ccseeaeey Nat Biscuit Stevens JP Trereee Texaco Inc Nat Dairy Pdengeee Nat Distillers Eeee Textron Inc Idosascis Norfh West Avia Italy No Pacific United Airlines Adriatic Ohio United Aircree United Fruit Enbee Solakov Sills Pennsy RR Pepsi-Cola Phillips Petr P&p Western North Atlantic Radio Corp Treaty Organization Rep St West Union Gioia del Colle Reynolds Tob Westing
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Italy Calls for Severe Action in Solakov Case

Italy demands equal harsh measures as it pursues Solakov, who, like Powers, was piloting a high altitude reconnaissance aircraft equipped with elaborate photo reconnaissance gear.

MENTIONED IN THIS ARTICLE

Solakov Powers
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Lt Gov Race Appeal Tests Election Timing

The North Carolina Supreme Court will decide if a 1964 vacancy should be filled this year or later. State Sen. Max Thomas seeks the office while Attorney General Wade Bruton argues the post should stay vacant until 1964.

MENTIONED IN THIS ARTICLE

Raleigh API State Supreme Court Max Thomas Union Wade Bruton
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Dow Jones Averages and Market Figures

Stock table shows industrials at 707.28 702.91 700.72 and utilities at 124.23 124.42 with volume around 3.8 million. Ralls listed at 148.26 with overall market activity and 12 Noon close details provided.

MENTIONED IN THIS ARTICLE

Bache & Co
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Spaceman Glenn Capsule Priced High and Space-Dense

The capsule for John Glenn’s orbital flight costs about 5 million dollars and is cramped inside a six by nine foot cabin with 164 instruments. The craft, built by McDonnell Aircraft, features a heat shield, a 11 inch by 19 inch window, a porkchop of life support equipment, and an emergency rocket escape system. Glenn faces a 90 minute orbit time, a 3,000 degree heat entry, and ground tracking safeguards including a 16 foot escape tower and onboard life saving devices.

MENTIONED IN THIS ARTICLE

Bem Price Cape Canaveral Fla John Herschel Glenn Jr McDonnell Aircraft Corp St. Louis Glenn New Concord Ohio Marine Corps Earth Ham Space Virgil I. Grissom Grissom
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Kennedy outlines 1963 economic goals and reforms

Kennedy calls for higher unemployment benefits and an 8 percent investment tax credit, repeal of the Silver Purchase Act, education and health program support, and job training. He urges wage restraint to avoid inflation, forecasts a $50 billion rise in output, and targets 4 percent unemployment by mid 1963 with gains in profits and wages.

MENTIONED IN THIS ARTICLE

Congress Kennedy Berlin President's Council of Economic Advisers
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Kennedy Proposals Move Through Congress on Taxes and Civil Rights

Action to raise extra income to 621 million hinges on a one cent rate hike for first class mail and other classes. The Ways and Means Committee pushes tax tightening as business modernization incentive. Powell led civil rights bill would create a five member employment discrimination commission. Two Kennedy backed bills go to Rules Committee for cabinet level urban affairs and housing and federal aid for higher education.

MENTIONED IN THIS ARTICLE

House Ways and Means Education and Labor Committee Adam Clayton Powell D-N.y Kennedy House Rules Committee Department of Urban Affairs and Housing
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Also Mentioned on This Page

Allied Lt. Gov Antee Ilderton Sinclair Fuel Oil Sinclair Ilderton Oil CO Prospect ST Cooper Deborah Oatman Roilento Poitier Walt Disney Disney Aly Minne Maint Paramount Atti Eta Allnew Itu Eros Films Universal International Richard Beymer Terry Thomas Rialto Theatre Don Murray Hoodlum Priest Cliff Robertson The Jown Wayne Stewart Granger Ernie Kovacs Fabian Alaska Ueaks NEW Service Laundry Centennial Ave Aloo Dre Winston-Salem Greensboro ABC Jalousie Company W. Lee St N. C Archdale Liane Jungle Girl Nash Jewelry & Loan CO N. Main ST
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