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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 03, 1962
Page
2
AP News reports a tentative rally fade before Independence Day with the Dow up 0.79 at 574.54 at noon. Industrials and rails rise modestly while leaders are not clear, and growth stocks show mixed moves amid light holiday volume.
Page 1-A reports intense Senate Finance Committee hearings on tax revision proposals and the impact on business earnings taxes. Witnesses criticize foreign earnings tax plans as uneven for U.S. firms, while industry officials contest pole specifications for highway signs and alternate materials.
Clarence Mitchell of the NAACP urged Negroes to channel sit-in energy into voting and elected office. He warned Democrats and Republicans alike cannot pass civil rights laws alone and urged support for civil rights candidates. NAACP delegates authorize hotel pickets in Atlanta amid KKK counter threats.
Ben Khedda appeals to Algerians to unite behind his leadership as French troops bar access and patrols guard key sites in Algiers. Guerrilla loyalists cordon administrative centers while Tunisian President Bourguiba and Cairo urge peace and unity across the region.
Cotton futures opened with no trades registered. In Washington visitors, only about 12 percent come for business reasons.
Grand Island Nebraska AP report says owner Bob Cook found a break in over the weekend at his dental lab with $9000 worth of false teeth taken. Only the dentures were removed and nothing else vanished.
Regina AP reports the three day Dominion Day holiday mask the scope of a doctors strike opposing a new compulsory medical care plan. Hospitals faced no major crises though volunteer emergency service dropped from 240 to 231. A 10 month old death linked to the dispute fuels demands for repeal and possible third party mediation.
Securities Dealers Inc and other sources provide unofficial quotations as a guide to approximate bid and asked ranges for securities as of July 3 1962. Origin of each quotation available on request.
Rockefeller and Powell clash over a resolution urging Congress and the President to aid states in transportation problems. Governors vote to back a no compromise on reducing National Guard units and listen to McNamara’s plan. Rosellini expected as new chairman. meetings may include Philadelphia and New York visits.
In Geneva the 14 nation Laos conference opened with Red China and North Vietnam demanding the removal of U S troops in Thailand. U S officials call the issue out of order while Thai allies defend the forces as defensive as Laos seeks a coalition government and Southeast Asian peace.
Transport planes and helicopters evacuated about 1 000 U S Marines from Thailand to bases and ships in the Pacific. Some head to the Philippines Okinawa and Guam while others join units of the 7th Fleet off Thailand. Remaining forces total 3 200 in country with possible further withdrawals depending on Laos situation.
A guard at Independence Hall reported smoke from the basement of the east wing Monday night and activated the building's fire alarm. Fire crews said the smoke originated from a defective fluorescent bulb and the damage was negligible.
Oral anti polio vaccine was offered to all comers Sunday in Callaway Nebraska with a population of 603. A total of 2 990 persons responded, with excess turnout from nearby communities and rural areas.
John Rigney a 25 year old Bronx steelworker climbed to the top of a 200 foot construction crane to prove high places could be scaled without falling. He plunged into the Harlem River Monday night and was rescued by two patrolmen before being taken to Bellevue Hospital psychiatric ward.
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