Kennedy defense plan pushes stocks higher in early trading
New York stocks rose sharply in early trading as investors reacted to President Kennedy’s proposal for 3.45 billion dollars in new military and home defense spending. Trading was active amid the rally.
MENTIONED IN THIS ARTICLE
New York
Kennedy
Republicans Press Kennedy on Tax and Spending Tradeoffs
Senate Republicans including Dirksen Capehart Mundt and Case urged restraint as President Kennedy proposed budget moves. They argued for belt tightening, cuts in non essential programs, and warned taxes may rise only after saving efforts elsewhere. Humphrey cautioned on growth outcomes and tax necessity.
MENTIONED IN THIS ARTICLE
Dirksen
Kennedy
Homer Capehart
R-Ind
Hubert H. Humphrey
Minnesota
Senate
Karl E. Mundt
R-S. D
Mundt
Clifford P. Case
R-N.j
Case
Elizabeth City ousts High Point to reach state finals
Elizabeth City defeated High Point 3 to 2 in a losers bracket game of the state Teen-er ice ball tournament in Greenville. The winning run came in the top of the final inning as Charles Hamric singled and Mel Wright followed with a clutch RBI single. If Elizabeth City wins again Thursday morning, they will face Gastonia for the title.
MENTIONED IN THIS ARTICLE
Greenville
N.C
Elizabeth City
High Point
Gastonia
Charles Hamric
Eugene Scott
Hamric
Mel Wright
Cartwright
Swills
Morgan
Conner
Cotton futures rise at New York open
New York cotton futures opened with gains of 15 to 75 cents per bale over the previous close.
MENTIONED IN THIS ARTICLE
New York
Dow Jones Averages At Noon And Close
The Dow Jones averages show shifts with 20 Industrials at 693.08 at prev 11 am 692.89 at 12 noon 686.37 at close 20 Rails at 141.04 114.60 114.96 65 Stocks at 229.50 229.53 227.80 and volume moving from 950000 to 1800000 to 3010000 shares.
MENTIONED IN THIS ARTICLE
Gen Foods
Goodrich B Fee
Tel & Tel
Kayser-Roth
Lockheete Eene
Steels
McLean Trks
Nat Biscuit Sete
Nat Diary
United Aircraft
General Dy- Nat Distillere
Namies
Boeing
North West
Am Avia Er Ee Douglas
Lockheed
Pacific
Ohio Oil
U.S. Steel
Ney JC Ee
Pennsy RR
Jones & Laughlin
Bethlehem
Repub- Pepsi-Cola
Phillips
DuPont
Sperry
U.S
United Airlines
United Airer
New York
United Fruiteens
US Rubber
Va el & Pow
P&p
Western Md
Tonaee
Am Can Co
West Union
Westing el
Am Motors
Winn-Dixie Eee
Woolworth
Zenith
Refining
Vernon Ewee
Avco Cp
Boro Oieeeseese Vesee
Bendix Corp
Beth Stl
See Enene Weaee
Boeing Air Teenene 51
Borden Co
Porgarer Eeweeene
Burl Ind Oem Ee Eee
Beughs Corp Aeneewnee
Cannon Mills Ee
Caro P&l
Celanese Corp
Chain
Belteben
Champion P&f Wee
Ches & Ohio
Chrysler
Bache & Co
Towery to Cease T and H Barbecue in High Point
Notice states A H Towery will stop operating T and H Barbecue at 3400 S Main Street Extension High Point NC after July 22 1961. The business union debts incurred after that date will not be reported to Edgar W Jones Towery as bene eperence. Dated July 24 1961. A H TOWER James B Lovelace, Attorney.
MENTIONED IN THIS ARTICLE
North Carolina
Guilford County
A. H. Towery
Main Street
High Point
N. C
Edgar W. Jones
A. H. Tower
James B. Lovelace
Empty Bottle Theft Reported From Shed
The theft of 13 cases of empty cold drink bottles was reported to police yesterday. A. R. Spivey of E. Washington Street told police somebody broke into a shed beside his service station during the night and took the bottles, crates and all. Police are on the look-out for the missing bottles.
MENTIONED IN THIS ARTICLE
A. R. Spivey
E. Washington Street
Kennedy speech sparks mixed European reactions on Berlin
West Berlin papers reprinted excerpts from Kennedy's Berlin address with headlines calling it a pledge to defend Berlin. ADN accused Kennedy of distorting Soviet offers while Le Matin praised US leadership and initiative. European outlets varied from warning to bellicose to tough but silent Moscow.
MENTIONED IN THIS ARTICLE
Chev
West Berlin
Morgenpost
Kennedy
Berlin
le Matin
Antwerp
Belgium
United States
U.S.S.R
ADN
Europe
Rome
L'Unita
Il Paese
Moscow Radio
Tass
Vienna
Kurier
Kronenzeitung
London
Daily Sketch
Khrushchev
Kennedy outlines six steps for defense buildup at White House
President Kennedy announced six measures to expand military and civil defense spending, including a $3.247 billion military appropriation and a draft call expansion. He urged Congress to authorize higher forces and retention of aging ships and planes while stressing possible tax increases if needed for a balanced budget.
MENTIONED IN THIS ARTICLE
Kennedy
White House
Congress
Navy
Air Force
Air National Guard
U.S
West Berlin
Bastogne
Stalingrad
Kremlin
Britain’s austerity plan raises taxes and bank rate
The government, with a majority over 100, pushes a program to curb spending. Lloyd raises sales tax by 10 percent and imposes higher duties while bank rate climbs to 7 percent. Higher costs will raise prices on goods and slow mortgage financing to reduce imports and improve Britain's trade balance.
MENTIONED IN THIS ARTICLE
Lioyd
Britain
Leaders urge resolve as Kennedy warns on new war
President Kennedy declares firm leadership during a testing time in American statecraft urging the alliance to project confidence toward Moscow. Raleigh Times and Asheville Citizen editors frame choices for sacrifice and talks while questioning the impact of a Soviet peace treaty and how to wage war in enemy territory.
MENTIONED IN THIS ARTICLE
Kennedy
Moscow
Raleigh Times
Russia
East Germany
West Berlin
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