Stock Market Dulls With Slow Trading Amid Minor Shifts
New York stocks posted modest declines with the AP average down 0.80 to 248.70 at midday. Major industrials faded with declines in U S Steel and Bethlehem while a few shares like Philco and Texaco rose. The Dow Jones Industrial Average fell 2.06 to 694.70 as bonds held steady or mixed.
MENTIONED IN THIS ARTICLE
New York
Associated Press
U.S. Steel
Bethlehem
Republic Steel
Jones & Laughlin
Chrysler
American Motors
General Motors
Ford
du Pont
American Telephone
Allied Chemical
Air Reduction
General Electric
Zenith
Philco
Johns-Manville
Eastern Air Lines
Texaco
American Cyanamid
Santa Fe
U.S
Security Quotations From April 28 1961 Market Data
Unofficial bid and asked prices sourced from the National Association of Securities Dealers and other outlets. Data shown indicate ranges within which securities may have been sold or bought at compilation. Origin of quotations available on request.
MENTIONED IN THIS ARTICLE
National Association of Securities Dealers, Inc
Grand Jury Indicts Youth For Fires
A true bill indicts James Joseph Franklin 16 of 252 Proctor St High Point for deliberate fires that destroyed Bay Street School and damaged Star Auto Finance Co both set May 28. He previously bound over to Superior Court. Also indicted Charles Edward Smith 16 of Kernersville for manslaughter and racing in the Feb 27 Bowman Gray collision that killed Dr Sudhawit Anekawaya.
MENTIONED IN THIS ARTICLE
James Joseph Franklin
High Point
Guilford County
Franklin
Proctor St
Bay Street
Star Auto’ Finance Co
Young Franklin
Charles Edward Smith
Rt. 4
Kernersville
Sudhawit Anekawaya
Tahiland
Winston-Salem
Bowman Gray
Tractors for Freedom Team Leaves Miami for Havana Talks
A four member non governmental technical team departs Miami at 5:26 a.m. for Havana to negotiate a tractors for prisoners swap with Cuba under the Tractors for Freedom drive. Protester Douglas Voorhees accuses the mission of violating the Logan Act while police keep him away from the group. The Kennedy administration says the plan does not violate the Logan Act and the team hopes Castro will agree to terms favorable to several million dollars worth of tractors.
MENTIONED IN THIS ARTICLE
Castro
Havana
U.S
Miami International
Douglas R. Voorhees
Cuba
Voorhees
Dade County
Miami
Voohees
Kennedy
Washington
United States
Napkin Sale Planned to Benefit Library Drive
A two week sale of paper napkins starts tonight in Thomasville as Jaycees raise funds for the public library. Napkins come in five box bundles. Proceeds go to complete a movie project or support the library. Bill Wilson chairs the sale.
MENTIONED IN THIS ARTICLE
Thomasville
Jaycees
Bill Wilson
Kennedy still evaluating plans after Paris speech and injury
President Kennedy has not held a press conference since May 5 and may adjust trips to Hawaii and South America due to back injury. He met leaders, spoke with Italian PM Amintore Fanfani, and remains under care from Dr. Janet Travell. He traveled from Florida, where he swam to ease the ailment, and appeared on crutches at the jet.
MENTIONED IN THIS ARTICLE
Paris
Kennedy
Amintore Fanfani
Hawaii
South America
Janet Travell
White House
Pierre Salinger
Florida
Canada
West Palm ‘Beach
Fla
Drunk Driving Charged Against Local Man Grubb
Paul Eugene Grubb aged 46 of Rt 2 was arrested on a driving while intoxicated charge. He posted $300 bond and is scheduled for trial on June 26.
MENTIONED IN THIS ARTICLE
Thomasville
Paul Eugene Grubb
Rt. 2
Charges Dropped In Asheville Jun ior Chamber Case
Nine members of the Junior Chamber of Commerce had charges dropped after a sheriff raid on their Asheville convention banquet. The state will take a no pros in the cases, following attorney general opinions that the hall was private and alcohol use there was not a statute violation.
MENTIONED IN THIS ARTICLE
Asheville
Chamber of Commerce
General County Court
Robert B. Wilson
Sheriff's Deputies
John Bel
Elizabeth City
Fred Elliott Harrill
Rt. 3
George J. Kellers
Charles D. Morris
C. J. Arnold
Hamlet
J. D. Woolard
Kinston
George Coffman
Greenville
W. F. Talman
Bill Fink
Faith
Russ Blackburn
High Point
William C. Meekins
Edward J. Edgerton
Fayetteville
N. C. Atty
Wade Bruton
Sister Dies in Charlotte Visit
Mrs. Clara Stite of Charlotte died suddenly last night while visiting her brother Herbert Mc Mullen of 454 Meredith St. The body is at Moore Funeral Home. Arrangements are incomplete. United Order of Tents 326 meets Friday at 7 30 p.m. Pythian Hall. Roscoe Conklin Simmons Lodge 1501 Ladies Auxiliary meets Thursday at 8 p.m. Elk Rest E Washington St. Rev Wiley H Jordan of Pittsburgh Pa conducts a one week revival at Gethsemane Baptist Church.
MENTIONED IN THIS ARTICLE
Wark
Clara Stite
Charlotte
Herbert McMullen
Meredith St
Moore Funeral Home
United Order of Tents
Pythian Hall
Roscoe Conklin Simmons
Wiley H. Jordan
Pittsburgh, Pa
Gethsemane Baptist Church
Two Convicted For Possession Of Stolen Items
Walter Lew Freeman Jr of High Point and Billy Earl Collins of Groometown Road were found guilty in Middle District Federal Court of possessing two camera kits stolen from an interstate shipment in Greensboro. Judge Edwin Stanley deferred sentences.
MENTIONED IN THIS ARTICLE
Greensboro
Walter Lewis Freeman
High Point
Billy Earl Collins
Groometown Road
Middle District
Edwin Stanley
Why You Don’t Get All Earnings As Dividends In Stocks
A reader asks why a company cannot pay out 100 percent of earnings as dividends. The reply notes expansions require retained funds, differences across industries, and prudent management. It cites telephone and railroad sectors, dividend history, and the role of growth and capital needs in payout rates. Mr Shulsky invites reader mail and clarifies investment guidance practices.
MENTIONED IN THIS ARTICLE
Martin Co
Martin
Canadian Pacific
Rails
Mr. Shulsky
Jamestown Man Goes Berserk Across Town
John Richard Kersey of Rt. 1 Jamestown, a former mental patient, ran amok after his car ran dry north of Filot Mountain. He entered a home, drank milk, then assaulted a clerk and police chief, kicked a doors, collapsed, and was restrained by residents before being committed to Umstead Hospital in Butner.
MENTIONED IN THIS ARTICLE
Pilot Mountain
John Richard Kersey
Rt. 1
Jamestown
Kersey
Filot Mountain
Carl Day Boyles
Boyles
Sid Patton
Rex Smith
Dow Jones Averages Reported In Busy Trading Day
The Dow Jones averages show mixed movement with the industrials near 696, rails around 142, utilities about 193, and a broad tape indicating evolving activity. Trading volume totals reach into the millions as investors react to market signals.
MENTIONED IN THIS ARTICLE
Bache & Co
A.m
Cotton futures open unchanged up ten cents a bale
New York AP reports cotton futures opened unchanged to 10.00 cents higher than the prior close.
MENTIONED IN THIS ARTICLE
New York
Thomas Wins Movie Outfit in Greensboro Promotion
John L. Thomas of 4203 Henderson Rd Greensboro won a home movie outfit valued near 200 dollars from Piedmont Rambler Inc. His name was drawn after a four day sales promotion. The prize includes a zoom lens movie camera, projector and screen. Visitors to show rooms registered for the drawing.
MENTIONED IN THIS ARTICLE
John L. Thomas
Henderson Rd
Greensboro
Piedmont Rambler Inc
Thomas
No Injury Incidents Mark Monday Traffic in Local Area
Local police logged a string of minor crashes and a red light violation. Mrs Minnie Thomas Crowder 73 passed out at the wheel causing $200 damage to her car and $225 to a parked vehicle owned by Sally Rollins. Barbara Atkins Ridge collided with a bicycle ridden by a six year old Buddy Gordon who was treated and released from Memorial Hospital. Willard M Jenkins Jr's three year old shifted a car from park to neutral letting it roll into a tree causing $175 damage. A two car collision at E Green and Hamilton Streets caused minor damages and no injuries. Marion Edward Patrick was cited for a red light violation in the same period.
MENTIONED IN THIS ARTICLE
Minnie Thomas Crowder
Emerywood Apartments
Dam
Tabor Street
Memorial Hospital
Willard Monroe Jenkins
Willowbrook Street
E. Green
Hamilton Streets
Marion Edward Patrick
Tate Street
Patrick
Eugene Valentine Hill
Greensboro
Realty Transfers From Hada McFatridge to High Point College Property
Realty transfers involve Hada McFatridge and husband gifting a High Point College property lot to John Malcolm Howard. Numerous deeds list transfers of various lots on Oak View estates Fifth Avenue Woodridge Linden Street Willow Street East Street and other plats to named buyers and corporations including Southgate Corp Thompson Arthur Paving Corp and American Friends Service Committee Inc.
MENTIONED IN THIS ARTICLE
Hada McFatridge
John Malcolm Howard
High Point College
C. C. Vuncannon
Carrie E. Vuncannon
McLewallen
John W. Albertson
David Feemster
Brockett Farm
A. B. Frost
R. D. Marsh
Fifth Avenue
Charles Hammer
John D. Allgood Jr
Woodridge
T. R. Galloway
Robert L. Mullinnix
Oak View Estates
Luther T. Smith Jr
Donald L. Boone
Gurley
James M. Buckner Jr
O.H. Leak
Clarence Reed Jr
M. J. Wrenn
David H. Blair Jr
American Friends Service Committee, Inc
Linden Street
Southgate Corp., Inc
Branch Street
American Friends Service Committee Inc
Clyde L. Weeks
Thompson-Arthur Paving Corp
Willow Street
Sanford Harris
Howard Newton
East Street
North Carolina Senate weighs tight small loan bill
A Senate Banking Committee in Raleigh studied amendments to a small loan regulation bill. It proposed periodic rate reviews by the State Banking Commission and possible rate reductions, with current charges set at 19 dollars per 100 on a year loan and higher amounts for larger loans.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
Senate
Senate Banking Committee
State Banking Commission
Commission
Also Mentioned on This Page
Ches & Ohio
Eee
Thane Serene
Coca-Cola Oenee Eenee
Columbia G&e Eterere
Credit
Cocanvess Eam
Eee Eee
ASK ‘Curtiss Wri Ee
Dan Rio Mills
Douglas Aire
N. C. National Bank
N.S. Tel
Gulf Oil Corporeee
Nickel Can
Peninsula Life Tee
Piedmont Aviation
Tel & Tel
Piedmont Nat. Gas
Public Service of N.C
Kayser-Roth
Liggett & Myers
Pyramid Life Ins
Security Life & Trust
Lockh Air 51 Engineering
Lorillard Peeeenee Eee
Wachovia Ba Nk & Trust
McLean Trk
Avia
Adams Millisseees
Can
Grand Jury
Colored News
Rialto Theatre
Terr
Earn Taylor
Butterfield
Sam Shulsky
Dow Jones
Averanes
Senee
Jerry
Jerry Lewis
Paramount Pictures
Helen Traubel
Peggy Cass
Gloria Jean
Jack LA Lanne
George Raft
Harry James
Vec Damone
Buddy Lester
Sally Gluyas Rollins
Charlottesville
High Point Township
J. Lloyd Myers
Thurman E. Culler
John W. Johnson
Bundy
Morgan Land Co
J. Robert Connor
Hines Street
W. H. Lamb
Archie A. McDowell
Esther I. Brown
Mary Ingram Parham
James R. Pope
Cinerscon
Warner Bros
Bimbo
Jules Verne
Perkins Pontiacrambler
N. C
Frans Lent
Dirk Bogarde
Tyan
Martita Hunt
Lou
Meonensy Fone
Ty Oscar Willard
Paramount
Barbara
Janet Leigh
Ead
Idrive-An
Archdale
Jeanne Rainer
Timberland
Hur
Hell
Audie Murphy
Bloody Beach
Ecmay
Sturgis May & CO
Bank
Ae As
Say Py Cuff Robertson
Rosalind , Russell
Rosemary
Columbia Pictures
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