Cot ton futures rise at New York open
Cotton futures opened 15 to 40 cents higher per bale in New York trading, extending gains from the previous close.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Mar 01, 1962
Page
2
Cotton futures opened 15 to 40 cents higher per bale in New York trading, extending gains from the previous close.
Security Quotations show steady gains across oils rails steels and chemicals. Du Pont moves after Judge LaBay orders divestiture of 63.5 million GM shares, IBM and TI rise, plus U S bonds tick up while the Dow advances to 711.12 at noon. Gains spread across General Dynamics Kodak GE MGM and KCS.
President Kennedy announced a White House conference on conservation and urged continued international scientific cooperation. He asked Congress to create matching grants for outdoor programs, seek $50 million for urban open spaces, press wilderness protection, and advance water resource plans to meet projected demand. He directed Udall to develop erosion and river aging remedies and address soil degradation from surface mining.
Judge Fred LeBlanc ruled no legal procedure exists to grant a new trial for Rev. B. Elton Cox the Negro civil rights leader serving 21 months after the December 15 Baton Rouge demonstrations by about 1500 protesters. He dismissed the habeas corpus rem.
Khrushchev urges quick agreement among nuclear powers and notes Geneva disarmament talks with 18 nations including nonnuclear states. He says the 18 power summit could help, while Western leaders will skip top‑level attendance. He stresses ongoing contacts among nuclear and nonnuclear states during discussions.
Kennedy warned that a fresh round of atmospheric tests would cast doubt on his sincerity in disarmament talks. He renewed threats that Western powers conducting tests would push the Soviet Union to resume testing, adding that any decision on testing would rest on military necessity to protect national security amid fears voiced by officials and congressmen about Soviet nuclear bursts.
Reports describe a Boeing 707 crash at Idlewild after takeoff from Runway 31 left. Eight crew members were Californians and 67 passengers were aboard with 60 in economy and 27 in first class. Rescue teams searched marshes as fire crews fought the blaze, while White House officials dispatched aid and the Civil Aeronautics Board opened an investigation into the disaster.
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