Stock Market Slips as Savings and Loans Lead Declines
New York stocks sagged at midday with the AP average down 0.50 to 258.00 as savings and loan shares drop. Industrials rails and utilities mostly ease and several major issues edge lower while a few names hold or gain slightly. Dow Jones industrial average sits at 710.59 up 0.60, while the American Stock Exchange shows mixed prices.
MENTIONED IN THIS ARTICLE
New York
Financial Federation
Great Western Financial
United Financial
California
General Motors
Ford
Chrysler
Chesapeake & Ohio and Southern Railway
American Tobacco
International Telephone
American Stock Exchange
U.S
Winter storm swamps Virginia New Jersey walls roads
Snowblanket from Virginia to New Jersey cuts power for 30,000 plus homes. Northern Virginia towns report 22 to 23 inches, Culpeper Manassas Winchester and more reach 30 inches with additional accumulations. Bridges railroads and ferries face delays while Atlantic City and Brigantine Island suffer washed boards and flooded routes.
MENTIONED IN THIS ARTICLE
Ventnor
N.J
Virginia
Culpepper
Manassas
Winchester
Seaboard
Adams Millis
Allied Choseseseeeee
Srey Allis-Chal
Ve Am Can Co
Nea
Eee
Enka Oes
T&sf
Atl Coast Line
Atl Refining
Beth
AIM
Boeing Air
Texaco Inca
SBM Borden
Union Pac
Ea United Airlines
Care P&l
Tver
Celaneee Corp Eisty
Penceny Champion Paf
Onsen
Ches & Ohio Aa
Vael
Curtiss Wrt
Woolworth Sereeees
Crevaeraa Zenith
Dan Aiv Millis
Douglas Aire Saves
Dow Chem
DuPont de N
Duke Powsreeeees Sbe
East Air
Eastman Rad
Firestone
Ford Motor
Elec
Gen Foods
Gen
Washington, D.C
Gerb Prod Socceces Oom
Goodrich BF
Goodyear T&a
District of Columbia
Greyhound
Gulf Oil Corp
Kayser-Roth
New York City
Nat Dairy Pol
Nat Distillers
North West
Manhattan
Am Avia
New Jersey
Staten Island
No Pacific
Ohio Oil
Pennsylvania Railroad’s
Penney JC
Chestnut Hill
Moreland
Pennsy RR Ae
Philadelphia
Pepsi-Cola
Phillips Petr
Radio Corp
Washington
Repsyi
Pittsburgh
Reynolds Tob
Capital
Richmond
Sears Roebuck
Calif
U.S. No. 1
Prince Georges County
Navy
Beach Haven Inlet
Monssen
Bayonne
New York
Idlewild
U.S. 1
U.S. 301
Atlantic City
Steel Pier
White Horse
Seashore
Brigantine
Brigantine Island
Ocean City
Liggett & Myers
McLean Trk
Monsanto
Monty Wardenveee
Motorola
Nat Biscuit
Dow Jones Averages Roused by Morning Trading Surge
The Dow Jones averages show intraday movement with 12 noon and close readings near 710.07 to 710.59 while utilities and industrials trade at varying levels. Trading volume runs into the hundreds of thousands as markets react to early gains.
MENTIONED IN THIS ARTICLE
Bache & Co
A.m
Cotton futures dip at New York open
New York AP reports cotton futures opened 15 to 25 cents a bale lower than the previous close, signaling a weaker start to trading.
MENTIONED IN THIS ARTICLE
New York
Security Quotation Summary From November 1961 Markets
Unofficial bid and asked prices compiled from NASD and other sources show ranges for securities including Allied Security Life 13 cents, Gulf Life 52 cents, Public Serv of NC 12 cents, Piedmont Aviation 4 cents, and Texize Chemical 11 to 13 percent with various pref and common listings amid broad fluctuations.
MENTIONED IN THIS ARTICLE
National Association of Securities Dealers, Inc
Allied Security Life
Allvac Metals
B.B.S. Studios
Botany Industries
Crompton Builders
Drexel Furniture
First Union Nat'l Bank
First Southern Co
Gulf Life Ins. Co
Harris-T’ter Spr
Jefferson Stand. Life
Wachovia B’k & Trust
Wise Homes
Kavanagh-Smith
Lance, Inc
Life & Casualty Ins
Lil General Food Stores
Moore Handley
N. C. Nat. Bank
N.S. Tel
Textile Corp
Piedmont Aviation
Piedmont Nat. Gas
Pyramid Life
Security Life
Soroban
State Capital Life
Superior Cable
Texize Chemical
Khrushchev proposes plan to boost Soviet farm output
The Central Committee debated Khrushchev's report led by Gennady Voronov as a new Presidium member. He urged expanding grassland crops to fix meat and dairy shortages, doubling farm machinery, boosting chemical fertilizers, and drawing city youths into the rural workforce while not neglecting industry.
MENTIONED IN THIS ARTICLE
Central Committee
Khrushchev
Gennady Voronov
Voronov
Presidium
Siberia
Khrushchev presses for heads of state at test ban talks
Khrushchev in a 10 page letter argues disarmament talks must involve heads of state and blasts Kennedy for resuming atmospheric tests by April unless a test ban treaty is reached. He says the USSR will not accept international policing of a ban and asserts Kennedy and Macmillan will attend Geneva.
MENTIONED IN THIS ARTICLE
Lord Home
Kennedy
Macmillan
Rusk
Washington
Race Issue Goes Back To Court
The Prince Edward County desegregation dispute returns to U S District Court in Richmond after the Virginia Supreme Court ruled the county under no constitutional obligation to fund public schools Federal action may resume before month end A court order blocking county funds for private segregated schools expires in 20 days The county abandoned public schools three years ago to avoid desegregation suits
MENTIONED IN THIS ARTICLE
Associated Press
Prince Edwards County
U.S. District Court
Richmond
Virginia Supreme Court
Virginia
Oren R. Lewis
Prince Edward
Newark
N.J
Orange
National Association For the Advancement of Colored People
New Jersey Department of Education
Trenton
New Orleans
U.S
J. Shelly Wright
Davidson County
Nashville
Tenn
Fisk University
Chicago
National Catholic Conference For Interracial Justice
Justice Department
Forrest County
Miss
Theron Lynd
Lynd
Saigon Post Hold Amid Battle As Paratroopers Strike
Vietnamese guards and militiamen manned a post through the night but 15 were killed and 10 missing after an attack. The post burned as 540 paratroops dropped near the site. At least 56 Viet Cong were killed with many wounded or captured. U S helicopters ferried in a second battalion to pursue guerrillas. No decisive victory yet, but observers call the clash favorable to the government. Diem’s forces struggle to find Viet Cong in large concentrations.
MENTIONED IN THIS ARTICLE
Diem
High Pointer On Honor Roll
Guy Ellis Carr Jr. made the Honor Roll of the General College at the University of North Carolina for the fall semester. Students named to the Honor Roll must earn a grade of B or better on all coursework.
MENTIONED IN THIS ARTICLE
Guy Ellis Carr Jr
Guy Ellis Carr
Parkway
General College
University of North Carolina
Glenn Space Flight Film Shown in Capitol Hill Sneak Preview
NASA screened a 32 minute silent film of John H. Glenn Jr. historic trip aboard Friendship 7 for a Capitol Hill audience. The footage shows Glenn entering weightlessness, eating from a bottle, the capsule’s re entry, and the dawn over the Pacific.
MENTIONED IN THIS ARTICLE
Geoffrey Gould Washington
John H. Glenn Jr
Africa
Earth
Capitol Hill
National Aeronautics and Space Administration
Glenn
Noa
Pacific
NASA
George Low
Kennedy Invites Trinity's White to Safety Conference
Francis E. White of Myrtle Desk Co. travels to Washington for the President's Conference on Occupational Safety. The meeting, in its 1962 form under Labor Secretary Arthur Goldberg, gathers 3000 leaders from industry labor agriculture government and safety groups to reduce on the job deaths and injuries.
MENTIONED IN THIS ARTICLE
Kennedy
Francis E. White
Trinity
Washington
D. C
White
Myrtle Desk Co
High Point
Truman
Eisenhower
Arthur Goldberg
Pean J
Study Group Eyes Advisor for Curriculum Consultant
The High Point Curriculum Study Committee met yesterday and instructed Chairman Dr. Harold Conrad to explore hiring a professional consultant for curriculum planning. The next meeting will hear a report on a prospective consultant. A dropout study was postponed pending advisability of outside help. Dr. Raleigh Dingman, Northeast Junior High School principal, spoke on athletics and shared findings from his doctoral research and recommendations to improve interscholastic junior high sports. Local officials from High Point and Thomasville attended to hear the recommendations.
MENTIONED IN THIS ARTICLE
High Point
Harold Conrad
Raleigh Dingman
Northeast Junior High School
Dingman
Thomasville
Mop Ignition Sparks Smoke in City-County Building
A mop caught fire in a closet at the City County building yesterday afternoon. Officials said a janitor swept up a lighted cigarette and it clung to the mop, causing heavy white smoke to fill corridors. No damage was reported beyond the mop itself.
MENTIONED IN THIS ARTICLE
New City-County
Flying Crosses Awarded to B58 Crew at Bendix Trophy Run
The B58 team earned Distinguished Flying Crosses and won the 1962 Bendix trophy. Pilot Sowers quipped that even a cannon ball would not catch their lunch run. Two B58s started from Los Angeles Monday. one dropped out at Sedalia on the return. Three midair refuelings extended the journey with speeds of 1212 mph eastward and 1091 mph westward.
MENTIONED IN THIS ARTICLE
Sowers
New York
Los Angeles
Sedalia
Missouri
Atlantic
Midway Point
Kansas
Powers ex U2 pilot to receive $50,000 under contract
A CIA analysis found Powers description of his high altitude explosion incident plausible and predicted descent behavior. The report says the amount due under his contract will be paid. Powers is owed about $50,000 after portions were withheld during U2 flights and after capture by Russians. Congress arms committees released the CIA report.
MENTIONED IN THIS ARTICLE
Powers
Senate
House
Armed Services Committees
CIA
Ruth Lodge 622 Meeting Notice at Odd Fellows Hall
Household of Ruth Lodge 622 will convene at Odd Fellows Hall on Wednesday at 7 30 p m with a lodge session planned for the evening.
MENTIONED IN THIS ARTICLE
LODGE
Ruth Lodge
Odd Fellows Hall
Debating pairs join 26th South Atlantic Forensic at Lenoir Rhyne
Debaters from 13 southern colleges converge in Hickory for a three day South Atlantic Forensic tournament at Lenoir Rhyne College. Out of state entrants include the Naval Academy Roanoke College William and Mary Carson-Newman and Waynesburg. Tar Heel schools Davidson Duke Mars Hill Gardner-Webb Appalachian High Point Wingate Wake Forest and Lenoir Rhyne field 16 teams with Appalachian and Lenoir Rhyne fielding two each. Rounds begin Thursday afternoon with four more on Friday and a final Saturday morning.
MENTIONED IN THIS ARTICLE
Hickory
Lenoir Rhyne College
U. S. Naval Academy of Annapolis
Road College
Salem
College of William and Mary of
Williamsburg
Carson-Newman College
Jefferson City
Tenn
Waynesburg College
Waynesburg
Davidson
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Dow Jones
Thomasville RD
Debbie Reynolds
Andy Griffith
Cinemascope
Hayley Mills
Tiger Bay
Elizabeth Taylor
Colored News
Pearl Harbor
Rialto Theatre
Willa Holder
Suzie WO Wong
Joe
HPC
Rock Hopson Day
Doris Tony Ran
Edie Adams
Jack Oakie
Jack Kruschen
Y Lwa
Aaa Verlaa
Tennessee Williams
Laurence Harvey
Geraldine Page
Thiessee
Wlan
Tr Nel
Earl Joie Tna Maal
Holliman
Technicolor
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