Stock market gains mildly despite Ford dips
The AP average of 60 stocks at noon rose .30 to 257.20 as gains in rails and utilities offset Ford’s pullback. Industrials rose .40, while oils fell. The Dow Jones average stood at 708.57, up 1.94, with mixed action across major groups and some prominent names advancing or retreating.
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New York
Ford Motor
Associated Press
Ford
Chrysler
American Motors
Zenith
Paramount Pictures
General Tire
Celotex
Liggett & Myers
American Tobacco
Outer Banks Devastation Strips Coast After Severe Storm
National Guardsmen Coast Guard and highway crews evacuated residents from the Outer Banks area as sand and floodwaters covered highways and homes from Ocracoke to Kill Devil Hills. Officials estimate damages at 2 to 3 million dollars with power and phone services down and refugees sheltered at Maneto on Roanoke Island.
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Outer Banks
National Guardsmen
Coast Guard
Highway Patrol
Highway Department
Red Cross
Manteo
Roanoke Island
Ocracoke
Kill Devil Hills
Nags Head
Kitty Hawk
William Spruill
Dare County
Frank Cohoon
Civil Defense
Jockey’s Ridge
National Guard
Alpheus Drinkwater
Dorothy Fry
Donnie’ Twynne
Portsmouth
Gov. Sanford
Raleigh
Security Quotations From NASD A Guide To Bid and Asked Prices
Unofficial securities quotations compiled February 16 1962 from NASD and other sources serve as a guide to approximate bid and asked ranges. They are not sales or purchase records and origin of any quotation is available upon request.
MENTIONED IN THIS ARTICLE
National Association of Securities Dealers, Inc
Cotton futures open unchanged to 20 cents higher
New York report states cotton futures opened trading unchanged to 20 cents per bale above the prior close.
MENTIONED IN THIS ARTICLE
New York
Dow Jones Averages and Market Figures
The Dow Jones industrials open at 707.84 and move to 708.57 by noon. Rail and utility stocks show 145.34 and 128.07 with notable volume around 630000 to 2890000 shares.
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Bache
Robbery suspects flee after dumping cash in sack
In a highway area near US 29 70 a man and one accomplice fled southward after stuffing savings into a paper sack and sliding down an embankment beside a building with its rear to the highway. The taller suspect wore a grey raincoat while the other had a black trenchcoat and Army cap.
Wake County Grand Jury Indicts Brewer and Burch in Sign Purchases
A Wake County grand jury indicted Brewer former state highway engineer Robert A. Burch and his son Robert M. Burch on conspiracy to defraud the state in highway sign and material purchases. Gov Sanford alleges Brewer received 233000 in commissions and paid 40000 to the younger Burch plus over 6000 to Duke University for his use.
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Wake County
Brewer
Robert A. Burch
Robert M. Burch
Terry Sanford
Burch
Duke University
Glenns Flight Highlights Gemini Apollo Progress
Houston AP reports astronaut remarks at a news conference after John Glenn's orbital flight. Malcom Carpenter says the flight proves many anticipated problems do not exist as NASA prepares for Gemini and Apollo efforts including two man spacecraft and moon orbit plans. The conference updates on moon mission preparations and a $90 million lab near Houston.
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Houston
Tex
John Glenn
Malcolm S. Carpenter
Carpenter
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Here
U S and 24 nations agree to cut tariffs
The United States and 24 other nations plan roughly a 20 percent tariff reduction on a wide range of items from automobiles to Scotch whisky. The deal, seen as favorable by U S automakers, shifts $1.2 billion in imports and $1.6 billion in U S goods under the new regime. The plan advances in two stages with a future aim of broader cuts and freer negotiations.
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Harry Kelly Washington
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Kennedy says U S economy healthier than skeptics
President Kennedy told reporters the U S economy shows strength with low unemployment, record profits, and stable prices. He urged Congress to act on measures to guard recovery and pressed negotiators to resume steel talks to avert a strike. He outlined aims for Geneva disarmament talks and broader tariff reductions tied to his domestic program.
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Pipeline Plan Ties Houston to New York via Southern Route
The proposed Colonial pipeline would run from Houston to Baton Rouge then northeast through Meridian Birmingham Atlanta Spartanburg Charlotte Danville Richmond Washington Baltimore Philadelphia and New York City with spur lines to Montgomery Chattanooga Nashville Knoxville Rome Griffin Macon Columbus Americus Albany Bainbridge Athens Augusta Savannah Charleston Durham Raleigh Fayetteville Norfolk Roanoke and Lynchburg.
MENTIONED IN THIS ARTICLE
American Oil Co
Cities Service Co
Continental Oil Co
Gulf Oil Corp
Phillips Petroleum Co
the Pure Oil Co
Sinclair Pipe Line Co
Socony Mobil Oil Co., Inc
Texaco, Inc
R. J. Andress
Service Pipe Line Co
Tulsa
Okla
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Miss
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S. C
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N. C
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Savannah, Ga
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Durham
Raleigh
Fayetteville
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Roanoke
Lynchburg
Johnson earns law degree citation praised by NC official
The citation read by North Carolina Secretary of State Thad Eure lauded a doctor named Johnson for leadership that spans states and regions to protect the interests of all people as he was recognized for a law degree.
MENTIONED IN THIS ARTICLE
North Carolina
Thad Eure
Johnson reaffirms US pledge to United Nations visit to Elon
Johnson reaffirms the United States commitment to the United Nations calling it a place for peaceful problem solving. Vice President and North Carolina senators Everett Jordan and Sam Ervin landed at Elon on a helicopter to a crowd on the campus lawn. A Greensboro airport arrival preceded the visit and a high school band played as the helicopter touched down.
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United States
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Carolina
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Sam Ervin
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Ihe
State of emergency declared as Navy and National Guard aid storm area
Winds from page 1 A report states a state of emergency was declared and National Guard called in to curb looting. Local police, firemen, Navy, Civil Defense personnel, and Red Cross worked in stricken zones while helicopters hovered over the hardest hit districts.
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Navy
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Red Cross
Portsmouth
A. H. Dumont
Coast Guard
Chun Lee
Atlantic
Chesapeake
Norfolk
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