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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 17, 1962
Page
2
Unofficial bid and asked prices from NASD and other sources. They show approximate ranges within which securities could have been sold or bought at compilation time. Origin of quotations available on request.
The Dow Jones industrial average fell by 7.68 points to 646.36 at noon as volume remained light and selling pressure dominated. Major stock groups including rails and utilities moved lower while several large manufacturers showed fractional losses amid a slow trading session.
The platform claims to elevate education with wider access and higher college enrollments, while opposing tax increases. It praises the 1961 General Assembly for education funding and calls for responsible governance and fair representation, urging farming profitability and continued state university support. The document notes postwar leadership and a push for reapportionment and modernization of the state government.
A Fayetteville attorney told the National Rivers and Harbors Congress that authorizing and building the New Hope Dam in Chatham County would bring a future of new hope for millions of North Carolinians. He represented the Cape Fear Basin Development Association and cited flood protection low flow regulation and recreation as immediate needs the dam would meet. The Army Corps of Engineers has recommended the dam and reservoir as a starting point for Cape Fear Basin development.
A three day Jamestown Park event marks the 350th anniversary of the first tobacco crop in the New World. Secretary of Commerce Luther Hodges spoke at the Tobacco Institute meeting joined by Raleigh editor Jonathan Daniels who defended tobacco's role in colonial growth and public service taxes. In Louisville, David L Bennett, 44, was found guilty after his attorney prosecuted him for stealing stamps during arrest discussions.
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