Stock Market Dull Early Trading As Averages Dip
NEW YORK AP The stock market opened slow with prices modestly lower. The Dow Jones average at noon fell 3.18 to 647.52 as major steels and big industrials sagged while some sectors held steady.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 21, 1962
Page
2
NEW YORK AP The stock market opened slow with prices modestly lower. The Dow Jones average at noon fell 3.18 to 647.52 as major steels and big industrials sagged while some sectors held steady.
President Kennedy defends a government health measure while opponents led by Larson warn of dangerous power over medical practice. The AMA backs Kerr Mills as thousands outside hear via public address. Kennedy cites visits to his ill father and urges doctors to seek the administration's concise explanation of the bill.
Stamboury, after an accident with one of his ice cream trucks, clashed with officers as Warren Jackson reported a 8 year old boarding the truck and later fell. The boy was lightly injured. Stamboury faces City Court on a charge of interfering with a policeman.
At least 14 people died in incidents across North Carolina over the weekend. Drowning victims include Jerry Herbert Bolick 19 of Morganton in the Catawba River near Gastonia and Dick Shuler 16 of Thomasville in a farm pond. A possible suicide is listed for George Arthur McLean 40 of Charlotte. Other cases involve axe slaying, inquest holds, and multiple traffic fatalities including UNC students Charles Fiedler III and Myra Kinlaw among others.
The index readings show the Dow Jones industrials at 647.52 at 11 am rising to 650.70 by noon. Utilities and other stocks advanced, with overall volume reported around 480,000 at 11 am, 920,000 by noon, and 2.0 million later in the session.
Henry T. Baldwin, in his late 30s, was seized from his Elon College home by six masked men and beaten. A note signed Ku Klux Klan was left on the door. He sustained two broken ribs a head injury and several welts while previously convicted with his wife of cruelty to their four children and ordered to pay into the welfare fund. Police say the attackers warned him not to contact police and to reunite his family.
The Lions Club opened general sessions of its state convention in Carolina Beach North Carolina with Per Stahl president of Lions International from Sweden set to speak at a banquet for North Carolina district governors. Ben H. Horne of Monroe heads the state Lions group and Wayne Simpson of China Grove leads the association for the blind which also meets.
AP reports NBC presented A Sound of Hunting an adult war drama about a World War II Army squad in a forward position. Sal Mineo depicted a trigger happy soldier using strong language as the unit frets over a pinned-down comrade and a tense firefight unfolds.
Capsule views of wartime moral choices mirror TV lineup notes. Ed Sullivan era hosts Peggy Lee shines on CBS. Repeats of Wyatt Earp Bat Masterson Roy Rogers and others fill summer schedules along with Gunsmoke and The Rifleman. Beavers and Donna Reed show mix with medical and police drama listings across stations WSJS WSLS and CH.
James Franciscus guest stars in Ben Casey on ABC from 10 to 11 p m EDT in a head injury case. Jan Murray begins a week as host of The Tonight Show on NBC from 11:15 p m to 1 a m.
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