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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 26, 1960
Page
2
The page lists bid and asked prices for various securities as gathered from five national associations. Traders monitor these quotations to assess market activity and price movements across multiple listings.
New York AP reports cotton futures opened twenty cents per bale higher on the market today.
The Dow Jones averages show industrials at 672.28 and utilities at 88.99 with Rails around 142.46. The data reflects closing figures furnished by Bache & Co and lists prices for the period including overall stock level near 205.04 and prior readings at 205.25.
Lundy and nine other Americans landed in a sod field north of the East German town after an asserted satisfactory flight. East German police questioned the crew. Barbara A McCash of Atlanta was spared from a search and the group later received reportedly good treatment from Soviet troops at Grevesmuehlen.
Gov. Nelson A. Rockefeller considered offering himself as a reserve candidate for the Republican nomination for president. He would join only if the party rejects Vice President Richard M. Nixon. Nixon is the only declared candidate and appears poised to win the nomination on the first ballot.
President Eisenhower defended U2 aerial missions as essential for early warning of Soviet military developments. He noted the May 1 incident cited by Khrushchev and said such flights were one of many methods to keep the Free World informed. He urged unity among Western allies and cautioned against red ink on Paris.
Hal Hayes sits at a Sunset Strip bar reviewing his empire and claiming 40 million dollars in checks written. He says work will resume once payments clear as subcontractors face halted projects at Camp Lejeune Grand Forks Air Force Base Fort Bliss and California sites. He blames competitors and bond companies for the trouble and notes government policy changes and unpaid liens while asserting funds exist to meet obligations.
A loaded school bus and a car collided at a rural intersection near Granite Falls killing a child named Ricky Annis, 5, of Rt. 2 Granite Falls. The driver Melton Annis was treated for shock. Teague, 17, the bus driver, reported stopping and then the crash. No charges filed as investigation continues.
In Washington on a Wednesday broadcast Eisenhower defended the U2 spy plane flight as essential to national security. Present were House leaders Speaker Rayburn and Representatives McCormack Hallick Cannon Taber Vinson Arends Morgan Chiperfield Byrnes Hoeven Albert Allen, plus Secretary Herter Defense Gates and Undersecretary Merchant. He urged reason and common sense in policy.
Refugees flee Puerto Montt describe ruined city with scarce water and food. Chilean Finance Minister Roberto Verara warns debt and foreign loans needed as earthquakes destroy railways roads telegraphs power bridges schools and banks, leaving thousands homeless. Air Force units in the Canal Zone rush tents blankets field radios and litters for evacuation. Argentina Cuba Ecuador Haiti Peru the Netherlands and Norway send relief supplies.
Rome honors a 14th century Italian bishop from Bergamo and Padua noted for reshaping ecclesiastical studies and seminaries with a formal sainthood proclamation.
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