Dow Drops Through 1960 Kennedy Bull Market Start
At noon the Dow industrial average fell 9.86 points and stood at 563.24, with blue chips plunging and widespread selling as market volume surged. By session midpoints the market showed few gains and questions persisted about finding a bottom.
MENTIONED IN THIS ARTICLE
Chesapeake & Ohio
Goodyear
Campbell Soup
Standard Oil
New Jersey
IBM
du Pont
Eastman Kodak
Texas Instruments
Reynolds Tobacco
Minnesota
AT & T
General Motors
Dow Jones
Dow
Mrs. Wilson of Bennett Dies at 80
Mrs. Della Bridges Wilson, 80, died at her Bennett Rt 2 home after a long illness. A Randolph County native, she belonged to Mount Zion Methodist Church. Survived by husband W. R. Wilson five sons Thad John Taft Tom Lewis of Bennett two sisters Ida Branson Staley Cornelia Taylor Kernersville 11 grandchildren and nine great grandchildren. Funeral 2 p.m. Wednesday at Mount Zion Methodist Church. Burial in church cemetery.
MENTIONED IN THIS ARTICLE
Asheboro
Della Bridges Wilson
Rt. 2
Bennett
Randolph County
Mount Zion
Mount Zion Methodist Church
Foster Loflin
Benny Maness
Stock Averages Drop Sharply on Wall Street
The AP 60-stock average slid to 211.20 and the Dow fell 34.95 to 576.93. The market value on the NYSE dropped to 301.5 billion from 388 billion at year end 1961 as volume reached 9.35 million shares. This marked the steepest declines since October 1929.
MENTIONED IN THIS ARTICLE
ED Morse
Eastman Rod
AP Business
Firestone
NEW York (Ap
Gen Foods
New York Stock Exchange
Tel
Goodrich BF
Ee Ee
Goodyear T&r
Greyhound
American Fidelity Life
Gulf Oil Corpeceae
Boston Capital Cor
Nickel Cantee
Associated Press
Paper
Botany Industries Feneeee
Tel & Tel
Colonial Stores
Kayser-Roth
Crumpton
Drexel Enterprises
Liggett & Myers
First Southern Sone Ovo
Lockh Air
Lorillard P
First Union Nat. Bank
McLean Trk
Gulf Life Ins. Co
Harris-Teeter Super M
Monsanto
Monty Ward
Houston Corp
Motorpla Ece
Intermountain Tel
Jefferson Standard
Nat Biscuit
Nat Dairy Pd
Kavanaugh-Smith Seeeee Sl
Nat Distillers
Lance, Inc. Setae
NY Central
Life & Casualty
Tae
North West
Li'l General Stores
Avia
Metrotek Electron
Moore-Handley, Inc
Ohio
N. C. National Bank
Paramid
Piedmont Nat. Gas
Penney J C
Public Ser. of
N.C
Pennsy RR
Pyramid Life
Scottish Bank
Pepsi-Cola
Phillips Pett
Security L. & T. Co
Pure Oil
Soroban Eng. Inc
Radio Corp
Standard Motor Prod
Rep Sil
ThermoPlastics
Reynolds
Thomasville Industr
Sears Roebuck
Lu. S. Leasing Vue
Sou Railway Hares
Wachovia Bank Evere
Sperry Corp
Wise Homes Weesene
Brandsee
North State Tel
Calif
Eeeneee
North State
NJ Piseaeae
Stevens J P
Texaco Ind
Textron Inc
United Airer Weer
United Fruit US
Va. P&p
Western Md
West Union
Westing Eltener
Winn-Dixie
Woolworth
Zenith
Dow Jones
Frankfurt
Germany
Volkswagen
Tokyo
Stock Exchange
Over Counter Stocks Price Guide May 29 1962
Unofficial bid and asked prices compiled May 29 1962 from NASD and other sources. They show approximate ranges within which securities could have been sold or bought at the time, with origin of quotations available upon request.
MENTIONED IN THIS ARTICLE
National Association of Securities Dealers, Inc
Posner Faces Market Drop Says We'll Live Through It
AP recounts Edwin Posner chairman of the American Stock Exchange as markets fall on Monday. He notes bear market realism and optimism that the downturn will end, recalling 1929, predicting a future rebound, and passing leadership to Edwin Etherington after Labor Day.
MENTIONED IN THIS ARTICLE
Darden Chambliss
AP Business
NEW York
American Stock Exchange
Edwin Posner
Noone
Posner
American Exchange
Day
Edwin Etherington
Etherington
Eldon Grimm
Walston and Co
Connecticut
London Exchange Plunges Amid Global Stock Selloff
The London Stock Exchange suffered its steepest fall since 1938 as Wall Street slumped and parallel declines hit Paris, Zurich and Frankfurt. Unilever, Phillips Lamps, Ford and Shell came under pressure while gold, tin, and copper shares dropped. the FT index slid to 265.9 from a May 1961 peak, with brief rallies failing to halt the drop.
MENTIONED IN THIS ARTICLE
London
London Stock Exchange
Munich
Wall Street
Paris
Zurich
Frankfurt
Europe
Japan
Unilever
Phillips
Ford
Switzerland
West Germany
Financial Times
London Exchange
Zurich Stock Exchange
Union Bank of Switzerland
Cotton futures open lower after unchanged close
New York cotton futures opened today with prices down about 25 cents per bale from the prior close. Trading showed modest declines across the board as traders awaited clearer market signals.
MENTIONED IN THIS ARTICLE
New York
Woman Charged With Trespassing in Local Case
Dorothy Fulp of West Point Avenue faces trespassing charges after warnings from Christine Ridge of Albertson Road went unheeded. Fulp posted a $25 bond for Municipal Court on June 1. Capias issued for Raymond E. Isom of Prospect Street after unpaid debt proceedings and a $100 bond for court appearance on June 1.
MENTIONED IN THIS ARTICLE
Dorothy Fulp
West Point Avenue
Christine Ridge
Albertson Road
Ridge
Fulp
Raymond E. Isom
Prospect Street
Isom
Paul Young
City cleanup ends with missed address calls urged
City crews finish trash pickup in the eastern section of the annual Clean-up Fix-up campaign and may return for missed houses. Public works director George Dean says crews stand ready to redo pickups and asks missed residents to call his office. Crews in the western section continue work as the campaign winds down.
MENTIONED IN THIS ARTICLE
George Dean
Public Works
Drive Carefully Truck Sign Passed Through Tucson
A Tucson scene shows a passing truck bearing a cautionary sign that reads Drive Carefully This Truck Hasnt Lost An Accident Yea highlighting a public safety joke or message in the city.
MENTIONED IN THIS ARTICLE
Tucson
Ariz
Berserk Bus Passenger Fatally Shot on Chicago Route
A Greyhound passenger identified as Milots Savo Brekich, 27, fatally shot by police after stabbing the driver and two men aboard on Congress Expressway West Side. Brekich wounded two officers, threatened others, and was shot in the head when he refused orders to drop the knife. Several passengers, including Ruth Kelley, 68, and Donald Paul, 38, were hospitalized for shock or injuries.
MENTIONED IN THIS ARTICLE
Chicago
Greyhound
Milots Savo Brekich
San Francisco
Arthur McCauslin
Ross Moran
Brekich
Congress Expressway
Wilfred Doss
Addison
William Koxko
Negaunee
Mich
Doss
Kokko
Donald Paul
Des Moines
Iowa
Donald Valencourt
Spring Lake
McCauslin
Moran
Williams
Ruth Kelley
Park Forest
Ill
Randleman Woman Flora Prevo Heath Dies at 69
Flora Prevo Heath 69 of Randleman died at 8 30 in an Asheboro hospital after two weeks illness. Survived by three sons Frank of home C D of Greensboro and Tommy of Edenton three daughters Edith and Ella Russell of Randleman and Louise Huggins of High Point one brother Frank Prevo of Asheboro one sister Zoodie Swaim of Randleman 11 grandchildren and one great grandchild. Funeral arrangements are in complete.
MENTIONED IN THIS ARTICLE
Randleman
Flora Prevo Heath
Asheboro
Frank
C. D
Greensboro
Tommy
Edenton
Edith Russell
Ella Deane Russell
Louise Huggins
High Point
Frank Prevo
Zoodie Swaim
Circle Theatre Renewed for Eighth Season
Circle Theatre will be renewed for an eighth season starting next fall. The CBS program features dramatized documentaries using real-life material, with writers applying dramatic license to compress time and create fictional characters. Producer Robert Costello notes the show blends crime and cancer stories and sometimes fuses real cases with fictional elements.
MENTIONED IN THIS ARTICLE
Cynthia Lowry
NEW York
Circle Theatre
Circle
Robert Costello
CBS
United States
Costello
Jerry Lewis Tonight and TV Highlights from a Classic Lineup
The TV schedule features The Wacky World of Jerry Lewis in a one man show and repeats a varied lineup including The Red Skelton Show Ichabod and Me and News and Sports segments. Costello discusses assembling a WWII ghost plane story and Libyan scouting for a program.
MENTIONED IN THIS ARTICLE
Jerry Lewis
ABC
Costello
Libya
Also Mentioned on This Page
Adams Mills
Allied Ch
Am Can Co
Am Enka
Am Motors Eae Eee
Tel & Tel Eee
Tobpeter
Atch T&sf Tert Eeee
Atl Coast Line
Atl Refining
Avco Co Balt & O
Bendix Corp Eenees
Beth
Dan Riv Mills
Douglas Aire
Don Chem
Dupontden
East Airl
Hal R. Cooper
Shell Petroleum
Bache & Co
Rev. Ti A.m
Glenn Ford
Rewick
Stasi Au
Infer
Troy Donahue
Angie Dickinson
Ean
Susan
Ali Ert
Panna Hursts
Warnercolor
Wassey-Hunter-Malone
Francis — —Also
Doris
Danger Rides
Jim Brown
Frances Rafferty
Walter ‘Old Rivers’ Brennan
Big Sag
T’ville RD
Tonite
Othe
Ingrid Thulin
General Tires
Workes Tire Service, Inc
Dick) Hughes
North Main
Circle Theatre Renewed
Laramie
Jess Harper
Slim Sherman
Sebastian Cabot
Dr. Hyatt
Dr. Pomerantz
Wfmy-Tv
Wsjs-Tv
Dr. Malone
Hollywood
Bob Gordon
Dawg
Peter Gunn
Walter Cronkite
Phil Silvers
Marshall Dillon
Everglades Everglades
Dick Powell
Ichabod and ME
Bob
Garry Moore
Robert Goulet
Allen and Rossi
Barbara Streisand
Alfred Hitchcock
Katharine Hepburn
Rossano Brazzi
WBTV
Pat Lee
Whitlybirds
Weathermar
Cronkite Ni
Kangaroo
Guiding Light
CTI
Charl
Marshal Dillon
Diamond King
Dobie Gillis
Skelton
Jackson
Hollywood Report
Uncle Looney
Deputy Dawg
Hunt.Brinkley
Roanoki
Hitchcock
Cain’s
Hunt.Brinkiey
Mathematics
Today Show
Harvey Dinkins
Miss Brooks
Ernie Ford
Jan Murray
Jan Murry
Loretta Young
Charlotte
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