Cotton futures open with no trades in New York
New York cotton futures opened with no trades registered, signaling a quiet start to the trading day as prices and activity remain subdued.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 19, 1962
Page
2
New York cotton futures opened with no trades registered, signaling a quiet start to the trading day as prices and activity remain subdued.
The AP stock market report shows mixed early trading with the Dow Jones average down 0.2 at 232.9 at noon. Industrials dipped while rails rose and utilities held steady, with mixed moves among key sectors and notable swings in aerospace stocks.
Pioneer resident and businessman Gurney Harriss Kearns built a lasting record in High Point through Kearns Furniture Co and G.A.C. Corporation. He helped found a Duke University religion PhD fellowship, served on city council, supported Wesley Memorial Church, and established a major graduate study fund. Funeral plans listed with burial at Oakwood Memorial Park. Memorials directed to Wesley Memorial Church building fund.
Khrushchev urged radical party changes to shake up organization and production. He outlined 8.5 percent rise in capital goods and 6.3 percent in consumer goods for next year, with over 33 billion rubles in investment, alongside a 32 million acre expansion in field crops as the Central Committee meets. The session, reported by Tass, targets faster economic life amid bureaucracy and capital shortfalls.
Cuban U N attache Roberto Santiesteban Casanova and two other Cuban detainees were arrested in New York on charges of conspiracy to sabotage and failing to register as agents of a foreign power. Authorities said the suspects planned to blow oil refineries, plant incendiaries, and harass shoppers with grenades in New York and New Jersey.
After 18 hours of burning and jettisoning cargo, five crew members abandoned ship due to sulphur fumes and windward exits. They rode a lifeboat and were rescued after about an hour in the water. Twenty others crowded the leeward lifeboat. two more were saved by the tanker Virginia heading to Montreal. Doctors found no serious injuries and the men sailed to New York for further exams.
William R. Rogers, 25, of Boone North Carolina, a bookstore clerk at Appalachian State Teachers College, waived extradition in Norfolk Virginia and was held for return to Watauga County. He is accused of embezzling 9800 dollars in student loan funds. Rogers disappeared two weeks ago after starting the job and has a wife and two children. Dr. Plemmons reported fund discrepancies and missing accounting records at the college.
Indian officials report Chinese forces advancing in the river valley about a dozen miles south of Walong as Indian air support and civilian transports rush troops to Teju and up the valley toward the front. Trains and trucks mobilize units to halt the invasion while New Delhi weighs whether China will push toward Assam plains beyond the Himalaya region.
The table shows Dow Jones averages with Industrials 629.76 at close and 630.98 at noon, Rails 131.03 at noon, Utilities 122.79 at noon, and 65 Stocks index 219.21 with volumes listed as 650000, 1510000, and 4000000 respectively.
Paris AP Charles de Gaulle and his Gaullist UNR won 50 of 104 decided seats in the National Assembly race, leading in 134 of 369 metropolitan districts. UNR vote share rose to 31.9 percent from 17.5 in 1958, challenging but unlikely to secure a full majority.
ABC vice president James C. Hagerty defends airing Alger Hiss on a Nixon program as a free press issue. He says ABC had a right to interview Hiss, a convicted perjurer, alongside other participants, and rejects calls to censor the appearance while noting his personal opposition to Hiss.
Early returns show Popular Republicans with 4 seats and MRP holding 3 as Radical Socialists take 1 of 16 overseas seats. Gaullist strength in the last assembly stood at 176. The figures include 1 635 452 votes for MR and 1 384 998 for Radical Socialists.
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