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High Point Enterprise in High Point, North Carolina

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This newspaper page contains 19 articles. Subscribers can read the full text of each article.

Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Nov 22, 1960

Page

8

Stock Market Mixed Ahead of Trading Session

New York stocks showed uncertainty with the AP average up .20 to 215.10 at noon. The Dow Jones industrial average rose .56 to 605.10 as major issues like Eastman Kodak General Dynamics General Electric Gulf Oil and United Aircraft moved in a fluctuating market.

New York Associated Press Eastman Kodak General Dynamics General Electric Gulf Oil General Motors Goodyear Tire & Rubber International Harvester International Standard Oil Co Jones Laughlin Steel Dow Jones Johns Manville Norfolk & Western Ray U.S Phillips Petroleum Pennsylvania Railway Pepsi-Cola Proctor & Gamble Bache & Co Reynolds Tobacco American Can Co Republic Steel Allied Chemical & Dye Sears Roebuck Adams-Millis Corp Southern Ray American Tobacco Co J. P. Stevens Co the Borden Co American Tel. & Tel Bethlehem Steel the Texas Co. Burlington Mills Union Carbide & Carbon

Johnson signals openness to De Gaulle ideas at NATO talks

Vice President-elect Johnson indicates the new Kennedy administration will be more receptive to some De Gaulle proposals than Eisenhower. NATO parliamentarians discuss expanding political and economic cooperation and consider a joint aid program for underdeveloped countries. Norstad calls for moving atomic weapons into NATO channels.

Son France United States de Gaulle Johnson U. S Eisenhower NATO Texas John F. Kennedy United States Senate Guy Mollet French Socialist Party Lauris Norstad Europe

Witnesses link Counts to Aug. 30 robbery trail

The Tryon area witnesses testifying for the government include Mrs. F K Jusrick bookkeeper for G and K Furniture Columbus and Bar tow Wilson salesman for Ray Morris Furniture Rutherfordton. They report Counts paid small sums on Aug 30 and claimed it was all he had while FBI agents note he produced 176.05.

FBI Tryon F. K. Kusrick G and K Furniture Columbus Bartow Wilson Ray Morris Furniture Co Rutherfordton Counts Wilson John Munn Munn Oberg Pouerenes Kseas See

U.N. officials call Congo incident a tragic mistake during Welbeck expulsion

The fighting at the Welbeck residence in Leopoldville marked the fiercest clash in five months of Congo crisis. Mobutu ordered Congolese troops to the gate, Col Kokolo was killed, and Indian Brig. Indarjit Rikhe sought a ceasefire before Welbeck was driven out. The episode raised fears of a broader war between U.N. forces and Congolese army.

Brazzaville Congo River U. N U.N Congo Alexander Welbeck Ghana Mobutu Welbeck House Leopoldville

City Hears Groundbreaking Date Change for Ocean City Bridge

Ocean City officials seek to move the December ground breaking for a $1.25 million bridge after superstition warns Fridays bring bad luck. Mayor Nathaniel Smith calls the belief nonsense but notes local worry and requests Cape May County Freeholders to cancel December 2 ground breaking.

Ocean City Commission Cape May Nathaniel Smith

Quakes Shake Chile Body

Two earthquakes rattled Concepcion in south central Chile on Monday with no damage or injuries reported. Last May powerful quakes caused extensive destruction in the region.

Santiago Chile Concepcion

Handwriting Experts Cite Similarities in Robbery Note

Prosecutor presents enlargements of the note and a sample of Counts handwriting. Obert argues there are sufficient similarities to conclude both were written by the same person. Witness describes threats made to Landrumoh wife and children to force compliance and the target time of the robbery set for 2 30 p m.

Landrum Obert

Security Quotations Guide to Bid and Asked Prices

The following bids and asked prices are from the National Association of Securities Dealers Inc. and other unofficial sources. They do not reflect actual transactions and serve as a guide to approximate ranges for potential sale or purchase at the time of compilation. Origin of quotations available upon request.

National Association of Securities Dealers Inc

Dow Jones Averages Mixed at Noon Close on Broad Market

The Dow Jones averages show little change at midday with Industrials near 604.64, Utilities around 94.81, and Stocks about 200.74. Trading volume ranges from 689,000 to over 3 million shares across blocks, with price points listed for the noon close and previous readings.

Bache & Cat A.m

Farm Bureau delegates hear Williams at annual session

Delegates at the 25th annual Farm Bureau convention hear from Joseph Williams of the U S Department of Agriculture about farm policy and the evolving role of agriculture. A C Edwards notes rapid changes in agriculture including atomic energy and mechanization and urges organized farmer cooperation to meet future challenges.

Harold D. Cooley Nashville House Agriculture Committee Joseph R. Williams U.S. Department of Agriculture Farm Bureau Williams Yadkinville Commodity Stabilization Service A. C. Edwards Edwards

Loan request for extra funds against refinanced property

A reader seeking advice after refinancing a property and receiving $3,500 instead of the needed $5,000. They plan a down payment next spring and ask for investment options to bridge the shortfall.

Piedmont hearing probes Greensboro High Point air service

The case in Greensboro involves Eastern Air Lines Capital Airlines and United Air Lines with a bid to serve Greens boro High Point and Winston Salem from one airport. Piedmont Aviation seeks intervenor status as the fight centers on trunk line service and airport consolidation.

Greensboro Eastern Air Lines Capital Airlines United Air Lines CAB Capital United Air Lines, Inc Greensboro High Point Winston-Salem N.C Eastern Piedmont Aviation, Inc Cecil A. Beasley Piedmont Beasley Cone Henry Beecken Washington

Rare look at Eisenhower era aide role and Adams resignation

The article notes a position created to bridge the president and staff, likening it to the Eisenhower administration. Wilton B. Person serves in this post, succeeding Sherman Adams who resigned in 1958 amid charges of accepting favors. Adams denied wrongdoing.

Eisenhower Wilton B. Persons Army Person Sherman Adams Adams

Fire losses in the United States top 747 million in eight months

The report counts fire losses across the United States for the first eight months of the year at more than 747 million dollars. It highlights the ongoing impact on homeowners insurers and regional fire protection costs without detailing individual incidents.

United States

Investor column dismisses easy 40 percent gains

The adviser cautions that quick profits are unlikely in stocks and urges drastic portfolio changes for long term retirees. He suggests switching to sound, convertible preferreds and bonds, tax-aware profit taking, and notes the need to invest with tax considerations in mind.

Davis Denies Calling Dixie Governor

Baton Rouge native Gov. Jimmie H. Davis denied inviting a Southern governors conference for Nov. 30 in Baton Rouge. Ed Reed said the governor has not called or discussed such a meeting and no invitations were reported to Almond Hodges or Hollings. The episode follows a federal desegregation order and the Louisiana Legislature’s readiness to respond.

Baton Rouge Jimmie H. Davis Ed Reed Davis Mississippi Ross Barnett Virginia Almond North Carolina Hodges South Carolina iHollings Reed Louisiana Barnett U. S

Plastic Curtain Plant Planned in Rocky Mount NC

The Dorothy Curtain Co. Inc. of North Carolina will establish a plant in Rocky Mount to manufacture plastic window curtains for homes. John Minges of the Rocky Mount Chamber of Commerce announced the operation will start with about 30 workers and potential expansion to a 50 000 square foot facility employing roughly 100 people with New York sales offices.

Rocky Mount N.C Dorothy Curtain Co. Inc North Carolina John Minges

Wasp Sails to Caribbean for Caribbean patrol duty

The 40 000 ton aircraft carrier Wasp sails from Boston for Caribbean patrol off Nicaragua and Guatemala. The ship with 2 400 crew will relieve Shangri La off Central American coast. Thanksgiving leaves are cancelled for Wasp crew.

Boston Wasp Caribbean Nicaragua Guatemala Shangri-La Navy

Canadian ambassador Ed Turcotte dies at 62 in Bern

Ed mond Turcotte, 62, Canadian ambassador to Switzerland, died Monday of a heart seizure. A native of Swell, Mass., he held posts in Chicago and Caracas, Venezuela, and was ambassador to Colombia before leading the Bern mission in 1957.

Bern Switzerland Edmond Turcotte Swell Mass Chicago Caracas Venezuela Colombia

Also Mentioned on This Page

BA High Point Enterprise American Fidelity Life Colonial Stores Drexel Furniture Gulf Life J.B. Ivey & Co Jefferson Standard Life N.C. Natural Gas Piedmont Natural Gas Public Service of N.C Pyramid Life Soroban Eng. Corp Security Life & Trust N.C. National Bank Spur Oil Il's Superior Cable 5 Wachovia Bank & Trust Wise Homes Tpeeseweeee Investors Guide T.M. Ree U.S. Pat Mann Drug CO Banks of High Point Central Savings Bank High Point Savings & Trust Co North Carolina National Bank Wachovia Bank & Trust Co Mr. Shulsky Cecil Allstate John Burgess Clarence Vancannon Sears, Roebuck & Company North Main Street Allstate Insurance Companies MOME Skokie Dixie Conrad Executive Mansion New Orleans Hot Springs Ark Dmond Turcotte C.M Carl L. Poore G. Whitfield Jones Church Street Woodroe F. Haywood Santa Wachovia Wachovia Bank and Trust Company Member Federal Deposit Insurance Corporation Federal Reserve System
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