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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 22, 1961
Page
2
Stock market mixed with tobacco shares showing strength while overall indices slip. AP average of 60 stocks at noon falls 0.90 to 266.99 with industrials down 1.00, rails down 0.90, and utilities down 0.30 amid broad declines.
Market action shows cotton gains from fractions to about a point amid mixed profits and buying in building materials and chemicals. Leading names move with American Tobacco up about 3 points, Philip Morris and Liggett & Myers around 2, IBM down, and utilities mixed as the overall trend turns lower for several sectors.
The noon Dow Jones Industrial Average sits at 728.80, down 0.52 with mixed moves on the American Stock Exchange. Bonds shift modestly. utilities and rail stocks show limited gains amid steady, uneven session activity.
President Kennedy and German Chancellor Adenauer wrap Berlin policy talks with reported agreement that Western powers should pursue further East-West exploratory talks with the Soviet Union. Both leaders seek to deter Communist pressure on West Berlin while keeping doors open for a peaceful settlement.
The nation observes the 340th Thanksgiving with Kennedy's proclamation. He plans a Cape Cod weekend, budget talks, and a Khrushchev editor interview. Across the country parades, travel surges, and open houses in Plymouth and Provincetown mark the holiday.
Mrs. Bigger says four pages in Drums Along the Mohawk cover a battle while the author details a half wit servant girl living with an Indian. Administrators note the girl is punished for her sins, but Bigger claims she ends up satisfied with the Indian. she cites oaths in the book.
Gov Rockefeller plans a close-in inspection of the Agats region Thursday by flying boat. The riverbank is mud and mangroves, with crocodiles in the waters. A radar search found no trace of two gasoline cans used as a raft. Michael-a strong swimmer-reached shore, raising hope he may be alive if he did.
A Texas oil well drilled to nearly five miles in 1959 cost about three million dollars but produced no commercial oil. In contrast the White House acquired its first Christmas tree during Benjamin Harrison’s administration.
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