Stock Market Dips as Columbus Day Quietly Sells
New York stock trading opened irregularly under light activity due to Columbus Day observance. Banks and many financial institutions were closed while World Series baseball games dampened interest. The AP average at noon fell 30 points to 208.00 as industrials, rails, and utilities slid slightly. oils rose modestly and copper dropped three cents a pound following a long pause in producer prices.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Big Trial Rolls On In Cuba
In Santa Clara, Cuba, a major conspiracy trial proceeds behind closed doors with limited foreign press access. About 170 defendants are in the courtroom, with more than 200 named on trial for armed rebellion in the Escambray region. among them an American identified as Richard Pecoraro of Staten Island. A second military tribunal in Santiago will hear evidence against 21 men tied to an invasion attempt on Cuba’s northeast coast. The Dow Jones average stood at 987.72 at noon, down 1.03, as Columbus Day affected bond trading and market activity.
MENTIONED IN THIS ARTICLE
Santa Clara
Cuba
Escambray Mountains
Revolucion
Richard Pecoraro
Staten Island
N. Y
New York City
Santiago
U.S
Nan. Er
Khrushchev’s Disarmament Row Disrupts U N Debates
Khrushchev heatedly attacked Western nations over disarmament in the U N General Assembly. He warned of war if demands were pressed and vowed not to be intimidated. U S delegate James J. Wadsworth challenged Soviet tactics as France disputed Khrushchev’s charges.
MENTIONED IN THIS ARTICLE
Soviet Union
Europe
United States
U.N. General Assembly
Khrushchev
Wadsworth
Park Avenue
Moscow
New York
Jules Moch
Two Injured In Crash At Lindsay Street Intersection
A two-vehicle collision at the Lindsay Street and Boulevard intersection injured two people yesterday at 3:58 pm. Sue Saunders, 40, and Margaret Hawkins, 48, were treated. Hawkins was admitted for observation. Saunders car northbound. Hawkins westbound. Hawkins charged with failure to yield.
MENTIONED IN THIS ARTICLE
Lindsay and
Boulevard
Sue Knight Saunders
E. Farriss Avenue
Margaret Lindsey Hawkins
Hazel Avenue
Nikkil, Saunders
Saunders
High Point
Memorial Hospital
Hawkins
Lindsay Street
Guardsman Missing Off Wake Island Flight
A Fargo pilot and Lt Duane Stirling vanish after their single engine plane goes down three miles north of Wake Island during a nonstop Oakland to Manila attempt. Capt Charles Finnegan landed safely on Wake. Coast Guard searches extend after a light beacon sighting.
MENTIONED IN THIS ARTICLE
SAN Francsco
Fargo
N. D
Wake Island
Coast Guard
Wake
Oakland
Calif
Manila
San Francisco
Islands
Duane Stirling
Stirling
Charles Finnegan
Investment theory and nine year program doubts
The piece discusses nine year investment plans, risk of shifting funds, and evaluating a target of 50 percent gain. It notes many theories exist, some misfire under fear and changing conditions, and highlights the impracticality of a fixed nine year goal. It compares conservative utilities to high risk tech stocks.
Positive investing guidance against rigid limits and risk
The speaker urges constructive, long term investing with annual $500 contributions for a decade, advocating aggressive capital gain strategies while avoiding fixed limits. They warn against overreliance on formulas, noting growth in companies and the need for vigilance and risk in both liberty and investment success.
Mueller Attacks Kennedy Program At North Carolina Fair
Commerce Secretary Frederick H. Mueller told a Raleigh audience at the State Fair that the Kennedy farm plan would raise food prices by about 25 percent. He argued the 1960 program would not build a sound peacetime economy and mocked Kennedy’s prior convention remarks.
MENTIONED IN THIS ARTICLE
Raleigh
Commerce
Frederick H. Mueller
John Kennedy
Mueller
Truman
Trusman
Dick ‘Nixon
Cabot Lodge
Kennedy
Young Killer Imprisoned For Attack in Arkansas
Gary Earl Bright, 15, pleaded guilty to a pipe-wrench attack on his stepmother Alden Kathleen Webb Bright, 33, at their farm. The judge sentenced him to 15 years in a penitentiary after previous insanity pleas. he had earlier killed his mother and two siblings in 1957 and 1958, then shot himself.
MENTIONED IN THIS ARTICLE
Bentonville, Ark
Gary Earl Bright
Alden Kathleen Webb Bright
Maupin Cummings
State Hospital
Ssane
Bright
St. Louis
Earl Bright
Spy In Sky Failure Probed At Air Force Lab
In Arguello California AP reports the first Samos satellite failed to reach orbit and is under investigation by Air Force scientists. Officially the craft radioed a few signals before vanishing, with the test aimed at future satellites capable of taking highly detailed pictures from space beyond U2 capabilities.
MENTIONED IN THIS ARTICLE
Point Arguello
Calif
United States
Air Force
Samos
Eichmann Seen Contented by Defense Lawyer
Lawyer Robert Servatius met Adolf Eichmann in Tel Aviv for the second time and said the prisoner appeared contented and well. Servatius is retained by Eichmann’s family to defend him against charges of directing the mass extermination of six million Jews during World War II.
MENTIONED IN THIS ARTICLE
Tel Aviv
Israel
Robert Servatius
Adolf Eichmann
Servatius
Eichmann
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High Point Enterprise
Web
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American Can Co
Cotton
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Adams-Millis Corp. Prey
American Tobacco Co
the Borden Co
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Odteragedee
Burlington Mills
Chrysler Corp
New York Central B
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DuPont de Nemours
Proctor & Gamble General Dynamics
Reynolds Tobacco
General Electric
Republic Steel and
Gulf Oil
Sears Roebuck
Southern
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Goodyear Tire & Runbe
Ai J. P. Stevens Co
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American Tel
International Tel
the Texas Co
Standard Oil Co
Union Carbide & Carbon
Jones Laughlin Stet
United Aircraft Corp
Johns Manville
Westinghouse Electric Co
Norfolk & Western
Iw. S. Steel
Phillips Petroleum
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Davis Patrol & Watchman Service
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Dean
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