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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 18, 1962
Page
2
The AP average of 60 stocks at noon fell .4 to 217.5 with industrials down .7, rails flat, and utilities down .2. Major steelmakers and firms like Du Pont Goodyear and Home stake slipped while the Dow Jones average declined 2.64 to 585.04 as bonds edged higher in light trading.
The envoy cites claims that the West supplied arms to the freely elected German government to oppose a potential coup. He notes a later start of arming by Germany and contrasts it with Soviet actions in the region. The remarks reference Communist press coverage and postwar rearmament debates.
National association quotes show unofficial bid and asked ranges for over counter stocks as of October 18 1962. Auto stocks drifted lower with Lockheed and other aerospace names down, IBM and Xerox slipped, Polaroid and Korvette little changed. Public Service Electric & Gas led minor gains while Pfizer Merck and Eastern Air Lines posted fractional advances.
President Kennedy plans to press the Berlin issue and favor continued exploratory US Soviet talks to ease tensions. Berlin prospects for a formal accord look dim, but officials advocate dialogue to understand and reduce potential crises. Schroeder returns to Bonn to brief Adenauer before Kennedy Khrushchev talks.
Former President Harry S. Truman says the U.S. is paying for eight years under Dwight D. Eisenhower. He told a Democratic rally that the Eisenhower administration allowed economic breakdown and weaker leadership abroad.
Ranger from Page Iowa reportedly maintains speeds not exceeding 150 miles per hour and survives an unspecified incident. unclear text follows with garbled content.
The Dow Jones averages show 30 Industrials at 586.42 585.04 582.74 with volume around 55,000. Rails at 117.5 117.36 117.06 and Utilities near 119.69 120.07 119.63. Stocks trade around 204.64 204.48 203.75 with similar activity.
The U S Protestant missionary movement gathers 250 global church leaders in Montreat North Carolina to debate rising nationalism in Asia Africa and Latin America. Committees report and will present recommendations before Friday. Decisions are guiding but not binding on the Board of World Missions which meets in Nashville next January. Earlier a role for women in mission work was noted but not widely answered.
Vatican City AP reports the Roman Catholic Ecumenical Council enters its second week with a mix of satisfaction and struggle among 2,700 delegates from around the world. Pope John XXIII praised progress while traditionalists clash with progressives over church reforms. Bishop Burke of Buffalo dies of a heart attack.
University of Mississippi Chancellor J D Williams assails political interference connected to the Meredith case. He cites court rulings and trustee actions that shifted power to admit or deny Meredith, while noting no policy barred qualified applicants. He also warnings about accreditation concerns with the Southern Association of Colleges and Schools.
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