Market Slip Deepens As Third Session Declines
New York stock prices edged down in moderate early trading led by losses in steels autos rails and utilities. The AP index of 60 stocks stood at noon 208.40 down 0.80 as many major issues eased about one point. A few issues rose slightly despite the broad downtrend. Neon stocks listed by Bache & Co. showed some gains while home building weakness and earnings pressures pressured investor sentiment.
MENTIONED IN THIS ARTICLE
NEW York
Associated Press
Action on Cuba export curbs widens US measures
The Commerce Department imposed new broad export restrictions on shipments to Cuba under the Export Control Act, aiming to curb indirect transfers via third countries. The policy follows prior seizures of American properties and sugar embargoes, with Thursday as the effective date and scrutiny of wheat shipments under international agreements. The move caps concern over Castro's regime and aligns with earlier U.S. actions against Cuban trade and its alliance with the Soviet Union.
MENTIONED IN THIS ARTICLE
Richard M. Nixon
Legion
Miami
Fla
Cuba
U.S
Castro
Union
Commerce Department
United States
Department
Formosa
Charles D. Griffin
Quemoy
Dow Jones Averages and Market Figures Summary
The report records midday stock performance with Dow Jones Averages at 586.24 and 588.93 for industrials and related indices. It lists trading data such as volume figures around 2.22 million and 930,000, with percentages and prices showing movement in the market.
MENTIONED IN THIS ARTICLE
the Riche & Co
Ta.m
Valume
U N Disarmament Talks Face Slow Roll On New Proposals
United States Britain and Italy press for swift resumption of East West disarmament negotiations and insistence on Western control machinery before any pledges. Soviets show no sign of accepting talks now, while Nigeria’s demand shifts top agenda to Africa aid with Algeria independence and disarmament issues likely to dominate for weeks.
MENTIONED IN THIS ARTICLE
United States
Italy
Britain
Rmore
U.S
Soviet Union
Canada
Nigeria
Eisenhower
Africa
Algeria
France
Khrushchev
U.N. Disarmament Commisson
Floyd E Thompson Dies Former Illinois Chief Justice
Floyd E Thompson 72 a prominent attorney and former chief justice of the Illinois Supreme Court died Tuesday. He served on the high court from 1919 to 1928, resigned to pursue the Democratic bid for governor and was born in Roodhouse.
MENTIONED IN THIS ARTICLE
Chicago
Floyd E. Thormpson
Illinois Supreme Court
Thompson
High Court
Roodhouse
Finances Catch Up With Two Tourists
Zurich AP report says American tourists Mark Kamin Kaminsky and Harvey Bennett faced a Soviet trial after a dispute over cash in a hotel room. Kaminsky, 28, and Bennett, 26, were expelled from the USSR and later returned to the United States from Vienna. Kaminsky received a seven year sentence on spy charges. Bennett was guarded on arrival.
MENTIONED IN THIS ARTICLE
Zurich
Switzerland
Anla
Mark J. Kamin Kaminsky
Gathersky
Harvey C. Bennett
Toling
United States
Kaminsky
Niles
Michanacs
Bennett
Tracy
Calif
New York
Union
Vienna
High Point muffler shop sues supplier over conspiracy
CHICAGO AP Thirteen former Midas dealers filed a U S District Court suit seeking nearly 5 5 million in damages alleging International Parts Corp and three Chicago subsidiaries forced exclusive contracts since 1955 across 25 states. They claim triable damages of 5 472 million under anti trust laws with actual damages 1 824 million. Named plaintiffs Morris Muffler Shop Greensboro and High Point locations seek damages for higher prices and discriminatory practices.
MENTIONED IN THIS ARTICLE
Chicago
Midas Automobile
U.S
International Parts Corp
Midas, Inc
Powell Muffler Co., Inc
Muffler] Corp. of America
International
Morris Muffler Shop
English St
High Point
N.C
Commerce Place
Greensboro
Nixon and Kennedy clash over U S military strength at Legion meet
At the Legion convention in Miami Beach Nixon and Kennedy agree on stepping up preparedness but offer conflicting pictures of U S strength. Both pledging to marshal the nation’s might against Communist threats near Cuba, Nixon cites economic measures to curb Castro’s Cuba while Kennedy outlines different approaches to deterrence and readiness.
MENTIONED IN THIS ARTICLE
Miami Beach
Fla
Richard M. Nixon
John F. Kennedy
United States
American ‘Legion
Cuba
Nixon
The
Legionnaires
Fidel Castro
Nixon Kennedy Clash Over Cuba and Defense Policy in Florida
The rival leaders, Kennedy and Nixon, pressed foreign policy and defense in Miami. Kennedy blamed the Eisenhower era for Latin American policy failings and warned that communism advances near Cuba, while Nixon claimed U S strength and urged a quarantine of Castro. The speech event drew about 10 000 Legionnaires and townspeople who reacted with applause.
MENTIONED IN THIS ARTICLE
Kidy
United States
Nixon
Kennedy
Washington
Florida
Miami Beach
Eisenhower
Cuba
Lightning Kills Seven in Honduras Road Crew
In TGU Honduran AP report lightning struck a road constriction gang on Tuesday. Seven men were killed and 14 others injured as a result of the strike. Local crews were responding to the incident and authorities were investigating the cause and securing the area.
MENTIONED IN THIS ARTICLE
Tsgucigalpa
Honduras
Also Mentioned on This Page
High Point Enterprise
Web
Bache & Co
American Can Co
Allied Chemical & Dye
Adamis Millis Corp
American Tobacco Co
the Borden Co
Bethlehem Steel
Burlington Mills
Chrysler Corp
New York Central RR
Cone Mills Corp
Carolina Light & Power
Douglas Aircraft
DuPont de Nemours
Dow Chemical
Eastern Airlines
Consolidated Edison Eastman Kodak Greyhound Core
General Dynamics
General Electric
Gulf Oil
General Motors
Goodyear Tire & Rubber
International Harvester International
Tel
Standard Oil Co
Jones Laughlin Steel Johns Manville
Idaho
Dow Jones
Jly
U.N. Secretarial and Security Council
General Electric Weathertron
Weathertron
Gentnas
Eccerarc Zett Air Conditioning and Heating CO
N. Main
Ati
Floyd E. Thompson
High Point Muffler Shop
Johnson
Joanson
Paraguay
West Africa
Allied
Allied Finance CO
W. Washington St
Acadia Lodge
Thateder
Reginald LE
Rogers
J. D. McCrery
Pine ST
Davis Patrol & Watchman Service
Jack S. Davis
Lila Moore Keen
FINE
Rae
Hospital
North Carolina
Blue Cross
Durham
N. Co
Dependable Refrigeration, Inc
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