Market reacts to Cuba arms quarantine with mixed shows
Stocks moved on Kennedy Cuba actions with defense issues firm and others weak. The Associated Press 60 stock average at noon fell 2 as utilities and oils led declines while industrials rose modestly. IBM and Polaroid dropped while Standard Oil and Royal Dutch slipped.
MENTIONED IN THIS ARTICLE
New York
Stock Market Today
Kennedy
Cuba
Associated Press
IBM
Polaroid
Standard Oil
New Jersey
Royal Dutch
American Telephone
Consolidated Edison
Public Service Electric & Gas
Sears Roebuck
Woolworth
Nehru defies mediation as India halts talks with Peiping
India resists an African Asian mediation offer while Nehru vows to continue the struggle against Red China over the border clashes in Ladakh and along the McMahon Line. Peiping accuses Indian forces of crossing the line and expanding territorial gains as fighting persists on eastern fronts. Dow Jones at noon rises 1.13 to 569.73 with bonds uneven.
MENTIONED IN THIS ARTICLE
Peiping Radio
India
Nehru
Red China
McMahon Line
Peiping
Tibet
Tak
Henry McMahon
Ladakh
Red
Lockheed
Boeing
United Aircraft
Bethlehem, Republic
Jones & Laughlin
Dow Jones
Britain Responds to Cuba Crisis with Cabinet Meeting
Britain backs U S warnings on Cuba as Chancellor Adenauer’s government signals support. The British Foreign Office calls the Soviet missile buildup shocking. Prime Minister Macmillan orders a special Cabinet meeting to assess the Cuba situation. A Chamber of Shipping spokesman notes ships cannot carry arms to Cuba but could carry arms on charter to other countries.
MENTIONED IN THIS ARTICLE
Konrad Adenauer
U. S
Cuba
Harold Macmillan
Britain
Chamber of Shipping
Cotton futures rise at New York opening
New York AP reports cotton futures opened 89 cents higher at 5.95 a bale above the previous close, signaling a strong start to trading session for the commodity and market watchers.
MENTIONED IN THIS ARTICLE
New York
Officers Seek Mail Robbery Loot In Weymouth Raid
U S marshals searched Thomas R Richards home in North Weymouth seeking 1 551 277 from a Plymouth mail truck robbery last Aug 14 Police say a policeman s uniform and a shotgun were found along with tools used to rip up a patio Neighbors noted the patio work began last fall and Richards was at work during the raid Authorities cited a lengthy affidavit to justify the warrant and declined further comment
MENTIONED IN THIS ARTICLE
Weymouth
Mass
U.S
Plymouth
Asst
Stanislaus Suchecki
Thomas R. Richards
White House
Hingham Bay
Boston
William F. White
W. Arthur Garrity
Raymond J. Dunn
Garrity
Peter J. Nelligan
Richards
Over Counter Stocks Quotation Notes
Unofficial stock prices from the Nefsonel Association of Securities Dealers and other sources. They show BID and ASKED levels as of October 23 1962 and are provided for reference on request.
MENTIONED IN THIS ARTICLE
Nefsonel Association of Securities Deeiers, Inc
Rusk Says Soviet Intervention Threatens Hemisphere
Secretary of State Dean Rusk warned that Soviet moves in Cuba threaten the hemisphere with destructive missiles capable of hitting major cities. He said the action tightens Communist influence in the Western Hemisphere and tests inter American defense commitments.
MENTIONED IN THIS ARTICLE
United States
Rusk
Soviet Response to Cuba Crisis Signals Readiness
The Kremlin urged public composure as Tass reported factories called for discussion of the crisis. The statement said the Soviet armed forces were ordered to a state of readiness and rejected American inspection demands, noting no Khrushchev trip to New York or Security Council talks.
MENTIONED IN THIS ARTICLE
Cuba
Kremlin
Tass
Fpr
Soviet Union
Caribbean
Khrushchev
New York
Security Council
Kennedy
Guantanamo Dependents Evacuated to Norfolk
Hundreds of wives and children from Guantanamo Bay were flown to Norfolk late Monday by five Marine Corps turbojet transports carrying 321 evacuees. Civilians, sailors, and Red Cross workers assisted as dependents were housed at Little Creek and fed, with plans to relocate more than 2,000 people to other bases along the Atlantic seaboard.
MENTIONED IN THIS ARTICLE
Norfolk
Cuba
Marine Corps
Civil Service
Little Creek Amphibious Base
Red Cross
Naval
Guantanamo
Middle
South Atlantic Seaboard
Norfolk Naval Air Station
Kennedy
Mary Chapman
Washington, D.C
Navy
Dow Jones Averages Reported With Mixed Closing Finds
The ticker summary notes mixed close with Dow Jones averages across sectors. Industrials, rails, and utilities show varying levels while overall market activity reflects substantial trading sums.
US warns Cuba weapons move may trigger further action
Secretary of the Treasury Dillon told Latin American finance ministers that further action against Cuba is justified if offensive weapons are not halted. He said the United States desires UN supervised dismantling of Cuban weapons and noted ranges, jet bombers, and assembly of arms as the crisis deepens. He called the Soviet action a direct challenge to the hemisphere and urged unity behind Kennedy’s quarantine.
MENTIONED IN THIS ARTICLE
Mexico City
Treasury
Douglas Dilson
Cuba
United States
Security Council
United Nations
Dillon
Soviet Union
Mats
Kennedy
Anatoly Dobrynin
State Department
Moscow
U.S
Khrush
Defense
Khrushchev
Pentagon
Organization of American States
U.N. Security Council
OAS
Andrei Gromyko
White House
Gromyko
United States of America
World Community of Nations
Airlines Suspend Flights To Cuba
The Cuban government closed Havana airport to civilian traffic prompting suspension of flights by Pan American Airways and KLM. Pan American operated two daily flights and KLM two weekly, transporting about 1,600 Cuban refugees weekly.
MENTIONED IN THIS ARTICLE
Cuba
Miami, Fla
Pan American Airways
KLM
Havana
Pan American
Kennedy outlines Cuban crisis actions and U N moves
The report details a U S quarantine plan amid Khrushchev negotiations, with naval interception threats, the UN Security Council call for action, and OAS support. It notes ballistic missile capabilities in Cuba and Kennedy's charge of Soviet deception while urging peaceful resolution.
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Karakash River
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Allied Ch B&b
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Am Motors
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Tch
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Aveo Cp
Bak & O
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Pub. Ser. of
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Thermo Plastics
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Cee Nee Au
Robert Mitchum
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Harry Guardino
Robert McHum
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