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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Sep 26, 1961
Page
2
New York AP stock market activity shows a strong midday upturn with the AP 60 up 0.90 to 249.20. Industrials rise about 1.50, rails 0.30, utilities 0.30 as growth stocks regain ground. Aluminum and steel lag due to price actions and policy hostility.
Reader asks if a broker can cancel a sell order on a counter stock and if bids can be canceled before execution. Answer says you can cancel both sell orders and bids if not yet executed, since the stock remains yours until actually sold or bought. Also discusses retirement income and asset mix with a nod to market moves of Du Pont Union Carbide and Allied Chemical.
Dow Jones at noon rose 3.56 to 695.42 as trading in American Stock Exchange stayed mostly higher. The page offers guidance on hedging against inflation and choosing securities, plus a tax note on capital gains from property and a reader inquiry about reinvestment and home purchase rules.
Western leaders praised Kennedy's disarmament push and nuclear test ban aims. Canada’s Lester B. Pearson called it a peace offensive, while Denmark’s liberal Politiken warned that broad disarmament could be naïve or overambitious. India and Sweden noted the appeal to nonaligned nations and Western concerns.
Former French premier Pierre Mendes France declared that one man rule by President Charles de Gaulle has failed and urged preparing a transitional government for a new regime. He warned that no individual, regardless of stature, can alone command the state or enforce the law.
Sen. Hubert Humphrey credits President Kennedy's United Nations address with regaining U S prestige after Cuba and Laos issues. Lawmakers from both parties praise the speech as remarkable statesmanlike and timely, with Eisenhower noting its restraint against arms racing.
In Augsburg Germany AP reporter Siegfried Naujocks of Overseas Weekly was found guilty of slandering Maj. Gen. Edwin A Walker. He faces 1200 marks fine or 30 days jail after claiming Walker had a brain tumor based on a medical report not produced in court. US Army doctors testified no tumor existed.
Former from page 1 A profile notes engineer from Minerva Ohio born July 18 1890 who moved to Mineral City as a child. He studied at Carnegie Tech and helped design an automobile starter motor for Westinghouse in 1912. During World War I he led radio generator design for the Army and Navy. Survivors include widow Jessie Ann Curtis and six children. He was an Episcopalian and a member of SAE Detroit Club Bloomfield Country Club and Bloomfield Open Hunt Club.
London AP reports 12 year old Prince Charles, son of Queen Elizabeth II and Prince Philip, returned to Cheam School with a needed trim. Royal barber George Crisp says the hair is now a neat, light trim though it was previously long.
The North Carolina Motor Carriers Association presented $5,000 to the University of North Carolina for transportation research at its 32nd annual convention in Pinehurst. Prof. J C D Blaine accepted the check as J T Outlaw noted the gift is the third of five planned awards. Ed Scheidt honored four truck lines with engraved plaques for statewide driver awards.
Secretary of Agriculture Orville Freeman promoted forests as a magnet for business and recreation in North Carolina. He outlined plans to expand facilities on trout streams and hunting lands, add picnic and camping units, and build a Pisgah museum and visitor center. The observance marked Weeks Forestry Law anniversary with NC officials and a Biltmore Estate luncheon.
Paris reports the Elysee Palace said President Charles de Gaulle will deliver a radio TV speech to the nation on October 2. The announcement came Monday night from the presidency in Paris.
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