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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 29, 1950
Page
2
The Federal Reserve imposes a compulsory credit freeze for most member banks, risking reduced lending and potential mass exits from the system. Officials warned of banks dumping government securities to raise cash while authorities plan possible price controls and broader emergency steps tied to national defense needs.
Fragmented OCR text mentions California related names and scattered phrases about birds and cars. The readable parts hint at a feature or misread article with incomplete quotes and references to individuals and places. No clear event or outcome emerges to form a precise news item.
A freezing thaw spreads across western Virginia Maryland North Carolina and into Pennsylvania and New York. Baltimore faces mass traffic jams as hills and nearby caverns freeze over. Dozens of accidents occur while police receive many calls from motorists abandoning cars on icy streets amid light snow in upper Michigan Wisconsin and the northern plains.
Auto industry cutbacks reduce U S production to about 13 000 in Ford plants nationwide. Studebaker gains defense contracts totaling around 1 billion dollars with work shifting to new facilities to limit output interruption. Analysts warn further cuts depend on foreign events in 1951 while 1950 output hit a record just over 8 million vehicles.
A long reflection on postwar Japan discusses American military use of Japanese bases in Korea, Japan's improvements in health and industry, and the evolving alliance. It notes Japan’s reliance on the U N and U S as a bulwark against communism while considering future needs after occupation ends.
The U S Naval Observatory aided a new electronic calculator that forecasts planetary motions for six centuries. It omits Mars Earth Venus and Mercury due to mass concentration, notes Pluto weighs about Earth, and claims gravity from the five largest bodies drives most planetary movement.
The report says Reds press in the east while inflicting about 320 enemy casualties and capturing 110 troops. US forces bombed North Korean towns and disrupted supplies near Manchuria. Task Force 77 planes fought for the first time since Hungnam evacuation, destroying buildings and enemy positions along the 38th parallel.
Obituary notices describe funeral and burial arrangements for Kenney C. Jarrett and several others. Details include church names Mount Pleasant Methodist, Bow Church, and Rich Fork Baptist, officiants Rev Ralph Jacks Rev Bill Barker Rev J A Gilbert Myers and burial in church or family plots. Families named include Virgil Morris Paul Bryant Laster Brown Carl Black Bill Spainhour John McDowell George Jordan Clinard Ned Welborn Harley Cibo Mrs David Clinard and Mrs Otis H Lewis.
Article notes the Oct 26 exchange of notes from John Foster Dulles as U.S. representative to the United Nations and Soviet officials. It discusses U.S. positions on Formosa, postwar Japan security, and the possibility of separate peace talks, highlighting hard differences with Russia. The United States rejects any single nation's veto power over a Japan peace and signals limits on Japanese demilitarization and arms restrictions.
The hospital ship Repose aided by Inchon and Chinmampo in Korea, treated battle wounds as it ferried 1,300 people aboard. Capt. C Perdue led the 15000 ton vessel with 30 Navy nurses and crews operating around the clock during a two and a half day rescue effort in late November. The ship’s wards overflowed yet the unit maintained high cleanliness as it moved wounded to safety and recovery in Japan.
A brief fragment notes travel from Yow's to a residence at Glenola this afternoon indicating a planned visit or arrival.
Funeral services for Miss Etta Johnson are set at Round Hill Baptist church Rutherford county Saturday at 2 PM. A shot service will precede at 9 30 AM at the home on H Vail street before departing for the church. Rev Beasley of the Congregational Christian church will lead the service here. Body moved from Yows to the residence.
A double funeral was held today for Clarence Guy Evans and his wife of 44 years. The 73 year old pair, born 48 hours apart in 1877 in Indiana, died within days of each other with Mrs. Evans succumbing to coronary thrombosis on Christmas night and Mr Evans following 41 hours later at General Hospital of arterial sclerosis.
Chicago officials plan a renewed crackdown on mid block jaywalking today with fines up to 200 dollars under a new traffic code. The measure targets pedestrians crossing streets against traffic and mid street.
Kaiser Aluminum Corp began a $70 million expansion project likely to be built along the Gulf Coast, with Houston and Corpus Christi areas cited as potential sites. The move signals a major increase in aluminum production capacity by another large U.S. firm.
Wade J. McCraw of Mount N. C. surrendered to police in Cleveland on Christmas Day. He was serving a two to three year sentence for auto theft linked to damaging a wire fence at a woods location.
San Francisco port sees the first Japanese tanker call since before World War II. The 18,000 ton San Pedro Maru, the largest vessel in the Japanese merchant marine, lies at the dock loading oil amid a reception by local shipping groups.
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