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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 03, 1960
Page
10
The New York market paused its partial recovery as traders booked gains and prices drifted lower after an initial upswing. The Associated Press index stood at noon down modestly, with industrials leading the retreat while aircrafts held a firmer tone amid mixed bond activity.
Readers ask if they should continue monthly fund investments during declines. The advisor argues dollar cost averaging suits a long ten year plan and helps avoid buying highs or selling during lows. He notes growth funds may pay variable dividends and cautions on individual fund returns.
The Dow Jones industrials closed at 637.43 after a morning of 634.73 and 636.9 for the day. The rail averages stood near 183.27 with volume reported at 750,000 shares traded.
The Episcopal diocese of North Carolina opened a convention nominating seven prospective candidates for bishop coadjutor. Names include D. E. Hudgins announced the list, with several nominees from Texas Virginia and West Virginia, while Peyton Williams and Thomas Smyth were top contenders at last October’s meeting. The coadjutor will assist the bishop and is heir apparent to the see.
A veteran bank robbery at Kinson occurred about 9 25 am as a bandit in a stocking demanded cash in a brown bag. Manager Al Owens and three women were ordered to lie on the floor while the suspect fled in a stolen 1959 white Ford toward downtown. Loot left behind reportedly 10 000 to 15 000. FBI did not disclose recovered funds. This was North Carolina’s first bank robbery of the year.
Crutchfield announced Tuesday that a large foundation pledged 25000 to the college and broadcasting plays a key role. He noted combination rates for the companys Charlotte and Florence South Carolina stations and an advertising discount of 15 percent for WBTV in Florence.
Leonard Redden, once described as kind and gentle, killed Miss Robson and Minnie McFerren with a 12 gauge shotgun at a town school. He had grown despressed over alleged rumors about Miss Robson and planned suicide after the killings, being found asleep beside a pile of felled trees near his car seven miles southwest of town.
Billy Graham told about 30 000 Nigerians that the country must pursue a spiritual revival to match its political and economic progress as it enters independence. He spoke in Ibadan, welcomed by Premier Samuel Akintola, amid a city of one million with many seeking healing.
Federal lawmakers push ahead with a school aid plan as McNamara and Dirksen clash over funding. Flemming cites a 1957 shortage of 143,200 classrooms, with only a 10,800 reduction since then. Proposals include bonding support for districts, increased federal aid, and new loan or grant options for both public and private schools.
Eisenhower urged the Republican Party to recruit more members and tell its story clearly. He backed constitutional amendments for four year House terms and individual veto powers, plus three other amendments: eliminating the federal poll tax, granting DC residents presidential voting rights, and allowing governors to fill House vacancies after disasters.
A Jamestown Rotary Club meeting last night featured a vocational service program led by Graves Kerr. Short talks by several members were heard in the Jamestown School cafeteria with visitors Judge Byron Haworth and Dale Montgomery from High Point and guest Bruce Abercrombie of Saint Paul, Minnesota attending with Bill King.
A Nanking newspaper reports that four new bishops were consecrated by Archbishop Ignacius P'i Shu-shih of Mukden. The actions led to automatic excommunication from the Roman Catholic Church, which regards the state church in China as schismatic.
Dorothy Lebohner 18, daughter of Alfred University treasurer Edward Lebohner, was found in a Times Square movie house arm in arm with Warren Sutton 21 of Chester Pa after vanishing from a Florida trip. She denied marriage, saying the ring was a friendship ring. Sutton, a former Alfred basketball player, was questioned and released. he said he came to New York for work.
Lester Morgan of the High Point Exchange Club announced Dan P. Whit ley, local attorney, as general chairman for National Crime Prevention Week February 7 to 13. The theme Crime Prevention Begins in the Home urges resident participation to curb crime at its source.
A historical note states that the Order of Odd Fellows began in England during the 1700s, marking its early roots in fraternal society evolution.
A car fire near E Green and S Wrenn Streets was put out by firefighters after backfiring in the carburetor. Firemen answered two calls yesterday. A burst water pipe flooded an office at Harris Covington Hosiery Mill 300 Oak St at 1 50 p.m. A trash fire occurred at 8 47 p.m. 512 English St.
The Helping Hand Neighborhood Club postpones its Thursday meeting. Members should bring dues to Mrs. Dock Sullivan at 300 Hobson St.
A Russian variant of the Eskimo term for the Alaskan Peninsula links language to geography. The note highlights how local terms reflect regional features and travel routes in Arctic nomenclature.
Plans for a merger of Guaranty Bank & Trust Co. of Greenville and Wachovia Bank and Trust Co. received board approval and will go to stockholders for Feb. 24. Exchange offers Guaranty shareholders 2 2 3 shares of Wachovia per Guaranty share. Wachovia, founded 1879, is a large Southeast bank with 49 offices in North Carolina. Guaranty, established 1901, operates 4 Greenville offices and 11 other branches in northeastern North Carolina.
Power, Gen Curtis LeMay’s right hand at SAC for six years, led the Air Research and Development Command starting in 1954 as it developed Atlas and Titan missiles. The 1950s figure is famed for punctuality, immaculate dress, and demanding schedule adherence, from staff plane departures to engine starts.
Dr. R Bernard Finch, on trial for his life, will testify about the night Barbara Jean Finch was shot outside their West Covina home. Prosecutors note Carole Trego’s testimony as a key, though it was limited by a judge ruling.
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