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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 05, 1958
Page
9
In New York the stock market opened unevenly lower with gains and losses running from fractions to about a point. Industrials fell while aircrafts and rails showed mixed results and the Associated Press average stood down about 30 cents at noon. Major names like American Can Allied Chemical American Tobacco were listed among tickers.
FBI announces arrest of William Omand Bower 63 in Wilmington North Carolina for interstate stolen property fraud. 16-year-old Peter Beck alerted after seeing his photo. Bower used fake business persona to cash fraudulent checks across eight states. He carried two pistols but offered no resistance.
A section explains how private brand gas undercuts national brands driving price wars. Retailers slash wholesale costs to compete and avoid bankruptcy as major suppliers offer large discounts. Separately in Belleville Ontario officials report sand piles used for icy streets attract transient hitchhikers, with piles heated to prevent freezing.
Burton surrendered at a Paducah police station amid a nationwide manhunt. He faces federal kidnapping and interstate car theft charges with bonds of 30000 and 5000. He walked 25 miles through snow after fleeing Shelton farm, hid in a railroad roundhouse, and voiced fatalisms about two killings including Jewell English.
John Lautner, Hungarian born, is set to resume testimony as an FBI informant in the retrial of former Communist leader Junius Irving Scales on Smith Act charges in Greensboro. Lautner said he was a Communist member 1929 to 1950 and later cooperated with the FBI.
The Vanguard rocket failed during flight, with officials stating the launch was technically successful but the vehicle did not maintain its programmed path. Analysts await full data as weather played no clear role and plans for a second Vanguard attempt proceed, while Jupiter C attempts under Army guidance show evolving U S efforts.
Winter storms keep mountain districts in deep snow with Mt. Mitchell at 25 inches. Temperatures plunged to near 11 degrees with fresh snowfall in Swain and Cherokee counties. Other regions forecast around 50 degrees with scattered rain as mountain schools in Swain Watauga Madison and Avery counties reopen.
The Vanguard rocket failed minutes after liftoff as the first stage burned out at 2 minutes 22 seconds. The craft tipped, exploded into two fiery torches, and the debris fell toward the sea while witnesses watched in disbelief. Official analysis followed.
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