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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 07, 1966
Page
2
In New York, steels autos airlines and electronics led a broad stock advance before noon. Trading was fairly active as rising steel orders and expectations of a strong first quarter supported gains. The market also tracked a faltering inflation threat cited by the National Association of Purchasing Agents.
Gov. Moore objects to inviting Aptheker to UNC Chapel Hill, arguing the pledge on controversial speakers served only to provoke controversy. Trustees may decide on invitations. Friday and Sharp plan to attend. The UNC Forum noted prior invite of Robert Welch, founder of John Birch Society, sparked further dispute.
Luna 9, the Soviet moon probe, nears power loss after two hours of data and pictures. Tass announced transmissions would end, noting remaining energy above rated level. Jodrell Bank observers reported weaker signals but marked Luna 9 as the first undamaged earth object to land on the Moon.
A fragment notes endorsement of Aptheker appearance with reference to Daily Tar Heel and student participation. The readable text suggests campus coverage and student interest without full context or details.
Washington AP The Federal Housing Administration increased the home loan rate by a quarter of a point bringing borrowing costs to 6 percent from 5.75 percent plus an additional mortgage insurance charge of 0.25 percent. The FHA cited general rate rises after the Federal Reserve moved the discount rate to 4.5 percent in December and noted the increase was deemed inevitable.
New York AP report notes cotton futures opened without any trades registered. Market activity delayed as traders await clearer signals and data.
Tax tips emphasize preserving medical expense records year round to qualify for deductions. For an $8500 income taxpayer, medical expenses beyond 3 percent are deductible, with drugs beyond 1 percent. Include hospital costs, doctor and dentist fees, glasses, transportation, and more, and keep receipts in a labeled medical expense envelope for year-end review.
AP analysis notes President Johnson, a year after ordering the first air strike on North Vietnam, believes limited bombings are key to pressuring Communist forces while facing opposition from foreign governments and critics in Congress who favor continuing peace efforts. He may suspend bombing later, but must balance conflicting pressures.
Walter Jones won the East District special election 21 746 to 14 308 over Bas k in Raleigh. East said he will run in November and Jones will be sworn in Thursday at noon in Washington to succeed the late Herbert Bonner. The 15 county district along the seaboard has been Democratic since Reconstruction.
Jones blamed a light turnout for his 34 year opponent's showing, noting an anticipated 38,000 to 40,000 votes but similar results to past Republican highs. Democratic Chair Broughton said the right vote favored Republicans, while East ran the strongest GOP campaign in years. Lupton and Jones planned trips to Washington.
Miami AP report states fingerprint expert Spurlock linked a palmprint on the kitchen counter to Melvin Lane Powers, nephew of Jacques Moesler, while 26 prints remained unidentified. Testimony says 14 prints matched Powers from a 1960 Chevrolet used as a getaway car found at Miami International Airport. Defense notes Powers may have been in the car before the slaying. Evidence includes Powers’ aunt Candace Mossler and the mansion’s staff, with motive claimed by prosecutors as circumstantial.
Autopsy notes indicate further tests are needed to determine if algae affected lungs or other organs. Bruises observed on the rehiid, but no signs of mutilation found on visual inspection. Juvenile officers had conducted a meticulous search of the pool and otter pots in the neighborhood.
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