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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 15, 1961
Page
10
Steels motors and aircraft missiles rise while the AP index gains 0.50 to 234.00 at noon. The Dow up 3.62 to 646.53 as volume nears 2 million in two hours. Bonds mixed. Neon stock quotes show General Electric, Dow, and several major names advancing amid a mixed session.
Eyewitnesses described a Sabena jet circling Brussels Airport before crashing into Lemmeke wood. A Boeing 707 suffered a catastrophic failure with bodies scattered, debris littering the scene, and contact with the control tower lost before the explosion. Officials noted flight recorders were recovered and cause may take months to determine.
Western alarm rose as Lumumba’s allies gained Soviet support. Gizenga’s Congo regime drew recognition from Egypt and backing from China and Ghana while U.N. efforts faced possible collapse and Western powers prepared to defend Leopoldville against a Congo-wide clash.
Raleigh AP reports the joint finance committee examines how federal school funding and a possible state tax rise interact. Sen. Hancock asks about tax increases for public schools and federal aid, while Gov. Sanford plans education expenditure increases and reform ideas.
The Soviet Union pressed for a Moscow styled UN reform and blamed Hammarskjold for Lumumba's death, while demanding disarmament and withdrawal of Belgian and Katanga forces. The United States backed Hammarskjold as Britain Italy accused Moscow of exploiting the Congo crisis, and Stevenson's UN briefing warned of a grave situation.
Luda Weddington appeared before city officials to complain the street in front of her house was dirty. They offered a broom and cited a limited street budget as the reason.
A reader questions tax effects of E bonds vs buying stocks, noting after tax income and inflation risks. The response argues capital growth matters, compares tax treatment on broker commissions, and frames stock investing as higher risk with potential for capital gains beyond safe but taxed E bonds.
The Dow Jones averages show mixed results with the Industrials near 646.30 to 642.91, the Rail index around 140.76 to 140.45, Utilities at about 107.25, and the Stocks index near 238.25. Trading volume ranges from 1,020,000 to 4,490,000 across the listed periods.
Blonde 18 year old Alice Harris, daughter of Phil Harris and Alice Faye, marries 25 year old S Ted Alcus III, son of a New Orleans stock broker, at Christ Episcopal Church. They honeymoon in Las Vegas and plan to reside in New Orleans after a Caribbean cruise.
Mr Shulsky welcomes reader mail and notes questions are used when possible. Readers are advised not to send valuable documents. To receive a list of suggested investments enclose a stamped self addressed envelope.
Raleigh AP report notes a Senate Banking Committee move to halt licensing of small loan firms for 90 days amid alleged racketeering in the industry. Sen. Elton Aydlett led the committee while Sen. Jennings G. King opposed, citing potential main legislation with a grandfather clause for existing licensees. The Banking Department has 80 new applications pending since January.
All three major networks will air president Kennedy's news conference live tonight. CBS dropped a late rebroadcast and will provide live coverage due to Congo tensions after Lumumba's death and Kennedy's upcoming economic statement. NBC ABC radio will also carry the event with a later radio rebroadcast on CBS Radio.
A man jailed in Tampa gave the name Patrick O'Cernedoneg haugh and was charged with forging the name Patrick O Day on a check. An officer quipped the suspect may have trouble fitting his full name on the document.
Prayer honoring the week of Christ death asks for divine guidance to renew love, patience under affliction, strengthened resolve, and faith to see light beyond mortal years. Written by Raymond E Balcomb of Corvallis Oregon pastor at First Methodist Church.
Durham Senator Claude Currie proposes a bill for realigning State Senate districts with two senators each for Mecklenburg Guilford and Forsyth counties. He notes Mecklenburg might deserve three under population but fears passage issues. The Election Laws committee approved Currie’s measure to study redistricting and hold public hearings.
A $15 million privately financed project will create Green Oaks Apartments on an 80 acre site in northeast Charlotte near the Auditorium Coliseum. The plan includes 1,210 units, 25 acres of recreation, and first phase construction starting June 15 with 300 units.
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