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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 27, 1962
Page
2
Unofficial bid and asked prices from NASD and others guide potential trading ranges at noon. The Dow Jones industrial average rose 2.84 to 709.06 while the American Stock Exchange showed irregular trading and government bonds dipped slightly.
A celebratory day marks John H. Glenn Jr.’s orbit of the earth with trumpets and tears of pride as Arlington neighbors sing. The Glenn family returns home to talk of the past and future, with Monday’s capital celebration seen as a preview of things to come.
Kennedy proposes a $1 billion plan with federal aid for state and local programs, including vaccines for 25 million children under five and matching grants to cover local admin costs. The package would authorize vaccinations for future diseases and seeks a 10-year federal grant program for 40 new medical and dental colleges and four-year scholarships for needy students.
New York AP reports cotton futures opened twenty cents per bale lower than the prior close as trading begins. The decline reflects early market weakness and cautious investor activity amid steady supply signals.
Shepard notes 150 to 175 preflight mutual decisions between pilot and ground crew. He cites a retrorocket pack retention during Glenn's fiery reentry as a contingency not fully considered, attributing gaps to human frailties and ground crew effort.
A shower honoring Miss Paschal Simms occurred at the Gregory home. Bridesmaids hosted and she received a carnation corsage and place setting. Miss Simms, William Penn High School graduate and Lula May Simms’s daughter, will wed William Robert Love this Saturday at Mrs. T. W. Hughes’s Fourth Street home. The Helping Hand Neighborhood Club meets Thursday at 7 30 p.m. at Mrs. Ora Richardson’s home.
Two separate collisions occurred in High Point yesterday. Phillip Ray Lawrence was charged with improper passing after his car sideswiped a truck on W Grimes and Hulda streets, causing about 125 in damages to the car and 75 to the truck. Earlier, Gurley backed into Hussey on English Street, causing 150 in damage to Hussey’s vehicle. No injuries were reported.
The Dow Jones averages show slight gains for certain sectors at noon with industrials near 706 and utilities around 128. The rail group and stocks list indicate activity but total volume rises from morning to afternoon, signaling cautious trading by investors as prices fluctuate.
The body of Allen Swink, 46, of High Point, is not recovered as of today after drowning Sunday while fishing in Lake Moultrie, South Carolina. Dragging operations continue amid fog and 80 foot depths hindering divers.
For 1951 to 1960 the seacoast region shows premiums of 6.82 million and losses of 21.23 million, a deficit of 14.41 million. Statewide figures total premiums 62.80 million and losses 66.89 million, a deficit of 4.08 million.
Ball warns that stable policy requires a single U S voice and plans to counter foreign propaganda from Iron Curtain blocs. He notes speeches target domestic audiences but allies neutrals and bloc nations watch official statements closely for clues to U S aims.
A professor recalls a Navy veteran who learned trig by reading problems to derive exact meaning. The student moved from memorization to understanding, solving issues, and securing a good job with an aircraft firm. Parents are urged to ask children to read and translate meaning, fostering clear thinking. Tomorrow: encourage curiosity and creativity.
Sealed city basement offices flood after a stopped sewer line. Water rose from a floor drain into the county elections board office causing light cabinet rust. Plumbers work to locate the water source and fix the issue.
Look magazine excerpt from The Cardinal Spellman Story quotes President Roosevelt in a 1943 White House meeting conceding Russia would predominate Europe after World War II. Roosevelt reportedly planned a division of Asia and Africa among Allies.
A Houston Texas firm Loesch Laboratory Consultants offers a 32 day no risk trial claiming to stop hair loss and grow hair. Respondents submit scalp condition details and personal information to Box 66001 Houston 6 Texas for analysis and treatment consideration.
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