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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 16, 1961
Page
2
NY stock scene shows gains in gold shares after government gold holding ban. AP index up .20 at noon to 228.10 with mixed moves across sectors. Dow off .12 to 633.53 as bond and government issues waver and bullion price in London falls sharply.
Parishioners of Christ The King Roman Catholic Church are urged to tithe 10 percent of income to help pay the debt on the two year old church. The Rev. J Leo Lyons pastor says the appeal supports about 135 families and 100 to 150 URI students.
Former child star Jackie Coogan and Nona Carver face narcotics violations after Jan 7 arrest in Malibu. Deputies found marijuana enough for 200 cigarettes. Coogan denies knowledge of the drugs.
Lockheed announces a massive private telephone system with 100000 miles of leased lines and 21727 phones. The system, aimed at saving about 250000 dollars yearly, connects missile, aircraft, electronics, shipbuilding and space units from Puget Sound to Cape Canaveral.
Washington AP shows the fiscal 1962 budget breakdown. National Security 57 cents, Interest on debt 11, Veterans 6, Agriculture 6, Paying off debt 2, All other 18. Budget receipts come from individual income tax 55, corporation taxes 25, excise 12, other receipts 8.
The Dow Jones averages show the industrials around 633.65 at close with 12 noon and morning readings near 635.25 and 633.53. Rails land at 139.63 with utilities at 102.62 and overall volume reported in the millions.
Peiping backs Cambodia’s plan for a 14 nation Laos peace conference. Chen Yi asks Britain and the USSR to call the session soon. Six Laotian ambassadors meet the king to brief on mediation options while government signals openness to international mediation. Pravda cites Soviet support and claims new U S aircraft are being sent to Thailand for the pro Western regime.
Tobin says the business will be there in 1961 for those who work for it. Meetings for retail and salesmen groups are planned. The Furniture Design Assn. will elect 1961 officers at noon at the exposition building. The Southern Retail Furniture Assn. dinner at 7 at the Sheraton features William Garrett of AT&T. SRFA dinner and awards at Em erywood Country Club. Virginia-Carolinas Wholesale Furniture Salesmen's Assn. dinner at 7 at the Sheraton.
The article outlines a projected 1961 surplus near 79 million slipping toward a 1962 deficit risk. It cites the Kennedy camp expecting inevitability of a deficit with or without federal moves and notes Eisenhower's final budget relies on necessity, plus an extra 1.9 billion dollars planned for fiscal 1962.
The plan increases Defense Department outlays by 1.4 billion to 42.9 billion, funds five Polaris submarines and missile programs, and expands airlift and warning systems. Space and military research rise while foreign aid and health and education spendings grow. debt interest costs drop, with a plan to raise the gas tax to fund highways.
President-elect John F. Kennedy takes a lunch with Billy Graham in Palm Beach as he reviews appointee options. He plans to depart for Washington and New York for inauguration prep and continues filling key posts, naming John M. Leddy assistant secretary of the Treasury for international affairs. Other announced picks include Elvis Stahr as Army secretary, Luther Terry as surgeon general, James Quigley as assistant secretary for health and welfare, Wilbur Cohen as assistant secretary for legislative matters, Alanson Willcox as general counsel, and Robert Burkhardt as assistant postmaster general.
In Wheaton Illinois a Conservative Baptist official said Berean missionaries led by Dr. R H Bothwell prepared departures for Kivu with a small remaining family party. Congo troops resisted refugee passes while Katanga clashes left Swedes wounded and Moroccans aided by UN forces. Bomboko urged Dayal removal, denouncing the operation as biased.
U S District Judge W A Bootle ordered two readmitted to a University of Georgia campus amid threats to their safety. State police and eighty troopers reinforced as FBI and GBI monitored for federal law violations. Local authorities pledged prompt prosecution for any lawbreaking.
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