05 Jul 1951
Page 1
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 05, 1951
Page
1
United Nations forces pressed bombardment while rain halted major ground combat as cease-fire talks loomed. Patrols found Kaesong deserted and fronts stabilized while raids hit red positions near Pyongyang and Chongjin. B 29s bombed Hungnam railway yards as Navy and ground actions paused.
Tehran reports British technicians must leave Iran's newly nationalized oilfields unless they pledge obedience to the National Oil Company. The Abadan refinery may close within 25 days as Premier Mossadegh's government insists on full national control despite Anglo-Iranian's withdrawal of tankers and threat to shut the refinery.
New York stocks rose for the third straight session lifting industrials to their best levels since June 21 and rails to their highest since June 27. Trading volume was light at about 510000 shares, while steel, aircraft, rail, and auto issues showed the strongest gains led by Chrysler and Clayton with notable rises in Bethlehem Republic Inland and Canadian Pacific.
Economic Stabilizer Eric A. Johnston warned that a price rollback ban under the new concrete law would add about a dollar a day to every household budget and trigger inflation. He urged Congress to extend strong controls as President Truman pressed for tougher inflation measures.
President Truman defended his controls bill and rejected beef industry rollback concessions during a news conference in which he urged a workable measure. He dismissed proposals for a state by state plan and noted cattlemen had not gained his favor with recent actions. He also discussed Navy and judicial vacancies and welcomed future talks with Allied leaders.
President Truman urged Americans to keep defense up and press Congress for stronger economic controls even if peace looks possible in Korea. He spoke at Independence Day ceremonies before about 200000 at the Washington Monument, stressing UN gains but warning the Soviet threat remains.
Washington agencies report NAM outlines tax plan to raise $10.7 billion by shifting to a broad manufacturer level sales tax, a PAYGO spending limit, modest income tax rises, and a service levy on admissions and bills while preserving liquor and tobacco excises.
Associated Press reporter William N. Oatis and three Czech bureau staff were sentenced to long prison terms by a Prague court for espionage. Oatis received 10 years with possible commutation after good behavior. Czech translators drew 20, 18, and 16 years. All lost property and civil rights for a decade.
The article notes global Independence Day observances marking 175 years since the Declaration. It cites events from Riceteen to Ridgway, mentions Truman’s warning of international danger, and reports U S parades, speeches, and fireworks with 180 holiday deaths by late Wednesday.
July 4th holiday traffic deaths nationwide ran below National Safety Council projections with 91 traffic fatalities in 30 hours and 178 total accidental deaths including 48 drownings and 36 from other causes. Severe injuries occurred from fireworks displays while weather reduced travel. In North Carolina notable fatalities included a mother and newborn killed near New Bern and a man killed near Hickory, as patriotic celebrations and closures marked the day.
Gen. Matthew Ridgway selected a five member team to conduct ceasefire talks with the Communists at Kaesong on Sunday. The Reds reportedly will avoid political demands to hasten an armistice and permit a formal conference later.
A subcommittee blasted U S defense programs as inexcusable for stockpiling tungsten described as vital for high velocity projectiles and jet engines. It warned the United States and the free world face tungsten shortages amid bureaucratic blindness and warfare affecting civilian and military needs.
RALEIGH UP An allotment of 7 100 000 in surplus highway funds will be spent for major improvements on the states ages Jordan Georgia and Virginia Jordan said work on the projects will not begin before next year Some projects he said may be held up pending settlement of right of way agreements 29 And 70 The proposed projects include improvements on U 29 64 and 70 a new entrance from Tennessee to the Waynesville area along the Pigeon River and a two lane addition between Durham and Raleigh Jordan said U 29 most travelled highway in the state will carry four lanes of traffic from Kings Mountain to Greensboro when present plans are completed The new allocation will build four way projects Some gals dont wear enough In the present allocation 12 of clothes to hide our embarrassment the 18 projects lie in Western North
The forecast shows a low of 63 tonight and a high of 43 tomorrow. Last night dipped to 67 with today reaching 85.
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