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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 22, 1960
Page
6
New York stocks showed a mixed pattern as activity slowed for a second day. Du Pont fell over three points while most chemicals rose modestly. Radio Corp and Raytheon edged higher, and many industrials, rails, oils, and drugs posted small moves.
The Johnson camp hopes to lure Truman and Eleanor Roosevelt into backing him as the convention opens. They argue Truman will join if Symington falters, with Rayburn and Lawrence as opposing holdouts. Kennedy believes he can break through resistance and claim the nomination.
Money flows show lower rates for borrowers while government short term debt costs fall. Long term finance remains costly for state and local agencies, and investors weigh inflation risk as stocks rise and bonds gain. The political fight over easier credit versus stable prices intensifies toward the election. Thursday: Can business activity expand enough to solve unemployment.
The pact commits the United States to aid Japan in defense and to consult with Tokyo before altering U S armed forces or basing decisions in Asia. It preserves for life U S military basing rights in Japan but ends veto power over third nation bases. Japanese opposition and riots opposed continued U S bases, canceling Eisenhower's visit. Senate action followed Herter testimony urging ratification.
The page lists Dow Jones averages with 11 a.m. and noon closes for groups including 90 Industrials at 643.53 642.52 644.93, 90 Rails 141.74 142.02 141.62, 15 Utilities 92.2, 65 Stocks 210.75 210.66 2310.94, and trading volume figures of 720000 1350000 3860000.
A woman locked out of her apartment prompted firefighters to unlock the door at 512 2 English Street at 8 55 a.m. Later at 7 42 p.m. firefighters responded to a gas line break in a refrigerator at 1100 West Green Street and moved the appliance to the back porch.
Three accidents yesterday caused an estimated 2225 dollars in damages and led to the arrest of an out of town driver. Charles H Palmer 41 of Charlotte was charged with running a red light after a three car crash at Main and Kearns at 2 25 p m. The Staton car 21 of Woodbine Street spun out and hit a Lam beth car 29 of Arlington Street while waiting at the red light. Earlier there were two more crashes totaling 800 dollars at 902 Forest Hill Drive and a 12 40 p m collision at Grimes and Green involving a Carr truck and a Clark car. No injuries were reported.
Five persons were arrested on minor charges including simple assault and nonsupport. Richard C. Holden, 23, of Young Street, charged with assault on Kimrey Hill, released on $50 bond, with a July 8 Municipal Court date. Holden also served a capias for failing to appear December 11, 1959, for public drunkenness. W. M. Hurley, 59, of Steele, released on $100 bond awaiting a June 29 Municipal Court hearing after threatening Neil R. Murphy. Charles Daniel Myers, 31, of Edgewood, charged with nonsupport of a child and assault on a female. Two others cited for letting dogs run at large under the city policy. Harold E. Spencer, 25, Highland Avenue, and Bertha Mae Fair, 18, Leonard Street.
H P McMath of B F Goodrich Chemical Co Louisville spoke to the High Point Industrial Management Club as it honored students from four area high schools. The talk urged caring for others and self knowledge, noting goals and effort lead to success. Recognition pins were given to bright students Ann Walker Wilma Mosley James Boedicker Sue Moore Dorothy Jackson Kelly Carter Joyce Groome Myra Sharpe Mary Womack Nancy Culler. Key Man of the Year Clyde Nelson of Anvil Brand Inc received the award.
Eighteen divorces were granted at the municipal court term. Sixteen were for two years separation, one for adultery, and one for insanity. All petitions name the first party as petitioner and the second as defendant. Entities include Dorothy Kirby Horn, Jerry Don Horn, Louis E. McGee, Pauline McGee, and others among twenty individuals cited.
Manuel Stolik aged 23 took over as Cuba's charge d affaires in Canada after arriving from Havana. He succeeds Luis A Baralt Mederos who resigned last week to seek political asylum in Canada amid policy disputes with Fidel Castro's government.
A reader asks about selling stocks for five percent rails and future growth. An expert suggests sticking with current holdings A T T Fore most DuPont GM Sperry Rand Metropolitan Broadcasting and S C Edison and adding growth stocks rather than chasing five percent yields.
Eastern Airlines plans to fly all 21 daily departures through the High Point Greensboro Airport today after a 10 day pilot strike. Airline officials say service is about 60 percent of normal as pilots resume operations amid FAA regulatory tensions and union legal curbs.
Julius Green was presented with a 10 year quality award by the Thomasville Chapter of Life Underwriters Association. The accolade, issued by the North Carolina Association of Life Underwriters, honors outstanding sales and service in the life insurance field.
Ten young Salvation Army musicians from the local Corps will attend the annual music camp at Kings Mountain South Carolina June 22 to 29 Major Charles Sams announced. They will also hike swim and play sports and receive spiritual enrichment through daily devotionals and services. Organized by Salvation Army officers of the North and South Carolina Division the camp teaches music theory band conducting reading music voice and brass instrument performance. Attendees include Carolyn Sams Jerri Ann Jackson Patricia Holland Elizabeth Adams Vickie Boggs Jackie Grissom Tommy Jackson Roger Jordan Eddie Sams and Donald Holland.
Realty transfers list several property deeds including N L Boulding to Roy E Rhodes eight Blair Estate lots, Max Frank to Wray Stagg Jr on High Point College property, Roy J Roof to Claude Reitzel Jr on Wendover Hills, John T Cook to Ronald Whitaker on D R Raper property, Hessee to Averett on Wendover Hills, Doris Moffitt to Melba Smith on Forrest Avenue, Shirley Dobbins to George Munn Jr on Hillsdale Addition No 2, Stanley Shavitz to Nancy Finch on J F Hoffman property, Lelia K Robinson to A Gee on Sherwood ark.
The Rt. Rev. Msgr. Irving A. De Blanc calls a report on married Catholics using contraception alarmingly similar to non Catholics. He says the church will resist social pressure to change its stance and notes future talks on continence if overpopulation becomes serious. A psychiatrist urges open discussion of relationships over routine sex education. Msgr. De Blanc directs the National Catholic Welfare Conference Family Life Bureau.
Judge Ham ilton Hobgood to hear Wake Superior Court arguments on Heinz Rollman's bid to block the June 25 special election for the 12th Congressional District. Rollman and Rey Taylor face off for November election to succeed the late Rep. David M. Hall. Rollman seeks injunction to keep his name off the short term ballot.
Thomasville reports editor John Roberts of Charity and Children will lead a 7:30 p m prayer service at First Baptist Church in the absence of Rev F Stanley Hardee who is on vacation. Roberts arrived June 1 to head Baptist Children's Homes publication succeeding Marie Grant who took Biblical Recorder in February.
Harold P. Johnson and Thornwell G. Guthery were elected to top posts at the 13th annual Realtors Institute held at the University of North Carolina. Johnson, of Curtis Smith deal in High Point, was chosen body president. Guthery, partner in Paul B. Guthery and Son Realtors of Charlotte, was named vice president.
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