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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Mar 02, 1961
Page
9
New York stocks rise moderately at noon led by chemicals electronics and select issues. The Associated Press index climbs 0.50 to 239.60 with industrials up 1.20 rails up 0.30 and utilities flat. Dow up 3.12 to 666.15 as corporate bonds fall and U.S. government bonds hold steady.
Unofficial bid and asked quotations from the National Association of Securities Dealers and other sources. The ranges indicate approximate prices at the time of compilation and are not transactions. Origin of any quotation available on request.
The Dow Jones averages show a mixed mid day reading with the industrials around 663, rails near 145.5 and utilities around 108.4. Trading volume tallies near 989 thousand to 4.97 million in the session spanning a.m. to noon.
Debra Dudley died in Gary West Virginia on May 21 1960. Six days later Dudley wrapped her body in a blanket and left it in woods near Jenkins Kentucky. Investigators in Brunswick County consider first degree murder by starvation and neglect charges against the Dudleys as they await hearings. Christene and two daughters survive, while one son died in 1937. The couple face possible death penalty or 20 year minimum if convicted, with no link established to a prior Arizona child burial case at Prescott.
A Rabat communique signals cautious advance toward talks between Bourguiba and De Gaulle on Algeria. France curbs army police powers in parts of the territory and demands civilian authority approval for arrests. Abbas and other Algerian officials arrived after delays, signing the communique late at night.
The author warns against rushing to swap E bonds for H bonds. Tax deferral on E bond growth favors keeping Es for growth, while Hs provide taxable current income. Retirees needing income may swap Es directly for Hs, not cashing first, and consider the tax implications for heirs.
Raleigh AP House Judiciary One sets March 16 for a hearing on a bill to allow all Tar Heel dentists to vote for the State Board of Dental Examiners. NAACP plans to oppose, arguing the board should be open to all professionals. The NAACP suit targets the Dental Society as a government agency for membership rights. Committee chairs note 30 minutes for each side to present.
James A. Dart, former Dart National Bank head, faces up to 30 years in prison and a $30,000 fine after misapplication of 370000. He and co-defendant Paul P. Chien were indicted on six counts. The bank’s recovery and restitution to 5000 depositors are noted as the community and family rally behind Dart.
In Raleigh the State Highway Commission awarded contracts totaling 11.5 million for 19 road improvement projects. Chairman Merrill Evang, appointed by Gov. Terry Sanford, said he was honored to lead the seven member panel. Low bids were about 400 thousand under estimates, signaling strong contractor demand. The panel also approved signs directing motorists to historic attractions and shopping centers.
President Kennedy pursues a sweeping executive order to curb racial discrimination in federal employment and government contracts. Sources expect strict enforcement, compliance offices in each bureau, and nondiscrimination clauses extended to prime and subcontractors.
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