07 Mar 1962
Page 1
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Mar 07, 1962
Page
1
The SEC told Congress that high public interest in markets attracted unscrupulous operators. It cited 92 injunctions, 126 criminal convictions, and 55 brokerage firm registrations revoked in fiscal year 1961. Nearly two billion shares valued at $57 billion changed hands as new investors entered markets.
Francis Gary Powers told the Senate Armed Services Committee that he is back to work for the CIA, a shift from his Moscow prison narrative. He described his trial experience, his continued secrecy, and his sorrow that the mission failed, while remaining an enigmatic figure with ties to intelligence work.
In Evian France negotiators led by Louis Joxe with Belkacem Krim press a ceasefire and referendum path to Algerian independence amid ongoing violence. The talks, possibly forming a 100 page joint accord, confront European settler terror and questions on the French army role in preventing uprisings.
Testimony to the Senate Armed Services Committee details Gary Powers and his fragile descent after the U2 was hit. He describes the orange sky, the loss of control, violent spins, and the danger of attempting to escape the doomed aircraft with an impending explosion and limited ejection clearance.
Four-year-old Susie Stuck in Battle Creek faces multiple leg amputations at Chicago Shrine Hospital to enable walking with artificial limbs. Her parents Clyde and his wife visited from suburban Battle Creek Township. Susie remains cheerful and wants to do things herself. A Shrine Club member has promised her first dance when she is a teenager.
A severe winter cyclone battered the East with up to three feet of snow, high winds, and severe flooding. At least 20 people are dead and eight are missing as tides and waves threaten coastal towns from Virginia to New England. Transportation disruptions hit New York City area ferries and trains, with evacuations of storm battered coastal communities and unsafe structures in Queens and Brooklyn.
Ashes in the form of a cross were imposed on foreheads as Lent began, signaling a 40 day period of penitence. Catholics and some Protestants observe fasting, personal reform, and reduced entertainment while others resume ashes as an ancient custom tied to Judaism and medieval Christianity.
A Nor’easter hit Hatteras and the Outer Banks with winds up to 50 mph and tides 3 to 5 feet above normal. Beach cottages washed out near Nags Head and part of U S 158 By-Pass failed. Communications and telephone service disrupted across northeastern North Carolina.
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