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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Mar 11, 1963
Page
2
New York AP reports cotton futures opened with no actual trades registered as the market began trading. The brief notes absence of executed transactions and sets a cautious tone for early session activity.
New York notes a slight stock market advance with moderate trading. The Associated Press average rose to 255.3 as industrials gained and rails slipped, while savings and loan holdings climbed on bullish articles in a financial weekly.
Across Damascus huge portraits of Nasser appeared as crowds cheered Union but feared Baathist security hunts. Tanks patrolled streets while anti aircraft guns lined squares. Clashes between Nasserites and Communists were halted by troops. a crowd attacked the Turkish Embassy where Khalid Fi Azem sought refuge. In Yemen, Abdullah Al Sallal urged Jordan and Saudi rulers to fall. Heavy wet snow fell.
The GAO warns Congress about underused foreign currencies and counterpart funds held by U S agencies. It cites Poland France and India cases, recommends using currencies when in surplus and delaying new purchases, and notes low interest deposits costing the U S money.
The column discusses market timing for stock moves and the tax rules affecting savings and loan associations. It notes the potential 20 to 25 percent tax change on exemptions, the impact on net per share, and suggests current prices may be favorable if S and Ls continue growth. Readers may mail investment questions to Sam Shulsky at The High Point Enterprise.
A mistaken May Day distress call from Sneads Ferry triggered a large air and sea search for a supposed missing family. Lt. Col. William R. Eichelberger and his family were weekend shells collectors on an island, unaware of the rescue operation until it reached Seymour Johnson AFB.
The nation holds the third largest supply of gold and foreign reserves in the world and can assist the United States in limiting its gold outflow overseas.
North Carolina has issued over 233000 refund checks totaling more than 3.9 million dollars with an average of 17.49 per check. Revenue Commissioner W A Johnson said the department now processes returns and issues checks within two weeks of receipt, thoughApril peak may slow the timeline.
The House committee questions over reliance on missiles for defense while supporting two more nuclear attack submarines. Eight subs annually are approved as minimum to maintain lead over the Soviet Union. The draft bill would extend the draft to July 1, 1967 enabling about 360,000 inductions. the Army expects 90,000 draftees yearly for four years.
Adenauer warned that Paris would press Bonn to extradite Bidault for trial, risking the new French German cooperation treaty. Bavarian officials hinted a possible warrant for conspiratorial activity. Bidault has been in Steinbach after Hopfen, linked to the Argaud kidnapping and De Gaulle assassination attempt fallout.
Two cars collided head on in Lexington leaving three dead and several seriously injured. The weekend saw thirteen deaths across North Carolina from highway wrecks and a separate hanging incident of James Ronald Frank near Lexington.
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