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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 20, 1951
Page
5
The New York stock market shows resilience amid jitters over Russia and domestic politics. Analysts note a six point gap from a 20 year high, with earnings and tax concerns shaping the first quarter reports as market fears cloud policy debates.
North Carolina beauty contestants will parade in Southern Pines on June 8 to choose the state representative for the national VFW contest in New York. The Southern Pines VFW post asks each state post to enter one or more contestants. The national final is set for August 27.
A survey reports 1177 distinct tree forms in the United States, including 862 species, 228 varieties, and 87 hybrids. The data highlight biodiversity and plant breeding diversity across regions and institutions.
About 900 pharmacists will attend the North Carolina Pharmaceutical Association convention in Pinehurst starting with delegate registration and a meeting of the executive committee. The opening general session is led by President W. R. McDonald Jr. Speakers include Dr. George D. Beal of Pittsburgh, Dr. H. F. Fraser of Lexington, E. Z. Jones, and John G. Clark of the Eastern North Carolina OPS office.
The New England steel mill proposal, backed with government funding, aims to add 2,800 jobs and up to 10,000 voters, potentially shifting Connecticut toward the Democrats. Finance plans include heavy depreciation and a $120 million borrowing scheme, but private firms show little interest and land condemnation issues arise. The government also orders 25 to 30 percent of copper and brass supplies diverted to defense, reducing metal flows to autos and TVs beginning July 1.
Congress faces a clash over contempt citations as federal judges dismiss indictments for witnesses who refuse to testify citing self incrimination. The Kefauver Committee and Justice Department push immunity proposals to force testimony, with immunity for grand jury and congressional hearings debated by lawmakers and judges alike.
The United States accounts for 44 percent of global lumber, 58 percent of plywood, and 43 percent of wood pulp while owning eight percent of the world’s commercial forest area. This disparity highlights high domestic production efficiency and demand.
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