The Charlotte Observer from Charlotte, North Carolina • 7

1 I I 1141 CHARLOTTE OBSERVER Tuesday Jam 17 1961 North And South Carolina Deaths And Ftmerals '60 Market Drop About Half Erased Vihy life insurance deserves to be the foundation stone in your financial planning South Carolina CHERAW Mrs Margarete Reynolds Kerr 83s died Sunday in Orangeburg Funeral today 3:30 pm at Stubbs Funeral Home Burial Wednesday in Tipp City Ohio Lee Baldwin 5 month old daughter of Mr home Funeral Wednesday 4 at 'rriplette Methodist Church Survivors: husband daughters Miss Catherine Brown of the home: Mrs 011ie Stewart Mrs Elsie Owens both of Mooresville Donald Aberdeen Md: sisters Mrs 011ie Childers Mrs Roxie Childers Miss Beulah Poston all of Mt Ulla MONROE Julius Ze bulon Nash 72 dled Monday Funeral Wednesday 2 pm at Sandy Ridge Baptist Church Survivors: wife sons James of Waxhaw Ray 1 both of Monroe Worth of Hamlet: daughter Mrs Clyde Griffin of Monroe: sisters Mrs Pearl McCray of Pageland Mrs Fronie Montgom ery of Monroe Mrs a nni Terry of Mt Airy 1 Permanent life insurance is the only possible way for the average salaried man to establish a substantial estate immediately with the first down payment! 2 A life insurance policy is a contract with built-in guarantees that are not endangered by economic cycles or by market fluctuations 3 Human nature being what it is a man's life insurance program is a conipelling motivation to set aside funds regularly 4 With the knowledge that your family is protected against the uncertainties of the future adequate life insurance will help you be a more relaxed and successful investor WRITEVILLE Mrs Do shle Hendrick Holcomb 47 of White ill died Saturday at a Durham hospital Funeral today 11 am at New Hope Baptist Church Survivors: husband Glenn Holcomb: sons Garnett of the home Furman Columbia SC Owen and Hilton US Army: daughters Sharon Holcomb and Mrs Alton Williamson of Whiteville father Hendrick Conway SC: brothers James and Joe Hendrick Con--way sisters Mrs Woodrow Hucks Conway and Mrs Mason Montague Mich WH1TEVILLE Funeral services for Claudie Stanley 68 of Rt 1 Ash who died Saturday were held Monday at the home of a daughter Burial in Stanley family cemetery Survivors: daughter 3 Tripp of Ash brothers Stanley of Leland Byron and Stanley of Ash: sister Mrs Mintz of Ash WHITEVILLE CHerman Ownes 65 of Saratoga died in a Wilson hospital Sunday Funeral at Thomas-Yelverton Funeral Home in Wilson today at 3 pm Surviving: daughter John Joyner of Whiteville WILLIAMSTON Florence Allred Martin 70 died Sunday at home Funeral 2 pm today at Grace Methodist Church Survivors: sons Fred Martin of Williamston and Jack Mar tin of Clayton Ga daughters Mrs Clay Maddison of Greensboro and Mrs Oscar Cook of Seattle Wash-' brothers Lexie Allred of Ash land Ky and Dennis Allred of 1 Mississippi: sister Mrs Alice Brown of Greensboro Ask Us For "Life Insurance Our Booklet Priority Property" ARCHIE cAnnou CLE General Agent and CHARLOTTE ASSOCIATES Durham Man Is Indicted In Slaying KINSTON --(tTPI)-- A Superior Court grand jury Monday indicted Durham surgical supply operator Winston Phillips on a murder charge in the bludgeon death of Kinston Negro school teacher Ruth Graham Tillery Phillips arrested in Durham two days after the woman's body was found near here in late De cember has been held without bond Trial was expected to be set for the March term here The defendant a Negro has waived a preliminary hearing In the case He denied any knowledge of the woman's death The victim's body was found behind an abandoned building at Falling Creek on the outskirts of Kinston and she appeared to have been beaten and struck with a hatchet Authorities expressed the opinion that she was killed elsewhere and her body dumped at Falling Creek Witnesses before the grand jury I ncluded Sheriff's Deputies George Hill and Liston Davenport SBI Agent John Edwards and Matt Croom of Falling Creek who found the woman's body Carolina Power Okays Budget RALEIGH (AI Carolina Power Light Co directors Monday approved a $76 million con struction budget its highest in history and named a new come pany secretary and assistant treasurer Richard Mallison was promoted from assistant secretary to secretary James Currie former state commissioner of revenue was elected assistant treasurer An all-time high of $76 million authorized for construction includes $38 million for expansion this year and the remainder to complete projects already in Jack Beall Rich Cowhig NEW ENGLAND yttattai LIFE dablITE6ftT Suitt 1 7" 1 fjo ii E4E'''iOLI'''' rt ace otnsn Itterg is OLITrit news I Cal Clings 40 Ed llimen CAJU Bank Bldg PR 55744 (PLEASE PRINT) importance) PLEASE PP INT) IstiE OnitaDTYOD at ratIgnit tan and Mrs Robert Vincent Bald-1 win died Monday Funeral Wednesday 4 pm at Chur eh of God Survivors: parents: brother Robert Loman of the home sisters Vanessa Luree a Stella Ann Baldwin of I home DILLON Boyd Harrelson 49 died Monday at his home Fu mat today 3 pm at Pleasant Pill Baptist Church 'Burial at Greenlawn Cemetery Survivors: wife 'sons Boyd Allen and Fred of Dillon daughter Mrs Legrande Rog ers of Dillon brothers Nay hue Marvin and Rembert Harrelson of Dillon: sister Mrs Claude Clamp of Travelers Rest FLORENCE Mrs George Oliv er 83 of Rt 2 Florence died 1 Sunday Funeral was Monday Survivors: daughters Jesse Morris Mrs Hickson both of Florence Mrs David Broach Mrs Lawson Conyers both of Timmonsville sons Sidney Oliver Roy Oliver Henry Oliver all of Florence half brothers Nathan Locklair English Locklair Bedxey Locklair all of Florence HARTSVILLE Funeral Julius Webb who died Sunday will be Wednesday 3 pm at Emmanuel Baptist Church Interment in Westview Memorial Cemetery Survivors: wife foster daughter Mrs Chester Loazaski of Grand Rapids Mich brothers Rubin of Hartsville Thomas of Camden Lawrence of Clinton sister Mrs Maggie Marshall of Joanna HARTSVILLE Elihew Mixon died Monday Funeral today 4 pm at Emmanuel Baptist Church Burial in Magnolia Cemetery Survivors: daughters Mrs Clark Mrs McElveen Mrs Hill Gandy all of Hartsville Mrs McLaughlin of cBee half-sisters Mrs Lewis Mrs Brown both of Hartsville Mrs Priestly Mims of Lamar Mrs Jack Smith of Greer half-brothers Tom John- Mixon both of Hartsville ROCK IIILL Miss Mozelle Thomas 53 of Edgemoor died Sunday at a Charlotte hospital Funeral 4 pm today Bass Funeral Rome Survivors: sisters Miss Lillie Mae Thomas of Edgemoor and Mrs Witherspoon of Sumter brother James A Thomas of Edgemoor Set 1 Date of Purchase IIIMMONESPEEMOMOM I YOUR ADDRESS 2 Your at Moro 0 I am securities records a I'm paying 3 Personal 0 Occupation Number and Any close 4 Financial Approximate Aecumulated Approximate Real Approximate Other bequests Fixed My present North Carolina ALBEMARLE Mrs Charles Sells 48 of 208 McCurdy Ave died Sunday at Stan ly County Hospital Funeral 4 pm today at Congregational Chris tian Church Survivors: husband: daughters Mrs Jeanette Kane of Cresaptown Md and Betty Joy Gardner of Miami Fla brothers John Brantley of Union County and Fred Brantley of Albemarle sisters Mrs Fred Crawford Mrs Fairley Medlin and Mrs Dar wood Austin of Albemarle and Mrs Palmer Rushing of Indian Trail BELMONT Dennis Ross Fite 73 died Sunday in a Charlotte hospital Funeral today 4 pm at East Belmont Baptist Church Burial in Gaston Memorial Park Survivor: sister Mrs Miles Lynch of Belmont BURLINGTON Herbert A Ly erly 53 died Monday after a heart attack Funeral at Rich and Thompson chapel in Burlington Wednesday at 11 a Surviving are the wife two daughters Mrs Robert Barker of Kinston and Miss Melie Sue Lyerly of East Carolina College at Greenville sister Mrs Clarence Pendleton Charlotte brother Albert Lyerly of California CHADBOURN Funeral servicess for Mrs Lydia McIver 78 who died Saturday were held Monday at Chadbourn Presbyterian Church Burial In Oakwood Cemetery at Max-ton Survivors: sons Capt McIver of the Navy in California McIver of Georgia and Iver McIver of Ra leigh KANNAPOLIS Robert Clinton Honeycutt 60 of 2207 Landa Ave Ext died Sunday in a Mooresville hospital Funeral today 4 at Elm St Church of God Burial Caro lina Memorial Park Survivors: wife son Robert Clinton Honeycutt Jr of Fayetteville daughter Bill Joe Barnhardt of Kannapolls stepson Leroy Roberts of Charlotte brothers Edward Honeycutt of Portsmouth Va Honeycutt of Kannapolis sisters Mrs Bitch of Greensboro Mrs Foutz Mrs Foutz of Kannapolis Mrs Foutz of Landis KINGS MOUNTAIN David Wright 86 of Rt 1 died Mon day at home Funeral Wednesday 3 at Patterson Grove Church Survivor wife sons Travis Melvin both of Kings Mountain Ira of Bessemer City Thamer of Deland Fla daughters Mrs William Carroll of Clover Mrs Wayne Putnam Mrs Roy Bridges Mrs Sidney Hicks all of Kings Mountain brothers Forrest of Kannapolis Josh of Shelby Buford of Lawndale: sisters Mrs Joe Pearson Mrs Ellie Champion both of Shelby LENOIR Mrs Bessie Huffman Cook 71 of Valdese died at her home Saturday Funeral held Monday Walkers Chapel Baptist Church Valdese Survivors: daughters Mrs Donald Smith Valdese Mrs Gordon Smith Granite Falls Mrs Bedford Smith Johnny Hoyle Ft Smith Ark sons Calvin Cook Drexel Dick and Cook Valdese sisters Mrs Linnie Mace Mrs Lemmie Cook Morganton Mrs Timmie Smith Valdne Mrs Rhoda Smith Drexel broth ers Allen Huffman Raleigh Wade Huffman Rutherford Col lege LENOIR Funeral services for Isaac Widener 77 former Lenoir resident who had been residing in Charlotte and died there Sunday will be held Wednesday at 2 pm at Mt Zion Methodist Church Caldwell County Survivors: daughter Lucy Dodson Charlotte son Leonard Widener a couver Wash LINCOLNTON Raymond Lee Caudle 25 died in a Lincoln-ton hospital Sunday Funeral held Macedonia Baptist Church 4 pm Monday Survivors: wife son Tony daughter Sher parents brother Bennie Charles Caudle Nina Jones Cornwell 84 died at her home on Lineolnton Rt 1 Monday Funeral Wednesday 3 at First Baptist Church in Lincoln-ton Survivors: sons Cornwell Orlando Fla Thomas Winston-S a I James Spruce Pine and Hubert Lincolnton RI 1 daughters Miss Aida Cornwell and Mrs Jack Lander of Lincolnton 1 sisters Mrs Sidney Dellinger Charlotte Mrs Julius Dellinger Gastonia Mrs Leonhardt Shelby Mrs John Iluffstetler Cherryville LAURINBURG Orlando Harwell 76 died Sunday at his home on South Main Street Funeral 1Vdnsdaty 3:30 pm at First Methodist 'Church Burial Hillside Cemetery Survivors: wife son Lindo Ilarvell of Laurinburg (laugh ter Mrs Mary Briggs of Pheonix Ariz: sisters Mrs Mary Hammock Miss Millie Ann Harvell of Danville Va MOORESVILLE Mrs ham Brown 72 of 214 In liarn PrOWII 72 of 214 In 1 stitute St died Monday at by JACK LEFLER NEW YORK ti11 Is the stock market reflecting confidence that business will get bet ter before too much of 1961 goes by? Some analysts are leaning to that conclusion Others say it Is too early to tell Al any rate since the first of the year the market's advance has carried it to a point where the losses of MO are about 50 per cent erased Anticipation of the new administration's efforts to spur business also is being given credit for higher stock prices "The great improvement in the sentiment factor resulting mainly from the growing feeling that business will turn Up strongly in the second half together with increasing confidence in the incoming administration seems likely to outweigh depressing economic news" said I LaTourette of Shearson Hammitt Co lie expects the market's re cent strong tone to continue Spear Staff Inc contends It is too early to say that the climb by the Dow-Jones industrial average is "discounting the end of the' business recession" "We believe it is looking forward to the inauguration and to the possibility that increased government spending will give the economy a lift" the advisory service says Some Doubt Gold Decree Enforceable NEW YORK Doubt was expressed by some economists Monday that the government could enforce its latest regulations on gold Over the weekend the White House ruled that holders of gold abroad whether private citizens or US corporations' would have to scll it before June 1 Americans have been prevented from owning gold in this country since 1933 Franz Pick a well-k flown monetary authority and pub usher of Pick's World Currency Iteport said flatly that the ruling is "unenforceable" Julius Hirsch intern ational economist said he felt corporations would comply with the decree "witit the tittle 'thati it quite a different thing" A gold authority at one of New York's biggest banks took a different view however Ile said be expected cooperation from central banks of other countries as well as private foreign banks "which will make evasion difficult although I don't see why any American should want to evade the order" In general it was felt that the order was a good one Pyramid Life Has Best Year Pyramid Life Insurance Co Monday declared a 10 per cent Mock dividend in addition to its regular dividend of 7 cents a share The company reported its best year of profits $275000 after taxes on premium income of $4401000 for the year ended Dec 31 The firm established here in 1931 has $271 million of life insurance In force Profit Up NEW YORK The Great Atlantic Pacific Tea Co reported earnings in the 39 weeks ended Nov 26 rose to $41900000 equal to $188 a common share from $35400 000 or $159 a share a year earlier Cash Grains CHICAGO yy (AP) -y Wheat 1 yellow hard 21314 2 yellow hard 21234 Corn No 2 yellow 11111 No 3 yellow 10614401 No 4 yellow 1 02N0 10534 No 5 Yellow 1021s Oafs No 1 ex Ira heavy while 69114-70 No soybean sales Soybean oil Parley: maltina choice 120-133nt feed 75-90n Metal Prices NEW YORK $oot nonferrous metal prices MnoMIY: t000mr 2e-30 cents a pound Connecticut Vainly Lead 11 tents I pound New York Zinc 1112 cents a pound East St Louis Tin 81001 it Pound New York Foreign silver tlh Cents Per troy ounce New York Pittsburgh IICtilP steel No 1 heavy Was quoted by Iron Age at 2900-3000 Drygoods NEW YORK The cotton tee tite market wes quiet Mondey How Ave mills reported that interest In for ward print cloths end broadcloths ls peered to be revivine The bids were boo mill quotations and not much ac Wel business was believed transacted Orders for wool goods were slow Prim were stead" at Australien wool Suctions There was a MI more SICIIvity In synthetic goods particularly in blended WItrat Supply lrops cmicA00 (AP) Tho Betlf-fl of Irene reported thet the Visible suoolv of wheel In the United Vete el0rfeesed 31111000 bushels lest week to 4600550M bushels: Corn elevmod 1023000 hush oil Wt 115726000 oets detreesed 025000 70103010 FYI el 1160oo to PO FoOt barley I 77 15t5 te It 111 vnr '1 'W AIyot govbsr4 incrooss 430 826000 NAMF Investment Objectives: than one objective indicate order of I IIIVESTME111 1111'm interested in relatively stable with excellent dividend 0 I inn primarily Interested in good quality stocks that should increase In value over the years 1 i 1 I i 1 i I 1 1 1 1 I I I' I 1 i I 0 1 1 1 I I 1 'i 1 1 I i 'i 1 1 I 'hi I I 1 1 I 1 1 I 1 i i i 1 1 looking for docks that are a I am interested in attractive liberal dividends ulations NEWTON Miss Lillie Loue Ila Sigmon 71 of Rt 1 Maiden died Saturday Funeral a Monday Survivor: brother Walter James Sigmon of Newton NEWTON Mrs Jennie Fulbright Jarrett 75 of Startown died Monday Funeral plans incomplete Survivors: A Jarrett daughters Mrs Rader of Startown Mrs Carl Hansen of Brooklyn NY Mrs Clarence Hewitt of Newton Mrs Charles Yeager of Baltimore Md sons John Jarrett of Miami Fla Ralph Jarrett of Tucson Ariz Joe Jarrett of Pueblo Colo Wayne Jarrett of Newton brother Futbright of Newton I ste Mrs Miller of Hickory ROCKINGI1AM James Brantly Mellon 91 died Sunday in Richmond Memorial Hospital Funeral today 3:30 at Pee Dee Methodist Church Burial Eastside Cemetery Survivors: wife daughters Mrs John Maness Mrs Roy Callahan Mrs Thelam McBride sons James and Clarance Dan Melton all of Rockingham ROCKY MOUNT Mrs Annie' King 74 died Sunday at home Funeral today 4 pm at Guy Yost Funeral Home Survivors: brothers King Of te King both of Rocky Mount sister Clara King of the home ROCKY MOUNT John Cleveland Dew 70 of West End Terrace died Sunday Funeral today 2 pm at Gay Yost Funeral Home Survivors: wife sons John of Danville Va Leo of Richmond Va: daughter Mrs Hilda Smith of the home sister Mrs Ruth McLain of Patrick brothers Thurman Herbert all of Conway Grover of Loris SIIALLOTTE Moses Lee Ham 56 died Saturday at his home In Wilson Funeral was Mon day 3:30 at Wilkerson Chapel in Greenville Survivors: wife sons S-Sgt Marvin Lee Ham of the Marine Corps Jacksonville Williams Russell Ham of Central Islip Long Island daughter Mrs Daniel Hughes of Greenville stepdaughters Theresa and Betty Ham of the home brother Richard Ham of Wilmington sister Mrs Biss of Winabow SHELBY Hamrick 74 died Saturday at his home Funeral held Monday Survivors: wife foster son Feree Jr of Springfield Mo brothers of Swannanoa Walter of Cliffside ww oI of Caroleen and Carl of Shelby sister Mrs Webb Luckadoo of Swannanoa SHELBY Mrs Atha Ellis Pinson 85 of Swainsville died Sunday in a Morganton hospital Funeral 2 pm today at Pleasant Ridge Baptist Church Survivors: daughters Brady McSwain and Mrs Callahan of Rt 4 brother Ellis of Rt 3 sister Mrs A IL Padgett of Rt 3 SILER CITY George Bill 77 of 2 Bennett died Mon day Funeral Wednesday 2 at Fall Creek Baptist Church Survivors: wife daughters Mrs Ralph Scott of Mrs Clyde Phillips both of Rt 2 Bennett Mrs Wrenn Dark of Siler City sons Ross of the home James of Siler City brothers Bear Creek of Rt 2 Bennett Town Of Elkin Gels New Chief ELKIN For the first time in 22 years Elkin has a new chief of police Ile is (Sonny) Mackie who succeeds retiring Chief Core bett Wall Mackie 28 had been a state highway patrolman since 1953 and had served inthe Elkin area for the past four years Wall who was a Surry County deputy sheriff before joining the local police force 22 years ago has been appointed a deputy in the Surry sheriff's department Coroner's Jury Calk Man Innocent MAXTON A coroner's jury Monday night freed Leroy Nor man 44 Who had been held without bond in the gun death of Johnny McDonald 24 Coroner Riggs said the jury found the New Year's Day shooting was an act of self do tense information: Male Femtle Marital Status 0 Single Age 0 2030 0 Married 0 304 0 Widowed 0 4040 tailor-made tor you! or profession age of dependents connections with any company listed in portfolio Information: annual income from all sources other than sectwitiet cash or savings-- Cash now available for Noe Veteran Editor Dies ROXBORO Joseph Wil- I ham Noe II editor of the Courier Times here for more than 60 years until his retirement in 1958 died in a hospital Monday He was 98 Noe 11 was recognized as the nation's oldest active newspaper editor until his 'retirement after suffering a fall in 1958 He had been a hospital patient for several months He was a native of Alamance County and would have been 99 on Feb 4 Noe 11 also had served two terms in the State Senate in 1933 and 1937 was state bank examiner for two years and had been a member of the board of trustees of Baptist Orphanage at Thomasville for 37 years He also had served as a trustee of North Carolina Col lege at Durham was postmas ter of Roxboro for a 10year period several years ago bad been president of the Nor th Carolina Press Association and was president of Roxboro Build Ing and Loan Association at the time of his death He was married to Cornelia Jane Holman of Statesville who died in 1941 two months after they observed their 50th wedding anniversary Survivors include a son Dr Robeit Noell of Roxboro two daughters Mrs Lee Weathers of Shelby and Mrs Elizabeth Boles of Roxboro a sister Mrs Markham of Durham one granddaughter Mrs Frank Clayton Jr of Burlington and three great-grandchildren Funeral rites are to be conducted at the home here at 11 am Wednesday Burial will be in Burchwood Cemetery Obituaries Mecklenburg MRS WILLIAM BROWN SR William Brown Sr 78 of Route 2 passed away Monday Jan 18 1961 at her home Mrs Brown daughter of the late Sidney and Arbella Cannon Christenbury was born April 19 1884 in Mecklenburg County She is survived by her husband two daughters Mrs Pegram and Mrs Benard of Charlotte four sons Clyde Brown Charlotte Fred Brown Mint Hill Banks and William Brown Jr of Route 2 six sisters Mrs Jetton of Route 2 Mrs Holt Armour Mrs II Northrop Mrs Wiley Poole Mrs Clyde Champ and Mrs Jenny Hager all of Charlotte Funeral services will be conducted at 3:30 o'clock this afternoon from the Iluntersville ARP Church Interment will be In the church cemetery Memorials may be sent to the Huntersville ARP Church Building Fund Arrangements by the Cavin Funeral Directors BLAINE CATHEY Funeral service for Blaine Cathey of Washington who died Thursday Jan 12 1961 In a Washington hospital will be held at 4 o'clock this afternoon from the Mount Olive Presbyterian Church The Rev II Odell Graham will officiate assisted by Dr Smith and the Rev De Forrest Baxter Interment will he in the church cemetery Mr Cothey is surviv Pd by his wife Mrs Dora Cathy three sisters Mrs Alin gie Bolt Mrs Ressie Jones and Mrs Claudia McFadden all of Charlotte The family will he at the home of Mrs Aldrich Ross 228 Long St Arrange merits by the Grier and Thomp son Funeral Director' annual saving' Amount of life Insurance Estate-llomo Other tax bracket To resources' (pension expectations participation in profit sharing plans etc) obligations (mortgagee loans etc) holdings Nemo of Security No of Bonds or 'hares spec 0 50-60 0 over 60 Unit Cost separats sheet) Tel: Alpine 4-6331 Tel: Broadway 24141 Tel: Temple 2-3731 Tel: 24-3-3161 Tel: Park 2-4161 Tel: Alpine 2-7221 If you own want may prove profitable to answer these in the form for a complete analysis of your situation by our Research Department There won't be any charge of course and the information you sup ply will be held in strictest confidence The only reason we ask for it is to help determine the best investment program for your particular circuit) stances Obviously the kind of semi ties we suggest for a person who depends on dividends for most of his income will differ drastically from those for someone who can afford more risk in the hope of capital gains That's why we ask you to define your investment objective as you see it to include any additional infor motion you think might help us to do the best job possible 11 (List additional securities on Address: Research Department AK9 Merrill Lynch Pierce Fenner Smith Inc Members New York Stock Exchange and other principal Stock and Commodity Exchanges ADDISON BUILDING (222 Church Street) CHARLOTTE Telephone: FRonklin 7-3441 OTHER NORTH CAROLINA OFFICES Asheville Greensboro Raleigh Wilson Winston-Salem Columbia 29 Page Avenue 120 North Greene Street 324 Salisbury Street 119 West Nash Street Reynolds Bldg 1304 Sumter Street eb A a I aorweem e0 Ak4 dok A I a a ai a'444k 44 4144 444 4 014444 46644141444041 3 44444 t44-44 464444 4 a a 4I1i 4 44 4o4 t4 1441A Ark 'A Alk Ah AN Ika' geob it Alkk Aft.