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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 22, 1966
Page
2
Stocks slip in afternoon trading led by high flyers in technology and transportation sectors while New York and American stock exchanges tighten credit for select investors starting Monday. The Dow juggernauts show mixed moves with the Associated Press average down 1.3% at midday as cautions rise ahead of the weekend.
High Point officials report a coordinated statewide effort as the spring market starts at 7 a.m. with exhibits at the Exposition Building Furniture Plaza and Furniture Mart. Bassett Furniture builds a 1.5 million showroom while vendors rush to complete displays and decorators work late to ready spaces.
U S Marines and South Vietnamese forces threaten to wipe out a North Vietnamese Viet Cong regiment after heavy fighting near Quang Ngai. Artillery and air strikes pinned down the mixed force as U S air power rained on North Vietnam. A Navy A6 Intruder was shot down near Vinh with crew missing in action. Fires at Pleiku damaged aircraft as US air war continues. Meetings and press events at the Furniture Plaza are announced.
The March index shows broad increases across food clothing housing and services. It stands at 112 percent of the 1957–59 average, up 2.8 percent from a year earlier, meaning a $10 basket now costs $11.20.
Dr. Charles F. Carroll says three judge federal court modified an earlier ruling. The court’s decision now strikes only the Pearsall Plan linked portion of North Carolina's compulsory school attendance law and leaves the rest in effect. The Pearsall Plan had been ruled unconstitutional earlier this month.
New York and American stock exchanges announce tighter credit limits to curb speculative trading. The Big Board raises minimum margin equity to 2000 dollars, bans free riding in cash accounts, and limits day trading, while the American exchange imposes a 70 percent down payment for all day trades. Both plan new index publications this summer.
Former U.S. District Judge George Bell Timmerman Sr. died in a Columbia hospital at age 85 after a long illness. He retired in 1962 after more than 20 years on the district bench and was involved in a landmark 1954 ruling upholding separate schools for whites and Negroes. He criticized the 1954 decision as contrary to the law of the land and urged courts not to write new laws.
Dr Henry Hamilton a UCLA psychiatrist testified Lamarr very upset tense and confused describing her as a patient from 1964 to 1965 He said she was treated two to three times weekly Lamarr 51 is charged with shoplifting 86 at May Co on Wilshire Boulevard Detective Helen McGarry testified she had prior incidents at I Magnin and Neiman Marcus where she paid in the past
Former minor league baseball player from Salisbury who appeared in Western Carolinas League in 1964 was sentenced in Shelly Shel Park Florida after convictions for robbing the Denver Branch of the First National Bank of Lincoln ton of 9100 and the Claremont Branch of the First National Bank at Catawba County of 8800. He faces a third bank robbery charge in Athens Georgia. The FBI arrested him in Jacksonville Florida on a charge of entering an aircraft with a firearm.
Defense lawyer Maurice Lesser said White planned to surrender this weekend as police seek four remaining suspects. White was held for another hearing next Friday after a brief court appearance at Bedford Prison. Police hope disclosures will help catch the others, with theories they were abducted and killed. Bruce Reynolds and Ronald Buster Edwards remain at large. Reynolds once evaded police during a London raid. Ten other gang members were later sentenced after a chase over West London carrying more than $93,600.
Dr. Frank H. Caldwell, elected moderator of the General Assembly, urged a broader outlook for the Southern Presbyterian Church. He called for breaking regionalism and expanding church concerns to government, politics, and sociology, while noting unresolved issues of church involvement and racial barriers.
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