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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 18, 1965
Page
2
Major indexes rose as United States Steel and selected tobacco and rail shares led gains. The Dow Jones average climbed 3.56 points to 0782, with U S Steel common shares rising on a planned recap move though opening was delayed.
An OCR fragment outlines stock dividend and ex dividend codes such as extra of extras b-Annuei rate plus stock dividend c-Liquidating dividend G-Declared or paid in 1985 h Declared or after stock dividend k or paid this year with dividend value on exdividend or ex distribution date x-Ex dividend and related terms including warrants and bankruptcy notes.
United States Steel Corp. announced a plan to double its capital structure and issue debentures that represent no ownership of equity. Financial circles indicated the move aims to finance expansion and strengthen liquidity.
Washington AP report notes the United States finally brings in more funds in its international balance and the Treasury faces a development problem tied to possible shortages of international money and credit as Secretary Henry H. Fowler testifies.
An OCR fragment discusses expected moves that would substantially reduce federal income support programs and affect seats for beneficiaries in the United States. It mentions general implications for the American public and possible impacts on social programs.
In Falmouth England AP reports American newsman Robert Manry completed his 78 day 130 foot yacht voyage in the Tinkerbell. He was described as tanned and fit and was to rest for at least a day as he adjusted to land life after the crossing.
AP report from Washington quotes ATMI official Garland arguing against changes to unemployment tax. He says state benefit protection has kept pace with economic shifts and favors directing more funds toward payment sources. The statement calls proposed revisions unfair to business.
Washington AP reports a union agrees to end its strike while two other unions remain at odds with the ship firms.
In Pittsburgh Mrs Battles aims to prove herself in auto repair. She notes the shop is slow now but expects busier months in the fall. She decided to learn the trade after mentioning a male colleague was overworked.
Beachfront chaos along Ocean Drive as a tornado tears through Myrtle Beach Air Force Base area. Airmen report toppled carnival rides and smashed storefronts while a 90 foot tower at an arcade show is blown down.
The Pentagon inquiry raises tensions as Secretary Nitze takes blame for a lapse while Defense Secretary McNamara bears part of the fault. Rivers condemns the situation as ridiculous and demands better communication with congressional committees to avoid future incidents.
The governor states his pledge to work diligently as he assumes office and to carry out duties with commitment. He emphasizes responsibility and service to the people while outlining a plan to address key issues.
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