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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 19, 1965
Page
2
New York a p markets moved irregularly higher this afternoon as trading stayed moderate. The AP average of 60 stocks rose 0.5 to 332.6 with industrials and utilities up about five points. the Dow Jones average gained 1.75 to 896.17 at noon.
The release notes national OTC stock averages with commission impact. Ask prices show approximate mark-ups, reflecting dealer margins on OTC quotes and related trading activity.
Analyzed text outlines annual disbursements based on last quarter and semiannual or extra dividends. It lists stock dividends payable in stock and cash values on ex dividend and ex distribution dates with terms like ex dividend, ex distribution, and dividends in arrears.
Drexel Enterprises President said there is much to be optimistic about for the future citing a Stanford Research Institute report. He highlighted furniture sector growth and rising share of disposable income, noting Drexel’s space, sales, and segmentation including schools libraries and industrial products. He also reported six month net sales figures rising 8 percent.
De Gaulle aide Peyrefitte says Malraux carried a letter from De Gaulle to Mao noting a deep exchange on China France and world future. Talks covered Viet Nam and Chinese world role. No invitation for Chinese leaders to Paris. De Gaulle to Colombey-les-Deux-Eglises after cabinet briefing.
Washington AP government orders 10 additional federal registrars to Alabama Mississippi and Louisiana counties to register Negro voters. Counties Jefferson Davis and Jones Mississippi Perry and Wilcox Alabama and Ouachita Parish Louisiana added. Civil Service examiners conduct literacy free registration under Katzenbach guidance.
City Council plans to buy more land for a proposed lake reservoir by 1970. About half of the needed parcel along the lake area has been secured, expanding the lake to about twice the size of City Lake. The council authorized letters to owners signaling intent to purchase and stated finances allow further acquisition.
Senator Humphrey warned of a looming economic crisis among Negroes as unemployment and undereducation widen the gap with white workers. He cited 40 percent jobless rates in some neighborhoods and stressed restoring access to stable, skilled jobs as key to Black advancement.
Henredon Furniture Industries Inc. reports sales of 5.41 million dollars, up 12 percent from the prior year, and net earnings of 424,093 dollars for the quarter. Earnings per share rose to 32 cents from 28 cents. A 10 cent quarterly dividend is declared payable September 1 to holders of record August 10.
City council discusses highway and Eastchester Drive zoning moves. A new amendment bans parking of vehicles over one ton in residential zones except for loading unloading and specific emergency or nonconforming uses. Emergency vehicle parking may occur off street.
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