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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 20, 1956
Page
2
Market report notes a Dow Jones average near 515.79 with a rise of 0.44 points and utilities and stocks figures detailed. Trading volume listed as 660,000 shares with additional numbers for 970,900 and 1,720,000 in related listings.
Colonial Williamsburg Virginia reports over 100000 student visitors from 2200 schools across the U S during 1955 56 history program while cotton futures opened 10 to 85 cents a bale lower today.
The New York stock market drifted lower in quiet trading with few signs of selling pressure. Major issues fell from fractions to around a point while United Aircraft led gains. The Associated Press Average slid 60 cents at noon, and activity ran around 1,720,000 shares, the lightest since July 2.
A jumbled list shows various names and times such as Paul, Seacrest, Leva, and Margie along with program titles like Movie Hour and What's Cooking. The OCR fragment resembles a TV or radio grid with scattered, unclear entries and inconsistent formatting.
Bernard M. Baruch, on his 46th birthday, says success in life hinges on one thing work. The financier and adviser to presidents spoke after a birthday luncheon at his New York apartment. Attendees included three children, a son-in-law, two close friends, and messages came from President Eisenhower and Sir Winston Churchill.
Linville hosts the first Highland Games and Clan Gathering with a 10,000 crowd at MacRae meadow. Margaret Fletcher wins the Highland dancing trophy, beating Marilyn MacQueen and Plora MacDonald. 200-pound caber toss won by Ronald Patterson of Appalachian State Teachers College with a 36 feet 10 inch throw. Julia MacLeod claims novice dancing title. Sponsors include Clan Donald in the Carolinas and Clan MacLeod Society.
H D Bateman former Branch Banking and Trust Co president is buried in Wilson after funeral at First Methodist Church. He died aged 79 after a month long illness. Bateman led the bank 28 years retiring 1952, guiding assets to about 120 million with 14 eastern Carolina branches. Survivors include his second wife Lottie Skinner Cooper and five children.
In San Francisco the Eisenhower camp signaled Nixon will receive a clear track for renomination at the Republican convention. Stassen seeks to replace Nixon but aides say Eisenhower will not publicly or privately name potential running mates. The open convention and Nixon’s renomination appeared assured as party leaders and associates expect an acclamation to offer Eisenhower’s name.
The Democrats face a dramatic convention with a vice presidential showdown while the Republicans stage a TV heavy, star studded program at the Cow Palace to captivate viewers. TV programmers and entertainers headline GOP efforts as the networked showcase seeks to outshine the Democrats.
The 22nd annual convention of the Greensboro Exchange Club concluded with Durham named site for next year and recognized Hillsboro for club project first place and Wilson second. Awards went to Wilson best bulletin board and Lexing ton most gain in membership while Reidsville led attendance at membership events. Dr A E B Sherron of High Point elected NC Motor Exchange Clubs president. new officers include J Frank Ray Hillsboro vice president C G Burriss Wilson secretary and J D Ennis Sanford treasurer. A resolution endorsed the state plan to maintain racially segregated public schools.
The report notes inflation restraint across 12 districts with rates at 3 percent in two others, a first 3 percent reading in 25 years. It warns further rate hikes could tighten money for business and public expansion while credit rises and consumer spending climb.
The Associated Press reports at least eleven people died violently in North Carolina over the weekend. Incidents include a fatal car overturn near Draper killing Jeffries Tuck and Richard Melvey, a brawl under a Graham house fatally injuring Leach, and multiple other deaths by car crashes, drowning, and a bicycle accident across counties from Lexington to Fairmont.
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