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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 23, 1966
Page
2
A morning rally faded with heavy trading sending the Dow Jones industrial average from a Feb 9 closing high of 995.15 to 792.03, slipping further to 786.35 by noon. Analysts warn of renewed discouragement and bewilderment as tight money and high rates weigh on stocks amid recession fears.
NASD quotations show inter-dealer prices as of about 10 30 a m with bids and asks adjusted for approximate markups and excluding retail commissions. Regional NASD list notes bids are representative prices and that markets change through the day.
AP reports noon unofficial figures for recent transactions on the American Exchange. The listing explains dividend and distribution notations including stock dividends, ex-dividend and ex-rights statuses, and various payout conditions.
The Associated Press stock averages summary reports bond averages and market indicators compiled for general financial reference. It lists indices for rail utilities funds and bonds with brief closing figures and general trends.
The Dow Jones averages show mixed moves with the Industrials down 1.64, Utilities off 0.37, and public utilities and rail sections fluctuating. The latest quotes place the index around 786.35, with prominent declines in several sectors and mixed performance across bonds and rails.
Burke County Sheriff David W. Oaks, 44, shot while serving a peace warrant, was famed for bold law work and moonshine crackdowns. He wore a black suit and homburg and was likened to Bat Masterson for fearlessness. Oaks had helped destroy 104 stills since 1962.
Lt. Gov Scott told Tarheel Electric Membership Association members that he filed with the U S House Agriculture Committee a plan endorsing a federal bank for rural cooperatives to help them become self supporting and tax paying. He attacked private power offers and warned against monopoly while noting expected tax payments in 1965. Rep Harold Cooley of North Carolina will speak at a banquet.
In Winston-Salem, more than 7,000 Hanes textile workers were sent home after an anonymous call threatened a bomb. Since no specific plant was named, all four sites were evacuated while firemen and police searched. The company planned to resume second shifts in hosiery and knitting divisions by mid afternoon.
Hollywood star Francis X. Bushman died at age 83 following a fall in his home. The veteran silent era actor was known for his virile screen presence and long career in film.
Tuesday night expect rain in New England, the Carolinas, Florida, the Pacific coast, and southern Plains to central Plateaus and Great Basin. Cooler from the mid Atlantic to the Mississippi, warmer in northern and central Plains. AP Wirephoto.
A cool front moved into North Carolina reducing heat and humidity. Showers remain possible along the coast while mountains see much cooler lows in the 50s to 60s and highs in the 70s to low 80s. Asheville logged 16 inches of rain and Cherry Point 15.
A church explosion in Plainview Texas killed one woman and injured 53 others as a gas leak, possibly ignited by an electric organ, caused the ceiling to collapse on a 200-person congregation during a revival. Rescuers sought survivors amid mud and debris, with ambulances responding from neighboring towns.
On the South Carolina Border North Carolina Belt quality of offerings rose and prices for most flue cured tobacco grades advanced Monday. United sales with full government price supports run only through Wednesday, opening sales then for the big Eastern North Carolina Belt. Prices were up mainly $1 to $3 per hundred pounds from Friday with some as season highs.
Watts Hill Jr., chair of North Carolina's Board of Higher Education, denies naming or stacking any committee members to study East Carolina College's readiness for university status. He says Dr. Allen Cartter chaired by staff selection, and the panel's task is to assess educational quality, not decide university status.
The entry records today’s sunset at 7 p.m. and tomorrow’s sunrise at 5:45 a.m. It provides a brief daily solar schedule with no additional details.
The material alleges education is an unwilling partner in the East Carolina controversy. A speaker states 95 percent of time is spent in other studies and that there has never had a con.
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