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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 05, 1966
Page
2
York AP reports steel shares jump as House officials flag a price increase by U S Steel for structurals within economic guidelines. Trading spiked briefly, with some gains from investors near the two to three point range, as market activity spread to other stock areas.
A list of selected American Exchange NY stocks shows noon prices and footnotes explaining dividend types including stock dividends, ex distribution dates, and special notations such as paid, declared, or distributed in 1966. It notes categories like plus stock dividend, cash rates, and warrants or without warrants as applicable.
President Johnson plans to ask Congress next week for an extra fiscal year ending June 30 with about 5 billion for military stock replacement. The remainder is described as prudent reserve for possible needs in Vietnam as bombing slows, adding to already approved 1.7 and 700 million for increased action, totaling over 14 billion.
An assistant fire chief signed a warrant charging 23 year old Johnny Wayne Hamrick of Cedrow Avenue with turning in a false alarm at Asheboro and Wise streets. Bond set at $100. The fire department also answered a car fire at N Hamilton and Montlieu and investigated an odor from a faulty light fixture on Bridges Street.
In Superior Court today evidence closed in Amon T. Garner versus Ruth Higgins Parsons, a personal injury matter. The trial was expected to go to the jury later today. George McGee versus Willis Cox was non suited at the close of evidence. Four other cases are scheduled for this week's term.
Police arrest Robert Lee Shuford a 23 year old Columbus North Carolina student at Munich University and plan to expel him as an undesirable alien. Bavarian Interior Ministry cites political activity not compatible with host country interests and says he lacks a German residence permit since Sept 13. He remains in custody until Bavarian authorities and the U S consulate determine repatriation.
Dr. Christopher L. Wilson of High Point College will address the Central North Carolina Section on a chemistry topic of current interest.
Pickets marched at St. John’s University campuses in Jamaica Queens and Brooklyn amid a teachers union strike sparked by the preholiday dismissal of 31 professors. Union leaders claim the walkout disrupted classes while university officials call it a flop. Mayor Lindsay offered mediators, rejected by the university, as about 90 percent of the school's 18 000 students attended classes despite transit disruptions.
New York AP reports cotton futures opened 20 cents a bale higher, signaling a stronger start to the trading day.
The United Arab Republic will engage in the Viet Nam peace campaign after President Nasser met with U S Ambassador Harriman for two hours at the Cairo presidential residence. Al Ahram says Egypt will pursue contacts in Hanoi and Moscow as well as Belgrade and New Delhi, not mediation.
Redevelopment Commission will open bids at noon Thursday for about 13 acres in the East Central Urban Renewal area bounded by Cam Leonard Reed and Park. The land is the first sale since the Magic Block sale to High Point Lee last year. Plans call for about 150 garden type apartments with two to four bedrooms aimed at low to moderate income families, with construction expected to start within the year.
The governor argues saving lives on roads requires a mix of court and mechanical fixes and notes the 1965 General Assembly, called the most forward looking, approved a record biennial budget of 2.15 billion without tax increases. The budget allocates 628 million for public schools, up 106 million from before.
Grand jury outlines theft and tax fraud charges against Baker Tap 5 and Jones in a California savings and loan scheme. Indictment claims $33 000 improper gains and misrepresented profits with potential penalties up to five to ten years and substantial fines per count.
Market closes with slight gains as key indices inch higher on mixed sessions. Traders note cautious optimism while economic data influences the Dow Jones averages and nearby stability.
Rain fell across North Carolina with a likely continuation of showers. Early reports show Wilmington receiving over a third of an inch, with varying totals elsewhere as a cool air layer keeps temperatures in the 40s in the northwest.
A cloudy cool day in North Carolina with intermittent rain this afternoon and tonight. Temperatures mostly in the 40s inland rising to around 60 degrees in some areas.
Temperatures Thursday through Monday average near normal in the western halves and rise up to about five degrees above normal in the east. Highs and lows include Asheville 47 28, Charlotte 92 31, Raleigh 92 31, Columbia 58 35, Charleston 61 38. Thursday cool, warmer Friday, colder weekend, then warmer again by period end.
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