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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 06, 1955
Page
3
General Motors led trading with a gain of over 15 points on news of a proposed three for one stock split. The, market opened higher, eased from early peaks, and massive volume followed a floor delay as traders set a fair price.
Senator Mansfield of Montana condemns the Eisenhower administration for what he calls incredible shenanigans in foreign military aid. He cites a June 30 transaction that obligated 575 million dollars, legalizing spending beyond congressional limits for the new fiscal year.
ASHEVILLE The U S District Court ruling dismisses a suit by Negro parents against the McDowell Board of Education on segregated schooling. Judge Wilson Warlick cites the Supreme Court ban on segregation and notes no Negro school exists in Old Fort, forcing transport to Marion. Superintendent Melvin H Taylor says integration is inevitable and officials aim for gradual, lawful change.
A U S Navy R4D crew over Mt Etna in Sicily observes fiery eruptions from a new volcanic vent inside a crater, with lava fountains every 8 to 10 minutes reaching 100 feet. Dr. Salvatore Cocuzza notes activity rising in the last day while nearby villagers remain calm.
Washington officials warn a 20 per cent lag in China’s five year plan risks a failure to balance agriculture and industry by 1957. Floods and drought cut output, with floods striking nontraditional areas, raising concern as Peiping plans rice imports and flood control on the Yellow River proposal.
BELGRADE Yugoslavia seven journalists from Belgrade will depart on July 13 for a two week trip to the Soviet Union. The delegation aims to strengthen press exchanges between Yugoslavia and the USSR.
Raleigh NC patrol chief James R. Smith praised Tar Heel drivers for their behavior during the busy July 4 weekend. He noted traffic was the heaviest he had seen, with 17 fatalities that holiday, down from 19 last year. Smith logged 1,500 miles observing conditions and said most motorists obeyed speed limits and signals.
Nine prisoners were granted paroles by the State Board of Paroles. Ed ward s, 48, Hertford County 1940 murder sentence. Harvey Moore, 38, Wilson County 1952 manslaughter sentence. Lonnie Boggs, 20 Guilford County 1953 burglary, larceny, receiving sentence. Leslie Hardy, 31 Pitt County 1952 murder escape sentence. Clarence Monroe, 31 Wayne County 1954 breaking and entering larceny. Clarence Junious Evans, 21 Vance County 1954 hit and run injury. Clyde Black, 30 Moore County 1953 manslaughter. James Graham, 28 Lenoir County 1954 larceny. Leon Miller, 43 Wake County 1954 forgery.
Senator Johnston proposes using Section 22 powers to curb textile imports and press the President to counter Japan’s textile agreement at Geneva. He says this differs from Thurmond’s tariff commission plan and offers immediate relief, while Thurmond hopes the Finance Committee acts soon.
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