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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 11, 1966
Page
2
New York reports a small advance in moderate trading as selective demand for blue chips keeps averages up slightly despite caution. Investors weigh reports of interest rates at multigenerational highs in parts of the money market.
The text lists a set of footnotes and abbreviations related to American Exchange dividend disclosures. It defines annual rates, regular versus extra dividends, stock dividends, and various conditions such as ex-dividend, ex-rights, or warrants. It also notes special statuses like new issues, bankruptcies, and foreign issues subject to tax.
Merchants report inventories at workable levels and must buy for fall deliveries. Buyers from a 300 mile radius converge on High Point for the Southern Furniture Market as saturation attendance is forecast for nearby regions and Caribbean stores. A panel of teenagers will share ideas at the SRFA event, while the six month survey shows retail furniture stores near or above 1965 levels, signaling a potential record year for the industry.
The 441 foot Liberty ship Paestum with 32 crew sank 23 miles south southeast of Cape Hatteras after a ballast leak flooded the engine room. All 32 crew were rescued uninjured by a Coast Guard patrol vessel.
Lillian Jo Ramos, 28, charged from a motel room and fired on police and FBI agents in Post Falls Idaho. She and an officer were wounded. Ramos was critically injured and then treated in Spokane. Authorities had been seeking her since a forgery case with Johan Bosley in Spokane.
Michael Juergensen a 14 year old Charlotte Scout was lost 24 hours after tumbling 50 feet down Shortoff Mountain Burke County He survived on a rock ledge in summer uniform and used a SOS signal made from branches sticks and a red bandana A Mor gan ton scoutmaster piloted a plane spotted the signal and notified a forest ranger His father an assistant scoutmaster aided in the search with five rescue squads
Report says troopers moved in on a group of about 100 African American onlookers in a courthouse area. Officers scattered the crowd amid baton blows while county police were ordered to break up the noisy whites, who fled.
Visitors began arriving in High Point for a regional exposition show. Cars from out of state lined streets near three display buildings as buyers anticipate momentum through the year. A survey predicts Italian and IK styles as leaders with early American and colonial styles close behind and English styles gaining popularity.
The Associated Press reports a violent weekend in North Carolina with at least 20 fatalities. Victims include Janice Lackey 18 of Maiden and Barry Powell 17 of Connelly Springs in a double crash, plus multiple injuries and drownings across several counties.
Secretary of Defense Robert S. McNamara reports a 14 billion dollar five year saving from the cost reduction plan with 4.5 billion saved last year. He cites three core principles and notes potential further cuts as Vietnam commitments rise.
Mrs. Jo siah W. Bailey widow of U S Sen Josiah Bailey died in a Raleigh hospital at 75. Born November 23 1890 in Smithfield she moved to Raleigh in 1898 and attended Raleigh public schools and Peace College. She was a member of her County Committee of the North Carolina Democratic Party.
U S Representative Horace R Kornegay warned that a week old strike against five major carriers cripples the Greensboro High Point Winston Salem economy. He told Labor Secretary Wirtz delays in airmail and restricted funds movement worsen North Carolina credit strains. He praised Piedmont Airlines for expanded service but noted limited trunkline air service in the region.
Carolina Society of Custodial Dames of America joins Daughters of the Revolution and First Presbyterian Church in planning a community program. Details on date location and program are to be announced.
Dr Martin Luther King Jr urges white and Black allies to resist violence during a tense rally. He notes some white counterprotesters and warns that violence would destroy the chance for progress while insisting real power lies in nonviolent action.
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