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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 28, 1965
Page
2
The New York stock market rose sharply as defense spending hopes boosted leaders in early trading. Steels led gains with a broad uptrend across motors rails copper aerospace electronics and computers as traders reacted to President Johnsons Viet Nam policy review and a strong government statement.
President Johnson said there is no quick solution to the Vietnam war and warned that America will stand united. He stressed not to surrender or retreat and pledged to keep U.S. forces strong while promoting education housing and health amid war concerns.
The $7 measure to expand rent subsidies for low income families moved through Congress after a 251 to 168 House vote. It would fund four years of subsidies for nonprofit and church owned housing with eligibility tied to income and local housing need. Subsidies target substandard housing and displaced households, with a family paying 25 percent of income and the rest covered by the subsidy.
Detective Walter Gay chased from a patrol car helped arrest a suspect after a bank robbery. Welch reported Kimbrel claimed he needed money to pay bills, citing urgent finances as motive.
The speaker outlines a goal of 35,000 and emphasizes expanding outreach to encourage voluntary military enlistment. He frames the effort as a public initiative with broader civic support and calls for continued momentum.
Mark A. Lolatte, general manager of Singer's Fidelity Division in High Point, spoke to the High Point chapter of the American Business Club about differences between running a business in Italy and America. He noted language and political history as barriers and recalled ten years at a Monza Singer factory.
Pentagon briefings and spokesmen provided details on Tuesday’s air actions over North Vietnam. Two downed pilots are believed killed or captured, one rescued. another pair of collided planes presumed killed. Hanoi claims six U S planes shot down and three pilots captured. An F105 strike against Dien Bien Phu and other raids caused building destruction and damage. another Phantom was downed near Hanoi with indications of antiaircraft fire.
New York cotton futures opened without any trades after yesterday’s close. Prices showed slight moves with values around 29.60 to 29.75 cents per pound as traders waited for clearer signals.
In Ephraim New Jersey an unloaded tractor trailer driver died when his cab caught fire after colliding with a concrete wall. Cards found in the cab identified John D. Caulder of Laurel Hill North Carolina as the truck’s owner or operator.
A brief report notes Everett has been connected and nerves stabilized. It mentions last month focused on keeping his thumb in a better position.
Market summary notes Dow Jones averages and bond activity with mentions of rail and utility stocks. Includes brief reference to general market movement and sector highlights without specific figures.
James Russell Lowell editor of the Atlantic Monthly, who first published the Battle Hymn of the Republic and gave it its name, was injured with a cast on his arm after a fall. Knowles blamed the cast for the fracture, saying the upper arm and shoulder were bent against it.
The rising tide aided engineers in Navassa on the Cape Fear River as a 216 foot steel railroad bridge span was floated away and a new trestle section was positioned. Seaboard Air Line Railroad halted traffic at 4 a.m. six miles west of Wilmington with hopes of trains back by 7 p.m.
Twilight Civitan members open their 1965 66 year under President J C Boyles with officers William Kemp Charles Oakes and Preston Ridge. Budget set at 6000 for projects aiding the mentally retarded Boys Home of North Carolina Red Shield Boys Club Wild Acres Youth Conference and High Point College scholarship. Funds above budget to support community projects through fruit cake Halloween candy and Easter orchid sales.
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