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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 19, 1956
Page
2
New York stocks moved sluggishly with mixed results and about 1.4 million shares today. Aircraft and oil sectors led gains while most groups were uneven. Boeing and Douglas rose about a point on news of a $1.2 billion Air Force fund increase.
The Dow Jones averages show readings for 12 Noon and 1 PM with industry, rails, utilities, and stocks indices. Industrials near 463.93 at noon rising to 166.26 for rails and utilities around 66.30. Trading volume listed as 1.44 million and smaller figures.
In Des Moines, farmers like Pete Owen of Elk Hart Iowa say reserves soften losses from fattening cattle while caution remains high. Bankers and merchants warn the recent price rise may be temporary as drought areas resist distress status and buyers await clearer signals.
Television lineup lists Brighter Day at 3 00 and Secret Storm at 3 18 followed by Edge of Night and other daytime programs including Weather Doug Edwards and Neme Theat Tune The District Attorney and World Turns.
Channel listing for WBTV Charlotte shows Secret Storm at 3 15 p m followed by a 4 00 movie Matines and Looneytune and Superman the Robin Hood Harvesters Nocturne and Danny Thomas programs with a Weatherman segment and late night News Sports Les Paul Wrestling and a Sign Off.
WSJS TV Winston Salem Channel 12 lists a 2 06 PM time slot with film festival and Mickey Mouse showcase plus midday segments featuring John Daly Wyatt Earp and Cavalcade. The guide ends with Big Picture and a 10 05 PM sign off.
The schedule lists a sequence of segments including Birdie Summertime review at 8, a 9:00 feature Ourselves 90 Nature of Life at 9, a 10:00 Final, and a 10:08 sign off. Event names and times suggest a late evening programming card with varied nature and lifestyle content.
Rome based Communist daily L Unita reports Palmiro Togliatti claims Italian communism acts independently from Moscow. A Togliatti interview in New Arguments criticizes Khrushchev and the Kremlin, arguing Soviet leaders blamed the cult of personality rather than Stalin era legality and democracy.
Outdoor supper hosted by Emmanuel Lutheran Brotherhood at Dr. R. Zimmerman's home 501 Old Ginetan Rd. Hamburgers and hot dogs will be served starting 6 30 p m. Transportation arrangements to be made by those needing a ride.
The Atlantic Coast Line and St. Joe Paper Co spar over control of the bankrupt Florida East Coast Railway. The Florida Public Utilities Commission backs St. Joe to keep FEC independent, while ACL offers $56 million in cash and ACS securities to pay all claims and win merger authority from the ICC.
Oak View Lions Club installed officers led by President I. W. Guyer at Oak View School. New officers include H. A. Wood, C. T. Cochrane, P. L. Smith, George F. Ingold, F. Ray Williard, G. C. Clinard, and Bill Sink. Directors are H. I. Dean, G. L. Lewis, W. I. Williard, and Zeb Whitlow with attendance pins awarded.
In Cairo, Soviet Foreign Minister Dmitri Shepilov pledged broad economic aid and framed the USSR as a natural ally of dependent and newly independent nations. He toured Egypt amid the three day National Day celebration and a massive Suez Canal zone evacuation display, with barter-supplied equipment on parade.
President Eisenhower received a booklet of photographs of his grandson David playing golf, humorously written as golf lessons by Henry Burroughs. Hagerty said no decision yet on Panama City trip to meet Latin American leaders, with July 20 as a possible date discussed.
The statement stresses ongoing efforts to advance relations with Western states while preserving good relations with Arab countries and friends in the East. It emphasizes that progress with the East will not come at the expense of existing ties with Arab nations and Eastern partners.
Stanley Furniture Co. of Stanleytown unveiled a 2.75 million expansion plan to raise bedroom and dining room output by about 70 percent and add 500 jobs. A new 270000 square foot plant will be built on a 35 acre site opposite the current plant. About 1 million will fund new buildings and 1.2 million buys new machinery with the rest for working capital. The firm is led by Governor T. B. Stanley of Virginia.
Sir Joseph Swan and Thomas Edison associate to develop rayon fiber in 1883 while seeking a filament for electric light bulbs. The breakthrough marked a notable advance in synthetic textile chemistry during the late 19th century.
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