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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 02, 1956
Page
2
In New York stocks a mix of gains and losses marked the day as aircraft issues sparked trades. Trading reached about 2.4 million shares with gains noted in several names amid Washington defense center optimism and profit-taking in aluminum.
SAM DAWSON reports mixed signals in April with big retailers struggling and auto output cutbacks blamed on unseasonably cold wet weather. Construction and residential activity show gains while rail passenger fares rise and steel runs near capacity amid divided sentiment about summer prospects.
Roanoke WSLS TV outlines 5:30 Looney Tune, 6:15 News, 6:45 Eddie Fisher, 7:00 Swayze, with a 7: the Patrol program and an oval figure segment noted in the lineup.
Burlington Industries reports net income of 8.849 million dollars for the first quarter ended March 31 1956 or 96 cents per common share up from 4.745 million or 1.02 dollars per share a year earlier. Pacific Mills meanwhile shows a decline with 1.056 million dollars or 1.10 dollars per share versus 1.074 million or 1.12 dollars per share in 1955.
The Woodbury High School freshman class will hold its hayride next Friday but riders will travel on trucks. A class committee scouted Salem New Hampshire noted for farms and Rockingham race track and found only one available route or service.
U S Secretary of State Dulles arrived in Paris for a NATO Council meeting to explore expanding the alliance beyond military ties. He met with French and British officials and indicated interest in a broader North Atlantic community linked to economic policy potentially through OEEC or a new coordinating body.
In Mountain View California a Navy inquiry reviews Lt Bernard Tesch's mishap yesterday aboard a delta wing Douglas F4D jet plane. An 18 foot wing tank detached at 35000 feet and the aircraft and payload fell into a field near Morgan Hill, causing no injuries.
A Kentucky Senate contest centers on Morton challenging Earle Clements with strong GOP backing from Joe Bates and Governor Chandler. Chandler may appoint a Barkley successor to serve until November, while the Democratic committee would name the November nominee for the four year Barkley term. Cooper, urged to run, declines to pursue the seat, planning a return to diplomacy in India.
Sen Scott cited patents describing glass fiber binding methods for artificial leaf used in cigars. He and Rep Abitt noted the process also appears in cigarette binders, while growers warned the method reshapes binder tobacco economics, with one acre yielding as much as three acres of natural leaf.
Senator Fulbright objects to a private citizen inquiry into future foreign programs and demands that researchers be Congress chosen with minimal administration interference. Senator Smith calls the concern groundless while leaders discuss plans with Eisenhower and Dulles at the White House.
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