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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 15, 1966
Page
8
Founders Life Assurance Co of Carolina will merge into Life Assurance Co. of In business under its current structure. Chairman Wallace Ralston predicts life insurance in force will exceed $160 million by year end 1966. First quarter 1966 marked the firm’s best period yet.
A brief quote item notes security commentary attributed to Walker dated June 8, referencing footwear and Western Carolina University context.
Production cutbacks by General Motors Ford and American Motors spurred a sharp stock market drop the steepest since Kennedy's assassination. Ford and GM reported mixed May deliveries while inventories reached record levels. April retail and durable goods fell led by autos, with construction in place nearly unchanged.
The Associated Press reports 60 stocks declined for the first week, closing at 321.1 versus 331.8 last week. The Dow Jones industrial average slipped to 876.11 from 902.83 a week earlier, with AP Wirephoto accompanying the story.
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