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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 17, 1956
Page
8
The New York stock market advanced slightly in a quiet session with many issues up only marginally. Trading was about two million shares, with motors steels aircrafts oils coppers and railroads among the active sectors while Underwood announced a 25 cent dividend for the year.
The page lists Dow Jones averages furnished by Bache & Co with values around 494.18 495.22 492.60 for equities and details several stocks including American Can Allied Chemical Amoco Mills Corp Eastman Kodak Procter & Gamble General Electric Sears Roebuck Westinghouse Electric U S Steel and others with percentage changes and presence of various industrials and utilities in the market snapshot.
Cotton Noon prices were unchanged for the day, showing a 45 cent per bale drop from the prior close. July at 34.42, October at 32.88, and December at 32.95 reflect the current futures levels.
New York report outlines a plateau in overall US business activity with industrial output flat despite auto and factory drag. May could show a slight dip from early-year highs. housing starts and farm activity seen stabilizing after a long peak.
A farm revolt collapses following Ben Hower's veto of the first farm bill. Reported turmoil over wheat and corn funding ends as supporters discontinue protests and aisles quiet. unclear fragments mention corn shortages and political action.
Realty transfers list numerous property deeds in Point Township. Names include Ardenal Haney, J A Bateman Jr, F Hiatt Jr, Julia Browne, W S Smith, F W Smith, A Mill, M K Matthews, W Z Wilson, FE aa, Forshee, R D Bennett, Kirkman, C M Mendenhall, Edd Hall, Roy Brady, Paul Stanley, M Hedrick, J Curlee, Pine Valley Reed, EA Neely, J B Ameen, Mae McClendon, and Reed. Parcels include Welch Drive Baker Road Mann la Clifton College Governenen Co. land Headen land Pine Valley Wilk ing Elliott land.
The Cairo press reports Egypt accuses Israel of arming its forces while Western powers examine Red China and passures. Reports claim Egypt will sever ties with China's ambassador and note the involvement of the United States and Britain in approving arms for Israel.
Battle at Wounded Knee Creek in South Dakota on December 29, 1890, marked the end of all Indian wars for the United States.
News of Interest To Colored People lists events including a meeting at Hall on Petreet and a Catholic Bazaar on Kivett Drive. Alumni News reports Winston Salem Teachers College chapter activities, scholarship plans, and May 19 commencement events with Mrs. Boyd and others hosting at Kivett Drive. The Ladies Auxiliary of the American Legion meets Friday, and AMS RITES covers George Adams funeral with service Saturday at Hoover's Funeral Home.
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