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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 20, 1966
Page
2
New York stocks fall across sectors with aerospace electronics and office equipment weak. The Dow Jones average drops 6.24 points in early trading and trims losses to 2.45 points by noon at 870.54.
The text shows an American Exchange stock glossary with notes on ex dividend and ex distribution definitions, cash value estimates, and footnotes for regular versus special dividends. It references dates around 1964 to 1966 and discusses declarations, payouts, and terms like ex dividend and ex distribution.
The South Carolina Senate set 5 p.m. today for sine die. it approved a liquor referendum to let voters decide in November. A separate committee backed raising juror literacy requirements to six years education. the House also passed a workers compensation bill raising benefits from 35 to 50 dollars weekly and death benefits to 12,500 dollars.
NAS NCAR seeks to purchase the radio station from owner James B. Childress with J Archie Laney of Mt. Dora Florida and David A Rawley Jr a native of High Point involved in the deal. The filing outlines plans to operate the station under new ownership.
In Los Angeles a bandit who robbed the Marina Savings and Loan Co on Thursday took $1000 but lost all, leaving investigators puzzled by the failed scheme and the tiny haul.
A personal finance column urges buying a small life policy and creating a will. It cites a poll showing 29 percent of lawyers lack wills and warns how dying intestate can leave a widow with scattered assets, unpaid debts, and delayed inheritance.
Mark A Lolatie, general manager of the Fidelity Division of The Singer Company, announced a major employment reduction at the Fidelity plant as the HV line of two and four feed hosiery knitting machines is discontinued. About 100 will be laid off. LB MF LBMD seamless knitters skein reelers and hose reinforcement machines will continue at High Point with some staff transferring elsewhere. The company will maintain a parts and service department here while R&D focuses on a new knitting machine line expected to boost High Point output when ready.
An inquest into the death of a Negro motorist shot by a police officer sparked unrest in South Los Angeles. Police report a single white vendor injured, identified as Ward Neeley, who claimed he was beaten by a gang of Negroes and shot at as he fled. Officers could not confirm a shot was fired. Neeley was shot May 7 while driving his pregnant wife to a hospital.
The third day of the Legislative Assembly heard an ecumenical relations commission describe amazing growth in cooperative work. Mutual consultations are taking place at numerous levels of interest in Christian art, drama, youth work, new patterns of missions, and biblical translation. Action is not expected until near the close of the session.
The Associated Press reports ambulance services fear wage and hour rules, noting July Medicare changes may force undertakers to raise driver pay to federal minimums and keep ambulances on call 24 hours. North Carolina undertakers cite operating at a loss and public service as barriers to higher wages.
The National Science Foundation awards North Carolina State University 3.55 million dollars to add 25 new engineering members and 11 biomathematics faculty, plus equipment and technical support. The grant, the university’s largest, funds nine biomathematics faculty and a specialized computer, with potential two more years of support. Dr. John T. Caldwell says NSF recognizes NC State as a leading institution for advanced programs.
New York AP reports cotton futures opened with no trades recorded as the market began trading activity.
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