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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 26, 1966
Page
2
The 8 market extended its fifth straight session with moderate trading. The Associated Press average of 60 stocks at noon rose 0.4 to 325.0 as industrials gained 0.8, rails 0.1 and utilities 0.1 while profit taking trimmed some top performers.
NASD compiled figures at 10 30 a m show quotations for over the counter stocks with bids reflecting representative inter dealer prices and asks carrying approximate marks. The data notes exclude retail markdowns and commissions.
The table defines dividend terms and codes including annual disbursements, extra payments, stock dividends, liquidating dividends, and ex-dividend statuses. It lists letter designations for actions such as declared, paid, stock distribution, and warrants, plus notes on bankruptcy and foreign issues.
An ordinary family shows how saving $10 a week can grow to about $7,500 in stocks over ten years through dollar-averaging. Selling to fund college incurs taxes, but a child may tax free profit up to $870 with standard deduction and personal exemption, preserving nest egg.
An Associated Press survey shows 44 senators favor reducing US ground forces in NATO nations. Only 15 back Mansfield’s token one-division level, while many insist on maintaining treaty commitments despite France’s planned withdrawal.
Rep Basil Whitener reports a Social Security spokesman said there is no basis for claims that ambulance services by funeral homes will face tight restrictions when Medicare starts. The spokesman could not trace how the report began. Medicare takes effect July 1 and a Gastonia funeral director asked Whitener to check rumors of wage and hour limits and on call requirements for drivers and attendants.
Washington AP reports lawmakers confront a reversal attempt to restore 1.6 million small firm workers to wage coverage and resist an amendment delaying increases. The plan would raise the minimum wage from 1.25 to 1.40 next February and to 1.60 in 1968, with farm coverage and other sectors debated.
The 15 foot Puffin rowboat carrying English journalists David Johnstone aged 34 and John Hoare aged 29 was spotted about 10 miles off Cape Charles Virginia by the Coast Guard cutter Conifer. They planned to cross the Atlantic to St Ives England in under 55 days but southeast winds slowed progress.
Governors propose a South Atlantic Commission to study resources transport education and health for counties east of the fall line in North and South Carolina. A 25 member staff would be funded by federal and state governments for the first years, with eventual cost sharing. The plan would involve 45 NC counties and 28 SC counties, with aides and officials named for coordination.
Johnson and Nixon in late polls show undecided support. A September poll had Johnson at 61 percent and Nixon at a yet unclear level. The President defended inflation worries, noting price increases averaging under 1 percent yearly since 1960, compared with higher rates in Germany the UK France and Japan. He said he leads the effort to withdraw troops if South Vietnam fights among itself and desires U.S. exit.
New York AP reports cotton futures opened without any actual trades recorded, reflecting a quiet start to the trading session.
The Museum of Modern Art in New York welcomed Sophia Loren and producer Carlo Ponti to view a career retrospective. The show marks the museum's first exhibition centered on a reigning movie queen and features photographs spanning Loren's career.
On June 4, Senator Humphrey will deliver the commencement address at Shattuck School in Faribault Minnesota. Douglas age 18 will be among 65 graduates.
New York Mayor John V Lindsay announced a development corporation headed by D Clay a retired mayoral figure prominent in GOP circles The group would have power to borrow and lend money to aid small business owners and individuals seeking to start ventures in the city
New York Hospital announced the birth of the child of Charlotte Ford Niarchos, 24, daughter of Henry Ford II. The baby, a 7 pounder, is linked to Greek fleet owner and merchant family. The couple married in Mexico on December 16.
Mrs. Louis Ceraso, 63, showed improvement after sitting up in bed several times a week after an artificial ventricle was implanted at May 18 in Maimonides Hospital. The device reportedly relieved about half the pumping effort required from the heart.
President Tito received messages of support from across Yugoslavia and abroad as he marked his 74th birthday in Belgrade. Separately in New York, Mrs. plans a Hawaii vacation beginning June 5 taking her children Caroline and John Jr. plus two of their cousins.
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