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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Sep 26, 1956
Page
2
New York stocks opened lower and slid further as worries over tight credit and the Suez Canal weighed on sentiment. Leading issues fell about 2 points or more while total volume neared 2.5 million shares with many sectors including coppers oils and aluminums posting declines.
The Dow Jones averages show mixed movement with figures for industrials and rails listed. The data includes utilities at a different level and overall stock totals with volume figures around 920000 to over 2 million.
At noon cotton futures fell 80 cents to 175.30 while industrials down 1.40, rails down 0.70 and utilities down 0.10. The 1 pm list from Bache & Co. updates American Can to 40, Allied Chemical to 96, Bethlehem Steel to 161, Chrysler to 71, DuPont 193, General Electric 57, U S Steel 45, Westinghouse 53, and other major shares with varied percentage changes across firms including Exxon, Procter & Gamble, Reynolds Tobacco and Goodyear.
Henderson crowds urged to keep fighting racial integration in schools as White Citizens Council members lead a boycott at Weaverton school. The Henderson Ministerial Association asked parents to keep children in county schools, with only 206 of 870 white students attending and five Negroes present.
In New York the debate pits builders against bankers over cheaper credit versus higher costs. Government easing may spur housing, but builders warn mortgage rates could rise to meet tight money, slowing starts feared to be 200,000 below last year.
President Eisenhower questions why the soil bank costs taxpayers large sums and warns Republicans to blame if it is used for partisan purposes during an election year. He says the farm program relies on payments to retire land, claiming it mirrors old price depressing Democratic policies that have driven crop prices down since the war.
The trial lists eight defendants from the Boston area including Michael Geagan James Faherty Thomas Richardson Joseph McGinnis Henry Baker Adolph Maffie Vincent Costa and Anthony Pino. FBI Agent John Kehoe Jr testified detailing the Dorchester tenement arrest of Faherty and Richardson on May 16. He described Richardson fleeing to a bathroom and Faherty reaching for guns before being tackled.
Mrs. Miriam L. Beale testifies at hearings praising Roosevelt High principal Elva Wells for handling disciplinary cases and keeping the school running as integration raises challenges. She notes fourfold disciplinary problems and low overall scores, asserts teachers lack elementary training, and reports obscene language appearing on bulletin boards. A Board member, Wesley Williams, is cited accusing Wells of impeding integration.
The Corn Dance at Santo Domingo Pueblo in New Mexico occurs annually on August 4 and ranks among the state’s most spectacular summer ceremonies.
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