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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 03, 1966
Page
4
Piedmont Aviation reports 1965 earnings of 1,703,770, 94 cents a share, up from 72 cents in 1964, with sales of 493,672,000 and 6,412,855 in earnings. Book value rose to 4.66 per share, and the company paid semiannual dividends while planning continued production growth.
In Germany a bedroom revolution takes place as couples move from two separate beds to one French style bed. Sales rise in Frankfurt stores offering French beds and English divans. Travel abroad and modern style motive the trend, yet traditional dividers linger in some homes.
The AP reports in early 1966 the economy grows while inflation fears rise. President Johnson hints at a possible 5 to 7 percent tax increase and calls for restraint on capital spending. Stocks slide as markets react to potential tax and inflation measures. Business leaders are urged to curb capital outlays while promising to review plans. Major firms announce price increases ahead of possible policy actions.
The page compiles interdealer stock quotations and market prices from National Life and Virginia associations, listing insurers banks utilities and manufacturers such as Central Telephone Piedmont Natural Gas Western Power & Gas Wachovia Bank and various textile firms. Readings cover bid and asked prices, with markup and commission adjustments noted.
Stocks slipped as February price rises broadened, with the Dow Jones 30 edging up to 931.29 from 929.95. Glass and appliance prices moved higher while major sulphur producers and concentrator makers boosted costs. Food prices surged, lifting the cost of living to 111.6 on the index, as a February rise outpaced the 1957-59 base. A strike by the Brotherhood of Locomotive Firemen and Enginemen against eight major railroads disrupted transport. a federal court ordered an end to the walkout. General Motors reduced work on several plants. car output dipped to about 205,000 in the week, though second-quarter assemblies were planned near 2.56 million. Steel output fell from the prior week after two months of gains.
Washington AP UNC will use a 144,758 grant from the U S Office of Education to reactivate a television station on channel 17 at Linville North Carolina. The project includes an antenna tower and transmitting equipment costing about 289,516 and will join a regional educational network with WUNC TV Chapel Hill and other stations in Columbia North Carolina and Asheville.
A large multi plant corporation in High Point North Carolina seeks a qualified plant accountant aged 25 to 30 to assist the divisional controller. The ideal candidate has experience in standard cost general accounting and month end closing. College degree preferred but not essential. Growth potential. Send resume with salary requirements to Box X 40 care of the paper.
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