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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 19, 1966
Page
2
Quotations compiled by the NASD at about 10 36 a m today show bids as representative inter dealer prices not including retail markdowns or commissions. Ask prices have been adjusted upward to include approximate mark up.
United Merchants and Shelby Mills Inc have agreed in principle for Shelby Mills to be acquired by United Merchants. Merwin R. Haskel, president of United Merchants, said details will be disclosed after stockholders review later this month. The mill, with 432 looms and 475 employees, will remain at its current site and under current management.
Wachovia Bank directors elected Kenneth Ingram assistant vice president and four others as assistant cashiers at the High Point office. They approved a merger plan with Bank of Ahoskie, set a June 10 shareholders meeting, and declared a 17 1/2 cent quarterly dividend.
A fragmented market note shows mixed moves in stocks with emphasis on industrials and rail bonds. Higher grade bonds and second-tier issues appear weaker while public utilities and untapped sectors receive attention amid uncertain demand.
North Carolina will have considerable cloudiness in the west with scattered showers mainly in the mountains and a partly cloudy east portion. Lows tonight 50s to 60s, warmer tonight and Wednesday. Temperatures Tuesday through Saturday near normal to slightly above. cooler later in the week. Asheville 69 44. Charlotte 74 49. Columbia 79 53. Charleston 79 54. Precipitation total one third to one half inch, showers mainly around Wednesday and Thursday.
Authorities hunt a 6 foot 2 inch, 200 pound gunman who robbed the Banking and Trust Co. in Princeton using an overnight bag. The heist at 12 20 p m ended when the fire siren nearby rang out for a grass fire. The bandit fled in a 1965 red Chevrolet sports coupe, with a mask later found tossed from a speeding vehicle. Police described the suspect as a black clad man in his 30s. Roadblocks were set up but the man possibly slipped away via back roads. The bank was closed for audit as the investigation continued. Princeton sits about 12 miles west of Goldsboro.
Dr Lorand of Downstate Medical Center notes Americans pursue achievement and security for a competitive society while externalizing worries. He contrasts the American habit of expressing troubles with the British stiff upper lip, describing Americans as restless, active, and elastic rather than stiff.
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