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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 21, 1969
Page
24
The stock market fell mid day as investors reacted to a proposed repeal of the investment tax credit. The Dow stood at 922.72, down 2.10, with the AP index at 331.3, led by declines in industrials and rails. Ling-Temco-Vought and Loews Theatres slipped about 1 percent.
Summary of various stock dividend and ex rights notations including ex dividend and ex distribution marks, paid in stock, accummulative dividends in arrears, new issues, and warrants or rights waivers, with references to 1969 AP material on corporate actions and securities classifications.
Forecast indicates mostly sunny and warmer conditions across North Carolina with highs from 67 to 75 inland and 58 to 68 along the coast. Increasing clouds tonight with a chance of showers in the mountains and lows 45 to 55. Tuesday brings variable clouds and mild temperatures with a chance of showers, highs mid 60s in the mountains and 65 to 75 elsewhere.
Five day period from Tuesday to Saturday features much below normal temperatures. Daytime highs expected mostly in the 60s with nightly lows in the 40s and upper 30s in the mountains. Cooler Wednesday with gradual warming by week’s end. Rain totals 0.25 to 0.5 inches along the coast from showers Tuesday night, little elsewhere.
Daytime highs are set to range from 67 to 72 degrees in the mountains and other areas. Lows fall from 44 to 49 degrees along the coast. Expect a warm Tuesday, cooler Wednesday, and a warming trend later in the period. Precipitation should stay below half an inch, mainly on Tuesday.
Authorities investigate a house fire five miles east of Fairmont that killed three people. Victims are Lettie Hedgepeth in her 60s and grandchildren Robin Hedgepeth aged 3 and 18 months old Johnny Hedgepeth. Parents Johnny and Mrs Hedgepeth of Rt. 2 Fairmont were outside tending tobacco when the blaze started.
C William Baker Jr named account executive for Wachovia Insurance in Roanoke Virginia. Baker a Roanoke native and Virginia Tech graduate previously worked with Securities Insurance in Roanoke and Travelers Insurance in Richmond. He will handle all non life insurance coverage including fire auto group health and more.
Piedmont Natural Gas reports its highest 12 month operating revenues and net income for the period ended March 31. Net income rose to 3,493,196 on 43,607,378 in operating revenues with earnings per share at 1.70. Shareholders were sold yesterday.
Clarence Gordon Stillwell Jr., CPA of 1509-B Woodside Dr., has been elected a member of the American Institute of Certified Public Accountants. Stillwell is associated with the Dixon Hauser and Odom accounting firm.
Zayre Corp a national operator of self service discount stores approves a three for two stock split payable May 16 to holders of record April 28. The move expands the share pool to widen trading interest while Zayre builds a new Westchester Burton Street store and reports fiscal year earnings of 9.538 million versus 8.474 million prior year.
President Nixon designates Rep. Donald Rumsfeld of Illinois to lead the Office of Economic Opportunity and serve as a presidential assistant with Cabinet rank. The 36 year old Republican plans to resign his House seat after Senate confirmation and will earn a $42,500 salary. Nixon lauded Rumsfeld as a dynamic young lawmaker and noted the appointment as a major administration step.
Civil rights leaders announced a Raleigh picket of the state capitol and legislative building and planned a tent city to press demands ending capital punishment and expanding school desegregation. The Asheville to Raleigh march ended with Gov. Scott meeting marchers, while 450 National Guardsmen were ordered to Raleigh to prevent trouble.
President Nixon argues special tax preferences favor too many Americans and pledges to curb loopholes to cut inflation tax. He plans June reform proposals with revenue offsets, aiming for fair taxation while maintaining revenue. He seeks quick action by Congress and warns against repealing investment tax credits without safeguards.
Sirhan may delay pressing charges while defense funds are raised. None of his three lawyers or two investigators has been paid yet as expenses come from their own pockets and a writer royalties deal. If given a life sentence he could not be paroled for seven years and would be moved to Vacaville State Prison for solitary confinement with a separate shower and visitor cell.
L. L. Zamenhof of Poland devised the international language Esperanto and published his first book under the pen name Dr Esperanto meaning Dr Hopeful from which the language derives its name.
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