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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 06, 1967
Page
4
Vick Paint Co completed its move to a new Church Street facility after 29 years at the Wrenn and Commerce site. The building houses Starnes Art Co in the first block off Main, owned by Byron Starnes, Ralph Starnes’s son. Bruce Weavil serves as manager of the paint store.
Penn State Business Dean Ossian MacKenzie launched an executive in residence program, inviting Bruce Wiesley of American Can and James Victor Jones of Armstrong Cork to teach and consult. The program aims to bridge academia and industry, with executives working long days to shape courses and topics, notably marketing procedures aligned with truth in packaging debates. A third executive may join soon as schools study the concept.
A. W. Stamey, veteran furniture industry journalist, joins Southern Furniture News as associate editor. Publisher Glen C. Butler announced the hire after Stamey spent 25 years reporting on manufacturing and merchandising in the trade. He previously led the High Point bureau for Home Furnishings Daily and worked with Fairchild publications.
Trade Winds report notes analysts favor chart action despite CFA tags and earnings focus. Investors, mutual funds, and institutions increasingly blend chart analysis with fundamentals while some bankers call it speculative crap and insist earnings drive values.
Quotations from the NASD are representative Inter-dealer prices of approximately 3:30 Thursday. Inter-dealer markets change throughout the day. Prices do not include retail markup, markdown, or commission.
Gerald W Medlin is appointed sales manager for the North Carolina Virginia region of Borden s Southeastern Division He will coordinate sales and merchandising for Borden milk and ice cream plants across North Carolina Medlin a Kan napolis native graduated from Wake Forest University in 1962 and joined Borden later Eckerd Drugs reports first quarter sales of 10 927 000 for the current fiscal year ending July 1 1962.
Ray Hubbard notes earnings comparison with last year at 8,877,000 and declares a 50 cent per share preferred stock dividend payable Aug 31 with record Aug 17. Common stock receives 17 cent per share dividend up 2 cents from 15, record Aug 17. Robert W. Lear named president and COO of Indian Head. James E. Robison becomes chair of the board and remains CEO. Royal Victor named chairman of a new executive committee. Wayne L. Price among 485 banker students at UW Madison School for Bank Audit, Control, and Operation July 31-Aug 11. Prudential High Point reps attend regional conference in Denver Aug 6-9 for insurance training.
In Asuncion Paraguay the government bans Beatle style haircuts for boys citing masculine virtues. Police say several arrestees in the capital will be released after a barber trims their hair to standard length.
Britannica notes Hadrian's Wall in Britain marked the empire frontier. The stone barrier runs about 73 miles and was built by order of Emperor Hadrian under Governor A Plautius Nepos from AD 122 to 126. Romans evacuated the wall and its fortifications around AD 383.
An eight-foot python escaped the zoo in Subotica Yugoslavia sending lovers through the city lanes and disrupting nearby gardens and restaurants. Officials posted a 16 dollar reward for the return of the snake.
A Singapore customs official reports marijuana smuggling from Indonesia rose after trade ties resumed last year. He notes 1000 pounds seized in 1966 versus 117 pounds in 1965 and 34 pounds in 1964.
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