Market gains as Burns letter boosts rate outlook
AP By CHET CARRIER NEW YORK Stocks rose sharply on upbeat comments from Fed Chair Burns on interest rates and the economy. The noon Dow climbed 9.55 to 816.57 as Polaroid led Big Board gains and Consolidated Foods forecast respectable earnings. NYSE composite rose .48 to 45.42.
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New York
Federal Reserve Board
New York Stock Exchange
Fed
Arthur F. Burns
Henry S. Reuss
House Banking Committee
Consolidated Foods
NYSE
High Point Enterprise Ad Rates and Delivery Note
The High Point Enterprise lists subscription prices for various terms and a home delivery note. It states mail subscriptions in North Carolina are subject to 4 percent sales tax and mentions Ware Griffith Company as the focal carrier for home delivery. The item is a standard newspaper masthead with pricing and distribution details.
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High Point Enterprise
Church Avenue
High Point
N.C
Associated
Parates
Associated Press
AP News
High Point Enterprise, Inc
Focal
Ware Griffith Company
National Advertising
Woman asked to pass husband’s keys so they’d throw them out
A Continental Airlines flight preparing to depart El Paso was interrupted by the captain asking over the PA if a certain woman was aboard. If so she should hand over her husband’s keys to the car and they would be thrown out the window, allowing the husband to go home.
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EL Paso
Tex
Continental Airlines
Utilities merge fuel charge into base rates in North Carolina
The North Carolina Utilities Commission ordered the fuel adjustment charge merged with the basic rates of CP&L Duke Power and VEPCO starting September 1. The change keeps bills similar to July levels, with hearings possible for future adjustments as fuel costs vary. Deputy Atty. General Lake criticized the decision and plans to appeal.
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Raleigh
State Utilities Commission
Carolina Power & Light Co
Duke Power Co
Virginia Electric and Power Co
General Assembly
Cp&l
Duke
Vepco
Commission
Marvin R. Wooten
Atty
Beverly Lake Jr
Lake
Ingram Cuts North Carolina Auto Collision Rates
North Carolina Insurance Commissioner John Ingram ordered reductions in auto collision insurance rates for safe driving. The changes, coming Tuesday, cut costs for young men but raise rates for young women and new drivers with added surcharges for violations. The move targets collision coverage while liability insurance remains required by law.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
John Ingram
Ingram
Quiet Golf Fight Ends With Fracture In Maryland
A quiet two foursomes golf outing on Northwest Park course in Silver Spring Maryland turned violent as a lead group and a trailing group clashed over play through. Leonard O Dell Sr of Wheaton and others sustained injuries as golf clubs were used as weapons. Police said no charges were filed and the investigation continues.
MENTIONED IN THIS ARTICLE
Silver Spring
Park Public
Washington
Leonard O’dell Sr
Wheaton
Maryland Park
Charlotte Hit by Heavy Heat Wave Flooding
In Charlotte low areas saw up to four feet of water that turned streets into torrents. Cars stalled, manhole covers floated, and residents sought higher ground on rooftops. Charlottetown Mall suffered major damage as 20 inches of roof water burst through, flooding 44 stores. Duke Power cut service to over 4,000 customers as cool air shifted in, ending a week of extreme heat. schools planned early closings amid 97 degrees in Goldsboro and 94 at Cherry Point.
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Charlotte
Charlottetown
Polish women conquer Gasherbrum 3 peak
A 14 member Polish women's team conquered the world's highest unclimbed peak Gasherbrum 3 in Pakistan. Officials said the assault was made Aug. 11 to celebrate International Women's Year. The team was led by Wanda Rutiewicz. No other details were immediately available.
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Islamabad
Pakistan
Wanda Rutiewicz
FTC targets funeral industry overcharging and bait tactics
The FTC describes deceptive practices and high costs in funeral services, urging a trade rule and detailing a consent agreement with Service Corporation International. SCI would refund overcharges across 139 homes in 16 states and DC since 1971, covering crematory services and marked-up charges for unlocated customers.
MENTIONED IN THIS ARTICLE
FTC
Service Corporation International
Washington, D.C
SCI
Funeral Home Chain
California
Colorado
Connecticut
Florida
Lee Illinois
Kansas
North Carolina
New Jersey
New York
Tennessee
Texas
Washington
District of Columbia
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