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High Point Enterprise in High Point, North Carolina

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Dec 03, 1964

Page

2

Stock Market Rally After Bank Rate Curb Boosts Shares

New York midday update shows the market recovering from a six-session decline as prices rise after First National Bank of Boston rescinds a prime rate boost. The Dow up 5.11 to 872.27, AP index at 325.0, with gains in steel, motors, airlines, and various blue chips amid moderate trading.

New York First National Bank of Boston Johnson Motors Jones & Laughlin U.S. Steel Republic General Motors Chrysler Associated Press Dow Jones Comsat New York Stock Exchange Xerox Sears, Roebuck Montgomery Ward United Aircraft General Dynamics American Telephone Eastman Kodak U.S Chesapeake & Ohio New York Central Pan American World Airways American Airlines Eastern Air Lines American Stock Exchange Dennison Manufacturing Draper, Insurance Co North America Rollins Broadcasting Savoy Industries Colt Indust Cinerama PacGee Pac_ Petrol xia ConEdis Pact&t Penn Dixie Nid GuifAm Ld Pennzoil CrowColl Phil Rdig Mackey Air PhilMor Crown Cork Crown Zell Va Mead John Cruc Cice Pirate PkMng M Polaroid Ve Carter Proct&g Ajric Giardo Ain Dan River Wien DeltaAir Ravatle Webb & Knapp DenRioGw Rayonier DetEdis Raytheon duPont Rohr Corp BynamCo Royal McBee Ryder Syst Safeway EastKo Stros Et & Music Va Ees Eipasong Emersone Scherng EmerRad Venee Schick ErleLack EvansPd Evership Searigd Seeburg Fedd Feddstr Sinclair Filtrot Smithk Firesine Soucaie Act Securities South Ry FMC Corp Sperry GenEiec StauffCh Gen Foods Stevens Swift Co GenTel Él Ce GenTire Tenn Gas GaPacific Tex GuifProd Gillette Texgsui Gienaiaie GraceCo Amer. Fid Amer. Furn. Co Carolinas First Union Bank Gulf Life Ins Fist Gulf Cilia Harris-Teeter Ucarbid York Stock Exchange Jefferson Life Hanna Cola Halliburt Lance, Inc Life & Cal. Ins Airett ABC Con Hewlett General Stores In. C. National Bank Ad Millis Alta Piedmont Aviation Admiral Va Moust LP Ugseren Waenne Air Red Howe Saan i Aico Us Indust W Pyramid Life ingerRand Smet Liniand US Steel All T&t Teckibr VaeiPw Aexpor JonnsMany Walworth Co Ariome KayserRo KernCia Kerr Mc Whitem Kirk Nat KimbClark Koppis Tshwinndix AMP Inc Kresge Kroger Ashi Loren Nie Lau Las Zenith Atchison Aticline WiLionel Corp Littonin AuiRef Atlas Co Avco Corp Lora Corp BabcockWil MackTrk BeechAir le Bell Magmac Bendix Ihearathon Merck Merritt Brunswick MGM BucyEr Bullard Bulova Burland Burroughs Monsen Cal Fins Mont Ward Callanm Vel Morrell Co ChiMil NorNetGas Norther NorPac Zia

Woman Held For Violating Probation In Kidnaping Case

Joyce Kaye LaFevers 22 of Kannapolis was arrested in Kannapolis North Carolina for violating probation soon after release from Anderson County jail on a kidnapping charge. Stacey Laverene Bigham 25 remains jailed in lieu of further confinement. The notices also mention heroin and amateur radio origins.

Kannapolis N. C Joyce Kaye LaFevers Ney Anderson S.C Miss LaFevers Anderson County Grady Steen Stacey Laverene Bigham Noa Concord

Interest Rate Hike Rescinded by Boston Bank

The First National Bank of Boston moved to lower its prime rate after President Johnson urged restraint on rate hikes to avoid chilling economic growth. The change followed similar moves by Citizens & Southern National Bank of Atlanta and Union Bank of Los Angeles, while the Fed had raised its discount rate earlier.

Boston First National Bank of Boston Johnson Boston Bank White House Citizens & Southern National Bank of Atlanta Union Bank of Los Angeles New York City Federal Reserve Board First National of Boston Federal Reserve Business Council Great Britain Britain U.S

Brezhnev Denounces Congo Landing and Viet Nam Aid

Moscow reports Brezhnev denounced Western paratroop landing in the Congo and said the Soviet Union is prepared to aid North Vietnam but offered no direct intervention pledge. He also condemned NATO’s proposed nuclear force and reaffirmed Cuba policy while noting tensions with China.

Fred W. Coleman Moscow Leonid I. Brezhnev Communist Party Congo Soviet Union Viet Nam Kremlin Brezhnev Tass Antonin Novotny Brezhnev Opuie West Germany Red China Sementy Shcher Cuba Provoce Ee Caribbean

Two Convicted Of Conspiracy To Commit Espionage For Reds

In Newark a Soviet chauffeur Aleksei P Kosikov. Amerl can electrical engineer John W Butenko were convicted by an eight woman four man federal jury of conspiring to relay secret Air Force information to the Soviet Union and to register as foreign agents. Butenko faced possible death with sentencing by Judge Anthony T Augelli not yet scheduled. Ivanov faced bail confinement at $100000 after the Soviet Embassy posted the bond for his release pending trial.

Newark N.J U.S. District Court Anthony T. Augelli John W. Butenko Igor A. Ivanov Butenko Ivanov Soviet Union State Department Michilena M. Deluca Hudson County New York Pan Angelli New York City Aleksei P. Kosikov New Jersey Englewood

McCloskey Testimony Faces Conflicting Senate Allegations

Reynolds charged he acted as bag man for Baker and McCloskey in a kickback scheme tied to a Washington stadium bond. McCloskey denied knowledge as Baker refused to answer, while Stewart claimed double billing and missing funds in a deal for Reynolds' insurance brokerage.

Stewart McCloskey Ireland Reynolds Baker John J. Williams Senate William K. Stewart Reynolds and Reynolds’ Insurance Company Nclde Stewa McCloskey Company John Sherman Cooper R Ky Bill Reynolds Mae Nym Ag Ae Enema Sen Cooper

Sam H. Stept Dies at 67, Songwriter in New York City

Sam H. Stept, 67, a New York City songwriter, died Wednesday from a heart ailment. The Hollywood AP report notes his longtime contributions to popular music.

Sam H. Stept Hollywood New York City

Major Electric Firms Form Carolinas Virginia Power Pool

Four major Southern electric companies created the Carolinas Virginia Power pool with a 4.4 billion budget to serve 2.3 million customers across North Carolina South Carolina Virginia and part of West Virginia. The plan includes 44 million kilowatts of new generating capacity and 3100 miles of high voltage lines with costs and benefits shared equitably.

Charlotte N.C Southern Electric Carolinas - Virginia Parr S.C

Bombing North Vietnam Aims and Doubts in Vietnam War Debate

The article surveys views on widening air attacks into North Vietnam to blunt Viet Cong supply and infiltration. Officials differ on effectiveness, with some arguing North Vietnamese industry is vulnerable and could halt the war, others noting limited impact on the South and challenges in stopping infiltrators.

North Viet Nan Hanoi Pentagon State Department South Viet Nam Washington United States North Viet Nam Viet Cong Pe Cong Ny Ae

Campus Protest Leads to Locked Doors and Possible Arrests

Students climbed ropes into the hall to join a protest as campus police lock doors Wednesday night. About 1,000 crowded the hall, many left after orders to evacuate, while those remaining refused to disperse and stayed through the night. Alameda sheriff, State Patrol, Berkeley and campus police prepared to clear the building and arrest occupants. Chancellor Strong urged immediate dispersal amid silent rejection.

Alameda

Lao defense minister cites North Viet Nam forces in Laos

Laos defense minister reports 20 000 North Vietnamese troops in Laos within five divisions. He says the Ho Chi Minh Trail runs from Vinh to Laos with supply routes via Mu Gia Pass and Tchepone Muong and Attopu providing key points for the trail.

North Viet Nam Khiem Vinh Laos Mui Gia Pass Tchepone Muong Nung Attopu Beta Oe Van Chi Minh Trail Viet Nam Savannakhet

Also Mentioned on This Page

Business and Financal Vlows Stock Market Report Aan Stock Exchange Ieate Followrg D London Fon. L. Yo Neon Thurs NEW York (Ap Reds Farm Pool
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