Market Rises Moderately as Traders Digest Fed Move
In New York the stock market inched higher amid active trading led by low priced issues, aerospace defense stocks and airlines. The rise follows a sharp selloff after the Fed boosted the prime rate. Government data show business spending on plant and equipment to rise near 1985 levels next year. Chain stores report brisk early Christmas buying. dividends and special distributions are noted in the accompanying footnotes.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Senators on India Pakistan fact finding tour visit Punjab
U S Senate group led by B Everett Jordan of North Carolina travels through New Delhi and Punjab amid illness in the party. Senators Lausche More Prouty Hartke Burdick Domi nick tour an agricultural development site and a forward Indian Air Force Base about 200 miles northwest of New Delhi while planning to visit Pakistan Saturday.
MENTIONED IN THIS ARTICLE
New Delhi
India
U.S
B. Everett Jordan
D-N.c
Frank J. Lausche
Dohio
Wayne More
D - Ore
Winston L. Prouty
R-Vés
Vance Hartke
D-Ind
Quentin
Optimists Hold Annual Yule Party
The High Point Optimist Club honored L. H. Baker for service at a Christmas party in the Sheraton Hotel ballroom. Alton Munn spoke and announced the club’s co sponsorship of the Youth Council with the City Parks and Recreation Department. Guests included Mr and Mrs Donald Field Mr and Mrs H M Daniels Mr and Mrs Stephen Thornton Mr and Mrs Burdette Williams and Mr and Mrs Ira Humphries. New members Fred Jones Coy R Kiziah and Samuel L Caskey were introduced.
MENTIONED IN THIS ARTICLE
High Point Optimist Club
L. H. Baker
Sheraton Hotel
Mr. Baker
Alton Munn
City Parks and Recreation Department
Donald Field
H. M. Daniels
Stephen Thornton
Burdette Williams
Ira Humphries
Fred Jones
Coy R. Kiziah
Samuel L. Caskey
North Carolina forecast fair and warmer prospects
The forecast calls for generally fair weather across North Carolina today tonight and Thursday with a warmer trend. Temperatures range from highs in the 50s in the mountains and 56 to 62 elsewhere and lows around freezing tonight.
MENTIONED IN THIS ARTICLE
North Carolina
Court Orders Furniture Plant Sold in Bankruptcy Rush
A U S District court order directs sale of the Von Canon furniture plant at Whittier to satisfy creditor claims including the SBA. Judge Wilson Warlick signed the order filed Monday with sale to be completed within 90 days from December 1. The Jackson County plant, opened July 1964 near Whittier, never produced and bankruptcy followed November 1964. ownership by Paul L. Von Canon of Moore County.
MENTIONED IN THIS ARTICLE
Asheville
von Canon Furniture
Whittier
Gale
Small Business Administration
Wilson Warlick
Jackson County
Paul L. von Canon
Moore County
Sylva
Education Compact Idea Gains Momentum Across States
New York AP report notes support and misgivings as the Inter state Compact on Education nears reality. Critics warn of centralization while backers say it creates a repository of information. decisions remain local. Governors Chafee Harrington Rockefeller Sanford attend luncheon as planners push annual meetings, policy recommendations, and education information clearinghouse aims.
MENTIONED IN THIS ARTICLE
New York
Richard J. Hayes
New Jdersey
Elvis J. Stahr
Indiana University
James B. Conant
Harvard University
North Carolina
Terry Sanford
Conant
John H. Chafee
Rhode Island
University of Wisconsin
Fred H. Harrington
Wendell H. Pierce
Cincinnati
Nelson Rockefeller
Sanford
U.S
De Gaulle Announces Run in Runoff for Presidency
President Charles de Gaulle said at a weekly cabinet meeting that he will run in the December 19 run-off for a new seven year term. Alain Peyrefitte announced the decision after the meeting. De Gaulle won 44.63 percent in the first round, facing Francois Mitterrand who had 31.71 percent, with support from Socialists, Communists and part of the Radical Socialists.
MENTIONED IN THIS ARTICLE
Paris
Charles de Gaulle
de Gaulle
Alain Peyrefitte
Francois Mitterrand
Mitterrand
Socaalists
Durham strike ends as workers vote to return
Durham AP reports striking non academic employees of the city schools ended their four week walkout by vote but no jobs awaited them. Cafeteria workers janitors and maids were replaced and unions failed to secure a 1.25 minimum pay or dues checkoff. Civil rights leaders planned to call off a downtown boycott. County budget actions held any pay upgrades for 1966-67.
MENTIONED IN THIS ARTICLE
Durham
Annabelle Setph
City Schools
City School Board
Rehearsal Staged Chance for Early Gemini 6 Launch
At Cape Kennedy a ground rehearsal for the Gemini 6 launch was set to start after noon after replacing a faulty computer. A space agency spokesman said there was an outside chance Gemini 6 could launch Sunday, a day earlier than planned, with a latest deadline Friday Dec 17 if new issues arise. The Gemini 7 crew, Frank Borman, James Lovell, and astronaut Frank the? entered their 50th orbit at 9:35 a.m. EST.
MENTIONED IN THIS ARTICLE
Space Agency
Church Cooperation Predicted By Ecumenical Council
Non Catholic American religious leaders praised the Vatican Council for opening channels of communication and strengthening the ecumenical movement. They said the council moved Catholic policy toward greater openness and fostered unity, cooperation, and reform across Christian churches.
MENTIONED IN THIS ARTICLE
Hai. Cooper
General Assembly
United Presbyterian Church
U.S.A
Billy Graham
Church of Rome
Nelson Glueck
Hebrew Union College
Cincinnati
Robert Dodds
Christian Unity
National Council of Churches
Weather summary from Associated Press
The sun will set today at 5 05 p m and rise tomorrow at 7 19 a m according to the Associated Press.
MENTIONED IN THIS ARTICLE
THE
Associated Press
House Committee Begins Reapportionment Work in Raleigh
RALEIGH AP A 16 member House Committee on reapportionment gathered in Raleigh to lay groundwork for redrawing the General Assembly and congressional districts on a population basis. A special session to realign districts will begin Jan 10. Reps W J Lupton and R B McMillan attended in advance and voiced cautious optimism and regional interests. The Senate committee will meet Thursday. Governor Dan Moore announced the legislature would convene to comply with federal court orders.
MENTIONED IN THIS ARTICLE
Raleigh
House
General Assembly
W. J. Lupton
Hyde
R. DB. McMillan
Robeson
McMillan
Lupton
Senate
Dan Moore
Klan Case Judgment Continued in Guilford Court
Ku Klux Klansman E. H. Hennis saw a two year prayer for judgment continued after pleading no contest to assault and malicious damage to property. Earlier he pled innocent before Judge John Mc Laughlin. He was charged with assaulting Kenneth Zoeller and damaging Henry Wayne Sink property. Two teenagers testified a car with Hennis and two men fired shots as they fled. Hennis ordered to pay Sink 250 dollars.
MENTIONED IN THIS ARTICLE
Greensboro
Sink
Hennis
Lewisville Boy Killed On Bicycle
A Lewisville youth, 11, Charles E. Clarke TI, died when his bicycle was struck by a car driven by Ray mord Quesenberry of East Bend as he rode to school. The driver said sun glare blinded him at the hilltop, preventing him from seeing the rider.
MENTIONED IN THIS ARTICLE
Winston- Salem (Ap
Charles E. Clarke TI
Lewisville
Winston-Salem
State Highway Patrol
Raymord Quesenberry
East Bend
Sun
California minister testifies in Selma attack case
Rev. Clark Olsen of Berkeley testifies he was struck on a Selma street last March by one of three white men on trial for the cubbing death of Rev. James Reed of Boston. Olsen identifies Elmer Cook as the attacker, but cannot confirm the other two defendants. Orloff Miller of Boston corroborates Reed’s associates’ presence the night of the assault.
MENTIONED IN THIS ARTICLE
Selma
Ala
California
James J. Reed
Boston
Clark Olser
Berkeley
Calif
Reed
Olsen
FBI
Elmer L. Cook
William Stanley Hoggle
Orloff Miller
Cook
Hoggle
Namon O’neal Hoggle
Virgil M. Ashworth
Hoggles
Joseph T. Pilcher
Viet Cong Offers Yule Truce Period
Viet Cong proposes a two hour Christmas Eve truce from 7 p.m. to 7 a.m. across South Vietnam to allow celebrations. The Liberation Radio broadcast says no attacks if both sides refrain, with conditions on carrying weapons and avoiding espionage. If exploited, they warn they will defend themselves.
MENTIONED IN THIS ARTICLE
Saigon
South Viet Nam
Viet Cong
Liberation Radio
Viet Cong Armed Forces Command
Assinibola region covered today Manitoba Ontario Minnesota and North Dakota
The term Assinibola or Assiniboia referred to a vast historic area spanning parts of present day Manitoba and Ontario in Canada and Minnesota and North Dakota in the United States, reflecting a broad, shifting territorial concept rather than a fixed modern boundary.
MENTIONED IN THIS ARTICLE
Manitoba
Ontario
Minnesota
North Dakota
ABC And ITT Agree To Merge
ABC and ITT announce a merger creating a $1.8 billion communications group. The boards approved a stock exchange of $350 to $400 million with federal and shareholder approvals required. LT&T and ABC would retain autonomous operations under ITT, with LT&T assets over $1.5 billion and ABC assets around $228.6 million.
MENTIONED IN THIS ARTICLE
NEW York
American Broadcasting Companies Inc
International Telephone & Telegraph Corp
Harold S. Geneen
Lt.&t
Leonard H. Goldenson
ABC
Reach Company
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Court Orders Furniture
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AP Aerospace Winter
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House Committee
By Don McKee
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