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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 03, 1969
Page
2
A brief market digest notes cautious momentum as investors weighed earnings and guidance from several large firms. Traders monitored index direction after a volatile session, with gains led by technology and consumer discretionary shares while financials drifted.
Athens speculates that Egypt may offer to exchange the El Al passenger plane hijacked by two Arab gunmen. The New York Stock Exchange rallied on news while Greek authorities held the hijackers and pursued the case. The Associated Press reports a broad market uptick and ongoing regional tension tied to the Athens incident.
NCNB Corporation posts record 1968 operating earnings of 8.733 billion, up 20.1 percent from 1967. Earnings per share rise 19.6 percent to 1.51. North Carolina National Bank reports all time highs in deposits and total assets with year end deposits of 1.112 billion and assets at 1.275 billion.
Wachovia Bank and Trust reported 1968 averages of deposits at 1.15 billion with year end totals of 1.32 billion. Loans averaged 14 million and securities 338 million. Resources averaged 1.43 billion, up 135 million year over year. Interest paid to savers topped 25.92 million, up 17.2 percent. Net earnings after taxes were 14.97 million, or 2.87 per share, up 12.5 percent from 1967.
AP report lists Dow Jones averages and bond figures with day to day changes and prior week numbers. Highlights include industrials transport and utilities sectors with highs and lows, plus bond yields and regional indexes for New York trading.
Fidel Castro’s Havana rally marked the 10th anniversary of the revolution and signaled closer Cuba Soviet ties. He praised Soviet support while acknowledging past friction, detailing sugar rationing and ongoing economic strains as Hong Kong flu and hijacking news punctuate a tumultuous year.
Fireworks from Fairbanks on page 1-4 today during communion at Hawfields Presbyterian near Haw River in Alamance County and a Raleigh trip after service. Gov candidate Scott, a Haw River dairy farmer, prepares for a two week General Assembly start with likely school and highway funding fights and a veto power debate. Reginald Hawkins and Jim Gardner are also noted in the NC gubernatorial race, with Gardner mounting a strong bid in November.
Robert J. Hinkle a 21 year old with a mental age of about 10 faces military exams as his parents press to keep him from Vietnam. His mother cries for safety and his father says the Army gave them the runaround for seven months. The boy was to ship from Oakland to Vietnam but is sent to Ft Lewis for tests after Army rejection of a mental disability discharge.
In remarks cited as a campaign pledge Scott pledges to build a united community free of fear and extremism. He vows an open administration with responsive state officials, direct information flow, and a government of, by, and for the people while urging action and progress.
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