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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 04, 1965
Page
2
New York AP reports the stock market opened weak as motors and steels weighed on early trading in 1965. The article notes activity picked up after noon with various dividend and distribution terms listed for reference, including ex-dividend and stock dividend distinctions.
Wilmington Delaware AP notes that penny which had an all time high of 117 traffic deaths in 1964 avoided highway fatalities during the New Year period. State police continued penny traffic enforcement headquarters regular traffic oe s.
Raleigh announces Rockwell Manufacturing Co of Pittsburgh has purchased a building in Raleigh to establish a cast steel valve plant, part of expanding operations and local employment prospects.
The firm will relocate its cast steel Edward Valve Division to a new site, formerly producing valves in East Chicago Indiana. Edward A. Loeser said about 16 people will be hired immediately as trainees in metalworking and machine shop work. The plant team will employ more than 200 persons.
Secretary of State Dean Rusk warns against reckless action in Vietnam and opposes expanding the war or immediate withdrawal. He favors persistence with no rapid settlement, saying South Vietnam can repel the Communists and stressing cool, prudent policy over rash moves.
A $50 250 textile machinery order was financed under a $5 million Alliance loan to the Central American Bank for Economic Integration CABEI. The financing supports private enterprise growth in member countries by enabling procurement and relending to private industrial firms in the Central American Common Market.
William B. McGuire president of Duke Power Co. in Charlotte is named to a three year term on the Charlotte Branch board of the Federal Reserve Bank of Richmond. The Franklin, North Carolina native is a Davidson College and Duke University Law graduate who joined Duke Power in 1933 as assistant general counsel. Manufacturer Fly-Back Sales Corp. has appointed Holderby Associates of High Point to manage its advertising with John Holderby as account executive.
Paul S Owen of High Point Raleigh insurance sales tops one million dollars in 1964 marking a second yearly million in a line dating to 1950. A High Point College graduate, he earned an MBA and an underwriter designation in 1953. Married to Agnes Louise Willcox of Greensboro, they reside at 312 Louise Ave with a son and daughter.
President Sukarno reportedly backs a new organization of emerging forces to challenge the United Nations. Indonesian opposition to Malaysia's UN seat and plans for a regional Unity-like bloc drew concern in Manila and among Afro-Asian nations as tensions rose over withdrawal from the UN and accusations of lingering colonial influence.
In Washington a predominantly Negro Mississippi Freedom Democratic party challenges seating five Mississippi representatives. The dispute follows demonstrations and party splits after the 1964 election, with Colmer Whitten Abernethy Williams and Watson named against. Freedom Democrats claim 95 percent of Black Mississippians were barred from voting.
Boston AP reports fires killed 11 900 people in 1964 and caused 1 67 million dollars in property loss. The death toll rose 100 from 1963 while financial losses fell short of the prior year's record.
Clinton P. Anderson met in the New Mexico Democrat's office Sunday and planned a legislative move to end debate. He would seek to amend the cloture rule so a filibuster could be broken by three-fifths of those voting, potentially 60 votes if all 100 senators attend.
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