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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 15, 1969
Page
2
The report notes changes to compensation payments rising in weekly amounts and duration. It highlights a new health protection plan for low income families beginning with prenatal care for mothers.
A hefty market rally followed mixed economic data as New York trading clocks industrials higher while investor optimism grows over potential peace progress. Major indices posted solid gains with Dow Jones, New York averages climbing. investors priced in brighter long term prospects and a strong session for a broad range of blue chips.
Johnson's budget figures show a brighter government financial picture for fiscal 1969 and the next year. The plan includes raising the surplus toll tax rate from 4.8 to 5.2 percent for both employer and employee and extending excise taxes on autos and telephone.
New York AP reports the Dow Jones noon stock averages for today, detailing overall market movement and notable shifts in major industrial and transportation issues. Investors monitor price levels and index changes amid trading activity.
A government forecast outlines a shift from an $8 billion 1969 deficit to a projected $2 billion surplus for 1969 and a $3.4 billion surplus for 1970. The move relies on strong economy, higher incomes, and a $6 billion federal spending cut, withSocial Security boosts and a surtax extension under consideration. Regional notes discuss weather, transportation funds, and North Carolina higher education spending and tuition changes.
Gerald W. Medlin is appointed sales head for Borden's North and South Carolina regions in the Southeastern Division. He will coordinate sales and merchandising for Borden Milk and Ice Cream plants across both states. Medlin, a Wake Forest College graduate of 1962, hails from KanRapolis and previously trained in High Point and Augusta, Georgia. He serves in the High Point Chamber of Commerce andFirst Presbyterian Church.
U S Marines and South Vietnamese forces tightened a cordon on Batangan Peninsula northeast of Saigon to trap an estimated 1900 North Vietnamese regulars. Rear Adm Behrens reported 2 Marines dead and 7 wounded in fierce fighting as troops sealed off escape routes, destroyed tunnel complexes, and rounded up 700 suspects for interrogation while 600 pounds of rice and flour were seized.
London gold price jumped 38 cents to a new all time high at 42.75 dollars per ounce on active but thin turnover. Dealers cited lack of sellers and strong demand as buyers sought to convert paper money into solid gold ahead of Nixon's budget and inaugural speech, amid policy uncertainty and expectations for future dollar moves.
A U S Army convoy northwest of Saigon fought an abortive ambush as enemy rockets fired at crews and 122 enemy soldiers were reported killed. Air and ground support from 3rd Brigade, 25th Infantry, killed and wounded several on the ground while bomber aircraft dropped extensive loads. Captain John H. Boles and officers described heavy fires and fires burning near a factory in a rubber plantation as bombs hit trees and surrounding areas.
The Redevelopment Commission awarded sale of 30 200 square feet on Hamilton Street to W P Harrison a Winston Salem developer for 34 400 Harrison will build an Employment Security Commission office on the site across Hamilton from Sears Roebuck and Co The land fronts about 160 feet with plans to advertise an adjacent 150 feet later Harrison sees the ESC building as fitting into the developing governmental complex and expects City Council approval tomorrow with federal approval already secured
A Winston-Salem Journal Sentinel and WBT Charlotte survey of 170 legislators shows 111 answered for WBT and 99 for Winston-Salem papers. Results lean toward revenue options including a possible sales tax increase, but many prefer proof of need before taxes.
RALEIGH AP State leaders consider a wide kindergarten funding plan to raise teacher salaries by five percent across the biennium. The proposal requests 1.1439 million for the program, hiring 460 additional teachers, and boosts for principals and program directors. It forecasts a $919.2 million budget pace, with potential new taxes to cover the rise. The plan, prepared under former Gov. Dan Moore and not reflecting Gov. Bob Scott's ideas, would begin in the next biennium and span two years.
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