Wachovia Promotes Adams Names New Cashier Here
Wachovia announces J Roscoe Adams as Senior Vice President and head of the bank, with Adams to oversee deposits and operations. The bank reports record 1959 figures including resources of 658 million and loans of 323 million, up from 622 million and 286 million in 1958. Net earnings reach 5.93 million dollars, or 1.57 per share, for 1959.
MENTIONED IN THIS ARTICLE
Wachovia
Trust Company
Dean
J. Roscoe Adams
High Point
Ediran
Stock Market Edge Flags Cautious Trading In New York
The New York stock market declined early amid scattered resistance to the downdraft. Some steelmakers rose and a few motors advanced, but most pivotal stocks fell fractions to about two points. The Associated Press index was down 30 cents at noon, with industrials and rail shares mixed and trading volume temporarily improved before easing.
MENTIONED IN THIS ARTICLE
New York
Topour
Wall Street
Associated Press
Bache & Co
American Can Co
Allied Chemical & Dyce
American Tobacco Co
the Borden Co
Bethlehem Steel
Burlington Mills
Chrysler Corp
Wachovia Bank Directors Announce Staff Changes
Dow Jones Averages reports Wachovia Bank board reshuffle after a strong year. Adams elected senior vice president. Chester W. Gwyer becomes cashier at High Point office. J Harriss Covington named High Point board member. Miles J. Smith elected director. Dividend raised to 124 cents quarterly. record deposits and new North Office performance cited. President Watlington notes record service use and volume.
MENTIONED IN THIS ARTICLE
Adams
Chester W. Gwyer
High Point
J. Harriss Covington
Miles J. Smith
Carolina Rubber| Hose Company
Salisbury
Adams Told the Directors, “With, the Volume of Business At Our New North
John F. Watlington Jr
Wachovia
Egypt Accepts Soviet Help for Aswan Dam Second Stage
Egypt accepts Soviet aid to fund and build the second stage of the Aswan dam project joining it with the first stage. The deal includes a $373.1 million bill with $258.3 million in foreign exchange for abroad equipment and personnel. The USSR will supply goods or exchange on a long-term loan basis, marking a unified financial arrangement that foresees no gap between stages. The agreement follows earlier Soviet support of about $100 million for cofferdams and diversions, after the United States and Britain withdrew aid in 1956.
MENTIONED IN THIS ARTICLE
Wilton Wynn Cairoap
Egypt
Aswan
Kremlin
Middle East
Soviet Union
United Arab Republic
Abdel -Gamal Nasser
U.S.S.R
Nasser
Nile
United States
Britain
U.S
John Foster Dulles
Suez Canal
U.A.R
Moussa Arafa
Austria
West Germany
Italy
Japan
Eisenhower
World Bank
Greenville salesman among victims in capital airliner crash
David H. Hancock, a Greenville metal products salesman for Armco Metals, died in the Capital airliner crash near Holdcroft, Virginia. In his late 30s, he had moved from Massachusetts with his wife and four children. He served as president of the Uwharrie Council Boy Scouts, trustee of High Point College, and held roles with Emerywood Country Club, Chamber of Commerce, YMCA and United Fund. Hancock was a Raleigh Armco representative, a graduate of Woodberry Forest and Princeton, and had recently been to New Jersey on business before the Norfolk flight home.
MENTIONED IN THIS ARTICLE
Greenville
N.C
David H. Hancock
Holdcroft
Hancock
Armco Metal Products, Inc
Raleigh
North Carolina
Massachusetts
New Jersey
Norfolk
Uwharrie Council
Boy” ‘Scouts of America
High Point College
Emerywood Country Club
Chamber of Commerce
YMCA
United Fund
Armco
High Point
Middle
Woodberry Forest Town
Ohio
Princeton University
Stevens
Williams
University of Nevada
Southern Branch
Tregoff
Las Vegas
Finch
Minneapolis
Carole Treoff testifies about shady financier link
LOS ANGELES AP A childhood friend testifies Carole Tre off introduced her to a “shady character” who allegedly gauged her tolerance for crime. The testimony ties into the murder case of Barbara Jean Finch, with Tre off and Dr R Bernard Finch’s former mistress accused of plotting to kill the wife to settle the estate and enable a quick marriage.
MENTIONED IN THIS ARTICLE
Los Angeles
Carole
Trégoff
Donald §. Williams
Beppecatony
R. Bernard Finch
Finch
Barbara Jean Finch
West Covina
Tregoff
Security Quotations Reported By May & Company
Quotations compiled at 11 a.m. today and furnished by J. Sturgis, May & Company, Security Bank Buildings, offering a snapshot of current market levels and financial indicators for investors and merchants.
MENTIONED IN THIS ARTICLE
J. Sturgis, May & Company
Security Bank
Capital Plane Crash Near Norfolk Deepens Virginia Aviation Tragedy
Capital from page one A describes a fatal air disaster near the Chickahominy River as a plane crashed into a ravine in dense fog. Officials from Capital, the Civil Aeronautics Board, and the FBI conducted on site investigations while probing cause amid shifting passenger manifests and weather data.
MENTIONED IN THIS ARTICLE
Tench
Virginia
Capital
Civil Aeronautics Board
FBI
Richmond
Norfolk
Weather Bureau
Washington
Chickahominy River
Probers Seek More Parts In Reassembling Airliner
Investigators hunt for further wreckage from a National Airlines DC-8 crash near Bolivia Wilmington seeking clear weather for an aerial search. They expect to rebuild the forward fuselage using seats and a wire mock-up, while bodies are identified by seating charts. Bomb speculation centers on the washroom, with CAB and NAS aid guiding the reconstruction now expected to finish in about 10 days.
MENTIONED IN THIS ARTICLE
Wilmington
National Airlines
Dc&b
Bolivia
Here
Navy Bureau of Medicine and Surgery
Navy
Finnegan
Richmond
Edly
Niife Insurance
Florida
Passen
Douglas Aircraft
NAS
Miami
Radio Actial
Lare
Slattery
Daddy Grace's Body Taken To Virginia
The body of Negro Bishop C. M. Grace, founder of a church claiming three million members, left Charlotte for Newport News Virginia en route to New Bedford Massachusetts. Grace died a week ago in Los Angeles and was moved from the House of Prayer for All People after a final viewing. The body will be displayed in Washington Philadelphia Newark and arrive in New Bedford on Saturday.
MENTIONED IN THIS ARTICLE
Sweet Daddy Grace
Grace
Washington
Philadelphia
Newark
N.J
New Bedford
Southeast buyers flock to shortened five day market
Retailers from the Southeast arrive early to shop the five day market, with spot checks showing deeper opening day buying than last year. Buyers rebuild inventories for 1960 and place many orders for deliveries through mid April. Activity is brisk across most price points, especially for floor coverings and carpets as new patterns debut.
MENTIONED IN THIS ARTICLE
Irs
Heer
Maryland Man Held In Slaying
A Maryland man, Frank Murphy, 50, was arrested by Harford County deputies in Bel Air and held on murder charges. NC authorities plan to question him about his wife Grace Murphy’s death, found buried near Saddle Mountain. He is linked to a 1937 rape murder of 16-year-old Elva Brannoc in the same area.
MENTIONED IN THIS ARTICLE
Bel Air
Carolina
Maryland
Frank Murphy
Harford County
Raymond Fulker
Sparta
N.C
Floyd Roupe
Murphy
North Carolina Bureau of Investigation
North Carolina
Grace
Saddle Mountain
Roupe
Elva Brannoc
Merchants Seek Goods Recovery in Multi County Action
Charlotte merchants pursue claim and delivery in Mecklenburg Burke Catawba and Caldwell counties to recover merchandise believed valued around 100000. Bynum Glenn Payne of Charlotte and Kannapolis faced at least nine papers. Civil action seeks goods held pending court ruling amid possible criminal inquiry.
MENTIONED IN THIS ARTICLE
Mecklenburg
Burke
Catawba
Caldwell
Charlotte
Bynum Glenn Payne
Charlotte and
Kannapolis
Quality Furniture Co
Poe Faces Tavern Hold Up in Detroit
In Detroit AP report Poe, 25, endured a brutal few minutes as two robbers held up a tavern. A pistol was pressed to Poe's head with demands, the assailants fled with about 287 dollars, leaving Poe shaken and unharmed.
MENTIONED IN THIS ARTICLE
Detroit
Edgar Allen Poe
Poe
Prices Hold Steady At Spring Market Amid Shifts In Demand
Higher priced lines have captured most business with activity concentrated in middle and upper medium ranges. Bedding and lamps plus accessories drew strong trade. Prices remain largely unchanged from last fall, with few 3 to 4 percent increases noted. No firm word on a broad price rise before the April spring market.
State ports focus on funds to handle commerce
Sabene Say of the State Ports Authority and Kirkwood Adams of Las Rapids told SPA members at a Southport dinner that North Carolina ports lack needed cash more than extra water traffic. The authority planned a business meeting and dedication of a 60 foot addition to the Wilmington state locks amid ceremonies.
MENTIONED IN THIS ARTICLE
Wilmington
N.C
North Carolina
Sabene Say
State Ports Authority
Kirkwood Adams
Las Rapids
Southport
Adams
Port Authority seeks funds for expanded facilities
Authority officials urged need for financial aid to improve port facilities to compete with Virginia and South Carolina. Not more business but funds to maintain existing operations. Officials indicated a 1961 Legislature request for financing, possibly via statewide bond referendum chaired by John Reaves of Pinehurst.
MENTIONED IN THIS ARTICLE
Virginia
South Carolina
Manslaughter charges dropped in Holler case
Winston-Salem AP report says Judge ue roy Sams dismissed manslaughter charges against William Eugene Holler after his lawyers argued there was no evidence. Shirneey Holler, 23, died December 20 in an apparent electrocution when she touched a live wire. An autopsy did not explain the death and the coroner noted accidental electrocution as a possibility.
MENTIONED IN THIS ARTICLE
Winston-Salem (Ap
Ueroy Sams
Municipal Court
William Eugene
Billy) Holler
Shirneey Holler
Holler
D. C. Speas
Modernized Cotton Farming Urged by NC State Expert
RALEIGH AP Dr E Bishop of North Carolina State College warned cotton producers at the North Carolina Cotton Promotion Association meeting that growers must adopt new technology and mechanization to survive. He urged better information flow and industry size adjustment to support increased production and product scope.
MENTIONED IN THIS ARTICLE
Raleigh
North Caro
North Carolina
Collina
North Caromust
Jlina Cotton Promotion Assn
E. Bishop
Holding Estate valued near 6.5 million dollars
Rabert Powell Holding died in August 1957 and left an estate valued at nearly 6.2 million dollars. A state inheritance tax certificate filed with Johnston County shows Maggie B. Homine as the principal beneficiary receiving 2120 990.53 dollars. Three sons each received 572 579.34 dollars, marking the first public accounting since his death.
MENTIONED IN THIS ARTICLE
Smithfield
Powell Holding
Johnston County
Holding
First Citizens Bank and Trust Co
R. P. Jr
Lewis R
Frank B
New Bern Youth Receives Eight to Ten Year Term
In New Bern North Carolina a 19 year old youth was sentenced to eight to ten years after pleading guilty to second degree murder. He admitted a pistol was involved with a 19 year old Cherry Point Marine, Donald Ainsworth, the night of October 3. Witnesses said the shooting happened in front of a skating rink following a dispute between the two youths.
MENTIONED IN THIS ARTICLE
New Bern
N.C
Joe Edwards
Pis
Tol
Cherry Point
Donald Ainsworth
Tast
Also Mentioned on This Page
Chester V. Gwyer
New York Central RA
Cone Mills Corp
Carolina Light & Power
DuPont de Nemours
Dow Chemical
Eastern Airlines
Consolidated Edison Eastman Kodak
Greyhound Corp
General Dynamics
General Electric
Gulf Oi
General Motors
Goodyear Tire & Rubber
International Harvester International Tel
Standard Oi Co
Jones Laughlin Steel Johns Manville
Loew's, Inc
Norfolk & Western Rwy
Phillips Petroleum Pennsylvania Railway
Pepsi-Cola Reynolds Tobacco
Republic Steel Sears Roebuck Southern Ray, J. P. Stevens Co
American Tel
Tel
the Texas Co
Dow Jones
Red
High Point Bank
Jamestown
Alumanus
Guilford College
Acacia ‘Y
Ignaty Novikov
Ser Years
Gwyer
University of Pittsburgh
Sealtest Dairies
U.S. Public Health Service
Barhe & (O
Pagsts A.m
American Institute of Bank
Wetrain
Cameron Village
Meria Rails
Hants Aleigh Ninties
Ra Cig
Kiwanis
Burlington
Winston-Salem
Covington
Harriss and Covington Hosiery Mills, Inc
Acclaim Hosiery Company
J. N. Rawleigh Company
Electronic Accounting Card Company
King Melver, Inc
Miss Tregoff
Mrs. Finch
Monterey Park
New
Mark Stevens
Finth
The
Mirror News
Ask Butler’s Shoe Corp
Dia Colonial
Commonwealth Life
Drexel Furniture
Fair Lanes, Inc, PLC
Gulf Life Ins
Jefferson Standard
iMar
Pyramid Life Ins
Dev Clit
Security National Bank
Spur Oil Co
Wachovia Bank Tita
United Ins. Co
Wiltional Airlines
Mington
Oly
Fla
New York City
Julian Andrew Krank
Westport
Daddy Grace
Ities Urged
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