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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 19, 1967
Page
2
American Exchange in New York reports reinvestment demand and profit taking shaping the session. The market was narrowly higher on balance early this afternoon as investors weighed gains in key issues.
A student appeared dazed at a market near Vanderbilt campus and claimed he did not know who he was, saying he had been with Jesus Christ. Police helped him home after he received a traffic ticket. Landlady Mrs. Aline Johnson said the man had previously abused her. special investigator Charles Hunter said blood tests would be done. Jackson, Jordan, and a patrolman described a struggle ending with a fatal shooting of the student, Hall, who had tied to see Mrs. Johnson. Hall, a Davidson College graduate, served in the Army and was pursuing a Vanderbilt English master’s degree. He leaves a sister in Charleston, S.C.
Weather outlook for South Carolina and North Carolina notes mixed precipitation, gradual clearing, and temperatures. Snow sleet and freezing rain expected in northwest regions with highs near 40, colder in mountains and northern areas. North Carolina sees lingering snow and sleet tonight with lows 10 to 15 in mountains and near 30 along the south coast, then Friday fair and not as cold with highs in the 30s to mid 40s.
W Roland Albertson of High Point representing Massachusetts Mutual Life Insurance Co. qualified to attend the Mass Mutual Regional Club convention in Boca Raton Florida in May. Piedmont Natural Gas Co. set a new all time hourly gas sendout record at 9 a.m. January 16 totaling 8 784 000 cubic feet, beating the prior hour record of 8 433 000.
NASD quotations show inter dealer prices at about 10:30 a.m. today. Markets vary through the day and prices exclude retail markups, markdowns, or commissions.
North Carolina State University will receive a 4.6 million dollar grant from the U.S. Office of Education to support vocational education research led by Chancellor John T. Caldwell. The five year award, the largest in the university’s history, funds projects in adult education and industrial worker career progression, focusing on barriers to occupational education in the South while informing national developments.
The noon session on the New York Stock Exchange shows movement in key indices as traders react to early U S market activity. Investors monitor gains and losses across major sectors with attention to energy and technology shares.
Washington AP Gerald Ford argues Congress can trim the President's budget enough to avoid a tax increase though specific cuts hinge on final budget details. He criticizes the 6 percent corporate and personal surtax as unnecessary given current economic indicators. Ford stresses balancing the economy over balancing the budget while Dirksen signals support for Johnson's Vietnam policy with caveats. Republicans and some Democrats call for domestic spending cuts first, with debate over deficit size and potential tax reform. Ford and Byrnes urge data before judgments. Bow notes careful examination of antipoverty and space programs.
Elkin North Carolina AP snow and ice led to the death of Ralph McLeod White a Mount Airy driver for Blue Ridge Supply Co. He was pinned between his truck and a second truck after stopping on State Road 268 five miles east of Elkin to assist with chains. Williams driver for Cash and Carry Wholesalers backed into White as he prepared to leave. White died about a half hour later at a hospital. No charges were filed.
New York Times assistant managing editor Harrison E Salisbury cautions that Vietnam reports may yield a temporary gain for the enemy. He spoke on an hour long TV panel with three NYT colleagues and was later interviewed after a National program.
The prosecution rested in the Bobby Baker trial accusing him of income tax evasion and channeling contributions to his use. Cross examination by Edward Bennett Williams focused on Baker’s underpaid taxes and alleged schemes involving Bromley and Harvey Aluminum. Testimony covered payments, representational deals, and a controversial Guinea bauxite contract in 1963 1964 with around ten thousand dollars in checks to Bromley.
The North Carolina Utilities Commission ordered refunds totaling 981000 dollars to natural gas customers. The refunds come from gas producers to the pipeline company, then back to North Carolina distributing companies, with eligibility starting March 1.
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