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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 22, 1967
Page
6
AP analysis notes surge in consumer fraud bureaus and tougher law enforcement, challenging the Better Business Bureau and affiliates. A forthcoming member letter urges action to stem the tide, citing self regulation strains and a shift due to consumerism.
Youngstown youth Doug, a self taught market thinker, writes a market letter and plans to syndicate it. He sold stocks last February, has stayed out since, and now has about $300 invested while dedicating hours weekly to market analysis and client guidance.
North Carolina State University Raleigh hosts a two week short course in modern farming funded by banks. Scholarships for 1 623 young Tar Heels are provided through Guilford County bankers with Pleasants presenting checks on Rt 2 Brown Summit. The program is part of annual NC Bankers Assn agricultural projects recognized nationally for 22 years.
A brief Associated Press bulletin presents an over the counter quotations list, detailing current price levels for multiple securities as reflected in trade activity and market iterations. The report notes shifts in bid offers and last sale figures across several common stock issues.
New York Merchants challenge Wall Street optimism as easing interest rates fail to lift spending. They cite Vietnam casualties and rising prices, taxes, and debt as depressants on consumer buying. If Johnson’s tax plan passes, corporate hits loom, with July 1 as a possible surcharge start.
The foundation funds seventy five thousand dollars toward a five year effort to boost a seven million dollar fundraising goal. A student plans to pursue advanced degrees in finance economics or law and expresses mixed confidence about career success.
North Carolina and three other states out of 17 with government owned liquor stores ban liquor by the drink. The Institute of Government released the preliminary report to the Legislative Research Commission for the 1967 General Assembly, noting brown bagging and liquor by the drink appear as alternate control propositions.
The Commerce Department reports 1966 GNP at 739.5 billion dollars, up 58.3 billion or 8.5 percent from 1965. Prices rose about 3 percent, leaving real growth at 5.4 percent. Military and defense spending drive the gain, with fourth quarter GNP at 759.1 billion and defense purchases at 65.5 billion annually.
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