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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 22, 1970
Page
2
At noon in New York the Dow Jones rose 3.17 to 785.44 amid cautious trading. 14 of 20 top issues advanced while 5 declined and 1 was unchanged. AT&T firmed 1% after a planned 1.57 billion financing via 30 year debentures with stock rights.
The text outlines that sales figures are unofficial and dividends in the table are based on last declarations. It defines many footnotes letters for various dividend types such as extra, liquidating, stock, or deferred payments and includes terms like ex dividend and warrants.
Nasdaq quotes inter dealer prices as of about 11 a m and highlight that OTC markets move throughout the day Prices do not include retail markups or commissions and reflect representative dealer quotations rather than final retail prices.
The AP lists mixed noon readings for major sectors in New York markets as investors watch industrial transportation and finance indexes. Notable figures include the 50.54 level for the industrial index and 165.98 for the finance sector, reflecting modest shifts in overall sentiment.
Speaker Scott cites 1969 actions to recruit doctors and fund facilities at Duke Wake Forest UNC and East Carolina University. He urges training social workers candy stripers and ministers to help residents obtain care and proposes regional telephone health information centers to provide clinics hours Medicaid Medicare guidance and transportation help.
Hayden O Kepley Jr a High Point native and Wake Forest graduate becomes a registered representative at Reynolds & Co in the Winston Salem office He previously worked for Reynolds in the New York office and is a High Point Central High School alumnus.
Gilbarco Inc announces two executive moves in its Marketing Division. David H. Armbruster, formerly with Whirlpool Corp and Red Jacket Mfg, is named general sales manager. Joseph H. Lux Jr., long time Gilbarco veteran since 1962, becomes domestic sales manager.
Wallace Gardner Temple Jr. of First Citizens Bank High Point is named assistant vice president by Board Chairman R. P. Holding Jr. Temple joined the bank in 1967 and has held roles in Raleigh and Hickory before becoming High Point loan department manager in November. He is a Zebulon native and active in Kiwanis, Masons, and First Baptist Church.
Burlington Industries reports consolidated net sales of 449.32 million for the first fiscal quarter ending December 27 1969 up 2.5 percent from 438.18 million the year before. Net earnings were 18.55 million or 71 cents a share on 26.145 million shares versus 20.785 million or 80 cents on 25.965 million shares a year ago.
Robert Torres Jr., longtime manager of the Thalhimers Westchester Mall store since its 1968 opening, is named merchandise coordinator for men's departments in the Greensboro High Point area. David S. Sheets announces the move. no permanent replacement is set. Torres is a Central High School graduate who attended East Carolina University and High Point College. He is married to Joan Gale and they have two daughters.
Forecast calls for increased cloudiness tonight and Friday with light snow possible in the mountains and rain or snow in the Piedmont. Lows drop to 10 to 20 degrees north and central, highs reach 30s to 40s. South Carolina remains mostly cloudy with flurries possible in the mountains and highs in the 30s to 40s.
Navy helicopters begin commuter flights across the Chesapeake Bay Bridge tunnel after the Yancey cargo ship slammed into the structure causing a 375 foot breach. Repairs could take four weeks as Capt Dean R Johnson and Rear Adm Phillip S McManus order investigations into the accident.
Wachovia Bank increases passbook savings from 4 to 4 percent and raises CD rates under new Federal Reserve rules. CDs of $100,000 plus for year or more rise to 7 percent. other terms range 4 to 5 percent with varying maturities. changes take effect today for CDs and Feb 1 for passbook savings.
RALEIGH The North Carolina Banking Commission approved First Citizens Bank and Trust Co. for a new High Point branch at the Zayre's Shopping Center on Westchester Drive. The bank's first High Point unit opened last year on Main Street.
NAACP official in Brooklyn questions Judge Carswell’s 1948 Civil Rights stance after a Gordon Georgia speech. Carswell said segregation is proper while noting he lost an election as being too liberal. Legal documents from 1948 were retrieved and then returned, with attorney Alexander Boone involved in the filing.
President Nixon outlined a sweeping program targeting water treatment, park and open space financing, environmental costs in goods, urban renewal, rural development, and a peacetime foreign policy. He pledged to pursue new city building, rural expansion, and a policy shift toward negotiation with the Soviet Union and China while avoiding direct conflicts.
The North Carolina Highway Patrol will spend 119000 to equip patrol cars with electronic sirens and larger four beam blue revolving lights. Maj. J. B. Kuykendall said the upgrades improve visibility and audibility for motorists and troopers adding the yelper will cut through air conditioned cars.
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