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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 27, 1967
Page
2
The New York market rallied in early trading as banks cut rates and signaled easier credit. Leaders gained fractions to two points while losers lagged, reflecting classic response to lower rates and looser policy.
AP report shows a broad array of stock prices with gains and losses across industries. Key names include Amoco Amoco Ampex Coca Cola and Ford among others with varied daily moves in high and low readings.
Unofficial Building Seles figures and footnotes explain dividend designations. It lists terms like New Issue Paid This Year dividends in arrears and stock dividends with references to 1966 actions. It notes ex-dividend dates and bankruptcy or reorganizations where applicable.
A building debris collapse near 54th Street east of Broadway entombs more than 300 fire, ambulance, and hospital workers. Rescue teams free victims brick by brick while witnesses recall cries for help. one man dies within an hour from injuries as the rear of the structure slides into a pit being cleared for a new 40 story office tower.
Forecast shows showers and storms mainly along coasts, scattered snow flurries in the mountains, and much colder air inland. Weekend highs in the 30s to 50s, with near normal temps by midweek and precipitation under an inch west while coastal regions see rain or showers early next week.
The report shows minimal activity with prices essentially flat across several issues listed. Stocks such as Gatien and Chl traded near prior close, opening at the same levels and closing unchanged.
Frank H. Leslie of Burlington Industries will speak at the Piedmont Sales Executive Club meeting on February 9 at Greensboro’s Voyager Inn. About 125 members and wives are expected. Leslie, a Fordham arts and law graduate, has a long textile career and has received multiple industry honors.
Bank Americard programs for NC will begin with a meeting in Greensboro at the Furniture Exposition Building Sky Room. J Eden vice president says 100000 cards will be mailed to state residents with a March 15 start date and April 3 for use. Louis W. Perry named manager of the NCNB BankAmericard center in Greensboro with a staff of assistants and officers.
The Civil Aeronautics Board approves Piedmont Airlines new service to Greenville and Spartanburg South Carolina. The decision finalizes examiner findings, granting Piedmont relief while denying Delta Airlines expansion and Southern Airways request. The CAB order takes effect immediately.
One day seminar on Income Properties to be held at the Voyager Inn Greensboro this Saturday. Gibbons of Brooklyn New York will be the speakers. This clinic is the society’s only event on Income Properties in North Carolina.
J. Alton Stanford and Edward E. Mendenhall Jr. were scheduled to travel to New Orleans today through Monday for the National Association of Real Estate Boards annual midwinter meetings and its nine affiliate groups.
Government and White House welcome a broad rate reduction after Chase Manhattan and First Western Bank cut lending rates from 6 to 5 percent. Banks study the impact as other institutions follow suit amid calls for easier credit to aid economic growth.
Wachovia Bank and Trust in Winston-Salem reduced its prime rate from 6 percent to 5 percent on Friday in step with major New York banks. The bank offered no further comment beyond aligning with the sector move.
Prof Meredith Thring of London University envisions self charging robots to relieve domestic labor and empower families. He compares investment to car development and says robots will handle routine work while less educated people train to diagnose and repair them.
U S troops push into the rice paddies near My Tho as guerrilla bands and the Viet Cong use night mobility and ambush tactics. A 9th Division brigade under Col. E. H. Kauffman arrives to start large scale operations in the delta, previously the domain of Vietnamese forces and advisers.
In Cooleemee North Carolina two masked men tried to rob a drug store late Thursday. Druggist Edgar Hoyle said one robber ordered him out and the pair fled with about three dozen small bottles. He noted the bottles contained poison such as atropine and arsenic instead of narcotics.
U S infantrymen complete a major operation claiming 720 enemy dead and 3 709 tons of rice captured. Marines press a new drive near Da Nang in Operation Tuscaloosa with 74 enemy soldiers killed. Cedar Falls ends after 19 days near Saigon.
In Greenville North Carolina former officer James Tyson testified in his defense after the state rested in the murder case charging him with killing Howard Bodkin a music store operator. Tyson described contemplating shooting his wife and recalled a child's plea to protect their mother. Deputy Oakley testified Tyson admitted the shooting and handed over a revolver saying he had crossed his limit.
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