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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 27, 1967
Page
4
New York reports a buoyant market as big banks promise rate cuts and easier credit. Stocks advance fractions to two points with winners outnumbering losers more than two to one as investors respond to lower rates.
Early New York stock quotes show mixed results with gains in several chemical and consumer goods firms while transportation and utility shares waver. Major names include Pfizer, Dow Chemical, General Electric, and American Motors with various percent changes noted.
AP Stock Exchange notes noon prices and various dividend terms. It lists declarations, stock dividends, ex-dividends, payable dates, and related footnotes for 1966. includes shorthand codes such as x for ex dividend and nd for next war copyright.
At a Broadway area site a 40 story office building under construction toppled a rear portion into a pit. More than 300 fire police and hospital workers labored to free entombed victims as Stephen Wojcicky survived after being pulled alive. A hospital plasma treatment followed.
Forecast for North Carolina shows showers and thunderstorms mainly eastern areas with scattered snow flurries in the mountains and much colder inland. Lows in the 20s to 30s, Saturday mostly fair and colder with highs from the mid 30s to near 50 along the coast. South Carolina expects showers near the coast then colder, generally fair and much colder tonight with lows in the 20s to 30s and Saturday highs in the 40s to around 50 along the coast.
The forecast covers Saturday to Wednesday with near normal temperatures in the mountains and Piedmont and cooler readings in the Coastal Plain. Daytime highs mostly in the upper 40s to 50s with overnight lows in the 20s to 30s. Precipitation remains light, under a quarter inch in the west and a quarter to half inch in the east, mainly as rain or showers near the coast at the start of next week.
Frank H. Leslie of New York Bur ling ton Industries will speak at the Piedmont Sales Executive Club meeting on February 9. The event at Greens boro’s Voyager Inn is expected to draw about 13 members and wives. Leslie has textile roots since 1927 and a background in arts and law from Fordham.
J Ed Pleasants senior vice president said Bank Americard will be mailed to about 100 000 individuals starting March 15. The card will cover small purchases to international trips and use begins March 15. Louis W Perry named manager of the Greensboro center with Clarence Fitzgerald as assistant manager and Winton Poole and B Ray Jackson as assistant presidents.
The Civil Aeronautics Board approves Piedmont Airlines tentative service to Greenville Spartanburg after reviewing August 23 filing. The board makes final the examiner’s findings and denies Southern Airways access while Belra Airlines service to the area is approved. CAB action takes effect immediately.
One day clinic on Income es to be held at the Voyager Inn Greensboro this Saturday. Speakers include Wayne D. Hagood of Fort Worth Texas and James E. Gibbons of Brooklyn New York. The society hosts the only Income Producing Properties clinic in North Carolina.
Jauon Stanford and Edward E. Mendenhall Jr. were scheduled to attend the National Association of Real Estate Boards midwinter meetings in New Orleans today through Monday with its nine affiliate organizations.
Stock indexes show a modest gain with the Dow closing around 303,384.11 points. The day features small shifts in other averages and a narrow change from the prior session.
The government and President Johnson welcome a likely break in interest rates. Chase Manhattan cut its best credit risk rate from 6 to 5 percent. First Western Bank in Los Angeles and other New York banks followed with similar reductions. The White House says rate cuts will aid economic health.
Wachovia Bank reduces its prime rate from 6 percent to 5 percent in step with big New York banks. The bank offered no further comment beyond alignment with the actions of other large lenders.
Prof Meredith Wooldridge Thring of London University envisions self folding and recharging robots for home use. He argues robots will reduce drudgery and enable civilized life, needing funding comparable to early car development and priced like a small family car.
U S forces push into the Vietnamese delta with Col E H Kauffman’s 9th Division to confront Viet Cong guerrillas. The rugged riverine terrain, abandoned French bridges, and dense paddies complicate standup fights while advisory roles persist for Vietnamese units as operations broaden. The piece notes evolving education and community engagement as part of a broader pacification effort.
In Cooleemee North Carolina two masked men tried to rob a drug store safe on Thursday. A gun was waved at the pharmacist Edgar Hoyle as the pair grabbed about thirty bottles. Hoyle said the bottles contained poison such as atropine, strychnine, and arsenic, not narcotics.
U S infantrymen wrapped up the largest operation of the Vietnam War with 720 enemy dead and 3709 tons of rice seized. Marines continued new offensives near Da Nang while Cedar Falls ended, and helicopters evacuated surrounded units under fire.
In Greenville North Carolina former policeman James Tyson testified in his murder defense after the state rested. Tyson described contemplating shooting his wife before hearing their child plead not to shoot. Deputy Brook Oakley recalled Tyson admitting the shooting and handing over the weapon saying he had reached his limit.
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