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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 30, 1966
Page
6
Colonial Stores Inc. reports 1965 sales of 493 million dollars and a 12 percent earnings gain from the prior year. President Carl J. Reith notes 1965 net profits after tax of 6.413 million on 2.809 million shares outstanding, with per share figures of 2.26 versus 2.92 in 1964. Plans call for 30 new stores this year.
United States issues a unique $50 gold coin to celebrate the canal opening featuring Minerva. The piece was minted in two shapes, circular and octagonal, and stands as a one of a kind historic issue.
Charles W. Elliott formerly of Greenville South Carolina has been named assistant general manager of The Singer Co Fidelity Division located at 340 0 N Hamilton St High Point The division makes knitting machines for hosiery mills and related equipment Elliott previously held managerial posts at Die Casting Co Clinton Engine Co and General Motors Corp
Strouse cites 1965 expansion by private North Carolina operators totaling $45 million for plant growth. The Independent Telephone Assn reports firms served 54.7 percent of residents and 77.8 percent of the state area, with 697,837 telephones and payrolls near $28.7 million. Taxes topped $16.4 million in 1964.
Interdealer prices compiled by the National Association of Securities at market close Thursday show over the counter quotations with adjustments to include approximate markup. Names such as United Family U.S. Realty Wachovia Bank Western Power & Gas etc appear with varying bid and ask figures reflecting interdealer activity.
The Associated Press average of 60 stocks rose to 368.3 at close from 367.0 a week earlier while the Dow Jones 30 fell to 985.35 from 988.14 in the prior week.
President Johnson told Congress the American economy would grow in the next fiscal year with a $722 billion total in goods and services. He warned inflation risks but asserted that vigorous investment and defense spending will sustain growth while keeping unemployment low and prices steady.
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