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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 03, 1966
Page
6
Quotations compiled by the National Association of Securities Investors show representative interdealer prices at market close on Thursday. Interdealer markets vary intraday and prices exclude retail markup. Local listing notes asked prices include approximate markup.
John Gallen, president of the Catawba Valley Hosiery Club, notes a slow first quarter with missed pace to gross national product. He predicts higher production later as back to school and Christmas demand rises, but higher costs for yarn, cartons, dyes, and needles persist amid tight labor markets and worker piracy.
Indian Head Gerald Lewis named president of Indian Head Hosiery Co a new division of Indian Head Inc Lewis currently executive vice president of National Mills and has nine years with United States Industries He will oversee operations of both Diamond Mills and Claussner Hosiery Co within the new division.
Richard Wemmers Jr. joins James R. Fox Advertising of High Point as assistant. A former public relations representative for International Paper in Camden Arkansas he is a U S Army veteran and Miami Florida native. He studied advertising and public relations at college and will reside at 1305 Eaton Place.
Banks across major cities including New York Los Angeles and Boston pushed up loan costs as the Fed tightens credit to curb inflation. Chemical Bank raised its minimum loan rate to 6 percent. Morgan Stanley and other lenders followed with higher rates on mortgages auto loans and broker loans.
North Carolina State University has been awarded 31764 dollars by the U S Atomic Energy Commission for plant nutrition research. Professor William A Jackson, soil science, will supervise. Experiments will study how essential elements and fallout materials are taken up and distributed in plants and how growth factors affect accumulation.
The overhaul and repair department at Cherry Point Marine Air Station in North Carolina has openings for 200 Civil Service workers. Positions include aerospace, electrical, mechanical and materials engineers and an engineering technician.
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