Cotton futures rise as stock market gains pace
Cotton futures opened 50 to 75 cents higher. The stock market moved up with most key stocks edging higher, savings and loans active, and IBM up about 3 while Superior Oil fell from gains. Dow Jones averaged 682.77 at noon, up 2.39, with mixed activity on exchanges and bonds diverging.
MENTIONED IN THIS ARTICLE
New York
Associated Press
San Diego Imperial
Great Wester Financial
Stee!entran
IBM
Philip Morris
International Paper
Proctor & Gamble and
du Pont
American Stock Exchange
Smith family war saga centers on Bataan and Shanghai
V. Smith faced wartime peril after transfer to the Philippines. His wife and son Carl, then ages 6 to 22, were interned in Shanghai. Segregated refugees received U.S. funds via Swiss Embassy. Smith survived the Bataan death march and later prison camps. The family operates a 160 acre Onarga farm and a grave vault company in Onarga, Illinois.
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Smith
Philippines
Hong Kong
Shanghai
Carl
Bataan
Smiths
Onarga
Chicago
North Carolina lawmakers push liquor referendums and welfare limits
The House debated a local liquor referendum option and killed a bill allowing old age assistance recipients to earn up to 30 dollars monthly. Rep. Newman, sponsor of the statewide liquor bill, said he would introduce a local option measure. Senate panels approved air pollution control cooperation and the creation of Historic Sites Advisory Committee. A public hearing April 10 will discuss steps toward a uniform lower court system with a study commission and a $500 administrative office.
MENTIONED IN THIS ARTICLE
Tom Newman
Sampson
Newman
Senate Public Health Committee
State Board of Health
U. S. Public Health Service
Senate State Government Committee
Senate Courts and Judicial Districts
Dow Jones Averages Reported at Noon
TheDow Jones averages furnished by Bache & Co show the Industrials at 682.47, 682.77, and 680.38. Rails at 152.15, 151.90, 151.90. Utilities at 135.65, 135.59, 135.80. Stocks at 241.70, 241.65, 241.25 with trading volume of 1,190,000.
MENTIONED IN THIS ARTICLE
Bache & Co
Fairchild Stratos to Open Winston Branch Plant
Fairchild Stratos Corporation announces a Winston Salem branch at Smith Reynolds Airport with initial electronics work and several hundred jobs to begin later this year. The Northwest North Carolina Development Association and NC congressional leaders join the ceremony at Hotel Robert E. Lee.
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Winston-Salem
Fairchild Stratos Corporation
Aerospace
Hagerstown
Smith Reynolds Airport
Fairchild
Northwest North Carolina Development Association
North Carolina
B. Everett Jordan
Ralph J. Scott
James T. Broyhill
Robert E. Lee
John L. Grabber
Edward G. Uhl
Grabber
North Carolina Seeks Center Site to Save Millions
Gov. Terry Sanford urged Congress to place a national environmental health center in North Carolina. He offered the Research Triangle Park site worth 1.3 million, free to the government, and noted 20 percent lower construction costs vs Washington area, projecting 50 million in savings.
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Washington
Terry Sanford
North Carolina
Congress Today
Public Health Service
District of Columbia
Sanford
House Appropriations
Research Triangle Park
Washington, D.C
Newsman Attacks Secret Legislative Sessions In Durham
Raleigh editor Sam Ragan denounces the General Assembly Joint Appropriations Subcommittee for barring press access to its deliberations as a severe abuse of power. He criticizes secrecy under Sen. Thomas White and Whammy White, urging transparency in budget talks.
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Durham
Raleigh
General Assembly
Joint Appropriations Subcommittee
Sam Ragan
News and Observer
Raleigh Times
Durham Lions Club
Appropriations Committee
Ragan
Joint Appropriations
Thomas White
Lenoir County
White
Senate Appropriations Committee
North Carolina Site Sought for Park Survey
Democratic Sens. Sam Ervin and B. Everett Jordan asked a subcommittee by letter to direct the Public Health Service to survey a park site in North Carolina. The location lies in a triangle formed by UNC Chapel Hill Duke Durham and NC State Raleigh.
Nervous bank robber holds up Carolina mill bank
Police and the FBI search for a tall nervous man who robbed the Security Bank and Trust Co. in Caroleen North Carolina Tuesday. He wore a threadbare tweed jacket and left in a blue or black Plymouth from 1957 to 1959 after telling teller Joan Taylor to hand over $2,944.
MENTIONED IN THIS ARTICLE
Caroleen
N.C
FBI
Joan Taylor
Security Bank and Trust Co
Forest City
Mrs. Taylor
Burlington Mills
N C History Display To Tour State This Spring
A traveling Tar Heel history exhibit will tour North Carolina from Manteo to Murphy this spring. It marks 300 years since the Carolina Charter by King Charles II and includes early state history. The RJR Tobacco Co funds a $35,000 trailer, and General Motors Chevrolet Division donates an $8,000 tractor to haul it. The mobile museum departs Raleigh in late May.
MENTIONED IN THIS ARTICLE
Raleigh
Manteo
Murphy
Sanford
North Carolina
Carolina
Charles II
R. J. Reynolds Tobacco Co
Alex H. Galloway
RJR
P.C. Loehr
Chevrolet
General Motors Corp
Mobile Museum
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