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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 01, 1969
Page
2
The Dow Jones Industrial Average rose 1.08 points to 951.26 as gains led and losses numbered about 20 issues. Investors watched early trading with mixed results and modest moves across sectors amid a cautious market tone.
New York traders pushed the Dow higher after Wednesday gains with heavy volume as investors weighed big price moves. Analysts noted broad advances across industrial and financial shares while volume remained notably strong, signaling cautious optimism about near term trading.
Atty. Gen. Morgar told the committee the office already represents the public under common law and could act more effectively with a roadmap from the Legislature. He noted statutory power to represent consumers before the North Carolina Utilities Commission and urged extending it to the Federal Power Commission and North Carolina Insurance Commissioner rate hearings. The panel found no consumer protection in the measures, one backed by the Attorney General and others by TV and newspaper interests.
Governor McNair signaled possible state action as protests and legal battles unfold in Charleston and Columbia. He indicated a potential emergency declaration and city curfew while defense and civil rights lawyers contest injunctions and labor board actions amid demonstrations led by Reverend Ralph Abernathy and union figures.
Ment Yee will speak Saturday. teaching will be Weddle Hellman, director of industrial relations at Burlington Industries.
Dividend action declared regarding common stock series G with details obscured. Company sources indicate approval of payout, though exact figures and dates remain unclear in the fragment.
Frank Snyder of Burlington Industries becomes LIKTECH president as the firm opens Greensboro offices to license patented textile technology and develop programs to introduce new tech to textile licensees.
Larry Weaver joined the sales staff of Boyles Furniture here. A Lexington native, he is married to Susan Pope of Lexington. they have one child.
C. F. Fletcher of the C. F. Fletcher Insurance Agency at 2216 S. Main St. has completed a four week commercial insurance school for agents at the Safeco Insurance Group Seattle home office.
Davidson County parcels annexed into the city were unanimously zoned Residential MA for apartment construction. Opponents from Emerywood Estates argued devaluation and traffic, while attorney Norwood Robinson pledged city cooperation to improve access. The move clears the way for up to 400 suites, with 150 units planned on the north end near Westover Drive.
Conference on tobacco advertising proceeds as committee aims to conclude hearings this day. Notes reference members, proposed code changes, and the tobacco industry’s public positions discussed since the 1904 period.
National Guardsmen were sent home from Winston as city curfews ended. Hosiery industry leaders predict bold fashion for fall with bright yellow red ribbed patterns and rainbow color socks for men, while iridescent panty hose for women gains popularity. Police report minor disturbances fade and curfew lifted as downtown area is resealed to protect outlying neighborhoods.
In Raleigh AP report three measures on higher education moved forward in the General Assembly. The Senate granted Pembroke State College regional university status. a Ph.D. degree program bill advanced to pave regional universities. and a proposal to make the governor chairman of the state board of higher education with six new members passed the Senate. Lawmakers debated statewide planning and reform, noting the need for a comprehensive approach to higher education.
Forecast notes small craft warnings along the coast with rough seas. North Carolina sees fair and cool tonight, then fair and warmer Friday, temps lows around 40 in the mountains and 45 or higher elsewhere. South Carolina partly cloudy and mild with little change. Virginia clears tonight and warms Friday with continued coastal cooling offshore.
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