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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 09, 1965
Page
6
The Associated Press average of 60 stocks advanced for the second straight week, closing at 343.6 up from 340.3. The Commodity Index rose to 170.8 from 170.2, its third straight weekly gain, with live stock nonferrous metals posting sizable increases.
Local NASD quotations show over the counter stocks with no retail markup or commission. The report notes representative prices and indicates general conditions in the market without special adjustments.
REA gauges show major fees averaging 33.2 for private utilities while rural electric parity remains unmet. Clapp cites higher REA financed line costs by 19 to 20 percent. About 91 percent of meters serve farms and the average cooperative is a solid credit risk with roughly $1.8 million in principal and interest and 29 local employees.
Net sales reach 8.1 million with 470 538 in net income for year ending Nov 1. The Life and Trust Co hosts a Pines meeting May 14 with guest speaker from General Electric. Social hour at 6 30 p m dinner at 7 p m and a semi formal dinner dance at 8 p m.
Named Agent Larry Wilson Peace of Rt. 3 in High Point has been appointed a local agent with State Farm Mutual Automobile Insurance Co.
In the aftermath of an interim steel labor accord major questions emerge about a possible strike next fall final settlement figures and impacts on wages. Industry sources foresee possibilities of averting a broad strike while officials weigh effects on the economy and labor relations. Iron Age projects record steel shipments in early year and car industry output shows strong gains as earnings report optimism lifts stock markets.
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