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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 10, 1963
Page
7
Personal income in the southeastern United States rose to a level about 3 billion dollars higher than the 1962 period. The Wachovia Southeast Economic Index climbed from 117.4 to 126.3 as of the fourth quarter, with checkbook spending driving the gain and debits about 10 percent higher than a year ago.
McGraw-Hill survey shows U S industries planning $40.7 billion for 1964 and $39.3 billion for 1965 in new plants and equipment. Steel leads with a 50 percent rise, auto set to pass $1 billion for 1964, manufacturing up eight percent, utilities and airlines also expanding.
Business notes show a dip in overall industry spending with coal leading a rise in investment while iron ore and non ferrous mining cut next year plans. Manufacturing runs at 85 percent capacity in September, up from year end 1962 but below desired levels, with projected five percent volume rise next year. Duke Power reports strong growth in North Carolina Piedmont and mountains, 144 plants, 19,702 jobs, and earnings gains. Carey Ilderton elected Dodge Dealers regional chairman for 1963 64. two firms sign for 1964 Packaging Show in Charlotte. McDonalds plans steady unit openings to 562 by year end. 3M Q3 sales rise 11 percent to 195.5 million. Winn Dixie reports 5.34 percent summer-fall sales increase to 256.8 million.
The article notes unofficial bid and asked securities quotations from the NASD as of November 8 1963 and compares four week sales to 1962. It also highlights E R Anderson of High Point honored for 30 years at a Duke Power Co luncheon in Charlotte with service totaling over 1 725 years across 57 Duke Power Operating Department employees.
The NCNB Stock Index for the Carolinas edged up .6 to 260.9 for the week ending November 7, while national indexes fell. Insurance and textile stocks fluctuated with Security Life rising 4 percent and American Enka dropping 2 percent. Carolina Power and Light gained 2 points as Central Telephone inched higher. Major banks including Wachovia and Citiz ens and Southern National Bank posted small moves amid mixed earnings signals.
An exile from Cuba says Las Villas Province courts impose a firing squad for killing a cow and 20 years for butchering a pig amid food shortages. Victorio Fernandez, 26, a farm worker, describes strict permits needed for slaughter and reports his arrival in Miami with wife and child aboard a 23 foot boat.
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