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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 29, 1967
Page
3
The piece surveys a rash of speculative Reg A offerings and how many faded from the market. Merrill Lynch tracked past glamor issues from 1961 62 to gauge today s boom yet many companies vanished or dwindled, questioning the promise of speculative IPOs.
The article notes a few successes on Amex such as California Computer Products and H R Block while many offerings from the 1960s remained below their issue prices. It cites dramatic gains for Calcomp and losses for others like Missile Tronics and Admiral Photo, underscoring the risky nature of glamor low priced stocks.
Governor Dan Moore and the North Carolina Council of State again raised the interest banks pay on state deposits. The rate moved from 5 percent to 5 percent, tied to yields on U S Treasury obligations. The council cited higher short term Treasury yields as the cause.
A Broadway entry marks the drama Dorothy and Red, based on Vincent Sheean’s biography about Sinclair Lewis and Dorothy Thompson. Malcolm Wells and Henry Bloomgarden adapt the work. Wells serves under producer Robert Whitehead, with a partner on staff for Stewart Udall.
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