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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 14, 1969
Page
2
Stock market notes by Jack Lefler report on ongoing market activity and business conditions with brief figures and industry mentions. The column surveys economic trends, corporate performance, and investor sentiment in a concise business note format.
Allen H. Holt was promoted to general manager of the American textile and industrial operations center in Asheboro, directing the sales staff and overseeing a 150,000 square foot facility. The AP report notes a broad market rally, with industrials leading gains and large daily volume as investors react to management change and economic signals.
Green Marsh and Beeson will receive awards at the Thomasville Assn of Life Underwriters monthly meeting. The gathering occurs at Pete's Restaurant at 9 a.m. Two thirds of the fish killed by pollution were commercial, nine percent sport fish, with more than 103 million fish dead from water pollution over eight years.
The day’s market snapshot shows the Dow Jones averages uneven with rails and utilities leading mixed results. In government borrowing news, a Rural Electrification loan worth 830,000 dollars was approved to upgrade Winston Salem area telegraph and public utility services across Forsyth Stokes and Surry counties with aims to boost countywide communications and infrastructure.
A garbled 1920s era report notes Lake Michigan contamination and widespread water pollution from toxic substances. It cites Wake Forest graduate David Dominick, a Yale-educated commissioner, as author of water pollution works.
RALEIGH AP The American party leader in North Carolina says the group will probably go on record opposing the proposed 1 percent sales tax increase. Counties will vote on local levy in addition to the statewide 3 percent tax. Walter Green of Burlington said a formal vote against the tax would come at a later executive committee meeting after he polled committeemen. He argued the tax would be an extra burden replacing efficiency and funding more local bureaucracy.
Dr Christopher Crittenden longtime NC archives director died of a heart attack at 66 after a stroke last month. Memorial service set for 11 am Wednesday at White Memorial Presbyterian Church. plus tax debate coverage and political commentaries from AP and local sources.
The Piedmont Chapter of the National Association of Accountants will hold a technical program on October 16 at Pine Brooks Country Club in Winston-Salem. Guest speaker Edward C. Harris will discuss mergers and acquisitions and implications for pooling and goodwill in finance and general accounting.
AP report on Kevin Phillips asserting the so called Southern strategy misreads his work. He argues the Republican resurgence relies on a populist majority across regions, not a fixed Southern white bloc, and notes misinterpretations while predicting cross regional coalitions and GOP gains could reshape 1972 campaigns.
Sanford North Carolina schools reopened today under police guard after violence Sunday in a predominantly Negro neighborhood. About 30 officers were stationed at Central High School as racial incidents continued last week. Police said shots were fired and bricks and bottles were thrown. tear gas was used to disperse crowds. A policeman was treated for a knee injury. Governor Bob Scott sent highway patrols at the mayor’s request.
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