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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Sep 21, 1967
Page
2
The New York Stock Exchange opened late for Cerro Cerro plans a Bethlehem Steel merger. Cerro rose to 473% before a halt and later traded around 44%4. IRC Corp faced a halt with possible acquisition talks. Dow Jones up 3.17 to 982.96 at noon amid a steadier session.
Vice President Hubert Humphrey spoke in Greenville pledging federal help for the textile industry as he touted the Appalachia program. He praised South Carolina’s manpower training and urged measures to save the industry amid man made fiber challenges while noting plans for job opportunities in smaller communities. He also commented on education civil rights and economic policy during a breakfast with state leaders and dedication ceremonies for a mental health center.
Inter dealer prices from NASD as of about 10 30 am today reflect representative quotations. Markets change throughout the day and prices exclude retail markup markdown or commissions.
Mostly cloudy mild tonight with showers and scattered thunder showers moving east. Lows 55 to 62 in mountains, near 70 at coast. inland Friday not as warm. South Carolina mostly showers tonight eastward, 60s interior to near 70 coastal, Friday cooler inland. Virginia thunderstorms tonight then cooler west and north, lows 55. Data includes market quotes and company mentions.
In Washington Heights a basement trunk containing three mummified infant corpses was opened after building staff cleared storage. One child may have died 47 years ago. An autopsy was ordered, and the trunk bore newspapers from 1920 to 1923. Jacob Solomon claimed no knowledge of his late wife Anne Solomon’s children.
J Ed Pleasants of North Carolina National Bank announced promotions at High Point offices. W Richard Kelly Jr became vice president and trust officer, joined NCNB in 1958. Robert L Harvey D Frank Sorrell and Fred A Price Jr were promoted to assistant vice presidents. All are from High Point or nearby. Harvey attended Jamestown High School and worked in NCNB Charlotte since 1966.
American Bakeries Co. announces a quarterly dividend of 25 cents per common share, 45 cents per share on cumulative prior preferred stock, and 1.25 per share on 5 percent cumulative convertible preferred stock. Dividends paid Oct 15 to stockholders of record Sept 29.
Cloudy skies through Friday with scattered showers likely beginning tonight in northern and extreme western areas. Warm temperatures with highs 84 to 90 and lows in the 60s. Tennessee sees mostly cloudy conditions with scattered showers and thunderstorms tonight, clearing Friday, with cooler nights and a low around 54 to 64.
An Ellwood City Pennsylvania junkyard posted a humorous sign reading Rust in peace. The chipped humor brightened residents as AP reports a light moment from a local business scene.
The Senate approved 537 million for model cities and 40 million in rent subsidies, voting 62 to 28 and 59 to 131 respectively, in a sweeping health and housing package. GOP support helped pass rent subsidies, enabling financing for about 44 500 new housing units amid a 10.4 billion omnibus.
RALEIGH AP North Carolina highway fund ends fiscal year June 30 with unallocated surplus of 3,636,475 while total balance remains 95,801,359 all committed to highway purposes. Governor Moore says 2,915,060 reserved to match federal funds for highway safety. excess would be added to surplus if Congress funds fall short. Expenditures 238,504,373 vs revenues 334,305,732 for 1966-67. One cent gas tax yielded 49,245,188 with 36,132,688 set aside for secondary road bond debt due through 1970.
Gov. Dan Moore named seven new members and reappointed 13 to the North Carolina Good Neighbor Council. New members include Dr. James T. Taylor vice chairman and chairman David S. Coltrane of Raleigh, plus Dr. English Jones Pembroke Carl H. Russell Sr. Winston-Salem Joseph L. Berry Greensboro M. Samuel Hayworth Rocky Mount Rev. Floyd C. Trexler Hickory Robert B. Spivey Windsor and Ray Killian Charlotte. Reappointed were Mrs. Charles E. Cameron Jr. Sen. Marshall Rauch Rev. William K. Quick Ji W. Pate Jr. Mrs Geneva B. Hamilton Fred D. Alexander Dr. James E. Cheek Robert J. Brown Marie Grant Dr. Andrew A. Best and John Stewart. Council members serve at the governor’s pleasure. the council is a statutory body created by the 1967 General Assembly.
New York AP reports cotton futures opened flat to two dollars per bale lower than the prior close, signaling a soft start in the market.
City Manager Harold Cheek told the City Council that land purchase for the Oakview reservoir is progressing slowly though engineering for the dam and lake remains on schedule. Appraisals began last fall with some settlements reached, some in process, and several offers declined. grubbing contracts soon to be let while acquisitions may still be incomplete.
Pfeiffer College in North Carolina will start an AIM educational plan in fall 1968 for freshmen. The program emphasizes personalized professor relationships, independent study, self paced learning, and creative thinking with semester seminars and tutorials. It removes general requirements, lowers fixed class times, and uses an incentive based assessment while keeping four years to complete a degree.
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