Rocky Mount Telegram from Rocky Mount, North Carolina • 36

4D The Rocky Mount, N. C. Telegram, Dec. 4, 1966 Market Has More Losses Why Thant Changed His Mind About U.N; Post Bond Market Lists Advance New York Stock Exchange, 639 rose and 801 fell. More stocks declined than r.J-vanced on each of the five trading days.

market drifted off Monday when problems in H. automobile and construction industries depressed sentiment in Wall Street. The steel industry By ED MORSE AP Business News Writer NEW YORK (AP) The stock market dragged through its third straight week of declining prices amid prospects that tax-ioM telling would be heavy between now and the end of the year. Because of the big 1966 plunge MM Cotton Futures Business Highlights I Bv MAX' IIARKKLSON military intervention in NEW. YORK '(AP) All sectors1 UNITED NATIONS, N.Y.

Nam. He believed the. matter of the bond marke! advanced (AP) The best explanation ofould have been brought to the late last weak after a period of Thant's decision to stay on as conference table long before it mixed prices earlier. ii secretary-general seems to escalated. There was a steady advance be that he was overwhelmed by And on the question of U.N.

of governments all week, support he received and by he felt that France red by heavy purchases by th? ai gunionts that the U.N. needed hw vyp Fede. ,1 Reserve System Mon- him. ar.ti the Soviet bloc should have day. privately many diplomats shown more readiness to make At the close of the week, in-agree that Than! got little more voluntary contributions to help termediate governments in the I than token concessions.

There is tua AarM chat imneriled reported that sales to automa in stock prices there were plen ty of losses to many ofikers wera declining. The auto By Standard Poor's Corp. the marked uptrend in evidence Chemical industry sales for (since 1961, when; shipments to- industry reported lower car sales and housing starts were'1966 should reach a record some taled 90,200 units. With a cur-reported at their lowest level in'" 12 per cent above the $40.1 rent average selling price of vears; -j billion of 1965. Further year-io- $5,600, mobile homes have met Tuesday, tobacco stocks sank iJ'ear progress is projected for! a rapidly growing need for corn- NEW YORK (AP)-Cotton futures contract prices rose in in I CU lll uv.il j8-to-10 year range had recover- no evidence that le received ency i ed up to $13.75 of their $20 losses aR assurances on Vict Nam the organ zation solvency which could be balanced against long-term gains or trading While prospers of a possible tax increase still overshadowed Wall Street, there was little in the immediate predictable future to give much hope of a strong recovery drive, analysts said.

They anticipated the usual after the issuance of a U. i the first halt ot 1967. lurnisueu Profit prospects for the chemi- i quiring relatively small invest- Public Health Service report crease trading last week amid reports that supplies may 'be shorter next year. cal industry are mixed. For thejment.

linking cigarette smoking to in creased death rates from somefirst nalf 1966 Piis ol bbej In 1965, one mobile home was diseases. The market did not re-j industry advanced 13.3 per cent manufacturer for each five con- Prices of December contracts. ar-r to Presirirm' ani on an 11.8 per cent rise in VOi- venuonai suigre ldiiiuy iiuus- year end rally, out in many years this is a perfunctory thing' nouncement of a cutback of However, lower earnings starts and the proportion for which expire Wednesday, were down $1.25 for the week. But 1967 contracts were up $1.25 to which occurs in the final week! billion in federal programs, experienced Dy rr.frjor syndic im wm ue even ie. uuvi- of the year amid the mmy co $3.50 from last week.

which would seem to lessen theiI1Dr producers in me oepiem- ou.siy, inumie uuuib for a possible tax in-! ber quarter, and unimpressive ers have succeeded satisfying since late October. Longer term peace or on financial support; me oniy twium issues, over 20 years, recovered) for U.N. peacekeeping opera-iknown to have won was on a up to $6.25 of their recent $20'tions the two problems he i question he raised as an aft- dr2P' lciled 1 in stating he wou1 ierthougbt. He has always ce- or the third consecutive week not offer himself for a second; tr, th cpp- treasury bills declined. Three term.

strmgly at 6 month bill rates are now itl It was obvious from his letter tary-general should play an lm-their lowest lever in three and subsequent statements that 'portant role in seeking world months after a decline of 45 bas- he was unhappy about what he peace an(j should not serve sim-is to 5.15 per cent- considered the failure of the fls admims.trative officer, since mid-September, powers to make proper use of; often brought him Yield spmady-btttjy-ecflhree thf United Nations for and sifflonth bills nar- disputes. into ocnfhot with the Soviet Un- rowed from over 25 basis points I Without mentioning names, heiion and it was this that led to in mid-November to about eiht imade it clear he felt that the his remark that the secretary-basis points, said Salomon United States had strayed from general should be more than "a Brothers Hutzler. a 'Drinoiples by 'its massivet fusing year-end currents, The New York Cotton Ex .11.. i. nrnrl f- fho IK IU mM- "6 change attributed the increased activity and firmer prices to reports that the amount of desirable qualitijs of cotton left in ivjiucu ui mu idiij is uuc iu.ucojc.

if.vw iin r(vpnf trains slpm reinvestment by the big A technical recovery cutjths of 1966 for these producers 5rom the Srlal ment funds so that their port-some of the worst losses taken I suggest an increase in--the mobile will took impressive to the in a selling drive Wednes-1 mieal industry's profits for 1966! ancing terms 0f which are si-financial community. day, but not enough to rescue! of less than 10 percent fmj miar to those in the auto field. in tne ween jusi enaea, meivue uiaihtu worn anuiuer ae-jthe peak $3.19 billiJn of 1965 government stocks was getting short, and to the U. S. Depart Dow Jones Industrial Average cline, Earnings prospects far indus-! Generating Equipment Backlogs ment of Agriculture statement Wall Street brokerage firm.

uiai Liieiuiudi y.uuuv.a uuuues. tuiiuuuc iu th averaep market nrinpc rWr on1 flirHw nwotinn' omnn. U1U dVei mdlKei prices HeXt The Security Council sought to -v. ar i hfi ahnt W5 rent a Ion vnarc frm rirtw PppAnll year profit progress is projected for this segment of the industry through the first half of 1967. In view of the erosion in Student Group Discusses Issues sank 13.87 to 789.47, leaving it i Prices were depressed again near the upper limits of the 780-1 Thursday another drop in the 790 support area which has tor-jnation's gold stock was report-med the basis for pas strength, jed and major manufacturers Volume was 36.922,903 reported to have cut the for the full five day trading output of home appliances, week compared with about 28 1- Feeble attempts at rallying million for the four-day trading; got nowhere Friday when, again week previous, cut short by the tmore stocks fell than ross al- trends have been toward nucear reassure him on this point.

It declared that it fuy respects his position and his action in brineina basic issues and dis- This year they have been about 21 cents, although they power generation. Backlogs federal funds were ne ed, 'trading in the 5 to 6 per cent range. Market improvements in corporate bond prices up to $3.75 came late in the week and more than overcame earlier losses. The volume of new is-sues currently are trading' at about equipment producers are huge, synthetic fiber prices, the earn 22. ings outlook for this segment of and, with the ra anuf acturing An added factor was a report lead time on power boilers gen the chemical industry for the first half of 1967 is not parti the 1967 official crop forecast ThanKsgiving nonaay.

unougn some averages nucigeti Of 1,591 issues traded on tie higher. erally 18 months and more, actual shipments of power boilers may be cut from 10,290,000 bales cularly promising will probably increase nicely injtne Nov estimate, to JO mil- Pnnularitv nf Mnhiln Homes isoo anu lvianers ui puwoi lion. a developments to the South Carolina student legisla-j ture today considered a attention, tory school attendance law andj Most U.N. diplomats had nev-a resolution concerning the In-jer accepted his decision as fi-eligibility of basketball player They felt that, with the Mike Grosso of the University amount of world pres-of South Carolina: SUre and with an appeal to his The mock legislature, 0f utyi he would put up of college students, also his personal preference to scheduled to elect new officers. iretire The four-day session ended this: That is what they concentrat- Trapped Children Rescued was light and offering yields were unchanged.

A decline in municipals since November continued into the week but was reversed at the close. For the week, municipals were up about $5. -j l.m-. ii Manufacturers' shipments oi i uouej-s nave Bcueiiij homes for 1966 are ex-jfiedinto other heavy equipment ALBION, Mich. (AP) Two the sinking car," said Dean bected to surpass the record to-1 areas, dux gains in uwse mai- children one trapped wW-sh.

had to be. Her head and fl Zfi an air pocket and the weren't" even 1 01 The federal government currently hole's an estimated 9.954,-000 bales, of which the Commodity Credit Corp. owns. and holds as collateral against loan notes 861.000. It has cut its holdings 3,263,000 bales since Aug.

1, when the current season began. U. S. cotton exports for the Boost For Housing Industry whose buoyant snowsuit floated; when we first spied her." him to the surface survived a Pamela's brother, 15-month-car's plunge into an icy nverjoM Jimmy, was rescued by a Friday. The accident the motorist who saw Mar'ha Eck-lives of thir mother and bereiDagrer's car skid on ice and two other children.

flip over a bridge railing into Sheriff's Sgt. Roger Dean de-jthe Kalamazoo River about a scribed as "a miracle" the and a half west of Albion, vival of Pamela Eckelbarger, 4, jhe motorist, Wendell Bishop until a wrecker flipped the Albion, said Jimmy's zip-merged car on its side 49 jpered snowsuit brought him into minutes after its plunge. sight almost immediately he tracts awarded for residential construction. "October's contract statistics showed further movement ajlong the direction that construction has been taking ver since early spring, when credit scarcity News Briefs MEXICO CITY (AP)-The Italian Embassy expects that donations from Italian residents of Mexico and funds raised by charity shows to aid flood-stricken Florence and Venice will total $320,000. The newspaper El Sol reported a benefit movie showing presided over by Gina Lollobrigida raised about $16,000.

By JACK LEFLER NEW YORK (AP) The government acted during the week to pump new life into the badly ailing housing industry. President Johnson released $250 million in special funds to finance the purchase of mort afternoon. led on Almost every world lead- The school attendance meas-ier appealed to him reConsid-ure would affect all children er diplomats, such as from seven to 16 years of age'u Ambassad(r Arthur J. lacking a sixth grade education. ldberg constantly perssed on The resolution regarding the6view tnat bis retirement so asked that the A antic Coast je ardize the future of Con erence make full d.sclos- aggrav8te world ure" of the reasons it ai 66 him ineligible to play.

problem The House and Senate swapped bills they each hadj Fait WONIing Sreiielenate today was MARDELA (AP) House-passed bill allowing thefarmer Paul Phd i o'tmake certain that hunters who At iv. nn a'fmake certain wee enaeo. ruesaay were 94,000 bales, compared with the previous week and the comparable week last year. They raised exports for the season through Nov. 29 to baels, up from 1,018,000 last year.

vi. began to distort this gages from savings and loanDot)ge said. "The year's cumu- im sure sne was cdugm aDie to reach him. associations and other lenders lative increase in total contract an air pocket that formed inside Drowned with Mrs, Eckelbarger, 24, were her, daughter Lois, 8, and son, Frederick 6. Pamla and Jimmy were reported in fair condition Satur CARACAS, Venezuela (AP)-countv ODtion basis, whieh annually flock to tms eastern The sheikh-less sands of the would iimjt the sale to area during tne aeer sea-Coro Peninsula next spring willlpiaces, organized clubs, hotelison don't shoot unless they are Awards Given To Newsmen er i i il 1 day at an Albion hospital.

certain of their quarry. offer Arab-style camel rides Boyd Taking Over Knight DC" Bureau WASHINGTON (AP) Appointment of Robert S. Boyd as chief of the Washington Bureau among the native Venezuelan tourist attractions. Four male value reached a high of 11 per cent at the end of March, and since has dwindled steadily to the current four per cent as the home building situation has become progressively worse." The question of an income tax increase in 1967 remained up in the air. President Johnson was working on his budget, for the 1967-68 fiscal year that may total a record $140 and was reported still undecided about a tax increase.

"It's still a 50-50 one government source said and two female camels are and motels; and a bill legalizing voluntary abortion under! certain conditions. Before the House was a Senate-approved measure which would allow the governor of South Carolina to run for He posted four signs along his property where it jolni the road: "Shoot a deer, "Mount a rack. "Shoot a hog, "I shoot back." coming here as gifts of Jordan's WINSTON-SALEM, N.C. (AP) Th Associated Press Satur King Hussein, the tourism ottice announced. who write mortgages.

The action came at a time when housing starts had slumped to a 20-year low. The mortgage financing assistance wU come from the Federal National Mortgage Association, a federal Congress earlier this year authorized the agency to spend billion in support of housing. The government will make the funds available only for houses on which construction has not yet begun. Another restriction is. that only mortgages that are no larger than $15,000 will be purchased except in high-cost areas.

A shortage of money in the hands of savings and loan associations arid other lenders has day honored Charles Craven of the News and Observer in Ka of the Knight "cwspapers. was announced Saturday night by Lee Hills, executive editor of the six-paper group. Effective Jan. 1, Boyd is to succeed Edwin A. Lahov who leigh and Bob Myers of the BERLIN (AP) Communist Charlotte News lor excellence Dean said officers had no idea anyone was alive within the car until a wrecker pulled it over on its side.

It had landed on its top in the water. "When we peered inside," Dean said, "there she Pr le-la was, smiling faintly. She didn't say anything." Nurses at the hospital said the child told them later I thought I was going to and asked where her mother was. Apparently Pamela had been ridirg in the rear seat, which was thrown out of its normal position, exposing the car's trunk, which probably held suf- fininnf air Ia Iraan fhfl ivator ruled East Germany has agreed to train 2,500 North Vietnamese in trades, crafts and technical specialities, the official news has been Washington bureau! chief since 1956. Lahey contin-l ues as chief correspondent ofj agency ADN reported.

in feature writing during 1966. Craven and Myers were pre-se-'ed awards for contributing the best sotries in the AP's feature exchange program. There are two contests, one for morning newspapers, won by Craven, and one for evening papers, won by Myers. The entries were judged by Santa hetoer. Fish And Chips: A National Dish Bv EDDY GILMORE LONDON (AP)-Fish and chips not roast beef and Yorkshire pudding is the national the papers.

The Knight group includes the Detroit Free Press, Miami Herald, Akron Beacon Charlotte Observer, Charlotte News and Tallahassee Democrat. Boyd, 38, is a native of Chica made it extremely difficult re cently tor those who want to buy MOSCOW (AP)-Tass, the Soviet news agency, reported the Soviet Union will send "a big consignment of stone crushers" to North Viet Nam to help repair U.S. air raid damage to roads and aid in construction of homes and industrial projects. neutral editors from outside the back for the 40 minutes rt look nouses 10 "na mortgage n-rescuers to overturn the car. nancing.

Thn h3l cnn ormmH cn F. W. Dodge a construe -H. dish of Olde England. go and a graduate of Harvard that the trunk and back section and marketing informationj More than that, it is also theiBefore joining the Knight group were in deeper water than the' concern, reported that further most, popular food in Scotland front, from which-ihe wind-i weakening in the housing mar- Wales and Northern Ireland.

stale, presentations were mace at the fall meeting of the North Carolina Associated Press News Council. Charles Barbour of the Durham Herald won second place in the contest for morning newspapers and Robert Rosenblatt of the Charlotte Observer placed with the Detroit free Press in 1957, he wirked for the State Department and for the Lafayette, Daily Advertiser and shield was broken. The car wasi et caused the total of; Britain's 15,000 fish and chip snhmprped tn the ton of its un-' construction contracts awarded; shoos cook 1,000 tons of fish ev- turned wheels. I in October to fall to working day. With this go the Benton Harbor, News Mrs.

Eckelbarger and thei0 from $4,355,890,000 a yeari 600,000 tons of potatoes annual-! Palladium. He came to Knight's third children were returning from a earlier. ly. The cooks use 80,000 tons of I Washington bureau in 1960 OTTAWA (AP)-Canada's first five-cent commemorative centenial stamp, to be issued Jan. 11, shows the red maple leaf flag and a blue centennial symbol superimposed on a global view of North America with Canada emphasized in blue.

It is expected to total $20 million in year-long sales. Local Stocks Bid nd skJ prices for stock of Rocky Mount based businesses with Runnerup in the contest forjfarm where they had gone for! Continued large gains in most; oils and fats to fry them into evening paDers was Jim Harden eggs after Lois and Frederick kinds of nonresidential con-what are called "french fries" of the Shelby Daily Star. Thud; had finished school for the day.struction last month failed the United States. was Frank M. Roberts of the The father.

Frederick was1 offset ihe 35 per cent drop from Who eats fish and chips? Jacksonville Daily News. I at work at an Albion tire and October 1965 in the value of con- Escape Blocked BERLIN (AP) A young Eaft German gave up an escape attempt at the wall today when Communist border guards brought their sub-machine guns I Craven's story was a detailed battery service company, report on perversion in the state! Just about everyone from royalty to the rag and bone man. Fish and chips are unthinkable without salt and vinegar or lemon. They are just about as unthinkable wrapped in any On Display PRAGUE, Czechoslovakia (AP) One of the U.S. airmen shot down in raids Friday close Coldest Wave prison system and an outline of possible solutions to the problem.

Myers, a sports reporter, wrote about the late Noris Friel, into action, West Berlin police! reported. The man, about 20 years old, thing but old newspapers 100 or. more stockholders are nsrea weekly. Quotations are; listed for Friday afternoon, Dec. 2.

BID ASKED Bank of Hocky Mount 30 Coastal Plain Lite I3'i -Hardee's Food Systems, ln. 13 n'i Peoples Bank Trust Co. 45 Planters Nitl. Bk. I Trust.

34 Rocky Mount. Mills HO This wrapping soaks up ex-lstopped in a barbed wire tangle; IV who was chief technical inspec-j tor and head policeman for the. to Hanoi was presented Satur and oil. It gives1 as uve snois were urea, ne was; Strikes East National Association for Z.iock 4LaHanoiTommittee for I'ZlH Car Auto Racing (NASCAR) Inve.igation of American Earlier Saturday, delegates to Crimes," the Czechoslovak ASSOCIATED PRESS The coldest weather of the AP News Council meeting the news agency CTK said. fish fryer something to read when he is at work.

For years the National Federation of Fish Fryers has dis- It identified him as Lt. (JO). iiccw a vain, i uiov. uooiuu vii nii i-nit. shortage of manpower in cled the East on Sat- -while some sections dug David Rehmann, 24, Bay City CHANCE of a Lifetime --Perhaps YOUR Lifetime! field of journalism and heard a Mich.

He was reported to have patched frm its annual confer- out from heavy snow. talk by Lou Garcia, AP News ence a telegram to the National been injured when his Navy Across the continent, a Pacif photo editor in Atlanta. We help fill stockings for thousands of families every year. We understand perfectly. Buying nice things for the holidays can be tough on your budget.

Gifts. and relatives dropping in. It's the one time of year when extra money can be a big -And, for years now, we've been helping thousands of Santas all across the country. May we he'p you? We'll certainly try. Ph ntom as felled north ol ic storm hurled winds and rain lv.

luliii uuucu nutua atij i aui Union of Journalists. In the form of a fraternal 17. unlit arcia spoke on More Enter-! fiJirl Snuthprn t.alunrnifl tlnrvnin Hanm a nA Tkfl Cnmat twivc n0pnrv prpptinff thp frvprc -pynlain niemoers oi me panel on ine; rfisnatrh on the meet-i our trade is wraDned manpower shortage were ing, said Rehmann's face was'in yours." slides. Charles Hauser of the Greens- in wt4n. Diain.

uiei eiiiii uuiiifu aiu ukflo' tw ln Daily News Nady Cates ol Christmas shoppers his feet bandaged and one hand 2 movingt a fast pace. fin a sUng, rev 'n ri, State police reported all mam the Shelby Daily Star, and Prof open again in snow-Kenneth Byerly of he School in.wesB and northern Journalism at the University ofiv HOW MUCH CAN YOU USE? Moore Schedule RALEIGH (AP) Gov. Dan Dvrvio TAPEWRIiiRS North Carolina at Chapel Hill. More lhcn 300 pupils at the! Corenhacen (N.Y.) Cental Moore scneduie tor -tne weeK School left for their homes Sat-; includes presentation of Lamarj urday after being marooned of Asheville as a mem-; Right now we're looking for several men with some business experience preferably sales to join our steadily expanding staff -of account executives in our Wilson office. This experience may or may not have been, in the brokerage These are the men we pay to help people invest their money as wisely as possible.

To become one, you work and work hard. If you have no previous brokerage experience, you go through seven months of the most intensive training, including three months of classroom sessions in New York City. You get paid while you learn, of course receive salary based or your background, your experience and your personal requirements. rf you're seriously interested in lifetime career with us, to do work that pays in terms of both money and satisfaction, we'd like to hear from you. Tell us in writing obout your background, education, and experience; be sure to include your address ond telephone number then send your letter in confidence to W.

Johnston King, Manager Cash Monthly PiymenH For ToMStt 36 Mo. 24 Mo. 18 Mo. $300 $14.45 600 28.70 37.02 inoo 47.73 61.55 1200 $40.92 574 73.82 1500 61.14 71.48 92.19 2000 I 68.13 95.28 122.83; Lon Up To $3500 Credit Life and Debility Insuring 4vafdCe to LbgiDit Borrower about four feet of snow piled Jpr of state Ports Authority in Fndav storm. of the village nea-j wonaa'-Watertown provided the shelter; Monday night the governor y( hp't hornet overniht to the; will speak at the meeting of the about 20 lacu ty; Mount jy chamber of Com-' members and several bus driv-l merce.

ers. A special news conference wii' New York City, with 17, and be held by the governor with :9. exrcri-day. The topic has not been an-f pneed their chilliest weather nounced. the autumn.

Wednesday, he will attend an A low of 19 above rero broke emergency planning test exer-i Make durable, raised-letter labels on the spot for files, office equipment, presentations. Built-in dual tracks take "and BONE'S RESTAURANT AT Stride's Truck Stop 301 By-Pass Open 24 hrs. a day for good food GOOD SERVICE SERVING: STEAKS, CHOPS, SEAFOOD AND CHICKEN AT REASONABLE PRICES. Come To See Us JU ii 1 ni 'he record for Dec. 3 in Charto-j cise in the State legislative build-; 3" tapes.

Dymo Metal Tape- writers for the office from 'fn. w.va. nig ana inursaay wu mm iw Ohio where snow on the the North Carolina Board of. 'Tund in the northeaern sc-! Science and Technology. MERRILL LYNCH, PIERCE, FEIUIM ER SMITH IIMC tion of the state ranged np to The governor bas Friday set.

service e9'i by Commercial C-Wit Corpirjtten 618 NORTH CHURCH STREET Phone: Gl 2-7161 i-ches marked down new, aside for office appointments. hws for the date in at leatj citi. Amone hem wee a factory at Settimo discovered 51495 SOUTHERN OFFICE SUPPLY 119 WEST NASH STREET, WILSON 27893 For example, after fire years as a securities salesman, 1965 the overage Merrill lynch account executive' earnings put him in the top 2 of Americans in terms of income. Paf th 7ero. Akron with 2 a third century Roman tomaj and Clevelarr with 7.

Friday. Experts from the pro- jvincial office of antiquities OLD TOMB FOUND found inside a sarcophagus con-j TTRTV Italv (API Work- taining the remains of a man 422 St. 446-5123 men digging the foundations, for, and a woman..