Newspapers / The Carolina Times (Durham, … / July 16, 1966, edition 1 / Page 7
Part of The Carolina Times (Durham, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
COLONIAL STORES SALES IIP 9.5 PERCENT; NET PROMT UP 23.5 ATLANTA, Ga. Colonial Stores Incorporated, one of the nation's major retail food chains today repotted sales for the first 24 weeks of 196(1 were up 9-5 percent over the com parable period of last year, and net profit was up 23.5 per cent. In an interim report to share holders, Carl J. Reith, Colonial President, said it was by far the best first half year in com pany history. The 24-week 'pe riod ended on June 18 Net profit, after provision fur Federal income taxes, was $3,-_ 368,417, equal to sl.lO a share on common stock versus 90 cents in the first 24 weeks of 1965, based on 2,815,332 shares currently outstanding. Sales were 5244.509.300 com puared with $223,378,924 in the first 24 weeks of last year. The report stated that a New Hope Ass'n In Session At Mt. Zion In Chatham County ROXBORO The ninety-six annual session of the New Hope Missionary Baptist Association will convene at the Mt Zion Baptist Church, Chatham Coun ty, July 19, 20, and 21 The Association is composed of 35 Baptist Churches within the Apex, Durham, Chapel Hill, and Mebane area The theme of this year's session is "Chris tian Leadership in An Age of Power." Features of the program will be the Associational Sermon by Dr. J. W White, president of the General Baptist Conven tion of N. C., a panel discus sion on the Theme: a pre Asso ciational musical; the modera tor's Annual Address by mode rator J. R. Manley of the First Baptist Church, Chapel Hill, and the administering of the Lord's Supper. LAST THREE BIG DAYS!!! SATURDAY * liSi W MOST ITEMS AVAILABLE IN ALL 4 jf, DURHAM STORES AND CH * H ' LL! *WL: i 2'for°2lc 2 for 21c ' V «i|'/. —— l 1 POPULAR BRANDS I pi.OH till. H Beautiful Buys^^tl ■Napkins ... 11c J BATHROOM Mc BOX *» ■ TISSUES I Kleenex 21c ■ H *** larce B ° x 2 for 21c | nso 23c | ■ 39c CAN PLANTERS 9 BATHPOWDER I Peanuts 29c I AND PiRPUMB M •'•®° TUiSY , OTH J Deodorants... 50c p L j ■ fTT7TTm./tf "njaxonable" growth in sales and earnings is expected dur ing the remainder of the year "barring any tinforseen cir cumstances" A' II was pointed out that, wilfh the continuing improvement in sales and earnings, Colonial's quarterly dividend on common stuck was increased from 30 to 35 cents a share with the June I payment. Mr Iteith stated that nine new food stores were opened and 22 existing units were en larged or remodeled during the first 24 weeks of this year. Fourteen older stores were in operation, compared with 428 at the beginning of the period Galaxy Drugs, a wholly-owned subsidiary of Colonial, had 11 drug stores in operation Mr Reith said that 18 new food stores are expected to be opened during the remaining 28 weeks of the fiscal year, and 37 existing units are scheduled to be enlarged or remodeled. Colonial currently has opera tions in the following states: Alab am a, Florida, Georgia, Kentucky, Maryland, North Car olina, Ohio, South Carolina, Tennessee, and Virginia. --Video Continued from 4A much easier for the runner DURHAM PLANS TO SEND YOUNGSTERS TO AKRON Parents and soap box derby officials have come up with the idea of sending the 20 Negro youths who participated in the annual Soap Box Derby to Akron, Ohio to see the na tional race August 6. These people have started soliciting funds for the over night affair They expect the cost of the trip to be about S6OO. Led by Negro Jayces, John Amey, Harris Ginyard, J. C. Scarborough 111, Dick Wood ard. Larry Hunt and Floyd Wicker along with Sam Moore, a promient worker with the youngsters on building th e racers, several representatives have gone to local civic and religious leaders to take the the trip. The group will leave Durham Thursday night, August 4, spend Friday in the city of \krop. sightseeing and watch the race Saturday. They will depart for Durham immediate ly after the race Saturday night. Contributions and donations may be sent to Wicker at 2942 Driftwood Drive or he may be contacted by phone 489-2003. Of the 20 boys who partici pated in the race Sunday no boy advanced beyond the quar terfinals in etiher of the group classifications. But if Durham can send these youngsters off to Akron to see the national race, they will all be winners. •-Williams Continued from 4A both being timed in 28 3 In the second run-off, Williams nipped Lowery who posted the fastest time of the afternoon of 27 5, by a tenth of a second. George, riding a blue racer for Newton's Instrument, de feated Sony Dowdy, sponsored by Red and Wbite. in the Class A championship after winning over Tony Graves, Walter Hal tey, Barry Goodman, Richard Belk in the preliminary heats. -Beauty Continued from front page teachers and experts from the beauty products industry will be among the gathering of beauty specialists and techni cians. D. A Julius, owner. Sunshine School of Beauty, Miami, Flor ida is the Administrator of the Institute. -Demos Continued from front page greTsional seats are of vital im portance to all Misstssippians, C.uyot declared. "The fact that Negro have been deprived of their voting lights through legal machinations of this State, and the fact that they still find it difficult to register to vote in m?ny areas, means that any gains made in getting people on the books Will be lost if they are not permitted to participate in the November elections." • Asked if federal registrars had helped the registration process in Mississippi. Guvot replied. "I read an independent report this morning that said where federal registrars are working, an increase of 43% registered Negroes is noted. And this is in opposition to an an increase of only lo'r where there are no federal registrars, r don't know how anyone can talk about voting procedures and the right to vote where '"iere are no registered r voters." Approximately 33% of voting age Negro Mississippians are registered to vote, according to Justice Department reports. -Murder Continued from front page i morning at 1:15 am. at Lin | coin Hospital after having sub i stained a pistol wound of the | stomach Monday afternoon | about 4:30 p.m. McCrea, 40, of 205 Peach- I tree Alley, denied the shooting •vhich took place at his fath er's home. Mrs. McCrea told the investigating officer H. L. Hayes that McCrea fired the bullet which struck her in the | stomach. j Latton's father was picked up I for immediate questioning after | the incident but was released j early Tuesday morning. SOFTBALL LOOP ! STANDINGS BILL JONES SLOW PITCH LEAGUE W L Pet. Bombers 7 2 .778 I Agents 6 2 .750 | Hornets 5 2 .714 Tigers 7 3 .700 Turks 6 3 .667 : Socialites 5 4 .556 Rockets 2 6 .250 YMSC 2 7 .228 Kings 0 11 .000 * • • CHARLES HARRIS FAST PITCH LEAGUE Elites 13 1 929 First Calvary 12 3 .800 Twins 12 2 .800 Imperials 8 6 .571 Falcons 6 8 .429 j Blue Jays 4 9 .308 TA. Grady 0 12 .000 * 1 Hour Mod. 0 13 .000 * • • BULL CITY WOMEN'S | LEAGUE Ruth Gordon 11 0 1.000 Amey 9 2 .818 | Centurettes 9 2 .818 j Blue Jets 5 6 .455 ! Colt 45s 5 6 .455 I Weavers 3 8 .273 | OBTs 2 9 .182 T A Grady 0 11 .000 IMPORTED HAKE SCOTCH [ 71 i ! fKVtK JtVL'St {House i| v KRUaiWiID 1 I KARE J) \ SCOTCH WHISKY lirw jrll iWLk r ** Sco/fau/ wfiH/W jjggggyjjg ins ttiiMi uitn nan win rm mini ir urn insi mihub. in. nni. * * I c 4 | ♦ f ♦ 1 REV. McCASKILL -Pastor Continued from front page in Bessemer City and Marion, Rev. McCaskil lhas studied ad ditionally at Hood Theological Seminary. He is leaving the pastorate of Fishing Creek Baptist Church in York to accept the Mount Bright post. Rev. McCaskill has studied ad former Miss Elvera Lowry of Clover, S. C. She has worked as an IBM operator for Colonial Life Ins. Co.. East Ordnge, N. J . and the Humble Oil and Re fining Co. in Charlotte -Insurance Continued from front page vice president of the Life In surance Agency Management Association, Norman O. Hous ton, president of Golden State Mutual Life Insurance Co , and Murray Marvin, director of planning. North Carolina Mu tual Life Insurance Co. A panel discussion on the roles of corporate planning, product research and customer service will feature Harvey Russell, vice president, Pepsi Cola; Watts Hill, president, Home Security Life Insurance Co.. and Dr. Jerome "Brud" Holland, president of Hamp ton Institute. The convention will hold sesssions in the new twelve story North Carolina Mutual home office building and in the Jack Tar Hotel. In addition to Gilliam, vice nresidents Gerald T. Howell of Universal Life, Memphis, and Maceo A. Sloan, North Carolina Mutual, will be in charge of major sections of the twelve session agenda. -Leaoue Continued from front page dent of Phelphs Stokes Fund of New York continues as Chairman t>f the Board of Di rectors. William H. Kelley of Phila delphia was elected Vice Presi dent. ■"ffisriiiiiffliii SPECIALS! Living Area Cooling ' M c ' il3 "° ' Removes impurities, |Wo fluid, a match, one piece of paper does i>.'F| —dust. • Dehumidifies. • ————— —^- BEDROOM MR CIHIHIIRER Operates on any adequate 115-volt household circuit. i ' "—* / .—: . - The ideal only I _ —-y;r balance Model HP 608 ff of cooling $| A 450 \TT TXT Modei rp 205 * 218 15 J* comfort! 4.000 B T.U TABLE $1 J95 J * LEGS 11 Leq» Only) ~ EVERYBODY'S TALKINQ ABOUT 1 MEBANE LUMBER CO. "The (.ompony That Insists on Quality ' LO('ATKI) ON'K MILK EAST OF MFH\NK ON HICHWAY 70-A Phone 563-9271 OPEN SATURDAY 7 A.M.-Noon SATURDAY, JULY 16, 1966 THE CAROLINA TIMES- REPORT OF CONDITION OF MECHANICS AND FARMERS BANK Of Durham in the State of North Carolina at the close of business on June 30, 1966 ASSETS Cash, balances with other banks, and cash items in process of collection . $ 1,300,336.30 United States Government obligations, direct and guaranteed - 3,815.914.88 Obligations of States and political subdivisions 599,326.91 Securities of Federal agencies and corporations not guaranteed by U.S. 2.724.567.19 Other securities ............ 103,626.22 Other loans and discounts 6,405,270.01 Bank premises, furniture and fixtures, and other assets representing bank premises 312,348.83 Real estate owned other than bank premises 1,008.00 Other assets . 137.257.64 TOTAL ASSETS > . $15,399,655.98 LIABILITIES Demand deposists of individuals, partnerships, and corporations . $ 5,441,081.90 Time and savings deposits of individuals, partnerships, and corporations 6,278,860.17 Deposits of United States Government 301,033.96 Doposits of States and political subdivisions 1,774,174.50 Certified and officers' checks, etc. 275,886.79 TOTAL DEPOSITS $14,071,037.32 (a* Total demand deposits $ 6,773,177.15 (b) Total time and savings deposits $ 7.297,860.17 Other liabilities (including $ None mortgages and other liens on bank premises and other real estate! 361,432.13 TOTAL LIABILITIES $14,432,469.45 Total deposits to the credit of the State of North Carolina or any official thereof $ 482,809.88 CAPITAL ACCO LISTS Common stock—total par value 502,350.00 No. shares authorized 200,000 No. shares outstanding 100,470 Surplus . 443,705.00 Undividend profits .... 21,131.53 TOTAL CAPITAL ACCOUNTS ._ 967,186.53 TOTAL LIABILITIES AND CAPITAL ACCOUNTS . $15,399,655.98 MEMOR A N /> A Average of total deposits for the 15 calendar days ending with call date 13,966,672.41 Average of total loans for the 15 calendar days ending with call date . 6.342.769.55 Loans as shown in item 7 of "Assets" are after deduction of valuation reserves of 93,947.72 Securities as shown in items 2-5 of "Assets" aie after deduction of valuation reserves of 31.500.00 I, I. O. FUNDERBURG, Cashier, of the above-named bank, do solemnly swear that this report of condition is true and correct, to the best of my knowledge and belief. State of North Carolina, Correct Attest: County of Durham, ss: I. O. FUNDERBURG Sworn to and subscribed before me this 12th day of July. 1966. and I hereby certify tha't'T am not an officer or director of this bank. J. H. WHEELER J. S. STEWART W. J. KENNEDY, JR. JOSEPHINE S. STRAYHORNE, Notary Public My commission expires December 10, 1967. Directors 7A
The Carolina Times (Durham, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
July 16, 1966, edition 1
7
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75