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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 01, 1968
Page
2
New York stocks opened strong on President Johnsons peace proposal but cooled after a Japanese report that North Vietnam might ignore it. The Dow rose to 52.58 at noon, volume surged toward a 1929 record, and the Associated Press average gained 4.7 at 307.4 as gains outweighed losses by about five to one.
Stocks show varied moves with sizable activity in industrials and tech groups. Major movers include Motorola and General Electric with notable price shifts while the Dow Jones average remains near session highs amid mixed trading.
No. 2 cotton futures opened today in New York 60 cents to $1.05 a bale lower than yesterday's close.
Forecast for North Carolina and South Carolina indicates variable clouds and cooler conditions. North Carolina expects scattered showers mainly east with cooler nights and highs in the 65 to 75 range, while mountains stay cooler. South Carolina sees scattered showers or thundershowers mainly east with highs around 70s and cooler nights.
A table of A.P. Stock averages lists numerous company names with fractional values and percentage figures. The excerpt includes references to Teledyn, TRW Inc, Tex G Sul, Tran eWair, Westa AirL, WinnDix, Woolworth, and others, plus a summary line on high and low prices for 1967 and shifts for 1968 dividends or distributions.
Fragmentary stock quote shows FABRE and MONI figures with small cent changes. The text is garbled but indicates price levels around 0.85 and 0.66 with percent or cent movements and a 4.98 or 40.63 value for a security, reflecting an incomplete noon update.
Five day outlook shows North and South Carolina temps above normal from Tuesday to Saturday. Day highs expected in the 60s in the mountains and 70s elsewhere, with night lows 45 to 55 and around 70 in the mountains. A cool Tuesday then warming trend, followed by cooling by Saturday. Up to half an inch of precipitation, scattered mainly afternoon and evening showers or thundershowers.
Thomasville Lee Cude becomes field sales and customer relations head for It Furn iture Industries Inc. at TFI in a new post. John T. Ton announces the move. Cude resigned from Bassett and no official title has been assigned yet.
The space in Thom area will close when the lease expires in May. The operation is expected to continue its presence at the Western Merc Mart in San Francisco.
The President announced he will not seek or accept the nomination for another term. He cited division over Vietnam and the dangers of partisan politics as reasons, pledging to focus on national duties rather than personal causes. Reactions from Nixon McCarthy and crowds at the White House reflected surprise and shock.
U S bombers and warships halted most attacks in North Vietnam as President Johnson ordered a cutback the 10th since February 1965. The command said fighter bombs limited actions to above the DMZ hitting gun positions and a complex of facilities near Cat Bi airfield southeast of Hai Phong.
North Carolina figures react to Lyndon Johnson's decision not to seek reelection. Gov. Dan Moore and others call for unity behind Johnson's pursuit of peace, while rivals like Dr. Reginald Hawkins and Jack Stickley assess implications for the 1968 race. The mix of surprise and strategic speculation spans Democratic and Republican camps.
The President described a yearlong deliberation with Mrs Johnson about exiting. He recounted trading a suit for a blue shirt at the post mortem news conference and noted the family’s mixed reaction, with Lynda uncertain it was as immediate as announced.
British and Soviet Union cochaired the 1954 Geneva conference and may push for a new session to end the Vietnam conflict while the United States weighs Johnson’s invitation to use influence for peace. Paris commentary splits between appeasing U.S. policy and drafting another negotiation term. Japanese officials cautiously welcome the move, hoping for a positive outcome in Asia.
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