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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 03, 1967
Page
2
The New York stock market opened with losses while the Dow Jones Industrial Average hovered around 862, down 3.79 at midday. Despite an 6.63 drop earlier, technical support near 860 limited further declines as some blue chips posted modest gains in a fairly active session.
The Associated Press reports the New York Stock Exchange index at noon showed traders pausing amid cautious sentiment as markets awaited afternoon direction. Major industrials and techs traded mixed with volume steady and investors digesting recent earnings.
A yacht couple attempting to sail to France aboard a 45 foot vessel bought in Singapore were shipwrecked 300 miles south of Bathurst Island. They lacked fuel and did not know a Roman Catholic mission lay 40 miles away. The yacht was uninsured and plans to resume their voyage remain uncertain.
Forecast covers North and South Carolina with cooler nights and mild days. Mountains see lows near 40s, lower 60s to 70s elsewhere, and five day trend calls for above normal temperatures in the west and near normal in the east. Precipitation light with scattered showers possible.
The Sperry and Hutchinson Company known for S H Green Stamps released its first annual report to stockholders since becoming public last April when about 10 percent of its stock was offered. The company now lists on the New York Stock Exchange and has begun diversification by acquiring Sienomnes Inc., a major carpet maker.
Stanley Furniture Co. Inc. named Cargill Wilson and Acree of Richmond Virginia to handle its consumer and trade advertising. Robert J Culpepper Jr, director of advertising and public relations, announced the appointment and said a new extensive consumer program will launch in September to align with the fall selling season.
Thieves hid in Belk Brothers Department Store in mid town Charlotte and looted cash jewelry and furs valued between 50 000 and 100 000. Night watchman Onan Smith Sr. was attacked and hospitalized with scalp wounds as detectives report the thieves escaped with loot from safes and fled via a loading dock.
Four robbers stole about 389000 in cash and checks from an armored truck near a shopping center in Quincy. Police pursue fingerprints and ballistic tests while a getaway car loaded with weapons is traced. the route stretched from Fall River to Salem and one man was questioned and released.
Former U S ambassador to India John Kenneth Galbraith as ADA president argued the Vietnam War is unnecessary and would damage the Democratic Party. He criticized officials for plans of a long war and urged acceptance of U Thant's peace proposals without qualifications.
The opening round of village council elections in South Vietnam proceeded despite Viet Cong terrorism. Officials said 495,044 of 614,806 eligible voters cast ballots in 33 of 43 provinces, with 1,299 of 1,964 seats filled and 2,718 candidates. Security incidents totaled 123, including 34 acts of terrorism.
Eight main paper producers have announced a $3 per ton rise in newsprint prices effective July. Kimberly-Clark and Southland Paper Mills were not yet committed, with industry chatter suggesting they could decide the final outcome. Abitibi Paper Co and seven others joined the hike on 90 days notice, including Domtar, Great Lakes, Great Northern, Consolidated, Bowater, International Paper and Canadian International Paper with Montreal ties.
Robert Gauchie, 39, was rescued after 58 days stranded on an isolated lake near the Arctic Circle. He had food but no fire as temperatures dropped to well below zero and his feet were frozen. He was on a routine 550 mile flight to Yellowknife, N.W.T. when the crash occurred on Feb 2.
A rifle salesman with no criminal record and a Young Communist League connection checked into the Terre Haute House on November 25 1963 carrying a long package then left without it the next day. Investigators traced calls to a gun shop and rifle ammo seller and noted a bus ticket to St Louis.
A Hospital Saving Association rep promotes Blue Cross hospital coverage nationwide and locally. The ad highlights tailored eye coverage options and precise cost design to fit budgets. Call 88 32116 for details.
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