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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 10, 1968
Page
2
The stock market staged a major rally with high volume led by large and small trades. The Dow rose 13.18 to 897.60 at noon and the Associated Press index gained 4.4 to 320.1, driven by Du Pont gains and broad blue chip strength amid a holiday-shortened week.
The New York Stock Exchange reports selected afternoon prices with sales, net changes, highs and lows. Last price and change are noted for listed securities in a concise market update.
Partial AP text shows stock averages and market terms for 1964 1967 periods with damaged phrases about cash, dividends, and ex dividend status. No clear company names or figures are readable.
In New York, No. 2 cotton futures opened ten cents per bale lower to forty five cents above the previous close indicating a mixed session start for the market with price shifts observed today.
Forecast for North Carolina and Virginia notes mostly east portion with fair or clearing skies. Lows range from 52 to 58 in the north and 38 to 64 in the south with 50s elsewhere. Virginia sees mostly cloudy conditions tonight with scattered showers southeast and a few showers elsewhere, low 48 to 54 in the southeast.
A dense set of numerical figures appears, including averages and ratios such as 897.60 13 18 esp 220 5141.72, 124.23 0.51 and 900-42 3.40 75.27 0.74. The data is presented with minimal context, copyright notice indicates Associated Press 1968.
A period from Thursday through Monday will see near normal average temperatures along the coast and in the mountains. Night lows will run from 44 to 54 degrees in North Carolina and around 57 in South Carolina with areas near 50 degrees in some spots.
Three High Point savings and loan executives have been appointed to 1968 committees of the United States Savings and Loan League. J. D. Dobbins of Atlantic Savings and Loan, A. Scott Parker Jr. of Perpetual Savings and Loan, and W. D. Lee Jr. of Piedmont Savings and Loan are listed with their respective committees.
A group of over 35 North Carolina dealers visited Motorola's Franklin Park Illinois corporate headquarters and color television assembly facilities during a business trip led by Paul A. eee on Reathouten T.V.
John Harmon is appointed merchandise manager at Harmon Gets Post American of Martinsville. He has five years with the company and previously held roles in advertising, regional sales, and market research.
Record quarterly sales for the first three months surpassed 104.612 million, an increase of over 3.36 million, per R B Taylor senior vice president of agency operations. It marks the second straight year with first quarter sales above 100 million.
Uniformed officers stood watch at the tomb of Martin Luther King Jr in South View Cemetery as mourners filed in for the funeral ceremonies. The day featured a major public vigil with political leaders including Hubert Humphrey Edward Kennedy and Eugene McCarthy among attendees.
Duke students press for a minimum wage of 1.60 an hour and the campus protest on the main quadrangle continues rain or shine. Howard Fuller urged the white power structure to listen and warned of unrest if ignored. Mayor Grabaret praised Fuller for calming tensions and the group seeks a bargaining committee and Duke President Knight’s resignation from a segregated country club.
Raleigh mayor announces no curfew tonight unless conditions require one. A later news conference with the governor will decide on revoking the local ban on alcohol sales. National Guard Colonel Manooch says no activity is planned and no moves will be announced until further notice.
Police say a fourth man, Charles Baldwin 21 of Brooklyn New York, was arrested hitchhiking near Wake Forest. The $18 000 bank robbery saw three bandits inside the Wachovia Bank and Trust Co South Raleigh branch flee as a deputy arrived. Officers recovered $6 000 from Baldwin while two other suspects, Mervis Jennette 23 and an unnamed third man, were arrested nearby.
Reports describe 1300 Lincoln students amid demonstrations sparked by Dr. Martin Luther King. Rioting escalated with a fatality, at least 35 injured, and over 175 arrests as 4000 police and guardsmen enforced a curfew last night.
Vice President Hubert H. Humphrey is scheduled to speak Thursday in Winston-Salem at an event honoring Dr. James. The appearance is part of a broader campaign stop and includes remarks expected on national issues.
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