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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 18, 1967
Page
2
The New York Stock Exchange led higher early Tuesday with the market firming despite declines in Chrysler after a sharp earnings drop. Chrysler fell from 62.5 million to 18.2 million in the first quarter, while Ford and General Motors slipped slightly after prior strength.
The excerpt explains how dividend rates in the table are annual disbursements based on the last quarterly half of semi annual declarations. It defines special or extra dividends in footnotes and lists symbols b n p t with meanings for stock payments cash values and shares, including 1965 and 1966 adjustments. It references New York and stock exchange details and cites figures like 20 cents per line ex 9.16 0.21 7 23.
Stock averages show mixed movement with the Dow lining near 970.98 and modest gains for several indices while a few slip. Traders await signals and broader market cues as numbers shift slightly.
Bank debits in North Carolina's major financial centers climbed in March compared with a year earlier, per figures from the Reserve Bank of Richmond. Asheville up 19 percent, Wilmington up 11 percent, Fayetteville up 10 percent, Greensboro-High Point up 9 percent, Raleigh up 4 percent, Durham up 3 percent, Charlotte up 2 percent, while Winston-Salem fell 15 percent. Smaller centers showed mixed gains and losses, with Kinston up 5 percent and Wilson down 3 percent. Debits reflect checks drawn on demand deposit accounts, excluding U.S. Government and interbank accounts.
General by fair and cooler conditions across the state on Wednesday. Lows tonight range from the upper 40s in the northwest to the lower 50s along the coast. Highs Wednesday expected in the 70s.
Chrysler Corp. reports net income fell from 62.5 million in Q1 1966 to 18.2 million in the first quarter of the current year. Board chairman Townsend cited tighter credit, federal safety standards, and a cautious public mood as factors. Virgil Moore and other executives supported the briefing on the automaker’s results.
Engineers from the Northern Branch of the North Carolina Section ASCE and the Piedmont Section of NC Chapter ASCE will gather April 27 at the Voyager Inn in Greensboro. A workshop on the new NC Code is set for 1 p.m. Dinner will be served at 6:30 p.m.
A bill to abolish capital punishment in North Carolina won a favorable report from the House Judiciary Committee though some members oppose it on the full House floor. Rep Herschel Harkins led a failed bid to send the measure to the floor without prejudice while Rep W W Staton expressed cautious support. The discussion follows a similar bill defeated two years ago and comes amid related debates on judicial reform.
The Brown-bagging bill aims to let private and social clubs, hotels, and restaurants obtain state permits to allow liquor transport and possession beyond homes in wet and dry counties. It would permit limited on premises drinking and possible room drinking in dry counties once licenses are issued, with specifics on permits and enforcement outlined.
The Senate Ethics Committee privately considers censure or stronger rebuke for Senator Thomas J. Dodd over financial matters and ties to Julius Klein. The six member panel debates whether censure or condemnation is the harsher form while awaiting final decision. Dodd denies wrongdoing and could not be reached for comment. Chairman John Stennis also did not comment.
Five persons were arrested in Elkin after midnight in connection with a TWUA strike at Chatham Manufacturing Co. Two charged with public drunkenness, one with disturbing the peace. at least three were members of the strike group. Eight pickets remained at gates as three shifts operated at about 90 percent capacity.
Moscow AP reports the Soviet Communist Party issued this May Day list of slogans with only minor wording changes year to year, reflecting shifts in Kremlin thinking. The Vietnam line demands unconditional cessation of bombings and U.S. troops withdrawal, signaling a new push to block a nuclear force. West Germany references drop mentions of a peace treaty and focus on combating neo Nazi forces, signaling concern over National Democratic party gains.
At Northwestern University Kennedy opposes a universal volunteer army, warns it would produce an all black army. He chairs a Senate subcommittee studying draft reforms and notes few students would volunteer. He cites economic disparities and calls for détente with the Soviet Union.
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