Stock Market Opens Lower On Broad Decline
New York shares fell at the open with Du Pont down 2 to 164, Sunasco at 12, General Electric 92 58, Transamerica 51.5, E G G 63.5, Reynolds Metals 41, Texas Gulf Sulphur 124, Emhart 33.54 amid broad selling.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 22, 1968
Page
2
New York shares fell at the open with Du Pont down 2 to 164, Sunasco at 12, General Electric 92 58, Transamerica 51.5, E G G 63.5, Reynolds Metals 41, Texas Gulf Sulphur 124, Emhart 33.54 amid broad selling.
The passage lists footnotes for dividend rates in the New York Exchange table. It defines symbols like b, c, d, f, g, h, k, n, p, r, t, x, xr, xw, ww, wd, wi, nd, vi, In, and In foreign issues, indicating annual disbursements, stock dividends, liquidating dividends, and other special payments.
The Supreme Court opens two weeks of hearings on a New York challenge to a state law requiring public school systems to send textbooks to students in parochial schools. The case pits two New York school districts against the federal government and several states, with major religious and civil liberty groups supporting both sides.
The AFL-CIO Communications Workers defied court injunctions in Alabama and Kentucky during a nationwide telephone strike now in its fifth day. CWA president Beirne derides AT and Southern Bell efforts to end the dispute as anti union. AT T reports service largely maintained despite disruptions and hostile incidents at picket lines and damaged equipment.
Police say Ada Fortune also known as Ada Cramer died after being shot in the head at an apartment on Dixie Street around 4 p.m. Jesse Brown of Lexington has been arrested and charged with murder.
Partly cloudy and mild tonight and Tuesday across North Carolina South Carolina Virginia and Georgia. Showers or thundershowers possible in mountains Tuesday afternoon or night with highs from 78 to 92 and lows mostly 50s. Temperatures trend above normal Tuesday through Saturday with 0.5 to 0.75 inch precipitation mainly showers and scattered storms midweek.
The Associated Press board reports a multiplexed leased wire system will lower costs despite rate hikes. Committees study long term financing for heavy equipment and future delivery developments. Knight leads a report on improving speed and economy of AP communications amid Vietnam War and civil rights coverage.
Lt. Gov. Bob Scott told the academic community to aid North Carolina in addressing rural and urban issues during a Mecklenburg County campaign swing. He noted failures in housing methods, rural poverty, and the need to plan for urban growth with a proposed Department of Urban Affairs to coordinate planning and services.
London AP report says Enoch Powell, removed from Conservative high command for a controversial race speech, refuses to back down as Heath leads a unity effort. Powell mails a letter denying racialist intent while keeping parliamentary support.
Fourth District Congressman Jim Gardner will split duties between Washington and North Carolina this week. He serves in Congress Monday to Thursday then flies to NC three nights to press the Republican bid for governor. He plans rallies and campaigning Friday through Saturday in multiple towns.
Democratic gubernatorial hopeful Mel Broughton used a helicopter tour in the western Piedmont to boost support. He started in Charlotte and planned 17 stops in Cleveland County before a Shelby barbecue at 6 pm with his wife Mary.
Charlotte AP a textile executive and Republican gubernatorial hopeful Jack Stickley rests ahead of the May 4 primary. He plans a 5:30 p.m. Scottish Rites dinner in Charlotte and meetings with editors, with a light schedule and several local appearances canceled or postponed. He will visit multiple North Carolina towns including Mount Airy Winston Salem Kernersville Clemmons Lexington Hildebran Mitchell County Marion Greensboro Asheville and possibly Asheboro.
Southern Buying Syndicate in High Point reports a shift toward larger chains. Tobin notes the middle man is hurt most and pre selling becomes essential as riots and looting fears spread. Despite issues, he says furniture retailing remains potentially rewarding.
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