Stock Market Report Updates and Market Movements
Daily business and financial page tracks gains and losses across major indices. Traders react to corporate earnings and economic data as markets close with mixed results and cautious outlooks.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 30, 1968
Page
2
Daily business and financial page tracks gains and losses across major indices. Traders react to corporate earnings and economic data as markets close with mixed results and cautious outlooks.
Wall Street saw broad declines in many issues while gains clustered in select names. Polaroid slipped about 3 percent after 31 000 shares traded and Cutler Hammer rose about one half to 45 1 2. Commercial Credit jumped, narrowing early losses. Ford and Boeing posted small gains as Dow rose 2.37 points near noon.
The New York Stock Exchange circulated noon prices with various stock div idends and payable in stock details. Major names listed include Sinclair, Halliburton, Merck, Mead, and Roan as well as many others, showing bid and offer levels, ex-dividend statuses, and recent distributions across sectors.
Inter dealer NASD quotations show Timk RB TranWAl Transem Siva Transitron Tenant TRW UniOnCal UnionPacit Uniroyal UnitAirLin Unit Cp Un Fruit Unit MM US Borax US PsyCh US Smelt US Steel UnivOPd Upjohn Varian Vendo Was WestgE Weyerhl Whirl Cp White Met WinnDix Xerox Cp ZenithR. Copyright Associated Press 1968.
A compressed page brief indicates an over the counter IEE item on page 1 A. Data snippets show noon Tuesday figures with values such as 6.3 6.9 95.6 6.1 and references to Associated Press util fund details.
Former President Dwight D. Eisenhower faced multiple health issues from 1955 to 1966 including ileitis a 1956 intestinal blockage mild strokes in 1957 and 1965 a gall bladder removal in 1966 and a 1965 heart attack Witnesses described him pale yet conscious upon hospital admission and a nurse noted IV fluid as he was escorted through the lobby Officials said he might remain at the base as the Secret Service determines his plans with hospital administration stating the current intent to stay.
The forecast calls for fair and cool conditions in North Carolina with overnight lows in the 40s and near 50 along the south coast. South Carolina also expects fair skies and cool temperatures with lows mainly in the 40s and near 50 along the coast.
Stone promoted to manager of the Flex-O-Lators Inc High Point plant. He previously served five years as a sales engineer for Oxia mators Inc and is known in the Highland North Carolina area. Robert Perrell will succeed Stone in sales and represent the company in High Point eastern North Carolina Virginia and South Carolina.
Record sales and earnings for McDonald’s first quarter ended March 31. March sales reached 26 million plus, the highest monthly total in company history. Earnings rose to 1.503 million, about 44 cents per share, up 30 percent from 1967. Total first quarter sales for franchise and company units was 67.726 million, up 23 percent from 1967.
Electronic Accounting Card Corp reports sales of 3,162,022 for the period, up 7.8 percent from a year earlier. After taxes earnings jump from 123,300 to 280,000, a 113 percent rise. EPS climbs to 27 cents from 24 cents.
Pat Watson named area manager for the High Point office of Key Realty. Watson has more than 16 years of experience in the real estate business in the High Point area.
Author Alexander Solzhenitsyn protested that Western publishers obtained his new novel The Cancer Ward while it is banned in the Soviet Union. He cited a report from an anti-Soviet group in West Germany saying the manuscript was sent to the West by Soviet secret police to discredit him.
Rev. Ralph Abernathy leading the Poor People's Campaign tells a Senate subcommittee that the poor need a crash program of low income housing and job training. He warns lawmakers to consider the hungry and homeless while deliberating spending and vows nonviolent actions to back their demands.
Margaret Edith Louis 61 wife of a regional food market magnate was abducted in Lafayette and held three days. A ransom note was left but no money paid. She was treated well and released Friday night in Golden Gate Park after a man bound and blindfolded her during captivity.
Rockefeller plans a major Philadelphia address to outline his Vietnam war views and the GOP’s path forward. He gathers political heavyweights including Morton Miller and Scott in New York to rally support as he signals a formal candidacy declaration.
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