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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 03, 1967
Page
2
The New York Stock Exchange saw sharp declines as trading ran late on Thursday after a presidential request for a 10 percent tax surcharge to fund the Vietnam war. Heavy trading accompanied the fall and the ticker tape lagged behind.
NASD quotations show representative inter dealer prices around 10 30 a m today with futures figures quoted as of that moment Inter dealer markets vary through the day and do not include retail markups or commissions
The text lists footnote codes for dividend disbursements and related actions such as ex dividend ex distribution stock splits and warrants. It notes that values are annual based on recent declarations and clarifies conditions like special dividends and statuses ceding or increasing payments. It also references bankruptcy status and foreign issues under regulatory acts.
President Johnson warns the nation about the 1978 budget as expenditures could reach 135 to 143.5 billion dollars, influenced by Congress and the executive. Revenues are projected lower than January, potentially creating a deficit of 23.6 to 28 billion dollars, not counting 700 million more in debt interest. He cautions that such a deficit threatens national security and economic health.
Forecast for North Carolina, South Carolina, and Georgia calls for mostly warm, partly cloudy days through Friday with widely scattered afternoon and evening thundershowers. Mountains may see more thunder activity. Lows range from 57 to 75, with highs 86 to 94 in Georgia and similar warmth elsewhere.
Charlotte AP report states a two month undercover campaign led to 59 arrests for selling wine and beer after hours in Mecklenburg County. Henry Severs, enforcement chief of the Mecklenburg Alcoholic Beverage Board, called it the first action under a new state law targeting late-night sales, previously handled by the State ABC Board.
James Brewer, vice president of Erwin Lambeth and president of the SFMA Traffic and Transportation Division, will address the Mississippi Retail Furniture Association meeting in Biloxi on Aug. 7. He will tell Mississippi retailers about SFMA's research on packaging and transportation.
The board of directors of Indian Head Inc in New York has elected Robert W. Lear as president and chief operating officer and named him to the board. Lear has been a group vice president at Carborundum Co and previously held executive and marketing roles at American Standard Corp.
U S Air Force C130s moved 150 Congolese soldiers to Bukavu to bolster defenses as rebels and Katanga mercenaries push east toward the Rwanda border. Congolese forces report Punia and Lubutu captured after bitter fighting, while mercenaries advance from Punia.
A tribunal faulted Britain's nationalized coal board for the Aberfan disaster last October in which 116 schoolchildren and 26 adults died. It cited bungling ineptitude and a lack of tipping policy, saying many fears were dismissed and tips should be treated as potentially dangerous.
FBI Director Hoover tells the civil disorders commission no evidence of a conspiracy behind urban disorders. Cambridge and Cincinnati police chiefs blame outside agitators and Brown for July 24 riots while urging passage of a bill to make crossing state lines with intent to incite riot a federal crime. Senator Thurmond calls for Carmichael’s arrest if he returns from Cuba and seeks charges of advising overthrow of the government and assassination.
A fire department captain and a fireman driver were demoted and given demerits after an investigation of a July 24 incident at Main Street and Lexington Avenue. Allison fell to fireman driver, Zazh to fireman, and Smith to fireman. Demerits: Ellis on 500 and Smith 250. The ruling cited misconduct off duty but bringing credit to the department.
City Council approved bagging parking meters to aid a six day downtown sale event sponsored by merchants. The HiPo 67 5000 event is planned for October with shoppers targeted during the October 2 7 sale period downtown.
The narrative describes Svetlana Stalin portraying her father as crowds-averse and irritable over foreign dress and perfume. A Daily Mail Evening News review by Olga Franklin notes limited extracts and defends Svetlana's memoirs amid court action over unauthorized editions.
A compact reflection on the risk of missteps despite progress. The saying warns that steady effort can fail if one chooses the wrong destination or turn, stressing vigilance in choosing paths and goals.
Uruguay faces a deepening crisis as strikes widen across unions pressing a pay rise to offset living costs. News reports say government limits on wage hikes clash with CNT leftists backing the walkouts, while power cuts and food shortages intensify daily life in Montevideo.
Tass citing unnamed witnesses said China nears civil war with armed clashes involving Red Guards workers students and soldiers in central and south regions. Dispatch claims witnesses arriving from China reported increasing civil war conditions across several areas.
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