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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 10, 1967
Page
2
American New York reports the stock market moving toward a fresh yearly high in active afternoon trading. Major exchanges weighed extending shortened sessions into next week, signaling continued market optimism and potential rule changes.
A historical AP bulletin notes cotton futures showing a modest decline as demand signals fluctuate. The report cites price movements and percentage changes, indicating cautious trading amid uncertain market conditions for the cotton sector. The figures reflect a broader commodity trend for the period.
A compact glossary lists terms used in stock markets such as over the counter z sales ex dividend ex rights and warrants without war rants and next day delivery. It notes quotations from NASD as representative inter dealer prices around 10.3 a.m. today and that markets change through the day with prices not including retail markup or commissions.
Forecast states variable cloudiness and scattered thundershowers tonight across North and South Carolina and Georgia. Cooler conditions arrive Friday, with temperatures from the 50s in North Carolina mountains to 75 near the coast. rain prospects diminish toward the west and east portions.
A high speed express struck the rear of another train near Odense Denmark killing nine people and injuring about forty. Rescue teams battled chaos lifting passengers from wreckage as oil spilled on the tracks hampering operations.
Ish Motor Co led Ford's rival in the Charlotte District earning a Gold Car Award for sales leadership in 1966. The award honored more than 400 dealers in the district spanning South Carolina and most of North Carolina.
Blue Bell Inc of Greensboro reports nine month sales of 100.664 million, up 2.8 percent from a year earlier, while nine month earnings fall to 2.884 million from 3.939 million. Earnings per share drop to 2.16 from 2.95. Quarter sales are 34.22 million, down 46 percent from a year ago, with profits about 709 thousand and earnings per share 0.53 compared with 1.23 last year.
Top salesman G Reid Marsh of 605 Sherbrook qualified as a member of New York Life Insurance President's Council for 1966 67 sales. Only 315 agents earned this from over 7 000. Marsh earns attendance at the August 21 25 educational conference in Los Angeles California.
Drexel President R L DeBell will head Drexel Furniture Co starting November 30 1967 succeeding David J Bruwn who announced plans for early retirement as of the same date DeBell will oversee all marketing and sales for the original parent company now a major division of Drexel Enterprises Inc He also serves as VP of Drexel Enterprises and GM of the Drexel Furniture division
A federal commission urged rapid correction and expansion of riot control training for the National Guard. It called for a quick move to strengthen officer qualifications and prevent substandard appointments. As of Dec 31 1966 the Army Guard had 4,638 Negro personnel out of 404,996. Air Guard had 475 Negro members out of 80,822.
Washington AP brief reports a sharp Senate dispute over allowing Export-Import Bank financing for U.S. machine tools for a Soviet Fiat auto plant. Senator Dirksen cites Vietnam War deaths to block the sale while Johnson-backed aides push a five-year renewal of bank lending from 9 to 13.5 billion dollars.
The testimony details a pattern where firms hire management consultants to train supervisors, identify and pressure pro union workers, stage captive audience sessions, and threaten plant closure. Legal loopholes delay elections, while communities mobilize against unions, and forced withdrawals, firings, and blacklisting follow. When elections fail, employers stall bargaining with restrictive contracts, prompting strikes and anti-picketing injunctions as police escort strikebreakers, aiming to crush union power in the textile sector.
A bandit robbed a Charlotte branch of First Citizens Bank & Trust Co. at Sharon Shopping Center, escaping in a late model car after pistol whipping the manager Phil Chadwick and teller Mrs. Josephine Collins. Police described the suspect as 35 to 40, wearing blue work clothes, a straw hat and red gloves. both victims were treated for serious head cuts. The bank sits near Celanese Corp. and Eastern Airlines complex.
SNCC leader Kwame Ture quoted in a Cuban magazine saying Americans would have protected Johnson if armed. James, deputy commander of the 8th Tactical Fighter Wing, discusses Black Power and military integration since Truman’s 1948 order. He notes the armed forces’ integration proves it can work.
North and South Carolina border belt markets opened the auction season with an average price above $68 per hundred pounds. State officials hailed the crop as fantastic, with bids brisk and quality rising. Growers reported $70 averages at Lambertown and prices from $61 to $71, while Fairmont warehouses displayed several $74 base baskets. Auctioneer Jimmy Jolliff noted selling without government loan baskets.
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