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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 11, 1967
Page
2
The New York stock market moved down in light trading Friday afternoon with the Dow Jones industrial average dropping 2.95 to 922.27. Losses outweighed gains as performance funds booked profits across glamor stocks and other high-risers.
The overheated market led exchanges to cut hours to four to ease paperwork. The Associated Press average of 60 stocks slipped 0.6 to 341.1 as industrials fell 0.6, rails 0.8, and utilities 0.1. Ling-Temco-Vought made a tender offer of 45 dollars a share for its stock.
The document lists footnote codes and definitions used in cotton futures dividends, explaining regular and special disbursements, stock or cash components, declaration timing, and various classifications such as ex dividend, ex rights, and new issues, with notes on payment timing and special conditions. It also notes status indicators like bankruptcy, liquidation, or foreign issue caveats.
New York and American stock exchanges will keep shortened trading hours through next week to ease a logjam of paperwork after record volume. The boards of governors decided to extend the 2 p.m. close nine minutes early, with regular hours resuming Monday, Aug. 21. They also plan to double daily settlements on one day next week and two days the following week.
Forecast covers North Carolina South Carolina and Georgia with variable cloudiness mild temperatures and scattered showers or thundershowers near the coast tonight. Lows mainly 50s to 70s, highs Saturday 70s to mid 80s, with much below normal trend through Wednesday and calmer conditions inland to coastal areas.
E. V. Saude has been named vice president and general manager of Allied Systems Corp., manufacturers of programming systems in Greensboro. He was formerly vice president of the OEM acts Division of MacPanel in High Point.
Edward Silver secretary treasurer of Silver Knit Hosiery Mills Inc announces Mark Ten Associates of Lincolnton to handle all advertising and public relations. Hege Middle ton and Neal Advertising of Greensboro previously served as the agency.
Davis Furniture Industries adds two district sales representatives R. E. Cleary Associates of Chicago will cover Wisconsin and Illinois. Robert E. Slocum of Philadelphia will handle Delaware and part of Pennsylvania.
A pre dawn blaze heavily damaged the 100 year old Alexander County courthouse in Taylorsville North Carolina just after its interior renovation. A town officer found the fire around 5 am as firefighters from Stoney Point and Hiddenite helped battle the flames. Some records including most tax records were saved. The courthouse was to anchor a new governmental complex with two extra wings.
Raleigh AP reports Negroes make up about 1.44 percent of North Carolina National Guard, above the 1.05 percent national average. As of December 31, 179 of 11,442 Army National Guardsmen were Black, and one of 1,080 Air National Guardsmen was Black. Col. David Donovan notes potential new enlistments and says the guard is open to Negroes in both enlisted and commissioned ranks.
Noon New York Stock Exchange Index shows slight declines with the industrial and transportation sectors affected. Temperatures will remain cool through Wednesday with no large daily changes. Precipitation totals three quarters to one inch or more, mainly as showers or scattered thundershowers along the coast, with heavier values in eastern sections, then again mid next week.
Washington AP A presidential panel urged expanding Negro National Guard recruitment drawing mixed Capitol Hill response and doubts at the Pentagon. Sen Harris said it would improve riot handling. Sen Thurmond and Maj Gen Cantwell questioned the idea. Pentagon noted McNamara studied the panel. Guard officials say efforts to recruit Negroes have had limited success.
Senators Clark Mansfield and Javits weighed Vietnam election issues as the United States ponders cuts to defense funding ahead of Johnson policy decisions. Vietnam plans a Sept. 3 presidential vote with eleven tickets including Thieu Ky ticket, and Kennedy accused candidate barriers and harassment by the military government.
Montreal AP Ashley Montagu the American anthropologist says the feminine trend in men and masculine trend in women are good. Both sexes need to learn traits such as tenderness love and adventure. Women are biologically central and intellectually strong, while men show muscular power. Montagu notes most marriages are difficult compromises.
Warren Webster a 33 year old traffic warden in Kidderminster tickets his mother in law for six minutes over parked at a meter. In court she questions the handling while Webster defends his duty. The magistrate fines her two pounds five shillings and sixpence.
In New Orleans AP report, Judge Frank J. Shea denied Dean Andrews’s bid to oust District Attorney Jim Garrison as prosecutor in the Kennedy assassination probe perjury case. Andrews rested after subpoenaing three witnesses. a five-man jury will be chosen for the trial with Andrews defending himself portions, while a lawyer handles the perjury proceedings.
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