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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 18, 1967
Page
2
Bethlehem raised steel prices and the sector showed a mild upturn. Bethlehem rose only slightly while Republic Steel and Jones and Laughlin gained about a point. 48.8 Steel also moved higher as the overall market favored gainers over losers by about three to one.
Early Friday trading shows a small gain as the Dow Jones average edges up to 920.25 at noon. Investors weigh merger activity and looming factors including Labor Day, potential auto strikes, tax concerns, and the summer rally's durability. The AP average for 60 stocks stands at 338.0 with mixed sector moves.
Directors of Colonial Stores Inc announce a 35 cent quarterly cash dividend on common stock, matching last quarter, with a 50 cent quarterly dividend on outstanding 4 percent preferred stock. Dividends payable September 1, 1967 to holders of record August 18, 1967. Harold V McGee elected a member of the American Institute of CPAs in New York and is a partner at Seidman and Seidman in High Point.
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