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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 21, 1967
Page
2
The Associated Press stock page shows the Dow Jones style averages after noon trading shrinking as major issues slimmed. Gains faded while losses in Dow components like General Motors and Du Pont weighed on industrials. Allis Chalmers steadied after a delayed block purchase.
Local in surance executive John W. Herndon is attending a quarterly board meeting here this weekend of the Carolinas Association of Mutual Insurance Agents. Herndon is a National Director of the bi state property and casualty agents organization.
The directors of North Carolina National Bank have declared a regular quarterly dividend of 0 cents per share payable September 30 1967 to shareholders of record September 8 1967.
At Acapulco a gun battle during a copra growers union banquet left 22 dead and about 100 wounded. Police and soldiers detained around 184 people for questioning as rival factions clashed and Soviet Chinese tensions flared in the region's aftermath.
Soviet government warns China that harassing Soviet air defense over Ha Gia rail yard near Hanoi risks undermining trade and ship ping pacts. Moscow notes MIGI7 loss, first known Soviet aircraft downed by Red missiles, as Red forces deploy antiaircraft fire, missiles, and interceptors along the Route to Thai Nguyen.
Washington AP report outlines competing opinions on Thurgood Marshall as a Supreme Court nominee. Supporters praise his long NAACP work and legal skill, while critics warn his confirmation could shift the court toward judicial activism for years. President Johnson nominated Marshall June 13. Senate vote date pending after August 3 committee results.
Republican Gov. George Romney says the 1968 presidential nominee with the best odds will be the one who can prove he can end the Vietnam war at a reasonably early date. He spoke at Mackinac Island during a weekend background session and will discuss the war in more specific terms after a possible Vietnam trip. He also addressed racial tensions in Flint, urging support for open occupancy ordinances.
News desk reports at noon on New York Stock Exchange trading with the index showing movement as transportation sectors edge higher and financial stocks lead gains. Market conditions reflect broader economic signals and investor caution amid index shifts.
A helicopter rescue recovered two of four wounded U.S. soldiers after guerrillas tortured them on Saturday. The Air Force reported 179 mis- casualties and that the other two soldiers died.
AP dispatch from Washington reports the administration’s foreign aid bill, worth 3.1 billion dollars, faces resistance in the House after a Senate setback. The House Foreign Affairs Committee backed the measure 27 to 7, but many members seek cuts across economic aid while military aid may remain largely intact. Rep. E. Ross Adair leads a Republican push for belt tightening and possible reductions, though supporters privately warn many will trim the bill amid possible tax surcharge votes.
Whitney M. Young Jr. urged Congress to prioritize domestic programs for slum relief over Vietnam War spending. He said a four year domestic Marshall plan could guarantee jobs and end urban unrest, arguing the war drains resources better spent at home in Portland. The Urban League chief noted Congress has cut anti slum efforts, challenging his prior stance to fight both slums and war.
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