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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 29, 1966
Page
2
The New York market surged lower at mid day as volume climbed to 5.42 million shares in the first hours, many big blocks sold at lower prices. Analysts weighed whether this marked a selling climax or one of several pullbacks before any rally. Glamor stocks fell several points across a broad front.
A brief list from the New York Stock Exchange at 3 pm reports selected transactions with net figures, highs, lows, and last prices. The data shows price changes for a range of stocks as traders note shifts in the market.
New York AP report explains noon price transactions and dividend abbreviations used in the exchange table. It notes annual disbursements, stock dividends, ex dividend and ex rights terms, and other related notations for 1965 and prior periods.
Magnuson cited test results showing tar contents for Pall Mall filters 43.3 mg, Pall Mall non filters 32.7 mg, Chesterfield filters 27.6 mg, and Chesterfield plain 27.0 mg. He urged FTC action to enforce disclosures and warned of possible violations of the FTC Act by cigarette firms.
Variable cloudiness with scattered showers possible near the mountains. Temperatures largely steady through Tuesday with lows 54 to 60 in the mountains and mostly in the 60s elsewhere. In South Carolina the weather remains variable to partly cloudy with little temperature change and lows mostly in the 60s.
North Carolina and South Carolina forecast mild conditions from Tuesday to Saturday with near normal highs around 81 to 89 degrees and lows from 58 to 69. Precipitation expected totals range from half to three quarters of an inch as rain or showers near period end.
Former President Harry S. Truman warned spiraling rates threaten a deepening depression as the Federal Reserve tightened credit. He urged action to curb borrowing costs, citing risks of deflation and higher government costs, while noting officials may already recognize inflation risks.
North Carolina starts distributing reflectorized license plates crafted by the State Prison Department for sale in January. A Prison Enterprises spokesman says production is 90 percent complete as the state plans a color change to silver and green. In Raleigh Central Prison 85 inmates produced 18,000 plates since March.
A grand parade marks the American Legion’s 48th national convention in Washington with 20 000 marchers along Pennsylvania and Constitution Avenues. More than 6 000 musicians, 400 National Guardsmen assist police as crowds exceed 50 000. Javits addresses on Viet Nam war and Legion policy.
Humphrey warned that rioting in some cities could backlash against local Democratic officials but not against national candidates. He noted high federal spending as an issue while saying Great Society benefits would offset it. Kennedy plans to campaign in many states but Humphrey expects about 80 appearances across 35 states with numerous unfilled invitations.
North Carolina Guilford County executor Belton Victory of High Point announces all persons firms or corporations with claims against the estate of J T Victory deceased must present them by February 15 1967 or be barred. Debtors should pay promptly. August 12 1966 Belton Victory executor 804 Hickory Chapel Road High Point NC Silas B Casey Atty 8 15 22 29 9 5
Moscow reports Luna 11 has entered lunar orbit following a 36 hour gap in confirmation. Britain’s Jodrell Bank confirmed signals, noting Luna 11 likely in orbit and aimed at surveying possible manned landing sites. A U S spacecraft had been orbiting the moon for two weeks with similar goals.
Lunar Orbiter completed its photo survey by attempting to photograph Surveyor 1 at its landing site. The mission will continue transmitting pictures taken from its orbit until September 15, with Site 8 among the areas documented.
Fifteen thousand women volunteered to use Hor monex Beauty Serum on the face neck and hands for 12 days to assess wrinkle reduction. Scientists call the test impressive and claim many small wrinkles diminished. The ad markets a money back guarantee and urges readers to try seven drops daily. It lists Eckerd Drug Stores as retailers and prices the bottle at $3.50.
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