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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 31, 1967
Page
2
The stock market rally gains traction as trading stays active in New York. Key and higher priced issues rise with the Dow Jones up 7.86 at noon to 901.58, continuing a week where gains outnumber losses around 3 to 1.
The note lists footnote letters for various stock payments and dividends with qualifiers such as stock dividend liquidation declared as of 19 plus stock dividend and paid last year. It includes references to 1966 1967 and terms like ex-dividend and when issued.
U S Savings Bond sales in North Carolina reached new July and year to date highs. Series E and H bonds showed strong gains led by Guilford County with July sales of 490 162 and combined January July totals of 3 177 567, about 55 7 percent of the county 1967 quota.
The noon update from the New York Stock Exchange shows combined index activity in New York with stock movements across major sectors. Investors monitor gains and losses as trading continues amid market fluctuations.
Senator Strom Thurmond joined ten Southern Democrats in voting against confirming Thurgood Marshall to the Supreme Court. The confirmation passed 69 to 11. South Carolina's Hollings and North Carolina's Ervin sided with the minority. Jordan did not vote.
Weather outlook for North Carolina and South Carolina. Occasional rain or showers in coastal areas with scattered showers inland, mainly in the mountains, and mild to warm conditions elsewhere. Highs 73 to 85, lows 50s to 70s, with cooler air in western portions tonight and Friday.
A bumper flue-cured tobacco harvest in the Georgia Florida Belt pushes prices down four cents a pound from last year while costs rise two cents. Growers gain about 200 pounds more per acre but face unsold excess as buyers demand thoroughly ripe low nicotine leaf. Four markets will run cleanup auctions in Baxley Douglas Metter and Moultrie to clear the surplus.
The American Nazi party seeks a court injunction to bury George Lincoln Rockwell in a national cemetery after half a dozen cemeteries refused. The ACLU Northern Virginia chapter accepted the Nazi request and plans action against the Army to permit interment. Rockwell was cremated after clashes at Culpeper and Virginia cemeteries where troops blocked burial plans.
Duke Power reports its 50 000th all electric home conversion last year. The Clemson South Carolina residence owned by I N Patterson marked a milestone as the firm notes 1 751 such conversions in 1966 and projects more than 3 000 in 1967.
Eckerd Drug Stores announces a 17 cent per share dividend with Aug 31 record date. The payout is about 13 percent above the prior quarter. First quarter sales reach 10.93 million dollars, up over 2 million from last year.
London sent a cable from Foreign Secretary Brown to Chinese Foreign Minister Chen Yi to discuss restoring normal relations after unrest in Peking and London. Officials warn Mao Zedong’s purge may climax soon, with Hong Kong and the Beijing-London feud central to tensions. Shen Ping, China’s London envoy, refused to confirm receipt.
Police probe a brutal killing of 74 year old Katherine Thompson Wood a Delaware and Philadelphia society matron found beaten in her Pennsbury Township home two watchdogs nearby may have witnessed the crime no weapon found no motive known Mrs Wood sister of James Thompson silk magnate who vanished in Malaysia and once married to Osburn Wood
The United Auto Workers board decides which of General Motors Ford or Chrysler will be the focal firm for a pattern-setting contract. Walter Reuther plans a news conference to announce the target as union negotiators urged rejection of company offers ahead of contract expiry.
Fires burned about 11 000 acres of brushland northeast of Los Angeles as scorching heat hit the region. Downtown temperatures rose to 100 degrees, with Burbank at 113, while smog readings near Azusa reached .73 ppm, the second highest in county history after 1955.
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