Market rally lifts Dow in early trading
The Dow Jones industrial average rose 4.18 points to 790.53 at noon as the market recovered part of three days of losses this week. Despite gains in most major sections, many stocks remained down for the week.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 30, 1966
Page
2
The Dow Jones industrial average rose 4.18 points to 790.53 at noon as the market recovered part of three days of losses this week. Despite gains in most major sections, many stocks remained down for the week.
The Associated Press report notes President Johnson frames himself as neither hawk nor dove on Vietnam while insiders say he favors peace offers, with advisers like McNamara seen as dove and Dean Rusk as a hawk. It discusses potential U.S. risk if South Vietnam falls and the divide in hawkish and dovish camps.
George Hurter quoted a woman saying she spoke to the man by phone and recognized the voice as her brother from a long ago name. The inmate reported to a reporter that he could not make out the confusion.
Louisiana Governor John J. McKeithen rejects the federal court ruling mandating desegregation of Southern public schools by fall 1967 and predicts a Supreme Court reversal. The 5th Circuit upheld HEW desegregation guidelines affecting Alabama and Louisiana districts amid ongoing political opposition.
Forecast for North Carolina and nearby areas calls for fair to partly cloudy skies and cold nights with lows 25 to 33. Saturday brings increasing clouds and light rain likely in western portions. highs 36 to 44, mountains 45 to 55 elsewhere. Five day outlook shows near normal temperatures with rain totals around one to three quarters of an inch.
Author editor Harry L. Golden remained on the critical list at Memorial Hospital Charlotte with guarded hope for recovery after gall bladder surgery Tuesday night. A hospital spokesman noted some improvement while he still needed intermittent aid from a mechanical respirator. Golden, 64, has been a noted critic and civil rights advocate and is known for his book Only in America. His son Richard cited cautious optimism from Dr. Raymond Wheeler.
The 42 year old Appalachian State Teachers College administration building was destroyed by fire during the Christmas break. No one was harmed, temporary offices will be used in White Hall, and construction of a new $575000 administration building is planned on a new site with a library later. Duplicates of student records exist on microfilm and are accessible to verify tuition payments.
The James B. Duke Mansion in Charlotte suffered heavy damage from a fire that started in the son’s room and spread to the attic. Firefighters battled the blaze for over three hours in subfreezing temperatures. one captain treated for smoke inhalation. No occupants were hurt, though the Lineberger family and a maid were inside.
Tass reports Luna 9 first to land intact on the moon on February 3 disproving dust theory. Luna 13 landed in Ocean of Storms about 250 miles from Luna 9 site with grainy ground and many stones but little radioactivity.
A concise adage notes that a person who always sides with himself may overlook many flaws. The saying emphasizes the dangers of excessive self confidence and the value of external judgment.
Magician Milbourne Christopher will attempt a televised illusion on CBS in New York to make a full grown seven foot elephant vanish in a puff of smoke on a brightly lit stage. He plans to stand 14 feet away and fire a pistol before the gates slide shut behind the elephant.
Evangelist Billy Graham warned of a world headed toward a gigantic disaster. He said China’s nuclear advances threaten global stability and that Red China could strike the Orient within five years and the U S within ten. Graham urged action and cited Sino Soviet tensions as worsening.
Washington AP Powell again refuses to appear before Wayne Hays subcommittee investigating Powell payroll and travel costs. Chairman plans to recommend removing Mrs Powell from her $20 500 salary, contending aide must work in Washington or district.
The United States plans millions to develop hovercraft vehicles for flood rescue and anti submarine warfare and amphibious assault roles.
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