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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 07, 1967
Page
2
The New York Stock Exchange reported a moderate decline as trading activity remained fairly brisk this afternoon. Investors balanced corporate results with shifting sentiment while major indices edged lower on concerns about inflation and interest rates.
Unofficial stock index figures and footnotes explain dividend notation for 1966 and 1967. Various letter codes mark extras, liquidations, cash values, stock dividends, ex rights and other actions, with notes on payables and distributions.
Howard Holderness is elected chairman and CEO of Jefferson Standard Life Insurance Co. since 1950. W Roger Soles becomes president and chief administrative officer as officers and directors approve a 20 cent quarterly dividend.
A collision between a westbound 1951 car driven by Wilbur Everhart of Thomasville and a jackknifed tractor-trailer owned by A G Boone Co. Charlotte caused over $2,000 in damages and blocked U S 29 for more than two hours. No injuries were reported.
Area schools Guilford Davidson and Randolph counties closed by weather earlier. Games postponed then and now several will be played as scheduled despite the warm weather.
Gale warnings along the North Carolina coast from Cape Fear northward. Mostly fair and cold tonight with still cold inland Wednesday afternoon. Lows 10 to 18 mountains, 2 to 32 coast. Highs 30s mountains, around 40 elsewhere. South Carolina remains fair and colder tonight into Wednesday with lows near 20 to 30 and highs around 40s coast and inland.
A severe winter blast grips towns with temperatures plunging to minus 16 at Plattsburg and minus 12 at Watertown. The Weather Bureau expects over eight inches in New York City and six to eight inches along the Eastern Seaboard. High winds cause drifting as schools close including the University of Maryland at College Park.
In Watertown South Dakota officials switch on a test link connecting 209 major power systems across the United States and Canada. The grid spans 265000 miles of transmission lines and aims to prevent regional outages by enabling automatic transfers during emergencies.
Two engineers from NASA Marshall warn that schedule pressure tempts shortcuts in the Apollo program. In papers read at Cocoa Beach, they say unrealistic dates should not drive testing decisions in a program with costly equipment and potential fatal consequences. Bradley and Driscoll call for stronger controls and even single-shift work to reduce risks.
Theodore B. Blockley, a former Canadian diplomat with the International Control Commission for Vietnam, Laos and Cambodia, says North Vietnamese officials wished for U S liberation to end tyranny and oppression. He criticizes the commission as impotent and a fraud.
Poughkeepsie New York AP Henry Morgenthau Jr. longtime secretary of the treasury under F D Roosevelt has died at 75 after a long illness. He served from January 1934 to July 1945 and remained the longest tenured treasury chief except for Albert Gallatin. Morgenthau influenced wartime policy and foreign affairs reviews, including controversy over the Morgenthau Plan.
Over-The-Counter quotations represent inter-dealer prices as of about 10 30 a m this morning. Markets fluctuate during the day. Prices exclude any retail markups markdowns or commissions.
The United Auto Workers plans a $3 million independent campaign embracing labor organizing social action and aid to unions in trouble. The move follows a near break with the AFL-CIO amid leadership tensions with George Meany. Reuther and top officials resigned from the AFL-CIO Executive Council as the union weighs new relations and authority at its April 2022 convention.
Sen. Robert F. Kennedy says he did not bring peace feelers from Europe but told President Johnson the French could provide meaningful contacts with Hanoi. He noted De Gaulle’s position limits peace moves yet observed French lower echelons are more flexible while lunar New Year truces may spur renewed peace efforts.
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