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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 08, 1968
Page
2
Unclear market note shows scattered figures for stocks with prices like 2.10 and 42.5 percent moves. Names such as Sid Rolls and StOilind appear, but the readable content is fragmentary and lacks coherent trades or headlines.
New York markets opened with a slight net gain as major issues moved. American Telephone rose significantly while Bethlehem Steel and Armour posted declines amid mixed activity across the list of leaders and losers.
Gov McNair planned new efforts to quell racial violence in Orangeburg where at least 13 people were injured including three Claflin and South Carolina State College students. National Guard patrolled the shopping center after gunfire and the bowling alley owner met with officials as rioting threats led to its closure.
Senate leader Mike Mansfield says North Korea naming the Pueblo dead and wounded is an encouraging sign that crew releases may come. State Department cautions against quick expectations as Panmunjom talks proceed.
Reynolds Tobacco Co reports 1967 consolidated net sales of 1.911 billion dollars, up 5.9 percent from 1966. Tobacco products account for 89 percent of sales, non tobacco 11 percent, due to July price increases and plant efficiency gains. Filmco Inc Patio Foods Inc and Coronation Foods are included in 1967 results.
Sharpsburg North Carolina AP Police Chief Calvin Boykin says the January 26 collision between a truck and a car injured Rep. L. H. Fountain Democrat North Carolina. He states the sun hindered both drivers and that there will be no further action, calling the case closed.
About 40 to 50 families were evacuated in Wadesboro North Carolina as a precaution after a tractor trailer carrying 47 000 pounds of gas slipped on a shoulder and spilled. Roughly 200 people sought shelter at City Hall while officials inspected low pockets for gas buildup before allowing a return.
Directors of Thomasville Furniture Industries approve a plan to acquire Caldwell Furniture Co of Lenoir subject to stockholder approval. Outstanding Caldwell stock would be exchanged for 100,000 shares of Thomasville Series A $500 stock with $2,375 annual dividends and convertibility into Thomasville common stock. Caldwell employs over 600 people and Caldwell sales were about $8,063,000 for the year ended Dec 31 1967.
Washington announces three more North Carolina soldiers killed in Vietnam. Cpl James A Melton Jr of Hamilton joins Marine Pfc Lonnie E McNeill of Godwin and Marine Pfc Glen W Ramey of Gastonia as fallen servicemen. Army S Sgt Kester Alrey died of causes not related to hostilities. his wife Virginia resides in Fayetteville.
North Carolina and Virginia issue gale warnings along the coast. Partly cloudy and cold tonight and Friday with low temperatures in the teens to 30s. South Carolina sees similar cold overnight temps, while Georgia warns of hazardous driving in the north near Atlanta and Athens with colder conditions ahead.
President Johnson asked Congress to approve about 2.9 billion dollars in foreign aid for the next fiscal year, including 2.5 billion in economic assistance and 420 million in military aid plus a separate 120 million in arms. He urged support to counter North Korean aggression and highlighted needs for less developed countries amid hunger and disease.
Snow hit coastal Savannah with a record three inches while central Florida saw flakes, bracing polar air sent temperatures into the 20s. The Savannah Weather Bureau urged extreme caution as palm trees wore a white mantle and snow spread to Brunswick and other cities.
U S officials reported heavy fighting near cities targeted in the Communist assault that began last week. The weekly casualty tally showed 15,515 enemy killed, 784 South Vietnamese and 416 Americans, with air and naval forces sustaining operations in Vietnam and Thailand.
Two Apollo astronauts prepared for simulated cockpit training at Morehead Planetarium in Chapel Hill. They worked late into the night practicing in a mock command module seat as part of the space program aims for Moon missions.
Washington veteran diplomat David G. Nes, a former chief of mission, resignation from the U S Foreign Service revealed, argues U S hesitation and misreads fed Egypt distrust, contributing to Nasser’s decision to block the Gulf of Aqaba and trigger war. He cites handling of a $155 million food aid request and broader Washington Cairo friction as key factors. Nes says stronger U S signals might have deterred escalation. The State Department disputed his charges. President Johnson called Nes views parochial.
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