Stock Market Report Summary
Markets opened with modest gains led by financials and technology. The Dow Jones edged higher as investors tracked corporate earnings and inflation data amid ongoing market volatility.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 18, 1968
Page
2
Markets opened with modest gains led by financials and technology. The Dow Jones edged higher as investors tracked corporate earnings and inflation data amid ongoing market volatility.
New York stocks climbed broadly after President Johnson’s State of the Union message, with no surprises in proposals and Fed data showing a year’s first new industrial output record. Dow up 5.44 to 889.22 at noon. Averages led by IBM gain post opening delays.
A fragmentary AP style list from 1968 outlines various stock and dividend terms including ex-dividend and ex-rights statuses, stock dividends, and related payment notes. It references fiscal terms used in U S markets and mentions 1967 and 1968 contexts.
Forecasts predict mostly sunny and warmer conditions in North Carolina on Friday with lows in the 20s to 30s, South Carolina near 80 during the day and lows 27 to 35, Virginia clear with lows 22 to 28 and mild Friday, Georgia mostly fair with highs in the 50s to 60s and lows 34 to near 40.
Market movers tracked the Dow Jones averages as investors watched security prices and bond yields. Analysts noted fluctuations across key stocks while bonds traders awaited cues from central bank statements.
Kannapolis police say a letter found in a rural China Grove home indicates Joe Bessman Thompson killed his wife and then himself. The elderly couple, married just a month, were both about 75. the woman was Boe Wellman Antanas before marriage. Coroner Len Hunnicutt confirmed the deaths occurred in the kitchen area of the Rt. 1 residence.
Willis L. Brown a High Point native and High Point College graduate is named group team manager for Pilot Life Insurance Co in Greensboro. Brown joined Pilot Life's group division in December 1955.
M and S Building Specialists transfers operations from 518 English Road to 1107 Greensboro Road and reports about three times more area at the new site. The firm says the move expands their facilities and capacity.
Residents of High Point may attend the 9th annual management seminar on Wake Forest University's campus in Winston-Salem. Dr. Ralph C. Heath, director of the Management Institute, says this year’s program runs February 21 through May 2, with sessions on various weekdays and Thursdays.
American casualties jumped with 1,323 wounded and 184 killed, 711 of the wounded hospitalized. South Vietnamese casualties also rose. enemy tolls fell to 2,216 killed, while government forces suffered 357 dead, 946 wounded, and 110 missing or captured.
Congress critics split on a proposed tax increase with Wilbur Mills warning of price hikes and a dollar erosion while Gerald Ford and Russell Long oppose any rise. Proxmire calls the budget plan a serious misstep urging cuts in public works and social programs.
U.S. paratroopers killed Lam Hiep 28, commander of the Dong Hai Regiment's D800 battalion, in an ambush on a trail 25 miles north of Saigon. The operation also left one American dead and one wounded amid broader clashes across South Vietnam with heavy Viet Cong and North Vietnamese casualties.
In Santa Maria California two sisters died mysteriously five years apart after screaming for about 10 seconds and then stopping. Patricia Rush 23 woke husband Army Staff Sgt Robert Rush at 6 am and collapsed despite resuscitation. Beverly Stephens 17 died similarly in 1963. police await autopsy results. The Stephens family fears for their remaining daughters Barbara 17 and Diana 11.
Izvestia portrays LeRoi Jones case as brutal harassment of a writer by the United States, while noting that only the Worker exposes the tormentors and that Soviet law punishes any activity against the state as anti Soviet slander with limited avenues for appeal.
Three jurors in the Ku Klux Klan case received mimeographed newsletters bearing the name of Klan leader J. Robert Jones during a luncheon recess. The sheets urged that the trial was a travesty of justice and claimed a conspiracy between Hill and the FBI. Judge Stanley warned jurors not to read outside publications.
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