Market declines push Dow below 43 as techs slip
New York stocks slipped in heavy trading as the Dow Jones fell to about 42.93 at noon, led by General Motors and other blue chips. The Associated Press average also dropped, with losses in Xerox and several tech firms while KLM Airlines rose amid profit taking in the sector.
MENTIONED IN THIS ARTICLE
New York
Coul
Johnson
Associated Press
du Pont
General Motors
Liggett & Myers
General Electric
American Smelting
Xerox
Eaton, Yale & Town
KLM Airlines
American Stock Exchange
Solitron Devices
Xtra Inc
Syntex
Dennis
New York Stock Averages Show Mixed Day of Trading
Unofficial figures from the New York Exchange reflect mixed results as stocks wavered. The report outlines ex dividend dates, stock dividends, and other actions with focus on high and low readings and year to date performance.
NASD Over The Counter Quotation Snapshot
The NASD quotes show inter dealer prices as of about 10:30 a.m. today. Markets change through the day and prices exclude retail markup and commissions.
Johnson budget deemed out of date by Wisconsin Republican
Rep Melvin Laird charges President Johnsons Vietnam war budget is already out of date. He warns the 1968 Vietnam costs may reach 19.9 billion with some appropriations not yet allotted. Reaction among lawmakers ranges from calls for cuts to concerns over domestic spending and inflation.
MENTIONED IN THIS ARTICLE
Washington
Melvin R. Laird
Wisconsin
House Republican Conference
Johnson
Vietnam
Southeast Asia
Milton R
Johnson proposes cutbacks in education and science spending
President Johnson tells Congress that waste is trimmed in the National Aeronautics and Space budget of 5.3 billion, while many programs see smaller requests than authorized. Budget Director Schultze notes overall Great Society spending up about 1.9 billion despite apparent cuts.
MENTIONED IN THIS ARTICLE
National Aeronautics and Space
Johnson
Congress
Charles L. Schultze
New Hope Funds Called Inadequate
North Carolina senators urge Congress to raise Johnsons budget for the New Hope reservoir in Chatham County from 3.12 million to 5.3 million for first year construction and seek 390 thousand to finish Falls of the Neuse Dam planning so construction can begin in 1968. The proposed projects would provide more water for Raleigh and nearby communities.
MENTIONED IN THIS ARTICLE
Washington
North Carolina
Johnson
New Hope
Chatham County
N.C
Sam Ervin
B. Everett Jordan
Congress
Army
Ervin
Jordan
Raleigh
Unseasonably Mild Outlook for Carolinas Tonight Through Wednesday
Forecast reports continued mild air for North and South Carolina with mainly cloudy skies. North Carolina lows 37 to 45 in the mountains and 47 to 56 elsewhere with highs 65 to 72 in the mountains and 74 to 80 elsewhere. South Carolina lows near 50 with highs 74 to 81.
MENTIONED IN THIS ARTICLE
North Carolina
South Carolina
High Point Bonds Marketed At 3.3453 Percent Rate
High Point sold 5.5 million dollars in long term capital improvement bonds at an average rate of 3.3453 percent. Wachovia Bank and Trust Co. and associates were the apparent low bidder as bids arrived with the North Carolina Local Government Commission in Raleigh. The funds will finance a new city reservoir streets and utility construction as the first sale under a 9.8 million dollar bond issue approved by voters last year.
MENTIONED IN THIS ARTICLE
Nevadap
Aerojet
Newbery
Norngas
Pa Ab Nor Pac
Cinerama
Cooper Ind
Norton
Nerwich
EAS
Vel Equity Co
CrowCol
ChicEdis
Fargo Oils
Crown Cork
Eimont Ol
CrownZe
Otis Elev
Flyi
Buiaar
Curtis Pub Cudahy Co
Curtiss Wr
Kaiser
Deere
Delta Air
Pan Am
NewPark Mn
DiamAlk
Pennvnlie Ie
Disney Ah
Penney
Rain
Alrtin
Uu. DomeMin
Navaoa Pa
Anal Ova
Doug Aire
Pennzoil
Pepsico
Statham
Draper
Syntex Co
Phila
Drexel
Duke Pw
PRI Rag
Philmorr
duPont
Philipet
Sev Pitney
Punt
Polerethro
Ekodak
Akersh
Pulirman
EatonYa
Eg&g
Adios ElBonds
RCA
Abe Elpasong
Ralstonp
Emer el
End Johnson
Reaci Raytheon
ErieLack RR
DA Reich
RepubdSti
EvansPd
Everswarp
FairCam
Fair Hill West
Rneemmm
Fensteei
Royccola
RoyOur
FirstChristi
Sanaa
Shell_ Oil
ShellTra
Soprsug
Soucale
U — Ga Pacific
South Co
Ges
Getty Oi
VaPac
South Ry
Sien Ald
Spartan Ind
StdBrand
GraceCo
Grantwt
Granites
Cal
Éiva
rumAire
Ster SteriOrug
GuifMo
Stevenjp
Siva
NEW York (Ap
Gulf Oil
Sun Oli Ib
Exchange
New York
GulfSteut
Swift Co
Halliburt
Ile Colonial
Harris Int
Tampa el
Carolina Freight
Abbott Lab
ABC Con
Teledyne Inc Tenneco
Abex Co
Pike
Hercine
First Union Bank
ACF Ind
iHertz
Va HewPack
Texetrn
Franklin Life
Teeee
Agmiilis
Hoff
Tex
Holidinn
Gulf Life Ins
Admiral
Holly Suger
Jeffer
Stan. Life
Air Reduc
ft\Lance, Inc
Alleg
Thiokol
Life & Cas. Ins
Tidewat Oil
Passds
Houst LP
Allied
Howmet Cp
Ransomer
WiTritz
Alcoa
Alcoa BM 244 — “4 Hupp Co +1%) — 25% 24% 102 37% ie +38 Sec
Life & Trust
AmAirtin
idahoPw
Wachovia
WiCenind
Ind
Eckerd
Lee
Hatteras Yachteubee
Enka
InterikSt
Henredon Furn
UnitAirLin
Am.c. Nat
T&t
JohnMan
Jon Logen Jones
Us Oe
En Te” Us Inc
Kaiser al
KayserRo
Wa — Aie Armeest
Kroger
Kresge
WeshWer _ i
Avco
Xerox Corp
Borden
BorgWar
Zenithr Ly
Associated Press
Brunswick
Macyrh
BucyEr
Magmac
Magnavox
Bulova
Mar
Martinvar M45
Maytega
Calumn
McCall
McDon Co
McKess
Merckc
MontWard
Swat Airlin
Raleigh
High Point
Wachovia Bank and Trust Co. and Associates
N. C
James Millis
Johnson Sees High Prosperity With Record Tax Projections
Johnson warned the revenue side relies on sustained prosperity as he projected calendar 1967 output at 787 billion dollars, personal income taxes near 624 billion, and corporate taxes around 83 billion from before tax profits up 1.2 billion, signaling strong but not guaranteed gains.
MENTIONED IN THIS ARTICLE
Johnson
Johnson outlines three budget methods before Congress
President Johnson presents three budget concepts to Congress the administrative or regular budget the cash budget and the national income accounts or NIA. The administrative budget shows 135 billion in outlays with an 8.1 billion deficit while the cash budget totals 172.4 billion with a 4.3 billion deficit and the NIA shows 169.2 billion in outlays with a 2.1 billion deficit. Johnson notes the administrative budget is most usable for program analysis and will seek a bipartisan panel to develop improved procedures.
MENTIONED IN THIS ARTICLE
Washington
Johnson
Congress
NIA
State of the Union
Britt doubts large tax cut this year
Rep. David Britt, Democratic nominee for House speaker, says any tax cut proposed by Gov. Dan Moore will likely be small and unable to significantly harm state services. He opposes a cut of 25 to 30 million and urges revenue for state services while pressing quick action on liquor legislation. Britt also comments on East Carolina College’s bid for separate university status and its effect on UNC system.
MENTIONED IN THIS ARTICLE
Chapel Hill
David Britt
Dan Moore
Robeson County
Britt
Moore
University of North Carolina
East Carolina College
ECC
Cama
Missionary Buys Airplane With Stamps
Baptist missionary from Ada Oklahoma trades about 15 million stamps for a six seat airplane. Rev J Gerald Price will use the craft in Brazil after a stay in Campinas to study Portuguese. The stamp savings were accumulated over six years by North American Baptist Association members. The plane is a 1967 Cessna 18 in Wichita for delivery to Sao Paulo Brazil. price paid was 24310 dollars and 50 cents.
MENTIONED IN THIS ARTICLE
Little Rock
Ark
Dulyn Butler
The
Stamp Company
Gold Bond
J. Gerald Price
Ada
Okla
North American Baptist Association
Price
Brazil
Campinas
Wichita
Kan
Sao Paulo
Butler
Demilitarized Zone Bombed as Air War Quietens in North Vietnam
U S B 52s bomb the demilitarized zone and conduct two raids in Tay Ninh Province near Saigon as weather limits North Vietnam missions. Brigadier General Richard T Knowles survives a helicopter hit in the Iron Nines area with a wounded crew member. another F4C Phantom is shot down with two airmen missing.
MENTIONED IN THIS ARTICLE
Robert Tuckman
Saigon
South Vietnam
Demilitarized Zone
North Vietnam
Tay Ninh
N. Richard T. Knowles
Columbus
U.S
196Th Light Infantry Brigade
Air Force
North
Also Mentioned on This Page
American Exchange
New York Exchange
Waleh el New York (Ap
Ures
Bick
Reiver
Nisdvaseans
Ieee Lew
New York Stock Index
Johnsons
George H. Mahon
D-Tex
House Appropriations Committee
Mahon
Frank T. Bow
Ohio
Abraham A. Ribicoff
Dconn
Joseph A. Clark
D-Pa
Great Society
Ams
Clark
Everett M
Commerce and Transportation
Weathertron
N. Main St
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