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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 08, 1967
Page
2
The New York Stock Exchange showed a mixed day with gains and losses nearly even as traders adopted a cautious stance after sharp moves earlier in the week. Investors weighed ongoing Middle East war front developments and halted momentum from prior sessions.
The document lists footnote codes a through vi and xw labeling dividend and stock actions. It explains that rates are annual disbursements and notes special or extra payments, with each letter marking a specific condition such as extra dividends, stock dividends, liquidations, ex-dividend status, or unusual issuance scenarios across various financial instruments.
Inter-dealer prices shown as of about 10:30 a.m. today reflect representative quotes in the NASD over-the-counter market. Markets fluctuate during the day and prices exclude retail markups, discounts, or commissions.
The House Insurance Committee unanimously approved a bill to curb out of state mail order insurers and prohibit unauthorized companies from transacting insurance in North Carolina. A companion measure bans North Carolina insurers from operating in other states without authorization, mirrored by the Senate committee’s approval.
North Carolina shows fair to partly cloudy skies through Friday with a warm trend and cool nights. Highs range from 76 to 86 and mountain lows 50 to 57, others 57 to 65. South Carolina remains fair with cool nights, highs 77 to 86, lows 57 to 65. Georgia forecasts fair to partly cloudy conditions with warm afternoons, highs 84 to 90 and lows 58 to 68.
Alfred D. Fogleman former manager trainee at Greenville has been promoted to department manager of the Penney Co department store. The appointment takes effect June 26. A native of Burlington he joined the company in 1964 as shoe department manager in Burlington and was promoted to manager trainee in 1966 at Pitt Plaza Greenville. He and his wife Cookie and daughter Tracy will reside in High Point.
The Assn of Private Employment Agencies of North Carolina will hold a June 9-10 meeting at the Voyager Inn, Raleigh. Representatives from state agencies will elect officers and review a program on certification and education for agency management and services. Frank K. Crane, NC labor commissioner, will speak at Friday dinner on recently compiled employment agency statistics.
Lowell T. Haynes appointed production coordinator for the Myrtle Desk Co Seating Division in a new liaison post. He brings experience with woods, metals, cover materials and construction, previously with Clarendon Industries, Gravely Furniture Co of Ridgeway Virginia, and E I Dupont Co of Martinsville Virginia. He is a Martinsville native.
The article discusses Nasser expecting disruption to income during renovations and considering the impact of Egypt’s Suez traffic. It notes increasing global trade could allow Egypt to retain income without widening the Suez, while an Israeli alternate route might drain traffic and threaten Egypt’s economy.
In a 210 to 197 result, House Republicans and a cross section of conservatives and antiwar liberals rejected Johnson’s $29 billion debt increase. The defeat could force a revised budget and potential domestic spending cuts before June 30, with the current ceiling set to drop to 285 billion on July 1.
The Senate approved a bill to reduce the Consolidated University of North Carolina board from 100 to 60 members over six years. The measure, passed 32 to 13 on second reading, designs for annual trustee appointments by the General Assembly and governor, limits on terms, an independent executive committee, and removal of ex officio chairmanship. It also ends honorary memberships and allows visiting committees to university branches.
AP dispatch notes U S military analysts warn Israeli army supply and communications lines risk vulnerability if columns push deeper into Egypt beyond the Suez Canal. They say maintaining fuel water and ammunition flows could be difficult and would require guarding longer lines and bridgehead defenses.
Raleigh AP reports the Truth in Lending bill faced a delay as lawmakers debated disclosure requirements for merchants. The substitute bill would mandate cash price, down payment, remaining principal, itemized charges, total financed, and finance charges, with method of computation on request. Jim Johnson urged home discussion. next action set for Tuesday.
The article notes Earth's orbital speed around the sun at 66 700 miles per hour and its equatorial rotation at over 1 000 miles per hour, describing the planet’s motion in space.
Arab nations including Egypt Syria Iraq and Yemen refuse cease-fire and vow victory. Egypt repositions along the Nile and El Arish falls to Israeli forces. Syria claims air and artillery successes while U S and allies sever diplomatic ties with several Arab governments.
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