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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 13, 1967
Page
2
The market advanced for a sixth straight session as traders regained confidence with Middle East peace easing fears. Oil company operations resumed quickly, lifting leading issues from fractions to 1 or 2 points. The Dow Jones average stood at 883.61, up 4.68 at noon.
NASD quotations show interdealer prices around 10 3 a m with notes on daily changes. The record explains that prices exclude retail markup and commissions and lists symbol codes for dividends and distributions including ex dividend ex rights and warrants among others.
A fragmented New York market report shows small shifts in stock indices with transportation and utility sectors noted. The AP bulletin lists fractional price changes including a 1.06 cent move and several intraday figures, reflecting thin trading.
The report notes a dim outlook for Egypt's petroleum production and describes shifts in Cold War alliances. It cites Soviet reluctance to provide new aid, Nasser's failed hopes with the USSR, and propaganda at home while Egypt seeks loans from Arab neighbors. The piece highlights Egyptian military setbacks and domestic dissatisfaction as US ties fray.
A correspondent describes scenes along the Suez Canal with Israeli and Egyptian forces in Kantara and El Arish, including bombardments, water shortages, evacuations, and soldiers discussing armor. Observers note ailing civilians, destroyed infrastructure, and UN forces preparing to pull out to Cyprus as fighting continues nearby.
Thomasville Furniture Industries president Thomas A. Finch will represent the furniture manufacturing industry at the opening press conference on Monday June 19 at Chicago Merchandise Mart. He will share the platform with Englander Co. Inc. president David S. Alcorn and National Retail Furniture Association president Charles Stapp.
Hooker Furniture Corp of Martinsville Virginia appoints Cabell Eanes Inc of Richmond Virginia as its advertising agency. The company also reports that orders booked at the 1967 spring Southern Furniture Market reached higher dollar volume than any April market in its history.
Winn-Dixie Stores report a 1.84 percent sales gain for the 48 weeks ending May 27, totaling $923,151,749 versus $906,487,898 a year ago. For the four weeks ending May 27 the volume fell to $75,571,143 from $76,991,223 in 1966, down 1.84 percent. The chain runs 720 supermarkets in the region.
RALEIGH AP A House Judiciary committee killed a watered down bill that would have required credit sellers to disclose all charges to customers. The 7-4 committee vote postponed the bill indefinitely after Rep Thomas Strickland said the measure touched a sensitive spot.
The Suez Canal remains closed with about 10 ships blocked. experts estimate two to six months to clear. Egypt seeks foreign exchange revenue, faces a heavy debt burden, and Jordan Syria and other Arab states face economic strain as tourism and oil revenues falter.
A truck with 3,700 chickens and another with 47 head of steer collided on the San Bernardino Freeway in Los Angeles. Animals scattered across the road and into nearby towns. Sheriff volunteers helped corral the herd. one steer was roped in a schoolyard. Traffic delay exceeded six miles.
A bipartisan 14 month probe found Sen. Dodd used political funds for personal expenses and double billed travel. The committee allocated $116,083 of $450,273 in campaign funds to personal use and noted air travel and hotel costs in New York Connecticut were political, while club charges and vacation trips were personal. Bennett defended the conclusions and stated over $28,000 helped retire loans to settle tax issues.
New York traders showed no activity as cotton futures opened with no actual trades. Prices listed near 22.05 to 22.60 with limited movement across the board.
Forecast calls for clear to night and warm conditions across the three states with scattered showers or thundershowers mainly in mountains and coastlines. Lower readings 55 to 70 degrees expected, with coastal areas near 70 and inland 63 to 68.
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