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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 19, 1967
Page
2
The New York Stock Exchange moved irregularly lower in afternoon trading after statements by President Johnson and Soviet Premier Kosygin on the Middle East. The AP average eased 0.6 at 327.2 as declines outweighed gains among about 1,300 issues traded.
A dense list explains dividend rate conventions and footnotes for New York issues. It defines codes like b c d e f h k n p r t cld x y x-dis xr xw wd wi nd vi and 7 Sales in full, clarifying annual disbursement bases and special payments.
In a tense U N emergency session Kosygin denounced U S strategy from Vietnam to Cuba and pressed for Israeli withdrawal from seized Arab territories. He warned the Middle East crisis could spark thermonuclear war and urged U N action to curb aggression while praising the cease fire but faulting the council for not ending the occupation.
Tom A. Finch of Thomasville Furniture predicts wholesale prices will rise 3 to 5 percent in late summer or fall to cover higher material and labor costs. Charles D. Stapp notes retail profits drop despite higher sales and urges efficiency and distribution gains to improve margins.
In Beirut Cairo Radio reported President Gamal Abdel Nasser has formed a new cabinet naming himself premier and appointing four vice presidents including Zakaria Mohieddin. Premier Sidky Soliman is replaced and becomes vice president and minister of industry and power while War Minister Samsa Din Badran is dismissed amid the reshuffle.
The forecast covers North Carolina South Carolina and Georgia with variable cloudiness and scattered thundershowers. Temperatures will cool tonight with lows around 60 in the mountains to near 70 along the south coast. Through Tuesday highs reach the mid 80s to 90s in Georgia and the Carolinas with lower 60s to mid 70s at night and precipitation totaling about three quarters of an inch by week end.
In Saigon a hard core Viet Cong force attacked a U S Army battalion 40 miles east of the city. American 171 mm guns and air power repelled the assault as 45 enemy bodies were counted at dawn amid heavy artillery and helicopter gunship support.
Cotton futures opened in New York up 90 cents a bale from the prior close, signaling higher prices as the market starts the trading day.
International Association of Machinists members reportedly quit their posts at Roseville California as a no strike period ended. Union leaders said there was no authorized walkout in California and other unions refused to cross picket lines amid Congress negotiating antistrike legislation.
Cassius Clay arrives at the federal courthouse for his trial on refusing induction into the armed services. The 25 year old fighter faces up to five years in prison and a $10,000 fine. The defense cites draft exemption as a Black Muslim minister and claims racial discrimination in the draft system.
Articles of Dissolution of 1.G.M. Corporation formerly Russell and McAden Inc. were filed in the NC Secretary of State on January 31 1967. Creditors and claimants must present claims in writing to the corporation to liquidate assets discharge liabilities and wind up affairs by May 30 1967. 1.GM Corporation High Point NC Morgan Byerly Post & Keziah Attorneys at Law 212 East Green Drive 6-5 12 1% 26
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