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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 30, 1967
Page
2
Blue chip stocks show slight gains in early Friday trading as investors approach a four day weekend. Caution remains amid mixed results with most changes limited to fractions or a point or so. The New York Stock Exchange will be open Monday and closed Tuesday for Independence Day.
A New York market table explains annual dividend rates and special payments. It lists footnotes for designations such as ex dividend ex rights and stock dividends, plus indicators like n for new issue, r for 1966 dividends with stock add-ons, and wd for when discounts are waived.
North Carolina Representative Nick Galifianakis asked the U S Civil Service Commission to investigate charges that Operation Breakthrough anti poverty workers in Durham aided political campaigns. He expects a mid July report and says action should follow if wrongdoing is found.
The Dow Jones industrial average sits around 862.29 with a small 0.35 point rise while rails and utilities show slight declines. Broad stock averages around 316.34 slip 0.02 as bonds edge down 0.09. Second grade rails and public utilities trend lower amid scattered gains.
Roger Soles will assume full duties as president of Jefferson Standard Life Insurance Co tomorrow after Howard Holderness retires as chairman and CEO. Holderness ends 37 years of service. Soles has worked at the firm since 1947. The change followed a directors meeting after a quarterly dividend of 20 cents a share was declared, payable September 1 to stockholders of record August 18.
The critics rely on the same ground as the Warren Commission says the AP. CBS disputes key claims by testing the Mannlicher Carcano rifle speed and the JFK timeline. Gurvich criticizes Garrison methods while NBC confirms a real Clay Bertrand exists in New Orleans but not Shaw.
Market update shows mixed trading in New York stocks at midday with minor changes. The Dow and broader indices edge lower as investors weigh earnings and economic signals amid thin volume.
Forecast for North Carolina South Carolina and Georgia calls for variable cloudiness scattered afternoon and evening thundershowers mainly in western areas. Temperatures will be mild to warm with highs in the 70s to low 80s and 84 to 93 in Georgia. Lows range 50s to 70s with most nights in the 60s. Precipitation totals three quarters to over an inch, more showers this weekend and midweek.
Cotton futures opened quiet in New York with no trades. Prices showed small gaps between bid and ask levels at opening, with values around 21 to 22.60 cents and slight variations across contracts.
Premier Kosygin flew from Havana after talks with Fidel Castro and will stop in Paris on Saturday for a meeting with President de Gaulle. Castro gave a big sendoff with bands and a 21 gun salute as thousands lined the road to the airport. Officials said the Cuba talks achieved a plain understanding though no details were released.
U S warplanes pounded a MIG airfield west of Hanoi and two Haiphong targets on Thursday while pilots logged 152 North Vietnam missions. Navy bombers struck fuel storage and a transshipment point near Haiphong as Premier Ky quit the presidential race and agreed to run for vice president with Thieu.
During a third night of unrest in Buffalo’s East Side, 12 people were wounded by shotgun pellets and 18 more injured as over 100 youths rioted. Four hundred helmeted officers used shotguns and tear gas to disperse crowds, making arrests for minor charges.
Gov. Dan Moore urged respect for the flag and country at the North Carolina American Legion convention. He cited Medal of Honor recipient Lawrence Joel and a fallen Vietnam-era soldier, praised law and order, and noted new laws against terrorism and cross burnings plus rewards up to ten thousand dollars for felony information.
In Greensboro elections for the North Carolina Girls State governors and officers were held. Carol Nance of Lexington was elected governor on the Nationalist Party ticket while Marie Fortune of Asheville won lieutenant governor on the Federalist ticket. Kathy McKeon and Charlene Shipman, both of Charlotte, were named attorney general and secretary of state respectively, as delegates cast a split ticket.
The United Nations General Assembly faces a mid east vote on rival plans. One calls for immediate Israeli withdrawal from Egypt Jordan and Syria and for the Security Council to handle broader questions. A second group seeks troop withdrawal and Arab belligerency renunciation with a mediator and council action.
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