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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 09, 1967
Page
2
The American Exchange report shows a small advance in active trading on Tuesday with gains in key issues largely fractional and some up about a point. Trading began briskly as the NYSE ticker trailed by a minute but soon caught up.
The New York exchange notes that ordinary dividend rates shown are annual disbursements based on the last quarterly or semiannual declaration. Footnotes define special or extra payments and many letter codes for forms such as stock dividends, liquidations, ex rights, and various withholding situations across 1965 and 1966.
A 45 minute hearing on James Hoffa's fourth bid for a new trial closed suddenly as Hoffa’s lawyers said they needed to develop newly discovered evidence within 30 hours. Judge Frank W. Wilson took the motion under advisement after silence from the defense and a closed conference followed.
The NASD over the counter quotations reflect representative inter-dealer prices as of about 10 30 a m today. Markets change during the day and prices exclude retail markup markdown and commissions.
The UNC Board of Trustees will meet in a special session Friday to review three legislative proposals to shrink the 100 member board. Hodges Commission recommendations to cut to 24 members and remove the governor from chair. a separate measure to reduce to 42 from 11 districts. and a prior revamping proposal. A bill for a Raleigh based president's office is also pending.
Forecast for North and South Carolina calls for fair conditions. North Carolina levels drop with frost risk in mountains and lows in the 30s to upper 40s. warmer Wednesday with highs in the 60s to 70s. South Carolina stays mostly fair and cooler tonight with 40s to 70s highs. A note adds Ville, former U.S. attorney for Middle Tennessee, who led Hoffa's 1964 prosecution.
CAC earnings for the six months ended March 31 totaled 45 722 before 14000 in cash dividends on class A preferred stock. The result, a record under the current accounting basis, rose from 26815 pre dividend in the prior year.
Eckerd Drugs, Inc. announces a 15 cent per share dividend on common stock and 50 cent per share on preferred stock. Payment will be May 31 to holders of record May 17. For the year ended April 1 sales reached 41.6 million, up 25 percent from last year, with nine new stores opened. total stores now number 55.
Sargent Shriver head of the Office of Economic Opportunity will tour western North Carolina this weekend to assess antipoverty proposals including a government financed newspaper. Evangelist Billy Graham will join part of the tour on a personal basis, with no endorsements. The visit starts Saturday in Newland Avery County, ending at Toe River Community Center in western Avery. The proposed newspaper would serve four Boone area counties and be run by WAMY Community Action Inc.
The North Carolina Legislature enacted a bill liberalizing the 86 year old abortion statute with no veto by the governor. It allows abortions when the mother’s health is gravely impaired or in cases of rape or incest, with three doctors certifying medical need and a four month residency rule for emergency abortions. Opponents call it legalized murder. supporters claim it aligns with medical practice.
The AP reports former President Dwight D. Eisenhower at Walter Reed Army Hospital is progressing satisfactorily but remains confined to bed for most of the time. He is reported to be receiving intravenous fluids and liquid nourishment by mouth as his ailment, believed to be gastrointestinal, is treated. His visitors are limited to immediate family.
About 80 countries maintain well established social security programs including old age survivors' insurance and assistance as described by the Encyclopaedia Britannica.
Washington protests Hanoi handling of three U S pilots shot down near Hanoi during a raid. State Department says treatment violates the Geneva Convention and notes possible injuries while Hanoi identifies the pilots as Lt Col James Hughes, Lt Col Gordon Larson, and Lt James Shively, all based in Thailand.
Raleigh AP report shows NC Commissioner of Motor Vehicles A Pilston Godwin opposing a bill to raise tractor trailer length from 55 to 65 feet citing higher death injury risk. Railroads attorney M W Barnhill Jr and NC Motor Carriers Association push for broader limits, arguing safety and revenue gains.
Five U S air strikes in two weeks have rendered the Hoa Lac MIG air base 20 miles west of Hanoi inoperable. A U S spokesman said no MIG activity was spotted on the field after nine Thunderchief flights from Thailand attacked it for the fifth time since April 24.
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