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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 03, 1967
Page
2
The New York stock market opened with a tentative rally that stalls as early Friday afternoon trading shows broad weakness. The Dow and other averages slip while most gains and losses hover around 500 points in the overall list.
Unofficial sales figures and dividend rates are explained with footnotes and letters indicating actions such as stock dividends liquidations or ex dividend statuses. The article notes variations and special cases for 1967 and references New York markets.
About 51 people were arrested as a funeral ended for James Eller, 32, who died after a blackjack strike by officer W. E. Owens. The incident sparked violence downtown with 200 youths clashing with 45 officers. stores were looted and a laundry damaged as demonstrations spread.
A regional weather forecast for North and South Carolina calls for generally fair to mild conditions with rain and showers inland, cooler weekend, and below normal temperatures through midweek. A separate report describes violent looting and riots with bricks, overturned cars, and arson near a state liquor store, with National Guard and police lockdowns sealing downtown.
Frank J Mickey Jr was elected president and treasurer of Key Printing Co Inc at a directors meeting at the English Road plant. Other officers include John David Mickey as vice president J A Britt in charge of sales Gladys C Mickey as secretary and Lucille Bowden as assistant secretary.
Dr. John N Bridgman outlined to the State Board of Education plans to reactivate the Winston Salem based school for underachievers early next year. A 500000 budget for the current biennium was approved and includes a 10 percent pay raise with 108 boys to live on site after Christmas vacation. A second phase would add nonresident day students from Forsyth County to evaluate progress while remaining in home environments. The board also approved T J Van Metre’s release as business manager who said he will retire to write.
Williams noted a majority supported adding new taxes starting January 1 to fund every committee benefit. A 5 percent rate on employers and workers with an $8,700 wage base would cover costs. 1967 rates stay 4.4 percent with a $6,600 base, while 1968 bases rise to $7,600. The Senate panel projected higher bases to $10,800 by 1972. Benefits would rise to 15 percent across the board with at least $70 monthly minimum, versus the House plan of 12 percent and $50 minimum.
Gary Indiana faces a racially charged city election with a Black mayoral candidate. Gov Branigin orders riot police and National Guard amid warnings of imminent trouble as 55 percent of residents are Black. Tension centers on campaign sign conflicts and alleged voter list purges by Lake County election officials.
The speaker criticizes U.S. policy, recalling Truman and Eisenhower on Asia, argues against bombing in Haiphong and Hanoi, and urges focusing bombing on lines of communication while avoiding a broader land war in Asia. He contends Viet Cong can exploit U.S. rhetoric to erode South Vietnamese morale.
North Carolina municipal electric leaders told a House subcommittee that exempting some utilities from FPC oversight could raise consumer rates and threaten municipal growth. Florida Power & Light and Tampa Electric testified in support, while the FPC opposes the exemptions as a setback.
Author William Price Fox testified that a former schoolmate approved using his name in a 1962 short story collection but objected to its use in a 1963 Saturday Evening Post piece. The suit by Lawrence Esco Middlebrooks against Curtis Publishing was heard in U S District Court without a jury, with closing submissions scheduled.
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