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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 09, 1967
Page
2
The AP average of 60 stocks at noon rose 0.8 points to 308.0 as industrials gained 2.3 while rails dipped 0.4 and utilities increased 0.3. Advancers slightly outpaced decliners with under 100 more issues gaining, led by strength in key blue chip stocks.
NASD quotations represent inter dealer prices as of 10 36 am in New York and exclude markups commissions and unofficial sales figures. Footnotes explain dividends stock distributions and special conditions including ex dividend ex rights without warrants and foreign issues subject to tax rules.
Vice President Hubert Humphrey lauded NASA and James E. Webb for the Saturn Apollo flight, praising Webb as administrator and noting Humphrey's role as council chairman and space enthusiast. He congratulated Webb and associates on the terrific success.
North Caro lina sees cloudy intervals with fair conditions and cooler nights 20s in the mountains 30s elsewhere through Friday. South Carolina remains mostly fair with higher temps and freezing level nights. Virginia stays fair and milder with low 33 to 38 and little change. Georgia warms modestly with lows 28 to 38 and highs in the 60s for Friday.
Superior Court juries awarded a total of 16250 to property owners in two cases involving the Redevelopment Commission of High Point this week. Marvin and Lena Shields received 4800 for land on Reed Street and Pat sy and J. Reitzel Wagner were awarded 11450 for four parcels on Evans Furlough and Reed streets.
Sales for the quarter ended September 30 reached 56,513,830, an all time company record. 1966 sales were 51,977,389. After tax earnings were 2,473,080 or 98 cents per share versus 2,272,910 and 93 cents in 1966. Dividend of 30 cents per share declared payable December 12 to holders of record November 21.
Dr Max P Rogers former High Point surgeon and resident who left practice to lead as chief surgeon of Southern Railway System in Washington DC has been elected to the executive board of the American Association of Railway Surgeons The body includes about 2000 physicians nationwide with railroad connected practices.
Piedmont Natural Gas Co raises daily gas purchases to 144 million cubic feet from 122 million under a new contract with Transcontinental Gas Pipe Line Corp. The 18 percent increase reflects expanded supply needs.
John J. Sweet testified that he and Mrs. Irene Maxcy began a sexual affair four days after meeting and continued until the husband Charles Von Maxcy was killed. He surrendered immunity to testify, saying they traveled during a 1966 gubernatorial campaign and that he did not hear or offer to arrange the murder. He noted a fight the night before Maxcy was stabbed and shot at the Sebring home.
Mayor-elect Carl B. Stokes selected Police Inspector Michael J. Blackwell as chief of police, aiming to implement basic recommendations from the Little Hoover Commission. Blackwell, 64, known for tough rackets raids, would replace Chief Richard Wagner who planned to resign. Stokes also named Joseph F. McManamon safety director and James S. Carnes chief prosecutor. Taft may seek a recount as results show Stokes ahead by 2,501 votes of 257,157 total.
Robert Benjamin Smith, 19, was sentenced to death in Phoenix for five deaths at a Mesa beauty school on November 12. Smith showed nerves as the judge imposed the sentence, while his attorney prepared an appeal.
The Bank of England lifted its key rate by half a point to 6 percent. Officials cited international pressures and sterling weakness after the Oct 19 rise from 5.5 percent, noting upcoming trade data may be disappointing due to dock strikes.
Samuel S. Mitchell, sworn in as Raleigh's first Negro judge, faced 1962 income tax indictment for 1954–1960 filings. He pled guilty, received five years’ probation, a $7,500 fine, and back-tax payments. City leaders delay action. council committee continues review.
Two heavyset men robbed Southern National Bank in Eden North Carolina today. One flashed a nickel plated revolver and demanded cash, the other waited in a car outside at the Meadowgreens shopping center. The FBI issued a lookout for a late model Pontiac with a green bottom and black vinyl top.
New York price report shows No. 2 cotton futures opening one dollar to nine dollars seventy five cents per bale below the prior close.
Debate centers on raising payroll tax to 4.8 percent in 1969 and increasing the wage base to $8,800 under the Senate bill, with future hikes planned. The House previously passed a Social Security measure that kept the rate at 44 percent in 1968 and raised the wage base to $7,600, while proposing pension adjustments for employer plans.
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