Market Drops As Copper Stocks Sink Dow Falls At Noon
New York AP reports stock market weakness with copper shares dragging major indices. The Dow Jones average of 30 industrials declines at noon, reflecting sharp setbacks and active trading.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 18, 1965
Page
2
New York AP reports stock market weakness with copper shares dragging major indices. The Dow Jones average of 30 industrials declines at noon, reflecting sharp setbacks and active trading.
A partial market notice states price changes throughout the day and notes that prices do not include retail markup, markdown or commissions.
The Herald Examiner notes a strike deadline amid labor dispute and a separate Laurinburg murder case. Sheriff B. P. Lytch plans warrants for Wayne E. Butler, 22, amid a double shooting at a Scot land County home leaving two dead and two wounded. Butler, shot in the throat, was hospitalized after turning in a rifle.
Witnesses recall the hijack attempt where the teen opened fire in a lounge floor, claimed Cuba as the motive, and cited government inaction on anti Castro sentiment. Diane Brown, wounded, described the chaos as deputies secured the scene and blamed Mrs. Brown for a shooting.
Gov. Dan Moore defended the plan to allow service stations to qualify as inspection sites while stressing regulations are designed to avoid friction. Lawmakers voiced concern about public inconvenience echoing 1947, and Moore said the rules ensure stations can qualify with needed facilities. He also announced Wallace Fuller’s resignation as Water Resources director, citing a need for stronger technical credentials and promising qualified replacements.
New York AP reports a major copper producer approved government plans to release 200000 tons from stockpiles. Phelps Dodge Corp. spokesman said added metal is needed by U S industry to meet defense needs during the Vietnam War era. Defense Secretary McNamara said the move aims to prevent price spikes and ease a world shortage.
David Weed of Pitts ton Maine recalls a brutal retreat after a Viet Cong ambush. He describes leaving wounded behind, cries of soldiers, and a night battle as reinforcements arrived. Viet Cong mortars hit Tan Hiep base, with chiefs fighting hard as helicopters avoided danger from unexploded charges.
Machinists at McDonnell Aircraft threaten a midnight strike that could halt Phantom fighter production for Vietnam and delay Gemini 6 and 7 launches scheduled for December. About 11,600 union members rejected a company offer, with Cape Kennedy workers voting to accept but local ties to St Louis loom. NASA could not forecast launch impact without duration.
Two young sons of Army enlisted man Spec 5 Peter Russell Jr., 4, and Paul Russell, 3, were killed when struck by a car driven by Mrs Shirley Heatherly, wife of their father's first sergeant, near Fayetteville. The accident occurred on a rural paved road about five miles northwest of the city. Russell, temporarily on duty in the Dominican Republic, was expected back today. The driver, Mrs Shirley Heatherly of Fayetteville, reportedly did not face charges.
U S Marines ferried in Vietnamese troops amid heavy fire in Hiep Duc district. Viet Cong overran the district headquarters and a defense post, with casualties and partial combat losses reported as helicopters repeatedly hit and Vietnamese reinforcements struggled to dislodge the enemy from hilltop positions and trenches.
B F Goodrich Co plans a 12 million footwear plant near Lumberton to employ about 1000 workers at peak production. General Manager John C McKinnon announced the plans at a reception and dinner, with expected operation starting January 1967.
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