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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 22, 1967
Page
2
American Exchange reports heavy trading as a rally falters midday. The Dow Jones industrial average rose 6.25 in initial trading but trimmed gains to 2.26 at noon, standing at 873.21.
A dense table from the Associated Press outlines dividend statuses, ex-dividend dates, and related notes for multiple equities. It lists percentages, stock codes, and footnotes indicating paid or in arrears dividends, new issues, and other distribution details across numerous companies and sectors.
Guilford County Sheriff Paul Gibson says the department is five employees short of its 75 member authorized staff. Three patrolmen, one jailer, and a secretary are needed as the county population grows. He notes 25 officers currently cover patrol and criminal duties and seeks 25 more, with a four platoon rural duty plan. A law enforcement study by consultants is about half complete.
The nonviolent protest scene is examined as Brooks, with counsel, objects to questions about CarMichael and Brown remarks describing a fight to the death for Negro rights and plans to burn America down, while McClellan presses for answers.
The AP lists the New York Noon Stock Exchange index reading for midday in New York. Market activity shows trends across major sectors with notable shifts in technology and financials.
The administration aims to halve a 29 billion dollar deficit this year through a fiscal package of tax increases and spending cuts to be presented to the House Ways and Means Committee. A 10 percent surcharge on income and corporate taxes may take effect October 1, with retroactivity possible for some sectors.
Forecast for North Carolina calls for mostly cloudy conditions with occasional rain or showers tonight and near the coast early Thursday. Cooler statewide Thursday with 34 to 40 degree mountain lows and around 50 along the coast. Five day outlook shows near normal highs in the northeast, below normal elsewhere, with temperatures in the 50s and 40s, and overnight lows largely 30s to 40s. The forecast notes a quarter to half inch of precipitation through the period. The text then oddly diverges into unrelated political quotes about President Johnson and Lady Bird, mentioning Brooks and an exchange about shooting.
Three statewide banks in North Carolina increased prime interest rates to 6 percent amid a national trend following the British pound devaluation and a Fed rate rise from 5 percent. North Carolina National Bank and First Union National Bank of Charlotte acted Tuesday. Wachovia chairman Archie K. Davis, speaking in Knoxville, said the pound devaluation could be a blessing in disguise for the U.S. and urged a tax hike paired with reduced government spending.
The Senate bill would raise the payroll tax to 5.65 percent in 1987 affecting 75 million taxpayers. Benefits would rise to 352 in 1968 and up to 626.40 by 1987 while expanding disability and widow rules and allowing early retirement with reductions. It rewrites AFDC cost controls, tightens job requirements for many, and revises medicare medicaid and welfare provisions, with administration allies opposing House cuts.
Scattered showers are expected near the coast early Thursday and again over a district on Saturday. The brief wetting is anticipated to affect outdoor plans with light to moderate rain likely in pockets. Local officials urge precaution for travelers and outdoor workers.
AP Military Writer recounts General Westmoreland echoing McNamara on phasing down U.S. role in Vietnam within two years. He cites development of the South Vietnamese army and notes earlier White House statements, 1963 upheavals, and the 1965 U.S. buildup to 525,000 troops by 1968.
Capt. Leroy Horton 41, commanding officer of Fire Station No. 2, was killed when his private pickup exploded while he tried to start it behind the station after quitting his shift. The explosion, occurring after 8 a.m., may have involved dynamite or another explosive. Horton was married with three children, lived in Statesville, and also worked at a local plant and from time to time cutting pulpwood on a nearby farm.
A platoon led by 1st Lt. Bryan Macdonough fights through heavy fire to reach a ridgeline after days of bombardment. Air strikes fail to break enemy positions as 140 wounded are evacuated. helicopters deliver water and ammo lifting morale before a final assault.
The Dow Jones averages show varied movement with gains in industrials and utilities offset by declines in other sectors. Industrial index rises to 873.21 up 2.26 while utilities edge higher. overall totals reflect modest shifts across the market.
Mrs Floy Havmer Crouch wife of Dr W Perry Crouch executive secretary treasurer of the North Carolina Baptist Convention died after a long illness in an Asheville hospital She was 59 Survivors include three sons Dan and Robert and Henry and a daughter Mrs Allen Patterson Funeral services set for Friday at 11 in First Baptist Church with burial in Green Hills Cemetery
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