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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 30, 1967
Page
2
The New York stock market posts a moderate afternoon loss led by the Dow Jones down 1.62 to 881.53 at noon. Trading slows with about 4 million shares changing hands as rumors swirl of a potential Fed discount rate rise amid gold outflows and cautious preweekend activity.
Unofficial sales figures and dividend rates are described as annual disbursements based on last declarations. Footnotes define marks for extra or special dividends, stock components, liquidations, timing, and status like ex dividend ex rights or bankruptcies where applicable.
NASD over the counter quotations reflect representative inter-dealer prices as of about 1 03 a.m. today. Prices shown exclude retail markups markdowns and commissions.
Noon NYSE index set at 52.42, down 0.08 with sectors including industrials near 5498, transportation at 4.9, utilities at 50.87. Cotton futures opened unchanged, about one dollar per bale higher than the prior close.
North Carolina sees a mix of snow flurries in mountains and rain near the coast with partial clearing tonight. Lows near 30 mountains to mid 40s south coast, and Friday looks cool with fair skies. South Carolina has showers near the coast then partial clearing, lows 30s to lower 40s, Friday partly cloudy and cool. Virginia rain ends tonight with possible snow in extreme northwest, lows upper 20s to 30s, Friday partly cloudy and less cold. Georgia clears tonight, Friday fair with little temperature change. lows 28 to 35 north and 35 to 44 south, Friday 50s north to 60s south.
Melville Dairies of Burlington and Guilford Dairy of Greensboro announce a plan to merge. Melville is owned by State Senator Ralph Scott, brother of the late Governor W. Kerr Scott. Scott helped found Guilford Dairy 37 years ago and organized Melville 40 years ago, serving as overseer of the Guilford plant.
Twenty representatives including Attends School D. Carnage Teeter of The Life Insurance Co. of Virginia High Point district office attended a special underwriters training school at the companys national headquarters in Richmond this week.
Southern Life Insurance Co. holds its annual management meeting in Whispering Pines with field management reps from its three state operating areas in attendance.
Reports describe a night battle where Communist forces attacked U S positions with mortars rockets and ground assault. American helicopter gunships and artillery responded as medics treated casualties and a soldier performed a tracheotomy on the field.
Congress moves to approve about 3.5 billion in federal pay raises and postal rate hikes. Senate passes two bills on civilian and military raises. House-Senate conference aims to 5.6 percent top postal increase. Raises retroactive to Oct. 1 and phased in three steps. Basic military pay boost projected at 4.5 percent per Richard Russell.
Washington AP reports President Johnson asserts major defense policies are clearly defined for McNamara’s successor, as McNamara moves to lead the World Bank. The World Bank group confirmed the offer, debated with Paris, and Woods presented the nomination after McNamara agreed in principle to the transition.
The President floated a fresh person for the Defense post amid McNamara’s exit. Johnson argued policy remains set and warned critics McNamara’s departure won’t alter his Vietnam course. Observers note political liabilities and wage debate over dissent and escalation.
Senator McCarthy cites 15 000 combat deaths and 94 000 wounded among U S forces, 100 000 to 150 000 civilian casualties in South Vietnam, and monthly U S spending of 2 to 3 billion. He links inflation and cuts in antipoverty and housing to the war and urges a political challenge to Johnson. He targets Wisconsin Nebraska Oregon and California primaries.
In Ormond Beach Florida two young men shot to death were found in a roadside thicket near U S Highway 1. Authorities pursued a lead tying one to a 1967 Eastern High School graduation ring with initials DS and searched for a matching class ring in Indiana.
Dr. Samuel W. Simmons of the U S Public Health Service warns that a disaster similar to Colombia’s bread poisoning could occur in the United States due to lax pesticide regulation. He notes inadequate tracking of poisons and risks in transport and loading practices as officials gather to study chemical poisonings.
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