Wall Street Stumbles Toward Blue Monday In New York
The Dow Jones average slid to 740.75 at noon, down 3.57, threatening the lowest finish since November 22, 1963, as prices fell from the open and the ticker ran late before a partial recovery later.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 10, 1966
Page
2
The Dow Jones average slid to 740.75 at noon, down 3.57, threatening the lowest finish since November 22, 1963, as prices fell from the open and the ticker ran late before a partial recovery later.
A dense listing of New York Stock Exchange and American Stock Exchange stock prices shows 3pm figures for Abbott Lab Abex Corp Allied Chemical Alcoa AmAirlines AmEngka AmMet AmT and T notes among many others. The page catalogs high low last and change values with numerous company quotes and market shorthand.
The Supreme Court agreed to hear Curtis Publishing Co from a $460000 libel damages award to Wallace Butts former Georgia coach over a 1963 Sunday article alleging he shared pregame secrets about the 1962 Alabama Georgia game Alabama won 35 0 The Times later noted libel damages may not meet facts and no date was set for the hearing
Market activity muted at the open as Cotton futures show no trades. Prices listed include surrounding quotes with little to no movement from the previous close and points varying in a narrow range.
Temperatures across North Carolina and South Carolina will run two to six degrees below normal from Tuesday through Saturday. Highs range from the upper 60s to mid 70s with cooler periods at the week’s start and end. Rain across the interior mountains is unlikely, with about one third inch possible elsewhere later in the period.
Hurricane Inez struck the Mexican coast near Tampico with 136 mph winds, missing South Texas and its citrus crop. Brownsville residents evacuated but later returned as warnings eased. Tampico reported 90 mph gusts. the storm center lay about 30 miles northwest of Tampico midmorning. The system, at 17 days old, has caused numerous deaths and remains moving inland slowly, with warnings extending along the Texas coast and into nearby ports. Citrus growers fear heavy damage to orchards if the storm persists.
A 48-year-old theology professor and former royal occult adviser in Rabat rose from a miraculous funeral incident in Fes to prominence. Born Georges Harrar, he trained in Casablanca and Paris, later ran a private clinic diagnosing hopeless patients with a high success rate, and amassed wealth from divination and healing.
Moroccan scholar Harrar rose to professor at Rabat University in 1954 and warned of Stalin’s death and nuclear tests. As royal adviser to Mohammed V, he pushed for mass Jewish migration to Israel, drawing secret police enmity and threats of assassination. He faded from influence as his clairvoyant predictions fell out of favor.
Newport police say the fatality at Rough Point occurred when the car driven by Tirella moved forward as Doris Duke shifted from passenger to driver. Tirella died from brain injuries after being crushed by the gate and a tree. Duke, heir to the tobacco fortune, reported the accidentudad a hundred times before. The medical examiner's report is pending.
President Johnson and Soviet Foreign Minister Gromyko plan discussions in Washington, aiming to end the Vietnam War and ease tensions. The talks follow U S efforts to suspend bombing and a possible accord banning military use of outer space for peaceful exploration.
A Vernon California narcotics officer says illegal pep pills fuel today’s fast spinning industries. Sgt. F E Sweeney notes workers on drugs are not actively condoned yet employers ignore the issue. He addressed an industrial health conference on Saturday.
Jane Pierce 38, daughter of Nobel laureate Ralph Bunche, was found dead in the courtyard of a Riverdale Bronx apartment building. Autopsy cites death by a fall from a good height. Pierce, a Cornell alumnus, was married to Burton and mother of three.
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