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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 18, 1967
Page
3
AP analyst notes speculative mood in stocks with rising margin debt hitting a record 5.79 billion and 780000 margin accounts. Despite higher collateral, unauthorized lending flows into markets, raising concerns about volatility and risk if prices fall.
Prime Minister Harold Wilson signals possible talks with Soviet Premier Kosygin to coordinate new peace moves in Vietnam. He may visit Moscow next month to discuss joint action, aiming to test Hanoi for peace talks while opposing a North Vietnamese invasion.
A wave of consumer goods price increases is forming as wholesale costs for steel lumber nickel and chemicals rise. Retailers welcome Ways and Means shelving of the 10 percent surtax bill to avoid dampening Christmas sales. Also notes inflated cigarette taxes abroad and a new cement product from Texas Industries named 4-C claimed to prevent cracking and expand concrete markets.
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