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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 24, 1967
Page
2
The New York stock market advanced in early trading with the Dow Jones up 3.06 to 97.71 as gains outpaced the declines. Analysts called the move a technical rebound from oversold conditions and noted a potential test of support after Monday's drop while General Motors announced recall of 1,143,000 1965 Chevrolet passenger cars.
NASD posted inter-dealer over-the-counter quotations as of about 10 34 AM today. Prices shown are representative inter-dealer levels and do not reflect retail markups markdowns or commissions as markets fluctuate through the day.
Wachovia Bank and Trust Company directors boosted the quarterly dividend to 22.74 cents per share, up from 20 cents. The payout is payable November 15 to holders of record November 1. For the first three quarters of 196, earnings per share rose 9.5 percent, with resources up 11.9 percent to 1.278 billion and loans up 5.8 percent to 723 million. Interest on time deposits climbed 33.9 percent to 15 million.
South Carolina sees considerable cloudiness and mild conditions with a chance of scattered showers near the coast. Georgia remains mostly cloudy with little temperature change, scattered showers inland and on the coast. Virginia stays fair tonight with lower temperatures and a warm, partly cloudy Wednesday with a chance of rain.
M C Benton Jr. of McLean Trucking Co Winston-Salem says operating revenue for the first fiscal quarter ended Sept 30 rose 7 percent to 24 911 769 from 23 208 295 but net income fell 14 percent to 1 171 635 from 1 358 873. Per share earnings dropped from 99 cents to 9 cents, due mainly to an investment tax credit shifting 10 cents per share in 1967 versus 1966.
Security Life and Trust Co. posts a nine month net from operations of 1,894,000 or 72 cents per share, up 18.3 percent from a year earlier. New business sales for the period total 7262 million, a 10 percent rise from 1966.
William A. Jester of The Life Insurance Company of Virginia, High Point district office, completed the required NASD examination and is licensed in North Carolina to sell mutual fund shares for the First Fund of Virginia, a new mutual fund by Life of Virginia.
A gunman, described as icy and calm, fired at targets in a paper mill and other sites in Union County and nearby towns. He wounded a Piper Aircraft employee and killed and wounded a Loganton couple, then was captured after a chase ending behind his home. His family was unaware of disturbances before the shootings.
In Saigon the Roman Catholic community, a staunch anti communist group of about 2 million, won the largest bloc of seats in the House of Representatives, reflecting strong backing as the Senate also shows Catholic influence. They are part of a split political landscape with Buddhists and other factions, while Thieu’s support remains unpredictable. The Hoa Hao and Cao Dai sects gained a share, and the government holds power as both houses align with various regional and religious interests.
The Treasury aims to melt silver coins to stockpile enough metal for domestic use into the 1970s. Assistant Secretary Robert A. Wallace says 350 to 425 million ounces in bars and coins will be ready by next June 24, matching the deadline for exchanging silver certificates. The move follows a rise in silver prices and ongoing withdrawal of 90 percent silver coins from circulation.
Negro playwright LeRoi Jones was dragged handcuffed and screaming from a Morristown courtroom on the second day of his trial on charges tied to last July’s Newark riots. He objected to being judged by white men as officers escorted him from the defendants’ table after asking to speak. The trial was moved from Newark after defense complaints of publicity.
The remarks probe if three nations combined exceed China in industry and manpower, question U.S. wartime costs for troops in Korea Thailand and the Philippines, ask why NATO allies miss the threat, and compare U N views on organizing peace with U S power. The query also asks how many Chinese troops are abroad versus Americans in Asia and whether that signals communist expansion.
The article portrays Robert McNamara as a lightning rod for anger over the war in Vietnam. It notes growing Congressional and columnist discontent with his leadership while highlighting disputes over the F111 fighter bomber, antiballistic defense, and gun shortages. It also mentions his private dining rumors and a possible trip abroad after leaving the Pentagon.
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