Market Slows as Prices Drift in Early Trading
In New York the stock market opened with a drab performance and moderate turnover. Overall losses were unimpressive though several large blocks traded at lower prices signaling mixed investor sentiment.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 25, 1966
Page
2
In New York the stock market opened with a drab performance and moderate turnover. Overall losses were unimpressive though several large blocks traded at lower prices signaling mixed investor sentiment.
Quotations compiled by the NASD at 10 30 a m today show representative inter dealer prices for listed securities. No retail markups included and some terms denote dividends or footnotes as of 1966. figures are unofficial and based on latest available data.
Moore announced that an educational laboratory will be built in North Carolina as part of a three state regional project under a U S Office of Education development contract. The lab will study teacher education, early childhood development, instructional technologies, and other education areas with participation from over 200 educators.
UNC President William C. Friday announced a study of ten year growth for the four UNC branches. A committee led by Dr. A K King will plan teaching expansion staff increases new facilities and the role of computers and technology. The proposal includes court changes to the executive committee and funding requests totaling 19.7 million dollars for UNC Charlotte capital improvements.
London AP security men hunted master spy George Blake as former prisoners recalled his comfortable Wormwood Scrubs life. Blake was held in D block with about 200 long-term offenders who enjoyed priv ileges and light supervision during the open cell association period.
The National Association of Food Chains reported profits at 1.31 percent of sales, down from 1.41 percent last year, as Seymour D. Simpson of Daitch Shopwell criticized profiteering and urged understanding of tough margins. He warned the report won’t move household budgets, noting housewives focus on emotion over balance sheets.
North Carolina shows scattered rain or showers mainly east with clearing west tonight. Lows 35 to 45 in the mountains and upper 40s to mid 50s elsewhere. Winds to cool. highs mid 60s to lower 70s across the region. South Carolina reports scattered rain mainly along the coastal plain ending tonight with cooler conditions inland. highs in the lower 70s and near 70 along the coast.
Tokyo reports Dr Takashi Hirayama notes milk intake linked to lower risk while daily salted pickles raise risk in Japanese diets. Researchers cite milk and greens with meat as protective mix. overall diet shifts may help explain Japan's cancer decline.
Leaders from the United States Philippines South Korea Australia New Zealand Thailand and Thailand discuss a plan to withdraw allied forces within six months after conditions are met. The Manila declaration calls for ending aggression reducing poverty illiteracy and disease and boosting regional security and cooperation.
The report notes stock averages showing declines amid fluctuating prices. It mentions bonds and associated indexes, with scattered details about rail stocks and Aero group movements.
Former Gov. Terry Sanford tells Raleigh food brokers that the United States has the best system of food distribution in the world. He dismisses charges that middlemen skim profits and says brokers improve efficiency and lower costs for housewives. He notes Americans spend a small share of income on food due to productivity and high living standards.
An insurance advertisement urges readers to consult their Southwestern Life Agent for tailored coverage. It touts special courses adding 500 extra hours of study to analyze individual cases for each person, positioning the agent as a trusted ally.
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