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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 26, 1967
Page
2
The Dow rose 1.85 points to 888.58 at noon as stocks advanced in active early Thursday trading. The session followed a technical rally the previous day driven by high flying issues with thin floats and large short positions.
The article explains various footnote letters used with the American Sales table. It defines terms for extra dividends, stock splits, liquidating payouts, ex dividend and ex rights status, and related conditions through letters a to fi.
The administration backed civil rights legislation facing a possible filibuster in the Senate. Dirksen warned of a filibuster if action occurs, while Mansfield expects a Senate vote this year after review. Southern senators have a history of opposing civil rights measures.
Sen. Sam J. Ervin Jr. of North Carolina says he will oppose civil rights legislation unless an Indian Bill of Rights is attached. The Senate Judiciary Committee 87- to drop his amendment, with Ervin in the minority, citing administration fears it could invite more amendments.
Electronic Accounting Card Corp. declares a regular dividend of 10 cents per share payable Jan. 12 to holders of record Dec. 15. Fiscal year ended Sept. 30 shows consolidated net sales of 5,145,209 and earnings of 216,909 or 43 cents per share, down from last year. Backlog supports a stronger first quarter.
American Bakeries Co reports strong interim results for the third quarter with sales of $68,794,859 up 4.5 percent and net earnings of $870,407 up 10.3 percent from 1966. For the first 40 weeks ending Oct 7, sales reached $227,528,641 up 5.9 percent and net profits were $3,650,972 up 15.8 percent, aided by a second quarter capital gain.
The Administrative Management Society will hold its next meeting on November 1 in the Sheraton Hotel Ballroom starting at 6 p m. Emil J Guia of Ernst and Ernst Cleveland Ohio will speak on Managements Stake in Accounting Principles.
At least 430 people answered a magazine ad promising 30-cent premiums on $1 silver certificates. A man using a fictitious name and a Stamford address collected over 150,000 in silver certificates mailed to him from a Philadelphia hotel. A warrant for his arrest was issued.
North Carolina sees fair cool conditions with 30s in the mountains and around 40 inland and along the coast. Friday brings partly cloudy skies and rising temperatures. South Carolina also stays fair and cool with lows near 40 inland and 40s on the coast, and Friday warms with partly cloudy conditions. Georgia is fair and cool with light frost in the north. Friday is partly cloudy and warmer with lows in the 36 to 46 range and Friday highs reaching the 70s. Virginia remains fair tonight with lows 32 to 44, increasing clouds Friday. highs range 58 to 68 in the mountains, 62 to 68 elsewhere.
Leo J. Heer urged High Point to pursue bigger showrooms hotels parking and dining to sustain the furniture market. He said the industry drew buyers from across the nation and abroad and that the market could mark a turning point after a slow period. Over 82 000 people had visited since opening and the Green Drive Wing added with a five million dollar cost.
Over the counter quotations from NASD reflect inter dealer prices at about 10 30 am today. Market changes throughout the day and prices exclude zeta markup and commissions. Heer says High Point created the world’s greatest furniture market and the community must build to keep and expand it.
Pope Paul VI and Orthodox Patriarch Athenagoras meet in Rome for a second time as Vatican and Orthodox leaders pursue dialogue and reconciliation amid long standing church tensions. The encounter deepens ties between Rome and Constantinople, signaling renewed ecumenical effort.
Truman Capote gains permission from Gov. Dan Moore to interview four inmates on Death Row in North Carolina for a September 1968 TV documentary on capital punishment. The prisoners include Frank Marion Crawford Albert Bobby Childs Glenwood Williams and Joseph Eugene Spence all with appeals pending.
Miami Beach A P report notes Dr. Saxon Graham of State University Buffalo says late puffing patterns on a cigarette yield more tar than early or even puffing. He cites tests showing late puffs produce 21 percent more tar than early puffs and twice as much as even smoking.
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