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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 27, 1966
Page
2
The market opened higher with the Associated Press average up 1.6 at noon to 290.8 as industrials and oils buoyed broad gains. Analysts saw favorable news and technicals improving while Dow progress continued amid rotating leadership among sectors.
Regional forecast for North Carolina and South Carolina notes decreasing clouds along the coast and fair inland, with cooler temperatures and scattered frost at night. Lows range from the upper 20s to near 50, with highs mid 60s to mid 70s and a warmer Friday.
Washington experts say expanding Social Security benefits could be funded by raising the payroll tax and widening the wage base. The base would rise from 6600 to 7800, with the tax rate up to 4.6 percent for both workers and employers, potentially starting in 1968. The $68.40 rise would hit the worker earning 7800 annually, with a matching employer amount.
LBJ says allied goals are to end aggression raise living standards and create security and progress in the region. He cites Cam Ranh Bay and Manila as proof of real gains in mill and nation building. He adds peace terms may come within six months and stresses the written intention to the world.
The article explains President Johnson’s balancing act as he chairs negotiations with Marcos Park Holyoake and Holt. It notes Marcos must match troop commitments with peace efforts while Park cannot appear soft on Viet Nam. New Zealand and Australia allies are cautious yet dependent on Johnson’s leverage.
The New York cotton market opened today with five actual trades recorded. Traders reported activity in fiber prices and session interest showing early demand for delivery in forthcoming months.
President Johnson pinned the Navy Cross on Marine Coffman from Richmond during a visit to Da Nang. Coffman recounted rescuing comrades under heavy fire 10 miles south of Chu Lai on Oct 10, after a 40 minute clash with Viet Cong that left two Marines dead and Coffman wounded.
John North Langley and David Ellis Langley pled guilty in a suburban Australian court to throwing paint filled bags at Johnsons car as it moved to Government House reception. The brothers offered to compensate victims with 1912 dollars from savings. They were held for 14 days pending sentencing.
Chrysler Corp the nations third largest auto maker reported lower earnings for the third quarter and the year to date. Net income for the quarter was 6.5 million or 14 cents a share and for nine months 123.4 million or 2.72 a share.
W F Ammons of Pineville chased down a robbery suspect after seeing Betty Griffith attacked near a bank in Charlotte. Police charged William Higgis and Willie Guthrie, both 24, with the robbery and held them on 5000 bond. Griffith reported a knife was brandished. Ammons said he acted to help, expressing respect for the law and those who assist police.
Fifteen people were trapped for 95 minutes in a jammed elevator at the Michigan Bell Telephone Co. office building in Detroit. The car stalled between the first and second floors from 5:02 p.m. to 6:37 p.m. Heat and lack of ventilation made conditions dire until an elevator company emergency crew rescued them.
Ted Walker of the Ozark Empire Grocers Association says stores cannot afford further price cuts while housewives groups push lower costs. In Albuquerque HELP ends a boycott after lowering bacon, bread, and milk prices to 69, 29, and 49 cents respectively.
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