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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Sep 13, 1967
Page
2
New York trading sees heavy early gains with declines outnumbered about eight to three. Glamor stocks and blue chips rise across the board as inflation concerns and tax policy uncertainty in 1968 drive buying. Volume surpasses ten million shares with the Dow up 9.02 at noon to 920.77.
The excerpt lists dividend related footnotes and codes used in a New York Exchange rates table. It defines lettered indicators such as a regular annual disbursement, stock dividends, liquidating dividends, ex rights and ex distribution, warrants, and next day delivery, plus notes on declarations and payables for 1967 and earlier periods. It also mentions Korea's equalization tax.
State highway officials announced 424 municipalities will receive 9,959,054.78 in Powell Act street funds, mailed late September to be delivered by October 1. Charlotte leads with 906,078.56. rural Falkland receives 389.91.
New York City seeks to fine the United Federation of Teachers ten thousand dollars per day and jail its leaders as a city strike halts classes for 1.1 million public school students. Hearings are set on a bid to ban the strike while talks continue.
Guilford Mills Inc announces a 6 percent average wage raise for all hourly production employees effective September 11. The increase covers Guilford Knitting Mills Guilford Dyeing and two affiliated plants Oak Ridge Textiles and Lockette Corp impacting about 500 workers in the Greensboro textile complex.
Barbee Hudson L Barbee of Winston Salem formerly led national military and government accounts for Freight Carriers Inc joins Colonial Motor Freight Line as general sales manager. He plans to move his family to High Point soon.
A noon market update shows the New York stock index scattered with small gains and losses across several listings. Figures include modest shifts around 53.25 to 55.55 with varied changes and a 52.98 reading on one measure.
In Hong Kong thousands opposed Mao supporters clashed with Red Guards in a Canton stadium. Visitors said over 30,000 were involved and gunfire echoed for hours until the army intervened. Reports from Taipei massed clashes across Szechwan Manchuria and other provinces with casualties feared and transport disrupted.
Hollywood actress Susan Oliver, known for Peyton Place, planned a two year flight from New York to Moscow in a light plane after obtaining oral permission from Soviet authorities. The reversal by Russia was not explained.
An editorial argues that military strength remains essential yet education is the enduring defense of a nation, emphasizing lasting value of schooling over force and urging sustained investment in learning.
Alice Crimmins, 29, arraigned in Queens on a first degree murder charge for allegedly strangling 4 year old Alice Marie two years ago after her children disappeared from their home on July 14, 1965. Her bond was set at 25 000 and she pleaded innocent.
North Carolina Insurance Commissioner Ed Lanier examined projected losses and profits as officials debated a 16.5 percent rate rise for auto liability insurance. The Rate Administrative Office reported eight firms ceased auto policy writing since 1964, with three losing money and one in receivership. Net incomes for insurers were 1.105 billion in 1964 and 997.591 million in 1965, while officials noted longer loss projections affected the proposed increase.
Forecast calls for partly cloudy skies and continued cool conditions tonight through Thursday. Low temperatures mainly in the 50s to 60s inland and near 60s along the coast with highs in the 70s to lower 80s. Slight warming Thursday and Friday, with a chance of rain Saturday and Sunday and total precipitation around an inch or more.
Romney faces pressure from backers to present clear positions on major issues while pursuing a coast to coast tour of urban centers. He has tried to clarify his remarks on Vietnam but risks muddling his message with partial statements and off the cuff comments.
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