Market stalls as stocks drift in thin session
The New York market moved slowly in fairly active trading with more stocks advancing than declining by about 150 issues. The averages showed little or no change as traders weighed mixed signals.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Sep 28, 1967
Page
2
The New York market moved slowly in fairly active trading with more stocks advancing than declining by about 150 issues. The averages showed little or no change as traders weighed mixed signals.
The text lists footnote codes for dividend variations and stock actions such as extra dividends, stock dividends, ex dividend, ex rights, and warrants. It notes annual rates based on quarterly declarations and clarifies that sales figures are unofficial while some issues may be in bankruptcy or foreign issue tax situations.
Quotations from the NASD show representative inter-dealer prices at about 10 30 a m with markets varying through the day. Prices exclude any retail markup markdown or commissions.
New York cotton futures opened today 75 cents to 1.40 a bale higher than the previous close, with traders reacting to late session gains and ongoing supply concerns.
A Columbia woman told police two fast talking women bilked her of $4000 at a shopping center. A white woman claimed to be from Orangeburg and said her husband was killed in Vietnam, then introduced a Negro woman. The pair claimed an envelope with $33,000 and proposed a deal prompting Mrs. Clark to withdraw $4000 before they vanished.
North Carolina sees mostly cloudy skies with occasional rain and scattered thunderstorms mainly east tonight. Lows 40s in the mountains and 60s to 67 along the coast. Friday brings variable clouds and cooler air with a chance of rain near the coast. South Carolina expects more showers and scattered storms tonight with cooler temperatures, lows around 50 to the lower 60s near the coast. Georgia remains mostly cloudy with showers ending southeast tonight, partial clearing and cooler, then a fair and cool Friday with lows near 48 to 49 and highs 66 to 76.
Thomasville Furniture Industries reports third quarter net sales of 15.89 million, 1.12 million net income, and 41 cents per share earnings. For nine months net sales total 47.41 million with 3.17 million earnings or 1.17 per share. Dividend raised to 20 cents payable Oct 25 to Oct 11 holders.
Marshall F Smith named assistant controller at Indian Head Inc with responsibility for operations accounting across metal products and auto parts divisions. He spent 16 years at United States Steel Corp most recently as comptroller of the Acts Division and previously as accounting manager at Fairless Works in Fairless Hills Pennsylvania.
Brent Kincaid of Broyhill Furniture Industries in Lenoir is re elected president of the Furniture Manufacturers Credit Assn at the annual meeting becoming the first FMCA member to serve two consecutive terms.
American warplanes fought nine air battles with MIG fighters over North Vietnam as ground actions eased at Con Thien. U S pilots flew 159 missions, facing heavy antiaircraft fire. one Marine A4 Skyhawk was downed above the DMZ, its pilot rescued after ejection.
Dek contends its photo system speeds licensing and reduces clerical needs versus Polaroid. It claims open market access and $2,000 monthly mailing costs versus higher Polaroid mailouts, and notes many states already use its exposed negative magazine approach despite alleged tradeoffs.
Two young girls about two and eighteen months old were found on a hospital lawn in Dillon and placed in foster care in Columbia while their identities are sought. Probate Judge J. D. Rogers transferred custody to Patricia Mulvahill, a Catholic Charities case worker, as authorities try to locate the mother. A note attached to one child read that the mother cannot provide a proper home. The older child, with red hair and blue eyes, weighed 38 pounds. the younger has brown hair and gray eyes. The elder child indicated Highway 301 in front of the hospital as the missing mother’s location.
Authorities traced the deadly insecticide parathion blamed for mass poisoning to a warehouse near ingredients used in foods. Fifty bakeries were padlocked and guarded. 16 dead, about 25 hospitalized, and 300 released after treatment as investigations continued.
Paris obituary notes Prince Felix Youssoupoff, 81, who admitted killing Rasputin in 1916, died after a long illness. He had lived in exile in Paris since 1920. Rasputin, a mystic monk and favorite at Nicholas II’s court, shaped imperial intrigue.
Edith, once forecast to become a hurricane, weakened to 50 mph winds and slowed to 9 mph as it moved west-northwest. The San Juan Weather Bureau said it poses no immediate land threat but should be watched by the northern Windward and Leeward islands. Small craft were urged to stay near shore as movement and intensity remained steady.
Rod gers Frederick Weaver, 16, a Lewisville High School sophomore, died at a Charlotte hospital from injuries sustained in a flag football game at the school. Deputy Coroner Loren Hudson said no inquest would be held. Weaver fell during play and appeared to strike his head on another student's knee before suffering a headache hours later and being moved to Charlotte Memorial Hospital.
In Wilmington North Carolina an 88 year old fishing boat captain Ernie Woolard arranged his own funeral days before allegedly killing Julian Canady 70 and Alice Harrelson 59. He admitted shooting Canady claiming a will dispute and killed Harrelson for unknown reasons after slashing his own throat and wrists.
AP reports major party leaders say Vietnam war fate will drive Democratic candidates toward or away from President Johnson in 1968. Senators Magnuson Morton Long say Johnson’s Vietnam stance could lift or derail contenders as they reassess loyalties and domestic priorities.
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