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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 03, 1970
Page
2
The Dow Jones average fell .53 to 791.84 by noon as declines outnumbered gains about 200 on the NYSE amid tepid trading and little news. Utilities and rails rose while chemicals and electronics declined, with copper stocks soft despite price hikes from Inspiration Consolidated and Phelps Dodge.
New York AP stock list shows mixed noon values with Am Petr and AtlasCorp trading higher while Amarga and several others slip. Analysts note dividends footnotes explain rate declarations and extra distributions as market activity remains cautious.
The noon stock index update from the New York Stock Exchange shows mixed trading with activity in industrial and transportation sectors. No clear gains or losses are specified due to text garble but suggests ongoing market movement.
DETROIT AP The U S auto industry posted its worst first quarter sales for new cars since 1962 with four major U S producers selling 1 782 434 cars in the quarter ending March 31 down 12 2 percent from a year earlier 2 029 857. March sales totaled 646 673 down 10 1 percent from March 1969.
North Carolina shows increasing cloudiness tonight with frost risk inland and Saturday rain chances in the mountains and elsewhere. South Carolina stays clear and cold tonight with inland frost risk, then partly cloudy and warmer Saturday. Virginia and Georgia remain fair and cool, with mixed cloudiness Saturday and slight rain chances in the far north. Extended North Carolina outlook through Tuesday adds rain chances, cooler coastal days, and low to mid 30s mountains to mid 40s inland.
A Japan Airlines Boeing 727 hijacked by young Japanese left Seoul with 13 aboard for Pyongyang after freeing 103 people in Seoul. Shinjiro Yamamura, Japan’s vice minister of transportation, joined as hostage to ensure the flight to North Korea. The Red Army faction claimed responsibility.
The city Inspections Division reports building permits totalled 57,657 with five new houses valued at 39,000 and nine dwelling improvements totaling 9,205. Permits include repairs and roofing work, fencing, and alterations to several businesses, with specific sums listed for A. J. Malpass W. R. Campbell Curtis Smith Deal Inc Ray Crawford and Henry Shavitz Realty.
Senators voiced positions on Carswell as the nomination viability tied to a recommittal vote and confirmation outlook. Montoya backed recommittal while Smith Bible and other allies oppose, boosting public opposition to 38. Tydings Cranston pressed for FBI inquiry into investigative procedures and past white supremacist speech.
Brown 26 appeals a five year sentence after a 1968 New Orleans conviction for violating the federal firearms act. Bail conditions limited travel to New York for trial appearances and risked forfeit of a $10,000 bail. The defense urged funds be found or bail set aside.
The Conservation Council of North Carolina may seek funding from Nature Conservancy to buy Bald Head Island and resell to the state later. CCNC leaders say they will survey, explore options, and decide on a formal request while stressing they aim to save the island. The Nature Conservancy notes it does not lobby and has not yet been approached.
Thousands of striking drivers returned to work under a tentative three year agreement that would raise the average wage by more than one dollar per hour. The pact covers about 425000 workers with city and long distance drivers receiving wage increases and a total three year cost reported slightly over two billion dollars. The settlement follows a nationwide wildcat walkout and is to be finalized after a mail vote among members.
Sen. Fulbright argues the United States should accept North Vietnam's dominance in Indochina as a political reality and says it poses no threat to U.S. security. He supports an all-Indochina conference on neutrality and notes North Vietnam's pre eminence would be tolerable if it arises from local power dynamics.
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