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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 04, 1971
Page
2
The Dow Jones 30 edged up 3.07 to 853.10 at noon, while the NYSE showed slight declines against advances. Traders cited dollar strength inflation and rate concerns, with ITT dropping nearly 9 points after announcing divestiture plans.
The text lists various dividend and distribution notes used in New York Exchange declarations for 1970 and 1971. It covers extra dividends stock dividends liquidating dividends and ex-dividend classifications with several lettered categories from a to tn including ex rights and foreign issue notes.
IPSA plans permanent post offices in 15 locations from Oklahoma City to Buffalo and expands the Telegram-like system with fax style handwriting. The firm eyes nationwide magazine delivery, public service pilots, and intracity Christmas card rates, seeking recognition from the Postal Service and broader corporate clients.
Market activity at the New York Stock Exchange shows minor moves with a 16 cent index shift. Industrials transportation utilities and other sectors display modest changes as trading continues near noon.
President Nixon rejected a wage price board as a method to curb inflation while signaling readiness to press for responsible industry and labor settlements. Senate Republicans proposed a wage price restraint system and Treasury Secretary Connally urged open congressional debate on the issue. Nixon cautioned that any incomes policy must not stifle the economy as he projected 1971 and 1972 as favorable years.
Senate records reveal confusion over CIA spending in Laos with estimates between 100 and 135 million dollars last year. Senator Miller suggests unaccounted funds may total about 120 million, while Stennis and Symington warn facts are insufficient to confirm CIA money in the matter. Fulbright criticizes covert use of troops in Laos per last year’s proviso.
Lt. Gov. Charles Sullivan leads with about 40 percent and Bill Waller with 27 percent as Mississippi reports 1,264 of 2,063 precincts. The Democratic runoff is set for August 24 if no candidate wins a majority. Charles Evers urged black voters to back Swan, but black sources call it a joke.
Market observers report high early activity on the South Carolina and North Carolina Tobacco Belt with record opening day sales. Prices average about 71.09 per hundred pounds, with sheets selling from 72 to 80 per hundred and some at one dollar per pound, as growers anticipate a strong season.
SPACE CENTER Houston AP The Apollo 15 timetable lists Eastern Daylight Time events for TODAY with Endeavour lunar orbit adjustments 85 to 63 miles and a subsatellite release to occur later. A main engine burn will set course for a Pacific splashdown followed by an eight hour rest and a planned moonwalk to retrieve film and cameras.
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