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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 06, 1971
Page
2
The Dow Jones 30 rose 1.09 to 850.54 as Advancers led Decliners on the NYSE. The AP 60 stock average gained 0.6 to 305.6 while rails metals and motors showed mixed results and steels fell. The Labor Department reported unemployment at 5.8 percent in July, with analysts noting a cautious investors mood and ongoing concerns about inflation and the dollar.
The AP reports Washington today released the 1972 draft lottery numbers in calendar order. It lists numbers for January through December and into next year, detailing many entries across months with multiple figures and occasional formatting inconsistencies.
As courts in seven Northern cities push desegregation by extensive busing, Pontiac Michigan prepares for a Supreme Court test after an appeals loss. Desegregation plans also move in San Francisco Pasadena and pending actions in South Holland Tulsa Waterbury and Indianapolis. Federal aid leverage by the Health Education and Welfare Department pressures districts toward compliance amid long running battles over freedom of choice plans.
The New York Stock Exchange index figures show minor movements with small changes across sectors. Industrials and transportation sectors edge lower while overall market tone remains subdued amid steady trading.
At the World Scout Jamboree in Asagiri Heights Typhoon Oliv caused heavy rain and tent damage. About 23 700 scouts and leaders were evacuated to schools temples and other public buildings as floods forced relocation and tents flooded. Art Miller a 16 year old from Burlington North Carolina noted the camp food was better and a river ran through his tent after the storm.
Viet Cong mines struck a U S armored vehicle and a South Vietnamese bus near Da Nang, killing four American troops and 20 civilians. An American dies in a separate attack. 18 others wounded. The incidents came as reports noted heavy mortar fire near fire base Fuller and losses of two U S aircraft.
Washington AP reports the Federal Communications Commission proposes rules for cable television including offering subscribers a wide range of signals and two way potential linking home screens with computers and future shopping networks. The plan also envisions free closed circuit channels for government educators and citizens.
A subtropical low with gale force winds up to 60 miles an hour centered about 600 miles northeast of Bermuda was reported by the National Hurricane Center. The low is moving northeast at 20 to 25 knots and may intensify slightly, while a weak low between Africa and the Lesser Antilles drifts west-northwest. A weather area near the Lesser Antilles weakened and moves west, and Gulf of Mexico cloudiness trends westward with no tropical development expected today.
US Senator Henry Jackson of Washington a 1972 Democratic presidential hopeful arrives in Raleigh for speeches and reconnaissance. He holds a news conference and a reception at the Velvet Cloak Inn tonight then travels to Wrightsville Beach Saturday for the Young Democratic Clubs luau with a 5 30 p m reception and 7 30 p m luau.
Albert the 10 foot alligator living on a Florida golf course lake was ordered evicted by a Collier County judge after he ate a poodle. State officials appealed while Bailey fought claims of prejudice. Officials then captured Albert and relocated him to the Everglades amid safety concerns.
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