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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 24, 1971
Page
2
The Dow Jones Industrial Average climbs past 900 as investors rally on Nixon administration policy signals and housing finance measures. NYSE gainers outpace decliners with sectors like steels, rubber, oils, airlines, and electronics leading the advance amid renewed optimism.
Interdealer prices as of 11 a.m. show bid and ask figures for listed companies and brands. Prices exclude retail markdowns and commissions and reflect NASD interdealer quotes rather than consumer rates.
Procunier calls the situation a prison conspiracy apex at San Quentin. Meanwhile authorities probe Oakland and Berkeley for 29 year old Bingham who worked with Berkeley Neighborhood Legal Service and the law firm Franck Hill Stender Ziegler Hendon. Bingham is nephew of Jonathan B. Bingham.
The Associated Press compiles stock averages with noon Tuesday figures across rail and utility indices. Data includes net changes, previous levels, and year ago comparisons for major stock categories and rail indices.
Former helicopter pilot Hugh C. Thompson Jr testified he saw Army Captain Ernest L Medina shoot a wounded Vietnamese woman at My Lai while hovering over the rice paddy. Medina, 34, of Montrose, Colo, faces premeditated murder charges for alleged killings of Vietnamese civilians during the assault.
A cluttered AP wire item notes New York index figures at noon with mixed readings across sectors. Mentions industrial and transportation subsectors and several numeric codes, but details are fragmented and partly illegible.
East Alabama boards seek federal guidance on obeying court desegregation orders or Wallace executive orders. Judge Pointer presides as Wallace’s adviser Harris argues for legality while Wallace calls Pointer narrow and brainless. Desegregation orders pushed busing and school pairings in Calhoun and Oxford.
The article notes a continued freeze with fines, a one percent dollar drop on foreign exchanges, and a strong Wall Street advance as the Dow gains 11.47. The Cost of Living Council issues new wage guidance targeting nonunion white collar workers and confirms limits on utility fees and government charges during the 90 day period. Agriculture offices will field freeze inquiries and forward complaints to the Office of Emergency Preparedness.
The dollar weakened sharply in European markets as big traders moved to unload dollars, while in Tokyo demand pushed the currency higher and the Bank of Japan spent about 110 million to meet it. Japan ruled out a unilateral yen rise, calling for talks among leading nations.
A former soldier told the Henderson murder trial he saw at least 80 bodies at My Lai but was never questioned by superiors about the village events. Michael B. Terry estimated 50 bodies along a road and 30 in a ditch, and said he was not asked by a higher officer about that day.
The IRS will handle questions and reports of non compliance about the wage-price freeze. The eight state Southern region including Kentucky Tennessee North Carolina South Carolina Georgia Alabama Florida and Mississippi now directs inquiries to IRS offices.
Connally says it is unlikely all controls will be lifted after 90 days in a wartime price freeze. Experts predict a price jump when the freeze ends unless restraints are extended. The dialogue covers duties, discounts, record rules, interest versus profits, and restaurant pricing under the wartime regime.
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