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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 31, 1971
Page
2
New York trading showed the Noon Dow Jones down over 2 points as selling pressure rose. The AP Go-Stock average slipped to 327.7 with industrials off 2.4 and rails down 4 as investors feared Admin moves to curb dividends and profits.
Fragmentary OCR notes discuss stock 1971 ex-dividend values and distributions. Mentions last year, declared or paid accumulative actions, and references to ex-dividend records, bankruptcy, or reorganization statuses without clear context.
Quotations from the ASD show inter-dealer prices around 11 a.m. with markets shifting during the day. The excerpt lists bid and ask spreads for Amer Furniture and Caribbean notes among others, noting prices exclude retail markups and commissions.
The U S dollar fell against the Japanese yen and French franc and German mark, slipping below 340 yen to 338.90 in Tokyo and drifting lower in Paris and Zurich while rising modestly versus the British pound as markets react to policy moves and currency revaluations. Higher volatility noted as foreign money exits centers.
Noon NYSE index figures show mixed trading with small gains and declines across sectors. Market activity includes utility shares and transportation stocks, highlighting narrow movements amid uncertain sentiment.
Twenty years ago nearly all carpets used wool. Now wool is fourth, behind nylon, polyesters, and acrylics, as fiber preferences shift in the industry.
Ten empty school buses parked in a boarded lot were blown up Monday night in Pontiac Michigan a week before public schools were to open under a court ordered integration plan. No one hurt. police suspect fence cutting and planted charges under or between buses. Firefighters fought the blaze as flames shot high.
California Supreme Court rules the local property tax based school finance system unconstitutional. It says education quality cannot depend on district wealth, potentially shifting funding and prompting appeals. The decision highlights inequities between wealthy and poorer districts and their impacts on student opportunity.
Protests were scattered with few incidents as Southern school openings largely proceeded under new desegregation plans. Georgia reported over a million students back. Bulloch County faced a Negro boycott. Grant Parish registration lagged. Busing expanded in Miami-Dade and Raleigh districts. Gov George Wallace called for federal guidance on transport limits.
RALEIGH AP Three actors were fined and given suspended prison terms in Wake County District Court for marijuana possession. Carol Anne Young 23 of Massachusetts Alan Richard Smith of Canada and Nancy Alice Boyles of Canada were arrested at the Village Dinner Theatre May 27. Judge George Bason ordered Young and Smith to six months in prison suspended on payment of 200 dollars and court costs for fraudulent long distance telephone credit use and fined 300 dollars on the marijuana charge with Boyles receiving a similar disposition.
A California Supreme Court decision holds that funding public schools through local property taxes violates equal protection of the 14th Amendment. The ruling suggests wealthier areas can pay less per pupil yet spend more, prompting questions about impact on desegregation and funding equity nationwide.
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