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High Point Enterprise in High Point, North Carolina

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Dec 02, 1970

Page

2

Market Dips at Open Then Rebounds as Dow Near Yearly High

Stock prices opened lower amid profit taking with widely cited names like Rheingold Ford Bethlehem Steel Occidental Petroleum Litton Mobil and others showing mixed moves. The Dow Jones average rose 0.20 to 794.29 at the close after paring early gains, with volume at about 20.17 million on the NYSE and a small advance in the American Exchange index.

New York Rheingold Ford Motor Bethlehem Steel Occidental Petroleum Litton Industries Mobil Oil Dow New York Stock Exchange American Stock Exchange

New York Stock Exchange Opening Prices Reported

The New York Exchange released selected morning prices with quotes spanning key indices and major listed securities. Investors tracked early movements across blue chips and notable equities as trading commenced.

NEW York New York Stock Exchange

Spoiled Ballot May Tie Vote In North Carolina Race

A spoiled ballot in Columbus Brunswick County state house race could yield a rare tie if valid. A recount in South Lee precinct showed Arthur Williamson with 19 votes to Thomas Harrelson’s eight, altering the pre canvass result by two.

Raleigh North Carolina Williamson South Lee Harrelson State Board Columbus County State Elections Board I the White Elections Board General Assembly

J C Penney Q3 nets rise on 1970 gains in earnings

J C Penney reported a 1 cent quarterly net income increase to 60 cents per share as the 13 weeks ended Oct 31 yielded 31.19 million dollars. Sales rose 9.4 percent to 1.031 billion dollars, while nine month earnings fell 5.8 percent to 63.65 million and sales climbed 10 percent to 2.753 billion.

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Seminar on Advertising Agency Management in New Orleans

Dick Behrends executive vice president of Bennett Advertising Inc participates in a seminar on managing advertising agencies in New Orleans today and Thursday. The American Association of Advertising Agencies sponsors the event.

Dick Behrends Bennett Advertising, Inc New Orleans American Association of Advertising Agencies

Nixon imposes $107 Million Freeze on Waterworks Projects

President Nixon orders a temporary hold on initial construction funds for 56 waterworks projects across the nation. The halt affects about $70 million for Army Corps of Engineers projects, $30 million for Bureau of Reclamation power and irrigation, and $7.4 million for TVA projects while he reviews future spending.

Washington Nixon Congress Arizona Office of Management and Budget Budget Office Army Corps of Engineer Bureau of Reclamation Tennessee Valley Authority

North Forsyth High suspends over two hundred students

More than 200 Negro students at North Forsyth High School in Winston-Salem were suspended after a confrontation with Principal Julian Gibson. Some readmitted, others sent home, buses briefly seized, as groups met to urge talks on grievances while maintenance crews retrieved buses.

Winston-Salem North Forsyth High School Julian Gibson Gibson

Tractor Executives Travel to Spain for Torremolinos Meeting

Tom Glass and Gilbert R. Davis of Tractor Equipment Co. of Asheboro depart Monday for Torremolinos Spain. They tour with Massey Ferguson delegates and discuss upcoming collaborations.

Tom Glass Gilbert R. Davis Later Tractor & Equipment Co Asheboro Torremolinos Spain Massey-Ferguson

Warsaw Pact Leaders Meet in East Berlin Solidarity Summit

In East Berlin, Soviet leader Brezhnev and Kosygin with Poland Czechoslovakia Romania Bulgaria and Hungary faced damp weather as they met with Ulbricht to back East Germany's sovereignty. The talks aim to urge recognition of East Germany and push for an all European security conference before key NATO and Berlin events. Border guards slowed traffic to West Berlin in protest against CDU meetings, amid Brandt's treaty ratifications with the USSR and Poland.

Berlin East Berlin Walter Ulbricht Leonid I. Brezhnev Allexei N. Kosygin Poland Czechoslovakia Romania Bulgaria Hungary Ulbricht East Germany Europe Brussels Willy Brandt Warsaw West Berlin West Germany Christian Democratic Party Brandt Soviet Union

Pentagon defends Vietnam air strikes amid credibility concerns

Defense officials faced questions over U S bombing of targets near Hanoi and a POW camp in the Vietnam War as Laird cited limited disclosure. The Pentagon confirmed some air strikes after President Nixon disclosed them at a Thanksgiving event, leaving lawmakers unsatisfied with timing and candor.

U.S North Vietnam Laos Saigon Hanoi Washington Nixon United States Laird Pentagon

Warrenton High School Walkout Triggers Trooper Standby

In Warrenton North Carolina highway patrolmen stood by as John Graham High School reopened after 75 to 100 black students walked out Tuesday. The crowd gathered in the auditorium where the stage curtain was set on fire and minor damage occurred.

Warrenton N. C John Graham J. E. Rooker W. A. Miles Bob Scott North Carolina

Also Mentioned on This Page

Stock Market Report NEW York Exchange Tizzy By Kate Osann Penney Report Forsyth Matic Cambodia South Vietnam Defense Department Red E. Berlin House OF Prayer For Atlanta High Point Memphis Asheville Miami Sun Coast Union Bus Terminal Lindsay St. High Point N.C
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