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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 07, 1970
Page
2
At noon the Dow Jones average rose 0.8 to 816.95 while the AP average fell 0.3. Advances outnumbered declines on the NYSE as analysts described a normal profit-taking pause after a sharp weekly rise. General investor buoyancy helped absorb the selling pressure.
Steels and mail order retail rose while metals and oils fell. All other stock categories were mixed. Amex listings included Bras can Ltd up to 16, Rolls Royce down to 15 16, Pami da up to 41, Amco Indus tries down to 7, and Avco warrants up to 3.
Secretary of State Rogers says the United States may pursue a month long Vietnam truce over holidays to push toward a permanent standstill. Senator Jackson backs extending Christmas cease fire through Tet to let Paris negotiators press for real compliance.
The Associated Press stock averages summary presents various industry indices and share figures, listing daily and prior values. It includes rail and utilities stocks alongside broad market indicators with fluctuating numbers and percentage changes.
The report lists the Dow Jones averages across major groups with varied figures. Industrials, utilities, and other sectors show modest changes, reflecting a mixed day for the stock market with several indices moving slightly up or down.
Lowe's Companies Inc board approves a 10 cent hike in cash dividend from 5 to 15 cents per share quarterly. The new rate yields 22 cents annual cash dividend. Record date is January 15, marking Lowe's 39th consecutive quarterly dividend.
The Greensboro chapter of the American Institute of Industrial Engineers holds its December meeting on Thursday December 10 at the Top of the Mart starting at 6 p m It will be ladies night and feature a tour of the Hatteras Yacht Co in High Point potential members welcome.
Indian Head Inc. declares a quarterly cash dividend of 20 cents a share on common stock payable January 4 1971 to holders of record December 11 1970. Dividends of 1.125 on Series A 4.50 convertible preferred and 1.50 on Series B preferred payable January 1 1971 to holders of record December 11 1970.
Industrial, residential and public utilities face gas shortages as Peoples Gas Light and Coke Co. and Consumers Power struggle to meet demand amid new air pollution laws. Utilities explore new sources while coal stockpiles shrink and prices rise, risking service during a cold winter.
Police seek a caller who warned the Humble Oil complex would burn as a blast and 1500 acre fire raged. An FBI voice analysis was planned while Mayor Gregorio and officials cited sabotage and possible aircraft involvement. Injuries numbered 29 with millions in damage.
Prosecution in the My Lai trial presents witness Charles Sledge on Lt. William Calley and Sgt. David Mitchell. They allegedly ordered and carried out shootings including a white-robed monk and a child in two groups of Vietnamese civilians, with a helicopter scene and forceful pushing into a ditch.
Practical advice for conserving energy at home. Recommends maintaining indoor comfort with 68 to 75 degrees, closing drapes at night, opening them in day, turning off unused lights, and using small appliances off-peak hours. Encourages repairing leaks and checking radiators to prevent heat loss.
AP reports the UAW dropped the midnight strike deadline with Ford Motor Co as talks continue toward a new contract for 166,000 workers. Ford Council and the Ford bargaining committee met after the decision, with much paperwork completed but a key issue delaying final settlement.
An advertising note promotes FIXODENT as a plastic cream that secures both upper and lower dentures, improving bite, chewing, speech and comfort. It highlights a pencil point dispenser, U.S. patent 5003,988, and urges regular dental checkups while directing readers to drug counters.
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