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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 15, 1971
Page
2
Stocks show mixed action in a steady consolidation phase as the Dow Jones industrial average gains 3.21 to 858.35 at noon while the 60 stock AP index dips 0.6 to 311.7. Glamour, chemicals, and electronics rise. mail order retail and aircrafts fall. profit taking persists.
United States signals to Moscow that Nixon may reconsider his late May visit if the India Pakistan conflict persists. Kissingerbriefed pool reporters in Azores while Ziegler condemned Soviet vetoes at the UN. The White House seeks to limit the war, with the Moscow trip framed as part of a broader U.S.-Soviet relationship.
The New York AP bulletin shows noon figures for various sectors. Industrial and transportation readings are listed with small gains, utilities and finance indices noted with modest changes.
Congress moves to adjourn as it approves a bill extending Nixon’s economic powers through April 30 1973. The measure frees wage increases once frozen and funds Defense District of Columbia and foreign aid while a $71 billion defense package awaits final House action amid quorum issues.
A 7.8 magnitude quake occurred off Kamchatka Peninsula late Tuesday, center ~1,700 miles west of Anchorage. Seismic sea wave watches were issued for Alaska and Japan but later lifted as no Pacific tsunami materialized. Washington and Japan agencies placed the epicenter near Kamchatka while noting no connection to a prior Amchitka blast. The event occurred in a highly seismic region with tsunami risk described as on the borderline.
Indian units advanced within artillery range of Dacca as Pakistanis fortified the capital’s west bank. East Pakistan governor A M Malik and ministers evacuated with families to Red Cross shelter, while Front-line reporters described Pakistani rear guards under fire and guerrillas operating along the Demra to Dacca corridor. Red Cross reports warned of food shortages as 1.5 million residents fled.
Britain and France pursue a UN Security Council resolution on the India Pakistan war. They abstained on prior votes and seek a mild but open text combining a cease fire with a political settlement in East Pakistan to win unanimous support. Poland proposed power transfer to elected representatives led by Mujibur Rahman and a 72 hour cease fire.
Ford Motor Co. started sending about one million excise tax refund checks after Nixon signed repeal, averaging $200 per car. About 200,000 checks went out Monday with up to 50,000 more mailed daily to Ford buyers of cars and light trucks from Aug 14 to Dec 10. GM Chrysler and American Motors are requesting refund applications before issuing checks.
A judge dismissed a manslaughter charge against Huey Newton of the Black Panther Party in Oakland California. District Attorney Lowell Jensen said the case could not proceed to a fourth trial due to lack of new evidence and the high likelihood of another hung jury. Judge William J. Hayes signed the dismissal with option to refile if new evidence emerges.
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