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High Point Enterprise in High Point, North Carolina

16 Dec 1970

Page 2

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Dec 16, 1970

Page

2

Market Dips On Profit Taking Third Day Of Week

The Dow Jones average fell 4.72 to 814.90 at noon as profit taking and year end tax selling weighed on the market. IBM reports expanded magnetic tape data storage, Polaroid and Xerox declined, Chrysler slid, Ford rose, and GM gained 4 percent amid broad sector weakness.

MENTIONED IN THIS ARTICLE

New York New York Stock Exchange Telex IBM Polaroid Xerox Motors Chrysler Ford General Motors Associated Press California Viewlex Alamera Oil Drew National Venice Industries Milgo Electronic Rolls-Royce Career Academies Kenton Corp CessnaAir Se Mead Corp Ches Onio Es - Merck Chris Ct MGM Cnrystr Ava Microdot Clark MobilOi Sae Bae Ea Monsant Collin R Coleg Pal Montdutt MorNor Mieus Motorola Comwe Comsat Nat Bisc Aerojet Cont Air Asamera Oil Atlas Co Brascankt Cooperin Nat Indust Corgiw Cinerama Cowles Com Nat Steel Cox Natomas Dillard Se Dixiltyn Corp Nengel Crwnzell Newmat Niag MP Ferman Otila NoStaPw Northrop Nwst Corphi Deere Co Norton Delta Air NortSim Newldria Mn NewPark Disney Ormand Scurry Rain OhioEdis Statham Ins Okla GE Syntex Okia Ngs Technico Jive Olin Corp Wa Nuclear Duke Pw Omarkin duPont Se Otis Elev Owen Cng Owen Echiin Eg&g PacPetrl PacPal Pilus Emer Essexiat PanAm WaAir Ethyl Co Panh EP Penn Cent PaPwLt Fair Hill P— Fansteel Inc PepsiCo Pfizer FedDeptstr Phelps D Ing Phila el Phil Morr Phill Pet Lintkote Pitneys Fordm FreeptSu Publicind Pueblo Va — M Pags PL Pullman GAC Cox GAF Corp Annett Raytheon Vel Ranco Inc Rdig Bate GnTelEl Vel Reich Gen Tire RepubSt Fe Admiral Genesco Revion ReUweer Gerber ReynMet Arizona la AlcanAlu Global Marin Roy Dutch Alleg Pw Allied Ch Ryder Sy Alcoa Sn Greanchy Safeway AMBAC Am Hess A&p Greyhound Schenley Acrysug Schering Scott Paper Volum Gulton Sears Harris Int Shell Oil Stern Wm Hercule Signal Co Singer Co At&t HoernWal VelSmith T&t Ene Sony Co AMF Inc AMP Inc HollySug Soucale Ampex Corp Homestie A South Co Anacon Honywil Idaho StBrands Kollsman Atlas Chem Rand StOilind Ma Atlas Corp Aioe Stevens StudWor Babckw Swift Co Beckman Aviv Systron Donn Beech Air I Itek Corp Vanod Bell How Tampa el Bendix Me Tektronix VW Borden Joy Mfg Val Tex G Sul BorgWar Texasinst Textron Brit Pet Kayser Ro Todd Sh A Bulovaw Kenncott Trans W Air Bunkr Ramo Transmra Burl Ind Va KirmbClk Ve Transitron TriCon Burrghs Kraftico TRW Inc la Kresge Twent Cent Cadence Ind Kroger Cal Finani CampRlk LearSieg Ae Ual Inc Camp Sp Lehpcem UMC Ind UN Carbide Va Loew Thea Unit C Va On 'Lvo Corp
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McGovern cites presidency as chance to act on frustation

McGovern argues he can force sharper issues and defeat Nixon in a presidential run. He says his Senate years show his ability to forecast Southeast Asia and domestic policy better than rivals, with Vietnam as the defining issue. He notes past fundraising success and confidence in raising campaign money.

MENTIONED IN THIS ARTICLE

McGovern Nixon Southeast Asia U.S Senate I Capitol
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Garrison Named VP and General Manager of Kahn and Feldman Inc

M Clyde Garrison Jr son of Clyde M Garrison and Patricia Ruth Johnson has been elected vice president and general manager of Kahn and Feldman Inc He previously worked at Monsanto in Pensacola and New York and later served as general manager of Jefferson Mills in Pulaski Va a division of Kahn and Feldman The Garrisons reside in Pulaski and are active in local church YMCA and Rotary Club

MENTIONED IN THIS ARTICLE

Clyde Garrison Jr Clyde M. Garrison Rotary Imenager Kahn and Feldman, Inc Garrison High Point North Carolina State Monsanto Pensacola Fla New York Jefferson Mills Pulaski Jefferson Kahn and Feldman Williamston Patricia Ruth Johnson Charles R. Johnson Centennial Ave Garrisons First Presbyterian Church YMCA Rotary Club Gerald N. Frank
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Cities Face Higher Taxes and Cuts as Budgets Shrink

An AP survey shows Cleveland may close its police academy while Los Angeles New York and Detroit cut city jobs and Philadelphia trims services. Increased veterans benefits and salaries push budgets higher. federal aid becomes essential to sustain services amid tax hikes and layoffs.

MENTIONED IN THIS ARTICLE

Washington Cleveland Los Angeles New York Detroit Philadelphia Associated Press Ting Philip Dearborn Carl B. Stokes
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Employment Meaning Is Elusive

Washington experts discuss the term full employment as an economic objective for mid 1972. Officials say 4 percent unemployment could be a midpoint, with up to 4.5 percent possible and early 1971 seen with rates above 6 percent before improvement.

MENTIONED IN THIS ARTICLE

Washington Nixon Paul W. McCracken Council of Economic Advisers
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Republican Governors Fail to Unite After Losses

GOP governors, after an 11 state defeat, struggled to form a unified plan for the party. They discussed a meeting at Winrock Ranch with no date set, while endorsing Ron Reagan as a dissenting voice and planning a Williamsburg gathering in April.

MENTIONED IN THIS ARTICLE

Sun Valley Winthrop Rockefeller Arkansas Winrock Ranch Rockefeller Nixon Ste Ron Ragan The Governors Association Williamsburg
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Bomb Threat Evacuates Raleigh Bank Building

About 300 people were evacuated from the 11 story Wachovia Bank and Trust Co building in downtown Raleigh after a bomb threat. Police conducted a 45 minute search finding nothing unusual while the caller warned of a bomb in a red box in the basement.

MENTIONED IN THIS ARTICLE

Raleigh Wachovia Bank and Trust Co
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Senators Block Cambodian Aid Over Policy Fears

Senate doves stalled a $550 million foreign aid measure for Cambodia arguing the Nixon plan serves as a political tool. The House Senate defense bill meanwhile restricts U.S. troops in Cambodia but includes a clause Mansfield says could permit future withdrawal or disengagement actions.

MENTIONED IN THIS ARTICLE

Washington Senate Cambodia Mike Mansfield House Senate U.S Mansfield House Southeast Asia
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Terrorist Grenade Kills Three At Viet Soda Stand

In Saigon a hand grenade at a soda stand near a U S Navy billet killed at least three Vietnamese and wounded about 30 people. Investigators suspect a Viet Cong attacker who escaped. The blast damaged vehicles and left glass strewn around. A second explosion the prior night wounded two Americans and two Vietnamese. Local tensions rose as Viet Cong attacks were forecast during historic holidays.

MENTIONED IN THIS ARTICLE

Saigon U.S. 3Rd Field Hospital U.S Big Bien Hoa
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Davis sought in fatal assault and flight case

Police pursue Davis and Miss Smith after a dark green 1968 Pontiac LeMans is linked to the slaying of Miss Doty found near an interstate. An autopsy cites suffocation as the cause. Davis faces armed robbery and unlawful flight charges as investigators fear for the companion’s safety.

MENTIONED IN THIS ARTICLE

Davis Miss Smith Miss Doty State Board of Pardon and Paroles Cott County C. J. Strickland Atlanta Police Department FBI Atlanta Larry Davis Symmna Rockdale
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Also Mentioned on This Page

Stock Market Report Carole Martin Wachova Ed WarLam Au — Mewashwp Wstn Air Lin Na Wa Bane WaUnion Westy Weyerhs Lila Lds Whittaker Winn Dx Zale Corp Zenith NEW York Exchange A.P. Stock Wah Indus Tee Ieee American -Exchange NEW York Stock Index Ineenet Las Can Tee Boston Richard Wall Chicago G. Edward Bedore Walter R. Greene Greene Agnew Viet Soda Hanoi National Front For the Liberation South Vietnam Viet Cong
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