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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 21, 1970
Page
2
The Dow Jones average rose 6.89 to 823.60 as the broader market showed mixed early gains. Airlines fell while electronics rose and investors eyed Fannie Mae earnings and Sears Roebuck poised for strong fourth quarter results.
The American Stock Exchange noon prices list multiple securities with high, low and last trade figures. Notes explain dividends, stock splits, and special conditions, including the 1970 period and various designation symbols.
British and American leaders clashed over air force control while Portal defended independence of RAF from US direction. The Combined Chiefs of Staff governed wartime Western Allied operations until 1947, with 89 CCS volumes and about 100000 documents released to date, many still withheld for security.
Dr. Griffin president of Signet Co announces James J. Tedder as sales manager. Tedder, a Greensboro native and NC State graduate in engineering operations and furniture manufacturing, has four years of technical sales with Sherwin Williams and Magnolia Plastics. He will head all sales functions and resides in High Point with wife June Anderson of Heritage Furniture Co.
The board of directors of Hanes Corporation of Winston Salem has declared a regular quarterly dividend of 12 cents per share on common stock outstanding. The dividend will be payable March 10, 1971 to shareholders of record February 19, 1971.
The U S Comptroller of the Currency approves a merger between North Carolina National Bank and the Bank of Washington in Beaufort County. The merger becomes effective on January 29.
Poland's Communist Party appoints Edward Gierek as new leader after upheaval. Warsaw Radio reports aim to improve living costs for low wage families while riots subside. Troops remain in Szczecin and Gdansk with curfews. damage in Gdansk estimated at 3.5 million dollars.
In a dissent Potter Stewart argued Congress lacks constitutional authority to set the voting age or alter election qualifications. He stressed judges must assess if the legislation falls within Congress's power. Burger and Blackmun joined Stewart's opinion.
An AP survey shows states urging a moratorium on utility advertising to win new customers due to fuel and power shortages. Oregon warns against imprudent claims while some firms cut back, others push sales. Michigan splits, with Consumers Power cutting nearly $1 million in ads and Michigan Consolidated Gas promoting gas advantages. Illinois limits new commercial and industrial service, ensuring residential reliability.
Government data show a four person city family needs 18 percent more to maintain 1967 living standards. Spring 1970 costs place a low living budget at 6960 dollars and an intermediate budget at 10664 dollars, with taxes and Social Security driving much of the rise. Small cities and the South remain cheapest, while broader economic policy debates continue. Nobel laureate Paul Samuelson says Nixon steps curb inflation but more may be needed and advocates arbitration of labor disputes affecting the public.
Leaders pushing to free American prisoners in North Vietnam increasingly back a troop withdrawal timetable in exchange for prisoner release. The idea gains Senate interest and signals a shift in support from the National League of Families toward testing a timetable with negotiations in Paris.
The Senate remains locked in debate on the supersonic transport SST as Christmas nears.A pivotal vote failed 48-42 and a new bid Tuesday faces long odds for a two thirds majority.
In Waynesboro AP A strike that began Oct 1 by about 80 workers at Stillwater Worsted Mills plants in Goshen and Augusta Springs ends as the company and Textile Workers Union of America sign a new contract. The pact reportedly includes a pension plan though details were not disclosed.
FADER has earned one of the high est honors awarded annually in the life insurance field. National Sales Achievement Award recognizing outstanding achievement in life underwriting and excellence in service to policy owners. Our congratulations to a top Southwestern Life Agent.
R Ben Sutton provides contact point at P O Box 687 311 Wright Building High Point North Carolina 27261 with listed phones.
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