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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 28, 1970
Page
2
The Dow Jones industrial average rose to 829.96 at noon, extending Thursday’s gains and signaling potential move toward 840 to 860. The 60 stock AP average also climbed to 283.3 whileIndustrials and utilities advanced, tobacco, mail order retail, and airlines posting gains.
The record lists terms used in bond and stock handling including in arrears new issue paid this year dividend omitted or deferred or no action at last dividend meeting declared or paid in 1970 plus stock dividend. paid in stock during 1970 with estimated cash value on ex-dividend. ex-dividend and sales in full. ex rights. with warrants. without warrants. when distributed. when issued. net day allotment. in bankruptcy or receivership. foreign issue subject to interest equalization tax.
Reports say the Soviet government plans to try nine additional Jews related to the Leningrad hijacking case. Next trial is slated to begin Jan. 6 in Leningrad with others facing trials in Riga and Kishinev. The first group received death and labor camp terms. world outcry followed the sentences.
Longtime South Carolina congressman Rep Rivers McNamara championed civilian oversight of the armed forces, praised defense contractors at times, and boasted a record of securing military pay raises and laws aiding servicemen. Born 1905, he built a district stronghold through 15 terms, rising early each day and keeping a tough, industrious image.
The AP reports stock indices showing mixed movement with trading at noon. The Industrial and Utility sectors show notable activity as the market tracks fluctuations on the New York exchange.
James H. Roberts assistant cashier of Wachovia Bank and Trust Company was named assistant manager of Time Payment in High Point today succeeding C. Kenneth Ingram who moves to Salisbury as head of Time Payment there. Roberts has long banking tenure and local ties.
The IRS orders a nationwide crackdown on medical expense deductions citing suspected fraud. Auditors will require proof beyond canceled checks and doctor receipts and will probe how much was paid by insurance or union programs.
In Burgos Spain a five man military court nears verdicts for 16 Basque nationalists. Prosecution seeks death for six and long prison terms for all on charges from banditry to illegal propaganda. The cases involve two Catholic priests and three women. General Franco could commute any death sentences.
London police seek Scots Guardsman tied to 15 year old Janet Stevens slaying labeled the Red Riding Hood murder. Two other Christmas weekend deaths, Margaret Lynch 21 in Liverpool and Margaret Connolly 23 on a Yorkshire moor, remain unsolved as detectives press for tips while interviewing 100 service members near Purbright.
A Panamanian freighter sinks 270 miles southwest of Bermuda as Coast Guard planes hunt for 31 crew members aboard the stricken Chryssie. The Geneva reported a 644-foot tanker with only its bow visible and an overturned lifeboat, while a C130 was due to reach the area before noon.
About $1,500 has been raised for a reward to aid in the arrest and conviction of a hit-and-run driver who killed 16 year old Rebekah Lee Matthews in Cary North Carolina last Wednesday night. Contributions include $200 from Carolina Power and Light Co. The girl and her sister were walking near the Matthews home when struck.
Doctors report tests showing Anacin provides same complete relief for nervous tension headaches as leading prescription products. The nonprescription tablet is not narcotic and is gentle on the stomach, offering fast action and economy.
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