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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 30, 1971
Page
2
Stocks edged lower in moderate trading as the Christmas to New Year rally stalled. The noon Dow fell 3.23 points to 890.43 whiledeclines led advances on the NYSE amid profit taking.
Quotations from the NASD reflect representative inter-dealer prices as of about 11 a.m. Prices vary through the day and do not include retail markup, markdown, or commissions.
The text lists footnote letters and descriptions for extra dividends or payments not designated as regular. It defines codes such as a for extra payments b for annual rate plus stock dividend c for liquidating dividend d for 1971 actions and includes many other letters with meanings like ex dividend ex rights and warrants and foreign issue tax notes.
Two Spartanburg County men were shot to death on a rural road including William H. Gault a former professional prize fighter and Spar tanburg newspaper mailing room superintendent. Douglas Chesney 27 also died. Carrol Allen Pruitt 35 was arrested on murder charges and held without bond. Gault once challenged Jimmy Caruthers in 1913.
The California Committee for McCarthy filed papers with the secretary of state to enter a Democratic delegation in the June primary. It marked the first such filing, as McCarthy announced in Boston on December 17 his bid for the nomination.
The Associated Press reports stock averages with mixed moves across rails utilities and leading indicators. Noon data shows declines in some indices while others hold steady, with yearly and monthly figures noted for context and comparison.
The report shows mixed movement in indices with Industrials around the 6.0 gauge and Transportation near 241.1 while Utilities register 116.4. Bonds rise to 73.90 while higher grade rails edge to 52.07 as market activity continues.
AP report from New York shows the Noon NYSE index quoting minor moves with a 12 cent change and a 56 26 reading, reflecting small market adjustments.
Lt Col John O Gorman commands a squadron of F4 Phantom bombers in Da Nang Vietnam. He defends the military path and notes morale shifts amid antiwar sentiment while recalling refugees and church ministries along the Bien Hoa highway. He argues sustained air pressure from the North is needed for freedom and victory.
Britain planned to pull its forces from Malta after Prime Minister Mintoff rejected a 46.8 million dollar annual price for bases. Britain ordered 3,500 service members and 7,000 dependents to prepare to depart by March 31, with a no confidence vote in Malta's government looming as Mintoff seeks Russian and Eastern bloc ties.
Washington AP The Agriculture Department and General Accounting Office say new rules cap federal payments at 55000 per farmer and require all farm partnership members to be actively engaged in farming. The changes tighten ownership rules for corporate farms and aim to close loopholes used to inflate subsidies. Investigations into alleged abuses of the subsidy program are underway.
The Nixon Peking visit advance group headed by Ronald L. Ziegler and Brig. Gen. Alexander Haig Jr. stopped in Honolulu for a two day layover before visiting Shanghai Peking Hangzhou. Maj. John Schutes of Elkhart Indiana and representatives from three major TV networks traveled with the party. The group plans to return January 9.
Belfast AP report says the home of the Northern Ireland parliament speaker was destroyed by an explosion and fire while Major Ivan Neill and his family were away. The IRA is investigated as a possible culprit amid a month of political attacks.
Champagne and caviar demand rises as 1971 ends with luxury purchases. Imports stay strong though prices rise for caviar due to tight Caspian stocks and supply issues, while domestic champagne remains plentiful but prices drift up after holidays. Dealers report brisk Dallas sales and stockpiling by some buyers.
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