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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 02, 1970
Page
2
The Dow rose to 748.94 at noon amid hopes Federal Reserve easing will stimulate buying. Analysts note advances across steels, motors, aircraft, chemicals, utilities, and other sectors as investors respond to President Nixon’s statements on monetary restraint reductions.
The text lists abbreviations and meanings for New York State dividend rates and related terms. It covers regular and special dividends, stock dividends, liquidating payments, and columns for declared or paid amounts across years, ex-dividend and ex-distribution dates, and other conditions including bankruptcies and foreign issues.
Forecast details rain and thundershowers ending tonight or early Tuesday for central and eastern North Carolina and cooler conditions Tuesday. North Carolina temperatures average below normal Tuesday to Saturday with coastal highs around 50 and mountain lows in the 20s. Virginia and South Carolina see mainly cooler, cloudier conditions with scattered rain and snow flurries in Virginia mountains, and precipitation totals from a quarter to over three quarters of an inch.
Mrs. Joseph Kopechne of Berkeley Heights New Jersey is in satisfactory condition after a car driven by her husband skidded off a road in the Pocono Mountains while swerving to avoid a deer. The Kopechnes were passengers in a car that overturned. state police say no other injuries were reported.
Noon stock market update shows mixed results with industrials and transportation sectors fluctuating. Utility and other sectors display varied gains and losses as traders assess midday prices and brief index shifts.
Charles B. Kearns named vice president merchandising and sales for Projections Products Inc in Newton. A High Point native, he joined in 1966 as sales manager and has been general manager since 1964. He holds a BS from NC State in furniture manufacturing and management.
Brenner Iron and Metal Co of Winston-Salem confirms plans to construct a large industrial installation in the Kernersville area. Spokesmen declined details but said a formal announcement would come in a few days after purchasing 802 acres on N C 66 for the development.
Amico Mario Dell Amico of High Point has been promoted to international banking officer at North Carolina National Bank in Charlotte. A Havana native, he is the son of Dominjo and Mrs Dell Amico of Miami and is married to Rachel Martinez of Miami. He graduated from Central Methodist High School Havana in 1959 Brevard Junior College in 1965 and High Point College in 1967.
Punxsutawney Phil, the weather forecasting groundhog, did not see his shadow this year signaling an early spring. The tradition holds that no shadow means the end of winter weather and an early warm period.
The Supreme Court dismissed Rep. Adam Clayton Powell's bid to recover $55,000 in lost congressional pay and the $25,000 fine paid to take his seat in the 91st Congress. The decision leaves unsettled the broader question of seniority and pay restitution after Powell's 1967 unseating. Powell has paid the fine monthly at $1,150.
A Raleigh man Victor Cole Mangum 22 is jailed without bond on charges of murdering fellow Raleigh resident James Vann De Loatch 26 after a quarrel. De Loatch died about 20 minutes after reaching Wake Memorial Hospital from a chest wound. Mangum surrendered to Wake County magistrate’s office and faces a District Court appearance on March 17.
The ceremony pairs Mrs. Sheets and Mrs. Hales as Leach officiates. The rings arrived by mail. Hales, from Cumberland, Maryland, serves in Vietnam teaching English to South Vietnamese soldiers. They plan a Hawaii honeymoon when his tour ends in about nine months.
Carswell, a judge on the 5th U S Court of Appeals, testified that a 1948 political speech pledging allegiance to white supremacy and segregation is abhorrent to him though it caused initial rejection. Senator Eastland signaled the hearings would wrap up, with a vote possible soon, while Senator Bayh floated a potential delay.
The president announces an anti inflationary budget prioritizing human resources over defense for the first time in two decades. Key items include 500 million for Family Assistance, 275 million to share federal revenues with states, 310 million for crime and pollution efforts, 330 million for parks and air and water programs, 764 million for food aid, and 468 million for transportation and urban mass transit initiatives.
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