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02 Feb 1971

Page 1

High Point Enterprise in High Point, North Carolina

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High Point Enterprise February 2, 1971 Page 1 old newspaper archives

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Feb 02, 1971

Page

1

Stock Market Dips Amid Heavy Trading On Wall Street

Profit taking depressed the market as the Dow Jones Industrial Average fell 3.22 to 874.59 at noon. Volume surged with 10.52 million shares traded by 10 to noon versus 8.8 million Monday. Core declines included General Electric, Dow down 1.34 at 103. IBM slipped 0.34 to 326.44, Polaroid off 1 to 87, Xerox down 1 at 97.

MENTIONED IN THIS ARTICLE

NEW York New York Stock Exchange General Electric IBM Polaroid Xerox Mansa Comsats Elsc Central Data 204 AG Mat Indust Cinerama Certron Cox Nat Nat Steel Dixilyn Corpa Norfolk Dan Blyer Norris Ind Noam Prid NadenRk Nortan Dilton Co Nort Sing Disney Duke Pw Omar Ln duPosit AsSociat Ed Press Owen Dynam Easkadak Echlig T&t EltraCp Essextat Rath Ethyl Co Penn Cent Evans Pra Oy Ae — Pann Dixie Penney JC Fatech Cam Fanstrat Inc PMC BraetGin Salty Kon Ford Divi- CarMcks Psueg Lhd She Sutton Buchia JSS GAF Corp Bankruptcy Exchange Salus Gom Questor Gan Mills Adem Panca Ing Genmat S. E Va Raytheon Btn Bay Ad Mills Gntieet RCA Gen Tire Ib Onading Ai Va Admiral Genesco Maleae Bale AsinaLte Gerber Ada Republis Akzana Ta Getty Vleavlan Alcan Alumay Gillette It 'Atve Reyn Ind Ollen Cp Glen Alden AB BeynMeal Ie — Alleglud Roy Ccota AlliedSir Om Ryder Alcon AMBAC Am Héss Gt West Fiat Safeway Stweuinit Gen Grant Dil Greyhound StRegis P Gult Sereniey Wal Va By Am Hosp SCM Corp Wi Halliburt SCOA Motors Harris Ye Scott Paper Sears Illinois Har- Am Proto Hercules Swank Val Sears Shellil Fe Colonial At&t RoarnWal Walsnall Trive Pittsburgh Welfare HatlvSug Iwata SinnerCo Ampex Corp Bay Smith Hardee Hongwil Koy Sa Car &G Supreme Court South Armco Stlarus Misty Howmet N.C.N.B. Corp N.C. Nat Ashldoft SouthrnAy N.C Ruddick Altas Corp Bae Rand Aveo Corp Avnet Inc Inland Kolisman Ae AG Stauf Wellington Hall rriOrug Beckman Slovensh Beech StudWar Son Shin Bell How Ak John Man Athalis Boeing Co Tan Va SolsCas Dave donLoa Tektronix Borden Woones Lau Teledyne Gaf Ava Antares BorgWar Joslens Talon Ca Bri Pet Texaco Orbiting Command Budd Co Wwiu Valtovasinst Bulowan Transmra Krogar TRW Inc Caro CartWal CastleCk Cencg Ins Mission Control Centawst Engi- Cerro Citronind Union Pac Cn Neers Cerl Lockheed Air Cesana Loews Corp Uniroyal LonesGa Chimil Spp Chris Cratta VO Corp Als BY & —M Us US Steel Macy Ae Marath Varian Assoc Morcar Whittaker Xerox Cp .Ag Zale Corp Zante Rho Acctuated Press
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New York Over-The-Counter Bid Asked

An over the counter market update reports a bid asked spread for key securities in New York trading. Market participants monitor implied liquidity and price movement amid evolving demand.

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Welfare costs and state finances strain local governments

The federal government pays just over half the nation’s welfare bill for programs aiding needy children, the blind, the disabled, and the elderly. States and cities say limited resources push many toward bankruptcy, with Virginia Governor Linwood Holton citing doubling welfare rolls and lagging economy as causes. AFDC rolls reached about one million, and residency rules aim to curb in-migration. Local officials note reduced stigma and ongoing dependence as welfare rolls rise nationwide.

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Welfare costs rise as states trim aid amid fraud drives

A chaotic mix of federal limits and state actions shapes welfare costs. Massachusetts reorganizes its welfare department to curb abuses. Wisconsin bars many 21 and under from AFDC, while San Francisco cuts costs through program testing. Nevada reduces recipients by 22 percent amid anti fraud drives.

MENTIONED IN THIS ARTICLE

Douglas County Neb Michael T. Healey Waah Ington Massachusetts Welfare’department Steven’ A. Minter Calla San Francisco
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North Carolina Lawmaker Touts Environmental Bills

RALEIGH AP. Lawmaker Bryan Jr. D Cumberland filed three bills in the North Carolina House addressing detergents petroleum and new industry. He says more measures will follow before the 1971 session adjourns. The detergent bill targets phosphate nitrate nutrients to eliminate them from detergents as feasible and the petroleum bill would activate a 1949 act by the Department of Conservation and Development.

MENTIONED IN THIS ARTICLE

Raleigh Bryan North Carolina Norwood Ki Bryan Jr Cumberland Department of Conservation and Development
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Tax Funds Legislation Advances In North Carolina

AP reports forthcoming legislation to distribute 6.6 million dollars to 25 counties from local sales tax funds. The move aims to address race disputes and set up elections if the General Assembly deadlocks. Bills also seek special elections and sheriff process service changes.

MENTIONED IN THIS ARTICLE

Jralwigh North Tom Harrelson Carolina Reve- Brunswick Coftlad Attaw
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Convicted Murderess Brought Up Normally Declares Parents

Patricia Krenwinkel's mother and father testified in Los Angeles during the penalty phase of Charles Manson's followers murder trial. They described Krenwinkel as an exceedingly normal child with a gentle nature and a habit of burying a dead canary. They urged mercy, while Krenwinkel protested from the defense table. The trial, involving all four women, seeks life imprisonment rather than execution for Krenwinkel and others in the 1969 killings. A separate Oregon case tied to Susan Atkins saw police note Atkins carried a gun during arrest and later convict ed for receiving stolen property and concealing a weapon.

MENTIONED IN THIS ARTICLE

Patricia Krenwinkel Sharon Is Los Angeles Miss Krenwinkel Joseph Krenwinkel Charles ‘Manson Miss. Krenwinkel Krenwinkels Patricia Oregon Susan Atkins Miss Atkins
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Learys Mind Blown By LSD Says Black Panther Leader

Berkeley AP report notes Eldridge Cleaver stating Leary and his wife Rosemary were in exile in Algeria after fleeing the United States. Cleaver says the Panthers have distanced themselves from the psychedelic movement as Leary’s mind has been blown by acid and his arrest risk rose. Tape cites revolutionary arrest and Panther protection at a villa.

MENTIONED IN THIS ARTICLE

Leary Berkeley Calif Hidridge Cleaver Timo Parisien’ Venndatinn Kpfa-Im Cleaver California Algeria Rosemary Panther Che Guevara
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Gambrell Sworn In As Georgia's New Senator

David H. Gambrell, 41, an Atlanta attorney and Georgia Democratic chairman, is sworn in to fill the unexpired term of the late Sen. Richard B. Russell. He was appointed by Gov. Carter and flew to Washington for the oath, saying his views on race may differ from Russell's and calling himself a pragmatist. He discussed U.S. force reductions in Southeast Asia and the impact on other issues, noting he does not claim a complete solution.

MENTIONED IN THIS ARTICLE

Ieee Pyenyy Wej Arthur’ Williamson Columbus County Con Tial Tar Heel Industries Ecology Senate Iyear J . Quinn Thomas Strickland D-Wayne Attorney General's Office State Supreme Court Atlanta David H. Gambrell Richard B. Russell Georgia Gambrell Georgia Democratic Party Jimmy Carter Washington Harvard Law School Russell Dean U.S Southeast Asia
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Jury Gets Murder Case In Goldsboro Shooting

In Goldsboro North Carolina an Alltel driver J P Bunn 44 faces wounding charges after a shooting at a church and a filling station. Prosecutors say he killed a man and shot Mrs Mabel Louise Smith 93 while she prayed in church. Witnesses say Bunn and Mrs Smith were having an affair and he claimed emotional disturbance but knew right from wrong. A psychiatrist testified pills he took that day did not affect him. The case hinges on motives surrounding a lover’s rendezvous and responses to the shootings.

MENTIONED IN THIS ARTICLE

Jesus Dawantate Indulis Riitenis Goldsboro J. P. Bunn Bunn Mabel ‘ Louise, Smith Vera Smith Tommy Vernon Stavane
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Also Mentioned on This Page

Stock Market Report Carole Martin SSS Ag A Hwkut Allel Clivij Linwood Halton Virginia James A. McDivitt Apollo AFDC National Welfare Rights Organization Ne Mara Nannie Staning Tin Fae Ohio Asociated Ind Indus McDivitt Mission Central Tf v Sanithie Lesperation Shepard Mtshe New York Tell Handtalla Inet Indestrial Fingnco Seneeear Wisconsin Atill Ron Dwight Quinn D-Cabarrus House Finance Committee John Bumay New Hanover Exchange Dow-Jones Sreeheboro High Point Cresapeere Resti Coonamicel
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