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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 11, 1972
Page
2
The Dow Jones industrial average hovered around 916. At noon it stood 5 points lower, with declines outpacing advances on the NYSE by more than 2 to 1. Rails rose while steels showed mixed results as selling intensified after a recent three session rally.
At noon the New York Stock Exchange index readings show mixed results with slight declines and modest gains across sectors. Industrial shares edge up while utilities slip and transportation and finance show minor moves in afternoon trading.
In a nationally watched scene Nixon hosts a $100-a-plate audience of about 500. Mitchell defends the group for refusing to undermine the president or Hanoi talks. Muskie, campaigning in New Hampshire, warned the eight point plan likely won’t be accepted by North Vietnam. Lindsay and Yorty respond to peace moves and Nixon concessions, while Jackson calls for a stand to end all military aid to Vietnam.
Discounting bamboo the fastest growing tree is Eucalyptus saligna. In central Africa it has been measured at 45 feet over two years.
Dow Jones averages show mixed moves with declines in industrials and utilities while rails and bonds show slight changes. Data lists prices and percentage shifts across sectors and indices, reflecting a cautious session on the market floor.
Bethel Volunteer Fire Department received a $20,000 check from sculptress Anna Hyatt Huntington of Redding. She praised the volunteers after they used the Bethel ambulance to fetch her for routine tests when the Redding unit was tied up.
Labor leaders in Miami Beach warn compulsory arbitration could trigger industrial war and a government dominated economy. AFL CIO Maritime Trades says such a system would force concessions and curb negotiations, risking a controlled economy with government dictates on wages and productivity. They oppose the dock strike bill and Nixon’s broader transport strike limits.
The General Board of the National Council of Churches began its midwinter meeting in Charlotte with agenda items including the status of Jerusalem the church and the Southeast Asia war the church as a corporate investor and new evangelism initiatives.
The National Council of Churches convenes in North Carolina with 33 denominations for its longest policy meeting in 21 years. Topics include Middle East studies, consumer rights, church economic power, Indochina war moral responsibility, and Vietnam era veteran reintegration ahead of the December General Assembly in Dallas.
The report notes marijuana use among college students rising from 31 percent in 1970 to 44 percent in 1971. It highlights expanded research into cannabis derivatives, including a 1971 JAMA study where most subjects showed reduced interocular pressure, suggesting potential glaucoma treatment pending further study.
Baltimore AP report notes new Mayor William Donald Schaefer creating a task force to kill task forces he inherited. He says he does not know how many exist or their mandate but plans to eliminate unnecessary ones.
The T Wingate Andrews High School marching band was invited to the Olympic Marching Band Tour and Competition in Germany August 13 to 27. The band is one of ten nationwide chosen to represent the state in events linked to the Summer Olympics. Gary Garrison and J Y Bell spoke to the Travel and Promotion Committee of the North Carolina Board of Conservation and Development seeking endorsement.
Health care price lists would be made public under proposed Nixon administration legislation. The AMA opposes the plan as impractical and says fee posting will not curb rising costs, while the package also pushes state audits of insurer premiums and disclosure of claims percentages.
A road mine near the border killed two British soldiers in a jeep with the blast occurring Thursday night. In Belfast a gunman killed after a hospital stay, raising Northern Ireland's death toll to 243 with 37 this year. Bombs hit Belfast and Armagh, and British troops clashed with youths in Coalisland. no casualties were reported. UK Cabinet weighs peace talks while Premier Faulkner pressures for continued internment. The Catholic SDLP and Labour oppose talks until internment ends.
About 500 workers at a General Electric transformer plant in Hickory North Carolina walked off the job for a second day Local 182 of the International Union of Electrical Workers protested a request to reclassify a few punch press operators The change would raise pay by 16 cents to 3 24 per hour Union president Robert Thomas said more strikers were likely and negotiations may resume Company spokesman Murray Chism said about half the union members were absent but operations continued at the 1500 employee plant which supplies transformers for residential development.
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