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High Point Enterprise in High Point, North Carolina

14 Feb 1973

Page 2

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Feb 14, 1973

Page

2

Dow Off 12 Points As Investors Reconsider Dollar Devaluation

Stock prices declined as traders reassessed plans to devalue the dollar with the noon Dow Jones average dropping 12.26 to 984.50. The New York Stock Exchange showed a wide 967 to 312 gap between losers and gainers as inflation worries resurfaced and analysts noted a nervous market amid foreign trade concerns. Pan American World Airways led active issues, advancing to 9 4/ in a session marked by overall volatility and ongoing dividend footnotes.

MENTIONED IN THIS ARTICLE

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Perkin’s Homecoming: Returned POW Reunites With Wife at Maxwell

Major Perkins, shot down in 1966, arrived at Maxwell Air Force Base after a long deployment. He requested his wife stay in the car during his public greeting, then reunited in a swift embrace. Mrs. Perkins joined him later in Montgomery before traveling to Cross Lake, Minnesota to see his ill mother.

MENTIONED IN THIS ARTICLE

Franklin Maxwell Perkins Air Force Cross Lake Minn Travis Air Force Base California
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Soviet Violinist David Oistrakh Hospitalized for Rest

Paris AP reports Soviet violinist David Oistrakh suffered a mild heart attack and has been ordered to take three weeks of rest. The announcement notes he is under medical supervision in Paris.

MENTIONED IN THIS ARTICLE

Paris David Oistrakh
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POWs Return to Welcome as Schoolchildren Sing

Three freed American prisoners of war made their first public appearance at Clark Air Base Philippines. Capt. Jeremiah Denton spoke to about 400 students at Grissom School while recalling his eight years apart from family. Detailing his hopes to see them tomorrow, Denton and two other POWs signed posters and greeted pupils, as the gym rang with patriotic songs.

MENTIONED IN THIS ARTICLE

Virgil I. Grissom U.S Clark Air Base Clark Grissom School
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Congress Likely Quick Nod to Dollar Devaluation Plan

Congress, dominated by Democrats, is expected to approve quickly the bill backing the dollar devaluation, with Senate and House committees planning hearings next week. Leaders urge scrutiny of followup trade legislation and a tougher wage price control framework beyond April 30.

MENTIONED IN THIS ARTICLE

Edmond Lebreton Associated Press Washington Nixon Congress Wright Patman Dtex House Banking Committee Senate Banking Committee
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U.S. Cuba hijacking pact nears final terms

The talks over retroactivity and classification of hijackings show Washington pressuring for future-focused terms while Cuba leans toward compromise. The pact may hinge on the level of force used to define hijacking and includes ships alongside aircraft. Havana accepted extraction and prosecution as handling options.

MENTIONED IN THIS ARTICLE

United States Washington Cuba Havana
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Nixon Signals Anti Hijacking Pact With Cuba Reporters Present

Nixon told a small gathering of reporters that the United States had negotiated an antihijacking agreement with Cuba. Earlier he used a routine photo session with George Shultz to vow he needs power to erect tough trade barriers if the dollar fails to stabilize.Reporters rushed to file bulletin stories as the scene unfolded.

MENTIONED IN THIS ARTICLE

United States Cuba Nixon
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Also Mentioned on This Page

Stock Market Report Callea A.P. Stock Ind. Rails Unil Rallis Indl Util, Fon, L Dow-Jones L._ Stock Index Transportation Utility Finance Peter Arnett Philippines America Capt Jeremiah A. Denton Virginia Beach, Va North Vietnam Denton John L. Borling Chicago, Ill William A. Robinson Robersonville, N.C Borling Rob Inson Capt. Denton Alma Siniscal Bloomfield N.J Robinson Bobby Hamilton Coun Wilbur D. Mills D| Tries Ark Mills Henry S. Reuss, D'Wise Joint International Economics Subcommittee Patman Sen William Proxmire D-Wis Senate House Economic Committee High Point Enterprise High Point Enterprise, Inc Church Avenue High Point N.C Ward-Griffith Company National Advertising Representatives Mee Ayno Greensboro Rd E. C. Lane Guardian Life Insurance Company Wright Bldg
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