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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 13, 1970
Page
2
The market drifted in slow trading with the Dow Jones industrial average rising to 791.12 as noon trading showed a split session. Analysts noted little buying and more onlookers awaiting President Nixon's State of the Union address and budget message for potential market impact.
At noon today the New York Stock Exchange showed mixed readings across sectors with the industrial and transportation groups edging higher while utilities and finance drifted. Investors awaited broader market cues amid steady trading and ongoing corporate results.
Durham NC restaurant group official says the North Carolina Restaurant Association re affirmed its opposition to the soft drink tax. The board noted inflationary effects raising food costs and restaurant controls since the tax began October 1, 1969 and urged repeal by the 1971 General Assembly.
Forecast calls for generally fair and cold conditions tonight with teens in the mountains and 20s elsewhere. Wednesday brings more clouds and continued cold with highs from the mid 30s to mid 40s, while South Carolina faces frost warnings at night and mostly fair, colder conditions with teens to 30s and highs in the 30s to 40s.
Senate Democratic Leader Mike Mansfield compliments President Nixon on progress in Vietnam and hopes for cooperation in the new session. He notes the party’s focus on education health spending and crime as priorities amid looming veto battles and election pressures.
The Defense Department listed three North Carolina soldiers killed in action in Vietnam. They are Spec. 4 Harold K. Gammons of Mount Airy Spec. 4 M. W. Lynn of Fayetteville and Spec. 4 Charles R. Willard of Charlotte.
A string of F111 crashes and a new steel defect threaten the future of the aircraft program and Nixon's pledges. Defense Secretary Melvin Laird warns the issue could become a Republican problem as Air Force reviews whether to continue production beyond the fourth wing and how to cover repair costs.
A federal grand jury indicted Martin Sweig, McCormack's administrative assistant, and Nathan M. Voloshen, a New York lobbyist, on charges of conspiracy perjury and defrauding government agencies. Morgenthau called McCormack not a subject of the investigation.
Mayor Joseph Alioto of San Francisco says he will not seek the California governorship this year leaving Democrat Jesse Unruh as the sole major challenger to Governor Ronald Reagan. Alioto cites lack of time to campaign file and fight a libel suit amid questions about associations and a high profile Look Magazine article.
Mayor Richard Daley announced a pact among Chicago builders unions and civil rights groups to expand black employment in construction. The plan commits 4000 jobs over five years with 1000 immediate hires and 3000 in training and apprenticeship programs across five tracks.
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