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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 21, 1970
Page
2
Stock prices rise further at midmorning trading as glamour issues push the market higher. Telex surges to 150 on strong third quarter earnings. Polaroid and Sperry Rand advance while IBM slips slightly. Dow up to 781.41 with breadth positive and rails and oils leading gains.
The New York Stock Exchange shows afternoon quotes for Zale Corp at 66 34 43? and Zenith R at 1.40 68 34% 34. Market data from AP in 1970 notes fluctuating prices and percentages.
A dense list explains dividend terminology and table footnotes for stock issues. It defines annotations such as extra dividends liquidity headings and stock dividends with letters a through ii and symbols like nm p ¢ xw xr and wd indicating various payout and distribution conditions and special cases.
North Carolina and South Carolina see below normal temperatures with mainly cold to very cold nights through Thursday. Georgia Virginia and coastal areas forecast fair but chilly conditions with fluctuating cloudiness and light precipitation possible later in the period.
Former Treasury Secretary George M. Humphrey died at University Hospital in Cleveland at age 79 after a stroke illness. He served 1953 to 1957 under President Eisenhower, resigning as chairman of National Steel and Hanna Co. He urged budget restraint and warned against excessive federal outlays. Born in Cheboygan Michigan, he studied at Michigan and Michigan Law, leading M A Hanna Co. before national service.
A brief listing shows Dow Jones averages with industrials and transportation sectors, along with rail, utilities and bonds figures. Values and changes appear for several indexes and securities, reflecting a mixed movement in the market.
The AP reports midday figures from the New York Stock Exchange with the Dow and market sectors showing fractional changes. Industrial, Transportation, Utility, Finance indices display mixed movement with the overall index around 50 414 and 53 424 readings.
Baghdad Radio reports the Revolutionary Command Council thwarted a coup aimed at the 1968 Baathist revolution. Traitors allied with foreign quarters were named as deviationists. A three member military court was formed to try arrested plotters.
AP reports inside Biafra shows famished refugees fighting for food as Nigerian troops loot. Witnesses describe rapes of women, fear among girls, and nurses attacked while fleeing toward the bush amid chaos and hunger.
Svetlana Alliluyeva, daughter of Joseph Stalin, loses Soviet citizenship after defaming the title of citizen. Defector to the United States in 1967, she says she requested the action last July through her lawyers. She lives in Princeton with two children, believed in Moscow.
Coast Guardsmen struggled to attach a third towline to the Nordis Presthus after two lines failed. A fire rekindled in the engine room killing two crewmen, with 20 survivors removed and eight aboard working to douse flames. All casualties and crew were taken to Morehead City as 15 foot swells and high winds hindered efforts. The ship’s master was severely burned and hospitalized.
Vatican City announces the retirement of James Francis Cardinal McIntyre as archbishop of Los Angeles for age. Archbishop Timothy Manning, former Fresno bishop, named to succeed. McIntyre, 83, had clashed with liberal nuns and pushed modernization limits.
Gov. Bob Scott urged meticulous water use as precious resources and called for maximum utilization from rain. He cited North Carolina projects, federal funding for jetties and flood control, and urged Rivers and Harbors delegates to support regional water conservation programs.
The North Carolina Banking Commission unanimously approved a request by First Citizens Bank and Trust Co to open a Rocky Mount branch despite strong local opposition from Bank of Rocky Mount People s Bank and Trust Co and Planters National Bank and Trust Co. The panel also reviewed several other proposed branches and mergers across the state including new banks and renamed institutions.
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