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High Point Enterprise in High Point, North Carolina

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This newspaper page contains 11 articles. Subscribers can read the full text of each article.

Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Jul 02, 1971

Page

2

Stock Market Dips Amid Uneven Trading As Jobless Rate Drops

The Dow fell 3.65 to 889.38 as trading paused earlier and resumed. Labor data showed unemployment at 5.6 percent in June from 6.2 percent in May, sparking worries on rate hikes and economic recovery. Investors weighed copper and ocean freight strikes and a potential rail or steel walkout amid mixed corporate moves including RCA and steel names.

New York New York Stock Exchange Labor Department Federal Reserve RCA Ae Division Bethlehem Steel Republic Steel Wemorex Co Clark ClevElill Ta New York CocaCol Colg Pal Collins Coloinist WlAmPetrt Nw Cbs Montdut Mont Pw Atlas MorNor Barnwel Ind Motorola Brascankt Ib Saecey Buttes Gs Oil Nabisco Certron Cp Cinerama Conti Corp Nat Can Natcashr Dillard Dixilyn Corp Cooperin Essex Hem Fed Cox Nat Steel Felmont Gt Basin Pet Newmont Ning MP Moriell Curt Ling Tal Instrum Norfolk Corp Dan River Norris Ind Jamesway Dartind No Am Phil Jetronic Ind Yua Ve DaycoCp Noamrk Jupiter Cp Oe Maho Songas Kaiser Deere Co NoStaPw Kin Ark Corp Ve del Mate Kingsford Delta Air Northrop Nwest Airl Lafay Radio Denny Ast Ling Tvgt DetEdis Norton LoewsThe Diam Sham Nort Simon Ia Marshal Ind Dillon Co Okla GE Newidria Cis NewPark Mn Olin Corp Nor Cdn Duke Pw Omarkin Ste Suctear Am duPont Otis Elev OKC Corp Ormand Ind RB Dynam Am Owen Cog Ozark Airline Owen Il Permaner East Air Lin EasKodak Eg&g Eipasong T&t Pann EP Wawu Statham Ins Penn Cent Penney JC Fairch Fair Ind PennzUn Fansteel Inc Pepsico Dana US Home Co FedDeptstr Xis Phelps D Filtrot Phila el Viewlex Firesine Sis Si Phil Morr Vq Vikoa Inc Fst Phill Pet VEN Corp Flintkote Pitneyb Westates Pri Polaroid Wilshire Portgel Nah Yates York ForMcKs FreepMin Paedio GAC Cp GAF Corp Questor Gannett Gen Dynam Ve Ranco Inc AbbiLb GenElec Raytheon Reich Ch Arizona Geneseo Alieg Cp Gerber Gettyo Rohr Cp Rovccola Alfied Ch Glen Alden RoyDut A' AlliedStr Goodrich Ryder Sy AllisCh Goodyr eiGrnGiant SanFeint Greyhound ScherPig SCM Corp Wa Ulf Scoa Ind E Ameipw Testuril Scott Paper Gulf Wn Sear MiCix Halliburt Sears Am Motors Harris Int Anatgas Hercules SingerCo At&t Smith Scar EG Ampex Corp Soungas A Ancorp Honywil Southn Pac Apeco Co SouthmRy Atlas Chem veimeriCp Am Stirlind Atlas Corp Na IBM Nick Beckman Swift Co BeechAir Lowe Lowapsyv Tampa E Bendix Yqtek Corp Tektronix BenefiCo Teledyne Jewel Co Telex Co Beth Su JohnMan Tenneco Jonnioh Texaco Boeing Co BoisCas Borden i Va Josens Texas Thiokol Bucy Er Budd Co Timken Ve Bulovan Vw KayserRo BuriNor Atb Koppers Kraftco Inc Cal Finani Kresgers UMC Ind Kroger UN Carbide Caro LearSieg CartWal UN PacCp A CastieCke Libbofd Unit Air UnitCp Ling Tem Vt Cerra Cp Littonind Lockheed Air Cessna Air Loews Corp Cfi Lone Starin V\ Ches Ohio 4 6! 004 60%8 |LoneSGa US Steel Chim Spp Longisl Univokip al Ve Chinneyt Perl A Va Lucky Sirs Univer Comp Nie Chris Craft LVO Corp M + Ve Upionn Chryslr Lykes Yogst Ab Varian Assoc Maeve Macke Co Vendo Co Marath Martinw winesCp Mayostr Maytag White Motor View McDond Whittaker McGrwl We Williams Co A

Senate Votes Governmental Shakeup

The North Carolina State Senate approved a major government reorganization bill by a 36 to 5 vote after overriding objections. The measure, amended heavily in the Senate, returns to the House for concurrence amid protests over debate limits and calls to reconsider. Lt. Gov. Pat Taylor pledged to hold the bill through Monday night as Sen. Julian Allsbrook sought further amendments and argued it concentrates power in Raleigh.

Raleigh State Senate North Carolina House John Burney New Hanover Burney Julian Allsbrook Halifax Pat Taylor Allsbrook

Marshall Plan Aid Is Repaid

West Germany has closed its Marshall Plan books by repaying the final debt installment of 93.15 million dollars. The Economics and Finance Ministry credited the plan with rebuilding the postwar economy and noted the total aid reached about 3 billion dollars through 1951.

Bonn Germany West Germany Washington Economics and Finance Ministry Central Bank

New York Stock Index Update At Noon

The noon update from the New York Stock Exchange shows mixed activity across industrials transportation utilities and finance with no clear leader as indexes hold near prior levels amid trading. Investors monitor sectors for direction as market tone remains cautious in late morning sessions.

New York Te Exchange

Protective Reaction Jets Raid DMZ North Vietnam

U S fighter bombers attacked gun positions in North Vietnam within the DMZ in a protective reaction. One 37 mm anti aircraft gun was destroyed, seven enemy troops were killed, and ten secondary explosions occurred as twelve Air Force Navy and Army aircraft engaged targets with no U S losses.

Saigon North Vietnam Demilitarized Zone U.S James D'Entremont South Vietnam Dong Ha Dmz

House Approves 3.5 Billion Medical Training Bills

The House passed a 3.5 billion package for medical training with a 343 to 3 vote on a 2.8 billion comprehensive health manpower measure and 323 to 0 on a 710 million nurse education bill. The plan seeks faster physician training, more medical schools, family-doctor training, and capitation grants up to 12 500 per graduate to expand capacity by 1978. It includes 750 million for facilities and 412 million for innovative training projects.

Washington House Senate Paul G. Rogers D-Fla Public Health Subcommittee Rogers

House approves North Carolina anti discrimination bill

The North Carolina House passed a bill 99 to 0 prohibiting state and local governments from hiring discrimination based on race or sex. The measure, amended to include local governments, moves to the Senate. The sponsor Joy J. Johnson urged floor action despite committee opposition.

Raleigh House North Carolina Senate Ernest Messer Joy J. Johnson D-Robeson Johnson Ernest Hicks D-Mecklenburg Hicks

House approves 200 million school bond proposal for voters

North Carolina House passed a bill by 112 to 3 to submit a 200 million state bond issue to voters in the 1972 general election. Funds would be distributed to local schools by a formula tied to average daily attendance and decade growth. Rep Jim Beatty cited broad public school support while Rep Ed McKnight questioned county impacts.

Raleigh House Senate Jim Beatty D - Mecklenburg Ed McKnight Forsyth Beatty

Noted Statesman Comments on Troop Withdrawal Plans

Albert said he opposes congressional troop withdrawal resolutions while the timing of setting dates shapes his stance. He expects to know if the President’s plan works by the end of proposed periods and would back Congress action if it fails, though he did not specify measures.

U.S Albert Congress

First Negro on North Carolina Paroles Board Sworn In

John Baker Jr., 36, former Detroit Lions defensive end, took the oath to join the North Carolina Board of Paroles becoming the first Black member. Gov. Bob Scott appointed him to succeed Fort K. ox of Davidson County. Attendees included Lt. Gov. Taylor and Speaker Godwin. Baker previously worked as an industrial development representative and youth counselor with Raleigh Police, and his father has 30 years on the police force.

Raleigh John Baker Jr North Carolina Scott Pat ‘Taylor Phil ‘Godwin Ray Sowers George Ransdell Paroles Baker C&d Department Detroit Lions N.C. Good Neighbor Council Department of Correction

Unemployment Rate Drops Sharply Amid Teen Decline

The May to June report shows seasonally adjusted unemployment down six tenths of a percentage point, returning to October levels amid a smaller labor force entry by youths. Teenagers and young adults led the decline, with teen unemployment easing from 7.3% to 5.8%.

Nixon

Also Mentioned on This Page

Stock Market Report Linda Rubey Cesar Tyroid NEW York Exchange A.P. Stock Associated Press Ralis Ind Util Fon Dow-Jones Indust Ieespetsana Asco George Esper D‘entremont Carl C. Craft High Point Enterprise High Point Enterprise, Inc Church Avenue High Point N.C Okly Ward-Griffith Company National Advertising Representatives N.C. Parole Board Preventor Security Center North Main Street Liberty Loans West Washington
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