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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 10, 1970
Page
2
New York AP reports mild stock gains at midday with the Dow up 2.94 to 695.71 and the AP 60 stock average up 1.9 to 233.2. Advances outnumber declines about two to one as profit taking weighs on some sectors and traders await weekend cues.
The New York Exchange reports afternoon quotes with mixed results for a range of stocks and well known firms. Prices show modest gains for some issues like Searle and Smith Kline while others like Swift and Southern Gas trend lower amid widespread volatility.
The American Exchange list shows scattered quotes with many securities at small gains or losses. Notable entries include Aerojet Ark, AtlasCorp, Cinerama, CreoleP, Frontier Air, Gen Plywood, Kaiser, and Nuclear among others with mixed daily moves.
Raleigh AP Correction Commissioner Lee Bounds announces Dr. Stanley Blackledge a psychologist will become warden at Central Prison guiding its shift from maximum custody toward the department diagnostics and special treatment center for difficult cases. David Henry moves to the commission staff to head health services and arrange more use of local hospitals to reduce inmate transfers.
Prime Minister Sato warned that a bilateral aid formula could imply Japanese economic domination and urged multilateral cooperation. He called for liberalizing trade with the United States while appreciating postwar U.S. support, noting that even close allies face misunderstandings.
The daily A P stock averages show figures across noon prices and changes from prior days weeks months and years. Readouts include values for several indices with highs and lows recorded for 1970 1969 and earlier periods.
A bipartisan antiwar conference of about 100 senators and congressmen urged a public, definite withdrawal timetable for Vietnam. They warned slow withdrawal risks a major attack and possible use of nuclear weapons, urging three simple accords on no reprisals, no interference, and a ceasefire.
Washington AP Agriculture Department scientists report a new flame retarding treatment for cotton batting used in mattresses furniture and auto upholstery. The simple inexpensive method impregnates cotton with flame retardant chemicals. Officials say performance surpasses preliminary DOT standards and may meet or exceed forthcoming Commerce standards.
American forces press to reach the Huey crash site in Vietnam where Maj. Gen. George W. Casey and six others were aboard. No life signs seen. location kept secret to deter enemy access. In other action, U S forces claim heavy enemy losses near Khe Sanh while reports detail Ambush near Saigon and a Cambodian move toward Siem Reap and Angkor.
Max Munningham, ex mayor of Lansing, begged a kidnapper on TV to release his 16 year old daughter Laurie who was taken from a gift shop during a $60 robbery in which store owner Christine Gallagher was struck. Police set up a roadblock but did not stop the suspect. Laurie, described as 5 foot 2, 125 pounds, was seized by a goateed man 20 to 25.
UNC Board of Trustees executive committee considers major changes to the campus disruptions policy. Proposals include removing a clause that could discharge faculty failing to perform duties and adding defense attorneys, a statute of limitations, and clearer language. The plan stems from a 1969 policy created after Chapel Hill campus unrest and grew from a committee of trustees, Faculty Council members and student leaders.
The U S Court of Appeals voided a Civil Aeronautics Board order allowing a six percent domestic airline rate increase. The CAB says higher rates will stay for up to three weeks before the ruling takes effect, with no rollback or refunds. The action came on an appeal by Rep John E Moss and 31 House members.
Capt. Jeffrey MacDonald attorneys say at least a dozen unidentified fingerprints were found inside the house but no identifiable prints on the knives or ice picks believed used in the February slayings. They will present evidence next week as the Army hearing continues at Fort Bragg amid defense efforts to reopen hearings and challenge Army conduct.
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