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High Point Enterprise in High Point, North Carolina

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This newspaper page contains 7 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 15, 1971

Page

2

Market slows as stocks edge higher at noon

The Dow Jones 30 sits up 2.63 to 893.84 at noon with volume around 6.8 million shares. Advancers outpace decliners by more than 2 to 1 on the NYSE as investors absorb Connally's GNP forecast and Indochina cease-fire hints. IBM, Control Data, Polaroid, Xerox, Burroughs, and Univ. Computing lead a mixed session. The AP 60-stock average rises 1.4 to 321.2 with notable pre noon blocks like Texaco and Continental Can trading higher.

NEW York New York Stock Exchange Treasury John B. Connally U.S Indochina IBM Control Polaroid Xerox Burroughs

Viet Cong and South Vietnam clash over peace terms at Paris talks

In Paris, Xuan Thuy and Mrs. Nguyen Thi Binh press for Vietnamese self determination and a rapid POW release. They argue the plan allows US troop withdrawal by year end and calls Bruce’s claims of peace intention a veil. they insist on ending foreign troop presence.

United States South Vietnam Xuan Thuy U.S Viet Cong Ngyun Thi Binh Paris

New Retirement Bill Approved by Senate and House

In Raleigh the Senate 27-15 and the House 70-34 approved a revised legislative retirement plan. It shifts from non-contributory to a 5 percent salary contribution and allows former members with up to four terms to draw $25 per month per term at age 65. Critics call it a raid on the treasury.

Senate Hargrove Bowles Guilford House Treasury of North Carolina Marvin Johnson D-Johnston Johnson

Pension plan debate stirs North Carolina House

Legislators clash over a conference report on retirement changes. Rep James Long urges repeal but accepts contributions. Rep Ernest Messer supports a more equitable bill. Critics like Rep Charles Taylor warn older teachers may lose as several retirees receive under 100 dollars monthly. Rep William Fulton admits regret over supporting the 1969 plan.

Johnson James Long D-Alamance House North Carolina Ernest Messer D - Haywood Charles Taylor Transylvania Jeter Haynes R-Yadkin Taylor William Fulton Burke

Dividend terminology and footnotes in stock table excerpt

Unofficial sales figures and dividend rates discussed with footnotes clarifying terms such as annual disbursements, regular vs special payments, stock dividends, ex-dividend and ex-rights statuses, and various coded annotations for years 1970 to 1976 including bankruptcies reorganizations and foreign issues subject to tax considerations.

Nixon expects slower GNP rise in April-June

The Nixon administration forecasts second quarter GNP growth of about 20 to 25 billion dollars, a modest expansion while unemployment remains high. Officials warn it may not reach the 30 billion dollar rise hoped earlier, with McCracken signaling a shift away from the 1.065 trillion target. President Nixon has rejected new stimulants like a tax cut to speed the recovery.

Washington Commerce Department White House Nixon Paul McCracken Council of Economic Advisers Congress McCracken

Senate to vote on 20000 dollar crop subsidy limit

Senate floor fight unfolds as Appropriations panel keeps a 55000 cap on cotton wheat and feed grain subsidies while House members push to drop payments to farmers who grow marijuana. Sen Bayh seeks 20000 cap claiming 2 percent of farmers would be affected and $200 million yearly savings.

Washington Senate House Birch Bayh D-Ind Bayh J. G. Boswell Co California Agriculture Department Nixon

Also Mentioned on This Page

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