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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 30, 1971
Page
2
The Dow Jones average rose 1.61 to 863.03 at noon as advances outnumbered declines about 3 to 2 on the NYSE. Analysts cited oversold conditions after a three-day slide with gains in oils airlines metals electronics aircrafts rubber goods and mail order retail while steels fell and utilities chemicals rails were mixed.
AP reports on New York Stock Exchange listings and dividend actions including stock dividends, ex-dividend statuses, and 1971 payments. The text outlines various dividend types and corporate events such as liquidating dividends, accumulative issues, and foreign issues under tax rules.
Space Center Houston reports Apollo 15 schedule in EDT with Worden resting aboard Endeavour while Scott Irwin prepare for lunar EVA. Scott Irwin deploy lunar Rover for a four mile ridge trek near Hadley Rille, collect samples, and install instruments for a year long data link. Telex telecast covers geologic collection.
Trades included 179200 shares of Allis-Chalmers at 12 percent off the previous close, 102800 shares of Pan American at 11 percent off, and 71200 shares of Chase Manhattan at 49 percent off.
The New York stock index update shows small fluctuations with minor gains and losses across utilities and finance sectors. Market activity appears subdued as traders digest limited data and await broader indicators.
Johnny Carson withdraws a lawsuit in New York aimed at stopping early morning window washing activities that disturbed his sleep at home. The action sought to prohibit wakeful noise from cleaners and protect his slumber.
In Washington a bid to aid Lockheed Aircraft Corp. faces extended debate and failed head counts as supporters struggle to force a vote on a 2 billion loan or loan guarantees. Senate backers push stalled compromise while Proxmire and allies press for a clear choice.
Apollo 15 astronauts David Scott and James Irwin prepare to land near Hadley Rille in the Apennine mountains, aiming to study ancient lunar crust and volcanic features. Scientists note likelihood of pristine rocks 4.6 billion years old and remnants from Mare Imbrium formation, with Hadley Rille and North Complex craters key targets.
Bowater Sales Co and Kruger Pulp & Paper Ltd join MacMillan Bloedel in lifting newsprint by eight dollars a ton effective November 1. US price rises to 168 a ton and Canada to 159 a ton as industry moves toward higher costs and wider hikes.
State and federal agents will release scented confetti over 20 acres in Robeson County to disrupt gypsy moth mating. Two male moths were found in traps. weather delayed the rollout. Entomologist Al Elder notes the approach aims to deter mating rather than use DDT.
New York AP report outlines TV plan for Apollo 15 with ABC airing progress at 8 30 to 8 45 a m and 5 45 to 6 30 p m moon landing CBS showing moon landing at 5 30 to 6 30 p m and a late progress report at 11 02 to 11 05 p m NBC listing moon landing from 6 to 6 30 p m and site survey from 7 25 to 8 30 p m local time Eastern Daylight Time.
A head on collision on U S 258 near Woodland Northampton County North Carolina killed four children and two adults. Thonnie Holley Jr 33 was the car driver dead with the others James Flood 3 Pam Flood 5 Mitchell 7 Carlton Mitchell 8 and Alretha Lassiter 31. Truck driver Willis Thomas Hancock 56 from Laurinburg NC was injured and hospitalised in Ahoskie. The truck belonged to Farm Products Inc of Laurinburg.
Burns outlined a plan for wage and price controls and a review board, while Nixon stopped short of a full economy wide board. The Fed slowed money growth amid higher unemployment and ongoing inflation as administration officials clash with Burns over economic indicators and the path to moderation. Burns warned that cost-push inflation and obstacles to recovery remain.
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