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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 31, 1970
Page
2
The Dow Jones average rose modestly near noon after Israel accepted the U.S. cease-fire proposal. By 11:30 a.m. the Dow stood at 735.01, up 2.19, with 60-stock averages up 0.9 and gains in steels, motors, mail order retail, farm implements, electronics, oils and tobaccos.
The New York Stock Exchange closes with diverse results as AbbtLab Arch Ad Millis and AlliedStr show gains, while notable names like IBM Genesco and Texaco move on mixed volumes. Investors track daily highs and lows across major sectors amid broad participation and shifting momentum.
The page notes fluctuating Dow Jones averages with references to transportation sectors, higher grade rails, and industrials. It highlights a 720.26 figure in bonds and broad market movement across sectors like transportation and industry.
Noon readings show the New York Exchange index at 40.14 with minor variation from the prior level. Investors monitor intraday movements as market activity reflects mixed signals and evolving sentiment.
President states there will be no forced policy in desegregation issues and favors cooperation. He predicts moving economic growth in the second half of 1970, warns of possible vetoes on spending and taxes, and backs environmental measures. Nixon defends campus unrest handling, rejects repression claims, and sees talks with the Soviet Union limited to arms control.
A Nasser spokesman urged Arab unity and warned against division over the U S peace proposal. Heikal defended accepting the plan as a last chance to resolve the crisis, while cautioning that Israel could react crazily if Arabs ignore armed struggle.
In Asheville a 21 year old man died and a 49 year old man was injured when a 12 foot ditch under land cleared for a shopping center collapsed near the U S 70 and 74 intersection. Both men were at the trench bottom when an embankment collapsed burying Roland and nearly burying Gilbert.
A Palm Beach girl Kaydene Louise Johnoon, 16, was killed when the car she rode in ran off a rural road in Henderson County and struck a tree. The driver Charles Beck 25 of Hendersonville was pinned with leg and internal injuries.
Lawmakers accuse the Army of violating international law by planning to dump more than 3000 tons of obsolete nerve gas rockets into the Atlantic Ocean. The plan calls for overland transport from Anniston and Lexington to Sunny Point NC for scuttling in deep water off Cape Kennedy.
In Middlefield Connecticut a large crowd remains at Powder Ridge ski area for a weekend rock festival halted by court order as a public nuisance. About 15 000 festival goers continue to arrive and camp as state police say no effort will be made to remove them, with traffic congestion and impromptu music persisting despite the ban.
North Carolina Governor Bob Scott says he will not seek a court injunction to halt surplus nerve gas shipments by rail. He asserts safety measures and notes disposal will occur far offshore 300 nautical miles from Southport, with no passage through populated areas. The gas will travel via secure trains to Sunny Point and be sunk east of Daytona Beach.
In northeast Iran rescuers found five more villages devastated as the known dead rose to 175. Officials warned the toll would climb with 451 seriously injured reported in 31 villages. Red Lion and Sun workers flew the injured to field hospitals while troops and aid teams worked around the clock. Helicopters delivered food medical supplies and tents to remote areas.
A 35 year old Arctic researcher Mario Escamillia is flown to the United States and charged with killing his supervisor Bennie Lightly 31 on Fletcher's Island 325 miles south of the North Pole. He appeared in Alexandria Virginia magistrate court and is held without bond until an August 5 preliminary hearing. The victims body was returned with the same flight. Both men conducted meteorological research under a Navy contract.
North Carolina state Sen. Hargrove Bowles, 50, said he is not hiding interest in a 1972 governor bid but would not announce yet. Bowles, from Guilford County, served in the House in 1967-68 and later in the state Senate, and emphasized reelection as his current focus.
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