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High Point Enterprise in High Point, North Carolina

09 Jun 1972

Page 2

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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

Jun 09, 1972

Page

2

Market slips amid inflation fears and McGovern impact

The Dow Jones average fell about 5.6 points to 35.73 by noon as trading slowed on the New York Stock Exchange. Analysts cited economic concerns raised by Senator George McGovern and inflation and unemployment signals, with declines led by aircraft, chemicals, and tobaccos while mail order retailers rose. Levitz Furniture dropped after announcing its president's resignation and after an SEC probe into possible securities law violations.

MENTIONED IN THIS ARTICLE

New York E - York Stock Exchange George McGovern Leon J. Levitz Securities and Exchange Commission ColuGas Ly Comsat . E 1 Corp Mistatt Nabisco Va Control Data Nat Airline Natcashr Cowles Com Cinerama Ae Cox Dillard Crouse Hinds Dixilyn Corp EllCrowCell Indust Crown Cork Nat Steel Electrospec CrwnZell We Essex Dan River Deere Co Norfolk W del Monte Norrisin Delta Air No Am Phil Instrum Sys NoAmAir Jamesway DetEdis NoStaPw Jetronic Ind Northrop Kaiser In Disney Kin Ark Co LaMaur DowChm NortSin Lee Ent LoewsThewt Duke Pw Wve LTV Corp duPont Se OnioEdis Marshal Ind Vv A Ev Dug Lt Okla GE McCrory Wi Ts Dynam Am Okla Ngs Medenco Inc A Olin Corp Midwf Eart Air Lin Otis Elev Eaton Permaner Owen Owen Cng .78 m4 60'9 504 + %|Phoenix Stl 6\ 6\e 6a EG&G Owen Ill PuritFash el Pasong EltraCp PacGsEl Resortsinti A Statham Fansteel Inc Penn Cent PennDix Fean Viewlex Wilshire di Yates Phelps D PhilMorr Phill Pet Associated Press FMC Pitneyb Foram GAF Corp Pullman Questor GenElec GenFood Ralstonp Ranco Inc A Raytheon RCA Ss Sl Acdresso GoTelel el Airco Arizona la Gettyo Tite AlcanAly Gillette GlenAld We Ie Wese Alleg Cp Ye Global Marine U Goodrich Rohr Ind AllegPw Rove Colea Allied Ch Roy D Grant Grant W 1.50 * RyderSy W's Ra—%*% AllisChal Alcoa SCM Corp Halliburt Harris Am Motors Sears Searsr MoernWal At&t T&t Moff Electra Hobidyinn AMF Inc Vase SingerCo L' Amp Inc Smith Idaho SouthRyv Sperry ingerRa IBM Vola Stauf A Beckman Bey Reis Stevens Ttek Corp Systron Donn Dod Jewel Co Boeing Co JonnMan M&m Tampa BoisCas Johnioh Borden Ps JonLegn E Teledyne Ns ‘S BoroWer M's Tenneco Brunswek Texaco Texasinsta Katy Texeron Kayser Rood Ss Thiokol Kennecott Thriftydog Kerrmcg KimbCik Todd Ship Kretico Kroger Trw Inc Oestiecke LearSieg JAL Inc CeleneseCo Lenval Ind UMC Ind Cencoins Uniroyal Unit Air Les Lee Lockheed Air Chris Craft LTV Corpes Clevelil Ci ‘’ Lukenstine LVO Corp UnivCog Colg Pal Lykes Yngstr w. Pace _ Upjohn Collins Rae Coloinist Varian Assoc CBS SBS Macke Co VendoCo le Macy RH WaEiPw Madison Magnvox Wachov Cp Marath Warlem Marcor Mar Mid Martina Banc Mayostr WeUnion Maytag WestgEl McDond Weyerns WhibFry Merck Zenith the Associates Press
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Dying Man Reflects On Values San Diego AP

Paul Isleman, 27, faces a terminal prognosis with multiple health issues and personal losses. He says life remains meaningful, believing there is something beyond, while his doctors caution he may not live much longer. He endures diabetes arthritis and heart problems and spends time with family, hiking deserts for solace.

MENTIONED IN THIS ARTICLE

San Diego Calif Paul Isleman Isleman Olay
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Dow Jones Averages Mixed On Industrials And Utilities

The Dow Jones averages show declines across sectors with industrials and transportation leading losses. Utilities and bonds display modest movements as traders weigh market breadth and sector rotation.

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New York Stock Index Brief Report

Noon market snapshot shows mixed movements across indices with minor declines. The overall Dow and transportation sectors edge lower while utilities hold steady as investors reassess values and dial base shifts.

MENTIONED IN THIS ARTICLE

New York Transportation Utility
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Contentment and the peril of ideas not pursued

The excerpt reflects on human contentment and the risk that good ideas perish if not pursued. It contrasts feeling of satisfaction with the drive needed to implement new plans, noting many originate as sparks that never catch.

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Browne proposes U S antihijacking force for security

C A B official Secor D Browne urged creation of a national antihijacking unit to police flights and airports. He argued security should be a federal responsibility, criticizing fragmented authority and opposing industry or NGO led boycotts. Browne called for federal legislation funded by general revenues, not user taxes.

MENTIONED IN THIS ARTICLE

Browne Boston (Ap Secor D. Browne Aeronautics Board Fed Aero Club of New England United States Britain Air Lines Bilots Association ALPA
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Schlitz Management Seeks Court Action in Strike Wave

Winston Salem plant ordered employees to end a walkout linked to suspensions and grievances spanning Memphis and Longview plants. Union leader cites no strike clause while management weighs legal restraining action as workers report 25 cent wage retroactivity disputes and reduced output across sites.

MENTIONED IN THIS ARTICLE

Winston-Salem N.C Joseph Schlitz Brewing Co Memphis Longview Tex R. V. Durham Teamsters Local 391 Forrest McCluney Brewing Company John Sears
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Landrieu urges restructuring to save cities in Democratic hearings

Atlanta. Moon Landrieu head of New Orleans called for a federal restructuring to rescue American cities from neglect. He spoke for the National League of Cities and the US Conference of Mayors at a Democratic hearing in Dixie. He cited four fiscal pressures: rising costs, service demands, spiraling debt and dwindling resources, noting city expenditures rose 12 billion over five years and urging reforms in grant programs and revenue sharing.

MENTIONED IN THIS ARTICLE

Atlanta Democratic Platform Moon Landrieu New Orleans National League of Cities United States Conference of Mayors Landrieu Dixie
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Phase II Pay Hikes Reach 5.1 Percent

The Construction Industry Stabilization Committee reports Phase 2 wage increases averaging 5.1 percent since controls began. In 117 contracts for 72,185 workers, first-year pay rose 48 cents per hour and second-year gains averaged 49 cents. The panel operates independently of the Pay Board.

MENTIONED IN THIS ARTICLE

Washington Nixon Construction Industry Stabilization Committee Pay Board
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Saigon Braced as North Vietnamese Reoccupies Base Areas

Report describes North Vietnamese and Viet Cong reoccupying Jungle road networks and sanctuary zones around Saigon, with Saigon defense prioritizing towns and roads. Coalition forces previously held Ho Bo Woods, Boi Loi Woods, and Iron Triangle now back under enemy control.

MENTIONED IN THIS ARTICLE

Trang Bang Saigon Trang ‘Bang South Vietnam Ho Bo Boi Loi Iron Triangle Mekong
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Methodists Report Contributions and Budget Action

United Methodists of the Western North Carolina Conference report 54 618 for race relations plus 47 000 to Pakistan relief and 99 494 to reconciliation. Treasurer Fred D Russell retires after an appreciation at the annual meeting. John Robinson Sills named assistant treasurer for 1972 with full treasurer duties in 1973. Budgets set at 2.9 million for late 1972 and 5.2 million for 1973 with a 159 000 asking to black colleges.

MENTIONED IN THIS ARTICLE

Lake Junaluska Fred D. Russell United Methodists Western North Carolina Fund For Reconciliation Russell Charlotte John Robinson Sills Eden-Leaksville
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Also Mentioned on This Page

Stock Market Report Exchange A.P. Stock Gengigs Ralls Ind Util. Fon. L Dow-Jones NEW York Stock Index C.A U.S Vern Haugland AP Aviation Winter Schlitz Management William L. Chaze High Point Enterprise High Point Enterprise, Inc Church Avenue High Point Ward-Griffith Company Nationel Advertising Ek” At Churces Tthe Church N. Main St George W. Gillie Bob. Short S. Main St Welborn Insurance
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