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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 17, 1971
Page
2
The New York Stock Exchange shows a modest rise in noon trading with the Dow Jones average up 1.38 to 909.97. The AP 60-stock index gains to 321.7 as industrials utilities and rails rise slightly, while advances edge past declines about 3 to 2 on the day.
A fragmented list presents ticker symbols and percentage figures for various companies and investments. The entry names firms such as Pitney Bowes Procter Gamble Raytheon RCA and Reading Co with associated price-like figures and percentage values, resembling a market brief.
The document lists AP sourced notes on 1971 dividend terms including ex dividend and ex distribution markers, distribution timing, and shorthand codes for special cases such as extra or liquidating dividends. It explains that rates are annual and based on the last quarterly, with footnotes detailing treatment of stock dividends and deferred actions.
The morning stock averages show mixed movement across industrials, utilities, and rail groups with noon values and prior day comparisons. Bond averages list changes for several categories with highs and lows noted for the week and month.
NASD inter-dealer bid and ask quotations around 11 am show prices for participants such as American Furniture Carolina Caribbean Life of Carolina Public Service of NC N.C. Natural Gas and North Carolina National Bank among others. Numbers reflect representative market levels and exclude retail markups and commissions.
Police hunt Fayetteville grocer Charles B Davis 30 for murder after Theodore Fisher Jr. was found dead in a burned Robeson County car with his head buried nearby. Fisher’s head located by a neighbor. Davis last seen Tuesday. another Fayetteville man Joseph Williams faces an after the fact charge in the case.
AP reports midday index figures for New York showing mixed movement across sectors. Industrial and transportation sectors show small gains while utilities and finance edge higher, with the overall composite around 55 599 and 10424 noted.
North Vietnamese troops attacking near Khe Sanh with flame throwers were repelled by South Vietnamese marines aided by U S helicopter gunships fighters bombers and artillery. Casualties included 63 North Vietnamese and nine marines, as allied commands noted a broader pattern of lower American and higher Vietnamese losses amid withdrawal.
A string of blasts at the Guilford Mills Print Division in Greensboro injures at least six. Fire teams battle a spreading blaze with chemicals and Varsal explosive in the building, evacuations considered as crews work to control the flames.
Jackie Robinson Jr., 24, son of the baseball great, died in a one car accident on the Merritt Parkway while returning from a shift at a drug rehabilitation center. Police described the fatal crash as a single vehicle collision with a bridge abutment.
The Times began a three part series based on a 1967 68 Pentagon study ordered by Robert McNamara about U S decision making on Vietnam. A restraining order was issued to stop further disclosure under a law banning unauthorized possession and transmission of classified documents. Vice President Agnew attacked the Times saying the Nixon administration trusts elected officials more than a newspaper.
Sen. Hubert H. Humphrey says he watched President Johnson keenly hesitate and “practically die” over Vietnam escalation decisions. He cites a secret Pentagon study reported by The New York Times as showing a lack of candor to the public and notes he did not know of the report or some papers until the Times account.
A 19 year old Marine from Cary Illinois was jailed for 10 days in Henrico County Virginia after being convicted of hitchhiking on Interstate 95 near Richmond. He said he planned to travel from Baltimore to Cherry Point North Carolina where he is stationed and he described leaving the state as his first thought. He had $3.50 and could not post bond of 20.25 dollars. Judge H Ratcliffe Turner noted the trio were the first 195 hitchhikers given the maximum jail penalty under Virginia law but said he was not cracking down on hitchhikers.
The Charlotte-Mecklenburg County school board presented a desegregation plan to Judge James McMillan for the new school year. It shifts most busing burden to black students and creates nine inner city sixth grade only schools while using satellite zones for elementary attendance. Nineteen suburban schools would serve grades one through five.
The 1970 State Fair earned 216000 dollars, the highest total in fair history. The prior record was 187000 dollars set in 1967, with 1969’s receipts at 145000 dollars.
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