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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 19, 1972
Page
2
Stocks drifted lower as the Dow Jones average fell 4.59 points to 940.47 at midday. Declines outweighed advances on the NYSE as traders waited for any news on a potential Soviet North Vietnamese peace initiative and noted the impact of secondary offerings and inflationary pressures.
The note explains several stock exchange codes used for ex dividend and related actions. It lists codes for ex dividend and sales, distribution, rights, warrants, and issuance status along with bankruptcy and foreign issue tax designations.
Secretary of State William P. Rogers appears before the Senate Foreign Relations Committee as Congress opens hearings on the Moscow arms limitation agreements. Ambassador Gerard C. Smith accompanies Rogers. The accord would limit ABM sites to two per side and cap strategic missiles, with the U S and Soviet Union having major sites already in place.
The Furniture City Chapter of the American Business Club held its annual officer installation at a Sheraton Hotel dinner. Stanley M. Herman became president, Hayworth received the outgoing president’s award, and Yogi Yarborough earned the outstanding member award.
The AMA opened its convention with Dr. Eugene Ogrod, 27, as the first intern delegate in the House of Delegates. He and Dr. Neville Connell of Michigan were chosen to represent the nation’s 50 000 interns and residents, amid calls for reform to give young doctors a voice in medicine policy.
McCord and four others were arrested on charges of attempted burglary at the Democrats' Watergate offices. McCord, a retired CIA security chief, paid by the committee, reportedly ran a private security firm. Bail set at 30 000 for McCord and 50 000 for each of the others. police found burglar gear and electronics. Dole stated McCord worked for RNC but not on their behalf or with consent.
Moscow radio urged the United States to halt military actions against North Vietnam and resume talks in Paris while pledging continued aid to Hanoi. Podgorny met Xuan Thuy and Le Duc Tho in Hanoi after a trip cited by Tass, as Kissinger prepared for talks in Peking and Shanghai on broader U.S.-China normalization and Vietnam issues.
Edith Irving and her husband Clifford Irving plead guilty to grand larceny and conspiracy to defraud McGraw Hill out of 765000 with a phony Howard Hughes autobiography. Clifford faces two and a half years in prison plus a 10000 dollar fine while Edith receives two months and a two year suspended sentence with a 10000 dollar fine. Baroness Nina van Pallandt testified she was with Irving in Mexico during the interview for the hoax manuscript.
William Masters and Virginia Johnson Masters told an AMA gathering in San Francisco that a wave of demand for sexual counseling will overwhelm medicine in the next two to three years. They said public comfort with sexual issues is rising faster than professional readiness and urged acceptance of sex as a natural function.
Wachovia Realty Investments trustees meeting in Roaring Gap, North Carolina, declared a 66 cent per share dividend for the third quarter ending May 31, payable July 28 to holders of record July 7. Q3 earnings rose to 67 cents a share, up six cents from a year earlier. Nine months earnings were $2.00 per share versus $1.68 prior year.
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