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High Point Enterprise in High Point, North Carolina

22 Jun 1970

Page 2

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Jun 22, 1970

Page

2

Market Dips After Penn Central News Halfway Reverses

The Dow fell 5.21 to 715.22 as Penn Central's transportation division filed for bankruptcy. Declines outpaced advances on the NYSE about 3 to 1 with rails among the hardest hit and traders citing psychological pressure from the announcement. The AP 60 stock average slid 3.0 to 239.5 with notable movers including International Telephone, Telex, General Tire, Polaroid, and Texas Instruments among others.

MENTIONED IN THIS ARTICLE

Carole Martin NEW York (Ap Penn Central New York Stock Exchange Transportation Division Southern Pacific Southern Railway Santa Fe International Chesapeake & Ohio Richard Scruggs Goodbody & Co Associated Press International Telephone Telex General Tire Polaroid Texaco American Stock Exchange Deltona Potter Instruments Tenna Corp Digital Equipment Mad Fd Asanvox BurlNor Burrghs Maratha Varcor Cal Finani Martinm Carter W CastleCk Cerro Monsan NEW York Ches Ohio ea _ Montaw E Exchange Chimil Spp Mor-Nor Va Sains Motorola Chrysler Nat Airlin Arklgas AtlasCorp Barnes Eng Collins R Nat Fuel Brascan Ltd Coloinist Nat Genl Chilern CBS Colu Gas Dixilyn Corp Ve Equity Newberry Felmont Yi Newmat Frontier Air Norofikwst Yi Norrisind Cooperin Nongas Ase Tl Corp CPC Intl NoStaPw Kaiser In CrouseHind Yj Northrop Lee Ent CrowCol NwstAirl McCrory Crown Cork Norton CronZell NortSim Statham Syntex Va Delta Air Owens DillonCo Pac Pet PacPwl Pact&t Panh EP duPont Parke Davis Dug Lt PennDix Dyna Am V2 Ae PaPwLt Gastihe Lin PermzUn EasKodak la Eg&g Phelps D Ates E!pasong Phila FI Wtra Cp Philip Morr Phill Pet Pupscol Fair Hill Fansteel Inc FedDeptStra FMC Co Ralstonp Ranco Inc Aytheon Yee Reviow GAC Cp ReynMet SAF Corp ReynTeb Gam Sko RoanSe Gannett Rohr Co GenDynam Royccola Elec RyderSys GenMet Schentey Schering AetmaLif Goodrich Scoa Ind GraceCo Shell Oil Eurney o'Aps AlliedCh lGrwnunit Va Signa!Co Ve Allis Chaim i Greyhound Smith KF SingerCo Alcoa GrummaCop Wa Ambac Southrn Ry Spartans ValHecla Mn Vel Sperryr Enkala Herc Inc Hiome Sa Squibb Vel St Brands Am Hosp Hoff Electra E Am Motors Homestice Houstlp Howmet Co StauffCh IdahoPw Stevens AMF Inc Ideal Bas A Amp Inc I Swift ingerRand Sui IBM Tampa Tektronix ArmstCk Vaj Tenneco T&t Lowe Bee Atlas Corp Texas Itek Corp Textron Aw & Avnet Ing Ailnn Thiokol TimesMir Ee Jewel Co Timken JonnMan John John Jon Logan Transmra A Beckman JoneLau Transitron BeechAr Joy Mig TriCont Nepe Trw Inc Bendix Val Kaiser al Ten Cent Aos UAL Inc Beth Katy Inc UMC Ind Boeing Co BoisCal UnOisCal Borden KimbClik UN Pac Cp Va BorgWar Eee Union Pacif Brist My Uniroyal Brit Pette Te Kraftcorn Unitaire Brunswa Unit Co BucyEr H Lear Sieg We Bank Remo Valus Incust SA _— Leh Val inc ae US PsyCh US Smelt Ib He Libofrd Wis Steel McNl Univopd Upjohn Ling TV Litton Lockheed Air Varian Asso Vendo Co Wsth Air Lie LVO Corp Lyke M— MackeCo Macy RH
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New York Exchange A P Stock Averages and Footnote Codes

Unofficial closing figures for the New York Exchange and A P stock averages with footnotes listing dividend and distribution codes. The glossary explains special dividends stock splits ex dividend ex distribution and related designations including new issues and warrants.

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New York Stock Index Update At Noon

New York market report shows the New York Stock Exchange index at noon with movements in industrial and transportation shares. Traders monitor utilities and finance sectors as prices fluctuated in heavy activity across blue chip issues.

MENTIONED IN THIS ARTICLE

NEW York Industrial ‘T Transportation Utility Aaaka Finance Agers
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North Carolina Restricts Open Burning and Sets Air Quality Goals

The North Carolina environmental board approves broad rules curbing open burning by more than 300 municipalities and limits smoke from fuel burning. The plan introduces ambient air quality standards for sulfur oxides and particulates and aims to complete county emissions inventories by September, with Duke Power sites already part of voluntary compliance programs.

MENTIONED IN THIS ARTICLE

North Carolina
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Dow Jones Averages and Stock Totals Report

Dow Jones averages show mixed results with 90 industrials, 20 transportation, 15 utilities, and public utilities figures listed. The report includes sector totals such as 136,823.05 for a metric and 77-008 grade rails with values like 0 and 65.78 across categories.

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Wednesday Group shapes Senate power via informal alliance

The article outlines the Wednesday Group in the Senate a loose, leaderless Republican bloc that wields influence beyond numbers. Members argue its strength lies in visibility and ideas not formal leadership while facing internal tensions and shifting loyalties.

MENTIONED IN THIS ARTICLE

House Senate Schweiker Hatfield Goodell Brooke Percy Case Javits Cooper Mathias Cook Saxbe Pearson Nixon White House White ‘House Republican Caucus Hugh Scott Pennsylvania Everett Dirksen Griffin Haynsworth Nee
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Vietnam Fighting Heaviest Weekend Since April

U S and South Vietnamese forces report their harshest weekend in over two months with rising enemy tolls. A major border withdrawal begins as two battalions of the 1st Air Cavalry move back across the Cambodian border. In Cambodia Kompong Thom quiets after North Vietnamese gains, while Binh Dinh sees the fiercest clashes in South Vietnam with 27 enemy killed and 8 on the Cambodian side. Helicopter losses push total to 3,387.

MENTIONED IN THIS ARTICLE

Saigon Vietnam Cambodia U.S Mekong Delta 1St Air Cavalry Division South Vietnam Kompong Thom Phnom Penh Takeo Binh Dinh Mekong A Shau
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Agnew Criticized as More Damaging Than Hanoi

Sen. George McGovern said Vice President Spiro Agnew’s conduct is disgraceful and perhaps more harmful to U.S. unity than North Vietnam. McGovern spoke on Issues and Answers after Agnew called McGovern Kennedy and others sunshiny defeatists at a Cleveland fundraiser.

MENTIONED IN THIS ARTICLE

Washington Spiro T. Agnew U.S North Vietnam George McGovern South Dakota McGovern ABC Agnew Cleveland Indochina Kennedy Sen Arkansas Lawrence O'Brien Defense Clark Clifford Paris Averell Harriman Cyrus Vance Vietnam
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Georgia Blacks Continue Boycott In Macon

Macon residents hear a continued boycott of downtown stores by the Macon Black Liberation Front. Spokesman Curtis Gassaway Jr says the protest persists over demands to hire more Black police and firefighters, street paving, recreation facilities, and ending police brutality. Mayor Ronnie Thompson drew criticism for an order to shoot to kill anyone burning looting or destroying property, a stance Gov. Maddox supports while state leaders call for restraint. No incidents were reported as picketing continues.

MENTIONED IN THIS ARTICLE

Curtis Gassaway Jr Macon Thompson Oliver Bateman Bateman Atlanta Georgia Maddox Augusta John Flynt Gassaway
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Sanitation Strike Talks in Greensboro with City Leaders

Striking Greensboro sanitation workers met with city officials after voting to continue the labor action. The union seeks 2.34 hourly wage amid a 2.10 offer while replacements and backup crews work. three packer trucks returned to service, and six new hires supported by supervisors with radios.

MENTIONED IN THIS ARTICLE

Greensboro Sanitation Department
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Also Mentioned on This Page

Stock Market Report WaUnion Whittaker WinnDix Xerox A.P. Stock NEW York Stock Index Ringelmann U.S. Bureau of Mines Knight Department of Health, Education and Welfare Tyrrell County Gaston County Duke Power Co Duke Power Duke Dow-Jones Brarely Marlow Cook Supreme Court Clement F. Haynsworth Jr G Harrold Carswell Byrd Congress Sam Rayburn Board of Education Lyndon Johnson Richard Jule Hanoi Macon, Ga Ronnie Thompson Sam Massell Lester Maddox Thomson Bill Burrow Burrow Tire Service Eastchester Remington Tires Call Now Gilbert H. Clinard Minneapolis, Minn Dahlberg Electronics, Inc Dahlberg AID Center Main Street High Point Harris Heating
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