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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Mar 03, 1970
Page
2
New York stocks show indecisive trading with the Dow at 781.09 as advances edge declines. Analysts note profit taking but holdout hope for lower rates on tighter money conditions and possible 7 percent lending.
The forecast calls for showers or thundershowers in the North Carolina mountains by evening spreading east tonight with overnight lows in the 40s to 50s, continuing Wednesday. South Carolina remains mostly cloudy with warm, rainy conditions, tonight and Wednesday. Virginia expects lows in the 40s to 50s, windy and warmWednesday with scattered thundershowers. Georgia sees mostly cloudy skies with showers and possible thundershowers spreading east tonight, cooler by Wednesday with highs ranging from the 60s to 70s and upper 60s in the northwest.
Forecast extends Thursday to Saturday with showers possible in the western sections. Cooler conditions Thursday and Friday with warming Saturday. Daytime highs near 50s in the mountains and 55 to 62 elsewhere. Lows around 25 to 30 in mountains and mostly 30s elsewhere.
The Noon market roundup shows a mixed session on the New York Stock Exchange. Utility shares trend higher while finance and industrial sectors trend lower amid modest overall activity.
The Senate opens a major civil rights debate over extending the 1965 Voting Rights Act. The House passed bill would five years renewal, broaden literacy test ban to all 50 states, and tighten residency rules for federal elections. A key fight centers on allowing the attorney general to sue over denied rights with Scott and Hart proposing a substitute that keeps nationwide literacy ban and residency standards.
White House adviser Daniel Moynihan expresses regret for using the phrase benign neglect to describe his plan to reduce public discussion of race issues. He warns the memo may have been stolen while civil rights leaders condemn the plan as dangerous and divisive.
In New York Georges Pompidou said he meant no insult by canceling a meeting with Paris Jewish leaders over the sale of war planes. He defended police actions in Chicago and noted the leaders were moderates while their followers disagreed.
Surgeon Max Cutler warned Congress that the birth control pill may be a potential time bomb with a 15 to 20 year fuse. He said protracted use by healthy young women poses hazards, though no conclusive cancer link yet.
Rising pork and beef costs affect consumers and farmers. Pork at slaughterhouses up 38 percent, retail pork 13 percent. Farmers’ share of meat dollar stays around 60s cents per dollar over decades. Middlemen feel rising costs. producers delay reentry as break-even points loom.
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