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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Mar 17, 1972
Page
2
The Dow Jones Industrial Average rose 5.04 to 941.75 while the broader market lagged. Interest rate moves by two New York banks shifted perceptions, easing pressure on the dollar. Seaboard Coast Line shares dipped as other sectors showed uneven gains.
The afternoon stock averages show Dow Jones and bond averages with daily changes. Figures include noon readings for major indices and sector breakdowns such as natts ind util fon. L. a and Net change. Includes prior day week month and year comparisons and high low values for 1970 1971 1972 periods.
Stock averages across sectors show gains with Indus up 5.04 to 941.75 and Transp at 259.53 up 0.07. Utilities rise to 115.61, Bonds edge higher, rails and utilities also noted with varying small gains.
Italian Maoists accused police and the U S Central Intelligence Agency of killing Giangiacomo Feltrinelli, the leftist publisher of Doctor Zhivago. Police identified the body from an explosion at a Milan power pylon as Feltrinelli, 45, a millionaire who reportedly blew himself up while trying to disable streetcar power.
A glossary fragment defines 1972 stock dividends and ex dividend terms. It lists codes for ex dividend ex rights and related actions such as sales in full, distribution dates, and warrants status along with bankruptcy or foreign issue tax notes.
Wachovia Realty Investments trustees announce a quarterly dividend of 65 cents per share for the second quarter of fiscal 1972 ending Feb 29. The payout is due April 28 to holders of record April 7. Net earnings reach 2.236 million for the quarter, or 67 cents per share.
Sen. Henry M. Jackson denounces Nixon bid as unconstitutional and warns of a potential future Congress eroding the Bill of Rights. Jackson supports a constitutional amendment to bar busing for racial balance, while Sen. Hubert Humphrey says the proposals offer little new and opposes blanket compulsory busing.
The New York Stock Exchange market index at noon shows a modest advance with a 10 cent rise to 60.04 while rail and utility shares rise slightly and finance remains steady. Industrial and transportation sectors show minor gains as trading continues.
A western Mecklenburg County bridge near the Gaston line was damaged by an electric blast on Thursday night. Four of six 18 inch girders were mangled, shaking buildings over a mile away. The Sallys Bridge spans Backsnake Road near the Southern Dyesstuff Co. and will remain closed until state inspectors assess the damage.
Local notice outlines daily and monthly carrier and mail subscription prices, subject to 3 percent sales tax. States AP rights for local news and dispatches. Notes second class mail status in High Point North Carolina and that distributors are independent contractors. Includes contact for home delivery rates and advertising reps.
Observances proceed with parades and green displays but muted by Northern Ireland violence. New York and Boston parades include black armbands and protests. Irish relief drives urged for Northern Ireland civilians. Masses and sermons set by Cardinal O Boyle and Cardinal Conway. Quirky town tributes appear in O Neill and Lookingglass with green paint and a kazoo chorus.
President Nixon outlines a federal equal opportunities plan to curb desegregation barriers. The proposal links aid with desegregation efforts, allows limited busing, raises federal funding for at risk districts, and sets penalties for discrimination while delaying a constitutional amendment.
Grayson criticized Agriculture Secretary Earl Butz for statements damaging the stabilization program. He said farmers should make the same economic sacrifices as others and rejected any special catch-up, noting inflation as the game's aim.
Acting Attorney General Richard Kleindienst faced special hearings after urging response to Anderson's claims of impropriety by Justice Department officials in the ITT settlement. The committee approved his nomination to succeed John Mitchell 13 to 0, but full Senate action stalled due to hearings. Abeil testified ITT officials did not know documents would be destroyed or that the memo would be published or that they would need to produce records.
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