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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Mar 24, 1972
Page
2
The Dow Jones industrial average stood at 943.41, down 1.28, with mixed moves across sectors. Banks raised prime lending rates to 5 percent, signaling higher borrowing costs as oils declined and overall market breadth narrowed after a prior sharp gain.
Harry S. Dent told a Southeast Republican women’s conference in Atlanta that the South can deliver the margin needed for Nixon’s re election. He said polls show Nixon ahead and the region provides the extra Southern support amid a national race. Dent, from Columbia, urged strategy to secure a Nixon victory.
In Harrisburg Pa defense presses for acquittal after 64 witnesses. They challenge the conspiracy claims in the 1970 Kissinger kidnap plot and attacks on government property. Prosecution says evidence is overwhelming. FBI witnesses finish testimony. finger print links and letters tied defendants to raids and tunnel schemes.
Beaucatcher Mountain will be cut open rather than adding a second tunnel, says Ralph Bartlesmeyer deputy administrator of the Federal Highway Administration. He adds that federal participation is possible but funds depend on North Carolina priorities and timetable.
Woodcock announces resignation after an UAW executive council meeting in Detroit. He denounces the wage price control program as scandalous and unfair, saying it failed to curb inflation or reduce unemployment while profits soar. The Labor Department reports a 0.5 percent rise in living costs, the highest since the August 15 freeze.
A nondenominational meditation and prayer room is set off the Capitol rotunda in Washington D C. The blue decorated space features a white oak altar an open Bible ten seats and two kneeling benches.
Noon trading shows mixed results across sectors with slight declines in Market and Industrial indices. Transportation and Finance edge higher while Utilities dip, reflecting modest overall market movement.
North Carolina plans a trip in late March and early April as Jackson and Muskie with Hubert Humphrey and George McGovern target Ohio's May 2 primary. Wallace sits out this contest while Jackson aims to position as an alternative to the Alabama governor. Both oppose forced busing and advocate strong national defense. Other May 2 events include Indiana 76 delegates, Tennessee 49 delegates on May 4, Nebraska 24 on May 9, and West Virginia 35 on May 9.
A Penn Central freight train hit a Clarkstown school bus at a private crossing in Congers Rockland County near Nyack at 7:55 a.m. Three youths were killed and about 30 injured as the 83-car Weehawken to Selkirk train struck the bus broadside. Firemen and bystanders described a grisly scene with twisted metal and scattered belongings.
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