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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Mar 26, 1970
Page
2
New York markets retreat from Wednesday’s surge as the Dow Jones industrial average sits 1.25 points higher at 791.38 at noon, while the 60-stock average edges up 0.3 to 279.2. Ford slips 1% after announcing temporary plant closures.
Afternoon prices on the New York Stock Exchange show varied movements among numerous listed companies. Notable figures include Amgen, Air Line, Amoco, Pfizer, Philip Morris, Procter Gamble, and Penn Central, with fluctuating highs and lows and several half to full point changes.
The Associated Press lists noon stock prices with figures for Aerojet Am Petr Ark Best ArkLGas Alamera Oil and others. Numerous entries show percentage changes and values, reflecting trading activity and market shifts as of midday.
The stock markets will be closed tomorrow in observ ance of Good Friday. Local brokerage firms also will be closed. The local firms and the stock market will operate Monday on the usual schedule.
North Carolina shows a mix of showers and thunder showers ending tonight with lows in the 30s to 40s and a cool Friday. South Carolina stays partly cloudy and cooler with coastal showers ending, and Friday turning sunny and cooler. Virginia ranges from patchy showers to fair, with highs in the 50s and southeast near 60, while Georgia clears but turns cooler with 60s Friday. The extended outlook for North Carolina calls for fair Saturday and a chance of rain Sunday into Monday with cool highs in the 50s to 60s and cold mornings.
Ronald D. Savas will move to NCNB National Division on May 1 to oversee management recruiting and will travel across about six midwestern states. He joined NCNB in 1968 after earning an MBA at UNC Chapel Hill and holds a Citadel civil engineering degree. He previously worked as design engineer and chief report writer at Wm. F. Freeman Inc. and as a financial analyst at IBM. He is married to Peggy Kepley of High Point.
U S District Judge James B McMillan eased the Charlotte-Mecklenburg desegregation timetable allowing school officials to implement the busing order next fall rather than this term The move aims to reduce disruption while higher courts review the case NAACP lawyers commented but declined to discuss the new order The Charlotte Mecklenburg system serves about 85000 pupils and the appeal to the Fourth Circuit Court of Appeals in Richmond continues with a hearing set for April 9
Dr. George Hay Brown, Census Bureau director, says mail-back forms yield better counts where housing data is accurate. Five tests show 67 to 91 percent return rates, with about 85 percent for short forms and 75 percent for long forms. Short forms go to four fifths of households, long forms to one fifth.
A fringe researcher named Hudkins argues that many diseases and social problems stem from women holding power in the home and society. He endorses tighter gender roles, cites the Bible, and praises Nixon era welfare reform while calling for women to be kept in their place. His provocative stance mirrors Moynihan era analyses and drew startled reactions from officials observing early press attention.
A friend of Madame Pompidou, wife of the French president, refused to pay a $3.25 bill for a cup of coffee in the Orly Airport VIP lounge outside Paris. The incident highlights tensions over charges in high security transit areas.
Police officer H. G. Smith was injured when his motorcycle swerved to avoid an automobile in the 300 block of North Main Street around 11:30 am. He was taken to Hi Point Memorial Hospital with injuries not yet determined.
Senator Birch Bayh proposes recommittal to win GOP votes and pressure Nixon’s nomination for the high court vacancy. The 13 to 4 committee vote backed Carswell, with Republicans split and some leaning against the administration. Democratic opposition climbs as Sen. Jackson joins against.
Treasury Secretary David Kennedy told the North Carolina Citizens Association in Raleigh that the prime rate cut to 8 percent by major banks marks the end of inflationary psychology and may take six months or more to ease consumer prices. About 1,000 attendees, civic and business leaders, heard the remark.
The High Point Industrial Management Club and the All America Youth Club of the High Point YMCA are selling Easter orchids. Over 600 orchids have already been sold, according to Dan Hackney. Orchids will be available for pick-up Friday 10 a.m. to 5 p.m. and Saturday 8 a.m. to 5 p.m.
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