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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 09, 1972
Page
2
Trading on the New York Stock Exchange saw declines in the noon averages as investors fled on news of mining of North Vietnamese harbors. Bluechip issues led a late rebound while IBM Kroger and Clorox moved with volume heavy for the hour.
NASD inter-dealer prices as of about 11 a.m. reflect representative bid and ask levels. Markets update through the day and do not include retail markups or commissions.
Senate and White House clash over Nixon action with Mansfield calling it a risky gamble while Hartke accuses it of lawless conduct. Antiwar protests plan a week of demonstrations leading to nationwide rallies as lawmakers debate conditions for troop withdrawal and prisoner releases.
In North Carolina, Bowles leads Gardner but fails to win a majority, triggering runoff pressure. Holshouser claims the primary ends Gardner’s myth as the strongest vote getter, while Lt. Gov. Taylor considers a runoff decision amid ongoing campaign dynamics and state election timing.
AP report shows Noon trading with the Dow Jones Industrial Average down 0.40, Transportation and Utilities slipping as the market indexes lean lower. The overall index stands around 58.64 with a 0.37 drop and other sector figures mixed.
Alton Stanford announces Ginny Hutchens joining the residential sales team at Smithdeal Realtors Gallery of Homes. A High Pointer since 1957, she has completed various real estate studies and lives on Country Club Drive with her two sons.
Safety award goes to J. L. Darr & Son of High Point for third place in building division for less than 100000 man hours without a disabling injury at the Associated General Contractors Convention in Houston.
Washington AP The Selective Service System announced orders for about 9 000 men with lottery numbers 1 through 35 to report to the Army in June. The move completes a prior call for 15 000 over April May and June.
The article analyzes U S and Soviet options amid a quarantine and port mining near Haiphong. It notes Seventh Fleet presence, potential Soviet responses, Nixon's rail cut strategy, and the mix of Soviet and Chinese arms aiding North Vietnam. It also questions port block efficacy on South Vietnam's prospects.
The president combined disclosure of the toughest military orders with a softening of peace terms offering to withdraw U S forces within four months after POW release and ceasefire begins. Demonstrations erupted on campuses while Republicans praised the action and Democrats called it dangerous. U S planes mined North Vietnamese ports as Nixon urged public support to end the war and win lasting peace.
Israeli forces killed two hijackers and wounded another as 97 hostages were freed from a Belgian plane at Tel Aviv Airport. Army said 18 soldiers in white Sabena overalls burst the craft, opened fire, and no passengers were hurt.
Vietnamese and Viet Cong leaders accuse Nixon of issuing an ultimatum and demand immediate halt to the war and serious negotiations. Hanoi pledges continued resistance for independence, freedom, and peace while warning Soviet ship shipments risk being sunk by mined ports.
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