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High Point Enterprise in High Point, North Carolina

02 Nov 1970

Page 2

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Nov 02, 1970

Page

2

Stock Market Mixed as Traders Weigh Election Outlook

The Dow dropped 0.13 to 755.48 at noon while the AP 60-stock average stood at 256.4 down 0.1. Trading was slow and mixed with oils and chemicals down and steels and motors up as analysts cited election uncertainty and typical Monday listlessness. Major movers included Telex rising to 23% and Gulf Oil up to 29% while Century Electric fell 3% to 27%.

MENTIONED IN THIS ARTICLE

NEW York New York Stock Exchange Associated Press Telex University Computing Natomas Gulf Oil General Electric Amex Systems Engineering Syntex Century Electric Milgo Electronic Comsat Vamonsco Motorola Weststatt Aerojet Nat Airlin Vel Brascan Ltd CrowColl Chile Yo Nat Steel Ve Dillard Dixilyn Corp Cosa New Pow Jalectin DanRive Newberry Equity Co Niag MP YelGen PI Delta Air Dillon Co NoStaPw IT Corp Disney Northrop Kaiser By Th. Diversind Nwst Airl Lee Ent Domem NwtBanc Newldria Mn DowChm Norton NewPark Mn Dressind NortSim East Air Lin Olin Corp Uniess Ise Divi- Easkodak la Omarkio Annua Eatonia Otis Eley Echlin Mf Eg&g Va Owen Cg Evans P Pac Pet Pacpwl Pact&t Fair Hill Penn Cent Elie PennDix Firesine Penney JC Bain PepsiCo Pfizer FMC Cp Ve Phelps D FoodFair FordMet Philip Morr FreeptSul Pitney Warranst NEW York (Ap GAF Corp Gam Sko Publicind Com- Gannett Puebloint Questor AlliedCh Gillette Reich Ch AlliedStr Glen Alden Republic Allis Chaim Se Global Marine RoanSel Airlin Granitec Rohr Cp Roy Ccola Gt A&p Greyhound Safeway GrummnCp Gulf Oi Sandars Hattiburt Scheri Schenley Ms Am Ltd Harris Int At&t SCM Cp T&t Hercine Sbclind Scott Paper Inc AMP Inc Honeywi SignalCo ArmcoSt Househf SinnerCo Armour Houstlp Val Smith How South Co Eeeee Idaho Pw Sou Pac Seeee Ideal Bas Southrn Avco Cp Imp Sperry R INA Cp IngerRand tOllind Beckman Stolinj Beech Air Bendix SterDrug Studew Jewel Co John Man John John Tampa el Jon Logan Tektronix Teledyn Ve Brunswk Jone Lau Telex Corp Va Tenneco Katy Ind Thiokol Burrghs Enncott TimesMir Va Kerr Mc Timken KimbCik ToddSho Ve Cadence Ind Koppers Cal Finani Kraftco Transmra Kresge SS Transitron Kroger TRW Inc la CerrierCp Carterw Twen Cent CastleCk UnOilCa Cert-teed Ligg My UN Pac Cp CessnaAir Ling TV We! Union Pacif Ches Ohio Littonind Uniroyal ChiMil Spp Lockheed Air UnitAirc Wa Chipneyt LoewsThea UN Brands Chris Cft Lonescem Chrysler Lucky St US Indust Lukens St LVO Corp Va A LykeYng US Steel C Pal Itn Univity Cmp MackeCo Macy RH Colu Gas WarlLam Wsitn Air Lin Wn Banc We Mead Corp
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Bankers Influence Case Ties GOP Hold Bill to Campaign Donations

Lawmakers accuse bankers of using funds to sway regulatory action on the holding bill. Rep Wright Patman cites a broad donor base from National Bank of Commerce to U S National Bank of Oregon as a probe into bank campaign contributions continues. Williams Byrd aides deny receiving the funds while most cited lawmakers say they would reject such contributions if offered.

MENTIONED IN THIS ARTICLE

Wright Patman D-Tex House Banking Committee Patman Senate Justice Department Department Coun Congress National Bank of Commerce Memphis Portland Ore Sen. Williams Harrison A. Williams D.C Williams Harry F. Byrd Jr Dva Senate Finance Committee Byrd Bill Chappell Jr D-Fla Nick Galifianakis Chester L. Mize R-Kan Leonor K. Sullivan
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New York Stock Market Noon Update

AP reports midday activity in New York stocks with minor changes across major indices. Prices show small declines and marginal gains among key shares while investors monitor market momentum.

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Galifianakis Denies Campaign Funds From Bankers Group

Rep. Nick Galifianakis of North Carolina denies receiving any campaign funds from the Bankers Political Action Committee for his race against Republican Jack Hawke. The DOJ said it will probe the apparent contribution as lawmakers debate a bank bill. Galifianakis says he never took funds from any group seeking his vote and ordered his treasurer not to accept conditional contributions.

MENTIONED IN THIS ARTICLE

Washington Galifianakis Justice Department Wright Patman D-Tex House Banking J and Currency Committee
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Polish observer killed at airport attack shocks world

A Polish witness described police overpowering the driver after he shouted anti communist slogans. Victims included Wolniak, 48, photojournalist Mohammed Yasin, Mohammed Ashraf of Pakistan Information Ministry, and security official Chaudhri Mohammed Nazir. Spychalski arrived from Lahore for the tour’s final stop. Pakistan Airlines said the truck rested near the plane to stock galley and remove catering. A Pakistani inquiry was set by a Supreme Court judge. President Yahya Khan expressed sorrow for the tragedy at the airport.

MENTIONED IN THIS ARTICLE

Wolniak Mohammed Yasin Mohammed Ashraf Pakistan Information Ministry Chaudhri Mohammed Nazir Poland Spychalski Lahore Pakistan International Airlines Supreme Court Agha Mohammed Yahya Khan
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Poll finds Americans rate news media favorably overall

Newsweek and Gallup report most adults praise newspapers news magazines radio and TV while remaining skeptical. Per medium ratings range from 75 percent for weeklies to 62 percent for newspapers. overall TV and print top 65 and 60 percent respectively with 42 percent agreeing with Agnew on media criticism.

MENTIONED IN THIS ARTICLE

New York Newsweek Magazine Gallup Spiro T. Agnew Nixon Washington
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Five-Seven dance hall blaze claims many lives

Officials including Secretary of State Jacques Baumel investigate a deadly fire at the Five-Seven dance hall where padlocked doors and inward swinging turnstiles hindered exits. Survivors report possible causes of the blaze as a short circuit or cigarette butt. By Sunday night 78 victims identified by personal effects, with most dead French and several nationalities among the injured.

MENTIONED IN THIS ARTICLE

Jacques Baumel Dominique Guette Raymond Chaniel Daniel Bellemin Five-Seven
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Black protest planned over Nutbush reopening in Henderson

In Henderson North Carolina blacks plan a protest and Black Monday rally against the Nutbush Elementary reopening amid charges of resegregation. The action follows recent walkouts at two high schools and bus service suspensions after 13 arrests.

MENTIONED IN THIS ARTICLE

Henderson N.C North Carolina Virginia Nutbush Middleburg Leon White North Carolina-Virginia North Carolina-Virginia Committee For Racial Justice
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Navy Buddies Recall Nixon as Poker Pro in WWII Service

Former Navy comrades who served with Richard Nixon in the South Pacific remember him as a sharp poker player who once bluffed a commander for 1,500 dollars. Life magazine recounts Nixon as diligent and serious minded, with a habit of cigars and a noncommittal look, and notes a Duke Law prank where he and two students entered the dean’s office to see their grades.

MENTIONED IN THIS ARTICLE

NEW York Navy Richard M. Nixon South Pacific Life Magazine James Udall Nixon Udall
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Book Fair Slated At Immaculate Heart Church

The Immaculate Heart of Mary Catholic Church will sponsor a book fair on Tuesday from 3 to 4 p.m. and on Wednesday from 3 to 5 p.m. and 7 to 9 p.m. Educational books and games will be sold.

MENTIONED IN THIS ARTICLE

Immaculate Heart of Mary Catholic Church
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Also Mentioned on This Page

Stock Market Report American Exchange David Burke NEW York Exchange A.P. Stock Ind Congressa Dow-Jones Maarten NEW York Stock Index Montgomery SEARS ST TO Ces Book Fair Yf Music Co North Elm Greensboro Raleigh & Durham Annie Shaw Nco Joseph P. Shore Superior Court of Guilford County Greensboro Record James G. Exum, Jr 18Th Judicial District Joseph P ariveKe Shore James G. Exum Jr Superior Court
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