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High Point Enterprise in High Point, North Carolina

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Nov 10, 1971

Page

2

Stocks drift lower as investors stay on sidelines

Investors remained on the sidelines amid lack of motivating news as the Dow Jones 30 fell to 836.23 at noon. Declines outpaced advances on the NYSE while traders awaited guidelines on Phase 2 of wage price controls and noted mixed moves in Shell Oil and other majors.

NEW York New York Stock Exchange Cost of Living Council Shell Oil Jersey Standard Indiana Standard Texaco Associated Press Collins Rad Microdot CBS Colu Gas CmbEn MobilOil Mohas Monsant Comsat Montdut Aerojet MorNor Connatg Motorola AO Indust MtFuel S Ark Best Air Lin Mtstatt Arklgas Conti Corp Nabisco Val Atlas NatAirin Barnes Eng Nat Can Brascan Natcashr Buttes Gs Oil Cowles Com Certron Cp Cox Cinerama CPC Nat Indust Creolep Ve CronZell Va NewPow Newberry Essex Chem Fed Resrees Newmat Frontier Air Dan River Yel Ning MP Gen Plywood Norfolk Giant Vel Norris Ind Gt Basin Pet U Husky Oj Mi Deere Co Noamrk Hydromet Delta Air NoStaPw Instrum Sys ITI Corp DetEdis Northrop Jetronic Ind Diam Sham Nwst Air Jupiter Cp Disney NwtBanc Kaiser In Diversind Norton Kin Ark Corp NortSim Ling Tvat Dr Pepper Lafay Radio LoewsTheft Dressind Va OhioEdis Duke Pw Ve Okla GE Marshal Ind Va Oklangs duPont Olin Corp Mich Sug Duq Lt OKC Corp Eg&g Pacgel Ovormand Ind Es Eipason Va Pac Lig Ozark Airline PacPetri Permaner Emere Va Pac T&t Evans P PanAm Wair Ureserve Resortsind A Penn Cent Scurry Rain Penn Dix Statham Fair Ind Penney JC Va Syntex Fansteel Inc PaPwLt Technicolor Fedders Va PennzUn Ve Telepromtr FedDeptStr Pepsico Va Pfizer Firestone Phelps Viewlex Phila el Vikoa Inc Flintkote Phil Morr VLN Corp Phill Pet Wilshire Ye FlaPwLt Yates Ind FMC Cp Ford M FreepMin GAC Cp GAF Corp ACF Ind Siva Ralston P Ranco Inc GenMills Wa Reading Co Va Reich Ch Arizona la YelGen Tire Ib Ep RepubStl Alcan Geneseo Revion GaPacif le Reyn Ind Alleg Cp Goodrich Ve Ryder Sy Alcoa Goodyr Va — Am Ambac Grace Grant A&p West West Finl Greyhound San Felnt Gulf Oil ScherPlg SCM Corp Am Hosp Gulf Wn Scoa Ind A MiCix GifWnind Scott Pap Am Motors At&t Hecla M T&t Signal Co AMF ‘Inc Heublein Singer Co AMP Inc Sony Co Ampex Corp HoernWal South Co Eae Homestice Armie Sd Honywil Richfid St Brands Atlas Corp Idaho Pw Kolisman Avco Corp Ideal Bas StOiCal Mprl Stern Stevens Beckman StudWor Swift Co Benguet Iowa Beef Tampa Telex Co Orden Jewel Co Tenneco BorgWar JohnMan JohnJon Jostens Va Texas Inst Bucy Er Rudd Co Bulova W Et Mantoe Textron Va Bunki Ramo KalsAlum Thiokol Burl Ind Kange Thrift Dr BuriNor Katy Ind Kennecott Todd Ship Cadence Ind Kerr Va Camp Sp Krafico Kresgess M * Kroger UAL Inc Wm CartWal UMC Ind CastieCke UN Carbide CaterTr Learsieg TriCont Levitz Furn UN PacCp Cerro Cp UN Unit Air CessnaAir UnitCo Ches Ohio Littonind Sot ChiMil Spp Lockheed Air US Indust Univ Univ Cptr SM Clark LukenSt ClevElitt LVO Corp Uejohn CocaCol Lykes Yngst Varian Assoc Colg Pal M—M VendoCo Vaeipw Macke Co Macy RH WachCo Marath NM A Mar Mid Martin M Lela Weyerhs Meylag Whirl Co White Motor Q— Mead Corp Whittaker Memorex C Merck Viele Xerox Cp Zale Corp

Board yet to settle pay impacts of wage freeze rulings

Discussions show no specific cases decided and no legal force yet. The board will meet at 2 p.m. Thursday to turn policies into binding directives, with months possible to finalize. Existing pay practices will be honored after the freeze. retroactive and merit raises remain unresolved.

Court Hears Henderson Defense in My Lai Case

In a court martial at Ft Meade, chief American advisers to South Vietnam say no sources hinted at a civilian massacre by U S troops in My Lai. Witnesses May Keating and Gavin testified they would have dismissed atrocity reports as Communist propaganda if received.

James A. May Henderson My Lai May Donald R. Keating Revolutionary Development David C. Gavin Son Tinh

Governors debate school desegregation policy at regional conference

Governors Wallace Nunn Williams Carter West Scott Dunn Moore Hall convened in Georgia to shape a unified federal policy on desegregation. Vote abstentions and committee actions marked the discussion as Wallace and Williams floated resolutions while signaling possible 1972 presidential plans. The gathering, ongoing since daybreak, remained low-key with key figures weighing tentative paths forward.

Mandel George Wallace Alabama Louie Nunn Kentucky John Bell Williams Mississippi Jimmy Carter Georgia South Carolina Bob Scott North Carolina Winfield Dunn Tennessee Arch Moore West Virginia David Hall Oklahoma Wallace John West Louis Ferre Puerto Rico T.e Georgia Jer

Dow Jones Averages Mixed As Markets Show Modest Moves

The stock market sections report mixed moves with the Dow Jones Industrial Average near 4836 while several groups like Transportation and Utilities edge lower. Bonds show small gains in high grade rails and utilities with muted changes across sectors.

Ini Tecenees

New York Stock Exchange Noon Market Update

A fragmented AP summary reports the New York Stock Exchange noon index figures with industrial and finance sector movements. The report notes fluctuating rates and overall market mood during trading hours in New York.

NEW York Stock Index NEW York New York Stock Exchange Fedent Market Rate Index

Temporary Foreign Aid Subject of House Vote

The House faced a vote on a temporary foreign aid measure as the Senate pursued a smaller aid program. President Nixon urged continued aid and warned against halting mutual assistance, while leaders balanced advancing regular bills with a looming Nov. 15 expiration.

Washington House Senate Nixon New York Chicago Nixo United States Congress William P. Rogers Rogers Secretary of Defense Melvin R. Laird

Mansholt and Borlaug Clash Over DDT Policy

Dutch Europe agriculture chief Sicco Mansholt challenged Nobel laureate Norman Borlaug's defense of DDT and pesticides at FAO talks. Mansholt urged less persistent chemicals amid concerns over environmental impact, while FAO and WHO reiterated support for continued, judicious DDT use until safer substitutes are available.

Rome Norman Borlaug United States Europe Sicco L. Mansholt Netherlands Common Market Borlaug U.N. Food and Agriculture Organization Mansholt U.S Clifford Hardin FAO Chief Food Organization World Health Organization

Senate panel grills Rehnquist and Powell nominees

Witnesses attacked William Rehnquist on civil rights and Bernard Powell on education subsidies. Clarence Mitchell and Joseph Rauh questioned Rehnquist while Rep. John Conyers urged rejection, citing constitutional views and ties to the Birch Society.

Lewis F. Powell Jr Nixon Woodcock Rehnquist Joseph L. Rauh Jr Leadership Conference On Civil Rights Clarence Mitchell National Association For the Advancement of Colored People Matt Edward M. Kennedy D-Mass Mitchell Rauh John Birch Society Kennedy Powell Phoenix Birch Society Arizona James C. Eastland D-Miss The Eastland John Conyers Jr Dmich Congressional Black Caucus Conyers

Court Elections Challenged In North Carolina

A Republican challenge to North Carolina Superior Court judge elections will be heard November 19 by a three judge federal panel. Judges are district nominated but statewide elected, a system Republicans claim discriminates against them. The suit, filed February 4, 1970, was brought by Jim Holshouser.

Greensboro North Carolina Jim Holshouser

Also Mentioned on This Page

Stock Market Report American Exchange Carole Martin Harry F. Rosenthal NEW York Exchange A.P Rails Util Fgn Dow-Jones Warren Court William H. Dodds UAW Citizenship Department Richmond Henry L. Marsh III Virginia State Board of Education High Point Enterprise High Point Enterprise, Inc Church Avenue High Point N.C Ward-Griffith Company National Advertising Representatives Twin Oaks North Main St
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