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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 18, 1970
Page
2
The stock market fell broadly in dull trading as momentum waned from Tuesday’s late gains. The Dow moved to 756.50 with a 3.97 drop, the AP average down 1.3 to 258.8, and widespread losses across motors, rubber, electronics, utilities, chemicals, airlines, and drugs.
A garbled market update shows Dow Jones Averages and stock figures with figures like 145.87 decline and a 242,501.51 total, mentioning bonds and railway grades. The text is fragmented with misread words but indicates transport utilities and public rails context.
A brief AP style note reports New York Stock Exchange index movements with unclear wording mentioning industrial, transportation, and utility sectors and finance data. No clear figures or company names are provided in the readable text.
The American Stock Exchange issued noon prices showing mixed results across listings. Stocks such as Aerojet Am Petr and Camp Chile posted gains while others like Dynalectin and Kaiser Industries posted modest declines amid a broad trading session.
Gov Scott said Bowles request is valid but timing is wrong as a committee could be formed only after the General Assembly session starts, when existing committees can handle the matter. Bowles called for a panel of experts to conduct a study.
Consumers Union lists cap guns dart games and toys including Etch a Sketch Winnie the Pooh mobile and Suzy Homemaker grill as dangerous. National Commission on Product Safety cited shattered glass covers high surface temps and dangerous casting sets as risk factors cited by Kaplan.
A deadly booby trap killed five U S soldiers from the 196th Brigade as they advanced 42 miles southeast of Da Nang. Across the border, South Vietnamese forces pushed into northeastern Cambodia in two drives, claiming hits on North Vietnamese bases and seizing supplies while reporting dozens of enemy casualties.
The piece notes Darvon as one of the world’s top selling drugs and cites a NAS NRC panel findings that 65 to 100 mg doses often outperform placebo while 32 mg often matches it. A 1970 JAMA article questions superior analgesic value, attributing success to salesmanship rather than intrinsic efficacy. Navy Capt Lawson comments on ongoing purchases.
The Sharon Tate murder case adopts a joint umbrella defense with four attorneys sharing helm and witnesses. Squabbles persist over tactics and client separations but the team says they remain united for the umbrella strategy as trial enters its 23rd week.
Senator Strom Thurmond proposes a rider to the Federal Food Stamps Act to bar strikers from federal food assistance. He cites the General Motors strike as proof workers refused to work and sought welfare aid, arguing taxpayers subsidize nonworking individuals.
First Citizens Bank and Trust Co. opens its Westchester Drive office in the Zayre Shopping Center on Thursday at 9 am. The new branch offers full banking services and features two drive in windows and five teller stations. Grand opening runs through Wednesday November 25 with prizes including height in half dollars for adults and bicycles for children 12 and under.
North Carolina Farm Bureau delegates at a three day Raleigh convention urged repeal of the two cent per pack cigarette tax and backed raising the state sales tax from 3 to 4 percent with revenue distributed by county population. They also want tobacco warehouses restricted to two days sales on the floor and public posting of floor space reservations. B C Mangum was re elected president for a 12th term with Marshall W Grant named eastern vice president. other VP posts re elected.
LeRoi Jones, in a Johnson a Smith University talk to Black students in Charlotte, urges involving the middle class Negro in militancy for a total community revolution. He defines black nationalism as self rule and self determination, not segregation or Africa-return.
Three Warren County schools reopen with heavy patrols after a weeklong closure amid racial unrest. Police used tear gas during a march, 12 arrests reported, and a 6:30 p.m. to 6:30 a.m. curfew remains in effect. The boycott call and related protest led to the arrest of attorney P T Clayton, later freed on bond.
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