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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 27, 1970
Page
2
The Dow Jones industrial average rose 1.10 points to 775.81 with a mixed day on the New York Stock Exchange. Analysts linked the modest gain to carry-over momentum from earlier sessions and expectations of a possible discount rate cut by the Federal Reserve.
New York Exchange releases afternoon steel prices with figures for key grades. Market observers await further shifts as buyers and sellers gauge supply and demand.
A dense listing shows varied stock performance with percentages and tickers such as Coca Cola Crown Cork and Colginist. The fragment includes numerous figures and symbols, indicating daily market movements and weighted averages across multiple names and sectors.
The Associated Press bulletin shows Dow Jones averages with a slight decline and bond indices slipping modestly. Industrial and rail segments show varied movements as traders digest early trading data.
Noon stock quotes from the American Stock Exchange show numerous entries with last, high, low, and change figures for issues such as Atroie, AmPetr, AtlasCoro, Camp Chile, Cinerama, CreoleP, Dixilyn, EquitCp, Frontier Air, Great Yellow Pine, and Kaiser. The article notes that sales figures are unofficial and explains dividend notation and ex-distribution indicators.
AP dispatch from New York at noon shows mixed readings across sectors. The Industrial index sits around 46.27, Transportation at 31.26, Utilities near 97.22, and Finance around 5802 with small gains and losses recorded.
The Carnegie Commission recommends compressing higher education by letting high school seniors begin college work and trimming summers. Yale and Indiana University discuss new degrees in between bachelor and doctorate. Proposals aim to save 3.5 to 5 billion dollars yearly in costs, with tax implications.
North Vietnamese and Viet Cong forces press the assault around Phnom Penh while clashes rage along the Cambodian border near Krek and 23 miles southeast of Saigon. U.S. forces report no American KIA for a second day as government and allied troops struggle to hold key routes and a vital highway corridor.
Died at Oakwood Knoll Nursing Home at 2 p.m. on Thursday, Diza Hellen Bain, 92, of 1013 Albert Ave. Born November 17, 1878 in Randolph County, she married Amos M. Bain in 1899. Survived by three daughters, one son, ten grandchildren, nine great grandchildren. Funeral at 2 p.m. Saturday in Sechrest Chapel with burial in Oakwood Cemetery. Body at Sechrest Funeral Home. visitation tonight 7 to 9. Bearers listed.
George Staley Maness 53 of Route 2 died Wednesday in N C Memorial Hospital Chapel Hill after a long illness. He was a self employed brick mason. Survived by wife Ruby and seven sons Michael Glenn Christopher Gilbert Wendell Ben Jerry Maness, seven daughters Bernice Ritter Willie Thomas Ellery Chisolm Bessie Miller Priscilla Archer Ruby Glenda, eight sisters Mary Avery Ada Gaddy Bertha Brower Bessie Brower Betty Davis Ludella Letterlough Gracie Walker Geneva Maness, four brothers James R. Maness Roy Maness Bernie Maness Fro Maness. Body at Hargett Bennett Mortuary. Funeral arrangements incomplete.
Luther Shoffner Sr. 84 of Route 1 Alamance County native and former owner of Alamance Grocery United Cash Store and Alamance Sausage Co died Wednesday night at home. He served on the Alamance County School Board and belonged to Lowe s Lutheran Church. Survived by Sammie Snead Shoffner wife three daughters Mary Ruth Isley Margaret Reitzel Blanche Vance four sons Luther Colon Julian Burton L Shoffner Jr Vance Shoffner Billy Joe Shoffner three stepsons Edward Wilkes William H Wilkes Jimmy Wilkes a sister Maude Holt and brother Zebulon Shoffner Funeral at Lowe s Lutheran Church at 3 30 p m today.
Reports indicate U S auto sales through Nov 20 total 6 575 million cars, about 1 million fewer than 1959 levels with Ford General Motors and Chrysler all posting declines while American Motors remains in fourth place. Imports show a surge with 903 143 vehicles sold and Volkswagen leading the field at 430 340 units.
North Carolina 1969 death figures show heart disease as the leading killer for those 25 and older, while accidents claim more lives among the young. Total state deaths reached 44 854 with infancy causes including suffocation and congenital defects.
The company raised the last rate to $2,400 in 1970 and cites 16 years of waiting. Ryan notes inflation pressures and plans to spend $195 million on new construction in the next two years. He adds higher rates are needed to improve return and attract capital amid rising credit costs.
About 150 Indians protested the Thanksgiving myth by storming a Mayflower II replica in Plymouth Massachusetts. Roughly 25 climbed the ship’s rigging and removed its colors while a replica captain’s figure was thrown overboard. Police dispersed the demonstration as the 349th anniversary of the Pilgrim feast was noted.
Black Panther organizers registered delegates for a Revolutionary People's Constitutional Convention in Washington while a venue dispute persisted. Howard University initially refused a free hosting, demanding a down payment, and delegates proceeded to register at All Souls Unitarian Church as talks continued with university officials.
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