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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 29, 1971
Page
2
The Dow up 10.07 at 826.66 at noon as gains persist on optimism over a Rome Group of 10 monetary settlement. Traders cite higher October indicators, Phase 2 policy hopes, and back-to-work orders ending dock strikes as positive signals for profits next year.
The New York Stock Exchange shows varied moves with several blue chips and utilities advancing while industrials retreat. Investors monitor price changes across Amex, Dow components, and key techs as net gains and losses shuffle the board.
Mounting business concern stems from higher buying power and planned investments, while currency realignment hopes fade. In Rome, finance ministers discuss permanent remedies as the 10 percent import surcharge lingers and experts warn of prolonged protection.
A.P. stock averages compiled by the Associated Press show figures for Rails Util stocks and related indices. Noon values, day prior, week ago, month and year figures chart ongoing market movement with multiple line items and fluctuations.
Market brief shows varied Dow Jones averages across industrials utilities transport and rails with no clear leader. trading midday figures display slight shifts from prior day while bonds and indexes show modest changes and year ago levels in a compact market note.
Robert E. Proctor assistant vice president in NC National Bank Greensboro region grows to commercial loan review officer in the commercial loan division. He will oversee credit reviews in the Triad Region including Greensboro Winston Salem Burlington High Point Thomasville and North Wilkesboro. Proctor joined the bank in 1957 and has led the Greensboro area credit department since last December.
Six knife wielding prisoners were captured and four hostages freed at Raiford State Prison after an escape bid. An emergency squad of about 20 guards entered a hospital ward by removing a rear door hinge and seized the inmates without injuries. Prison officials reported improvised knives Molotov style bomb and threats to blow up the hospital ward oxygen tanks but the guards moved in to prevent further violence.
Noon report from New York shows the stock index at 4644.71 with industrial shares and transportation sectors in focus. Utilities and finance sectors are listed with notable movements.
Lady Amalia Fleming, widow of Sir Alexander Fleming, arrives in New York from London to urge an end to American aid to Greece. She says foreign aid cutoffs could force the Greek junta to fold as she prepares to testify before the Senate Foreign Relations Committee in Washington this week.
Sen. Jacob K. Javits urged pension reform during the White House Conference on Aging opening session in Washington. He warned private plans often lack employee security, while fellow lawmakers urged elderly unity and nursing home improvements as 95 meetings convened across four downtown hotels.
Ballistics tests show Ronnie Simmons of Columbia S C was not killed by police bullets amid a gun battle with officers at the Middlesex County Girls Vocational School auditorium. Accompanied by two companions, Simmons and the others fled after state troopers were shot on the New Jersey Turnpike. Simmons and the two men, John Edmunds 23 and Gary Owens 19, were later taken into custody.
State Property Officer Carroll Mann outlines a 525000 project next year to restore the State Capitol to its original condition. Exterior work includes replacing a leaky copper dome and possible structural checks while interior plans call for plaster patching repainting and new carpeting. Modern conveniences will be added carefully to preserve the building’s historic style.
Jodrell Bank officials report Mars 2, the Soviet unmanned spacecraft, appears to be in Mars orbit after signals picked up by Sir Bernard Lovell’s radio telescope. Mars 3 is expected to arrive soon as Western scientists speculate on further surface missions.
Raleigh events open Culture Week with Roanoke Island Historical Association meeting. Music Day Assembly by Federation of Music Clubs. Also on schedule are the 45th North Carolina State Art Society meeting, 31st North Carolina Society for the Preservation of Antiquities, and 71st North Carolina Literary and Historical Association gathering. Friday features awards for Sir Walter Raleigh Mayflower and Christopher Crichton Memorials.
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