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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 07, 1971
Page
2
American stock prices pulled back from sharp early gains but stayed higher in heavy trading. The noon Dow rose 1.61 to 902.16 as gainers outpaced losers three to one on the NYSE, with many block trades signaling active institutions. One big block was 108,800 Planning Research shares at 16, down 1.0.
An AP summary outlines noon prices on the New York Stock Exchange with high, low, last figures and dividend notations. It explains common dividend terms and symbols used in the table, including ex-dividend and stock dividend conventions and special or extra payments.
Democratic Sens. Symington and Eagleton and Missouri Gov. Hearnes endorse Edmund S. Muskie, boosting his bid as the leading 1972 Democratic convention prospect. Hearnes seeks the vice presidential slot, with Missouri slated to provide 73 delegate votes.
New York stock exchange noon index report shows mixed moves with slight gains and losses across sectors. Industrial shares edge higher while transportation and utilities show modest shifts amid ongoing market activity.
British troops and guerrillas exchanged gunfire across the border between Northern Ireland and the Republic early today. The clash followed a surge of shooting bombs and rioting in Belfast, with 10 explosions recorded in 10 minutes. Soldiers pursued two men after spotting a package behind a Middletown customs post. gunfire from across the border prompted a return volley. There were no army casualties.
House discussions focus on phosphate in laundry detergents and risks to children. Consumers urged to assess local eutrophication and choose substitutes when needed. EPA studies to locate vulnerable water regions amid manufacturing firms resisting changes. Industry tests note nonphosphate options can match cleaning power, while some substitutes like NTA were banned after health concerns emerged.
The Senate Finance Committee opened hearings on a 15.4 billion tax cut bill after House passage as President Nixon seeks to revive the economy. Chairman Long questions Phase 2 details, while noting the bill’s impact favors business over individuals and warns of possible floor amendments.
The House approved a bill detailing estimated income tax due for 1971 1972 and 1973 across income levels from 5 000 to 20 000 with standard and itemized deductions. The tables include married with and without children and show tiered tax amounts for various income ranges. It also lists poverty level exemptions next year under the bill with a poverty based taxfree amount and present vs bill figures.
The House faces a two thirds vote on a constitutional amendment granting women equal rights. A rider by Rep. Wiggins would exempt women from the draft and allow states to keep sex based laws, drawing sharp debate with Rep. Griffiths pledging to oppose if approved.
Newsday reports that Charles G. Rebozo, a close associate of President Nixon, benefited from favorable terms when the federal government bought Florida land in 1969. The Army Corps of Engineers noted possible special treatment and above appraisal payments, with Rebozo securing higher prices on two parcels after negotiations through an attorney.
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