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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

Oct 08, 1971

Page

4

Nixon Phase 2 outline Spurs Modest Trading on Weakened Market

The noon Dow 30 fell 6.72 to 895.08 as declines outpaced advances about 3 to 2 on the NYSE. Analysts called the downturn disappointing but not unexpected after President Nixon's address, with concerns over how long government controls would last. Large blocks moved before noon including 244,900 Clark Equipment shares at 41 and 150,000 Greyhound shares at 23. The AP 60-stock average dropped 1.6 to 27.3 amid mixed sector losses.

Clark Equipment Greyhound Colline Rad Ve Colu Gas Monsant AO Indust Comwe Ark Best Comsat Arklgas Motorola Atlas Barnwel Ind Mtstatt Brascanlt Cont Corp Nabisco Iltut Certron Cp Va Cinerama Ve Natcashr Olxityn Corp Rd Cox Ic Rouse Hind Nat Steel CrowColl Frontier Air Natomas Uy Va Dan River Dart Ind NL Ind Norfolk Is IT Corp Dayin PL Deere Co Phil Norris Jetronic Ind del Mate DetEdis I. — Northrop Ve KI al Diam Sham Nwst Airl Disney Norton LoewsThe Pepper Nort Simon Marshal Ind DomeMns McCrory DowChm Milgo Electra Duke Pw OnloEdis Newldria Mn duPont Okla GE NewPark Mn Olin Corp Omarkin OKC Corp Otis Elev Ormand Ind Ve East Air Lin Easkodakia Ozark Airline S Eaton Owen Cng Owen Ili Bermaner Phoenix Stic Hi Eg&g Puritan Fash Penn Cent Penn Dix Isa Ve Fair Inc Ve Penney JC Firestne Pfizer Firestone Wi Phelps D Westates Pti Phila Et Wilshire Laf Yates Ind Ve Flintkote PritMorr Yonk Ra Se FlaPwlt Phill Pet Pitneyb Associated Press Puebdlo New York GAF Corp Pullman Gannett Questor Ralston P Va Raytheon RCA Rdg Bate Reich RepubSt AetnaSfe Revion Glen Alden Gettyo Rohr Cp Sy Roy Ccola AllegLud Gillette M E RoyDut Stroem Alcoa Gt West Fin StRegis P AMBAC Gtwaunit Vo AmHess Grn Grant Rey SanFeint Sreyhound Grummacp ScherPig AmBaest Gulf Oil M Corp Gustutil Scoa Ind Gulf Scott Paper Ameipw At&t Va Smith Am _ T&T AMF Inc Scar AMP Inc Hobidyinn Soucale South Co Ampex Corp Hongwil Soungas Southn Pac Apeco Cp Arch SouthrnRy IdahoPw StBrands Kolisman Richfid Atles Corp StOllind Avco Corp INA Cp STOMJ Sunil Ib Beckman SwiftCo BeechAir T&t Systron Bell How Bendix Jewel Sy Tampa el BenefiCp Tek Corp Tektronix As Teledyne Jewel Co Telex Cp JonnMan Tenneco Boeing Co Texaco Tex G Sul Texas Brit Pet Kktextron Brunswk Kaisalum Thiokol Bucy Er Ms Kan GE Thrift Dr Budd Co Kanplt TimesMir So Bulovaw Katy Ing Timken Aha — Bunki Ramo KayserRo Todd Ship Burl Ind Kennecott Burrgas KimbCik Val TriCent WI Trw Inc la Cal Finan Krico CampRik Kresgess UAL Inc Camp Sp Kroger UMC Ind UN Carbide Carrier LearSieg UN Elec Vwa— CartWal CastieCke We Lehpcem UnOilCal CaterTr Cenval Ind VW UN Pac Cp Uniroyal Air Erro Cp Lockheed Air Loews Corp Lone Starin US Steel Chris Craft Lonesga Univ Oil Kexva Se Longisti Univ Cptr Upjohn Va LukensSti LVO Corp Ste Varian Assoc Ve 'Lykes Yogst Ve 'Lykes Yogst Com 64 — Ve! VendoCo 9 11% 11% 1M —M—M— Vaeipw MackeCo Macy RH WarLam Washwp Magnvox WstnAir Marath Sle Maydstr Whirl Cp Maytag White Motor McGrah McDond Whittaker Williams Co

Nixon outlines wage and price control plan and rollback policy

Nixon says windfall profits are different and pledges to pass cost savings to consumers by cutting prices rather than imposing excess profits taxes. He confirms standby powers may not be used to curb interest and dividends and stresses reliance on voluntary cooperation with enforcement backed by courts. The plan splits the economy into three segments with pre announced standards by Nov 13 and board oversight to approve or reject increases.

Nixon The Price Commission White House Ple Nntion” Et Ee Board Py Uy

New York Stock Exchange Index Report

Market figures show mixed results across sectors at noon on the New York Stock Exchange. Industrials and transportation rebounded while utilities and finance edged lower amid the day’s trading.

NEW York Stock Index NEW York New York Stock Exchange Coscceces

West Coast dock workers ordered back to work by court ruling

Dock union leader Harry Bridges orders 15 000 West Coast longshoremen to return to work Saturday per a court order after Nixon invoked Taft Hartley. Nationwide strikes by 45 000 East Coast Gulf ports and 100 000 coal miners continue.

San Francisco Harry ‘Bridges Nixon East Coast Gulf Ports Puerto Rico United Mine Workers Washington, D.C West Coast Pacific Gulf Bridges International Longshoremen’s and Warehousemen’s Union

U N Dues Mentioned In Regard To Taiwan

U S officials link American funding for the United Nations to keeping Nationalist China in the UN. Rogers has discussed the financial angle with foreign ministers, warning reductions could hurt UN finances and U S relations. Officials deny it is a coercive tactic and argue Taiwan represents a viable nation with UN membership since founding.

New York US S China United Nations World Organization United States Taiwan U.S U.N William P. Rogers Nixon Washington America

North Carolina Foresees Lunch Price Increase After Freeze

Raleigh AP reports NC school lunch prices may rise for paying students after the wage price freeze ends. Ralph Eaton, head of the Division of School Food Services, says federal aid remains at six cents per meal, while free and reduced lunch reimbursement increases to 45 cents. Some districts may shift costs to paying students, though he believes schools can manage with tighter budgets.

Raleigh Nixon Congress North Carolina Ralph Eaton Division of School Food Services Easton Mixon

Seven Divorces Granted In District Court Session

Seven divorces were granted this week during the civil session of the District Court. Cases include Elaine S. Cole versus Herbert Hoover Cole, Bonnie Mae Phillips versus Kenneth Ray Phillips, Helen Caldwell versus James Ray Caldwell, Martha Fowler Gilliam versus Bruce Edward Gilliam, Sammie Lee Newman versus Jo Ann Jones Newman, Daniel O. Brumfield Jr. versus Lillian M. Brumfield, and James Wallace Weston versus Phyllis Elaine Skeen Weston.

Elaine S. Cole Herbert Hoover Cole Bonnie Mae Phillips Kenneth Ray Phillips Helen Caldwell James Ray Caldwell Martha Fowler Gilliam Bruce Edward Gilliam Sammie Lee Newman Jo Ann Jones Newman Daniel 0. Brumfield Jr Lillian M. Brumfield James Wallace Weston Phyllis Elaine Skeen Weston

Fall Festival Set At New Market

The New Market School hosts its annual fall festival on Saturday from 4 to 7 30 p m at the ball field with a flea market bake sale cake walk horror house horseshoe throw can ball fishing and grab bags. A hamburger steak supper runs 4 to 7 p m in the cafeteria with proceeds benefiting the PTA budget for school projects.

Sophia New Market PTA

Meat Inspectors Named In Bribes In Boston Indicted

Forty Boston area meat inspectors, three meat processors, and six company officials were indicted on bribery conspiracy and perjury charges relating to higher meat grades. The probe began in 1969 with FBI and Agriculture investigators. Penalties include fines up to 20,000 or triple the bribe value and prison terms up to 15 years. New inspectors will replace those indicted.

Boston U.S. District Cou U.S. Atty Herbert F. Travers Jr FBI Department of Agriculture Washington

Teachers Hear Talk On Union

In Charlotte the North Carolina Association of Educators leader said teachers gain more from a professional association than a labor union. Dr. A C Dawson urged independence and cited an AF of T meeting last month attended by about 50 teachers. He noted NCAE efforts for pay raises and continued advocacy with state officials.

Charlotte North Carolina Association of Educators A. C. Dawson NCAE Dawson American Federation of Teachers General Assembly

Also Mentioned on This Page

Stock Market Report American Exchange Carole Martin Dow Werrie Tex NEW York Exchange A.P. Stock TOCK Caoneotes Press Osens Ails Ind. Util Fon L.Y Dow-Jones ILWU Are- Bridges Trict Court Spencer Wil PMA Teamsters Union U.N. Dues High Point Enterprise High Point Enterprise, Inc Church Avenue High Point N.C Okly Ye Ward-Griffith Company National Advertising Representatives Travers Reynolds Securities Sheraton Hotel Hayden O. Kepley, JR Ann Whitley Winston- Salem Reynolds Securities Inc Wachovia Winston-Salem N. C
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