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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 14, 1971
Page
2
Stocks on the New York Stock Exchange under pressure as declines outpace advances two to one. Analysts cite lack of Phase 2 economic plan details and doubts about new measures' effectiveness in reviving the market.
A brief table explains stock dividend terms and ex-dividend dates. It defines annual disbursements, special or extra dividends, and the meaning of declared or paid stock dividends with references to ex-dividend values and distribution methods.
The administration aims to extend authority to cover interest and dividends as a backstop, though it says no current plans exist. Treasury Secretary Connally urged partisan support for Nixon's Phase 2 economic program, dismissing doomsayers as critics argue Phase 2 lacks permissible standards from the pay board and Price Commission.
Thieves broke into the Fallston Union Trust Co. branch, rifling the safe and about 30 safe deposit boxes. Entry came through a rear window. an outside alarm box was immobilized and wires cut. The safe was opened with an acetylene torch and acetylene tanks were stolen. FBI and Cleveland County Sheriff joined the investigation after a 6:30 a.m. discovery.
Thomasville adds a 66 foot tower and antenna to the Davidson County Communications System. The 50 foot tower plus 16 foot antenna sit atop City Hall. Estimated total cost for new equipment and installation runs around 28 701 dollars with Lexington Denton and Davidson County contributing varied amounts. The system's total cost is projected at about 5 076 dollars for installation and one year maintenance with each unit sharing the expenses.
North Carolina legislators narrow a proposed UNC restructuring bill by removing local campus boards from certain powers and granting the statewide board control over nominations and key policy areas. The subcommittee backed changes to boost budgetary authority and prepare for a fall floor vote. Representatives discussed interim vs permanent boards and potential election of a full board in the next session.
The article profiles Judge Sylvia Bacon and several federal judges tied to Nixon era appointments. It notes Bacon’s Harvard Law background and push for a civil case moratorium to clear criminal dockets, while detailing Byrd’s conservative stance and Klan past, plus Paul H. Roney’s circuit court appointment and reform advocacy.
The Metropolitan Division of United Fund reported 55 percent of its $12 507 goal with pledges totaling 6743 30 dollars. Division chairman Bill Green praised volunteers and noted progress toward this year s target. The wider Trinity section reached 160 percent of its goal, up 200 percent from last year, with about 10 volunteers soliciting 750 small businesses.
Washington AP reports a 72 to 31 vote as Patricia Roberts Harris defeats Sen. Harold Hughes for the Democratic Credentials Committee chair. The fight centers on seating ex-officio delegates and shaping next year’s convention reforms amid party leaders and labor opposition.
FT MEADE Md AP a general who lost a star and his career testifies as a witness Col Oran K Henderson the only officer brought to court martial on charges of concealing the My Lai massacre Koster once commanded the U S Military Academy at West Point and was demoted after his My Lai related actions His testimony centers on his push for a formal investigation and the investigation sequence involving Henderson Barker and documentation issues expected to continue next week with the government nearing its case conclusion.
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