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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Sep 01, 1971
Page
2
The noon Dow Jones average climbed to 902.31, up 4.24, as investors bargain hunted after earlier profits. The AP 60-stock average rose to 328.7, with industrials up 1.5, rails up .9 and utilities off .1. Airlines metals utilities farm implements and mail shares were mixed, rubber issues declined.
A deciphered financial notice outlines stock averages for 1971 and 1979 plus dividend actions. It notes declared or paid dividends and stock splits, with references to U.S. securities and foreign issues under applicable acts and district rules.
Four labor groups and Boston police Catholic University professors filed suits in Washington contesting the 90 day wage price freeze. They argue the program causes irreparable dislocation and delays pay raises for government employees while the Justice Department defends the inflation curb effort.
House Democratic Leader Hale Boggs urges swift action on trade legislation to clear the path for new international relations. He cites Nixon's wage price controls and fears of a growing trade war as Congress reconvenes September 8 to address extending authority and broader economic policy.
The Vatican report quotes Pope Paul VI assigning blame to the suspension of civil liberties by the Northern Ireland government. He says this has worsened the clash among Roman Catholics Protestants and British troops amid the unrest in Northern Ireland.
New York stock index figures show mixed results with brief listings for industrials and finance sectors. Prices like 54.67 and 40.15 appear alongside other figures, indicating a fluctuating market in this AP brief.
Saigon reports the Oct 3 presidential vote will proceed with Nguyen Van Thieu as the sole candidate after the Supreme Court barred Vice President Cao Ky from the ballot. U.S. diplomat J. William Bunker failed to secure a multi candidate race. General Minh denounced Bunker’s role as foreign influence.
Prime Minister Edward Heath rescued a teenage boy and girl after their overturned racing dinghy left them adrift Sunday while Heath’s Morning Cloud yacht was returning home. The eight man crew aided the teens who declined to be identified, and Heath radioed to confirm they wished assistance.
Daily Only By Carrier Whly 60 cents Monthly 2.60 or 31.20 Mail subscription in North Carolina subject to 3 percent sales tax. The Associated Press rights outlined. Second class matter at High Point Post Office under Act of March 3, 1879. Carriers and distributors are independent contractors. The High Point Enterprise is not responsible for advance payments. Contact Ward Griffith Company for home delivery rates.
Morgan meets with white rights group at the Capitol on the first day of Wilmington desegregation under a court order. He says busing plan for about 2,000 students is federal, not state, and offers help appealing the plan while avoiding state action.
North Vietnamese gunners fire over 550 rockets and mortars along the DMZ while U S forces respond with land sea and air bombardment into the southern DMZ. Six South Vietnamese troops are wounded with no American casualties reported. U S bombers land guns howitzers and three 7th Fleet ships join the action.
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