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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Sep 04, 1970
Page
2
Stocks rose at midday with the Dow up 3.69 to 768.96 as advances outpaced declines nearly 3 to 1. Gains spanned rubber, farm implements, aircraft, utilities and building materials amid expectations of improved economy and easing finance concerns.
Market figures show a broad array of stocks with prices and daily changes. Notable names include AMBAC Am Hess Chrysler CocaCola Goodyear and Texaco among others, with varied gains and losses across industries.
The page lists Dow Jones averages by sector and index figures with values for noon Friday, showing daily changes and comparisons to the previous day, month ago, and year ago. Sectors include Railroads, Utilities, Transports, and Industrials with price levels and percentage changes.
Utica police and state authorities hunted a car believed to carry one of four youths linked to the Wisconsin lab bombing. Dwight Armstrong 18 identified himself to Little Falls officers as one of the suspects. warrants name Leo Burt 22 Karleton Armstrong 22 and David Fine 18.
Woodmen of the World Camp No. 1320 Archdale Unit outlined fall projects at a Thursday meeting. They plan to sell candy for Halloween and fruit cakes at Christmas and offer free wheel chair, walker, and crutches to area residents. Schools in Archdale Trinity Allen Jay area seeking flags should contact Leo J Hill or T C Talbert. Next meeting is a dinner at Brinwood Restaurant on Sept 17 at 7 pm.
Charles Wagner chosen as manager of the Thalhimers Mall store in High Point after a long career with the chain. He has held múltiples roles since 1948 including Danville and Durham stores, Greensboro downtown, and Greensboro downtown merchandising. He succeeds Robert Torres Jr. Bill Burchfield named assistant manager at Westchester Mall store, after serving as men's department manager since 1968. He resides at 425 Janice Ave in High Point.
Phillips-Fescue Corp. posts year end June 27 1970 sales of 5 555 249 up 15 percent from 1969. Net income 218 994 or 48 cents per share versus 189 097 or 42 cents. Growth mainly from 75 000 additional square feet of manufacturing space completed in November 1969 at the High Point plant.
Alfred P. Chamie was elected national commander of the American Legion in Portland. The 54 year old former vice president and general counsel of the Association of Motion Picture and Television Producers said his first act would be to appoint a special committee to press for the release of American prisoners of war held by North Vietnam.
John William Humphrys, 58, a British electronics engineer, was charged in London with threatening to kill Jacqueline Kennedy Onassis and demanding more than 3 million dollars in a kidnap plot. He was ordered held without bail pending a jury trial next week at Guildhall Court after allegedly sending a letter to John Newnham, Onassis shipping agent, promising to kill the widow of President Kennedy.
The Labor Department reports August unemployment at 5.1 percent, the highest in five years, with 4.2 million jobless. The total workforce shrank 700,000 while 300,000 fewer workers left the jobless count, reflecting a broader economic slowdown and reduced hours.
The Agriculture Department may drop a special milk program that costs over 100 million dollars annually as Congress renews authorization. President Nixon previously opposed the program and urged funds to go to regular lunch and child nutrition efforts. Officials say a final decision has not been made and no money is being earmarked yet.
Cameron South Carolina faces gradual integration as Billy Outlaw notes his three white children are the only white students among 800 black pupils in public schools. Some whites moved to private schools or neighboring districts while Outlaw sees no personal or business disruption and attributes it to change they acknowledge.
The Justice Department seeks orders to halt interference by about 300 white students’ parents in Talladega County Alabama. It asks a Birmingham court to compel eight parents to stop pressuring three schools in Munford Alpine and Lincoln under court desegregation orders.
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