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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Sep 14, 1970
Page
2
The market closed with mixed gains as technology and energy shares led advances while consumer staples slipped. Traders watched corporate earnings and inflation data for direction, with the Dow and S&P 500 edging higher and the Nasdaq retreating slightly.
The Dow Jones average fell 6.02 points to 755.82 at midday amid broad declines with only steels motors and electronics showing mixed movement. Analysts cite sagging investor confidence from last week and looming risks including Middle East tensions and a possible General Motors strike as factors shaping the downbeat mood.
A series quotes purse snatchers and robbers to illustrate their methods and fears. It argues there is no guaranteed security and suggests common sense routines to deter crime, noting that behavior varies with alcohol and drugs. The piece previews further reading from the book On Guard.
A dense market snippet lists A P Stock Averages and sector groupings including Utilities and Industrials. It references bonds and rail grades, with figures such as 4s 2b ns and various numeric codes, indicating a catalog of price levels and categories in a periodic stock digest.
Vanessa Redgrave reflects on her marriage to Franco Nero and says they found a real relationship only while collaborating on films. Tony, her ex-husband and director, notes they reached genuine rapport during joint projects.
Dr Arthur L Levenson Burlington Industries professor of economics and business administration at UNCG will speak to the Greensboro Area Chapter Society for Advancement of Management at the first meeting of 1970 71. The event at Sedgefield Country Club occurs Thursday Sept 17 at 630 PM with a talk titled Moratorium on Motivation.
The Lane Company Inc of Altavista Virginia declares a quarterly dividend of 25 cents per preferred share with a record date of December 15 1970 and payable January 1 1971 12 cents per common share with a record date September 21 1970 payable October 1 12 cents per common share with a record date December 1 1970 payable December 15 1970
Cambodian forces suffered 20 dead and more than 60 wounded as they failed to retake key ground along Route 6 near Kompong Thom after a heavy 400 mortar barrage and ground assaults. Government and Communist losses were tallied at about 20 enemy dead and 200 more wounded or dead carried away.
Twelve year old Ruth Smith reunites with her parents at Kennedy Airport ending a week of fear after being released from a hijacked Trans World Airlines jet from Zurich. She recounts bus ride to Amman and staying in shelters as gunfire echoed during the siege.
Senator Edward Kennedy denounces campus violence as aiding politicians of panic at Boston University in a Distinguished Lecture. He says turmoil on campuses fuels demagoguery and diverts funds from health care and teachers, urging students to act to end violence and protect rights.
High Point Chamber of Commerce directors will hear reports on re accreditation work by the Chamber of Commerce of the United States at a 4 p.m. meeting in the Chamber building. Seven committees have worked toward 1971 re accreditation with the Nov. 1 filing deadline noted by executive VP George Covington. President Howard Pancoast is expected to preside.
Timothy Leary, former Harvard psychologist and counterculture icon, escaped from the California Men’s Colony near Los Angeles. He reportedly fled after climbing a 10 foot fence or hitchhiking away, leaving behind blue denim inmate clothes found at a service station. His wife Rose and son John were sentenced with him but released earlier.
Officials from the Red Cross and Swiss government met for over three hours as a four nation hijack crisis committee discussed hostages. Vatican envoy Msgr Jean Rhodain met Popular Front leaders and called talks encouraging with another meeting planned. Libyan sources offered mediation between Palestinians and Western governments. Bonn rejected a proposed deal for release of two West Germans and an American husband. Hostages described relief at freedom and tense scenes aboard the planes. A former US Army intelligence colonel in Amman analyzed psychological warfare tactics.
All 103 public schools in Charlotte and Mecklenburg County opened under a desegregation plan that requires bussing thousands of pupils while an angry white parents group warned of a boycott. Attendance figures showed about 79 percent of the 84,000 pupils registered with only 90 percent expected as normal. The Concerned Parents Association questioned the count as some students stayed home in protest. The plan, ordered by U S District Judge James B McMillan in February, is under appeal to the Supreme Court with hearings set for Oct 12.
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