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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Sep 16, 1970
Page
2
Stocks rebounded around noon as the Dow rose 2.39 points to 752.94 amid heavy trading. Analysts cited improved investor psychology and reluctance to abandon the market at the 750 level, despite ongoing concerns from international and domestic news including the GM strike.
Defense Secretary Melvin R. Laird says current unemployment and other temporary economic problems are beneficial as America shifts from war to peace. He spoke Tuesday night while accepting the second annual Statesmen in Medicine award from the Airlie Foundation, urging realism in facing health education and welfare issues.
A Canadian fishing ban on Lake St Clair and rising mercury levels in water, fish, and birds are linked to a broader U S contamination scare. The FDA reports mercury used as a cosmetic preservative in rare products though no poisoning cases are confirmed.
Sky City Stores Inc headquartered in Asheville reports six months ended July 31 sales of 12,354,765 dollars, up 30 percent from last year. Net earnings total 287,902 dollars, a 12.3 percent rise. The company opened new stores in Mauldin South Carolina and Greeneville Tennessee in the past month.
Leonard M Josey vice president has been transferred from the district to the High Point Office of First Union National Bank.
Cambodian commanders at Phnom Penh weigh canceling the first major push against Communist forces as reports say a large North Vietnamese Viet Cong unit moves toward the rear. The operation, 50 miles long toward Taing Kauk and Skoun, faces increased risk of being cut off with possible heavy casualties reported in Taing Kauk.
In New Orleans police shot four Black suspects during a gun battle at a grocery store near Black Panther headquarters. One man was killed and three wounded as authorities said the store was targeted for a firebombing after a day of unrest.
A speaker urged students to stand up to defend higher education in America arguing it cannot be saved by government. He warned against blaming government for university woes and said even if wars ended the moral crisis in colleges would remain. He criticized labeling protestors as a small minority whose voices drown out the majority.
North Carolina five major natural gas companies warned they may curb new service and briefly cut gas to commercial and industrial customers on peak demand days if winter is as cold as last year. The State Utilities Commission will review testimony and may issue curtailment rules.
Palestinian guerrillas holding 54 hostages from three hijacked airliners demand swift government action. Spokesman Ghassan Kanafani says releases will be exchanged for prisoners, while Britain Switzerland and West Germany seek a deal. Israel rejects any exchange while talks stall. Negotiations with the hostages and mediators remain fruitless.
Mrs. Clara Zink Zimmerman of Route 10 Lexington died at 10 30 p m Tuesday at Cloverdale Church Home High Point Survivors include a daughter Graydon Johnson of 1614 Eastchester Dr High Point two grandchildren three great grandchildren and one sister Boyd Ward of 1214 Guilford Ave High Point Graveside services will be at 3 p m Thursday at Mt Olivet United Methodist Church Davidson County The family will be at Vogler Funeral Home Winston-Salem from 7 p m to 9 p m today
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