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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Sep 16, 1971
Page
2
Blue chip stocks eased while the Dow Jones 30 fell to 902.75 at noon. The AP 60-stock average slid to 330.1 as advances edged declines and most sectors showed little activity amid a cautious market awaiting Nixon policy clarity after the freeze.
The New York Stock Exchange indices show mixed movement across sectors. Utilities and transportation listings hover around recent values with slight gains and losses noted in several industrial sectors and bonds.
President Nixon planned to back the draft-extension bill before a Senate vote, signaling defense strength concerns. A White House aide said Nixon might personally telephone some senators before the tabling motion led by Senator Gordon Allott. Senator Stennis warned the bill’s fate would worsen if the tabling motion passes.
NASD quotations show representative inter-dealer prices around 11 a.m. with changes possible as markets move. Listed percentages reflect bids and asks for firms such as Amer. Furniture 9 10 and Life of Carp 1 2, among others including Pub. Serv. of NC 11 and M.C. Nat. Gas 14, without retail margins.
Richard Sargent, a 15 year veteran writer producer and manager in television, becomes broadcast director at Behrends Harwell Henderson. He previously served as general manager of WCTI-TV New Bern and worked at WRDU-TV Durham WGHP-TV High Point HP-TV WIS-TV Columbia. He is a Gastonia native with degrees from Georgia and South Carolina and will move with wife Suzanne Yeager to the Triad area.
Snelling and Snelling of High Point Inc ranked in the top 25 of 550 offices nationwide. The firm rates offices by monthly placement quality and quantity, with the High Point location noted as the highest in its trading area. The office has operated since August 1964.
Robert P. Atkins named vice president marketing at Indian Head Hosiery which makes pantyhose and stockings mainly under the Fruit of the Loom brand. He comes from International Playtex where he led marketing for bras and girdles and has held roles at Mars Incorporated Beacon Company and Procter and Gamble.
G Allen Mebane president of Unifi Inc announces a $3 million expansion to the textile plant in Yadkinville. The 54 000 square foot facility will house about 100 workers and mark the company entry into warp knitting. A texturing plant began operations in Yadkinville in August.
London AP reports Britain drafted a compromise plan to bring the United States and trading partners closer to resolving the international monetary crisis. Chancellor Anthony Barber would present middle ground proposals at a Group of Ten meeting, including modest currency revaluations and a smaller dollar devaluation, plus urging cancellation of the 1 percent import surcharge.
William Aycock former UNC chancellor testifies to the Joint Committee on Higher Education urging a central state board to coordinate sixteen state colleges and universities while preserving local campus control via campus presidents and trustee boards. The plan contrasts with Gov. Scott and Duke president Terry Sanford proposals for broader consolidation and timetable.
Viet Nam infantrymen said they killed 49 North Vietnamese and Viet Cong in the Mekong Delta fight near U Minh forest. A senior American NCO was killed by a stray round while riding in a helicopter. initial reports of high ranking officers aboard were denied.
A medical team examined more than 500 inmates after the Monday return to cells claiming beatings. Dr Lionel A Sifontes said many showed bruises but could not confirm causes. Gov Rockefeller planned talks with congressional leaders in Albany as the administration backed his actions.
U S Senator John V. Tunney and Representative Shirley Chisholm are slated to speak at the 11th annual Democratic Women of North Carolina convention in Greensboro October 1 2. Chisholm will address a noon luncheon October 2. Tunney will speak at a 7 p m banquet October 1 introduced by Governor Robert Scott. Margaret Harper of Southport presidents the group.
A statement asserts no public route is announced until a secure right of way is obtained. The note emphasizes prudence in advance plans and adherence to lawful access procedures.
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