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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Sep 30, 1971
Page
2
Wall Street showed a steady uptick with the Dow Jones 30 adding 3.95 to 887.78 at noon as advances outpaced declines two to one on the NYSE. The AP 60-stock average rose 1.0 to 323.5 amid a bargain hunting mood after a recent slide with metals down and chemicals mixed.
NASD quotes represent inter-dealer prices around 11 o clock. Markets change through the day and these figures exclude retail markups markdowns and commissions.
Secretary Ro gers and Egyptian Foreign Minister Mahmoud Riad discussed pursuing an interim Mideast settlement. Riad warned against a temporary pact becoming permanent, urging Israel to accept the Jarring plan while noting its limitations.
The New York Stock Exchange shows indices around midday with the Industrial index at 40.27 and the Transportation index near 40.19. Utility and Finance sectors are listed with modest figures in the AP summary.
The Senate backed a 27.5 million withdrawal for the Main Battle Tank project. Debate touched on a Fulbright bid to drop a UN embargo provision with Rhodesia, which failed earlier. Administration forces also defeated attempts to scale back Navy F14 production and the Safeguard ABM system amid arms talks context.
F Gordon Lindley and J Larry Peters of Life of Carolina earned Life Office Management Association fellowships in Los Angeles Calif They join about 4500 others since 1924 when the LOMA Education Program began Lindley is administrative vice president Peters is vice president of the group division Their tenure with the company is over five years for Lindley and nearly three years for Peters.
Fi at Dealer Southern Chrysler Plymouth of 901 S Main St has been made a Fiat dealer. Bobby L Green president of the company announced. Fiat Motor Co of Italy is a major global firm with sales in 146 countries and a wide range of vehicles and industrial equipment.
Gov. Bob Scott said hurricane Ginger had caused no severe damage in the state as winds were moderate and rain fell. He drove to the storm area to inspect civil defense, visited a New Bern shelter where refugees were cared for and noted people were calm and well fed despite power outages.
An armada of U.S. and South Vietnamese helicopters ferried 2,000 South Vietnamese troops into sieged bases near Tay Ninh and Krek as rockets hit Thinh headquarters nearby. Six refugees died and about a dozen wounded when rockets struck a refugee village outside the base. Base defenses and air attacks continued along Highways 22 78 and 7 with several bases besieged but supplied coast to coast.
New York shipping officials and labor leaders discuss a government backed plan to avert a midnight dock strike. The proposal would place 18 000 longshore workers under direct employment ties, potentially halting a nationwide deepwater work stoppage. Taft Hartley injunctions loom as talks focus on expiring contracts for 45 000 dockworkers and minimal exemptions for military shipments.
Washington AP negotiations between the United Mine Workers and Bituminous Coal Operators Association edge toward a contract deadline with no settlement in sight. Officials warn of possible strikes in 20 states as wage and fund issues remain unresolved amid a federal wage price freeze and uncertain post freeze policy. UMW President Boyle pushes for higher daily wages, larger welfare and retirement fund benefits, and other gains.
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