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Newspaper
Danville Register
Location
Danville, Virginia, United States of America
Date
Oct 12, 1976
Page
3
A dense market page tracks numerous stocks and mutual funds with fluctuating values. It notes activity in Harvester and Fidelity funds, Universal Leaf and Congoleum groups, and several banks, brokers, and tobacco firms, outlining shifts in prices and notable movements amid a volatile session.
BEW Tobacco Corp raises wholesale prices on major brands Viceroy Kool Belair by cents per pack with premium De MauTier up over 2 cents. Vending and retail firms expect costs to rise for consumers, possibly by a nickel per pack due to processing limits.
Congoleum proposes 32.50 a share for Universal Leaf stock as it plans to shed lines and focus on higher return assets. Universal Leaf earns strong returns, with 15.6 percent net worth yield in the year ended June 30 and sales of 725 million.
Five children died in a Monroe Georgia house fire kept under investigation with authorities noting likely arson. Fire Chief Aycock cited possible mistaken house targeting and two gas cans found outside the residence. The Thom as family mourns with Mrs Thomas hospitalized and Mr Thomas in ride.
A federal judge in Orlando postponed ruling on a defense motion to dismiss a perjury charge against former Sen. Edward J. Gurney. Judge George C. Young said he would decide before jury seating Tuesday, amid arguments that a key witness lied in a prior Tampa trial, potentially affecting the retrial. Prosecutors cited that IRS records were not available to the criminal division at that time.
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