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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 06, 1972
Page
2
American Exchange reports broad market advance with the Dow Jones industrial average up 5.26 to 959.81 at noon. NYSE leaders outpaced declines two to one as gains spread through mail order retail, farm implements, electronics, airlines, tobaccos, building materials and drugs while other groups mixed.
A glossary style list outlines various dividend actions and stock distributions including annual rates, liquidating and stock dividends, ex-dividend dates, and related terms for 1971 and 1972. It covers declared or paid dividends, cash values, and special cases such as stock-only distributions and warrants.
Inter-dealer NASD bid and asked quotations as of about 11 a.m. reflect representative prices. Markets fluctuate during the day and the figures exclude retail markdowns and commissions.
North Carolina Attorney General Robert Morgan asked the IRS for names of in state corporations ordered to pay taxes on illegal 1968 campaign contributions. He said he would prosecute violators under the Corrupt Practices Act. IRS officials would not name firms. The law carries a three year statute of limitations.
Britannica notes Florence Nightingale, age seventeen in 1037, heard a divine call likening her to Joan of Arc and later devoted herself to nursing the sick, with events dated 1244 in the account.
The noon stock index listing shows mixed movement across sectors with modest gains in Finance and Industrial shares. Transportation and Utilities hover near flat, while overall market activity appears subdued at midday.
Bernard A Heeke of High Point is named vice president and trust officer and manager of the High Point trust department after three years as Chapel Hill trust officer. James C Carlisle, Greensboro loan officer, becomes vice president. Mario Dell Amico of Charlotte, a High Point College graduate, rises to assistant vice president in International Department.
Robert A. Gaither is appointed vice president in charge of the Mortgage Loan Department and C. Ronald Christmas is named assistant vice president and trust officer at First Citizens Bank and Trust Co. Gaither is a Statesville native and 1961 High Point College graduate who comes from Carolina National Mortgage Investment Co. and previously Jefferson Standard Life Insurance.
An explosion at the Triangle Refinery in DeKalb County killed a loading clerk Eugene Smith about 30 and injured 12 others. Four residents were hurt and eight firefighters collapsed from heat and smoke as three 1 million gallon tanks burned. Damages exceed 4 million dollars and evacuations were carried out with families housed in a high school.
The San Diego Sun and Union recount allegations that ITT aide Edward J. Gerrity and Rep. Merriam pressured Mrs. Dita Beard to write a memo tying ITT convention underwriting to an antitrust settlement. Beard denies writing the memo and says she remembers parts but not the published wording.
A Harrisburg jury unable to decide on the key conspiracy count in the Philip Berrigan case returns six guilty verdicts on related charges. The panel finds Berrigan and a nun guilty on seven counts involving prison letters but cannot agree on the alleged plot to kidnap Kissinger and destroy federal buildings. Bail for the remaining defendants remains, with possible retrial under consideration by the government.
A federal appeals court ruled Billy Cunningham cannot play for any team other than the Carolina Cougars until October 1974, enforcing a three year contract starting October 1971. The court overturned a lower court finding of unclean hands and breach by the Cougars, allowing the injunction for Cunningham’s exclusive ABA employment.
An unidentified speaker claims U S involvement in Saigon limits and Viet Cong offensives underreported. She accuses Nixon of suspending the Paris peace talks for arrogant reasons and closing the door to negotiations while advisers remain on the front lines.
The cups anchoring a star fish can endure a pull exceeding 100 pounds for a short period.
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