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High Point Enterprise in High Point, North Carolina

22 Apr 1970

Page 2

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This newspaper page contains 13 articles. Subscribers can read the full text of each article.

Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Apr 22, 1970

Page

2

Market drifts lower as first quarter earnings weigh on investors

The Dow Jones industrial average fell 6.41 to 766.10 by noon on light trading as weak first-quarter results kept investors on the sidelines. The AP 60-stock average dropped to 268.9, with widespread declines across steel, autos, chemicals, oils and tech names. Parke, Davis led NYSE activity after reporting 20 cents per share in Q1 earnings versus 43 cents a year earlier.

MENTIONED IN THIS ARTICLE

New York New York Stock Exchange Associated Press Parke, Davis Square D Zapata Norness Sun Oil Standard Prudential Levin-Townsend American Stock Exchange Memorex Xerox Avon Disney IBM Utah Construction Clorox Telex Computer Sciences Whirlpool General Cable Milgo Electronics Ecological Science Cinerama Four Seasons Babck Miner Bell How Boeing Co BoisCas Borden Jewel Co BorgWar Jonn Man Va —” Brist My JohnJhn Jostens Bank Ramo Ma —_ Joy Mfg Burl Ind Ie Buri Nor Burrghs Kan GE Kaiser al KayserRo Caroplt KimbCik Carterw Kraftco Koppers CastleCke Ches Ohio ChiMil Chriseft Litton Chiler Lockheed Air Citfin LongisLt CBS Colu Gas MackeCo Magnvox Maratha Marcor Inc Connatg Mar Mi Martin M ContAir Mead Corp Cooperin Merck 2A Aerojet CPC Intl Arklgas CreuseHind Alamera Oil CrowCol Mobil AtlasCorp Crown Cork Mohasco Barnes E Ud CronZell Mor-Nor DanRivr Motorola Creole P Dart Ind Mtfuels Data Cont Tal Mtstatt Dillard DaycoCp Va Otto Dixilyn Corp Deere Co Daytapl Ve Setae del Mate Nat Airlin Equity Cp Nat Bisc DeltaAir Nat Can Felmont Oil Frontier Air Wi Wat Giant Yel Gt Basa Pet DillonCo DomeMin NatLead Hydromet Nat Steel Imp It! Corp DukePw Natomas Kaiser In Lee Ent Sia Nevro Dria “Mn NorfolkWst Niag MP NewPark Mn East Air Lin Ye Ormandind Easkodakla Norrisind RIC Intlind EatonYa NorAmPhil Noamr Saxon Indust Echlin Mf Scurry Eg&g Statham ElPaso NoStaPw Iorthrop Va\ Syntex .40b 36 32 2 — Eltra Cp Technico Nwst Ait Va Wn Nuclear Johnsn Norton Essexint Ethyl Cp NortSim Evans P Lili Eversharp OnloEdis Fairchc Oklage Fair Hill Okla Ngs Fansteel Inc St Olin Corp Owens Va Fmc FoodFair PacPwl FordMet Pacta&t ForMcKs Panam Waiir FruehCp Va Panh EP Parke Davis Penn Cent GAC Cp PennDix GAF Norp Penney JC Gam Sko PaPwLt Gannett Pfizer Se Gpubut Phelps D Phill Pet Va Pitney Gillette Glen Alden Global Marin Goodrich Pubscol Se Goodyear GtWa GreenGut Greyhound Questor Ralston P Va Gut Ol Va Ranco Inc Revion HeclaMing ReynMet Herc Inc ReynTeb Roan Sel HoernWal Ta — Va Rohr Cp Hoff Electra Royccola Vm Holidyinn Royal Dut 2d HollySug RyderSys IdahoPw SaFeind Schering Shell Oil SignalCo SingerCo Smith KF Scar Soucale Va South Co Soungas SouPac Ve Southrn Sperry R St P van Oil Ib NW Swift Co Systron Donn Ve Ms Oes Tampa el Tektronix
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Dividend Coding Guide for New York Exchange

A table notes rates of dividends and special cases with letter codes. It explains terms like annual disbursements, ex dividend, ex rights, stock dividends, paid in 1969 and 1970, liquidating dividends, and various other conditions including new issues and warrants. It lists numerous letter markers and their meanings such as a extra, b stock dividend, c liquidating, e declared or paid this year, x ex dividend, xr ex rights, ww with warrants, nd net day delivery, and vi bankruptcy or reorganization.

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Forecast North Carolina South Carolina Virginia and Georgia

North Carolina shows increasing cloudiness with a chance of showers or thundershowers Thursday, warmer by Thursday and lows around 45 to 50 in the mountains and mid 50s elsewhere. South Carolina remains partly to mostly cloudy with warm Thursday and overnight lows in the 50s. Virginia profiles partly cloudy with a western shower risk and warmer conditions Thursday. Georgia expects increasing clouds, mild tonight, and showers or thundershowers mainly in the north with highs in the 80s.

MENTIONED IN THIS ARTICLE

North Carolina South Carolina Virginia Georgia
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North Carolina Weekend Weather Outlook

North Carolina faces a showery start to Friday with warm morning temps in the upper 50s. The pattern eases to fair and cool conditions with highs in the 60s and overnight lows mainly in the 40s as Sunday climbs toward the upper range.

MENTIONED IN THIS ARTICLE

North Carolina
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United Dairies to Merge with Danville Dairy

Mey United Dairies of Greensboro will merge with Danville Dairy Products of Danville Virginia on May 1. Faultless milkmen will be replaced by United branding. Processing will occur at Greensboro and Winston Salem plants using some Virginia milk. Bud Feldman will stay on as Danville consultant to United Dairies after the merger.

MENTIONED IN THIS ARTICLE

United Dairies, Inc Greensboro Danville Dairy Products Company, Inc Danville Danville Dairy Max Hovis United General United United’s Winston-Salem Virginia Louis H Bud” Feldman United Dairies Guilford Dairy Farmers Dairy of Winston- Salem Asheboro Burlington Eden Elkin High Point Mount Airy Reidsville Thomasville
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Escapees Returned To Prison In North Carolina Breakout

Two shoeless escapees Calvin Lee Stansbury and Walter Jones were recaptured by sheriff deputies in Halifax County as part of a breakout from North Carolina jails last weekend. Police stopped their taxi between Roanoke Rapids and Littleton and seized their shoes to deter another escape. A manhunt continues for Bobby Brown and three other escapees connected to the Rockingham jail break and a McLeansville unit escape.

MENTIONED IN THIS ARTICLE

North Carolina Halifax County Bobby Brown Eden Rockingham County Brown Henry County McLeansville Cecil F. Steading Winston-Salem Edgar V. Cobb Greensboro Epharin D. Smith Jr Dobson
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Laird Warns of Red China ICBM Threat in the 1970s

Defense Secretary Melvin R. Laird testified that Red China could develop intercontinental missiles by 1973 but is unlikely to pose a major nuclear threat until the 1980s. He warned that if Beijing gains ICBMs in three years a Safeguard system gap could permit nuclear blackmail. The first Safeguard site could start in 1974.

MENTIONED IN THIS ARTICLE

Washington Melvin R. Laird Red China Peking United States Nixon Laird House Defense Appropriations Subcommittee U.S
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Planes and helicopters lost in Laos and Vietnam war zones

U S Command reports four American planes lost over Laos lower panhandle and three helicopters down in South Vietnam. One American killed, three missing and three injured. Air Force Skyraiders shot down but pilots rescued. A Navy Skyhawk down with pilot missing. RF4 Phantom missing. Helicopters down near Dak Seang and along Cambodian border with one crewman wounded.

MENTIONED IN THIS ARTICLE

Saigon U.S Panhandle Laos South Vietnam Air Force al Skyraider Ho Chi Minh Trail Tonkin Gulf Dak Seang Mekong Delta Plain of Jars Demilitarized Zone Tuyen Binh Cambodia
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Decent housing urged for 400000 in North Carolina

Irvin Aldridge director of the North Carolina Department of Local Affairs told county extension agents that about 400000 people in the state need decent housing. He warned against inner city decay and urged use of federal funds for innovative ideas to improve housing beyond metropolitan areas. He cited substandard rates in Jones, Pender, Naswell and Robeson counties and said the department will help cities find solutions.

MENTIONED IN THIS ARTICLE

Reidsville N.C Irvin Aldridge North Carolina Aldridge Jones County Pender Naswell
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Cambodia Ponders U.S. Aid Amid Southeast Asia Tensions

U.S. officials weigh a Cambodian request for military aid while seeking to preserve Cambodian neutrality. Lon Nol calls for unconditional international aid. Senate leaders push to block American combat troops. Critics cite recent Cambodian civilian massacres as a factor in the decision.

MENTIONED IN THIS ARTICLE

Washington Cambodia U.S Nixon Southeast Asia Phnom Penh Lon Nol United States Vietnam Senate Mike Mansfield Mansfield Sens Frank Church Idaho Idaho Democrat, and John Sherman Cooper Kentucky Laos Thailand State Department Robert J. McCloskey
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Three men face trial over Main Street UFO coffeehouse

In Columbia AP report three young men Robert Duane Ferre William Balk and Leonard Cohen defend themselves against public nuisance charges tied to the Main Street UFO coffeehouse. Police and nearby business owners testified to noisy crowds drug use and obscene literature with one officer noting six prior arrests in the year before the padlocking in January.

MENTIONED IN THIS ARTICLE

Columbia Robert Duane Ferre William Balk Leonard Cohen
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North Carolina colleges stage Earth Day programs across campuses

North Carolina colleges and schools held Earth Day events with activities ranging from a coffin burial symbolizing pollutants at Leroy Martin High School to UNC Chapel Hill’s weeklong trash-in and a $500 prize for dormitory cans. NC State planned pollution panels and a talk by Roy Sowers Jr. Duke offered workshops on air water and land use.

MENTIONED IN THIS ARTICLE

North Carolina Leroy Martin High School Raleigh University of North Carolina Chapel Hill UNC North Carolina State University Roy Sowers Jr North Carolina Department of Conservation and Development Duke
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False Teeth Care Adclaims Strong Hold and Comfort

Improve denture security with PASTEETH Denture Adhesive Powder. Claims dentures stay firmer longer and easier eating with no gummy taste. Includes warnings about loose teeth and insecurity and urges regular use for health.

MENTIONED IN THIS ARTICLE

Geb Vastenih
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Also Mentioned on This Page

Stock Market Report Jack Sholl Va Texgsul Va Trw Inc Uniroyal Upjohn Calles Varian Asso Vendo Co VariPn Te Eile WarLam Wsta Air Line Wa Banc WnaUnion Westge Whirl Cp Whittaker NEW York Exchange Ya AlcanAlu Va Alleg Cp AlliedStr AMBAC Ve Am Hess Airlin Va Abrands AmBadest Can Lve Wrens AmCyan Ameipn Enkala Am Hosp Ammfdy Metrix Am Motors Va Anatgas Am Photo Am Ltd Smelt T&t ArmcoSt Atlas Chem Atlas Corp Avnet Inc Avco Cp NEW York —Stock Index Ind. Rails Util Fon. Ltd Loan Wed Aine Aia Low A.P. Stock NEW York (Ap New York Stock Mnenee Ines Paarne Dow-Jones Industriels Mey Dairies THE Central Highlands Robeson County Johnson County Binh John Nemeth N. C
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