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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 25, 1972
Page
2
The New York Dow Jones average fell 4.59 to 952.89 at noon as declines outpaced advances on the NYSE. Analysts call the market consolidation normal with profit taking and readjustment following four months of gains, pressured by inflation and unemployment worries.
Quotations from the NASD reflect representative inter-dealer prices as of about 11 a m Inter-dealer markets fluctuate through the day Prices exclude retail markups markdowns and commissions
The document lists abbreviations for market terms such as ex dividend and ex rights, with indicators for sales in full ex distribution without warrants with warrants and related timing like next day delivery. It also notes foreign issues subject to interest equalization tax and cases of bankruptcy or reorganization.
In Chapel Hill authorities launched an escort service for University of North Carolina coeds after a rise in assaults. The program operates from the undergraduate library each night from 8 p.m. to 2 a.m. and aims to deter attacks by urging students to walk in lighted areas and report incidents while improvements to lighting are planned around the arboretum and Kenan Stadium paths.
A civic call urges equal enthusiasm for others' success and notes the burden of about fifty hidden taxes embedded in a loaf of bread as a metaphor for hidden costs.
Harry L. Blair Jr. is named art director at the Greensboro advertising agency Behrends Harwell Henderson. A Greensboro native, he graduated from the University of North Carolina at Chapel Hill in radio television and motion picture production and taught commercial art before leading in local agencies.
Charles Farlow of the Central Hearing Aid Center 329 North Main Street High Point has won a trip to Spain. The award comes from Dahlberg Electronics Inc a Minnesota based firm that manufactures hearing aids for outstanding service to the hard of hearing.
The board of directors of Simmons Company declared a regular quarterly dividend of 20 cents payable June 12 to stockholders of record May 22.
Jefferson-Pilot Corp reports first quarter 1972 operating earnings up about 400000 dollars or three cents per share. Directors declare a quarterly dividend of 23 cents per share, up one cent, payable June 2 to holders of record May 12 after the Greensboro annual meeting.
Shoichi Yokoi, the Japanese soldier who hid in Guam for 28 years, arrived in Nagoya aboard a 110 mph express to a hero's welcome by about 2000 officials and residents. He said the journey felt like a dream and expressed gratitude, while noting he is not fully adjusted to modern life. He plans further treatment and to devote his life to making amends for his duty failures.
Supporters of James Gardner seek the Republican gubernatorial nomination and will hold a rally at the Civic Center in Thomasville at 7 p m Thursday. Admission requires free tickets collected in advance.
In Hollywood Florida three 17 year olds Rick Sigler Danny Walters and Pershing Williams Jr had charges dropped by Municipal Judge George Pallotto. They had been arrested April 12 for mowing lawns without city identification cards. Police face scrutiny over the arrests and a council review was ordered. The boys said they will buy the 2.50 identifications before resuming business.
Adams-Millis Corp reports a 268,285 net loss for Q1 1972 versus 514,801 profit in Q1 1971. Hosiery sales rose 8 percent and profits 5 percent, but fabric and yarn divisions drove losses. TexElastic Yarn Division suffered operating loss and inventory write-downs due to market prices and startup costs. Millis cites a new yarn plant and a Macfield Texturing alliance as steps toward later improvement and higher annual sales. Management expects hosiery gains to continue and fabric operations to improve, with national dyeing and finishing sales beginning after mid 1973.
A four-county investigation led to arrests of three men in coordinated raids at their homes. Sheriff Morrissey said the arrests followed a week of intensive inquiry with help from Buncombe deputies and SBS agents. Earlier, Cassada Chandler and Garren were arrested in associated pre-dawn raids, tied to burglary and stolen property charges. Chandler also faces a separate theft of a credit card charge by Asheville police.
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