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High Point Enterprise in High Point, North Carolina

27 Apr 1971

Page 2

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This newspaper page contains 12 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 27, 1971

Page

2

Blue chip stocks rebound after early loss on gains

The noon Dow Jones average rose 0.42 to 944.42 as blue chips recovered. Ford Motor climbed 2 to 67 after first quarter earnings rose 36 percent year over year, while Standard Oil of Indiana fell to 65 1 2 percent despite an 11.2 percent earnings uptick. OK, American Stock Exchange listings showed mixed moves in Okonile warrants, Alamera Oil, IMC Magnetics, Milgo Electronic, and Rath Packing.

MENTIONED IN THIS ARTICLE

New York Ford Motor Standard Oil of Indiana American Stock Exchange Alamera Oil IMC Magnetics Milgo Electronic Rath Packing MorNor Conti Corp Aerojet Sa Cowles Com Pan Ra NatCas AmPetey AO CrowCoit Atlas Cowt Crown Cork Bornes Cantavin Certron Davin Deere Ce Data Control Ba Bey “ Oeil Mate Norris Ind Dillard Oetta Air Dixtive Corp CerEdis Ecotogic Sci NoStaPw Dilton Co Felmont Oil Lee Tee auPont Oxlands Dynam Am Jamesway Video Eask Mar M & Eatn Owen Cag Jupiter Cp Eg&g Kin Ark Eipasong Pacoom Wilt Radio Eltrac LoewsThe Emmys Co Milgo Elect Fansteet Inc Rl Ite Dixie Ty Newldria Mn Fedders Penney JC NewPark Win Filtrot Nuclear Am Pepsico Wiokc Corp Ozark Alrtine Ormand Permaner Flinthote Fila Pow PPI Pitney FMC Co Forum Scurry Rain Statham Vns Technicotr Gacco Pueblo GAP Corp Pugspl Siva Pullman Gannett Genesco Gerber Allied Ch Gettyo AlliedStr Gillette Reyer Alcoa Fiat St Joe Min Gireuua Isaue Greyhound Grumman Paig AMP Inc Ampex Corpats Secur Howmet E South Co Atlas Avnet Inc Avon Rand St Brands Bendix BenefiCo Lowe Mn— Stevens Lowapsyv StudWer Beth Sui Ite Corp Aes SunCli Boeing Co Syitt Co BoisCas Jewel Co Systron Donni i Borden JonnMen Tektronix Jostens Vie Teledyne Telex Cp Bucy Er Joy Mig Tenneco Texaco Bunki Ramo Kaisr Alurp Kanpet Texasiast Burryahs Lela Love Tél Textron Visto KayserRo Kennecott Kermmcg KimbCik Todd Sh Caro Kraftco Kroger Kresgess Tri¢on CastieCk LearSieg UMC Ind Lippora 2 UN Carbide Lipbmen Los Unoiical Union Pacif Lockheed Air Uniroyal Loeys Corpus Sa UnBrands Wee Ee Chris Craft Babee Chrysir Lonesga Ara Lucky Stud Indust Cleveli Lukens St CocaCol al Lvo Corp US Smelt Lykes US Steel Collins Saillide Coloinist Macke Co If Univer Compsmen CBS Macy RH Upionhn Coly Gas Mad Fda ComiSelv Marath Varian Assoc Vende Co Marcor WebAir Mead Corp Wa Bane WarUnion Memorex Co Westg el Ee Merck Weyerns MGM WhirlCo Microdot Midsati Va Whittaker Woolwth Monsant Xerox Montan Zale Corp Zenith Associated Press
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OTC Bid-Asked Quotations From NASD Interdealer Prices

NASD over the counter bid asked quotations represent interdealer prices as of about 11 am. Markets between dealers shift and do not reflect retail markups markdowns or commissions.

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Estes Paroled to Brother's Farm after 6 Years

Texas promoter Billie Sol Estes, imprisoned on mail fraud and conspiracy charges with a 15 year sentence, is released on parole to live with his wife and four children in Abilene Texas. He must avoid self employment without prior parole board clearance and is to work on his brother’s farm near El Paso scheduled for July 12 release.

MENTIONED IN THIS ARTICLE

Washington Texas Billie Sol Estes U.S George J Reed Estes Abilene Tex
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New York Stock Averages Reported At Noon

A garbled AP market update notes noon figures for the New York stock averages with unclear details on indexes and industry sectors. The text mentions transportation utilities and industrial categories but is largely unintelligible.

MENTIONED IN THIS ARTICLE

New York Industria! Sereba Transportation
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Duke Piner Opens Duke Piner Associates in High Point

Duke Piner announces a new consultant and design office Duke Piner Associates at 164 South Main Street High Point. The firm will focus on space planning showroom design color coordination and merchandise presentation drawing on Piner’s interior design experience with Burlington Industries Heritage Furniture Co and other firms. He is an American Institute of Interior Designers member and UNC graduate living in Winston-Salem.

MENTIONED IN THIS ARTICLE

Duke Piner Duke Piner Associates S. Main St High Point New York Burlington Industries, Inc He Furniture Co Burlington House Furniture Globe Heritage Furniture Co Piner The American Institute of Interior Designers University of North Carolina Wellington Road Winston-Salem
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Southern Film Extruders reports quarterly sales and earnings

Southern Film Extruders Inc reports net sales for the quarter ended March 31 at 1 055 580 and net earnings of 27 118. The results are unaudited and not comparable with last year as no quarterly statements were prepared then. A 5 percent dividend was declared to stockholders of record at the close of business March 24.

MENTIONED IN THIS ARTICLE

Southern Film Extruders, Inc
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Piedmont Wholesale Director John L Cox Jr Joins National Tobacco Group

John L Cox Jr of Piedmont Wholesale Co at 320 Commerce St has been named a director of the National Association of Tobacco Distributors. The appointment expands regional leadership in the tobacco distribution sector.

MENTIONED IN THIS ARTICLE

John L. Cox Jr Piedmont Wholesale Co E. Commerce St National Assn. of Tobacco Distributors
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North Carolina Considers Auto Insurance Reforms

A study commission in North Carolina proposes mandatory use of Safe Driver Reward as a rating device and a voluntary non standard market for drivers who cannot obtain regular coverage. A bumper law would require new cars sold after January 1973 to have low speed crash bumpers and ongoing study of no fault insurance.

MENTIONED IN THIS ARTICLE

Lanier North Carolina
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First Union Raises Prime Interest in North Carolina

First Union National Bank, a major North Carolina lender, announced an increase in its prime lending rate to 5 percent, following other banks. The change affects business borrowers, not personal loans, and mirrors cuts seen last year while noting March 1970 NC prime rate at 6 percent.

MENTIONED IN THIS ARTICLE

Charlotte First Union National Bank North Carolina Madog Union
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Court martial trims charges in My Lai siege case

A military judge in Fort McPherson, Georgia, dismissed the assault by cutting a prisoner’s neck during the 1968 My Lai raid. The maiming charge for cutting off part of a finger during interrogation remained, after Kotouc’s defense moved to drop both counts on the second day of his trial.

MENTIONED IN THIS ARTICLE

FT. Mcpherson, Ga Eugene M. Kotouc My Lai Madison Wright Kotouc Humboldt Neb Wright Norman Cooper Southern Pines N.C Ernment Cooper Maj William Eckhardt Starkville Miss Eee Eckhardt Kotone Crosby Nebraska
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Banks Face Tax Shakeup In North Carolina Economy

North Carolina banks face higher costs as the 6 percent excise tax on bank revenue ties to income tax levels. Federal changes push banks to pay sales taxes, potentially increasing state city and county revenue through personal property taxes. Legislation moves to replace excise taxes with income and franchise taxes amid debate on overall tax burden.

MENTIONED IN THIS ARTICLE

Washington North Carolina General Assembly Bob Scott North Carolina Tax Research Department North Carolina Bankers Association Egy BP Saat Gordon Allen Oar Christopher S. Barker Jr New Bern Barker Sentative Bank of New Bern Dwight W. Quinn Ecutive House Quinn Senate Banking Committee Harry Bagnal Forsyth County Allen Bagnal’s Tax Study Commission Ih Informatioe Carolina
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Seats For Both Chinas Proposed

A presidential commission urged the Nixon administration to push for United Nations seats for both Chinas. The report suggests dual seats could extend to Germany, Vietnam, and Korea, alongside both mainland and Nationalist China. Lodge delivered the commission’s report to the White House.

MENTIONED IN THIS ARTICLE

Washington Washington- Peking Nixon U.N
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Also Mentioned on This Page

Stock Market Report BID Amic Carolina Caribbean Hardee's Is Life Ania N.C. Nat NEW York Stock Index Ind. Rails Fon L A. Q Mats Dow-Jones Rome A.P. Stock Design Office First Union Capt. Kotouc William L. Chaze N.C. Banks Farst Feve Savings and Loan Ipseea N. Main St Jamestown E. Main St High Point Enterprise High Point Enterprise, Inc Church Avenue Ward Griffith Company National Advertising Representatives
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