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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 03, 1972
Page
2
The CDC reports the influenza mortality rate above expected levels for the fourth straight week. Influenza and related respiratory illnesses affect all 50 states, with 8,820 deaths in 122 cities through Jan 29 versus an expected 7,890.
Former President Lyndon Johnson and wife Lady Bird are in Acapulco on vacation as guests of former Mexican President Miguel Alemán. The visit highlights diplomatic goodwill during a private holiday in Mexico.
Eckerd Drugs Inc of Charlotte reports unaudited results for the 39 weeks ended Jan 1 with sales of 96,299,000 up 17.8 percent from the prior year and after tax earnings rising 35.5 percent to 3,586,000. The board declares 5 cent common and 50 cent preferred cash dividends payable March 1 to holders of record February 14.
Armstrong Cork Co reports 1971 profits up 99 percent to 35.5 million dollars or 1.36 dollars per common share, from 1970's 17.8 million and 67 cents. Sales rise 16 percent to 563.9 million from 485.8 million. A 20 cent common dividend and a 93.0 cent preferred dividend are declared with dates for payment and record.
Gets Post Ven Huffman of Huffman Paint and Wallcovering at 762 N Main St was elected to the board of directors of the SPWDA at the organization’s Annual Convention and Trade Show in Atlanta. Nearly 1000 decorating products dealers attended the three day show to review new lines and trends in color and decorating. Huffman Paint and Wallcovering has served High Point homeowners for 25 years with paint wall coverings home improvement guidance and related decor products.
Irving admits his wife Edith deposited and later withdrew money, then moved 442 707 to another bank in Zurich. Swiss authorities issue arrest warrants for the Irvings. Meier, former Hughes consultant, seeks the Democratic senatorial nomination in New Mexico.
The SEC proposes a single central market with membership for large institutional investors to be run by exchanges and brokers. Congress critics say industry should not regulate itself. The plan would set competitive rates above $300000 orders and require brokerage firms formed by investors to do over half their trades in public business.
Legros seeks court orders to seize Irving assets and obtain the Hughes manuscript from McGraw-Hill. McGraw-Hill claims the manuscript belongs to the publisher. Swiss bank funds of 422 707 detained for attachment as part of the 650 000 paid for Hughes. Legros, tied to past art forgery cases, denies wrongdoing while accusing Irving and the publisher of libelous claims in the book Fake.
The Gamecock reports USC instructors sell illegal drugs to students. One teacher named as Mr X says at least four instructors may sell, with about 10 students aware. He claims others know but do not sell and that some grades are graded up or down based on drug use.
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