Market Dip as Profit Taking Weighs on Stocks in Middling Session
Early trading saw the Dow Jones 30 index slide 3.01 to 914.58 as profit taking lingered after a three day rally. Rail oils and utilities led declines while metals and motors held firmer, with volume modest and analysts noting cautious optimism about the economy.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Kansas City Power & Light
Beech Aircraft
Off
Coastal States
Associated Press
Dow Jones Averages Display Market Sectors Tumble
Financial table shows Dow Jones Averages and sector movements with declines in utilities and industrials. Highlights include declines in transport and bonds, with rail and public utility indices shifting modestly. Market breadth appears mixed as investors review daily totals and sub-index signals.
Youth Board Eyes Delinquent Centers in North Carolina
The North Carolina Youth Development Board backs establishing 11 community youth centers to aid troubled youths and keep them from correctional institutions. Each center would cost about 300 295 in capital outlays and 512 455 annually, with services from pre hearing to after care and improved medical and dental care for wards.
MENTIONED IN THIS ARTICLE
Raleigh
N.C
North Carolina Youth Development Board
C. L. Gilliatt
Shelby
Pamlico Officers Recapture Man
Pamlico County sheriff's deputies captured Floyd James Toler Jr. who escaped from a Martin County prison unit. He was found at his father's house in Grantsboro about 6 30 p m Saturday.
MENTIONED IN THIS ARTICLE
Grantsboro
N. C
Pamlico County
Sheriff's Deputies
Martin County
Floyd James Toler Jr
Grant‘sboro
New York Stock Exchange Market Index Brief
A concise AP sourced note reports on the New York Stock Exchange index movements across industrial, transportation, utility and finance sectors in New York. The brief highlights overall market direction and sector performance without detailed quotational data.
MENTIONED IN THIS ARTICLE
NEW York
Stock Exchange Index
Safety Coordinator Billy Creel Speaks at BOM Meeting
Billy Creel, newly named safety coordinator for the North Carolina Department of Labor, will address the February Piedmont chapter meeting of the Society for Advancement of Management at Ramada Inn in Burlington. He has long served as safety director and previously as an Industrial Safety Inspector. He will represent the department and work with the U S Labor Department to implement the federal Occupational Safety and Health Act of 1970 in North Carolina.
MENTIONED IN THIS ARTICLE
Billy Creel
North Carolina Department of Labor
Piedmont
Society For Advancement of Management
Ramada Inn
Burlington
Creel
Department of Labor
U.S. Department of Labor
North Carolina
Burlington and Gismondi form Artemide Burlington venture
Burlington Industries Inc and Milanese designer Ernesto Gismondi announce a joint venture to manufacture and market fiberglass and plastic furniture in the United States. A new marketing organization Artemide- Burlington will sell the products, produced in Burlington plant facilities.
MENTIONED IN THIS ARTICLE
Burlington Industries, Inc
Ernesto Gismondi
Milan
Italy
United States
Artemide- Burlington
Burlington
Lane Profits Rise for Lane Company in 1971
Lane Profits Up The Lane Company Inc of Oltavista Va reported 1971 net sales of 80458000 up 11.1 from 1970s 72446000. Net earnings reached 5188000 up 21 from 4288000. Earnings per common share 2.07 after preferred dividends versus 1.70 in 1970. President Hampton Powell cited strong economy and an excellent order backlog with orders flowing in faster than last year.
MENTIONED IN THIS ARTICLE
Lane Company, Inc
Oltavista
Hampton Powell
Lane
Mirage formation by light distortion through dense air
A mirage occurs when light bends as it travels through air of unusual density, creating displaced images. Britannica notes this optical phenomenon arises from refraction and varying air temperatures causing apparent positions of distant objects to shift.
MENTIONED IN THIS ARTICLE
Encyclopaedia Britannica
High Point Enterprise Ad Rates and Postal Details
The High Point Enterprise lists subscription rates for daily and Sunday editions, with mail and carrier options. It notes rates vary by duration and format and outlines tax and mailing terms for North Carolina residents.
MENTIONED IN THIS ARTICLE
High Point Enterprise
800 Strikes In Tet Cease Fire Halts Allied Bombing
A 24 hour Tet cease fire halted much of the U S air campaign in South Vietnam after more than 800 strikes in six days. Navy and Air Force bombers flew 176 strikes in South Vietnam before dawn as 27 missions followed.
MENTIONED IN THIS ARTICLE
George Esper
Associated Press
Saigon
U.S
South Vietnam
Laos
U.S. Command
Navy
Air Force
Nixon
China
Irving Hoax Ties to Hughes Memoir Spectacle
Time magazine reports Irving admitted his elaborate Autobiography of Howard Hughes was a fraud. The piece links his hoax to Phelan’s Dietrich memoirs and notes the forged work drew on genuine but unrelated material and interviews.
MENTIONED IN THIS ARTICLE
McGraw-Hill Publishing Co
Life
Time Magazine
Irving
U.S
Time
Richard Suskind
Howard Hughes
Dietrich
Phelan
Hughes Associates
Time Said
Associated Press
Bob Thomas
NBCTV
Irvine
Hughes
Albert Schweitzer
Ernest Hemingway
Ethiopia
McGraw-Hill
Helga R. Hughes
Irvings
Piedmont Society to Meet For Paint Technology Talk
The Piedmont Society for Paint Technology will hold a meeting on February 16 at 6 30 p m at the Howard Johnsons restaurant on I 85 south in Greensboro Speaker will be Lowell Comstock of Union Carbide.
MENTIONED IN THIS ARTICLE
Piedmont Society For Paint Technology
Howard Johnson's
I-85 South
Greensboro
Lowell Comstock
Union Carbide
Four Bombs Strike Belfast Banks and Shops
Four bombs exploded in the Belfast area as the Irish Republican Army pressed its campaign to sever Northern Ireland from Britain. No injuries were reported though a bank, an office building, a furniture store and a paint store were wrecked. Police cleared shoppers and workers after the first blast near the Belfast Savings Bank on King Street. Marines later detained two men amid gunfire at a shirt factory in Ligoniel, with one critically wounded.
MENTIONED IN THIS ARTICLE
Belfast
Northern Ireland
Irish Republican Army
Britain
Georgian Bank
Ligoniel
Phillips-Foscue's Gains Big Net Sales Rise 31 Percent
Phillips-Foscue Corp reports for the 28 week period ended January 15 net sales of 4,666,866 up 31 percent from a year ago. unaudited income reached 209,559 or 44 cents per share, up from 74,446 or 16 cents. plants in High Point Newton Hickory Cleveland Tupelo. a Tupelo 98000 square foot plant under construction will raise production by 59 percent. freight savings expected to boost sales and profits after startup.
MENTIONED IN THIS ARTICLE
Phillips-Foscue Corp
John P Hailey
High Point
Hailey
Newton
Hickory
Cleveland
Tenn
Tupelo
Miss
Phillips-Foscue
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Stock Market Report
Carole Martin
Tia
CmbEn
MobilOil
Conti Corp
Va Motorola
Oir
Mtstatt
Nabisco
Ark Best
Nat Airline
Arklgas
Nat Can
Alamera Oil
Cowles
Atlas Co
Cox
Barnes Eng
CrouseHind
Vaam. Brascan Ltd
CrowColl
Crown Cork
Buttes Gs Oil
NBM
CrwnZell
Nat Steel
Dart Ind Ob
Nenge
Dillard
DaycoCp
Newmont
Dixilyn Corp
Daympl
Niag MP
Deere Co
Essex
Norfolkck
Felmont
Denny
Dillon Co
Disney
NoStaPw
Gt Basin Pet
Northrop
Husky Oil
Norton
Instrum Sys
Cressind
NortSim
Corp
Duke Pw
Jamesway
OccidPet
Jetronic Ind
duPont
OhioEdis
Kaiser
Se Kin Ark Corp
Dynam Am
Okla GE
EasKod
Otis Elev
Ling Tvgt
Eaton
LoewsTheft
Echiin Mf
Owen Cng
Marshal Ind
Eg&g
Midh Sug
Eipasong
Owen dl
Ios Panbiee MidwFin
EltraCp
Milgo Elect
Newldria Mn
Essexint
Pac
NewPark Mn
Etny! Co
PacPetro
Evans Pd
PacPwl
OKC Corp
Pac T&t
Xile
Ormand Ind
PanAm Sul
Ozark Airline
Panam Wair
Panh
Ye Phoenix
Fansteel Inc Wen
Pan Cat
Penney
Ty Rath Pack
Filtrol
PaPwSt
Firestone
Pennzon
PepsiCco
Pfizer
Statham Ins
Phelps O
PhillMore
Food Fair
Sa Phill Pet
Ford M
Pitney
Viewlex
ForMcKs
Polaroid
Vikoa Inc
FreepMin
Portgel
Ergent
VLN Corp
Ara
Westates Pri
New York Stock
Pubscot
Wilshire
És ‘ Exchange
Yates Ind
GAF Corp
Gannett
GenElec
ACF Ind
GenFood
Questor
Ralston P
Ranco Inc
Raytheon
Arizona la
AlcanAlu
GaPacif
Rdig Bate
Gerber
Mina As
Reich
Alleg Co
Gettyo
Repud
Gillette
Reviow
AilegPw
Reyn Ind
Allied Ch
Glanald
ReynMet
AlliedStr
Global Marin
Roan
Royccola
Grant W
RoyDut
Joe
O'S
Ryder
Grn Giant
Acrysug
iGreyhound
Stregisp
Senders Asso
Ameipw
Gesu
SaFeind
SanFeint
iGulf
igitWnind
ScherPig
MilCix
SCM Corp
Am Motors
M's
Scoa Ind
Mth
Halliburt
Scott Pap
Ty Asmeltr
Harris
E Heelay
Hercules
Sears
Wits
AMP Inc
Hoernwal
WM Signal Co
Ampex Corp
SingerCo
Smith KE
Sony Co Ode
Holly Sugar
Homestic
Hongwil
South Co
SouthBy
Richfia
Idaho Pw
Sperry R
Atlas Corp 2A
Aveo Corp
Deal Bas
Squibb
Avnet
Itt Cent
St Brands
von Pd
Limert Cp Am
Std Kolisman
INA Cp
Stolical
Stolling
Babckw
Atha
IBM
Beckman
BeechAr
SteriOrug
Stevens
Bell How
Bendix
Benefi Ce
SunOil Thau
Iowa Beef
Benguet
Lowapsy
Swift Co
Itek Corp
Boeing Co
Ie — J
Tampa
Tenneco
JonLaw
Brunswek
Texaco
Bunki Ramo
Katy
Bat Kennecott
Ais
TimesMir
Mile
Cadence
Ea Kerr
Timken
Cal Finani
Kimbalk
Todd Ship
Knight N
Trans W Air
Koppers
Transmra
Caro
Kraftco
Ae TriCon
Kresgess
Uae
Tig Trw Inc
Cartwal
Kroger
GE CastieCke
Gant Aw Ual Inc
LearSieg
MN Umc Ind
Lenman
Wea
Levitz Furn
UnOilCal
UN PacCp
CessnaAir
Uniroyal
Ches Onio
Cippmenl
CippMeNL 1 Unit Air 1.80 1S4 36'4 3S\a 25\a We ChiMil
Chris Craft
Lockheed Air
Univ
Cocacol
LukenStr
Colg Pal
LVO Corp
UnivCpg
Collins
Lykes Vogst
Uptonn
Colonnist
CBS
MackeCo
Macy
Magnvox
WachCo
Marath
WarLam
Marcor
Mar Mid
WnAir Lin Ad
Martinm
Weyerns
WhitFry
Mead Cp
Whittaker
Es Merck
Williams Con
MGM
WinnDx
Microdot
Ag Woolwin
Xerox Cp
Zale Corp
Zenith R
A.P. Stock
Rails
Stoc
Rails Fnstitition
Youth Board
Youth Development Board
Pamlico
Man
NEW York Stock Index
Sam
Mirages
High Point Enterprise, Inc
Church Avenue
Okly
Ward-Griffith Company
National Advertising Representatives
Binh Dinh
Cam Ranh Bay
Mekong Delta
North Vietnam
Demilitarized Zone
Anathae Omaman Tras
Ireland
Phillips- Foscue
Schultheiss, C.L.U
Wrenn St
Russell High Point
Metropolitan Life
New York, N.Y
DPA P.O
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