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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 15, 1972
Page
2
Stocks rose with the Dow up 5.04 to 915.94 at noon as blue chips and glamour issues improved. Advancers outweighed decliners 7 to 5 on the NYSE, with investors awaiting external news for larger gains.
The North Carolina Chapter of the ACLU received its largest donation, a $1,200 check from the Ku Klux Klan. Dan Pollitt, UNC law professor and state ACLU president, said the gift followed the ACLU winning a civil rights case for a klansman fired after his affiliation became known.
Over the counter bid-asked quotations from NASD reflect representative inter-dealer prices around 11 a.m. Markets move through the day and prices exclude retail markup markdown or commissions.
Noon trading shows diverse index shifts with Industrial at 63.28 and Transportation 52.70. Finance at 73.69 up 0.20, Utilities 38.10 down 0.02, Market 58.90 up 0.2. Listed bids and asks include American Furniture 16.5, Carolina Caribbean 3.4, Hardee’s 24, N.C.N.B. Corp. 48, Public Service of N.C. 12, and Ruddick 9.55 10% preferred.
Paris AP reports Romania executed Gen Ion Serb former Bucharest garrison chief for spying for the Soviets. Diplomatic source says he supplied defense deployments and rocket data to a Soviet attache, marking a rare strict action amid Romania Soviet tensions since 1968 Czechoslovakia invasion.
The 3 500 mile dingo barrier encircles central Queensland and protects sheep from wild dogs. A six foot high wire netting fence buried a foot underground defends the cattle country from marauding predators.
The Dow Jones averages show mixed activity with gains in Industrials and Utilities while Transports dip. Market totals list notable indices: Industrial 915.94 up 5.04, Stocks 315.86 up 0.33, Public utilities 89.97 up, and bonds at 73.98 up 0.10.
President Grover H Cole announced Life of Carolina posted strong 1971 results with premium income and other considerations rising 39.5 percent to 3,889,927 and total income reaching 4,069,188 compared with 2,956,169 prior year. Life in force grew 19 percent to 202,290,090 while assets admitted climbed 9.6 percent to 4,091,261.
Jeffer son Pilot Corp shows 1971 operating earnings up 48 cents a share or 26.5 percent. President W Roger Soles told directors at the Greensboro meeting. Consolidated earnings before investments rose to 27.417 million from 21.855 million. 2.29 vs 1.81 per share. Net income after tax including investments moved to 28.141 million or 2.35 per share from 23.166 million or 1.92.
Adams-Millis Corp announces Newell Woodworth as executive vice president of Adams-Mills Fabrics Inc, a knitted fabrics maker. He will direct sales and marketing and establish his New York City office immediately.
Acquisition announced by president W. C. Killgallen confirms Ohio Art Co has completed the purchase of Fli-Back Co and its affiliates. Fli-Back makes paddle balls and wooden toys, while Ohio Art is a NASDAQ traded toy maker also owning 51 percent of Emenee Corp, an inexpensive organ producer.
Maria Hes ter Monroe daughter of President James Monroe married Samuel Gouverneur in a ceremony at the White House. The 1820 union is noted as the first White House wedding in U.S. history.
The Senate weighs attaching an anti busing rider to a women's rights measure as Nixon forms a cabinet committee to study the busing issue. House opposition remains and Wilkins denounces White House moves while courts legal challenges loom.
Secretary Laird outlined plans to shrink major land forces to 13 Army divisions and three Marine divisions as total armed forces stay near 2.4 million, the lowest since 1950. Hebudget argues for more Air Force combat roles at sea and 1 billion more for weaponry research amid fears of Soviet advances and new Sputniks. He cited 4 700 U S warheads vs 2 100 for the USSR with 1 000 more expected next summer and noted many new Soviet missile silos detected last year.
Ghost shrimps get their name from a whitish yellow hue. They spend most of their lives buried in mud, so no protective coloration is needed.
Britain faces a coal strike crisis with power cuts risking a near blackout by month end. Victor Feather, leader of the Trades Union Congress, warns of a national economic disaster while miners plan a Parliament march over pay. Heath and Feather meet as government warns electricity could vanish for homes and industry without a miners' return to work.
A lady from Los Angeles reports nine years of torment from vaginal and rectal itch and rashes. The ad claims BICOZENE stops itching fast by fighting bacteria and soothing inflamed tissue, with relief starting in seconds and urging readers to buy at Mann Drug Stores.
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