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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 24, 1972
Page
2
Stock prices fell as profit taking persisted into a fourth straight session. The Dow fell 4.52 to 902.92 with declines leading advances on the NYSE 7 to 5. Banks including Bank of America cut prime lending rates further.
Howard J. Nabors, a 19 year Delta veteran, named station manager for Delta Air Lines at Greensboro High Point Winston-Salem regional airport. He began as station agent in Little Rock in 1952, served in Hot Springs, Ft. Lauderdale and Phoenix, and hails from Greenbrier Arkansas.
The Associated Press compiled daily market figures showing Dow Jones Averages and Bond Averages for 2000. It lists current levels, net changes, weekly and yearly comparisons across sectors including rails transports utilities industrials and bonds with highs lows and percent moves.
Wake County deputies head to Boydton Virginia to recover Charles Sweet 27 and Patricia Steele 23 amid a kidnapping and armed robbery case involving Luther E. Johnson 65 in Raleigh. Johnson was forced from his car, robbed, and later abandoned. victims Dorothy Ball Rt 4 Henderson and a 1970 auto were also seized. The couple was apprehended 12 miles north of South Hill Virginia as they allegedly planned to waive extradition.
Noon trading shows the NYSE composite down about 0.3 percent as all major sectors decline. Industrials fall while transportation and utilities slip. finance and other indexes edge lower amid cautious market tone.
Hall Printing Co. of High Point took first place for process cards and process art reproductions and earned honorable mentions for process catalogs and catalog sheets. The firm also received a special judges award for bindery and production excellence.
S. Ray Reddick of Charlotte elected a mortgage officer by NCNB Mortgage Corp directors. He serves as collection supervisor in the Servicing Department in Charlotte after a career at Family Finance Co. and Local Acceptance Co. He is a graduate of Allen Jay High School and a U.S. Air Force veteran.
B. B. Walker Shoe Co. of Asheboro reports 11 months ending Oct 30 1971 sales of 30.87 million, up from 28.895 million prior period. Earnings after a 2for1 split amount to 1.14 million or 1.01 per share, vs 43500 or 3 cents per share a year earlier. Net worth rises to 7.345 million from 6.526 million, and working capital up 17 percent to 9.333 million from 8.002 million.
The U S Labor Department reports North Carolina union membership rose 10 percent from 1968 to 1970, adding 13 000 members for a total of 137 000. The gain moved the state from 29th to 28th in national union membership rankings.
The High Point Enterprise announces home delivery and mail subscription prices for daily and Sunday editions, with monthly carrier options and tax notes. Rates are listed for 1 year 6 months 3 months and 1 month, including Sunday only and daily options.
U S planes attacked five North Vietnamese anti aircraft batteries in the DMZ and North Vietnam over the weekend, destroying two guns and damaging another. Navy A7s and Air Force F4s targeted sites near Ban Karai and Dong Hoi as helicopters faced losses in the Mekong Delta with one crewman wounded.
Rosemont Enterprises sues to halt publications of Hughes material by Clifford Irving and others. A CBS 60 Minutes report ties a blonde woman named Helga R. Hughes to Swiss bank accounts and large cheque endorsements linked to the alleged biography scheme.
Nixon’s State of the Union outlines a 1973 budget with a reduced full employment revenue gap near 70 million, an 8.1 billion full employment deficit warning, and restraint on spending. Highlights include a defense boost with only 700 million in 1973 outlays, space shuttle development, education funding, environmental programs, and a larger health program budget.
Two members of the Church of Armageddon died after inhaling a liquid during a church rite known as the rite of breathing. Both men in their 20s were found by another member and firefighters could not revive them. An autopsy was postponed at church officials’ request.
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