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High Point Enterprise in High Point, North Carolina

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This newspaper page contains 16 articles. Subscribers can read the full text of each article.

Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Jul 08, 1971

Page

2

Market extends run into third session on improving earnings outlook

The noon Dow rose 5.26 to 901.14 while the AP 60-stock average gained 8 to 322.5 as analysts cited an early flow of better second-quarter results. Sector gains spread through rubber, mail order, farm implements, aircraft, chemicals, oils, and airlines amid notable block trades. RCA jumped 42 to 35 and GE rose to 61 1 2 as earnings beat expectations. Mohawk Data fell 2 1 2 on annual results.

New York Associated Press Wall Street New York Stock Exchange Pan American World Airways Marriott Zenith RCA General Electric Mohawk Data ClevElil CocaCol Colg Pal Collins Coloinist Monsant Aerojet CBS WarNer Ark Best Motorola Arklgas Comwe Asamera Oiaz Comsat Atlas Cowi i“ Oy Barnes Eng Medabisco Vale — Barnwell Ind Cont Corp Certron Cp Cinerama Cowles Com Dixilyn Corp Cox Newmont CronZelt Felmont Oi Frontier Air Curtis Rt Norfolk Norris Ing Gt Basin Pet Dan River Noamrk impriOil U.— Northrop Instrum Deere Co Nwst Airl E It) Corp del Mate NwtBanc Jamesway Ya Delta Air Norton Jetronic Ind Denny Ast Nort Simon Jupiter Cp Ite DetEdis Ns Ae Kaiser Diam Sham Kin Ark Corp Dillon Co OhioEdis Kingsford Disney Okla GE Vel Latay Radio Okla Ngs Lee Ent Pepper Otin Corp Ling Tvgt DomeMns A Omarkin LoewsThe Dowchm Otis Elev wu + vy Marshal Ind Ia DowChem Wi Rae Oressind Duke Pw Owen Ili Owen Owen Cng .75 4 55% S54 55% + % Milgo Elect duPont Newldria Mn NewPark Mn Nuclear Am U— East Air Lin PacPetr OKC Corp EasKodak la PacPwl Ormand Ind Eaton Eaton 1,40 0S Cs Pac T&t Ozark B'S Echlin Mf Permaner PanAm WaAir Phoenix el Pason EltraCp Penn Cent Puritash Penn Dixie Penney Jc ” Ay Reserve OG A Ethyl Cp PaPwit Resortsint Evans P PennzUn Pepsico Statham Ins Fairch Pfizer Fair Ind Phelps DO Technicolor Fanstee! Inc Phila Telepromtr Fedders PhilMorr Tesoro Pet Phill Pet Vikoa Inc DM Wa VLN Corpn Westates Pt S FiaPwlt Wilshire FMC Cp Yates Food Fair ForMcKs FreepMin Ralston P GAF Corp Banco Inc Special Or Exchange Gam Sko Raytheon Gannett Teigh Reading Co GenElec RepubdSti Reviow Pal Gen Tire Va Rohr Cp Genesco A . RoyiCola GaPacif RoyOut Gerber Alleg Co Ryder Global Marine Me Goodrich AllisCh Senders Asso SanFeint A&p SCM Corp Gt West Scott Paper Sears Gulf Ol Shell Shell Tr Com- Amticix Healliburt Ates Signal Co SingerCo Harris Smith Hercules Awe SonyCo At&t Heublein Sony Co Sesim Ampex Corp Wwe Holidyinn Soungas HollySug Southn Pac A Pi Hills LP Idaho Atlas Corps INA Cp Stauf Ch Atle Weinger Rand SteiiOrug Stevens Intrikine StudWor IBM SandOill Ib Swift Co Systron Donn Beckman BeechAir Tampa Bell How Lowa Beef Tektronix Lowapsyv Teledyne Bendix Altek Corp Ty Telex Co BenetiCp Tenneco Jewel Co Texaco Jonnian Texetrn Jonnion Texasiast W Textron Thiokol Theit Or TimesMir Kaisr Alurn Timken Bucy Er Tedd Sm Transmmra Kennecott Krafico VAL Inc i Cal Finant Kresgers UMC Ind Kroger UN Carbide Ooaks Aes UN Elec LearSieg Undiical CarrierCp UN Pac LeahVal Dave “Ig Uniroyal Wwiay CastieCke Unit Air US Gypem US Indust Cessna Air US Steel UnivDil P ChiMil Spp Be “ Univer Comp Chris Crett Lykes Macke Co Warlam Magnvox Marath Williams Co Mead Corp Winnox Mely Sho Woolwth Memorex Merck Ovlie Vall Ming Xerox le Corp

A.P. Stock Averages Report

The latest A P Stock Averages compiled shows mixed changes by category. Noon Thursday figures indicate slight gains and losses across week month and year comparisons with highs and lows noted for rails and utilities components.

Bonday Penn

Dow Jones Stocks Update Amid Mixed Transport Declines

Traders monitor a small slide in rail shares and a 0.80 percent dip in transport related names as broader index movements show uneven activity. Some blue chips hold firm while others retreat in cautious trading sessions.

British court martial probe on protest leaflets at base

British inquiry reports Culver handed out protest leaflets outside a U S Air Base in Lakenheath. Two American agents photographed demonstrators with telephoto lenses. Films were secret and flown to Wiesbaden and back to Britain. Fourteen MPs call for Culver to discuss the case in Parliament. They cite his protest as exercising constitutional rights.

Air Force U.S Wiesbaden West Germany Britain Culver 3Rd Air Force Lakenheath House of Commons John Bell

Over-The-Counter NASD Prices Snapshot at 11 AM

Inter-dealer quotations reflect representative prices as of about 11 am. Markets shift through the day and these figures exclude retail markups, markdowns or commissions.

New York Stock Exchange Noon Index Snapshot

AP reports a noon index reading with mixed results across several equities. Notable quotes include American Furniture, Life of Carolina, Pub. Serv. of North Carolina, N.C. Natural Gas and Ruddick with modest gains and losses among others.

New York B'D Ask Amic American Furniture Carolina Caribbean Hardee's Integon Life of Carolina N.C.N.B. Corp N.C. Natural Gas Pub. Serv. of N.C Ruddick Pref Ruddick Common Son. Film Ext Wix Wellington Hall

Officials linked to drug traffic in South Vietnam hearings

At a hearing Mitchell said government officials are involved in illicit drug networks in some countries and steps are being taken to remove them. Deputy Defense Secretary Packard announced a retroactive amnesty plan for veterans discharged for drug use if not tied to other offenses and pushed for VA hospital rehab access for those with less than honorable discharges. In 1969 and 1970 the services discharged 9,387 personnel for drug abuse, with 4,182 under less than honorable conditions.

South Vietnam Mitchell Defense David Packard Packard Pentagon Congress Veterans Administration Army Navy Air Force

Alderman Studios Wins Creative Excellence Award

Alderman Studios received a creative excellence award in the 1971 U S Industrial Film Festival for a 10 minute sales film about Remington Rand’s Lektriever 100 data storage system. The film earned top recognition among entries from North America Western Europe and Australia with work produced at Alderman’s High Point facilities in North Carolina.

Alderman Studios Remington Rand Office Systems U.S Chicago Alderman North America Europe Australia High Point

Wachovia Hikes Prime Interest Rate to Six Percent

Wachovia Bank and Trust Co announced a rise in the prime rate from 5 percent to 6 percent matching Bank of Winston-Salem and other major banks. It is the first change since April 22 and follows moves by Manufacturers Hanover Trust and others.

Winston-Salem N.C Wachovia Bank & Trust Co New York Bank of Winston-Salem Hanover Trust

Charlotte Man Fends Off Robbers in Fourth Attack

An 86 year old Charlotte resident, C Clary, survived a fourth robbery in ten days when a roommate who heard calls for help fired a pistol at suspects. One youth was wounded and arrested, with five others including three juveniles held on charges across three robberies.

Charlotte C. Clary Clary

House Debates TLC Day Care Love and Tender Care Rule

North Carolina House weighs a Senate added provision requiring love and tender care in licensed day care centers. The bill creates a 15 member state licensing board with standards for sanitation space and staff ratios. Also covered are tougher drunk driving penalties and public school teacher job security pending Senate action.

Raleigh North Carolina Senate Charles Larkins D-Senoir Larkins House Hargrove Bowles Douilford

Cambodia Pincer Operation by 40 U.S. Helos Drives in 1,500 South Vietnamese

Forty U S helicopters dropped 1,500 South Vietnamese troops into eastern Cambodia in a new push against North Vietnamese forces. The operation began in light rain six to nine miles inside Cambodia, about 65 miles northwest of Saigon. A second 1,500 troop force was moving south from Kompong Track to link up at Svay Rieng on the Phnom Penh Saigon highway. The mission aims to trap a 400 strong sapper battalion, said Lt. Gen. Nguyen Van Minh.

George Esper Associated Press Saigon Cambodia Svay Rieng Phnom Penh-Saigon Kompong Nguyen van Minh Holger Jensen

Minh outlines Cambodia offensive aims and logistics

Minh described the operation to disrupt enemy communications and locate supply caches in the Parrot's Beak near Saigon and Phnom Penh. He said the drive slows North Vietnamese infiltration into southern South Vietnam, notes the terrain as a Viet Cong staging area, and that air strikes will not precede the ground operation.

South Vietnam Minh Saigon-Phnom Penh Highoy Cambodia Jensen

Red Tide Leaves Many Dead Fish Along Florida Coast

The worst red tide outbreak in a quarter century spreads 100 miles from St. Petersburg to Fort Myers. It kills fish, hurts tourism and raises disposal costs to about 10,000 dollars daily, with more than 500 tons cleared on a single day. Fishing bans apply to shellfish.

ST. Petersburg Fila Florida Gulf Coast B.C Fort Myers Miami Atlantic Tarpon Springs

Couple Held In Death Of Man

A man and his wife were held without bond in Guilford County on murder and accessory charges related to the death of Donald Carroll two years ago. Mrs. James Goins, 28, is charged with murder. her husband is charged as an accessory after the fact for transporting and burying the body. Carroll was slain near Greensboro on June 13, 1969, with the body later found in Moore County.

Greensboro Guilford County North Carolina Memorial Hospital Chapel Hill J. P. Worrell Sheriff's Department Goins Lee County Sanford Lee Moore Moore County Worrell Carrolls

Fifth SALT Session Opens With Positive Start

In Helsinki the fifth round of SALT talks between the United States and the Soviet Union began with strong, positive signals. Gerard Smith and Vladimir Semenov opened with general statements and both sides pressed for concrete results.

Helsinki Soviet Union United States Gerard Smith Vladimir Semenov

Also Mentioned on This Page

Stock Market Report Jack Lefler NEW York Exchange A.P. Stock Dow-Jones Vervessensen NEW York Stock Index Wachovia Rep McNeill Smith D-Guil Ford Ed McKnight Jim Ramsey D-Person Pat Taylor Fred Folger Lurry General Assembly Central Hearing N.main St Dahlberg Elect Inc High Point Enterprise High Point Enterprise, Inc Church Avenue Ceeee Word-Griffith Company National Advertising Representatives Green Drive Southern Furniture Exposition
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