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High Point Enterprise in High Point, North Carolina

11 Jul 1972

Page 2

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This newspaper page contains 15 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 11, 1972

Page

2

Market slips for third straight session on New York exchanges

The Dow fell 5.72 to 926.55 as the New York Stock Exchange index dipped 0.32 and the American Stock Exchange price change index slid 0.09. Analysts cited uncertainty over Senator George McGovern's nomination and mixed airline stock activity amid lower earnings expectations. UAL tumbled 2.5 to 34. UAL and American Airlines traded lower with a delayed opening. Max Factor traded 215,600 shares at 30, its most active block, amid news of anticipated lower earnings.

MENTIONED IN THIS ARTICLE

NEW York New York Stock Exchange American Stock Exchange George McGovern California Robert Johnson Paine, Webber, Jackson & Curtiss Monte Gordon Sartorius & Co McGovern UAL Inc Coly Pal Aerojet Oreee Comsat MorNor Motorola AO Indust Arklgas Mtstatt Alamera Oil Nabisco Brascan Lt 1B Air Lin Nat Airline Gs Oil Cinerama Nat Distil Dillard Va Cooper Dixilyn Corp Nat Gyp Cowles Com Nat Indust Electrospec Cox Boost Nat Steel Ala Essex Chem CPC Nat Tea Natomas Frontier Air CrowCell NewPow Crown Cork We Newbury CronZell N EngEl Newmat Ning MP Dart Ind Instrum Sys Norfolk Norrisin Jetronic Ind Deere Co Kaiser Noamrk Delta Air NoStaPw DetEdis Northrop Ms Lafay Radio Nwst Air Lee Disney Tabaa Norton SarensThe Norsim LTV Corp Dr Pepper McCrory DomeMns Milgo Elect Okia GE Newldria Mn Duke Pw Okia Ngs Mew P& Reer duPont Se Olin Ckorp Nor Cdn Olis Ve Okc Corp Dynam Am el Otis Elev Ormand Ind On Riel Mar Ozark Airtin East Air Lin Owen Cng Permaner BasKoo Owen It Eg&g Eipasong pacTat Statham PanAm Wair Syntex Basco Inc Teleprompt EvanPd Penn Cent Tonka Co PennDix CnBrands Fairch Cam Valspar Fairind Fansteel Inc PaPwl Fedders Va Vikoa Inc Bsa PepsiCo Westates Pt VLN Corp Phelps Wilshire R ' Firestone Phila el Yates PhilMorr Associated Press Fia Publkind Divi- Gac Corp Pullman Corp Ralston Banco Inc Aytheon Gla GenElec RCA Bu Genfood Reading Gen Tire Ib Mo ReynMet Airce Deery le Wa Rohr Akrona la Gettyo Reyccola AicanAly Gillette GlenAld Ryder Global Marin Goodrich Safeway Greece AlliedStr Grant Grtaae Alcoa GreenGiant SanFeint Airlin ScherPig Grumm SCM Corp AmBacst Scoa Ind Hispath Acrysug Amespw Searsr Halliburt Shell Ol Harris Hercule Sienai Co Hoernwal Sony Co le South Co Wha AMP Inc Soungas Ampex Corps Hongwil asouPac Howmet Savidb Um BM Um idahoPw StBrands High Point Alles Corp Office of R. S. Dickson Powell Aveo Corp Anheuser-Busch Tree Balt GE Ashe Swift Co Bassett Furn Beckman lowBeeft Eos BeechAr Towa Pswv Tampa el Binnings Bell How Wwitek Corpla Tektronix Brown Bendix Died Am Teledyne BenefiCo Jewel Co Telex Co Carolina Caribbean JonmMan M's I . Tenneco Ott Wenes Bernsti E Johnson Tesoro Pet Kato JonLogn Cochrane Furnene Borden Texasinsta BorgWar KaisAlum Texpla Daniel Intl. Com Brist My Kangse Textron Diamondhead Corp Brit Pet Thirko Brunswck ThriftyDg Mort. Ins KayserRo Timken Vievaw Kennecott Todd Ship Bunkr Ramo Kerr E Henredon Burling KimoCik BuriNor Tal Knight Siva TriCon Hickory UMC Ind Lane E Eeee Caroli Lenpcem Uniroyal Ncnb Corp Levitz Furn Air N.C. Natural Gas Cencoiist Liddofd Inv CerroCp Northwest Inv. Com CessnaAir Oakwood James UnivCpg Piedmont Avia Chris Craft Tyo LongisLt Uptown Vile N.C Lon Quality Mills Eee I Lukensabe Varian Assoc le Tae Lvo Corp VendoCo .Ie Clark Lykes Yngst VariPw Unifi Inc ClevEllic Cocacol Macke Cox Wachow Co Macy Madison Wellington Hall Eee Nagroos WarAir Lin Retm Ranc New Cameron Fin Corp Marcoree Ae WnUnion West Knitting WestgEl Martin Weyerhs Wright Machinery Mayostr Les Whittaker Williams Memorex Merck Fai MGM Xerox Co
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Over-The-Counter Bid-Ask in Bankruptcy Context

The text notes over the counter bid ask conditions amid bankruptcy or receivership proceedings or reorganizations under the Bankruptcy Act. It also mentions securities assumed by such companies and foreign issues subject to interest equalization tax.

MENTIONED IN THIS ARTICLE

Ward-Griffith Company National Advertising Representatives
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NASD Inter-dealer Price Quotes At 11 A.M. Snapshot

The NASD quotes representative inter-dealer prices as of about 11 a.m. Prices reflect inter-dealer markets and fluctuate through the day and do not include retail values.

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Vote on Illinois GOP hospitality room at Fontainebleau

Newsmen covering the Democratic National Convention have access to a hospitality room run by the Committee for the Re election of the President at the Fontainebleau Hotel in Miami Beach. The setup underscores party efforts to engage media during the event.

MENTIONED IN THIS ARTICLE

Miami Beach, Fla Committee For Fontainebleu Hotel
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Dow Jones Averages Stock Summary

Market notes show mixed activity with the Dow Jones averages aligning across industrials utilities and rails. Investors weigh higher grade rail steel and related trades amid steady overall indices and cautious trading patterns.

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Choppers Fail to Hit Bunkers in North Vietnam Air War

U S commander cites cloud cover delaying fighter bomber strikes over North Vietnam with fewer missions than planned. North Vietnam reports its gunners in Ha Bac Province shot down a USS Phantom and captured the pilot.

MENTIONED IN THIS ARTICLE

U.S North Vietnam Ha Bac Hanoi
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New York Stock Exchange Index At Noon Report

The noon New York Stock Exchange index shows a slight decline with the market down 23 cents to 99.52. Industrial, transportation, and utility sectors display modest losses amid a mixed trading day.

MENTIONED IN THIS ARTICLE

NEW York New York Stock Exchange Binchana
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Colllins aide testifies Dean Haag claims congressman set payroll kickbacks

In Washington the former top aide to Rep Jim Collins testified that Collins directed a pay scheme to award 1968 campaign bonuses via congressional payroll. Haag described records removal and a plan to place Henning and Fortner on payroll to rebate funds, with others to receive bonuses.

MENTIONED IN THIS ARTICLE

Washington Texas Jim Collins House George A. Haag Dallas Jack Anderson Hadeen U.s.district Court Collins Haag Kenny Newman Michael D. Henning Lynne O'Shea Henning Ray Fortner Jr FBI Leslie Scherr Scheer Scherr Stephenson
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Kentucky Delegation Vote At DNC Roll Call

At about 4 15 a m during the Democratic National Convention roll call a disputed Illinois delegation seating vote from the Kentucky group read The Kentucky vote is 36 yes 10 no one asleep and not voting.

MENTIONED IN THIS ARTICLE

Miami Beach Fla Illinois Kentucky
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Nixon Committee Seeks Delay in Break-In Suit Hearing

The Republican committee asks a federal court to postpone a $1 million damages suit by the Democratic National Committee over the May 15 break-in and bugging at Democratic headquarters. Attorneys say court timing could affect campaign workers, contributions, and confidential information ahead of the November 7 election.

MENTIONED IN THIS ARTICLE

Washington Committee Nixon U.S. District Court Lawrence F. O’brien James W. McCord Jr John N. Mitchell Kenneth W. Parkinson McCard
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One Way Phone Lets O'Brien Reach Delegates All

Lawrence F. O'Brien the convention chairman uses a telephone hookup to speak to all delegate chairmen on the floor at once. The line is one way and does not allow replies.

MENTIONED IN THIS ARTICLE

Miami Beach Fla Lawrence F. O'Brien
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O'Brien Said To Have Had Enough For Now

Sen. Abraham Ribicoff said Democratic National Committee Chair Lawrence F. O'Brien has had enough and would like to quit after the current period ends. He noted the job is tough and impossible to please everyone. McGovern would keep O'Brien if he chose to stay, while O'Brien himself offered no commitments.

MENTIONED IN THIS ARTICLE

Miami Beach Fla Abraham Ribicoff Connecticut Democratic National Committee Lawrence F. O’brien Ribicoff Larry George McGovern O’brien
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Boone Case Suspect Sentenced for Auto Theft

Dean Chandler 20 pleaded guilty to a car theft charge and was sentenced to five years in a federal penitentiary by Chief Judge Woodrow W. Jones. He also faces state charges of accessory after the fact in the Feb. 3 slaying of Bryce Durham, his wife Virginia, and son Bobby in Boone.

MENTIONED IN THIS ARTICLE

Asheville Dean Chandler Bryce Durham Boone Woodrow W. Jones Chandler U.S. District Court Virginia Bobby
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Funeral of Ecumenical Patriarch Athenagoras Held in Istanbul

In Istanbul today a large funeral service for Ecumenical Patriarch Athenagoras drew officials from many nations and Christian denominations. Metropolitan Archbishop Meliton led the rites as the leading candidate to succeed him, while Greece protested conditions set by the Istanbul governor for the forthcoming patriarchal election.

MENTIONED IN THIS ARTICLE

Istanbul Turkey Athenagoras Meliton Patriarchal Holy Synod John Tsounis Greece Ferit Melen Vera Poyraz
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McGovern delegates edge toward California showdown at convention

The convention opened amid protests and shifting loyalties as 151 disputed California delegates joined McGovern’s bloc. Debates and adjournments marked a tense start, with credentials votes delaying California until after a South Carolina test and McGovern’s bloc nearing the needed majority.

MENTIONED IN THIS ARTICLE

Daley Jackson Chicago William Singer Michigan Texas Rhode Island Washington Connecticut Oklahoma South Carolina Alabama California O'Brien McGovern Lawton B. Chiles Claude Pepper Florida Miami Beach Chuck Hall O’brien Frank Mankiewicz Muskie
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Also Mentioned on This Page

Stock Market Report American Exchange GOP Hospitality Fila Richard J. Daley Ariz Ark Calif C.Z. Colo Conn Il del D.C Fla. Ga Guam Haw Ida Ill Ind Iowa Kan la Ky Me. Md Mass Il Mich Minn Miss Mo Mont Neb Nev N.H N.J Ohio Okla Ore. Pa S.C S.D Jer Utah Rubin Abbie Hoffman V.I Wash W.v. i Hoffman Wgo NEW York Exchange A.P. Stock Ind. Rails Associateg Dow-Jones NEW York Stock Index Rep Jim Adams High Point Enterprise High Point Enterprise, Inc Church Avenue High Point E. L Chick Whitley Distr S. Chapman ST Greensboro Humphrey Nash N. Main
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