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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 29, 1971
Page
2
The Dow Jones industrial average fell 5.33 to 866.68 at noon as declines outpaced gains on the NYSE by about four to one. Analysts cited a rail and potential steel strike, weaker leading economic indicators, and a high budget deficit as reasons for the cautious trading.
New York notes outline stock dividend terminology and ex-dividend references. Terms cover liquidating dividends declared or paid in 1971, stock-only distributions, estimated cash values on ex date, prior year payments, year to date declarations, post split issuances, and accumulative arrears. Additional items include ex rights, warrants, when distributed, next day delivery, bankruptcy or reorganization status, and foreign issues with interest equalization tax.
Armstrong Cork Co. reports second quarter earnings up 43 percent from a year earlier with sales up 10 percent. Net income estimated at $9.31 million or 36 cents per share versus $6.54 million or 25 cents a year ago. A 20 cent per share dividend on common stock and 93.5 cent per share dividend on preferred stock were declared, payable in September to holders of record in August.
The record recounts US troop withdrawal, Lao requests for supplies, and shifting aims as Laos becomes tied to Vietnam. It notes 750 Americans evacuated, possible stayers, and remarks by Harriman and Mansfield on CIA activity and public statements during the 1960s.
The article describes Rover I navigation using sun bearing, a sundial device, and an artificial North Pole via gyroscope. It explains range, terrain capabilities, power, independent wheel motors, and on-board computer and TV system as Mission Control remotely views soil sampling and climbing activities.
Kroehler Mfg Co announces total sales and other operating revenues for the first 24 weeks ending June 20 at 53,341,325 dollars, a new high for the period and up from 52,202,165 the prior year. The 1971 24-week sales rose about 10 percent versus 48,490,408 in 1970 for continuing operations, excluding discontinued bedroom furniture.
A South Vietnamese task force swept north of the Phnom Penh Saigon highway and engaged a strong Communist force. The military said 42 enemy soldiers were killed, 25 by helicopter gunships and the rest by ground troops, with no Vietnamese casualties reported. The clash occurred 12 miles northwest of Svay Rieng as part of a cross border drive to keep Highway 1 open ahead of elections.
Apollo 15 lunar mission TV coverage across ABC CBS NBC and NBS listed by day from Thursday to Monday. Times include lunar orbit entry landing excursions liftoff and redocking with progress and status reports.
NASD bid and asked quotations as of about 11 am reflect inter-dealer prices. Markets fluctuate through the day and prices exclude retail markups markdowns or commissions.
Capt. Ernest L Medina will be judged by five superior officers, all Vietnam veterans, as the court martial resumes August 16 at FT. McPherson Georgia. The panel includes four combat veterans and one noncombat veteran. one juror is Black, a first in My Lai trials. Bailey says not guilty on all counts. four to one needed for conviction.
State officials estimate 100000 more pupils will be bused to meet federal orders for fuller desegregation. Twenty two districts face an August 1 deadline to file plans likely expanding busing. Last year 702000 pupils rode buses. fleet growth expected to 300 to 400 buses from about 10500.
New York AP reports Miss Universe 1971 Georgina Rizk of Lebanon, 18, says she approves of sex before marriage. She tells a news conference that people must have a lot of experience and that marriage is not a simple thing.
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