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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Mar 02, 1972
Page
2
The Dow Jones average rose to 937.69 as trading remained active with mostly fractional gains. Bristol-Myers and oil shares lagged while electronics posted strength amid news of a 6.2 percent rise in January factory orders to 63.1 billion dollars.
Sander P. Alexander and Aubrey L. Cole have been appointed senior vice presidents of U. S. Plywood Champion Papers Inc. They will report to Karl R. Bendetsen, chairman and chief executive officer of the company.
The report lists Dow Jones Averages and bond group figures with noon Thursday values and prior day, week, month, and year references. It includes sectors like Industrials, Transportation, Utilities, and various bond categories with high and low marks and percentage changes.
BIC overtook the vessel and fired warning shots when refused to stop. Agents boarded the ship, took it to Marseille for search, found heroin stashed in water tight sacks hidden under tank areas and in cement holds. Police seek the source of the narcotic.
New Orleans jazz trumpeter Al Hirt, 50, underwent abdominal surgery at the Medical College of Virginia in Richmond. A hospital spokesman said his condition Wednesday was satisfactory.
Inter-dealer NASD quotations show bid and ask levels around 11 a.m. Prices reflect inter-dealer markets and exclude retail markups or commissions. Market activity varies through the day as bids and asks move.
Testimony recounts that Kleindienst largely absent in key ITT talks while Hart notes public faith in government wanes. Kleindienst asserts no knowledge of ITT pledged backing for GOP costs or improper influence on settlements, requesting open reply to Anderson charges.
Lowe's Companies, Inc. announces all time highs for the first six months of fiscal 1972 with sales totaling 103,888,949 and net earnings after taxes of 3,795,799, up 42 percent and 47 percent respectively from the prior year. Earnings per share reach 60 cents versus 41 cents, with prior year EPS adjusted for a 50 percent stock dividend in December 1971.
Police seek two Black men who robbed Mann's Drug Store at West Chester Mall around noon. One distracted a clerk at the prescription counter while the other grabbed a bag of cash prepared for bank deposit. No gun was used.
FBI informer Boyd Douglas Jr testified at the Harrisburg Seven conspiracy trial that he was selected to plant explosives to blow heating tunnels in Washington DC. He said the plot dated to summer 1970 and would have occurred on Washington's Birthday. He described meetings with defendants Anthony and Mary Scoblick and noted his secret role as explosives expert.
John P. Ashton, long time textile executive from Millville New Jersey, joins Phillips-Davis Inc as vice president in charge of styling and product development. Ashton began in a textile mill at a young age, earned a Clemson textile engineering degree in 1952, founded Ashton Textiles Inc, and most recently led upholstery at J Stevens & Co in New York.
New York noon market report shows the overall index at 59.86, up 0.16. Sub-indices include Industrial at 65.24, up 0.19. Transportation at 53.63, up 0.07. Utility at 0.34, up 0.05. Finance at 74.92, up 0.37.
New York Mayor John V. Lindsay says he will march in the St Patrick s Day parade with a black armband to salute the 13 Irish killed in Bloody Sunday at Londonderry. He plans to visit his grandmother s grave there and hopes for a United Ireland.
Democratic governor candidate Skipper Bowles unveiled a plan to finance $125 million for expanded vocational education over two years without new taxes. He proposed $300 million in next biennium via tax revenue growth and reallocation, plus a $140 million capital bond and a surplus of about $147 million projected at year end. He urged boosting teacher and state employee pay and cited existing cigarette and soft drink tax revenues.
The article notes that the ideal Christmas tree evergreen depends on location and taste, highlighting balsam fir as a top option. It mentions firs retain needles well and offer a pleasing fragrance compared with other evergreens.
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