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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Mar 07, 1971
Page
6
The Dow Jones 30 closed at 898, up 19.17 for the week and the best close since June 11 1969. The Associated Press 60-stock index finished at 313.6, up 7.2 to a new 1970 1971 high as analysts cited encouraging economic news fueling the advance.
Interdealer prices near 3 p.m. Thursday reflect NASD quotations. Markets change through the day. prices exclude retail markups, markdowns, or commissions.
Food Town announces a 20 000 square foot High Point market on Highway 311 South, the chain’s 14th unit. Tom Wolfe and Ralph Ketner say completion by late May with full grocery, produce, meat and frozen foods, plus Save-Rite warehouse buying enables everyday low prices.
Senate Banking Committee plans a public hearing next Tuesday to question William J. Casey 58 about his qualifications to lead the SEC amid prior civil suits and disputed testimony. Also notes IOS founder Cornfeld barred from brokerage work and related market moves and a Suffolk County antidetergent law.
The Metropolitan Opera now accepts credit card numbers by telephone orders and at the box office. Arrangements with five card issuers allow patrons to telephone in their numbers and pick up tickets just before curtain. This reduces the need to visit the opera house before performance day.
The greatest concentration of genius was centered in Athens between the 5th and 2nd centuries B C. A population under 25 000 produced Pericles Plato Aristotle Themistocles and other notable figures of equal rank.
Simmons Company reports 1970 net income of 9 071 656, down 3.1 percent from 1969. Sales rise 6.5 percent to 271 387 091. Per share earnings fall to 3.11 from 3.27. Dividends remain 1.80 per share. Geo A Hormel announces first quarter earnings 5 663 000 or 2.38 a share, with 1.50 annual dividend. Federal Reserve survey shows Fifth District banks' loans and deposits movements. Southern Furniture Manufacturers Assn profile. White, Oak Ridge alum, joins Myrtle Desk in 1946.
Three Cited Associate sales manager H. A. Parker and agents Jack Biesecker and Jack Payne of the Winston Salem district of Life and Casualty Insurance Co. of Tennessee named members of the S and C President's Honor Guard. Parker and Biesecker of High Point and Payne of Thomasville belong to an honor club of the 100 leading life insurance salesmen in the 2,200 member field force.
Markey Fabrics Inc president Markey announced formal opening of a 2500 square foot fabric shop at Meadow Green Shopping Center Eden. The new store joins Forest Heights Statesville Eastgate High Point Kenner Salisbury locations. Each carries fashion fabrics patterns and notions.
Francis White director of personnel for Myrtle Desk Co. is elected to the board of directors of the Industrial Relations Division of the organization. He joins other leaders in overseeing employment practices and worker relations developments.
The American Production & Inventory Control Society Piedmont Triad Chapter will hold its annual bosses night Tuesday at the Astro Room Restaurant in Greensboro. Bland Worley, president of Wachovia Corp, will discuss the money situation and its effect on the industrial economy with focus on the Piedmont area. Social hour starts at 6 15.
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