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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Mar 07, 1972
Page
2
American Exchange trading sees profit taking after Friday and Monday rallies. The Dow Jones 30 falls 2.78 to 947.40 at noon, with advances over declines less than 7 to 5 on the New York Stock Exchange. Rite Aid slips amid news of a 3 for 1 split and dividend increase plans.
Ex dividend and distribution terms for securities including ex dividend, ex rights, ex warrants, and when issued or distributed. Notes cover next day delivery and bankruptcy or reorganization status under the Bankruptcy Act and foreign issues with interest equalization tax.
Federal audits reveal overcharges and improper expenses by insurance carriers in the Medicare program. They fault firms for exceeding reasonable fees and misallocating costs such as golf balls, country club dues, liquor, and leased cars, while noting some contracts being terminated or reduced.
Doctors differ over Dita Beard emotional state as she remains hospitalized in Denver while Washington figures press for her testimony on ITT antitrust actions. Liszka cites circulatory issues and drinking while Radetsky counters the charge as overstatement. Beard seeks to testify despite the hospital stay.
The Associated Press reports the Dow Jones averages and bond averages with daily, weekly, monthly, and yearly figures. It lists rails, utilities, industrials, and bond sections showing highs, lows, and percent changes across various time frames.
New York stock indices show varied movement at noon with gains in transportation and finance lists offset by declines in utilities and other sectors. The Dow Jones Industrial Average, Transportation index, and Finance index display modest shifts amid ongoing market activity in New York.
Adams-Millis Corp. sales held steady for the year ended December 31 while profits fell. 1971 sales totaled 54,204,215 with net income of 1,643,187 or 73 cents per share, down from 2,284,965 or $1.20 in 1970. Restated 1970 figures reflect acquisitions of S. & S. Mills and McCaiston Knitting Mills.
Two gunmen hijacked a Chalk's International twin engine seaplane at Watson Island near Miami. They wounded pilot James Cothron and engineer Douglas Mackenzie in a gun battle with police before forcing the craft toward Cuba. Co pilot was coerced to fly. Authorities say the hijackers demanded to leave the country.
George W. Randall deputy corrections chief named first secretary of the new Department of Social Rehabilitation and Control. Gov. Scott says the post takes effect April 1 and will oversee corrections parole youth development probation and related boards as part of a statewide government reorganization. Randall previously served in the North Carolina House and held prison administrator roles in North Carolina and Oregon.
Jacqueline Kennedy Onassis testified that photographer Ronald Galella lingered close to photograph her and even touched her. She described stalking behavior since 1969, including sneaking from her apartment to avoid him, and asked a court to keep him away from her and her children.
Over The Counter bid and ask quotations representative of inter-dealer prices as of about 11 a.m. Prices exclude retail markup or commissions. Listings include American Furniture Carolina Caribbean Hardee’s Integon Life of Carolina N C National Bank Public Service of North Carolina Ruddick Pref Common and other entities with varying bids and asks.
Singer Tiny Tim whose real name is Herbert Buckingham Khaury files for legal separation from wife Miss Vicky Buckingham Tim, 17 at marriage, after a televised wedding on Johnny Carson's Tonight Show. The couple, with their 10 month old Tulip Victoria, are apart in New Jersey as Tim laments debts and declares love for his spouse.
The High Point Enterprise, established 1884 and published daily plus Sunday edition, reflects its long local press presence and schedule in the Piedmont region.
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