Market Holds Under Tone Despite Profit Taking Pressure
The New York stock market showed a good undertone with the noon Dow down 3.54 at 943.33 amid profit taking. IBM and Polaroid led gains while concerns of downward adjustment rose after a long advance, but the economic backdrop remained sound and investor optimism high.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
IBM
Polaroid
Control
Xerox
Mohawk
Associated Press
Crown-Zellerbach
Continental Can
Branifé Airways
Matsushita Electric
Dow Jones Averages Mixed In Early Trading
The morning report shows slight declines in major stock indices with the Dow Jones average nudging lower by about 1.2 percent. Industrial and utility sectors show modest shifts while bond averages hold near recent levels across varied issues.
New York Stock Exchange Indexes Edge Down at Noon
The noon index readings show slight declines across sectors with small losses in industrial and transportation groups. Utility and financial shares also slipped modestly as traders watched market activity.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Transportation
Utility
Finance
Iatasws Ea
ITT Extension Request and Settlement Details
The discussion centers on a letter from ITT consultant Lawrence E. Walsh requesting an extension in a Supreme Court case. McLaren explains he opposed the extension but anticipated new input. The extension was granted, then the case settled July 31 after the Justice Department appealed when the extension expired. Witnesses include former Atty. Gen. Mitchell and ITT lobbyist Beard. questions loom about ITT funding tied to the 1972 Republican Convention.
MENTIONED IN THIS ARTICLE
Erwin N. Griswold
Supreme Court
Justice Department
McLaren
ITT
Rohatyn
Kennedy
Harold Geneen
Walsh
Geneen
Atty
John N. Mitchell
Dita D. Beard
Beard
Anderson
Bemco Associates Names Officers as Sales Rise in 1971
Bemco Associates Inc. reports 1971 sales for the national line rose 15.8 percent over 1970. D. R. Meier announces new officers for the coming year: Budd L. Moser of Huntington West Virginia as president Albert J. Collins of Savannah Georgia as vice president Herbert L. Behrens of Spring Hill II as secretary and William C. Marshburn of Dunn as treasurer. The group now includes 14 member firms.
MENTIONED IN THIS ARTICLE
Bemco Associates, Inc
Bemco
D. R. Meier
Budd L. Moser
Huntington
W. Va
Albert J. Collins
Savannah, Ga
Herbert L. Behrens
Springhill II
William C. Marshburn
Dunn
Indian Head reports rising profits and record sales for 1971
Indian Head Industrial Company posts net income of 13.3 million dollars or 2.67 per share for the year ended November 27 1971, up from 12.2 million and 2.55 per share in 1970. Sales reach a record 446 million dollars, vs 414 million in 1970. In a stockholders letter Robison Powers Lear predict stronger profit opportunities in 1972.
MENTIONED IN THIS ARTICLE
Indian Head
James E. Robison
Richard J. Powers
Robert W. Lear
Mutual Insurance Agents Leader Attends Carolina Meeting
Murray M. White Jr. of High Point attended the Carolinas Association of Mutual Insurance Agents quarterly board meeting March 3-5 at Hilton Head Inn. White serves as president of the bistate mutual agents group and is with Murray M. White, Inc. of High Point.
MENTIONED IN THIS ARTICLE
Murray M. White Jr
High Point
Carolinas Assn. of Mutual Insurance Agents
Hilton Head Inn
Hilton Island
D.C
White
Bistate Mutual Agents Association
Murray M. White
Bomb threat targets TWA jetliner at Kennedy Airport
A TWA 707 bound for multiple cities including New York faced a bomb blast in the cockpit after landing. Detective Schmitt defused a C4 device. the plane had 45 passengers and seven crew. Authorities traced a ransom warning from a locker near Las Vegas.
MENTIONED IN THIS ARTICLE
Louis Mills
TWA
McCarran
Las Vegas
Kansas City
St. Louis
Cleveland
New York
London
FBI
William F. Schmitt
Police
Kennedy
Schmitt
Los Angeles
California
Rogers Predicts Progress in 1972 and Bangladesh Recognition
Secretary of State William P. Rogers forecasts more than ordinary progress in foreign affairs in 1972 and says the United States will soon recognize Bangladesh. He criticizes Soviet restraint in crises and outlines U.S. China dialogue and arms control steps while noting Bangladesh is now separately governed after Pakistan’s authority ended.
MENTIONED IN THIS ARTICLE
Washington
William P. Rogers
United States
Bangladesh
Rogers
Moscow
Nixon
Senate Foreign Relations Committee
Pakistan
Britain
Soviet Union
China
America
Peking
State Department
Rodgers
Defense Attacks FBI Informer in Berrigan Conspiracy Trial
In Harrisburg the defense questions FBI informant Boyd Douglas Jr. seeking to undermine his credibility and suggest planting by the FBI. Douglas conforms, denying fabrication as cross examination continues, with defense arguing the case is a frameup linked to Berrigan and co defendants.
MENTIONED IN THIS ARTICLE
Harrisburg
Philip Berrigan
FBI
Boyd Douglas Jr
Douglas
Ramsey Clark
Lewisburg
Berrigan
Henry A. Kissinger
Washington, D.C
U.S
Confiscated Liquor Linked to Judge in North Carolina
Two Cleveland County deputies testified that Judge John Mahoney ordered them to deliver confiscated liquor and beer to his Shelby home. The state SBI opened an inquiry, while Mahoney denied being misquoted. The incident followed a November court case in which Charles Moore was fined for possession with a portion suspended.
MENTIONED IN THIS ARTICLE
Shelby
N.C
Cleveland County
John Mahoney
J. Haywood Allen
State Bureau of Investigation
Mahoney
Glenn E. Jenkins
Herschel E. Spangler
Allen
Jenkins
Spangler
Force
SBI
Raleigh
Mooresboro
Charles Moore
Moore
Local newspaper notice of subscriptions and distribution terms
The notice lists carrier weekly monthly and yearly rates, mentions sales tax in North Carolina, and notes AP reproduction rights. It states second class matter at the High Point Post Office and that carriers are independent contractors with no responsibility for advance payments. It directs readers to contact their local carrier for home delivery rates.
MENTIONED IN THIS ARTICLE
Word-Griffith Company
Nationel Advertising
Bandit Robs Flash Market on St Main Street
Police report a lone bandit robbed the Flash Market on St Main Street at about 1 10 p m. The thief wore a green shirt and blue pants and used a .32 caliber revolver. No additional details were immediately available.
MENTIONED IN THIS ARTICLE
St. Main Street
McCloskey Quits GOP Hurdle If 20 Percent Fails
In Concord California congressman Paul McCloskey signals dropping out if his vote share falls below 20 percent. despite a near 20 percent read, he cites insufficient funds for an effective campaign and weighs continuing if finances improve. Yorty, Ashbrook, Hartke and others field varied results through the night.
MENTIONED IN THIS ARTICLE
Loeb
Los Angeles
Sam Yorty
Manchester
Concord
Paul N. McCloskey
California
John Ashbrook
Ohio
McCloskey
New Hampshire
Florida
Yorty
Mills
Vance Hartke
D-Ind
Also Mentioned on This Page
Stock Market Report
American Exchange
Carole Martin
Shell
Searsgd
Sears
Shell Oil
ShellTr
Colg Pal
Aeree Collins
Minnmm
Colonnist
Minnplt
CBS
Exchange
Monsant
Montout
AO Indust
Ark Best
Connatg
Mtstatt
Arklgas
Alamera Oil
Air Lin
Nabisco
Nat Airline
Nat
Barnes Engie
NatCash R
Brascan Ltd
Nat Fuel
Buttes Gs Oil
Certron Cp
Cowles
A. Cinerama
Cox
CPC
Nat Steel
CreuseHind
Natomas
Dixilyn Corp
CrowColl
Newmat
Felmont Oil
Frontier Air
Dan River
Gen Plywood
Norfolk
Giant
Yel
DaycoCp
Norris Ind
Gt Basin Petres Deere Co
del Mate
Noamr
Delta Air
Instrum Sys
DetEdis
Northr
It! Corp
Nwst Aird
Jamesway
MeDiam Sham
Jetronic Ind
Dillon Co
A. Norton
Kaiser
Disney
NortSim
Kin Ark Corp
s _ Kinsford
Dr Pepper
Ava Occidp
Lafay Radio
Lee
OhioEdis
Ling Tvgt
Okla GE
LoewsThe
Duke Pw
Okla Ngs
duPont
Olin Corp
Marshal Ind
Omarkin
East Air Lin
Owen Crag
Milgo Elect
EasKod
Newldria Nin
Eaton
Owen N
PO — NewPark Ma
VelOrmand Ind Sa Ae
Eipasong
al Ozark
Permaner
Phoenix
Evans
Penn Cent
Fair Ind
Penney
Scurry Rain Fansteel Inc
PaPwh
Statham ins D+ & Fedders
PennzUn
Syntex
Pepsico
Technicolor
Feddstr
Telepromtr
Filtrot
Firestone
PritMorr
Phill Pet
Viewlex
Pitney
Vikoa Inc
VLN Corp i
Westates Prts
FMC
Wiltshire Oil
Ttate “ Food Fair
Yates
Ford M
Pubscol
Yonki Race
ForMeks
PSV EG
GAC Corp
GAF Corp
Pullman
Sko
Questor
Iam
Ww Exchange
Gannett
Ralstonp
Banco Inc
Raytheon
GenMills
Rdg Bate
Reich
Repub
Arizona la
Gettyo
Ilb
AlcanaAlu
Gillette
Aaa
Roy Ccola
Alleg Cp
Las Lal
GlenAid
Global Marin
Ryder Sy
Goodrich
Aa Tin’ Ae Allied
Goodyr
Nu — Safeway
AlliedStr
Grace
Stioem
Wist
Sar
Alcoa
AMBAC
Sanders Asso
AmHess O
Am Artin
SCM Corp
Scoa Ind
Ameipw
Va Am Motors
At&t
AME Inc
AMP Inc
Ampex Corp
Apeco Cp
Armco St
Atlas Corp
Avco Corp We
Beckman
Reechar
Bell How
Bendix
BenefiCp
Boeing Co
BoisCas
Borden
Ae BorgWer
Brunswek
Budd
Bulowaw
Ramo Mt
Burl Ind
Cal Finan
Caro
Castlecke
Chris Craft
Clark
GultWe
Halliburt
Harris
Smith Ae
Heublein
Sony Co
Southn Pac
Honywil
SouthRy
Sperry R
B's
St Brands
Idaho
Swift Co
Iowa
Iowapsy
Tektronix
Itek Corp
S4ia
Teledyne
Sid — Sps
Telex Cp Magie Wa Ws Jewel Co
Tenneco
KimbCik
Knight
Koppers
Kratico
Kresgers
Kroger
VAL Inc
UMC Ind
LemVal Ind
Ns Na
Lenmar Ote
UN Pac Cp
Levitz Furn
Lipoofa
Uniroyal
Air
LI Demons Is
Unit Corp
US Steel
Ongielt
Upjohn
Varian
Marath
Marcor
Dss
Gat Martin i” Dea
Wrunion
WestgEl
Weyerns
Medord
WhitFry
White Motor
Melving
Whittaker
Williams Co
Merck
A Zale Corp
Zenith
NEW York Exchange
A.P. Stock
Ind. Rails Util
Dow-Jones
Ie Util, Fon. Ltd
NEW York Stock Index
Indochina
Pentagon
Father Berrigan
High Point Enterprise
High Point Enterprise, Inc
Church Avenue
Bulletin
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