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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 09, 1971
Page
6
Asphalt Associates Inc announced their Jackson Lake Road plant is fully operational. Founded last August the firm has more than half a million dollars invested in equipment with first year sales expected above 700000 and likely exceeding 1 million dollars.
The Dow fell 9.34 points on Monday in the week's trading, the steepest drop since March 24, but recovered to close at 936.97 on Friday, down 4.78 from the prior week. The AP 60-stock average slipped 3.3 points to 328.4 as markets steadied.
Prices from the NASD represent approximate interdealer values around 3 p.m. Thursday and exclude any mark-up or commission. Markets shift throughout the day as dealers buy and sell.
Five central banks including West Germany and Austria halted foreign exchange dealings and reined in dollar support amid rising inflation concerns. The move followed massive dollar inflows and could trigger currency revaluations, affecting U S firms abroad and consumer prices. U S Steel announced a 6 percent price rise amid ongoing steel industry wage negotiations as wholesale prices climbed 3 percent in April.
George D. Davis joins Connecticut Mutual Life Leaders Round Table 1971 for service and production. John Stanton to Fellowship of Institute of Incorporated Photographers of England. senior membership signals high standing. Fancourt named 1970 Man of the Year by Phi Psi. NC State Eta Chapter honors textile industry contributors. Jefferson-Pilot Q1 earnings rise. dividend up to 22 cents. March sets record for savings inflows and mortgage loans at NC associations. Morning Glory earns 1971 Golden Cup for quality coffee at 1539 N Main St High Point. New officers and eight directors installed by High Point A M Society. Randall Kent Davis named NC district manager for Davis Furniture Industries and L Paul Brayton Ltd. to reside in High Point.
Ford Chrysler and American Motors filed petitions in the 6th U.S. Circuit Court of Appeals to halt a federal safety regulation requiring air bags or similar restraints in all cars. Ford voiced support for interior protection but criticized the standard as legally and otherwise deficient.
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