Market Dip Edges Lower as Investors Pause Trading
Stocks slipped in moderate trade as the Dow fell 28 points to 906.13 amid worries over potential rate hikes and a looming consolidation phase. Kaiser and McGraw-Hill blocks traded while AP index nudged up slightly on mixed industrial and rail performances.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Kaiser Industries
American Stock Exchange
McGraw-Hill
Gulf Oil
Terminal Hudson
Loew’s Corp
Po Yates Industries
Wood wins first place in RMA Southeastern Case Studies Contest
Steven B. Wood of High Point son of Mrs. George T. Wood Jr. received a first place award for his case study at the Robert Morris Associates Southeastern Chapter Competition held during the AMA Southeastern convention in Atlanta. Wood is an officer candidate at The First National Bank of Atlanta. First National has captured eight of twelve possible first place awards over six years as Southeast bankers’ leaders compete for top honors.
MENTIONED IN THIS ARTICLE
Steven B. Wood
High Point
George T. Wood Jr
Robert Morris Associates
Southeastern
Wood
Atlanta
First National
Thearger Commercial
Southeast
RMA
National Association of
Bank Loan Officers
First National Bank of Atlanta
Rhodesia's first pop festival draws crowd of about 15000
Police in Salisbury report pleasant surprise at the orderly behavior of about 15 000 attendees at Rhodesia's first pop music festival at Glamis Stadium. Officers cut power an hour after the legally permitted close of the public meeting.
MENTIONED IN THIS ARTICLE
Salisbury, Rhodesia
Rhodesia
Polce
Glamis
J C Penney Sees 13.7 Percent First Quarter Earnings Rise
J C Penney Company reports for the 13 weeks ended May 1 a net income of 16.6 million dollars, up from 14.6 million last year. Primary earnings per share rise to 31 cents from 27 cents, with fully diluted same figures. Sales climb 9.9 percent to a record 921.94 million dollars from 838.63 million.
MENTIONED IN THIS ARTICLE
J. C. Penney Company, Inc
Penney
Freeman Associates Ranks No 418 in Design Firms List
Wm F Freeman Associates, a full service design planning firm based here, is ranked 418th among top 500 design firms by Engineering News Record. The firm will open an office in Santiago Chile to expand Latin America operations with Alfred Leontic in charge. Leontic is a Santiago native and engineering graduate who has worked in the High Point office. The firm also maintains an office on St Croix in the U S Virgin Islands.
MENTIONED IN THIS ARTICLE
Wm F. Freeman Associates
Engineering News-Record
Santiago
Chile
Latin America
Alfred Leontic
Jan Engineering
Auniversity
Leontic
High Point
Whitley Promoted to Staff Manager in Greensboro District
R D Whitley former Home Security Life Insurance Co agent in High Point rises to staff manager. Greensboro District Manager R M Propst says he will coordinate agents across five areas in Greensboro and Liberty communities. Whitely a High Point native joined July 1968 and earned the 1970 Presidents Club honor. He is married to Judith Gail Thomas with two children.
MENTIONED IN THIS ARTICLE
R. D. Whitley
Home Security Life Insurance Co
High Point
Greensboro
R. M. Propst
Whitley
Liberty
Propst
Home Security
High Point Central High School
Judith Gail Thomas
Sky City Stores Posts 32 Percent Sales Gain Year Ended Jan 31
Sky City Stores Inc reports fiscal year sales of 30,604,240 for the year ended January 31, a 32.1 percent rise from 23,167,421 the prior year. After tax earnings reach 809,000, up from 695,000, a 16.3 percent increase. The chain runs discount stores in High Point Asheville Hickory Waynesville Charlotte North Carolina and operates four stores in South Carolina two in Georgia and three in Tennessee. Seven conventional-type stores are also operated.
MENTIONED IN THIS ARTICLE
Sky City Stores, Inc
Sky City
High Point
Asheville
Hickory
Waynesville
Charlotte
Vandalism and Burglary Hit Dallas Schools Budget
Vandalism and burglary in Dallas schools totaling 91000 dollars have nearly doubled the 50000 dollar budget for such acts. The 50000 dollar allocation was exhausted in February.
MENTIONED IN THIS ARTICLE
Dallas
North Carolina House backs broad buyer protection bill
The House Banking committee approved a sweeping buyer protection measure with only one dissenting vote. Sponsor Rep. Richard Clark aims to curb retail credit abuses by setting finance charge limits and tightening the holder in due course doctrine. The bill also adds a 30 day buyer right to object when a contract is sold, preventing automatic defense waivers after that period.
MENTIONED IN THIS ARTICLE
Raleigh
House Banking Committee
North Carolina
Richard Clark
D-Union
W. K. Mauney Jr
Cleveland
Perry Martin
Northampton
Clark
Banking Committee
Watson nominee to U.S. Court of Appeals faces GOP and Dem opposition
News accounts say Nixon would have faced a rejection similar to Haynsworth and Carswell if Clair Watson was nominated to the U.S. Military Court of Appeals. Thurmond announced tentative White House approval and Senate leaders began a bid to block the nomination.
MENTIONED IN THIS ARTICLE
Senate
Nixon
Clement F. Haynsworth Jr
G. Harrold Carswell
Congress
White House
Watson
Sen
Strom Thurmond
R-S.c
Over-The-Counter Bid-Asked Quotations Snapshot
NASD inter-dealer prices as of 11 a m show bid and ask figures for several entities. Prices exclude retail markups and commissions with varied percentages across American Furniture Carolina Caribbean Hardee s Integon Life of Carolina NCNB Corp NI Gas Public Service of NC Ruddick Wix Wellington Hall and others.
MENTIONED IN THIS ARTICLE
ASK Amic
American Furn
Carolina Caribbean
Hardee's
Life of
Carolina
Ncnb Corp
In. C. Nat. Gas
N.C
Ruddick
Son
Wellington Hall
Greensboro Adopts Geographic Zoning to Desegregate Schools
Greensboro Board of Education rejects freedom of choice and approves geographic zoning with increased bus transportation. The plan covers 18 elementary schools and would add about 4 000 riders to buses, atop roughly 10 000 already transported. Judge Edwin Stanley has invited parents of 11 Negro students to propose a desegregation plan, with meetings set before June 8 to reach a compromise.
MENTIONED IN THIS ARTICLE
Greensboro
Greensboro Board of Education
Freedom of Choice
U.S. Middle District Court
Edwin Stanley
Stanley
Slayings Seized Suspect After Nine Bodies Dug From Orchard Graves
Sheriff says the arrest came after officers unearthed nine victims buried three to five feet deep in sandy orchard graves near Yuba City. Corona, a quiet 5’11” Mexican American, was taken into custody shortly after 4 a.m. Wednesday at his home in Richland Road subdivision. The first grave appeared last Thursday at Goro Kagehiro’s orchard, north of Yuba City, where Kenneth Whitacre’s body was recovered. The next grave was found on the 500-acre Jack Sullivan ranch along the Feather River.
MENTIONED IN THIS ARTICLE
Corona
New Richland Road
Yuba City
Sandy Orchard
Kenneth Edward Whitacre
Alameda
Calif
Jack Sullivan ‘Peach and Prune
Feather River
Gubernatorial bids eyed by Morgan Jenkins rise in idle talks
Attorneys General Robert Morgan and ECU president Leo Jenkins discuss possible runs. Morgan says he has a notebook of 18 issue positions and two other notebooks for possible campaigns. Jenkins notes that public reception to speeches influences his potential candidacy.
MENTIONED IN THIS ARTICLE
Robert Morgan
Morgan
U.S
B. Everett Jordan
Leo Jenkins
East Carolina University
Greenville
Jenkins
ECU
North Carolina
Charlotte
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Stock Market Report
Linda Rubey
Swinnmm
ClevEliil
MobilOil
CocaCol
Colg Pal
Monsant
NEW York (Ap
Collins
Exchange
MorNor
Motorola
ComwEn
Comsat
Nabisco
Arklgas
NatAirin
Asamera Oil
Atlas
Cons Power
NatCash R
Barnes Eng
Air Lin
Nat Distil
Conti Corp
Cinerama
Cox
Newberry
Dillard
CPC
Dixilyn Corp
Newmat
Felmont Oi
Frontier Air
Dan River
PacPetr! We
Gt Basin Petif Va
Pacpwl
Pac T&t
Pfizer
Kingsford
DomeMns
Phelps D
Lafa Radio
DowChm
Phila el
Ling Vot
McCrory
Publicind
Ozark Airline
Eg&g
Pueblo
Phoenix
Eipasong
EltraCp
Pullman
Questor
Evans P
Ralston P
Wu — Statham Ins
EU Banco Inc
Ye Syntex
Raytheon
Ve Technicolor
Fair Ind
Viewlex
Vikoa Inc
ReynMet
VLN Corp
FiaPwLt
Roanst
Westates Pri
Pere Rohr Cp
Wilshire
Famc Cp
Royccola
Yates Ind
Fordm
RoyDut
ForMcKs
Ryder Sy
Zim Hom
Associate! Press
Stl Sa F
Ve Gac Cp
Westregisp
GAF Corp
Sanders Asso
Vel Gam Sko
Sa Felnd
Scoa Ind
Scott Paper
SearsRo
Adwillis
Gen Tire 1B
Shell Oi
Shell Tr
Admiral
AetaLte
Gerber
Signal Co
Getty O
Singer Co
AirRed
Va Gillette
Ve Smith
Goodrich
South Co
Grace
Allied
Sourthn Pac
AMBAC
AmHess
Reyhound
Halliburt
Heublein
Swift Co
Tektronix
AMP Inc
Honywil
Ye Teledyne
Telex
Ampex Corp
Houslp
Tenneco
Texaco
IdahoPw
Texas
INA Cp
Atl Richfid
TimesMir
Atlas Chem
Timken
Atlas Corp
Hary
Todd Sh
Miteral
Trans W Air
Babckw BM
Vaene
Balt GE
Itek Corp N ‘A
UAL Inc
UAL Inc 1% 35% 35’ 35% — “A BeatFis 1.16 Wave Wuose Et al Umc
Beckman
Va Jewel Co
UN Carbide
BeechAir
JonnMan
UN Elec
Bell How
JohnJoh
UnCliCal
Bendix
JonLogn
PacCp
BenefiCp
JonLaug
Union Pacif
Jostens
Uniroyal
Joy Mtg
Unit Air 1
Boeing Co
Orden
KimbCik
Univoll P
E Kroger
Ve Vendo Co
Burrghs
T-T
VaEiPw
LearSieg
Cadence Ind
YelLenPcem
WarLam
Cibpvcnl
Weyerhs
CastieCk
LingTem Wi
Whirl Co
Littonind
Cerro Co
Lockheed Air
Loews Corp
Williams Co
LoneStarin
Winn Ox
Lonesga
Woolwich
LongisSt i
Zchimil Spp
Lucky St Xerox Cp
AIM
Lukenssti
Zale Corp
Wa — Va
Chris Craft
VO Corp
Zenith R
Wsay
Bykes Yrgst
Associated Press
Macke Co
Macy RH
Marath
Marcor
Mar
Martinm
Maydsir
Maytag
McDond
Wi McGrah
Mely Sho
Mead Corp
See
Va Merck
Memorex Cp
Va MidSutilio
A.P. Stock
Accessored
Nals Util
NEW York Stock Index
High Point Enterprise
Rupnenea
High Point Enterprise, Inc
Church Avenue
Ward-Griffith Company
National Advertising Representatives
Dow-Jones
Peter
North Carolina National Bank
NCNB
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