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High Point Enterprise in High Point, North Carolina

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This newspaper page contains 13 articles. Subscribers can read the full text of each article.

Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Oct 26, 1971

Page

2

Market Stems Slump Reverses Brief Dow Rally On Noon Trading

The New York Stock Exchange saw a sharp pickup in trading as the noon Dow Jones industrial average rose 3.06 to 851.56 after a morning decline. The AP 60-stock avg gained 1.5 to 313.3 with gains led by airlines, motors, retail, and chemicals while Occidental Petroleum fell 1.5 to 12. The day featured mixed results amid investor uncertainty and a tentative rally, with outsized activity in several heavily traded issues.

Associated Press TWA UAL American Eastern Occidental Petroleum Plessey National Steel CocaCol MGM Collins New York Colu Gas MobdisOll Exchange CmbEn Monsant el MirNor Motorola Corp Nabisco Barnwel Ind Brascantt Ib Certron Cowles Cinerama Cox Dan Ma CrouseHing Dixit Corp CrowColl Frontier Air Dan River Norfolk Norrig Ind No Am Phil Alinstrum Deante Litl Corp Delta Air Jamesway DennyRst Oet NoStaPw DetEdis Vel Kaiser Diam Sham el Kingsford Disney Norton el Lafey Redio Ss Versind Nort Simonie Ling Tver Dr Pepper Sa Loews Marshal McCrory Duke Duke Pw Okla Ngs Milgo Elect Te — duPont Omarkin Newidria Mn Otis Elev Cdn Mar Bu Im Nuclear Am ‘ Ree East Air Line Owen Cag Baskhodala Owen Ft OKC Corp Ind Ozark Ss Oe Ve GAC Co Permaner Va Aia Ve Gaf Corp Phoenix Sti PacPetri Gannett Pac T&t GenElec GenFood Wwe Penn Dix Penney JC el Genesco Pepsico Viewlex Gerber Vice Vnc Phelps VEN Corp Gillette Va Phila Phil Morr Zim Hom Glen Alden Global Marin Phill Pet Goodrich Grace A&p Pueblo Las Greyhound Gulf Oil Questor Gulf Wr Guwnind Arizona AllisCh Edders Alcoa FedDeptStr Ateway AMBAC Ne — Scm Corp AmeiPw Ford M Am Motors KreepMinder Jon Harris Srett Hercules Heublein Sa Co SingerCo Am _ T&T AMF Inc S 'HoernWal Ony Co AMP Inc Hobidyinn Scar Ampex Corpiad Soucale HollySuig Monywit Southn Pac Armco Stigs SouthrnRy Idaho Babckw Wis Goles Va Stevens Beckman StudWor BeechAr SunOil Ib Bell How Nickel mM Fda We Bendix Swift Co Iowa Iowa Tek Cirp Nm Tampa el Boeing Co Vwae Tektronix Ie Jewel Co Teledyne BoisCas Ds JonnMan Aia Telex BorgWar JohnJoh Texaco Tenneco Ld JonLogn Texetrn Brunswk Tex G Sul Texasiast KaisAlum Texpld Sg Textron Bunkr Ramo Kan GE Ide Katy Thrift Or Buri Ind KayserRo TimesMir BuriNor Kennecott Burrghs Cal Kerrmcg Todd Ship Timken Cadence Ind KimbCik Jéhe Finani Koppers Transmra Camprlk Krattco TRW Inc TriCent Caro Kresgess Twent Cent Kroger CarrierCp CartWal Bttoi One CastieCke LearSieg VAL Inc CaterTr Levitz Furn Wes Cerro Cn Pac Cp Ipbbmcnl Uniroyal Air Ches Ohio ChiMil Spp Lockheed Air Loews Corp Coris Craft LoneStarin Chrysir LoneSta US Steel LukensStl Love Univ Oil ClevElill Ilvo Corp Univ Cptr Lykes Yngst Macke Co Macy Varian Assoc Magnvox VaelPw Marath Marcor Merck Xerox Cp Zenith Os Ae

NASD Inter-dealer Quotations from 11 A M Trade Board

Report on over the counter bid and ask quotations from NASD as of about 11 am. Inter-dealer markets shift throughout the day. figures exclude retail markups and commissions. Listings include American Furniture Carolina Caribbean Hardee s Integon Life of Carolina N C N B Corp Natural Gas Pub Service of N C Ruddick Pref Ruddick Comm Son Film Ext Wellington Hall and related notes about dividends and liquidation statuses.

American Furniture Carolina Caribbean Eecert ‘Hardee’s Integon Fas Life of Carolina N.C.N.B. Corp N. Car. Natural Gas Pub. Service of N.C Ruddick Pref Ruddick Comm Son. Film Ext Wellington Hall

Governor defends plan to preserve identity of universities

The governor rejects claims the plan to restructure higher education would abolish black and other colleges. He insists no institution will lose its identity or be swallowed by the system and says the new board will delegate powers to campus boards to maintain diversity.

School of the Arts Scott

New York Stock Index At Noon Report

New York stock index readings at noon show activity on the market as traders monitor Industrial and other major sectors. The AP reports on market movements and investor sentiment amid ongoing trading at the New York Stock Exchange.

Davis promoted to installment loan officer at Thomasville First Citizens

Gurney A. Davis is named installment loan officer for the forthcoming Thomasville office of First Citizens Bank and Trust Co. He transfers from the High Point office where he served five years in installment loans. Davis joined the bank in 1970, is a Guilford College graduate, and will oversee consumer credit in Thomasville. he and his wife Nancy Cook Davis have one daughter.

Gurney A. Davis First Citizens Bank & Trust Company Thomasville High Point Davis First Citizens Trinity Guilford College Nancy Cook

Nurserymen Meet Piedmont Association Leaders

Members Lester Brown and William Nelson will present a program at 7 p m on November 2 at the Mayfair Cafeteria Southgate Shopping Center Thomasville detailing their tour of English gardens last summer for the Piedmont Association of Nurserymen.

Piedmont Assn. of Mayfair Southgate Thomasville Lester Brown William Nelson English Gardens

Kosygin to Cuba for talks with Castro

Prime Minister Kosygin flies from Toronto to Havana to reassure Castro and reassert Soviet influence amid Nixon's Moscow visit. He will stress that Soviet support for Cuba is non negotiable and likely accompany the arrival of a Soviet task force including a cruiser and submarines.

Washington U.S Alexei Kosygin Nixon Moscow Kosygin Toronto Havana Kremlin Caribbean Fidel Castro Soviet Union Cuba Castro Czechoslovakia Pentagon

Ownership Clouded as Weather Modif ication Questions Rise

Miami Beach AP report on debate over weather modification. Dr Louis Battan of the University of Arizona asks who owns rain and rainfall. Cecil Gentry of NOAA notes Project Stormfury may reduce hurricane strength but raises who pays for damages. Right to rain seeding becomes real for South Florida amid drought and complaints from tomato growers.

Miami Beach Fla Louis Battan University of Arizona Institute of Atmospheric Physics Battan National Biological Congress Arizona Cecil Gentry National Oceanographic and Atmospheric Administration South Florida C Ina

Hijacked 747 Remains Overnight In Havana Cuba

A Boeing 747 hijacked by a gunman stayed in Havana after landing at Jose Marti Airport. Sky marshals and an off duty FBI agent were aboard the 221 passengers plane that originated near New York and Dallas. Cuban authorities had yet to release the aircraft as Soviet leader Kosygin was due to arrive. The hijack was signaled from aboard with a prearranged alert. No details on actions by marshals or the FBI agent were released.

Miami Cuba Sky FBI Federal Aviation Administration American Airlines Havana Jose Marti FAA Alexei N. Kosygin Toronto New York Kennedy International San Juan P.K American Kennedy Washington Dallas

Wait Is Vain For Hijacker

A stolen trailer carrying about $22,000 in tobacco sat idle through the weekend in a wooded Pittsylvania County site as FBI agents and sheriffs' deputies from two counties waited in vain for the hijackers to return. The FBI spokesman and county officers said they spent three days observing but the thieves did not reappear.

Danville Pittsylvania County FBI Tazewell County N.C

Committee Sets Burley Hearings

The Burley Tobacco Sales Committee will hear recommendations on November 4 about when auctions will open this fall in North Carolina and seven other marketing states.

Lexington Burley Tobacco Sales Committee North Carolina

Raleigh man finds extra twenty dollars then backs into repairs

A Raleigh man, Charles J. Cohan, found a $20 bill under his windshield wiper after a minor collision damaged his left rear fender. He plans to return the money but notes the repair costs at the shop would total $110.

Raleigh, N.C Raleigh Charles J. Cohan Cohan Business Brokers of North Carolina

Chrysler profits squeezed as prices rise after sales spike

Chrysler reports 3Q sales of 1.9 billion, up 12 percent from a year ago, but profits lag due to price rollbacks on 1972 models. Lynn Townsend says further price increases are needed under Nixon phases to offset higher labor and materials costs. Net earnings turn 6.2 million or 12 cents a share versus 2.1 million or five cents a year ago.

Detroit Chrysler Corp Nixon Lynn A. Townsend Chrysler Board Townsend

Also Mentioned on This Page

Stock Market Report American Exchange New York Stock Exchange Egg Ellis Peary Cate Pete NEW York Exchange A.P. Stock Ve Assosistes Iprete Rails Crere Rails Ind Util Fo. L Dow-Jones NEW York Stock Index Aden George Gedda Peking Galveston Tex Burley High Point Enterprise High Point Enterprise, Inc Church Avenue Ward-Griffith Company National Advertising Representatives Chrysler N. Main ST Jamestown E. Main ST R.S. Dickson, Powell, Kistler & Crawford New York Stock Exchange, Inc American Stock Exchange N. Main Street N. C
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