Market dip deepens as Dow slips in mid afternoon
The AP market report notes the Dow Jones average down 3.62 points at noon to 939.46 with more than 400 issues showing declines. Analysts cite fading peace rally optimism, Vietnam talks, economic brakes, profit taking, and cautious institutional participation as factors for the downturn.
MENTIONED IN THIS ARTICLE
New York
Vietnam
Pateli
Marcon
Dalry
Cenewr
Berdiwet
Ormark
Statham
Siblowene
Steel
Associated Press
Piasnam
Associated Prege
Pfein
Curtios
Norwich
Cate
Oe Deere
Sacha Tr
Presstad
PacPet
Pwetat
Letra Cimvigenca
Peyminis
Oyma
Valnarod Ak
Gener
Peanben
Cima
Kodak
Penncen
Campbell Red Lake
Estonis
Elpeong
Eira
Ame Corp
Bee
Eccurmutatve
Proctor
Jones & Laughlingsiten Inc
Pubscel Lee
Eeeelen
J&l
PRCTE
Warrente
Questor
Vnder
RCA Moe
Cis
Ekavring
Such. Com
Eat
Relston
Lasue Arbieet Fose
Ranca
Wits
GAF Corp
ReichCh
Tata
York Stock
Gannett
Repubsh
Selman
North Carolina
DR Sawn FM
Gillette
Mlcka
Ida
Mountains
Ie Ag
Mrs Oben
South Carolina
Aldine
Ameya
Virginia
Louis
H- Smith
Eid North
Tobie
Kollsman
Tennessee
Armee
Sunenee
Maskea
Ania
Srvcaiorin
Son Gil Ib
Benes
Tex
Altontogen
Sonos Lin
Beth
Felng
Borden
BorgWar
Katy
BucyEr
Budd Caig Bs
Uniroyal
United Corp
Carter
Cassiccke
Varlan
Westae
Wooldortty
Zale Corp
Zemin
Stock Averages and Weather Outlook Fragment
Precipitation will total about one quarter inch in scattered showers on Thursday and Friday. The report notes stock averages with brief market activity and mentions unrelated global notes, including rail and international items, in a terse ledger style.
Dow Jones New York Stock Rise City Markets Decline
New York markets showed mixed activity as trading began with the Dow Jones index fluctuating. Investors watched gains in several sectors despite broader unease about economic signals and corporate earnings.
Harris Elected State President
Paul B. Harris, a veterans employment representative at the High Point office of the Employment Security Commission, was elected president of the North Carolina Chapter of the International Association of Personnel in Employment Security. He will represent the state at the International convention in Columbus, Ohio, in June. The election occurred at a Raleigh state convention last weekend with several High Point attendees named.
MENTIONED IN THIS ARTICLE
Raleigh
Paul B. Harris
High Point
Employment Security Commission
North Carolina
International Agsn
Harris
Columbus
Ohio
Janice Webb
Helen Cox
Betty Clark
Marie Cumby
Forster
Irma Jacks
Martha Myrick
Bill Sowers
Wayne Surratt
Business Notes Datawhe Industries Names North and South Carolina Rep
Datawhe Industries Inc a subsidiary of Binning's Inc of Lexington names Edwin H Smith and General Specialties Corp as manufacturers representative for North and South Carolina. General Specialties maintains an office in Charlotte and provides yard sales services to firms and specifiers of aluminum windows for institutional structures.
MENTIONED IN THIS ARTICLE
Datawhe Industries, Inc
Binning’s, Inc
Laxington
Edwin H. Smith
General Specialiies Corp
North
South Carolina
General Specialties
Charlotte
Lester Dundes Named Publisher of Interior Design magazine
Lester Dundes appointed publisher of Interior Design, a Design division of Whitney Communications Corp. and part of John Hay Whitney interests. The magazine serves 27,500 subscribers in home furnishings, with Dundes previously with Interior Design since 1949 and advertising director since 1952.
MENTIONED IN THIS ARTICLE
Lester Dundes
Inter- Sprague
Design
Whitney Communications Corp
John Hay Whitney
Dundes
Maddox vetoes Georgia gas tax increase
Gov. Lester Maddox vetoed a 15 cent per gallon gasoline tax hike that would have raised about 30 million dollars a year for the State Highway Department. He argued the legislature approved the plan despite his tax proposals and warned it would pull funds from education and health care. The veto blocks a rise from 6.5 to 8 cents per gallon, a move highway officials supported to avoid cutbacks in maintenance.
MENTIONED IN THIS ARTICLE
Atlanta, Ga
Lester Maddox
State Highway Department
Maddox
General Assembly
Georgia
Highway Department
Jim Gillis
Liquor Bill Opposition Reiterated in North Carolina
North Carolina church leaders reaffirmed opposition to a liquor by the drink bill as it was introduced in the General Assembly. Marst Grast of the Biblical Recorder criticized its timing in Holy Week and warned it would inject personal profit into the state liquor system. Bishops and Baptist leaders urged lawmakers to focus on implied consent DUI measures instead of expanding liquor sales.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
General Assembly
Marst Grast
The
Biblical Recorder
Antiliquor Forces
Grant
William R. Cannan
State United Methodist Conference
W. Perry Crouch
Baptist State Convention
Earl «. Hunt Jr
Western North Carolina United Methodist Conference
De-Escalation Talk Linked To B52 Raid Cuts
Nixon aides discuss possible public framing of reduced B52 sortie rates from 1,600 to 1,60 per month for FY 1970 starting July 1. Officials say cut may lower raid participation but not necessarily reduce targets, aiming to show cost-driven de-escalation while pressuring Paris talks.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Laird
Chamber Asks Tax Laws Stay Unchanged
Winter urges no change to tax laws, defending 27 percent depletion and mining write offs while arguing for energy demand driven maintenance of a healthy petroleum industry. He says capital gains tax abuses are already addressed and opposes a new minimum tax. He urges reversal of IRS rulings on advertising income of tax exempt publications.
MENTIONED IN THIS ARTICLE
U.S. Chamber of Commerce
Congress
Johnson
North Vietnam
Creighton W. Abrams
U.S
Vietnam
Ike Eisenhower’s Texas farewell procession ends in Abilene
The nation bid farewell as up to 100000 mourners packed Abilene for Eisenhower’s final rites. Security guarded the route with manhole covers sealed and a four minute military procession. Mamee Eisenhower spoke from the train in St Louis with her grandson David, thanking mourners. brothers Edgar and Milton were noted in attendance.
MENTIONED IN THIS ARTICLE
Mamie Eisenhower
David
St. Louis
Eisenhower
Texas
Great Plains
Ike Eisenhower
Washington, D.C
U.S
Secret Service
Nixon
Abilene
Midwest
Menixs
Tittle
Legislature Spokesman Advocates Mixed Drink Vote
Hugh Morton, president of Grandfather Mountain in Linville, leads the Right to Vote Committee urging lawmakers to let residents vote on a mixed drink bill. The panel argues the bill lets voters decide, not authorize serving mixed drinks, a move seen as boosting the state’s tourist trade.
MENTIONED IN THIS ARTICLE
Hugh 5
Morton
Grandfather Mountain, Inc
Linville
Rounel
Also Mentioned on This Page
Stock Market Report
Phil Thomas
Uni
Dow-Jones
Mag
Gov
John M. Hightower
Walker Winter
Chicago
National, Business Organization
House Ways and Means Committee
Eastwald
Perled
Abrams
Res
Laird’s
Paris
National Liberation Front
Ton
Tdveta
Savsnaie
Winter
Prepriet Danbe” Atkl
Gen. Eisenhower
Edgar
Milton
Sam Caskey
Harald Davis
Harold C. Davis
N.main
Farriss
Ford
H & Block
Arvarica
H. Math ST
Los Ikeo
Thomasville
Main ST
Net
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