Market slips after Fed rate cut rally falters
The New York American Stock Exchange reports decline after an initial rally spurred by a Federal Reserve discount rate cut. Noon Dow Jones stood at 856.29, down 4.96, with a volatile session showing more losers as the afternoon progressed.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
Draperc
Nast Air
Drexel
Norton
Duke Pw
Norwich
duPont
A. Exchange
Owensill
Val Asamera Oe
Eeeeye Ie
Oxford
Semeeas
Me —P
AtlasCorp
Electron Sp
Lealy
Va Eipaso NG
Wlern Pet
Pac Petrol
Chile
Pactat
Wican So Pet
ErieLack RR
Cinerama
Eversharp
Fair Hill
Penney
UM Equity Co
Felmont
Deanzoil
FerroCp
Pepsico
Clavel
Ee Ee Wien
VY + ve Gt Bas Pet
Lee Ey
Rae
Sala Sala Sava
Vawae
McCoy Wt
Seew Ag FreepSul
Sia
MeadJonn
Abbott Lab
Procterg
See
OOM MichSug
ABC
de Ou
Onlitead Pulming
Molybden
Abex Cp
Pullman
Winonog Ind
ACF Ind
Xe Gam Sko
iNewPark Mn
Val Aan SD Ea
Miack Om
Pancoast Pet
Aia Asia
Geacls
Rewmton
Ain Redvc
Raynier
Raytheon
Sperry
Coomans Ae
Ems
Associated Press
Alcoa
Oneemm
WeiGen Tire
Bosch
Winiicoig
Goodrich
Grantwt
Aminoco
Sanders
Schering
Schick
Amnges
GreenGat
Greyhound
Scott Paper
Isi Crumn Airc
GulfStart
Sears
Seeburg
Helier
Sinclair
ngerCo
WeiHouse
Atlas Corp
Hout LP
Avco Cp
Howmet
Coley Rand
iganoPw
Sponcal
Siva
Balt GE
Beckman
BeechAr
Liniand
Stan Warn Bendix
Sun Oil 1B
Yel Borden
Int Miner
Sunray
BorgWar
Brigoss
Ints Packers
Ey Ae Brunswick
T&t
BucyEr
Lowapsv
ViTeledme Inc
Hs Iene Budd Co
Sas
Soeecus
Bullard
Texetra
Bulova
Jon Logan
KayserRoa
el Kenmecott
Kerr MC
KimdCck
Caroplt
Witwacen
Kresge
SM SA
Kroger
Case JI Analgo Jumc Ind
CaterTr
Cerro
Cessnaa
Alus Ind
CievElll
Lorillard
tyCh
Coig Palm
Wius Smelt Ib
CollinRad
US Steel
Magnavox
Arian Asso
WarnPic
VelWarnLamb
Saenaee
ulWashWat
Westa Airl
Odie
The
Airplane patrol approved by North Carolina Senate
The North Carolina Senate approved a bill restoring State Highway Patrol authority to use airplanes for traffic enforcement after rejecting amendments to limit aerial arrests for speeding. The measure passed 23 to 16 after defeating a tabled motion and a Monday-delay attempt.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
Senate
House
Dow Jones Averages Report Mixed Early Trading
Market indicators show higher grade rails and public utilities up by about 10 points while industrials and second grade rails rise modestly as investors monitor early trading activity.
New York Stock Exchange Index Update
Noon reading shows New York indices at midday with finance sector activity and overall market movement. Report notes stock prices, trading volume, and key drivers in the New York market.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange Index
North and South Carolina Five Day Forecast Notes Warm Period
Forecast calls for considerable cloudiness and warm with scattered showers mainly inland this afternoon and along the coast tonight. Lows 38 to 50, highs 60s to around 70. Tuesday through Wednesday warmer with above normal temperatures east and much above normal in the west. One half inch or less precipitation expected mid week with light rain possible Sunday night or Monday.
MENTIONED IN THIS ARTICLE
North Carolina
South Carolina
North State Telephone reports gains and growth for 1966
North State Telephone Co announces a year 1966 net gain of 2706 stations bringing total to 50400 in High Point Thomasville Randlman Jamestown area. The firm invested over 1.5 million more central office gear and cables, lifting total invested to over 16 million and long distance traffic rose to 2,501,000. Board re elected with changes including the resignation of William M Jarrell due to health and Mrs Jarrell replacing him.
MENTIONED IN THIS ARTICLE
North State Telephone Co
High Point
Thomasville
Randleman
Jamestown
Velva G. Hayden
Fred W. Alexander
David M. Harman
William M. Jarrell
Rush J. Johnson
Robbins Tilden
Nell H. Tucker
Royster M. Tucker, Jr
Velva H. Whitescarver
Sec Treas
Royster M. Tucker Jr
Jarrell
Executives Complete North Carolina University Program
Executive School John R. Davenport of Erlanger Mills Lexington joins 53 peers in finishing the six month University of North Carolina Executive Program. The program runs October to six months with alternate weekends and two full weeks of advanced study for men in management.
MENTIONED IN THIS ARTICLE
John R. Davenport
Erlanger Mills, Inc
Lexington
University of North Carolina
Study of Sanctions Proposed
A resolution to study professional sanctions against the North Carolina state school system was to be presented at the NCEA convention in Asheville. Forsyth delegates favored a formal study using staff, conferences, and publications to outline sanctions and policies, with a possible delegate poll on whether sanctions should take effect if teacher salaries are not raised.
MENTIONED IN THIS ARTICLE
Asheville
N.C
North Carolina Education Association
Winston-Salem-Forsyth
Forsyth
NCEA
Stephen Houston
Fayetteville
Houston
General Assembly
Winston- Salem-Forsyth
Graham Taft
Sampson County
United Forces For Education
Pa Bakes Care and Visoryet Commission
Moore
State Board of Education
Superintendent of Public Instruction
Charles F. Carroll
Discount Rate Cut Raises Surtax Plan Hurdle
The Federal Reserve trimmed the discount rate from 4.5 to 4 percent amid a broader easing signal. Sen. Proxmire warns the move may undermine the 6 percent surtax on corporate and individual incomes, arguing tax relief could curb expansion while rates fall. Treasury welcomes the shift as aiding credit and demand.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
William Proxmire
D-Wis
Senate‘House Economic Committee
Congress
North Carolina Senator Proposes New Redistricting Plan
State Senator Jack White plans to introduce a bill to redraw NC 11 congressional districts. The proposal pairs Republican Jim Gardner with Democrat L H Fountain in the 2nd District and Charles Jonas with Basil Whitener in the 10th. Wake and Durham move to the Fourth. average district population deviation cited at 1.37 percent. White calls the plan orderly and near perfect for long term growth.
MENTIONED IN THIS ARTICLE
Raleigh
Jack White
Cleveland
North Carolina
General Assembly
White
Jim Gardner
L. H. Fountain
Charles R. Jonas
Basil Whitener
Jonas
Gardner
Wake
Durham
UN Breaks Off Mission To Aden After Clash Over Authority
A three member UN mission to Aden and the South Arabian Federation abruptly ended its five day visit citing lack of cooperation from the British administered government. Manuel Perez Guerrero said the mission would only deal with the federal authorities. Abdul Sattar Shahzi of Afghanistan blamed Britain for bloodshed as tensions rose.
MENTIONED IN THIS ARTICLE
Aden
U.N
Manuel Perez Guerrero
Venezuela
Guerrero
Hussein Ali Bayoomi
Sultanates
Europe
Britain
Abdul Sattar Shahzi
Detective recounts finding eight nurse victims in Speck case
Chicago detective Jack Wallenda described locating the bodies in a South Side house as the trial of Richard Speck proceeds. He identified victims Pamela Wilkening Suzanne Farris Mary Ann Jordan Nina Schmale Valentina Pasion Merlita Gargullo Patricia Matusek Gloria Davy and noted multiple neck and wrist bindings.
MENTIONED IN THIS ARTICLE
Peoria, Ill
Chicago
Richard Speck
Jack Wallenda
Corazon Amurao
Miss Amurao
Speck
Wallenda
South Side
Pamela Wilkening
Suzanne Farris
Mary Ann Jordan
Nina Schmale
Valentina Pasion
Merlita Gargullo
Miss Gargullo
Miss Pasion
Patricia Matusek
Gloria Davy
William Martin
Gerald Getty
Cook County
Also Mentioned on This Page
Stock Market Report
Dow-Jones
NEW York —Stock Index
A.P. Stock
Ind. Rails
Ind. Util, Fon. L
Frnix
High
Low
High Wa
Ray Hubbard
Executive School
Proxmire
Atlanta
St. Louis
Treasury Department
Rolls-Royce
Transco, Inc
N. Main St
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