Dow Falls As Tax Reform News Weighs Markets
The stock market drifted lower at midday with the Dow Jones industrial average down about 2 points and the Associated Press average off around 1.3. Traders blamed declines on President Nixon’s tax reform package and expectations of higher interest rates amid inflation fears.
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Miner
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Keencott
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Dow Jones Stock Averages Report From Noon Session
New York stocks move through midday trading with mixed results as industrials and rails show small gains and losses. The Dow Jones industrial average edges up while rail issues and utilities display varied performance in a quiet market.
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Ite Associated Press
Ba Ralls UI
Stock Exchange Veen
NEW York
York
Officials Probe Fatal Home Fire Near Fairmont
FAIRMONT AP Authorities investigate a house fire five miles east of Fairmont that killed three people. Victims are Lettie Hedgepeth in her 60s and her grandchildren Robin aged 3 and infant Johnny Hedgepeth. The children’s parents, Mr and Mrs Johnny Hedgepeth of Rt 2 Fairmont, were planting tobacco when the blaze occurred.
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Fairmont
Lettie Hedgepeth
Robin Hedgepeth
Johnny Hedgepeth
Rt. 2
Wachovia Insurance Names C William Baker Jr Account Executive
C William Baker Jr named account executive for Wachovia Insurance in Roanoke Va. A Virginia Polytechnic graduate, Baker has served as vice president and board member of the Roanoke Independent Insurance Agents Association and previously worked with Securities Insurance in Roanoke and Travelers Insurance in Richmond. He will handle all non life insurance coverage including fire theft auto group health and more.
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C. William Baker Jr
Wachovia Insurance
Bale
St Coeoke
Virginia Polytate
Roanoke Independent Insurance Agents Association
Securities Insurance
Roanoke
Travelers Insurance Co
Richmond
Baker
Piedmont Natural Gas reports record annual earnings
Earnings for the 12 months ended March 21 show operating revenues of 43.61 million, net income of 3.49 million, and earnings per share of 1.70, the highest in company history. Net income rose 125,100 dollars and the balance available for common shares totaled 2.74 million as shareholders were sold yesterday.
MENTIONED IN THIS ARTICLE
Piedmont Natural Gas Company
Stillwell Elected to CPA Institute Membership
Clarence Gordon Stillwell Jr. CPA of 1500 B Woodside Drive has been elected a member of the American Institute of Certified Public Accountants. Stillwell is associated with the accounting firm Dixon Hauser and Odom.
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Stillwell
Clarence Gordon ‘Stillwell ,Jr
Woodside
American Institute of Certified Public Accountants
Dixon, Hauser and Odom
Zayre Approves Three-for-Two Stock Split
Zayre Corp, operator of self service discount stores, approves a three for two stock split paid May 16 to holders of record April 28. The move aims to broaden trading and investor interest. The firm reports fiscal year earnings of $9,538,000 vs $8,474,000 prior year. a new store is under construction on Westchester at Burton Street.
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Zayre Corp
Zayre
Zayre’s
Westchester
Burton Street
Rumsfeld Named To Head Anti-Poverty Office
President Nixon named Rep. Donald Rumsfeld to lead the administration anti poverty program and later as a presidential assistant. Rumsfeld, 36, will become director of the Office of Economic Opportunity and then move to the role of presidential assistant upon confirmation. The White House said constitutional questions are resolved and emphasized the appointment as a key administration post. The move mirrors an earlier political shift when Johnson's proposals faced congressional action.
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Presi Fead
Rumsfield
Congress
Senate
Rumsfeld
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House
White
White House
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Rums
Tment
Lyndon B. Johnson
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State Buildings May Be Picketed
Civil rights leaders say the SCLC will picket state buildings in Raleigh to pressure lawmakers on desegregation and punishment issues. A tent city concept may be built near Moore Square to honor Martin Luther King Jr as protesters plan to remain until demands are addressed. Governor Scott will seek local leaders and will deploy National Guardsmen if needed to maintain order.
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Raleigh
Milton Fitch
Sclc Co
Demons City Council
Itas
SCLC
Secistate
Tian Leadership Conference
Lers
King
Asheville-to-Ra
Heigh
Bob Scott
Fitch
Cam J
Asheville
Unity City
Moore Square
Dr. Martin
Capitol
Luther King Jr
Scott Resong
North Carolina
Toj
Nixon Plans Wide Tax Reform To Curb Inflation
President Nixon outlined proposed tax reforms aimed at closing loopholes and reducing inequities in the federal tax system. He argued inflation is a tax on the poor and said revenue loss would be minimal as closing loopholes offsets relief. He signaled more reforms coming in June and stressed curb inflation through budget spending cuts and surcharges.
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Ameri
Ameri J
Congress
Nixon
Nixson
Sirhan to be jailed in Vacaville cell block plan
The article notes Sirhan’s possible immediate move depends on defense funding. None of his lawyers or investigators has been paid yet. costs come from lawyers and a magazine article royalty. If sentenced to life, no parole for seven years, with Vacaville prison prepared for solitary confinement, a cell complex with a shower-adjacent cell and a visitor cell arranged nearby.
MENTIONED IN THIS ARTICLE
Sirhan
California Corrections Department
California Medical Facility
Vacaville
Los Angeles
Sacramento
Esperanto Named From Dr Hopeful Pen Name of Zamenhof
L L Zamenhof of Poland devised the international language Esperanto and published his first book under the pen name Dr Esperanto meaning Dr Hopeful, from which the language takes its name.
MENTIONED IN THIS ARTICLE
L. L. Zamenhof
Poland
Hopeful
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University of South Corelinn
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