Stock Market Slump Hits Third Day on Higher Rates
New York trading opened with a sharp, broad decline as the Dow fell 3.76 to 828.61 and the NYSE net loss led. investors reacted to the Federal Reserve Board approving a 4 point discount rate hike. Matsushita Electric and Trans World Airlines traded actively while Polaroid Avon and MGIC showed declines amid weak oil shares and earnings signals.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Federal Reserve Board
Matsushita Electric
American Stock Exchange
Trans World Airlines
New York Stocks Mixed As Market Closes Narrowly Higher
New York trading ended with a mixed session as stock prices fluctuated around narrow gains. Major industrials and transport firms showed varied results while the Associated Press report notes modest moves across sectors with attention on opening afternoon activity in the exchange.
Dividend footnotes explain irregular payments and terms
Unofficial American sales figures note that dividends are annual disbursements from last declarations unless stated. Footnotes define terms for extra dividends, stock splits, liquidations, and various declare or payment scenarios across the preceding 12 months and beyond.
Stock Index Dull Trading Near Noon On Market Desk
New York noon trading shows the stock index mixed with small losses. Major indicators edge lower with modest declines across blue chips while volume remains light on the trading floor.
Over-The-Counter Quotes From NASD Interdealer Prices
Quotations from the NASD reflect representative interdealer prices around 11 a.m. Markets vary through the day and these quotes exclude retail markup markdown or commissions. Prices are provided through the Hutton office of B. F. Hutton & Co.
MENTIONED IN THIS ARTICLE
B. F. Hutton& Co
Hearst tape boosts SLA bank robbery narrative
Patricia Hearst, held by the Symbionese Liberation Army, says she joined the April 15 bank holdup as a revolutionary act and denies being brainwashed. The tape includes her in the bank with a rifle, claiming she held customers and staff at gunpoint. FBI and police pursue implications as two getaway cars are located and two Oakland women testify before a grand jury.
MENTIONED IN THIS ARTICLE
Miss Hearst
Symbionese Liberation Army
SLA
Tanja
Che Guevara
FBI
Janet Cooper Weiss
Cynthia Garvey
Oakland
Jury To Get Case Today Of Stans And Mitchell
NEW YORK AP Chief prosecutor John Wing told a jury Mitchell and Stans lied to cover up an illegal attempt to influence a government investigation. The pair are accused of perjury and conspiring to obstruct justice in a Vesco Securities and Exchange Commission probe tied to a secret $200000 campaign contribution. The jury was to receive instructions before deliberations.
MENTIONED IN THIS ARTICLE
NEW York
John Wing
Atty
John N. Mitchell
Commerce
Maurice H. Stans
Mitchell
Stans
Wing
U.S. District Court
Lee P. Gagliardi
Securities and Exchange Commission
Robert L. Vesco
Nixon
Vesco
Gagliardi
Peter Fleming Jr
Fleming
John Mitchell
Walter Bonner
Zebra Killer Is Expected To Kill Again
In San Francisco AP reports Chief Inspector Charles A. Barca told U.S. District Court Judge Alfonso Zirpoli the Zebra killer offense may continue. He noted 12 white residents have been gunned down since last November and police may scale back fruitless street stops targeting young blacks. Bus stops remain the likely future sites for attacks.
MENTIONED IN THIS ARTICLE
San Francisco
Charles A. Barca
U.S. District Court
Alfonso Zirpoli
Zirpoli
Barca
Zebra
Odd-Even Plan To End On May 1
North Carolina Governor Jim Holfhouser says gasoline supply has improved enough to end the voluntary odd-even distribution plan effective May 1. He may reinstate it if supply worsens and urged continued conservation and a 55 mph speed limit.
MENTIONED IN THIS ARTICLE
Raleigh
Jim Holfhouser
North Carolina
Holfhouser
Tar Heel
Draft Conviction Returned for Refusing Draft Registration
Bruce A. Baechler a 19 year old Quaker from Glastonbury Conn was convicted in Wilkesboro N C of refusing to register for the draft He received 26 months imprisonment and 30 days for contempt of court He posted an 8000 appeal bond and his attorney said an appeal would be filed Baechler said his refusal reflected his religious beliefs and he was jailed overnight for contempt after refusing to stand for the judge’s entry Baechler noted he would be visiting friends in Chapel Hill on his 18th birthday when he informed the draft board he would not register
MENTIONED IN THIS ARTICLE
Wilkesboro
N.C
Bruce A. Baechler
Glastonbury
Conn
Baechler
U.S. District Court
Chapel Hill
Orange County Draft Board
Deborah Mailman
Raleigh
Eugene A. Gordon
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Stock Index
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Lite
Ncnb Corp
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Ie Nwstra Iny. Com
Avia
O Pub. Ser
Ave Rex
Roy. Scots
Inns
Film
West Knit
Patty
Hibernia Bank
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Vincent Hallinan
Steven Weed
Hearsts
Rodney Williams
Dow-Jones
Jess Windus
Windus
A.P. Stock
Ind
Ralls Util
Stecke
Ieee
MoanihAgao
Friendly Center
Kathleen Ave
Friendly Shopping Center
Greensboro
Friendly Shoppign Center
Lee Realty
Institute
Thomas Sawyer
Kemper
John C. Pierce
Kemper Insurance Company
New Kemper
Wachael H, Smaiths
High Point Bank and Trust Insurance Department
Main Street
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