Market drifts lower as Dow slips toward 720 area
The market opened with a moderate decline as the Dow Jones average shed about 2 points to 722.69 at noon. The Associated Press 60-stock average fell 1.1 to 239.2 with most sectors down while oils and steels showed mixed moves and notable declines appeared in Burlington Industries and Xerox.
MENTIONED IN THIS ARTICLE
New York
Dow
Associated Press
Burlington Industries
Lionel
University Computing
Xerox
General Cigar
Parke, Davis
Pfizer
American Stock Exchange
Syntex
Water needs study targets North Carolina urban region
A two year regional planning study of water resources will cover Winston-Salem to Raleigh including Greensboro and Chapel Hill. Led by UNC Chapel Hill departments with funding from the Water Resources Research Institute, the project focuses on adapting planning methods to regional urban needs across the Yadkin, Cape Fear and Neuse basins.
MENTIONED IN THIS ARTICLE
Chapel Hill
Winston-Salem
Raleigh
University of Northlina At
Water Resources Research Institute
Consolidated University of North Carolina
High Point
Greensboro
Burlington
Durham
Piedmont
Yadkin River
Cape Fear River
Neuse River
David Moreau
Essor
University In
Critique of crime programs urges shift from police emphasis
The report argues major impact programs fail to reduce urban crime and earmark most 1969 action funds for police gear. It warns of system dislocation from police focus, notes negligible results from equipment, and calls for leadership by the Law Enforcement Assistance Administration and broad community participation to create criminal justice offices or coordinating councils.
MENTIONED IN THIS ARTICLE
Law Enforcement Assistance Administration
Coalition Sa
Life of Carolina reports growth in first months of 1970
Grover H. Cole, president, announced a 13 percent rise in premium income for the first months of 1970 versus the previous year at the Life of Carolina board meeting in High Point. Life insurance in force reached 149 million dollars, up 6 percent, assets rose 86 thousand dollars, up 2 percent, and July marked a record month for ordinary life and group insurance production.
MENTIONED IN THIS ARTICLE
Grover H. Cole
Life of Carolina
High Point
Cole
Ordinary Life
Group Insurance
Winn Dixie Reports Record Sales and Earnings
Winn Dix ie Stores Inc announced a record 1970 fiscal year with 816 supermarkets in the South and the local area. Sales volume reached 1.419 billion dollars, up 13.5 percent from the prior year. Preliminary unaudited earnings per share are seen at 2.18, up from 2.11. Thirty seven new stores opened, and the monthly dividend rose from 13 to 14 cents per share, equating to 1.68 dollars annually.
MENTIONED IN THIS ARTICLE
Winn-Dixie Stores, Inc
Stolen Car Recovered and Boy Held in Guilford County
The Guilford County Sheriff's Office said it recovered a 1970 car reported stolen from Doland Ray Johnson of Imperial Avenue. A 15 year old High Point boy was taken into custody in Salisbury. Officers investigate 12 stolen stereo tapes from David Boles Jr. of Thomasville.
MENTIONED IN THIS ARTICLE
Guilford County
U S Planes Hit Communist Targets In Cambodia Laos
U S air forces and Marines from Thailand and South Vietnam plus Navy bombers from the Gulf of Tonkin struck targets in Laos and Cambodia to disrupt base camps and the Ho Chi Minh trail. Reports say 78 Americans killed and 659 wounded last week as Laos talks continue between Premier Souvanna Phouma and a Pathet Lao emissary regarding Bilateral negotiations.
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Saigon
U.S
Laos
Cambodia
Air Force
Thailand
South Vietnam
Gulf of Tonkin
Guam
Okinawa
Michael S. Davison
Davison
Fishhook
Ho Chi Minh
Phnom Penh
Skoun
AUS
U.S. Command
Kham
Duc
Souvanna Phouma
Pathet Lao
Souphanouvong
Souvanna
Italian Coalition Cabinet Formed By Colombo
Italy forms a center-left cabinet under Emilio Colombo after a month-long crisis. The Christian Democrats, Socialists, Unitary Socialists, and Republicans agree to keep most ministers from the previous government. Debates in parliament expected to begin Monday with confidence votes due by Aug. 15.
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Rome
Italy
Emilio Colombo
Giuseppe Saragat
Colombo
Christian Democrats
Mariano Rumor
Treasu
Chamber of Deputies
Senate
Rumor
Communist Party
Prices Steady On Flue-Cured Belt Market
Markets on the South Carolina and border North Carolina flue-cured tobacco belt showed fairly steady average prices on Wednesday. Some grades rose about $1 per hundred pounds while a few declined by $1 according to the Federal State Market News Service. A few baskets of fair le mootters sold for $83 per hundred. Quality offerings improved and volume was heavy on most larger markets. Gross sales Tuesday averaged $72.74 per hundred, and the season’s average is $71.64.
MENTIONED IN THIS ARTICLE
Raleigh
South Carolina
North Carolina
Federal State Market News Service
Skyscraper Fire in Lower Manhattan Kills Two Guards
A 50 story glass and aluminum tower at 1 New York Plaza in Lower Manhattan suffered a blaze that killed two security guards and injured 35 people, including 24 firefighters. The fire began around 6 p.m. on the 33rd floor near elevator motors and was under control by midnight.
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New York
Lower Manhattan
New York Plaza
Chase Manhattan Bank
John T. O'Hagan
Chevrolet Vega Debuts As Fourth Subcompact Entry
Chevrolet unveils the Vega as the second domestic subcompact, with four models and seating for four. GM touts it as a simple answer to skepticism about American makers, with sale set for September after a prelaunch press preview.
MENTIONED IN THIS ARTICLE
Lowell McKirgan
Associated Press
Detroit
Chevrolet
John Z. DeLorean
General Motors
American Motors
Ford
Volkswagen
Chevrolet Seld
Eineres
Tape Thefts Reported Across City Vehicles
Willie Brooks reports a 65 tape player and tapes stolen from his car on Albertson Road. Claude Nathan Miller's car lost a batter air filter and cover behind a church on English Street. James Young says $30 cash taken from his home. Eugene Clark reports building break in at Mangum station with vending machines pried open. William Morgan reports a .38 pistol stolen from his car at the Thomas Car Works lot.
MENTIONED IN THIS ARTICLE
Willie Brooks
Clara Cox
Albertson Road
Claude Nathan Miller
English Street
Miller
First Evangelical and Reformed Church
English
James Young
George Place
Eugene Clark
Phillips 66
Mangum
Clark
William Morgan
Thomas Car Works
W. Fairfield
Kennedy kinship and legal woes touch Kennedy family
The text outlines John F. Kennedy as an uncle and notes Eunice Kennedy Shriver, with remarks from Mrs. Kennedy on charges against a boy for marijuana possession dated the 10th of last month. She expresses distress, pride, and support while emphasizing the impact on relatives and other youths.
MENTIONED IN THIS ARTICLE
Dent John F. Kennedy
Shriver
U.S
France
Eunice
Kennedy
Bobby
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