Wall Street drifts to two-year lows on tight money lift
The New York market opened mixed but slid to near two-year lows as the Federal Reserve tightens credit. The Dow fell 6.79 to 812.80 amid broad losses led by high priced shares and notable declines in Xerox IBM and American Airlines.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
Dow Jones
Ees
New York Stock Exchange
Associated Press
Xerox
IBM
U.S
Illinois Central
American Airlines
International Nickel
Anaconda
Kennecott
Control Data
NwBan
Norenen
E New York (Ap
Ist
CrowCol
OhioEdis
Velof
Crown Cork
OlinmMath
Ma American Stock Exchange Heseahane
Crown Zell Vw
Otis Elev
Cruc
Cudahy Co
Owensii
Curtis Pub
Curt Wr
P— ArkLeves
N. Ae
DanAiv
Atlas Cp
Barnes Eng
Delta Air A Ee
Chile
Doug Airc
Va Equity
Draper
Duke Dressind
Pont
McCrory
Esos Elbonds
Pullman
Mead John
ElPaso
ErieLack
Ralston
Evans
Raytheon
Reading
Sperry
RepubStee
Wa — Statham
Faircam
Revion
Syntex Cp
Fair Hill
Rexall
Es Reyn
Rohr Corp
Firesine
Roy Ccola
Roy Dut
RyderSys
Flintkote
Voss
Fia PL
FMC Cp
Vel SL SanFran
FordMot
Stregp
Schenley
FruenCp
Scott Paper
Genannif
Sear
Cig
Sears Roe la
GenPrec
Sher Wm
Sinclair
Gtel el
Gen Tire
Soupr
Ga Pacific
Soucale
GerberPd
Ye South Co
Getty Oi
Soungas
Gillette
SouthPac
South Ry
Glen Ald
Goodrich
Sperry Rand
Goodyr
Square
GraceCo
Kolis
StOll Cal
Gtaap
StOllind
Gt Nor Ry
Stolin
StdOllOh
St Packaging
StanWar
GrumnAire
StarffCh
SteriDrug
GulfStart
Stoiuebaker
Sun
Niles
Tampa
Teledyne Inc
Tenneco
s/ Texaco
Va UM
Texetrn
Texgsul
Texasinst
Texp Ld
Textron
Thiokol
Tidewat Oi
Tim
TransWa Air
Transam
Transitron
UMC Ind
UnitAirLine
UnitAirc
UnitCorp
Ugascp
US Borax
US Ind
US Plynd
Aba
US Steel
Ave
Whelan
Univopd
Upjohn
Vanad
Varian As
Vaeipw
WarnLamb
WashwWat
WinnDix
Xerox Corp
New York Exchange Dividend Table Notes and Footnotes
A fragment lists many ticker style items and dividend footnotes from the New York Exchange table. It references annual disbursements based on last declarations and explains symbols for stock dividends, liquidating dividends, ex-dividends, and other conditions. The passage also notes insolvency and bankruptcy caveats for certain issues and delivery timings.
Over-The-Counter Stock Averages Reported by NASD 1966
Inter dealer market quotes from NASD as of about 10:30 am list over the counter stock prices for Amer Furniture Franklin Life Life & Casualty Wachovia and others with bid and ask figures. Quotations note prices are inter-dealer and do not include retail markdowns or commissions.
MENTIONED IN THIS ARTICLE
Amer Furniture Co
Franklin Life
Life & Casualty Inc
Security Life & Tr
Wachovia
A.m
Ask Colonial Stores
Waw
Carolina Freight
First Union Bank
Gulf Life Insurance
Jefferson Stan Life
Lance, Inc
Piedmont Aviation
Piedmont Nat Gas
Eckerd Drug
Hardee’s
Hatteras Yacht
Henredon Furniture
Life Assurance Car
NC Nat Gas
New Home Starts Fall Sharply in July
Washington AP reported housing starts slipped 16.4 percent in July to a season adjusted annual rate of 1,064,000, the lowest since December 1960. Building permits also fell, suggesting further declines in August, as high interest rates and tight money drain mortgage funds. The National Association of Home Builders warned the drop is not the end and linked it to the administration's anti inflation program.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Department
National Association of Home Builders
Fowler
Wright Patman
Dtex
House Banking Committee
Patman
Savings and Loan
Hubert H. Humphrey
Associated Press
Viet Nam
Finch in satisfactory condition after two car crash
Doak Finch of Thomasville North Carolina, former president of Thomasville Furniture Industries, remains in satisfactory condition at Medical College of Virginia Hospital Richmond recovering from injuries in a two car wreck two weeks earlier. He suffered facial cuts bruises a compound arm fracture and had facial bandages removed last Saturday. His wife also suffered minor injuries and was treated and released then stayed at a hotel awaiting his discharge. The couple were en route to Owego New York for their son Richard and Miss Susan Gay Moeckly's wedding when the accident occurred.
MENTIONED IN THIS ARTICLE
Richmond
Doak Finch
Thomasville
N. C
Thomasville Furniture Industries
Medical College of Virginia Hospital
Finch
Owego
N. Y
Richard
Susan Gay ‘Moeckly
Owega
New York Stock Exchange Index at Noon
New York AP reports noon figures for the New York Stock Exchange index with no detailed moves or values provided. The brief notes overall activity in the market as traders assess shares across sectors.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange Index
Hanes Appeals NLRB Subpoena Over Employee List
Hanes Hosiery Division asks the National Labor Relations Board to nullify a subpoena seeking names and addresses of about 4,000 Hanes workers eligible to vote in a TWUA representation election. The request argues the list would aid union organization and cites NLRB authority questions. The TWUA seeks delay until the list is produced.
MENTIONED IN THIS ARTICLE
Winston-Salem
Hanes Hosiery
Hanes Corp
National Labor Relations Board
NLRB
Washington
Hanes
Textiles Workers Union of America
Afl-Cio
TWUA
UAW Pressure Mounts as Big Three Stand on 1967 Contracts
The article notes pressure on the UAW and the Big Three as contracts near expiration on September 6 1967. It highlights a proposed UAW constitutional amendment letting skilled trades vote separately on future contracts and potential work stoppages to push for higher pay. Tradesmen cite higher rates in Detroit tooling shops and carpenters electricians scales while overall auto worker wages average 3.22 an hour.
MENTIONED IN THIS ARTICLE
Ing
Big Three
UAW
Detroit Tooling Association
Detroit
Typical Summer Weather Prevails
The Associated Press reports warm temperatures and scattered afternoon and evening thundershowers will continue in North Carolina into the weekend. No significant temperature changes expected, with highs around 80 in the mountains and near 90 elsewhere. Overnight lows remain just above mid-summer normals. Rainfall Wednesday varied by area, with some spots over a tenth of an inch.
MENTIONED IN THIS ARTICLE
Associated Press
North Carolina
Weather Bureau
Economy Faces Inflation and High Rates Amid Policy Doubts
The Johnson administration contends the economy is strong though inflation and high interest rates persist. The Federal Reserve tightened credit, banks raised rates, and a new reserve requirement would reduce lending by about 450 million. Treasury Secretary Fowler warned against relying on high rates as a main tool.
MENTIONED IN THIS ARTICLE
Washington
Johnson
Afl-Cio i
George Meany
William H. Shaw
Federal Reserve Board
Commerce Department
Secretary of the Treasury
Henry H. Fowler
Bow-Joned Averages in Bond Market Report
A numeric market summary lists averages across bond categories with scores such as 81.65 0.03 and 75.17-0.03 for Higher grade rails and Second grade rails. Public utilities show 81.48 0.01 and Industrials 87.03 with beamed notation.
MENTIONED IN THIS ARTICLE
Ceveewee
Weather note sun set and sunrise times
The Associated Press reports today’s sunset at 7 07 p m and sunrise tomorrow at 5 40 a m.
New Protest Marches Planned in Chicago
Civil rights leaders after seven hours of talks announced new protest marches in Chicago over open housing. Dr. Martin Luther King Jr and top aides said meetings were amicable but no ceasefire was agreed. The demonstrations will continue with plans for future parades.
MENTIONED IN THIS ARTICLE
Chicago
Martin Luther King Jr
King
Lin Piao Named No 2 in Red China
Tokyo reports say Defense Minister Lin Piao is now China’s second ranking leader after Mao Zedong. The New China News Agency described Lin as Mao’s dearest comrade and spokesman, noting Lin led a Beijing rally and was listed just after Mao in official lineups while Liu Shao-chi faded from prominence.
MENTIONED IN THIS ARTICLE
Tokyo
Red China
Lin Piao
Mao Tzetung
New China News Agency
Lin
Mao
Peking
Central Committee
Chinese Communist Party
Liu Shao-chi
Liu
Gate of Heavenly Peace
Peking Radio
NCNA
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