Stock market declines on profit taking at noon
The noon Dow Jones average fell 5.47 to 8.50.25 as declines led advances 2 to 1 on the New York Stock Exchange. Analysts call profit taking normal after gains, noting light selling pressure and that volume tapered after a broad rise, with the AP average down 1.1 to 307.6 as sectors overall slipped.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Associated Press
Cox
Minnplt
CPC
MobilOil
Mohas
Monsant
Crown Cork
MorNor
AO Indust
DaycoCp
Guy Nabisco
Arklgas
Deere Co
Mia
Alamera Oil
Atlas Co
NatCash R
Barnes Ena
Delta Air
Nat Distil
BrascanLt
DennyRst
Buttes Gs Oil
DetEdis
CampbChile
CdnJavin
Dillon Co
Nat Indust
Certron Cp
Disney
Nat Steel
Cinerama
Diversind
Dr Pepper
Natomas
Wi Data Control
NewPow
DowChm
Val Newberry
Dixilyn Corp
Dillard
Dressind
Duke Pw
Nenge
Newmat
Essex Chem 2A
duCont
Niag MP
NL Ind
Felmont Oil
Dynam Am
Norfolk
Gen Plywood
Mank Gaon
Norris Ind
East Air Lin
Gt Basin Pet
EasKod
Va Noamrk
Husky Oil
Eaton
Va Echlin Mf
NoStaPw
Ve Eg&g
Northrop
Instrum Sys
Eipasong
Nwst Airl
Kaiser
Kin Ark Corp V
Kingsford
ChiMil Spp
Okla E
Lafay Radio
Okla Ngs
Lee Ent
Olin Corp
Ling Tvgt
Chris Craft
A Omarkin
NewPark Mn
Colg Pal
Ve Nor Cdn Oils
PacPearel
giNuclear Am
Collins Rad Coloniist
Pacpwl
Va Okc Corp
Exchange
Pac T&t
Ormand Ind
CBS
Ozark Airline
Colu Gas
Va Permaner
Cmmben
Panam WaAir
Va Phoenix
Statham Ins
Evans Pdwi
Ea Pfizer
Arizona la
Fansteel Inc
Pitney B
Viewlex
AllegPw
FedDeptStr
Ey Polaroid
Vikoa Inc
Allied Ch
VLN Corp
AlliedStr
Firestone
Ve Westates
Ve Westates Pt 23 A v Va — Vo AllisCh
Ind
Wilshire
Alcoa
Yates Ind
Publkind
Questor
Va Ralston P
Vaigac Cp
Banco Inc
Am Hosp
GAF Corp
GenElec
At&t
le Am T&t
AMF Inc
Genesco
Rohr Ind
Royccola
YalGaPacif
Ancorp
Gerber
Se — YefRoyDut
Gettyo
Ryder Sy
Arch Dan
Gillette
Glen Alden Wa
Safeway
Goodrich
Goodyr
Grace
Sanders Asso
Altas Corp
Va Sa
A Avco Corp
A&p
SCM Corp
Greyhound
Gulf
Harris Int
Smith
Burling
Cadence Ind
Cal Finan N
Stevens
Swit Co
T&t
Es Teledyne
Cerro Cp
Itek Corp
Tenneco
CessnaAir
Jewel Co
Texaco
John Man
Corp
Jostens
Textron
Cowles
Ally
Todd Ship
KayserRo
Transmra
E Kennecott
NM Trw Inc
Koppers
Kraftco
Dowd
Ene
VAL Inc
Kresgess
UMC Ind
Kroger
A Vetin Carbide
Tel
Elec
LearSleg
UnoilCal
Lenpcem
UN Pac Cp
Uniroyal
Littonind
Indust
Lockheed Air
Loews Corp
LoneStarin
US Steel
Lonesga
Univ Oil
LongisLt
UnivCptr
Upjohn
LukenStl
Wdl
LVO Corp
Varian Assoc Nu
Ee Weyerhs
McDond
Williams
Zale Corp
Stock footnote codes and dividend annotations listed
A list of footnote letters and two letter codes used in stock tables explains types of dividends and actions. Entries include ex dividend ex rights stock splits liquidation payments and various actions like declared paid or omitted within a given year or period.
MENTIONED IN THIS ARTICLE
Ing. R
Indian advances in East Pakistan threaten key centers
The general reported widespread Indian gains in East Pakistan with Mukti Bahini support and a naval and air blockade. Claims included capture of Feni, encirclement of Comilla, near Sylhet, and three miles from Jenin, with casualties on both sides and restricted frontline verification.
MENTIONED IN THIS ARTICLE
East
Pakistan
Mukhti Bahini
Jacob
Cial Ortay
Feni
Dacca
Chittagong
Sylhet
Comilla
Jenin
Radio Pakistan
India
NASD OTC Bid-Asked Quotes Rough Snapshot At 11 A.M
Inter-dealer quotes from NASD show BID and ASK ranges for several firms at around 11 am. Prices exclude retail markups and commissions. Listed names include American Furniture, Carolina Caribbean, Hardee's, Integon, Life of Carolina, N C N B Corp, N C Natural Gas, Public Serv of N C, Ruddick Prof, Ruddick Common, Son Film Ext, and Wellington Hall with varied percentages.
MENTIONED IN THIS ARTICLE
Carolina Caribbean
Hardee’s
Integon
Life of
Carolina
N.C.N.B. Corp
N.C. Natural Gas
N.C
Ruddick Prof
Ruddick Common
Son
Wellington Hall
Firestone names Harold D Hatfield Jr manager in High Point
Harold D Hatfield Jr age 25 named manager of Firestone Store at 501 N Main St He hails from Sumter SC and comes from Florence SC where he served two years as assistant manager He and his wife with one child reside at 616 Woodlawn Dr succeeding Jerry Gates who resigned as chain manager.
MENTIONED IN THIS ARTICLE
Harold D. Hatfield Jr
Firestone
N. Main St
Sumter
S.C
High Point
Florence
S. C
Hatfield
Woodlawn Dr
Jerry Gates
Bame Promoted at Electronic Data Controls Corp
Charles R. Bame has been promoted to treasurer and assistant secretary of Electronic Data Controls Corp of Winston Salem. He previously worked for Heritage Furniture Co and Clarendon Industries Inc and has been with the firm since December of last year.
MENTIONED IN THIS ARTICLE
Charles R. Bame
Electronic Data Controls Corp
Winston Salem
Bame
Heritage Furniture Co
Clarendon Industries Inc
Pakistan Leader Seeks Coalition Government Names Bhutto and Amin
President Yahya Khan of Pakistan asked former Foreign Minister Zulfiqar Ali Bhutto and Nurul Amin to form a coalition government Radio Pakistan said Bhutto leads the leftist Peoples party which won a majority of National Assembly seats from West Pakistan Amin leads the right wing Pakistan Democratic party and opposes Sheikh Mujibur Rahman who heads the Awami League and is imprisoned Amin was one of two non Awami Leaguers elected in East Pakistan.
MENTIONED IN THIS ARTICLE
New Delhi
Agha Mohammed Yahya Khan
Pakistan
Zulfikar Ali Bhutto
Nurul Amin
Radio Pakistan
Bhutto
Peoples Party
West Pakistan
Amin
Pakistan Democratic Party
Sheik Mujibur Rahman
Awami League
National Assembly
East Pakistan
Awami
Cone Mills Announces Raises for Hourly Workers
Greensboro AP report says Cone Mills Corp announces pay raises for hourly workers at its nonunionized plants in North and South Carolina effective December 27. The company states the move will raise wage levels for staff employed at facilities across both states.
Company says raises align with Pay Board cap
The company stated the increases, amount undisclosed, conform to the Pay Board limit of 54 percent.
Stock Firms Let Merger Create Wheat First Securities
Two NYSE member firms Wheat & Co of Richmond and First Securities Corp of North Carolina will merge effective December 31 forming Wheat First Securities Inc. with 500 employees, 200 registered representatives, in 23 offices across Virginia North Carolina and West Virginia. Headquarters will be in Richmond.
MENTIONED IN THIS ARTICLE
Richmond, Va
New York Stock Exchange
Wheat & Co
Richmond
First Securities Corp of
North Carolina
Wheat, First Securities Inc
Virginia
West Virginia
North Carolina Captain Killed in Southeast Asia
Defense officials report Army Captain Joe S. Burchfield of North Carolina killed in action in Southeast Asia. He was the son of Lt. Cmdr. (Retired) and Mrs Daniel L. Burchfield of Elon College Route 1.
MENTIONED IN THIS ARTICLE
Washington
Defense Department
Army
Joe S. Burchfield
North Carolina
Burchfield
Cmdr
Daniel L. Burchfield
Rt. 1
Elon College
House set to vote on $6 billion child care bill today
In a high stakes vote the House faces White House opposition as it considers a $6 billion two year extension and a new child development program for preschoolers of working mothers. Opposition cites cost and state control while supporters call it a moral imperative.
MENTIONED IN THIS ARTICLE
House
Washington
White House
Carl Albert
Senate
Office ‘of Economic Opportunity
OEO
Head Start
New Child Development
Nixon
Cannon Mills Announces Pay Increase Across 12 Plants
Cannon Mills textile plants in 12 cities in North Carolina South Carolina and Georgia raise wages effective this month under federal Pay Board guidelines. About 24000 employees will see generally around a five percent increase with dates varying by plant and shift.
MENTIONED IN THIS ARTICLE
Kannapolis
N.C
Cannon Mills Textile Company Today
Federal Pay Board
North Carolina
South Carolina
Georgia
Powell Confirmed and Rehnquist Next Moves in Senate
The Senate confirmed Lewis F Powell Jr for a Supreme Court seat by 89 to 1 and moves toward approving William H Rehnquist for a second nomination. Birch Bayh opposes delaying a vote while Powell expresses humility about meeting high expectations amid civil liberties questions surrounding Rehnquist.
MENTIONED IN THIS ARTICLE
Washington
Lewis F. Powell Jr
Senate
William H. Rehnquist
Varaneyv
Torney
Fred Harris
D-Okla
Virginia
Harris
Nixon
Powell and
Rehnquist
John M. Harlan
Hugo L. Black
Supreme Court
Phoenix, Ariz
Senate Judiciary Committee
James ©. Eastland
D-Miss
Roman L. Hruska
R.neb
Nixon reassures Trudeau on Canada’s independence in future
Nixon told Prime Minister Trudeau that the United States will not interfere with Canada’s pursuit of its own future. Canadian officials said the talk centered on national identity and economic development free from U.S. financial influence. The session plus dinner were described as very full and cordial with differences over framing of issues.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Pierre Elliott Trudeau
United States
Canada
Peking
Moscow
White House
Trudeau
South
America
Ronald L. Ziegler
Ziegler
India
Georges Pompidou
Azores
Edward Heath
Bermuda
Willy Brandt
Key Biscayne
Eisaku Sato
San Clemente
State parties urged to seat delegates by demographic balance
The commission calls for full compliance with guidelines on representation by women minorities and youth. It states state parties should be on notice that seating challenges based on underrepresentation will constitute a prima facie showing of violation, especially in Miami delegation seating.
MENTIONED IN THIS ARTICLE
Miami
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Stock Market Report
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L.d
Firestone Manager
Pakistan Coalition
Cone Mills
Dow-Jones
NEW York Stock Index
Pasrte
Nia OM
Asia
Cannon Mills
Powell
S Birds
Birch Bayh
D-Ind
American Bar Association
New Firmation
York City
Square
Peary
High Point Enterprise
High Point Enterprise, Inc
Church Avenue
Okly
Ward-Griffith Company
National Advertising Representatives
Santa
Lania
First Federal
First Federal Savings and Loan
Ali Jamestown
E. Main ST