Market Advances Broad Rally Led by Steels and Motors
The stock market posted a solid broad advance with the Dow up 5.55 to 758.32 at noon as investors anticipated a looser policy stance. Big Board volume favored 15 of 20 top issues, with Boeing slipping and Control Data, IBM, Polaroid, Xerox, and Telex rising. Drugs like Pfizer and Merck also posted gains amid gains across autos and chemicals.
MENTIONED IN THIS ARTICLE
Arthur F. Burns
Federal Reserve Board
New York Stock Exchange
Boeing
Control Data
IBM
Polaroid
Xerox
Telex
New York
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Marathon
CFI St
Ches Ohio
Marcor Inc
Mar Mid
Aerojet 50A
Chipnevt
Martiol
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Am Petr
Coler
Mayostr
AO Indust
Citfin
Maytag Ta
Ark Gas
McDonn
Asamera Oil
MeadCorp
allasCorp
Me— Clevélr
MeivSho
Charnes Eng
CocaCol
Merck
Colg
Cinerama
Minnplt
Mobil
Mohasco
Dixilyn Corp
Monsan
MontDit
Mont Pw
Mor-Nor
Fermont
Motorola
Frontier Air Om
We ContAirs
Gen Plywood
Wills
Goldfield
Selimp Ol
Kaiser
NatGyps
Newldria
NewPark Ma
CrowCol
Ormand Ind
Crown Cork
Saxon
Statham
Syntex
Technico
DanRivr
Ning MP
Wn Nuclear
NorfolkWst
Associated Press
DaycoCp
Norrisind
DeltaAir
NorPac
NoStaPw
Northrop
DiaSham Mtea
NwstAirl
DillonCe
NwtBanc
Alpius
Liquidadivi
Norton
NortSim
O & Sa
Duke Pw
duPont
Okla Ngs
Seeee
Dyna Am
Olin Corp
Lev
Omark Ind If Iin
Otis Elev
East Air Lin
Packty
Pac Pet
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PanAsul
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PanAm WaAir
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Parke Davis
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Fair Mill
PennDix
Fanstee! Inc
Penney JC
FedDeptsne
Pvepsico
Pfizer
Phelps
Philip Morr
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FordMet
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Gam Sko
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New York Stock
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Pullman
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Raytheon
Admiral
Genesco
Gerber
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AlcanAly
Alleg Cp
Gillette
Rohr Cp
Glen Alden Roy
Global Marine
Royal Dut 2d
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Goodrich
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Goodyear
Iadbus Allis Chaim
GraceCo
Alcoa
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A&p
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Schenley
Acrysug
Greyhound
Schering
AmCyan
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Enkala
GulfStart
Scott Paper
GulfWin
Wwe
Searsr
Harris Int
Shell Ol
Smith KF
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T&t
Hoff Electra
Va Amk Co
Soucale
South Co
Ampine
HollySug
Ampex Corp
Somgas
SouthrnRy
ArchDan
Houstlp
Spartans
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Sperry R
Armour
Atlas Chem
E Atlas Corp
ValStein
Stevens
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Babck
Miner
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Beckman
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Bendix
Itek Corp
Tampa el
Weltexaco
Johnna Me
Texetrn
BoisCas Boeing
Jon Logan
Texgsul
Borders
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Wet Me Budd Co
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Bank Ramo
Katy Ind
Air Transm
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Burrghs
Kennecott
Transitron
TRW Inc
Koppers
Twen Cent
Kroger
UMC Ind
UN Carbide
Carterw
CastieCke
Lear Sieg
Elec
CaterTr
UN Pac Co
UnionPacif
Lehma
Lidofrd
Uniroyal
UnitAirc
Ling TV
Lockheed Air
US Steel
Univo
Upjohn
SAM
Melvo Corp
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Alvarian Asso
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Whittaker
A+ & Woolwtch
Xerox Cp
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Accomatad
Stock Averages and Notes From The AP Report
Stock averages are compiled by The Associated Press and show noon figures, week and month comparisons, and year over year data. The report includes notes on stock dividends, ex-dividend dates, stock splits, and various abbreviations used to indicate changes and conditions.
MENTIONED IN THIS ARTICLE
Ind
Assoc Prev
Forecast North Carolina and South Carolina Weather Summary
The region sees light rain likely in parts of North Carolina turning to snow or snow flurries and colder conditions near the mountains tonight. Elsewhere, cloudy and mild with rain ending tonight then colder, lows in the 20s west to 40s coast. In South Carolina fair and colder tonight and Tuesday with highs around the 50s on the coast and 40s inland.
MENTIONED IN THIS ARTICLE
North Carolina
South Carolina
Thursay
Police Probing Woman's Death in Raleigh
Raleigh police investigate the death of 32 year old Ruby Ann Lanier Horton whose bruised body was found at her apartment. Her father Paul Lanier found her around 2 15 pm and called an ambulance. she died on arrival at Wake Memorial Hospital. No arrests have been made.
MENTIONED IN THIS ARTICLE
Raleigh
Ruby Ann Lanier Horton
Horton
Paul Lanier
Wake Memorial Hospital
School Lawyers May Form Group
William E. Poe, president of the North Carolina School Boards Association, will chair a committee to determine the need for an association of school attorneys. The panel was named at the close of the third annual school attorneys conference at the Institute of Government in Chapel Hill.
MENTIONED IN THIS ARTICLE
Chapel Hill
North Carolina School Boards Association
William E. Poe
Instite of Government
Bank appoints William V Long Jr as assistant vice president
William V Long Jr has joined First National Bank of Asheboro as assistant vice president. A native of Biscoe, he attended Campbell College and graduated from Catawba College in 1960. He lived in Randleman nine years, active in local religious and civic affairs, and past president of the Randleman Lions Club. His wife is Sylvia Kennedy.
MENTIONED IN THIS ARTICLE
William V
Bill) Long Jr
First National Bank of
Asheboro
Biscoe
Campbell College
Catawba College
Randleman
First Baptist Church
Randleman Lions Club
Long
First Union National Bank
Sylvia Kennedy
Longs
Brad
Barry
NCNB Among Top 12 Banks in Finance Magazine List
J Ed Pleasants NCNB senior vice president notes Finance Magazine's 1970 ranking of 12 banks in a 295 bank list of favored common stocks for investment. The study, in its January issue, shows broad representation across industries and no emphasis on bank stocks. Bank trust departments invest about 187 billion dollars in common stocks.
MENTIONED IN THIS ARTICLE
North Carolina National Bank
Finance Magazine
J. Ed Pleasants
NCNB
Viet Cong bomb wrecks building in Saigon
A 20 pound plastic bomb blasted through the upper floor offices of a two story building on Sunday in Saigon. The blast left a large roof hole and burned files and furniture. No injuries to passersby were reported. Nguyen Ngoc Huyen said most accreditation files remained intact and a temporary office was set up. Officials reported no suspects.
MENTIONED IN THIS ARTICLE
Nguyen Ngoc Huyen
Press Center
Huyen
Beef From Tumorous Cattle Raises Food Safety Questions
The Agriculture Department reports millions of pounds of beef from cattle with cancer eye or related tumors were processed after removing offending parts. Of 103000 cattle carcasses checked, 168 had carcinoma and 102669 had epithelioma. Overall, more than 3.3 million pounds were affected by postmortem trimming.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Department
Jesse L. Steinfeld
U.S
Joseph S. Stein
Stein
Seattle
Medicare Pays Two Clinics One Million Each In 1968
A Senate report shows the Scott and White Clinic at Temple Texas received 1.3 million in Medicare payments for 107 doctors in 1968, while Palo Alto Medical Clinic in California got 915000 for 130 doctors. The AMA official connected to Palo Alto was a partner then. The report notes six payments in the 1 million bracket and 68 doctors earned at least 100000 that year. Florida led with 37 such earners. Names are coded in the file. clinics named by AP sources.
MENTIONED IN THIS ARTICLE
Washington
G.P
Texas
California
Senate
American Medical Association
Palo Alto
Calif
Scott and White
Temple
Tex
Medicare
Florida
New York
Michigan
Health care reform proposal cites cost controls and payroll funding
A Finance Committee staff report urges a new federal health insurance framework with a $2 per visit charge after the first, funded by Social Security and matched payroll contributions from employers and the federal government. It calls for maximum physician fees and stronger HEW controls to curb rising costs for Medicare and Medicaid, which now total $8.3 and $55 billion respectively.
MENTIONED IN THIS ARTICLE
Finance Committee
Congress
Russell B
John 4. Alan
Delaware
Health, Education and Welfare Department
Doctor OKs Hemorrhoid Treatment for New Jersey Couple's Son
Wharton New Jersey Mr and Mrs C M Jeffers report their one year old son was suffering hemorrhoids. The doctor approved Preparation H noting its efficacy in shrinking inflamed hemorrhoids and relieving pain and itching. It lubricates for comfortable bowel movements and helps prevent further infection.
Charlotte Sanitation Strike Ends After City-Government Negotiations
Charlotte sanitation workers end a five day strike after union and city officials reach an agreement. Eleven fired employees will be reviewed under grievance procedures with Veeder to decide within ten days. If dissatisfied, cases go to a mutually agreed third party.
MENTIONED IN THIS ARTICLE
Charlotte
William Veeder
Veeder
Morton Shapiro
Atlanta
American Federation of State, iCounty
Robert A. Earle
Federal Mediating Service
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Stock Market Report
American — Exchange
Jack Lefler
Waldeanade
Sevesre
Icenia
Gmvacimd TT
GPUS
A. Trower Orwewe
Ing
Dow-Jones
Conese Eer Ee Ieee
NEW York — Exchange
John Gill
Scott and White Clinic
Texas Clinic
Frontier Railroad
Dial
O.K
N.J
Sanitation Department
Wurlitzer Piano
Pearson +] MUSIC CO
S. Main St
Greensboro
Raleigh and
Durham
Oses of
High Point