Market dips as GE plant closures weigh on tone
Stocks drift lower amid mixed news as General Electric plant closures and a weaker home construction forecast temper optimism from Federal Reserve Chair McChesney Martin. Industrials slide while the AP 60 averages retreat and Xerox drops on convertible debenture plans.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Federal Serve Board
William McChesney Martin
General Electric
Associated Press
Xerox
New York Stocks Mixed As Trading Closes Quietly
Wall Street ends with uneven results as many large issues hold gains while others slip. The AP report notes mixed activity across sectors with several industrials and food firms showing strength, yet financials and some transport stocks end the day lower amid narrow trading.
A.P. Stock Averages Stalled Amid Market Unease
A disjointed clipping notes stock averages at 160 with an 28 percent change, signaling a cautious market mood. The fragment references performance indicators and trading context but provides limited details on names, dates, or actions.
Stauffer Buys Du Pont Coated Fabrics Plant Newburgh NY
Stauffer Chemical Co has purchased the Du Pont coated fabrics plant in Newburgh New York which makes vinyl coated fabrics for furniture upholstery draperies window shades and footwear uppers. Robert K Southard is the Stauffer sales rep in High Point Eckerd Drugs Inc declares a quarterly dividend of 15 cents on common stock 50 cents on preferred stock with payment Feb 28 to holders of record Feb 14. Sales for the third quarter ended Jan 1 totaled 12897000 and nine month total 31457000, both records.
MENTIONED IN THIS ARTICLE
Curtiss Wr
Wina Ayla
Rena
New York
Omamoos Selagieg
Nwban
Norton
DetEdis
Norwich
AjaxMag
SIH DomeMin
Doug Airc
STM
Otis Elev
Barnes Eng
Dow Chem
Migrazii LtPw
Draperc
Spowensill
Vlarit Pet
Denavelingubsat
Isevs
Tal Cinerame Ena
Fargo Oils
wiPerkeDavle
Miealy
Eg&g
Flying Tiger
Elgonds
Eipasong
WiPenney
Giant
PaPwit
End Johnson
WiPea
OM Goldfield
lErieLack
jEthyicorp
Pepsico
Pfizerc
We Hoernerw
PhilMorr
Wiecery
Pitneyb
Wweo
PitPlate
Pitts Steel
Sperry R
Smete
RCA
Ava
Ravnier
Associated Press
Raymeen
FreesSul
RepubSii
Reviow
Rexall
GenDynam
Rohr Cp
Roy Ccola
RyderSys Nile Ove
New York Stock
Esroway
Exchange
Gerber Pd
Scheniey
Abbott Lab
SM - Vitoee
WeiGoodrich
Agmillis
Goodyr
braceCo
Sears Roe
Alieglu
ShellTra Fe
Allied C
Sinclair
GrumAire
Alice
Sea Ie
South Co
Am Can
South Ry
Val Spartan Ind
Wittercinc
ValSperry Rand
liewPeck
ValSra Brand
saiMott Electron
Valsta
Eneywl
Weispaciom
St Packaging
Stan Warn
Wei Houst
T&t
Anaconda
Ml Teledyne Inc
Tenneco
Tia
Armour
InsNoAm
Wieveten
We ArmsCk
Tex G Sul
Wiintbusm
Aida Ais
Texasinst
SIM Sim
Extron
Atchison
Aticline
Yajinti
Tidewat Oi
Atlas Corp
Sint Pap
Timrb
Avco Cp
Transwair
Rails Ind. Util. Fon. L. Ya
Transamer
JonnMan
Alline Monn
Wisontogan
UMC Ind
BeechAr
UnitairLin
AiKennecott
SelUnitCorp
Kerr Mc
Unitmm
Brunswick
Ellearsion
wlUbane
Bulova
Wlumwne
iVanadCp
iVarian Asso
ValVendo Co
Wiveeipw
Aeene CaterTr
Westa
Hagnavox
Maratha
Seimar Mid
Teconse Ches Ohio
ChiMil
McDon
MiMcKess
MGM Ib
CBS
VelmidSoUfil
Col Gas
iminerCh
ComiCre
mobilOll
Mohasco
VelMonsan
CoxBdeas
CrouseHd
CrowCol
Nevada
Stauffer Chemical Co
du Pont
Newburgh
N. Y
Robert K. Southard
Stauffer
High Point
Eckerd Drugs, Inc
High Point Executives Attend Durham Savings Conference
High Point junior executives and staff from Piedmont Savings and Loan attend the two day Junior Executives and Employees Conference in Durham at the Jack Tar Hotel. Attendees include Pat Price Virginia Yarborough Robert Presley from Piedmont Savings and Loan along with Brenda Saintsing J Lack ey J D Dobbins and Loflin from Atlantic Savings and Loan. Perpetual Savings and Loan sends Barbara Carrol Margaret Beck Brenda Blair R E Clement and J H Oglesby.
MENTIONED IN THIS ARTICLE
High Point
Durham
Jack Tar
Pat Price
Virginia Yarborough
Robert R R. Pressley
Piedmont Savings ‘and Loan Assn
Brenda Saintsing
J Lack‘ey
J. D. Dobbins
Loflin
Atlantic Savings and Loan
Perpetual Savings and Loan
Barbara Carrol
Margaret Beck
Brenda Blair
R. E. Clement
J. H. Oglesby
Smoker Blamed For HPC Fire
A fire blamed on careless smoking damaged a sofa at the Women's Hall on High Point College campus late last night. Firemen found the blaze out upon arrival and also responded to incidents on W Willis Street and Putnam Street with minor smoke and heat damage reported.
MENTIONED IN THIS ARTICLE
Women’s Hall
High Point College
Narrington
W. Willis Street
Austin Denny
Putnam Street
Howe
Cease-fire traffic surge threatens large Communist supply move
A U.S. spokesman said water and road traffic in North Vietnam jumped after a truce began with 112 trucks Tuesday, 779 on Wednesday, and 804 on Thursday. If sustained to Sunday, those movements could allow about 35 000 tons of materiel to reach the southern demilitarized zone, following a prior two day Christmas lull moving 10 000 tons.
MENTIONED IN THIS ARTICLE
Ese
U.S
North Vietnam
North Viet‘namese
North
South Vietnam
Sang
New York Stock Indexes at Noon Mixed Slight Dips
Financial figures from New York show mixed moves at noon with minor declines in several sectors. The Industrial index edges up while Transportation and Finance slip slightly amid modest market activity.
MENTIONED IN THIS ARTICLE
New York
New York Sage Pachenge
Industria
NCNB Names Campbell Assistant Vice President and Director
George W. Campbell Jr. joins North Carolina National Bank as assistant vice president and director. A High Point native with UNC Chapel Hill BS and Harvard MBA, he moves from First National City Bank in New York to NCNB with an office in Charlotte.
MENTIONED IN THIS ARTICLE
George W. Campbell Jr
North Carolina National Bank
High Point
University of North Carolina At Chapel Hill
Harvard Graduate School of Business Administration
Campbell
NCNB
New York City
First National City Bank of New York
Charlotte
Colonial Stores announces 50 cents quarterly preferred dividend
Colonial Stores Inc declares a quarterly dividend of 50 cents per share on its 4 percent preferred stock payable March 1 to holders of record February 16.
MENTIONED IN THIS ARTICLE
Colonial Stores, Inc
North and South Carolina Weather Outlook With Cold Period
Forecast shows clear to sunny skies in North and South Carolina with cold nights. Lows 15 to 38 degrees and weekend highs mostly 40s to 60s, trend of much below normal temperatures through midweek with mixed rain and snow possible late Sunday or Monday.
MENTIONED IN THIS ARTICLE
North Carolina
South Carolina
Colombia Sees Rising Death Toll After Major Quake
In Colombia the death toll from the powerful earthquake climbed to 75 with more than 300 injured and hundreds trapped in elevators as fires and power failures disrupted Neiva and other cities. The Interior Ministry imposed a state of emergency and ordered rebuilding of damaged structures valued in the millions. Red Cross and army teams aided relief efforts as repeated tremors rattled Bogota and regions including Huila and Tolima.
MENTIONED IN THIS ARTICLE
Daniel Harker
Bogota
Colombia
Interior Ministry
Huila
Thursars Poly
Neiva
Capi Bogota
Plaza Hotel
State Capitol
Court and Co
Tolima
Red Cross
Misael Pastrana Borreo
Demos Praise Moore Talk in State of the State
Democratic leaders praised Gov. Dan Moore's 42 minute State of the State address as sound and progressive. Republicans offered cautious critique noting gaps on pay raises for teachers highways and education funding. House Speaker Britt called it forward looking while minority leaders urged clearer specifics and bolder action.
MENTIONED IN THIS ARTICLE
Raleigh
General Assembly
Dan ‘Moore
Tom White
D-Lenoir
Senate Appropriations Committee
Senate
John JL. Osteen
R-Guilford
David Britt
D-Robeson
House
Don H. Garren
Henderson
E Pgn
Garren
Carl Wills Named Heart Fund Business Days Chairman
Carl D. Wills of 508 Spruce Street has been named Business Days Chairman for the Heart Fund in High Point. He will lead February solicitation in the local business community as the North Carolina and American Heart associations run their annual campaign. Wills, acting director of public works, previously served as Business Days captain and notes the committee is complete with E. A. Hesse Jr., Mack Farr, Robert Nelson, Paul Jomes and Henry Draughn.
MENTIONED IN THIS ARTICLE
Carl D. Wills
Spruce St
Heart Fund
High Point
Wills
Hearts
North Carolina
American Heart Associations
E. A. Hesse Jr
Mack Farr
Robert Nelson
Paul Jomes
Henry Draughn
Also Mentioned on This Page
Stock Market Report
Tornard
Seles
Wesgelio
Buu
Zenith
The
A.P. Stock
Ray Hubbard
Dow-Jones
Ncnb Executive
Colonial Stores
Moore
ALA
Tmi
Newspaper Enterprise Assn
Carl Wills
Beechcraft
Greensboro
Greensboro - High Point
Friendship
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