Market declines amid mixed tech and industry shifts
The afternoon stock market opened lower after yesterday’s three month low retreat, with the Associated Press average down 1.0 to 310.9 and the Dow off 4.23 to 832.41 at noon. Some gains appeared in electronics and office equipment while IBM, Schenley, and Fairchild led small advances, and RCA rose on news of its record fourth quarter.
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New York
Associated Press
Dow Jones
IBM
Schenley
Fairchild Camera
Alcoa
Swift
Roan Selection Trust
Avco
R. Hoe & Co
Great Lakes Chewcals
CCI Corp
Sperry Rand
Mead Johnson
Stock Dividend and Ex-Dividend Terms Summary
A glossary style note listing terms used in stock markets such as ex dividend ex rights ex distribution and stock dividend with references to payables dates and phrases like declared paid in 1966 and accumulation of dividends in arrears. It includes terms on warrants rights and classifications like new issue and sales in full.
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Jared
Erwin Mills, Textile Workers sign two-year contract
Officials of Erwin Mills and the Textile Workers Union signed a two-year agreement to end a 30 day strike at the Burlington Industries subsidiary. Most of the 1,200 workers had returned to their jobs after ratifying the pact. The contract preserves the jobs of all strikers. The strike began January 26 with no other issues at stake.
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Erwin
N.C
Erwin Mills
Textile Workers Union of America
Burlington Industries
Raleigh
North Carolina and South Carolina Weather Forecast
Forecast calls for fair and somewhat colder conditions tonight and Wednesday. North Carolina lows range from the lower 20s in the mountains to around 32 on the coast with Wednesday highs 37 to 45 in the mountains and 44 to 54 elsewhere. South Carolina lows are in the mid 20s in the mountains to 30 to 35 in the southeast with Wednesday highs 42 to 50 in the northwest and 50 to 56 elsewhere.
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North Carolina
South Carolina
Bridgers Named to Kemper Honor Society
Cadet John D. Bridgers of 1418 Lyndhurst Drive has been named to Kemper Military School and College of Boonville’s Military Honor Society. Selection recognizes top ten percent performers across all areas each semester with memberships in four honor societies.
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John D. Bridgers
John Bridgers
Lyndhurst Dr
Military Honor ‘Society
Kemper Military Espa
College of Boonville
Kemper
Broyhill Wins National Office of the Year Award
Broyhill Furniture Industries receives Administrative Management magazine’s national Office of the Year award for its Lenoir office and showroom, named one of 12 winners with nine honorable mentions. The modern Greek-inspired building is featured in the magazine’s March issue.
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Broyhill Furniture Industries
Lenoir
Administrative Management Magazine
Broyhill
NCNB Declares 30 Cent Quarterly Dividend
North Carolina National Bank directors announce a regular quarterly dividend of 30 cents per share payable March 1 to shareholders of record March 10.
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North Carolina National Bank
Soviet fishing ship sinks off Denmark in storm
A Soviet factory ship sank in a Baltic storm off Denmark's northern coast. About 50 fishermen are believed drowned, with 45 bodies recovered and seven missing. The 2345-ton Tukan from Kaliningrad sent a distress call around 3 am as rescue vessels and an air force helicopter searched waters 15 miles off the Jutland coast in the Skagerrak Strait. Reports of a fire aboard were unconfirmed.
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Hanstholm
Denmark
Danish
Kaliningrad
Skagerrak Strait
Jutland
Navy
Supreme Court Could Rule On City Run ABC Stores
North Carolina Supreme Court may issue a ruling Wednesday on the legality of city operated ABC stores. The Rockingham County suit challenges Reidsville’s liquor sales election and argues local acts violate the state constitution. If the court addresses the broader ban, all city operated ABC stores could be affected.
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Raleigh
North Carolina
Supreme Court
Rockingsham County
ABC
Reidsville
Asst. Atty
Jim Bullock
Piedmont
Bullock
High Court
German woman's breach of promise suit headed for appeal
Beate Leber 34, a German national, lost a $2.5 million breach of promise suit against William N. Brown 65 of a Sas nationality ranch. Judge Bowlen ruled her marriage to Ralph Leber made acceptance of Brown's proposal legally invalid. Brown's counsel called the lease agreement with the Lebers an illicit relationship.
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Tucson
Ariz
Beate Leber
Germany
William N. Brown
Sas- U.S. Dist
John C. Bowlen
Brown
Ralph Leber
Heidelberg
Ees Hayes
Ralph
United States
Hayes
Lebers
Norman Hull
NASA Says No Undue Risks Were Taken
NASA administrator James E Webb told the House committee that no avoidable risks were taken in the Apollo program after the Cape Kennedy fire that killed three astronauts. He said technical risks are necessary but not at the cost of astronauts lives.
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Washington
National Aeronautics and Space Administration
NASA
James E. Webb
la House
Cape Kennedy
Americas
Webb
Committee On Science and Astronautics
U.S
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Virgil I. Grissom
Edward H. White II
Roger B
James C. Webb
George E. Mueller
Ayo
Tle
Mueller
C.A. Berry
Snowdon Denies Divorce Rumors in Royal Family Saga
AP Special Correspondent Relman Morin reports Lord Snowdon denies divorce rumors and plans to join Princess Margaret in the Bahamas for a brief winter vacation on March 9, after returning from a four week photography project in Japan. The couple has two children and no pregnancy is claimed.
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New York
Lord Snowdon
Princess Margaret
Bahama Islands
Elizabeth II of England
Bahamas
London
Tokyo
Japan
Seattle
Wash
Taming of the Shrew
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Elizabeth Taylor
Burton
Laurence Harvey
Mia Farrow
Frank Sinatra
Snowdon
Daily Mail
Antony Armstrong-Jones
Margaret
Viscount Linley
Sarah Armstrong- Jones
NASD Over The Counter Quotes At 10.3 Cents Morning
Inter dealer quotes from NASD show representative prices around 10.3 cents as of 10:30 AM. Markets fluctuate through the day and quotes exclude retail markups markdowns or commissions.
Oswald verdict in Ferrie death cited as natural
Dr. Chetta stated Ferrie died a natural death with no indication of violence or murder or suicide. Tests negated alcohol arsenic cyanides barbiturates depressants and CNS stimulants. A note on the typewriter was found in Ferrie's cluttered apartment.
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Ferrie
Chetta
Texas
Houston
Galveston
Louisiana
Polk Memorial Awards Honor Faas Salisbury and Ramparts
The George Polk memorial awards announce AP photographer Horst Faas NY Times assistant managing editor Harrison Salisbury and Ramparts magazine as 1966 journalism honorees. Faas and Salisbury win for Vietnam coverage. Ramparts noted for CIA funding disclosures. No radio or TV honors awarded for 1966. Kumiss is described as fermented mare milk drink.
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NEW York
Associated Press
Horst Faas
Harrison E. Salisbury
New York Times
Ramparts Magazine
Faas
Salisbury
the Times
Ramparts
Central Intelligence Agency
National Student Association
Columbia Broadcasting System
Sweet potato weevil costs U S growers millions annually
The sweet potato weevil drains U S growers about five million dollars each year through crop losses and reduced yields, highlighting ongoing agricultural pest challenges and economic impact.
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U. S
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