Wall Street Gains on Peace Talks Progress
The Dow Jones average rose to 939.21 as market activity surged in response to progress toward Vietnam peace talks. The Associated Press stock average gained to 352.4 while industrials, rails, and utilities climbed. Notable moves included Benguet up 1, American Telephone and United Aircraft higher, Sinclair down, and General Development sliding on block trades.
MENTIONED IN THIS ARTICLE
NEW York
Paris
Associated Press
New York Stock Exchange
New York Exchange
American Telephone
Benguet
United Aircraft
Sinclair
Atlantic Richfield
Justice Department
Shoe Corp
Durroughs
Promotion Elevates Charles N Stephenson at Insurance Dept
Charles N Stephenson was promoted to vice president and manager of the Insurance Department at High Point Bank and Trust Co. He joined in June 1966 as assistant manager, became manager in June 1988, and was formerly Claims Manager for Great American Insurance Co. He and his wife Janis and two children live at 1711 Windsor Drive, Merryhills. He is active in Emerywood Baptist Church, High Point Kiwanis Chair, President of Northeast Davidson Civic Association, Vice President of High Point Insurance Exchange, and past president of the North Carolina Adjusters Association with life membership in the association.
MENTIONED IN THIS ARTICLE
Ghee Charles N. Stephenson
Stephenson
High Point © Bank and Trust Co
Insurance
Great American Insurance Company
Emerywood Baptist Church
High Point Kiwanis Chuir
Northeast Davidson Civic Association
High Point Insurance Exchange
The
North Carolina Adjusters Association
Janis
Windsor Drive
Merryhills
Recession Forces Slashes in U S Armed Services
The report warns that a slowing economy will force reduced expenditures and an armed truce could prevent large cuts in U S forces. It projects the armed services dropping by about 800000 personnel, about 200000 per quarter, starting in the third quarter.
MENTIONED IN THIS ARTICLE
U. S
Defense budget cuts and peace impact report summary
A defense department cost study projects 170000 civilian staff reductions and a 7 billion drop in military and civilian pay within 13 months, plus 4 billion in other operating expenses and 20 months to reduce procurement by several billions. It forecasts reductions of 8, 16, and 15 billion at 12, 18, and 36 months respectively, with peace potentially lowering purchases to 73 trillion by 1972. The report also favors a negative income tax at 15 billion cost and critiques pork barrel legislation as 20 billion yearly.
MENTIONED IN THIS ARTICLE
Nigh Point Bank and Trust
Monsen
Ae Co
Associated Press
Central
Cooperin
Abby
Crown Core uMit
New York
Nevada
Uae
Ilreserves
Peere Co
Arklgas
Ua Uy
Asamers
Deltaair
Joly Niag MF
AssdDit & S
Disney
NoStaPw
Northrop NwstAiry
Wai
NwiBanc
The
Bank
duPont
Norwich
Dixilya Corp Wu
Felmont Gil Fog
Rastair
Frontier Air
Tate
Kodak
Am DB
EalonYa
Dklangs
Ty Enases Ind
Asia Agi Zy OvinMar
Goldfiel¢ Db
Tote Ob
Sloan
Gibson Jr
Robert D. Davis
E’paso
Fred W. Alexander
F. Eltra
George T. Wood Jr
Lynn Evans
MIT
Williard
Medy
Ed Mendenhall
Amos
HONG
Pactat
R. Kearns
Pan Am
Parkeapavis
NewPark
Nessner Bros
We Oa
Lve
Fred W. Fittrol
PennCen
Ormand Ind
Alexander
Firesme
PepsiCo
Statham
Va Perfect Film
Iard Melanis
Doe
Wn Nuclear
James R. Spence
Vine FoodEair
Phelpsd
Elma Ellis
Formck
J. W. Freepsu
Tova
eGuilnn Jr
Polaroid
Bull. Wright
GAC Cp
GAF Corp
Ant
Harry Alexander
Roy L. Web
Mys
Pullman
Gan Mills
Ralston
Bose
Gerber
Ranco
GettyOll
Raytheon
Marin Glan Alden
Rexall
Reyn
Ai HM Sa
RoytCala
Gt West Fink
Wirth
Gremont
Greyhound
Grumnaire
Dite
SiJosLd_ wi Safeway
Cam Guistaut
Gulf
Guipwind
Electra
Ubms
Sears
Amiral
Sinclair
Aathalit&ee
Singarco
Alcanaly
Java
South Co
Alleghn
Altigdeh
Alliedste
Val interteSt
Spartan Indaie
Altis Chaim
Sperryr
Amer
Fidelity Amerada
Amer. Furn
Am Airlin
Sid Kollman
Mort
Colonial Stores
AmetPw
Ils
St Packaging
Ais Atte
Dart Drug
Enka
Enka 15a 26 Sate Ste SY _ Stauth
Sh & Heme
Dewal Co
Jonattan
udeWort
First Union
Harris-Teeter
Jefferson Pilot
Teetronix
Tenneco
Texaco
Lance Amp Inc AO
MayserRe
Carolina
Ampex Corp
Ooh
UU. S
Kerr
Ryan
Ncnb Corp
KimbCik
Textron BO
AOL
N.C. Nat
ArenCar
TimesMir
Piedmont Avia
Arm Ck
Piedmont Nat
Lear Stegler
Transam
Roberts
Enpgem
Richtd
TRW Inc
Wachovia Bank
Atlas
UR Avrat Inc
N.C
Avon Pd
jUg Etec
Neta Lin Broadcasting Ain A jLivingsin
Alba Waldensian
Uninn Pacif
Carolina Caribbean
Beech Air
sGa
ABN
Bradix
Daly Bai
Lair
Benguer Ari
Baty
Boeing
MagdFd
Borden
Magmac
GorgWar
Magnavox
Ama
Brunswick
North Carolina
Fair, Budd Co
Bulova
vagiPw
Burrowgis
Mead Cp
Vivarmer
Dave
Carolinia
Carter
Carette
cadeCke
Cesta
Virginia
Chancel
Citflo
Clark
Saigon
Tran Chanh Thanh
Thanh West
South Vietnam
Georgia
Paris
Comsat
United States
Hanoi
Conwy
National Liberation Front
Defense Department
Iaid
Equntry
Gardners, Webb Heritage Highlight Public Service in Shelby
Memorial notice recalls long career in North Carolina politics and civic work. Mrs. Gardner co chaired Kennedy inaugural events in 1961, active in the National WOMEN's Democratic Club, and served on state party committees. Survivors include two daughters, a son, and two deceased sons. Funeral set for Friday at Shelby First Baptist Church.
MENTIONED IN THIS ARTICLE
John F. Kennedy
National Women's Democratic Club
North Carolina
Democratic Committee
Democratic Executive Committee
James L. Webb
Shelby
Gardner
Webby
Billing Springs College
Gardner-Webb College
Woman's College of the Universe
Carolina
Margaret Love Burgess
Maplewood
Ralph
Former N C Senate President Clarence Stone Dies
Clarence Stone of Stoneville, former North Carolina Senate president, died at 69 after illness including pneumonia. He presided during the stormy session that passed the speaker ban law prohibiting communists or others. He had attended Gov. Bob Scott’s inauguration on Jan 3 and was hospitalized Jan 6.
MENTIONED IN THIS ARTICLE
Chapel Hill
N.C
North Carolina Senate
Clarence Stone
Stoneville
Senate
Stone
Bob Scott
North Carolina Memorial Hospital
North Carolina
House of Representatives
Cloyd. Philnot
General Assembly
U.S. Supreme Court
Round table set for talks on Vietnam peace conference
Delegates from the United States and Vietnam signatories prepare for a joint session in Paris with a large round table and two side tables. Ambassador Cyrus Vance will represent the United States, and Vietnam’s Nguyen Phong and Nguyen Thi Binh will be among the South and North Viet Namese delegates. The talks, aimed at peace terms, will include press access later in the conference and a speaking order designed to balance the two sides. The debate over table shape and speaking order followed days of wrangling, with Harriman planning to depart after the initial sessions.
MENTIONED IN THIS ARTICLE
Cyrus R. Vance
United States
Col
Ha van Lau
Nguyen Phong
Nguyen Thi Binh
NLF
Vance
Lau
Johnsort
North Vietnam
Stone
Hanoi
Senate
United
Saigon
Tration
South Vietnam
U.S
Paris
William J. Jorden
Harriman
Jorden
Vietnam
Bank total resources rise to forty one million four hundred fifty one thousand
The bank reported total resources of 41 451 125 92 dollars, an increase from 36 811 313 99 dollars the previous year. The figures show stronger asset growth and improved financial footing for the bank year over year.
Council Prefers Local Option Tax Over Statewide Increase
City Council signals preference for a local option sales tax rise over a statewide plan. The mayor said the Guilford County group favors local option funds, arguing better revenue for cities. A related zoning and infrastructure agenda includes pipe installation policy changes, turn-lane road work, and appointments to city commissions.
MENTIONED IN THIS ARTICLE
Braxton Younts Enterprise
Robert Davis Tok
N. C. League of Municipalities
General Assembly
Guilford County
Davis
Charles Simmons
W. Green Drive
Simmons
Sumner
Mickey
R. G
Peewee) Garland
Boxing and Wrestling Commission
Garland
Bill Cain
Board of Adjustment
F. C. Morehead
Thompson-Arthur Co
Also Mentioned on This Page
Business and Financial News Stock Market Report
By Jack Lefler
Aise
Mrs. Gardner
N.C. Senate
T Stone
Charles
Bunye
Ney
NEW York — Exchange
S. Viets
Council
Shadybrook Road
Westchester Drive
Burton Avenue
Harold Dixon
Dixon's Auto
N. Main
N. Main Lewis
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