Stocks Rally After Bank Rate Cut In New York
The market began a rally after a major New York City bank cut its base rate. Bond values rose on a British rate cut to 6 percent from 7 percent, while the Chasettan Bank lowered its prime rate to 5 percent from 6 percent effective tomorrow. The AP average dipped earlier but turned higher, with several leading stocks advancing as trading stayed heavy.
MENTIONED IN THIS ARTICLE
New York
New York City
Chasettan Bank
Associated Press
Over-The-Counter Quotations reflect NASD inter-dealer prices
Inter-dealer quotations as of about 10:30 a.m. today show NASD quoted prices. Markets move through the day and prices exclude retail markups, markdowns or commissions.
EAC Report Shows Decline In Net Sales And Earnings
The report states net sales for the first quarter at 1,482,766 with 1,752,991 in the prior year period. Earnings taxes totaled 61,967 or 12.2 cents per share, down from 96,530 or 18.9 cents per share. The CEO cites reduced staffing capacity and loss of sales to government as major factors.
MENTIONED IN THIS ARTICLE
Sinder
Weather Forecast North and South Carolina
North Carolina shows variable cloudiness with showers mainly over the mountains tonight and Friday. Unseasonably mild tonight with lows 48 to 58, turning colder Friday west, highs 50s inland to 70s coast. South Carolina remains unseasonably mild with lows in the 50s and highs Friday around 60 inland to mid 70s along the coast.
MENTIONED IN THIS ARTICLE
North Carolina
South Carolina
Greensboro Soldier Killed in Vietnam Action
The Defense Department announced that Army 2nd Lt. Billy W. Flynn was killed in action in Vietnam. He was the son of Mr and Mrs Sankey F Flynn of 1510 19th Street North Greensboro North Carolina.
MENTIONED IN THIS ARTICLE
Washington
Defense Department
Army
Billy W. Flynn
Sankey F. Flynn
Gro
N.C
Vietnam
North Carolina Nonfarm Employment Hits All Time High
Seasonal gains of more than 15 000 in trade push North Carolina nonfarm employment to 1 544 200 in December. State Labor Commissioner Frank Crane reports year end totals up 8 400 from November and 62 200 above December 1965. Nonmanufacturing jobs 898 900 lead the rise, with average factory earnings at 1.96 and weekly earnings at 0 75, while the workweek averages 41.2 hours.
MENTIONED IN THIS ARTICLE
North Carolina
State Department of Labor
Frank Crane
Crane
Glacial Surge Seen In North American Icefield
Dr. Walter A. Wood leads a scientific expedition studying the colossal Steele glacier surge described as moving like Manhattan Island down the Hudson. Researchers debate whether the entire ice mass shifts or only the top layer, and seek mechanics behind these surges and their climatic implications.
MENTIONED IN THIS ARTICLE
Wood
North America
Manhattan Island
Hudson River
Burglary Suspect Caught in Photo Sequence at New York Apartment
A man identified as Noel F. Cueves, 26, was arrested on burglary charges after a freelance photographer's sequence shows him entering an apartment on 156 West 15th Street, climbing a fire escape, and leaving the scene. Police confirmed the suspect from the AP Wirephotos provided to the New York Daily News.
MENTIONED IN THIS ARTICLE
Arthur Lewis
W. 15Th Street
New York
New York Daily News
Noel F. Cueves
Soviet President Podgorny Visits Turin Amid Bombings in Italy
Soviet President Podgorny arrived at the Fiat automotive center in Turin as a wave of bombings hit Communist party headquarters in Milan and Rome. Police tightened security on his tour of Italian industrial cities while authorities blamed anti Communist factions or pro Chinese leftists. No injuries were reported.
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Turin
Italy
Ele V. Podgorny
Communist Party
Podgorny
Oktigang
Milan
Rome
Atlantic Alliance
Fiat Automotive
Soviet Union
Vietnam
Banking law changes proposed in North Carolina
AP dispatch from Raleigh notes proposed banking law changes to modernize state rules as the 1967 General Assembly weighs updates. The package includes allowing banks to lease personal property, purchase accounts receivable, with foreign bank balances, international transfers, debentures, school or savings plans, and employee stock options. The banking commission also moved to reduce costs for Tar Heels in some action.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
General Assembly
Moore
Dan
The
Banking Commission
Mayor and First Lady Dance at Diamond Dinner in Plaza
New York Mayor John V. Lindsay and First Lady Mrs. Lyndon Baines Johnson danced at the Diamond dinner dance in the Plaza Hotel. The benefit event raised over 50 thousand dollars for the Institute of International Education, with many prominent guests and wealth at the scene.
MENTIONED IN THIS ARTICLE
New York
Plaza Hotel
John V. Lindsay
Lyndon Baines Johnson
Winchester Cathedral
Institute of International Education
Amend
Fords
Sters
Edward E
John
Roosevelts
Astors
Vincent
The
Francis
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Stock Market Report
American Exchange
Polaroid
IBM
Xerox
U.S. Smelting
Zenith
Control Data
Raytheon
Jared
Monsen
Jeans
MontDut
MontPow
York (Ap
MontWard
Exchange
Morrell
Motorola
AjaxMag
N— Petro We
ConPow
Nat Airlin
NatDairy
Brazil
Cinerama
Nevada P
CrowCol
Data Cent
Crown Cork
EAC
CrownZe
Equity
Ning MP
Norfik
Curtis Pub
Nor Pac
Nsta Pw
Gulf Am Cp
Hoernerw
Deere
Nwst
Delta Air
Nwban
Kaiser Ind
Norwich
DiamArk
Disney
OhioEdis
NewPark Mn
Te DomeMin
Pancoast Pet
Dow Chem
Doug Airc
Otis Elev
Ou — Ric Group
Draperc
Dressind
Owensilt
Drexel
OIA
duPont
Statham Inst
Sperry R
iSva
Pac Petro
Pact&t
Kodak
Pan Am
Panhc
arkeDavle
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Rexall
Reyn
RoyOut
NEW York (Ap
New York Stock
Ga Pacific Ib
Sanders
Gerber Pd
Scheniey
Getty Oil
Schering
Gillette
Ai Glen Ald
Iscm Co
Scott Paper
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Goodrich Vo
Seab AL
Goodyr
GraceCo
Sears Roe la
Granites
Gta&p
Sharon Sti
Air Reduc
Cred
Sinclair
Smithk
Allied C
AlliedStr
Allis Chai
South Co
Alcoa
Soungas
AmAiriin
Halliburt
Spartan
South Ry
Bosch
Ma — _ Ham Pap
Sperry Rand
Harris Int
Can
Hercine
Hertz
Stollnj
Stan Warn
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Houst LP
Tal Howmet
Sunray
Severn
Swift Co
Ideal
Eledyne Inc
Texaco
Tenneco
el Inc
Texasinst
interikSt
Anken Chem
Th.Furn
Inds
Armour
ArmsCk
Assad
Ashland
Transwair
Tim RB
Atchison
Kennecott
BID Bell How
Ste
Va UnitAire
Bendix
Kerr Mc
Colonial Stores
Kimb Clark
Franklin Life
Borden
Lear Sieg
Gulf Life Ins
Briggss
Ve Jeffer
Stan
Life Wane
Vv Lehman
Lance, Inc
US Steel
Life & Cas. Ins
Wees AM
Sin. Con. B
Univopd
Wet
Ste — Ve Upjohn
Lockhola
Fteee - Mons
VanadCp
Sec. Life & Trust
Lonesga
WarnPic
Henredon Furn
Mack Tr
WashWet
Life Assur. . of
Car. Ne
Ahi
Wemacyrh
WaBanc
CaterTr
WaUnTel
Westge
S M. C. Nat. Gas
Ve Corp
Wilson Co Wi
WinnDix
Woolworth
SIP
McDon Co
Worthing
Va Mead Co
Va Xerox Corp
Um — MerrChapleme
MGM
Baia
Seles
A.P. Stock
Nes Rails
Ind
EAC Report
NEW York — Exchange
NEW York ‘Stock Index
Dow-Jones
Eaae Transportation
Greensboro
Ray Hubbard
Walter A. Wood
Icefields Research Project
American Geographical Society
Esese
Waldorf Towers
Johnson
George A. Braga
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