Market extends gains as Dow tops 904 on solid economic news
The stock market held firm gains in New York trading with the Dow Jones average up to 904.88 at midday, supported by a robust session of volume and a rally on favorable economic data. Major issues on the NYSE showed breadth with advances outpacing declines by more than three to one.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
First National City Bank
Irving Trust Co
Morse Shoe
General Foods
Braniff Airways
Associated Press
New York City
Miami
Boston
U.N. Security Council Meets in Africa at Addis Ababa
Emperor Haile Selassie welcomed the Security Council to Africa and urged action on racism and colonialism as the 15 nations met at Africa Hall for the first time outside New York in nearly 20 years. The agenda focused on Rhodesia, South Africa, South-West Africa, and Portugal’s African colonies with little immediate progress expected.
MENTIONED IN THIS ARTICLE
Addis Ababa
Ethiopia
Haile Semese
U.N. Security Council
Africa
Council
New York
United Nations
South Africa
South-West Africa
Portugal
Africa Hall
U.N. Economic Commission For Africa
Price and wage controls outline across sectors
Public and private sectors face frozen profit margins with relief for some losses while rents and wages operate under detailed, tiered rules. Large firms must pre notify price increases, small firms spot checks, and rents adjust with 2.5 percent after 30 days. Special rules cover utilities doctors hospitals insurance and housing.
New York Stock Index Report
The New York Stock Exchange index data shows noon figures with a 25 cent change and a value around 40340.29 for the Industrial Transportation Utility Finance sectors. No further context or closing totals are provided.
MENTIONED IN THIS ARTICLE
New York
Two Banks Cut Prime Interest to Four Percent
Two major banks in New York announced reductions in their floating base rates to 4 percent effective Monday. Citibank lowered from 4 percent with eighths adjustments, while Irving Trust trimmed from 4 percent by quarters. These base rates drive the interest banks charge to top corporate clients.
MENTIONED IN THIS ARTICLE
New York
First National City Bank
Irving Trust Co
Citibank
Irving's
High Point Enterprise Publisher Information and Rates
An archival page lists the Independent newspaper’s address at 210 Church Avenue High Point North Carolina 27261. It details subscription rates by mail and delivery options including daily Sunday and weekend only terms and notes AP credit for local and national dispatches.
MENTIONED IN THIS ARTICLE
High Point Enterprise, Inc
Church Avenue
High Point
N.C
Associated Press
Ward-Griffith Company
National Advertising Representatives
Tow Sack Full Of Cash Question Hounding Gov Scott
The Raleigh News and Observer reports Governor Bob Scott failed to fully report a tow sack of money given at a 1968 Franklin breakfast. Oscar Ledford said the sack held four thousand plus from 35 to 40 people, while official records show only a $500 Ledford and $100 Harold Eliot. The paper notes conflicting totals and Scott’s nonresponse to requests for comment.
MENTIONED IN THIS ARTICLE
Raleigh
N. C
Raleigh News and Observer
Bob Scott
Franklin
Scott
Oscar J. Ledford
Macon County Board of Commissioners
Ledford
John A. Williams Jr
Harold Eliot
E. J. Whitmire
Whitmire
Tax refunds finish for old local sales tax across NC
North Carolina Revenue Department distributed the final $302 787 of funds from the old local option sales tax to 25 towns and counties. The 1969 law was struck down in 1971 leaving $2.46 million in unspent taxes, with about $1.3 million refunded to citizens and $849 668 dispersed last July 7. Cumberland led refunds at 40559, others included Buncombe Onslow Wayne New Hanover Asheville Lenoir Durham Fayetteville and Wilmington.
MENTIONED IN THIS ARTICLE
Raleigh
North ‘Carolina Revenue Department
General Assembly
State Supreme Court
State Revenue Department
Cumberland County
Buncombe County
Onslow County
Wayne County
New Hanover County
Asheville
Lenoir County
Durham County
Fayetteville
Wilmington
the Revenue Department
Mecklenburg County
Richmond Board Presses Merger Move to Desegregate Schools
The Richmond School Board argues a stay of the merger ordered by US District Judge Robert R. Merhige Jr. would cause irreparable harm to over 100,000 students. The board says delaying desegregation risks continuing segregated schools until at least 1974 while Merhige’s plan calls for integration with an effective date of September 1.
MENTIONED IN THIS ARTICLE
Richmond, Va
Richmond
Richmond School Board
Robert R. Merhige Jr
Chesterfield
Henrico Counties
State Board of Education
Supreme Court
RR Workers To Receive Big Raise
The United Transportation Union and the National Railway Labor Conference announced a contract giving about 42 percent pay raises over three years to 140 000 trainmen. The agreement includes new work rules aimed at speeding service and saving millions, with wage protections from controls and a Pay Board resolution covering from January 1, 1970 to the present.
MENTIONED IN THIS ARTICLE
Washington
United Transportation Union
UTU
National Railway Labor Conference
Pay Board
Two Police Killed In East Village Shootout
In New York City two patrolmen Gregory Foster 22 and Rocco Laurie 25 were fatally shot by three assailants in Manhattan's East Village while on foot patrol with a neighborhood team. The attackers fled, one firing into the air. police seized about 30 men for questioning, no suspects named. Foster and Laurie were Vietnam veterans and Marine buddies.
MENTIONED IN THIS ARTICLE
NEW York
Marine Corps
Vietnam
Robert Daley
Manhattan
East Village
New
Frederick Reddy
New York City
Gregory Foster
Rocco Laurie
Price Chief Eyes Prices Personally
Price Commission Chairman C. Jackson Grayson says he has personally snooped on store shelves without shopkeepers knowing. He sought to learn consumer problems, and found Washington-area stores generally in excellent compliance with Price Commission regulations.
MENTIONED IN THIS ARTICLE
Washington
Price Commission
C. Jackson Grayson
Grayson
Washington-area
The
Consumer Federation of America
Burton Tops Britain's Box Office In 1971
Richard Burton led Britain's 1971 box office, followed by Steve McQueen and Dustin Hoffman, according to the Motion Picture Herald annual survey.
MENTIONED IN THIS ARTICLE
London
Richard Burton
Britain
Steve McQueen
Dustin Hoffman
Motion Picture Herald
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Stock Market Report
Carole Martin
Collins
CBS
Aberdamt
Comsat
Motorola
Connatg
Mtstatt
Alamera Oil
Atlas
Air Lin
Nabisco
Nat Airline
Barnwel Ind
Cont Corp
Certron Cp
Cinerama
Cowles Com
Nat Indust
Cox
Nat Steel
Mia
Win
Dixilyn Corp
CrowCell
CronZell
Beg Desrees
Frontier Air
Dan River
NL Ind
Gen Plygood
Norfolk
Husky Oil
Deere Co
Noammrk
del Monte
Delta Air
Denny
Instrum Sys Iti Corp
Vie ‘A Northrop
DetEdis
Diam Sham
Jameswayv
Dillon Co
Jetronic Ind
Ste
Kaiserin
Disney
Norton
Kin Ark Corp
NortSim
Kinsford Jb
Dr Pepper
Lafay Radio
Ave
OhioEdis
Okia GE
Duke Pw
Okla
Marshal Ind
duPont Sq
Omarkin
MeTrory
Otis Elev
Dynam Am
Owen
East Air Lin
Owen Ili
Milgo Elect
Baskod
Newldria Mn iMay ‘“ Eaton
NewPark Vinn Ve Se Echlin Mt
OKC Corp
Eipasong
PacPetro
Ormand
PacPwl
Dark Airline
Ole Eltraco
Phoenix Stl
Penn Cent
PennDix
Statham Ins
Fansteel Inc
Ala
Pepsico
FedDeptStr
Pfizer
Vsus
Technicolor
Firestone
Phelps
Phila
Philmore
Viewlex
PhillPet
Vikoa Inc
FiaPwlt
Pittneyb
VLN Corp
Polaroid
Bee Westates Pri
Va Fmc Co
Portge
Wilshire
Food Fair Observe
Yates Ind
Paedtoin Vata
Stoc Gac Corp
GAF Corp
Gam Sko
Questor
Iside
Gannett
GenElec
Ralstonp
GenFood
Ranco Inc
Raytheon
GenMills
GenMot
Genesco
GaPacit
Reyn Ind
Akronala
Gerber
AlcanAly
Alleg Cp
Gillette
Grace
Safeway
Alcoa
Grant
Stroem
Griaap
GrummaCo
AcrySug
Gulf
SCM Corp
Givstutil
Scoa Ind
AmEtPw
Scott Pap
GitWrind
Hallibrt
Sears
Am Motors
Harris
Sherw
E Heublein
Signal Co
SingerCo
Elia Am
HoernWal
Smith
Inc
Hoff Electra
Sony Cp
Soungas
Honywil
Southa
Armco Stias
Ideal Bas
Kollsman
Assad
Atlas Corp
Avco Coro
Sina Co
Inger Rand
Jewel Co
Telex Colava Ae
Boeing Co
JonnMan
Tenneco
BoisCas
JohnJon
Borden
Texaco
Lexasinst
KaisAlum
Textron
Bulovaw
Ramo
Kayserr
Timken
Ae Ali
Burl Ind
Kennecott
furiNor
Kerrmcg
Todd Ship
Trans
Kimocik
Knight
TriCon
Ia Koppers
TRW Inc
Kresgess
Idot Caro Plil
Kroger
UAL Inc
Peer
Ee Umc Ind
Cartwal A
LearSieg
UN Carbide
CastieCke
Lenman
Levitz Furn
Cence Ins
Cipbmenl
Air
Vane
Cert
CessnaAir
ChesOnio x
Lockheed Air
Chris Craft
LoneStarin
Chrysir
Lonesga
US Steel
Ye Univ
UnivCptr
LukenSt
Upjohn
Clark
ClevEliil
LVO Corp
Lykes Yngstlus
Varian Assoc
Lee Vela
M—M — Vendo
la Wa
Macke Co
Macy RH
Waeipw
Mad Fd
Magnvox
Marath
WarLam
Marcor
Weyerhs
McDond
McGrwh
Nirl Co
Mead Corp
White Motor
Zale Corp
Zenith
U.N. Council
NEW York Exchange
A.P. Stock
Ind. Rails
Dow-Jones
NEW York Stock Index
High Point Enterprise
Richmond Board Presses Merger
4Th U.S. Circuit Court of Appeals
Christ
the Church
Dr. Prices
Green Street
Baptist Ciuren East Green
Mangum Ave
N.Y
Burton
Joe Adcock, JR
Mgr
Stephenson Finance
Southgate Shopping Center
Eckerds Drugs