Stock Market Dips Amid Uneven Trading As Jobless Rate Drops
The Dow fell 3.65 to 889.38 as trading paused earlier and resumed. Labor data showed unemployment at 5.6 percent in June from 6.2 percent in May, sparking worries on rate hikes and economic recovery. Investors weighed copper and ocean freight strikes and a potential rail or steel walkout amid mixed corporate moves including RCA and steel names.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Labor Department
Federal Reserve
RCA
Ae Division
Bethlehem Steel
Republic Steel
Wemorex Co
Clark
ClevElill
Ta New York
CocaCol
Colg Pal
Collins
Coloinist
WlAmPetrt
Nw Cbs
Montdut
Mont Pw
Atlas
MorNor
Barnwel Ind
Motorola
Brascankt Ib
Saecey
Buttes Gs Oil
Nabisco
Certron Cp
Cinerama
Conti Corp
Nat Can
Natcashr
Dillard
Dixilyn Corp
Cooperin
Essex Hem
Fed
Cox
Nat Steel
Felmont
Gt Basin Pet
Newmont
Ning MP
Moriell
Curt
Ling
Tal Instrum
Norfolk
Corp
Dan River
Norris Ind
Jamesway
Dartind
No Am Phil
Jetronic Ind Yua Ve DaycoCp
Noamrk
Jupiter Cp Oe
Maho Songas
Kaiser
Deere Co
NoStaPw
Kin Ark Corp
Ve del Mate
Kingsford
Delta Air
Northrop
Nwest Airl
Lafay Radio
Denny Ast
Ling Tvgt
DetEdis
Norton
LoewsThe
Diam Sham
Nort Simon Ia
Marshal Ind
Dillon Co
Okla GE
Newidria
Cis NewPark Mn
Olin Corp
Nor Cdn
Duke Pw
Omarkin
Ste
Suctear Am
duPont
Otis Elev
OKC Corp
Ormand Ind RB
Dynam Am
Owen Cog
Ozark Airline
Owen Il
Permaner
East Air Lin
EasKodak
Eg&g
Eipasong
T&t
Pann EP
Wawu
Statham Ins
Penn Cent
Penney JC
Fairch
Fair Ind
PennzUn
Fansteel Inc
Pepsico
Dana
US Home Co
FedDeptstr
Xis
Phelps D
Filtrot
Phila el
Viewlex Firesine
Sis Si
Phil Morr
Vq Vikoa Inc
Fst
Phill Pet
VEN Corp
Flintkote
Pitneyb
Westates Pri
Polaroid
Wilshire
Portgel
Nah
Yates
York
ForMcKs
FreepMin
Paedio
GAC Cp
GAF Corp
Questor
Gannett
Gen Dynam
Ve Ranco Inc
AbbiLb
GenElec
Raytheon
Reich Ch
Arizona
Geneseo
Alieg Cp
Gerber
Gettyo
Rohr Cp
Rovccola
Alfied Ch
Glen Alden
RoyDut
A' AlliedStr
Goodrich
Ryder Sy
AllisCh
Goodyr
eiGrnGiant
SanFeint
Greyhound
ScherPig
SCM Corp Wa
Ulf
Scoa Ind
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Testuril
Scott Paper
Gulf Wn
Sear
MiCix
Halliburt
Sears
Am Motors
Harris Int
Anatgas
Hercules
SingerCo
At&t
Smith
Scar EG
Ampex Corp
Soungas
A Ancorp
Honywil
Southn Pac
Apeco Co
SouthmRy
Atlas Chem
veimeriCp Am
Stirlind
Atlas Corp Na
IBM
Nick
Beckman
Swift Co
BeechAir
Lowe
Lowapsyv
Tampa E
Bendix
Yqtek Corp
Tektronix
BenefiCo
Teledyne
Jewel Co
Telex Co
Beth Su
JohnMan
Tenneco
Jonnioh
Texaco
Boeing Co
BoisCas
Borden i
Va Josens
Texas
Thiokol
Bucy Er
Budd Co
Timken
Ve Bulovan
Vw KayserRo
BuriNor
Atb Koppers
Kraftco
Inc
Cal Finani
Kresgers
UMC Ind
Kroger
UN Carbide
Caro
LearSieg
CartWal
UN PacCp
A CastieCke
Libbofd
Unit Air
UnitCp
Ling Tem Vt
Cerra Cp
Littonind
Lockheed Air
Cessna Air
Loews Corp
Cfi
Lone Starin
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US Steel
Chim Spp
Longisl
Univokip
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Chinneyt
Perl
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Lucky Sirs
Univer Comp
Nie
Chris Craft
LVO Corp
M + Ve Upionn
Chryslr
Lykes Yogst Ab
Varian Assoc
Maeve
Macke Co
Vendo Co
Marath
Martinw
winesCp
Mayostr
Maytag
White Motor
View
McDond
Whittaker
McGrwl
We Williams Co A
Senate Votes Governmental Shakeup
The North Carolina State Senate approved a major government reorganization bill by a 36 to 5 vote after overriding objections. The measure, amended heavily in the Senate, returns to the House for concurrence amid protests over debate limits and calls to reconsider. Lt. Gov. Pat Taylor pledged to hold the bill through Monday night as Sen. Julian Allsbrook sought further amendments and argued it concentrates power in Raleigh.
MENTIONED IN THIS ARTICLE
Raleigh
State
Senate
North Carolina
House
John Burney
New Hanover
Burney
Julian Allsbrook
Halifax
Pat Taylor
Allsbrook
Marshall Plan Aid Is Repaid
West Germany has closed its Marshall Plan books by repaying the final debt installment of 93.15 million dollars. The Economics and Finance Ministry credited the plan with rebuilding the postwar economy and noted the total aid reached about 3 billion dollars through 1951.
MENTIONED IN THIS ARTICLE
Bonn
Germany
West Germany
Washington
Economics and Finance Ministry
Central Bank
New York Stock Index Update At Noon
The noon update from the New York Stock Exchange shows mixed activity across industrials transportation utilities and finance with no clear leader as indexes hold near prior levels amid trading. Investors monitor sectors for direction as market tone remains cautious in late morning sessions.
MENTIONED IN THIS ARTICLE
New York
Te Exchange
Protective Reaction Jets Raid DMZ North Vietnam
U S fighter bombers attacked gun positions in North Vietnam within the DMZ in a protective reaction. One 37 mm anti aircraft gun was destroyed, seven enemy troops were killed, and ten secondary explosions occurred as twelve Air Force Navy and Army aircraft engaged targets with no U S losses.
MENTIONED IN THIS ARTICLE
Saigon
North Vietnam
Demilitarized Zone
U.S
James D'Entremont
South Vietnam
Dong Ha
Dmz
House Approves 3.5 Billion Medical Training Bills
The House passed a 3.5 billion package for medical training with a 343 to 3 vote on a 2.8 billion comprehensive health manpower measure and 323 to 0 on a 710 million nurse education bill. The plan seeks faster physician training, more medical schools, family-doctor training, and capitation grants up to 12 500 per graduate to expand capacity by 1978. It includes 750 million for facilities and 412 million for innovative training projects.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Paul G. Rogers
D-Fla
Public Health Subcommittee
Rogers
House approves North Carolina anti discrimination bill
The North Carolina House passed a bill 99 to 0 prohibiting state and local governments from hiring discrimination based on race or sex. The measure, amended to include local governments, moves to the Senate. The sponsor Joy J. Johnson urged floor action despite committee opposition.
MENTIONED IN THIS ARTICLE
Raleigh
House
North Carolina
Senate
Ernest Messer
Joy J. Johnson
D-Robeson
Johnson
Ernest Hicks
D-Mecklenburg
Hicks
House approves 200 million school bond proposal for voters
North Carolina House passed a bill by 112 to 3 to submit a 200 million state bond issue to voters in the 1972 general election. Funds would be distributed to local schools by a formula tied to average daily attendance and decade growth. Rep Jim Beatty cited broad public school support while Rep Ed McKnight questioned county impacts.
MENTIONED IN THIS ARTICLE
Raleigh
House
Senate
Jim Beatty
D - Mecklenburg
Ed McKnight
Forsyth
Beatty
Noted Statesman Comments on Troop Withdrawal Plans
Albert said he opposes congressional troop withdrawal resolutions while the timing of setting dates shapes his stance. He expects to know if the President’s plan works by the end of proposed periods and would back Congress action if it fails, though he did not specify measures.
MENTIONED IN THIS ARTICLE
U.S
Albert
Congress
First Negro on North Carolina Paroles Board Sworn In
John Baker Jr., 36, former Detroit Lions defensive end, took the oath to join the North Carolina Board of Paroles becoming the first Black member. Gov. Bob Scott appointed him to succeed Fort K. ox of Davidson County. Attendees included Lt. Gov. Taylor and Speaker Godwin. Baker previously worked as an industrial development representative and youth counselor with Raleigh Police, and his father has 30 years on the police force.
MENTIONED IN THIS ARTICLE
Raleigh
John Baker Jr
North Carolina
Scott
Pat ‘Taylor
Phil ‘Godwin
Ray Sowers
George Ransdell
Paroles
Baker
C&d Department
Detroit Lions
N.C. Good Neighbor Council
Department of Correction
Unemployment Rate Drops Sharply Amid Teen Decline
The May to June report shows seasonally adjusted unemployment down six tenths of a percentage point, returning to October levels amid a smaller labor force entry by youths. Teenagers and young adults led the decline, with teen unemployment easing from 7.3% to 5.8%.
MENTIONED IN THIS ARTICLE
Nixon
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Indust
Ieespetsana Asco
George Esper
D‘entremont
Carl C. Craft
High Point Enterprise
High Point Enterprise, Inc
Church Avenue
High Point
N.C
Okly
Ward-Griffith Company
National Advertising Representatives
N.C. Parole Board
Preventor Security Center
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Liberty Loans
West Washington