Market Decline Follows Bank Rate Hopes
The New York stock market fell sharply as speculation swirled that New York's First National City Bank would raise its prime rate from 6% to 7% this week. The Dow dropped 10.40 to 867.02 at noon, with no advance to many leaders. Asarco led declines on the Big Board, down 4.5 points, and the American Stock Exchange index slid 0.69 to 92.55 as investors weighed higher borrowing costs and safer bonds against equities.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
First National City Bank
Asarco
American Stock Exchange
International Flavors & Fragrances
Signalco
Wwe
SingerCo
AvcoCorp
Asa Sa Va
SidBrands
Gillette
StuWorl
BethStiza Bengtb
Bom GiobalMar
BucyEriel
Va Grumm
Texetr
BuddCo
Gulfoil
Bulovaw
Va Textroni
Thiokol
Ye Burrghs
ThriftOg
Cadenceind
Ye Harris
Trans Wair ToddShipyd
Heubini
Sa— Hewrick
Cartwall
Hn Hoernw
CastiCk
Idahop
ChrisCraft
Chrysler
UniTel
CoigPal
Comsat
Jewelc
Va Wachova
JhnManl
Byu— Va Warnerl
AirLin
JonnJjn
Warneers ConCanl
Kangell
Whittaker
Ray Tagg
WilmsCo
Va Kraffcol
ZaleCorp
Kresger
Va Zenith Rad
Va Krogerl
Associated Press
Delta Air
Dennys
Ny— Va Libbmcnl
Bbia
Dresser
duPont
Vx Easkdl
LaPacif
Idla
Eaton
LTV Corp
Echlin
LuckStr
Va ElPasol
Bi— Fairind
Marcor
FeddersCp
MartMal
McDonalds
MeadCpl
Formck
Mately
MtStTell
Clude
N — Commission
Nabisco
Aig Asias NatAir
Aerotron Inc
NatCan
American Furniture
Atlantic Pepsi
Branch Corp
Capri Inc
Cannon Mills
Newmt
Ye Carmine Foods
Carolina Cas
Ins
NL India
Car. P&l
Wat Charter Bancshes Com
NwstAirl
Va Chatham Mfg
NwtfBncl
Norton 1
Coca-Cola Co Consi
C&s Corp
S.C
Ee Fidelity Corp
Aegis Corp
Alva Aieala
FNB
Catawba
Asamera
Banstrcti Lt
PacGas
We Ants Farmers New World
Paccigi
Ye First Union Cor
Barnes Eng
PacPetrl
Forsyth Bank & Trust
Brasen Alb
BradRagan
PacPwl
Franklin Lite
Pact
Ya Genl
Financial Ja Brewer
PanAmair
Ag Guardian Corp
Aa Buttes GO
Harrelson Rubber Co
Hellig Meyers
ChampHom
PennCent
Henredon Furn
Cinerama Genie
PennDix
Hickor Furn
Penney
Inserment Life & Trust
Pfizer
Lance, Inc
Wave Essex Ch
Diva Va
Va Lane Co. Falcons
Philae
Va Leggett & Platt
Bio FedResrees
Bu— Hs Lowe's Co
Mack’s
Mom & Pop's
I GoldfieldCp
Va Multimedia
CNB Cor Ave
HoustOil
Uae
NoWestn
Utsaq
Occidental Life Ins
Milfel Corp
Kaisrind
Aom
Piedmont Aviation
KanebSv
Sym Ve Questor
Piedmont
Kin ArkCrp
Bk Rocky Mt
Reid-Provident Labs
Mfg Uw
MichSugla
Rex Plastics
MilgoElect
Salem Car Newldriam
NewparkRs
Big Boy NorCdnOils
ReynMetia
Corp Pan Ocean
Ieee
Ofp
PhoenixSt
Spartan Food Systems
RathPeck
Tasan Symercon Corp
Resrisintia
Bam Va Telerent Leas Ng
Ryan Ho
Ve Textile Inc
Sambos
Thaihimer Gros
SheltRes
Transco Cos
Syntex
SandrsAsso
United Guaranty Peon
Scott Pa
B.B. Wether Shoes
Dividend Footnotes and Terminology in American Exchange Tables
Unofficial sales figures and dividend rates are shown as annual disbursements based on the latest quarterly or semiannual declaration unless noted. Footnotes define terms such as extra dividends, stock dividends, liquidating payments, and ex-dividend or rights indicators including symbols like x, ex-distribution, xr, ex rights, ww with warrants, and nd next day delivery statuses.
New York Stock Exchange Index Snapshot
AP reports noon stock index data from the New York Stock Exchange with figures for Industrial, Transportation, Utility and Finance sectors. A volatile session shows mixed gains and losses as markets respond to economic cues.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
High Point Enterprise subscription rates and notices
High Point Enterprise lists its subscription prices for daily and Sunday combined plans including 6 month 3 month and yearly options. The notice also reiterates Associated Press rights and distribution details and advises readers to contact local carriers for rate changes.
MENTIONED IN THIS ARTICLE
High Point Enterprise
Church
High Point
N.C
Associated
Adance
Ee Associated Press
AP News
Ecaese, Inc
HmEer
Fecal Carr
Gas Up To 60 Cents Charlotte Gas Prices Climb
Gasoline rose across major oil stations with price increases up to three cents per gallon. Shell Amoco Phillips and Arco boosted by three cents, Mobil 2.5, Arco two, Texaco 1.4, effective Tuesday or today. Independent stations followed as federal officials forecast more increases this summer.
MENTIONED IN THIS ARTICLE
Charlotte
N. C
Federal Energy
Shell Oil
Standard Oil of Indiana
Amoco
Phillips Petroleum Co
Clark Oil and Refining Corp
Ashland Petroleum Co
Mobil Oil Corp
Atlantic Richfield Co
Arco
Texaco Inc
Shell
Texaco
Leighton Moore
Ralph Hood
Siege Ends as San Antonio Man Dies After Shootout
In a northeast San Antonio residential area police used tear gas and an armored car to end a gun battle with Robert L. Keck after Officer James Anderson was shot. Keck died from a self-inflicted gunshot while exchanging fire. authorities said the motive remains undetermined.
MENTIONED IN THIS ARTICLE
San Antonio
Tex
Robert L. Keck
James Anderson
Keck
Anderson
Tommy
Henry Anton
Government Keeps Gold Price Low Through Auction
The Treasury announced a gold auction price of 165.05 per ounce, aiming to curb speculation and keep world prices below 190 level. Foreign buyers secured 308,250 ounces, but officials expect most stockpiled gold to remain in the United States. President officials: Treasury Secretary William E. Simon said more sales will occur as conditions warrant. Major bids came from Swiss Bank Corp Zurich Republic National Bank of New York and M Rothschild & Sons London.
MENTIONED IN THIS ARTICLE
Washington
U.S
Treasury Department
Treasury
William E. Simon
Swiss Bank Corp
Zurich
Republic ‘National Bank. of
New York
M. Rothschild & Sons of
London
New York City Strikes Paralyze City Services And Sanitation
A wildcat walkout by New York City sanitation workers and threats of broader action by police and firefighters cripples city operations. In Pennsylvania, 50 000 to 80 000 state workers are out, with offices in Philadelphia Harrisburg Erie and Pittsburgh understaffed.
MENTIONED IN THIS ARTICLE
New York City
Pennsylvania
Albany
New York
Abraham D. Beame
Uniformed Sanitationmen’s Association
John J. DeLury
Ernest P. Kline
Philadelphia
Harrisburg
Erie
Pittsburgh
Postponement sought for joint U S Soviet space mission
Sen William Proxmire urged delaying the joint U S Soviet space mission until two orbiting Russian cosmonauts return to Earth. He cited CIA testimony declassified for the July 15 launch, quoting Carl Duckett warning Soviets may be unable to handle two missions from the command point of view. Proxmire has long opposed the mission on safety-related grounds.
MENTIONED IN THIS ARTICLE
Washington
William Proxmire
Proxmire
Senate’ Appropriations
National Aeronauics and Space Administration
CIA
Wisconsin Democrat
Carl Duckett
Duckett
Gurney ignored warnings about fund-raiser Williams
Former Senator Edward Gurney testified he ignored repeated warnings from attorney Edward Kohrs about Larry Williams and illicit fundraising for his campaign. Williams collected nearly $400,000 from builders for FHA influence, as Gurney faced bribery and conspiracy charges in a $233,000 slush fund case.
MENTIONED IN THIS ARTICLE
Pat Leisner
Associated Press
Tampa
Fla
Edward Gurney
Larry Williams
Gurney
Edward Kohrs
Williams
Senate Watergate Committee
Joseph Bastien
K. Wayne Swiger
Ralph Koontz
Federal Housing Administration
Grand Jury. Co
Kohrs
Widow Sues Eastern Airlines Over Kennedy Crash
A New Orleans widow and her two children filed a $2 million damage suit in U.S. District Court Tuesday against Eastern Airlines, accusing negligence in the JFK Kennedy Airport crash that killed physician William D. Norman and 111 others last week. They also named the federal government and Port Authority in related claims, seeking action by air traffic control and airport operators as necessary for flight safety.
MENTIONED IN THIS ARTICLE
NEW York
New Orleans
Eastern Airlines
William D. Norman
U.S. District Court
Eastern
Stuard M. Speiser
Port of New York-New Jersey Authority
Port Authority
Kennedy
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Wa Ashlill
Dow-Jones
NEW York —Stock Index
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Press
Ind. Ralls
Uul
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Platt
Oilgram
Exxon
Sam Patillo
Ron Helms
W. K. Loren
DeLury
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Uniformed Firefighters Association
Patrolmen’s Benevolent