Wall Street mixed as traders weigh consolidation pressure
Market activity remained cautious with the Dow Jones Industrial Average down 0.89 at noon to 721.18 as declines outpaced advances about 5 to 4 on the NYSE. Penn Central gained while Holdman and Goodyear saw notable movements amid record cross trades.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Penn Central
Penn Central Railroad Co
Handleman Co
Goodyear Tire & Rubber
Salomon Brothers & Hutzler
Associated Press
New York Stock Index Snapshot at Noon
The noon report shows a mixed market with indices drifting. Industrial down 0.09, Transportation off 0.07, Utility down 0.11, Finance slipping 0.04, while the broader market benchmark stands near 41.70.
MENTIONED IN THIS ARTICLE
New York
American Exchange Sets Noon Prices in New York
The American Stock Exchange released noon prices from its markets in New York. Traders monitored shifts in listed securities as the exchange updated figures for the trading day.
MENTIONED IN THIS ARTICLE
NEW York
American Stock Exchange
Randolph Budget Approval Expected for 1970 71 County Funds
Asheboro Randolph County commissioners plan to formalize a 1970 71 budget near 7 million dollars. The plan shows requests totaling about 900 thousand dollars above last year while keeping the tax rate at 1.10 per hundred valuation due to a 25 million dollar rise in property values. The budget has been open for public inspection for 20 days ahead of final action.
MENTIONED IN THIS ARTICLE
Asheboro
Randolph County
New Watermelon Queen Crowned in Raleigh Pageant
Cheryl Johnson, 18, of Long Beach, crowned in Raleigh for the 14th annual North Carolina Watermelon Festival. She succeeds Beverley Ann Johnson of Wadesboro as the festival opens at the Raleigh farmers market.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
Cheryl Johnson
Long Beach
Farmers Market
Beverley Ann Johnson
Wadesboro
Doctors Warn Iron Levels Rise In Bread Enrichment
Dr. William H. Crosby and colleagues challenge FDA iron limits in enriched bread and flour. They warn excess iron concentrates in the liver risking glandular failure, disputing proposed daily intakes of 30 milligrams as safe. Crosby and Krikker and Stohman contest the 30 mg figure.
MENTIONED IN THIS ARTICLE
Uies
William H. Crosby
New England Medical Center
FDA
American Medical Association
Crosby
Margaret Ann Krikker
Albany, N.Y
Frederick Stohman Jr
St. Elizabeth Hospital
Boston
First Union declares quarterly dividend on common stock
First Union National Bank Corp board declares a 0.30 per share quarterly dividend payable September 14 to holders of record August 14.
Alderman Studios to Exhibit Education Tools in NYC Expo
Alderman Studios is among about 150 firms showcasing new education and training techniques at the Management Association expo in New York City scheduled August 4 to 6. Displays will cover computers film strips language labs programmed courses and more including closed circuit and instant replay television.
MENTIONED IN THIS ARTICLE
Alderman Studios
Pereordered Management Assn
New York City
NCNB Names Harvey For Monroe Facility Leadership
Robert L. Harvey will lead a new NCNB facility in Monroe as vice president and commercial loan and marketing officer for four NCNB offices in the Charlotte area. He previously served as assistant manager of NCNB's consumer credit department from 1961 to 1966 and is a graduate of Jamesoe High School and Western Carolina College.
MENTIONED IN THIS ARTICLE
Robert L. Harvey
NCNB
Charlotte
High Point
Monroe
Harvey
Consumer Credit
Jamesaoe High School
Western Carolina College
Wachovia Directors Declare Dividend. Mueller Elected VP
Wachovia Corporation directors meet in Winston Salem and declare a 30 cent per share quarterly dividend on common stock payable Sept 1 to holders of record Aug 3. The pro rata 36 2 3 cent per share on Convertible Preferred stock covers July 1 to Aug 31 and pays Sept 1 to recorders Aug 30. Adolph Mueller II is elected senior vice president for corporate development and finance.
MENTIONED IN THIS ARTICLE
Wachovia Corporation
Winston-Salem
Adolph Mueller II
Burlington Industries Reports Quarterly And Nine Month Earnings
Burlington Industries Inc reports June quarter consolidated net sales of 446.305 million with net earnings of 17.789 million or 63 cents per share. Nine months net sales total 1.3533 billion with earnings 55.44 million or 2.12 per share. Board declares 35 cent quarterly dividend payable Sept 1 to record holders July 31.
MENTIONED IN THIS ARTICLE
New York
Burlington Industries, Inc
New Vantage Cigarette Debuts in Three Markets
R J Reynolds Industries announced a new low tar and nicotine cigarette named Vantage. Sales will begin next week in New York City Portland Oregon and Syracuse New York according to the company.
MENTIONED IN THIS ARTICLE
New York
R. J Reynolds Industries
Vantage
New York City
Portland
Ore
Syracuse
N. Y
FBI probes clash with MacDonald lawyers at Fort Bragg
The FBI investigates whether a fight involving civil lawyers Bernard Segal and Dennis Eisman occurred after Army investigators seized hair samples from Capt. Jeffrey R. MacDonald. Witnesses described MPs forcing reporters and the lawyers from a civilian car, with Eisman injured and wearing a neck brace.
MENTIONED IN THIS ARTICLE
FT. Bragg
N.C
Federal Bureau of Investigation
Jeffrey R. MacDonald
Charlotte
FBI
MacDonald
Bernard L. Segal
Dennis Eisman
Philadelphia
Eisman
Army
Criminal Investigation Division
CID
Segal
Fayetteville
Eisman and Segal
Robert Caverly
Womack Army Hospital
Inflation progress cited as evidence of orthodox policy
Officials say the Nixon administration’s policies are slowing inflation. Labor Dept data show June price increases at four tenths of one percent, an annual 4.8 percent, down from 6.1 percent in 1969. Hodgson Kennedy and Nixon urge patience as unemployment stays manageable. House actions push for wage and price controls, with Patman’s committee granting standby authority Nixon dislikes.
MENTIONED IN THIS ARTICLE
Labor Department
Labor
James D. Hodgson
Treasury
David M. Kennedy
Congress
Kennedy
Joint Economic Committee
Hodgson
Joint Committee
Nixon
House Appropriations Committee
George H. Mahon
Texas
House Banking Committee
Wright Patman
Missing Charlottesville Teen Sought After Rock Festival Visit
Charlottesville police issued a 28 state alert for Karen Lou Gleason a 15 year old girl who left home Friday night to attend a rock festival in Love Valley North Carolina. She is described as about 5 feet tall 100 pounds with a scar on her right elbow wearing a striped blouse blue dungarees and blue tennis shoes.
MENTIONED IN THIS ARTICLE
Charlottesville
Love Valley
N.C
Miss Gleason
Two Tar Heels Killed In War
Washington AP reports two North Carolinians killed in action in Southeast Asia. Army Sgt. William E. Jones of Fort Bragg and Marine 2nd Lt. David M. Tesh of Jacksonville are named among the fallen.
MENTIONED IN THIS ARTICLE
Washington
North Carolina
Southeast Asia
Army
William E. Jones
Ft. Bragg
David M. Tesh
Jacksonville
Dynamite Linked To Cycle Gang Faces Senate Probe
The Chosen Few motorcycle gang based in Youngstown Ohio and Buffalo New York is linked to seizure of thousands of sticks of dynamite and blasting caps. Investigators testified the group supplied 1100 pounds of dynamite at about 50 dollars per two pound stick while undercover agents warned of plans to blow up large parts of Chicago. Illinois Crime Investigating Commission chair Charles Siragusa said two of three men arrested last October were gang members. Secretary of the Interior Walter Hickel announced a federal bill to license explosives dealers and buyers, require safe storage, and impose 10 year maximums and 10000 dollar fines for criminal use and trafficking.
MENTIONED IN THIS ARTICLE
Washington
Hubbard
Ohio
Buffalo
N.Y
Chicago
Illinois
Charles Siragusa
Illinois Crime Investigating Commission
Senate
Siragusa
Youngstown
Interior
Walter Hickel
Judge names Penn Central trustees for reorganization
A federal judge appointed four trustees to manage Penn Central during bankruptcy. Wirtz Baker Langdon and Bond were chosen from 75 candidates and must gain ICC approval. The panel aims to restore a sound, profitable operation over a possible decade long reorganizing process.
MENTIONED IN THIS ARTICLE
Philadelphia
Penn Central Railroad
W. Williard Wirtz
U.s.district Court
John P. Fullam
George Pierce Baker
Harvard Law School
Jervis Langdon Jr
Chicago, Rock Island & Pacific Railroad
Interstate Commerce Commission
Fullam
Penn Central
ICC
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Wang Laboratories
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Wee Ches Ohio
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Y St
ChrisCft
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Chrysler
LVO Corp
LykeYng
Macke Co
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Va Merck
MGM
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Alles Nongas
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NortSim
Ve Evans P
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Fair Hill
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Fanstee! Inc
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ForMcKs
ParkeDay
FreeotSul
Penn Cent
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NEW York (Ap
New York Stock
GAC Cp
PennzUn
Se Exchange
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Perfect Film
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Che
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Philip Morr
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AiamAlu
Gerber
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AlliedCh
Wile Puebicint
Hee A AlliedStr
Global Marin
Ugs PL
Allis Chaim
Goodrich
Alcoa
AMBAC
Me Goodyear
Hess
Ie. Am Airtin
Graceco
Ralston P
lGranitec
elGrantw
ValGt A&p
Acrysug
GtWnUnit
A Rohr Co
AmCyan
Ameipw
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Enkala
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RoyDut
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lGuyif
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Sdrewey
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Callie StroeMin
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At&t
v\Herc Inc &e
T&t
E Amf Inc
HoernWal
Schering
AMP Inc
Homestie
ArmcoSt
Moustlp
Shell Oil
Va Armour
Howmet
ArmsiCk Bu
Shell Treecx
We Atlas Corp
INA Cp
Soucale
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ingerRand
South Co
Ve Avnet Inc
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Pe DB
IBM
Southrn Ry
Sperryr
Beckman
Jones Co
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Boeing Co
John Jehan
L StauffCh
BoisCas
Jon Logan
Kaiser al
Ve Swift Co
BucyEr
Ken GE
KanPwl
Donnwillie
KayserRo
Tampa
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Wile + S
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Kerr Mc
Teledyn
Tenneco
Textron
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Dow-Jones
Ts St Seh
Eereteererar Oe
NEW York Stock Index
Eid
Sal
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Osee
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Atten Wachovia
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Wat
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Vaomerox Cp
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Asamera
AtlasCorport A
Dixityn Corp
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Lee
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Statham
Syntex
Ve Technico
Associated Gpress
NEW York -Exchange
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First Union
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John M. Pearce
Karen Lou Gleason
Louis Gleason
Tar Heels
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Wirtz
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Lyndon B. Johnson
EDP Technology Corp
Baker
Civil Aeronautics Board
Pennsylvania
Harvard
Langdon
Baltimore & Ohio
Chicago, Rock Island & Pacific
Bond
Philadelphia Chamber of Commerce
Ralph Nader
Consumer Advocate
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