Market Edges Higher As Banks Cut Prime Rate Spread
The Dow Jones industrial average rose 1.70 to 980.99 as banks including Citibank cut the prime rate spread from 7% to 7%. Trading was listless until late morning. NYSE composite rose 0.04 to 55.06 and volume stayed tight around 4.9 million shares in early trade. National Semiconductor fell 2.44 to 34 amid guidance on semiconductor watch component issues hurting fiscal Q1 earnings.
MENTIONED IN THIS ARTICLE
Chet Carrier
NEW York
Citibank
Chicago
National Semiconductor
NYSE
American Stock Exchange
New York Stock Market Noisy Noon Session Observed
The High Point Enterprise recounts noon stock quotes and market activity in New York led by major firms and industry names. It notes price shifts, ex dividends, and notable changes across key Dow, utilities, and industrials with references to firms like General Electric, IBM, and Coca Cola amidst a broad listing of sectors.
MENTIONED IN THIS ARTICLE
High Point Enterprise Estabisnea
Sethe High Posy Enterprise
Eee
Aesberateo
Wale sPayabie
Saat Tar
Uniroyal
Unico Ui
Java
Bly PurexCe
Boby
Ben
Dave Coortele
UniTel
Bile Upjohn
Ate
Stearn Bork
Raiston
Wachova
Dayco
Revion
Bola Bova
Warnerl
Reynin
WasWat
Deere
ReynMet
Deiman
Bsa
wUnion
Waha
Ryder
Woyernhr
Wheeler
SCMCO
ZaleCorp
ZenithRad
Evans
Simyer Co
Regul- Faircam
Fairind
Divi-Soonsat
Sperry
EsiloBay
SiBrand
Faye
Stevens
Froont
Ea Cividendores
Wi Gamsk
Ganacit
Genel
Genesco Inc
Gerber
Iota Gillette
Goodyr
Tadd Shipyd
Goulding
Grace
Wiwnein
Grumm
American Furniture
Avind
Anantic
Pepsi Bankers Trust of $C
Bassett Furniture
Byah
Xdis
Tekkonx
Teledn
Aerotron
Halivety
York
Coro National
New York
Bata Brenner
Inds Stara Enchangers
Sues Hercules
Holday
Ums
Burrs and Cannon Mills
Carmine Fands
Carolina Cas Ins Sor
PSL
American Cara Wise Fie
Slacxe Exchange
Caro Corp
ArPran
Caro Bank Ancoing
Ras Shi
Inger
Danict Internat
Drala Abe
Quamandhead Corp
Durham Lite
Durham Lite Ins Alirnas
Engraph Inc AmBacst
Oboe Fidelity Cora of
VaamcCan
Fed Rosreos
Catawba Acyan
Forsyth Baki Trust
Ammolers
Franklin Lite
Ins
ANSIR
Ian Thedaj
Na Ie
Pak Sa Investment
AnccoCorp
Kak LatyRag
Lvey
arenDan
Raeal Ioi
Win Dee Loew Thewt
Bia
Dustin Inds
Armco
Rangety
Bitigltio Tae
Kenan
Transpore
Tance, Inc
Asareo
Laant
ANRC
Namuc
Newpark RS
Alias Corp
Lowes Co i
AvcoCorp
Kralieo
Mack's
Mom & Pop
Javons
Bet Resenci
Corp
SS Agusem
Lenpch
TS. Benain
Wy Ata
Bae Virco
Wylelab
Pianiers
Beer
Bown
He Engiski Iss
Boneas
Brad In
CaPact Drs
Borden
Associated Press
Provdent
Lab
Borwar
Flassos Bucats
MadisFo
Ators Carper Bulova GS
Maraving
Snoneys
Buna Rama
Burling Tao
Marta
Sunaca
BuriNa We
Benema Corp
Ms Dna
Eheim
Thain Caroinank
Molyrlig
Ind
Ralis
GO International
Saga
West Kaulting Cord & Corpnse
Ves
Ign
Amfuss
Bonn
Lawee
NevPw
Norris
Toy
NwiBoo
API
NORCH
Neveo
Narcan
NatOir
Transportahan Ain
GwensCng
Ulihty
Owen Tbs
Sita
Satta Finance
Penney
Pepsico
Philo
PruliPel
Over-The-Counter Pricing Report by Prats Quotations
Interdealer prices quoted by the National Association of Securities Dealers reflect approximate yesterday evening levels. The figures include retail markup and markdown adjustments as of the close, indicating market pricing for over the counter trades.
MENTIONED IN THIS ARTICLE
National Association of Securities Dealers
Farareission
Human Cannonball Loses Privacy Suit in Ohio ruling
Hugo Zacchini the human cannonball lost his invasion of privacy suit against Scripps-Howard Broadcasting Co. for airing video of his act at the Geauga County Fair in 1972. The Ohio Supreme Court held the TV station could report matters of public interest in its newscasts.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Hugo Zacchini
Scripps-Howard Broadcasting Co
Ohio Supreme Court
The
Broadcasting Company
Zacchini
Geauga County Fair
Officials Try Again On Swine Flu Vaccine
Washington officials press the insurance industry to back liability coverage for the swine flu vaccination program as Merrell National warns it will halt production without insurer protection. HEW cites urgency while Congress weighs funding and potential federal guarantees amid lawsuits.
MENTIONED IN THIS ARTICLE
John Stowell
Associated Press
Washington (Ap
David Mathews
Merrell National Laboratories
Delano Meriwether
HEW
Congress
Federal Treasury
Tropical Storm Anna Possible in Atlantic System
A weather system of heavy thunderstorms and strong winds in the mid Atlantic Ocean could intensify into the season s first tropical storm named Anna if winds exceed 39 mph. Current reports place winds around 30 mph about 1 200 miles east southeast of Bermuda with satellite trends showing strengthening, but no land threat today. The hurricane season runs June through November.
MENTIONED IN THIS ARTICLE
Miami
mid-Atlantic Ocean
Paul Hebert
National Hurricane Center
Bermuda
Anna
Hebert
Rep Broyhill Sidetracks Egypt Textile Loan
Rep James Broyhill of North Carolina blocked a State Department plan to loan Egypt 96 million dollars to upgrade the world’s largest textile complex. The move aims to protect U S textile jobs but could clash with foreign policy. The loan would push Egypt’s modernization over a quarter billion dollars. the House Appropriations Committee paused it for study.
MENTIONED IN THIS ARTICLE
Washington
API
James Broyhill
Rn.c
State Department
Egypt
United States
World Bank
Broyhill
House Appropriations Committee
Ford Leads Delegates as Ford Gains in Pennsylvania
Ford and Schweiker addressed Pennsylvania delegates on Thursday as three previously uncommitted delegates shifted to Ford. The move costs Reagan Reed support and fails to trigger a stampede in Schweiker's home state. With gains in Pennsylvania, Ford now shifts focus to Mississippi.
MENTIONED IN THIS ARTICLE
Reagan
Reed
Schweiker
Ford
Pennsylvania
Mississippi
Former Rackets Boss Mickey Cohen Dies at 62 in UCLA
Los Angeles obituary notes Mickey Cohen once led West Coast rackets and lived a glamorous life. He died at UCLA Medical Center from stomach cancer after a long hospitalization. He spent time in Alcatraz and Atlanta prisons and faced tax evasion charges.
MENTIONED IN THIS ARTICLE
Los Angeles
API
Mickey Cohen
West Coast
Ucla Medical Center
Cohen
Alcatraz
Auanta
Auunla
Internal Revenue Service
Harris Says Actions Motivated By Love
In Los Angeles a judge and jury near verdict in the Harris Hearst case hear William and Emily Harris ask to be judged on facts not politics. They defend their 1974 SLA ties while facing charges of kidnapping assault and robbery. Mayerson for the prosecution urges full convictions.
MENTIONED IN THIS ARTICLE
Los Angeles
Patricia Hearst
William
Emly Harris
Harris
Alty
Sam Mayerson
Likli Nood
Emly
Emily
Mayerson
Miss Hearst
Water shortage hits Chapel Hill and Carrboro crisis
Chapel Hill and neighboring Carrboro face a joint water system crisis with shortages and sewer troubles. Residents were told to conserve water by skipping car washes and lawn watering. UNC Chapel Hill owns the system and has asked Durham for supplemental water while Chapel Hill bars new sewer connections for 18 days. The overloaded plant has failed to meet water standards since January, risking fines up to $25,000 daily by the EPA.
MENTIONED IN THIS ARTICLE
Chapel Hill
Carrboro
University of North Carolina At
Durham
Environmental Protection Agency
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