Market rally continues as NY banks cut prime rate
The Dow rose 7.75 to 853.10 as First National City Bank cut its prime rate by a quarter point to 22.5 percent. NL Industries led volume gains, rising 7 to 14 in a 200,000 share block, while Procter & Gamble and Xerox hit 1974 highs on the Big Board.
MENTIONED IN THIS ARTICLE
New York
First National City Bank
New York Stock Exchange
First National City
NL Industries
American Stock Exchange
Procter & Gamble
Xerox
New York Stock Averages Mixed on Broad Market Moves
The New York market closed mixed as investors weighed mixed earnings and economic signals. Large caps such as McDonalds and PepsiCo posted notable activity while pressure remained on some industrials and tech names amid shifting interest rates.
New York Exchange Quiet as Shares Shuffle in Broad Mix
A chaotic trading session on the New York Stock Exchange shows mixed moves across dozens of listed companies. Highs and lows flicker as investors weigh energy firms, banks, and industrials, with notable activity in Aetna, American Airlines, IBM, and US Steel amid shifting volumes and modest gains.
MENTIONED IN THIS ARTICLE
Lexchange
New York
New York SI Exchange
Alco
Arizona
Alcanal
AligLudi
AilisChal
Alcoala
Poncary
Dixilyncor
BR Bet Hs US Steel
Zalella
ArchOan
FedResrees
Narian
VaePwii
Wachova
Warnt
Ashdonl
Nhae
Nterlaker
Sabcaw
Bauscht
Leah
MekCorp
Wunioni
Ye KanebSv
Dodanet Bengia
Bebe A Whittaker
Laat Lalay Radio
WmsCos
Boeing
Loymig
LaMaur
WinhDx
Boiecas
Brisiaal
Burrows
LearSieg
CadiWait
Cbsia
Ine Gerrocpl
Cessna
ChrisCraft
Chrysirl Ao
Transporta
Utility
Comsalso Ff
Stock Index Notes From New York Market Report
Unclear noon NYSE index data shows mixed figures for several issues including MeroxCo, ZaleCorp, MichSu, ZenithRt, and MilgaElect. The table lists rates, dividends, and special notes with numerous footnotes clarifying terms such as stock dividends, ex-dividends, and next day delivery.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Marshalind
Medenco
ZenithRt
Associated Press
NorCan
Oxarkadie
Pormaner
Resorg
Uy Stathamins
Syntex
Texasinica
Ehrlichman testifies as defense battles over subpoenaed White House notes
Former domestic adviser Ehrlichman takes the stand in a civil rights conspiracy case tied to Dr. Lewis Fielding and Daniel Ellsberg. The judge grapples with access to handwritten notes and FBI docs amid President Nixon's assertion of final authority, while prosecutors say the subpoena is unclear and prepare other routes to secure materials.
MENTIONED IN THIS ARTICLE
Ehrlichman
Nixon
Lewis Fielding
Beverly Hills
Pentagon
Daniel Ellsberg
White House
Gesell
Socialite Abductors Pay Off as She Is Released
Socialite Mrs. Jack M. Friedland, 43, was released unharmed four hours after kidnapping. Bail set at $1 million for Frank Wyatt Jr., 18, charged with kidnapping and extortion. FBI recovered $60,000 in ransom. two accomplices sought, no interstate transport cited. The Friedlands are prominent Philadelphia figures living on the Main Line.
MENTIONED IN THIS ARTICLE
James M. Donna
Associated Press
Philadelphia
FBI
Jack M. Friedland
Friedland
Food Fair
Frank Wyatt Jr
Wyatt
Richard E. Kent
John J. Poserina
Philadelphia Asst. di
Gladwyne
Friedlands
Duke Power rate hike plan survives motion hearings
North Carolina Utilities Commission unanimously rejected Duke University and industry groups requests to dismiss two proposed rate designs tied to a 16.8 percent Duke Power increase. Duke argued late notice, but the commission will review staff proposals starting the week of June 24.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina Utilities Commission
Duke Power Co
Duke University
University
R. J. Reynalds Tobacco Co
Winston-Salem
Great Lakes Carbon Co
Morganton
Duke
Ruth Greenspan Bell
Utilities Commission
Marvin Wooten
Robert Byrd
Great Lakes
Fin
Byrd
Wooten
Bell
Beverly Lake Jr
Irvin Brown
Winston Salem
Ford Urges Lawyers To Exercise Concern
Vice President Gerald R Ford urged Georgia lawyers to safeguard the profession’s health amid Watergate era cynicism. He tied public criticism of government to the legal field and stressed moral discipline, privacy safeguards, and possible laws to curb snooping in a future two way cable system. Ford planned further stops in North Carolina.
MENTIONED IN THIS ARTICLE
Jim Adams
Associated Press
Savannah, Ga
Gerald R. Ford
Georgia
Ford
Georgia State Bar Association
Committee On Privacy
Fednet
Congress
South
Grand jury action documented criminal activity in Watergate tapes
Nixon and Bickel frame grand jury actions as proof of criminal activity and a need to produce tapes despite executive privilege. Jaworski notes public knowledge could be limited if filed sealed. Rodine warns impeachment debate will regard the grand jury finding seriously while St Clair recalls many grand jury charges end in innocence. Ford doubts the grand jury has heard all evidence.
MENTIONED IN THIS ARTICLE
Kurland
NBC News
Grand Jury
Alexander M. Bickel
Jaworski
U.S. Court of Appeals
Committee
Nags Head weighs lifeguard plan as currents danger rises
Coastal weather warnings issued Thursday as currents drew few swimmers. Town officials note many visitors lack ocean experience and warn hotel managers to inform guests. Local authorities discuss adding lifeguards and a warning system. Five lifeguard stations operate this summer while two drowning victims remain missing as currents push north.
MENTIONED IN THIS ARTICLE
Statio
Tillett
Routten
Herbert E. Dugroo
Nags Head
Virginia Beach
North Outer Banks
Bugroo
Morality in Nation Defended at Raleigh Graduation
Vice President Gerald Ford urged Ravenscroft School seniors not to heed doom prophets and said the flame of decency still burns in America. He praised the Nixon era for foreign policy and returning power and money to state and local governments.
MENTIONED IN THIS ARTICLE
North Carolina
Ravenscroft
N.C
Raleigh
Raleigh, N.C
Gerald Ford
Ford
Ravenscroft School
America
Nixon’ Administration
Impeachment inquiry widens over wiretaps and break in
The committee grills evidence linked to J Edgar Hoover opposition to the plan drafted by Tom Charles Huston. Nixon says he withdrew approval on July 28, 1970. The panel weighs national security justifications for 17 wiretaps and notes possible political use of information by Haldeman. The next session will review the Ellsberg psychiatrist office break in and decide on witnesses and impeachment articles.
MENTIONED IN THIS ARTICLE
FBI
J. Edgar Hoover
Tom Charles Huston
Nixon
Peter W. Rodino Jr
D-N.j
Robert F. Drinan
Dmass
White House
H. R. Haldeman
Drinan
Republican Committee
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Stock Market Report
PaciTl
PanAmAir
Pascoine
Prayigt
Dei Mat Ag
McDonalds
Pullma Sd
ETN Benavsos
Medon
Omab
Merck Lad
Rapigaml
Va Rayinen
Tom
Mobil
Monsanz
Wee Wali
Hk Belamel
Sonres
Nortoni
NorSim
Bath
LuckSir
Pepsico
Nia
Auda ConiTelo
Ik Lvocorp
Ceopindl
Philael
Phil Mon
PitneyBate
East Alrcin
MorNor
Veib Eeskodl
Moporela
IBA
Easonie
stFusl&u2
Nabisco
Yale
TAYA
Avtec Ee
Pune
NtSteeizs
Dave
Rees
Suealdode
Smermins
Sar Firestone
SonyCp
Isis
Scriegiae
Va GnFood
Ovat
Okla
Ve Stover JP Wi
GenMills
Sda Gmark
Ye Syworks
Gamotd
Heledyn
Pacwetri
Pacpwla
GlobalMar
Bhat
Hecla M
Hercules
Jsh
UnoCall
RMR LD
Auitesgou
Apaccp
Rou. Ca
St. Clair
William S. Frates
Eruchman
Frates
William 58. Merrill
Plumbers
High Point Enterprise
High Point Enterprise, Inc
Church Avenue
High Point
Tyr
Mo. J
Word-Griffith Company
National Advertising Representatives
Dow-Jones
Johndivsy
SUN
A.P. Stock
Vencorp
Wilshro
Lde
Zimham
Sn Rail
UNI
Ut. Ram
High
Kent
Peter W. Rodine Jr
Judiciary Committee
Lie
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