Stock Market Slips After Earlier Rally
The Dow Jones average for 30 industrials fell 1.56 percent to 683.46 by noon with declines four to one over advances. The AP 60-stock average dropped 0.6 to 36.9 as sectors across the boards retreated except rubber issues. Major names moved: Burroughs down 4 percent to 108.5, Eastman Kodak 62, Homestake 24, Xerox 75, Boeing 154.5, Goodyear 244 percent gains noted for select issues.
MENTIONED IN THIS ARTICLE
Linda Rubey
NEW York (Ap
Associated Press
Burroughs
Eastman Kodak
Homestake
Xerox
Boeing
Goodyear
American Stock Exchange
Astrodata
Equity
Milgo Electronic
Saxon Industries
Giant Yellowknife Mines
Digital Equipment
South Co
Spartans
Sperry R
StBrands
Cooperin
Mor-Nor
Kolisman
CorGw
Motorola
Stollcal
Cowles Com
Stoilind
Mtstatt
We Gelli
Cork
teriDrug
Natcashr
Stevens
StudeWorth
Sun Oil
Curtiss Wrt
Dart Ind
NatlLead
Nat Steel
Tampa el
iNet
Tektronix
del Mate
Nenge
Newmat
Val Texasul
Diam Sham
Texasinst
Timesmir
Sish SA
Noamrk
Itimken
DomeMin
Todd
Dressind
NoStaPw
DukePw
Transira
duPont
Nwst Airl
Transitron
Norton
Veltricont
Itrw Inc
Bortsim
East Air Lin 265
Iden Easkodak la
OhioEdis
YelyaLinc
Eatonia
Oklage
UMC Ind
Echlin Mfg
Okiangs
Tin Carbide
Eg&g
Ilin Corp
Eipasong
Omark Ind If
Untiical
EltraCp
St Otis Elev
Imer Elec
UnionPact
Jonnsn
Owensig
Niroyal i
Issexint
Owensin
UnitAire
Evans
Pac
Usgypsm
Fair Hill
US Indust
Fansteel Inc
PanaSul
Pactat
PanAm WaAir
Steet
Flitrot
Dentsir
Parke Davis
VeElPw
FMC
FordMot
Pepsico
WarLam
Air Lin
Waunion
E Vw Wu
Philip Morr
Phill Pet
Westge
GAC Cp
Pitney Bw
Weyerhsr
GAF Corp
Seers Polaroid
Gannett
Whittaker
Gamb
WinnDix
Pyebloint
Kerox Cp
Pugs PL
Pullman
Zale Corp
Gen Tire
Zenithr
Ga Pac
Questor
Ralstonp
Se Gillette
Pano Inc
Glen
Va Global Marin
Raytheon
Grantw
Reviow
Gt A&p
Abbtlab
ACF Ind
GtWaunit
Greyhound
Rome Cp
Ve Ad Millis
GrummaCp
Royccola
Man
Gulf Oil
PayDut
Admiral
GulfStart
RyderSystetnaLif
Bel“ Stlsanf
Harris Int
Stregisp
Alleg Pw
Ye HeelaMn
Sanders
AlliedCh
Eae Herc Inc
SaFeind
AlliedStr
Allis Chaim
HoernWal
Schenley
Alcoa
Hoff Electra
Schering
AMBAC
Hobdyinn
Ie — Ve CM Cp
Am Hess
Airlin
Honeywi
Scott Paper
Acrysug
Shalbien Shell Oi
AmCyan
Sherwnawm
Ameipw
VeidahoPw
Ideal Bas
SignalCo
Enkala
Singer Cp
Smith KF
INA Cp
Am Motors
IBM
T&t
Jewel Co
Anch Hock
John Man
Ancorp Nsv
Jonn John
S Arch Dan
Jon Logan
ArmcoSt
JoneLau
E — Va ArmstCk
Jostens
Joy Mig
le Assd DG
Sels Ad Richfid
Atlas Chem
Kaiser al
Atlas Corp
Avco Cp
Avnet Inc
Katy Ind
Kenncott
Kerr Mc
Babck
Bendix
Lenpcem
Boeing Co
McNl
Borden
Lonescem
BucyEr
Lonesga
Budd Co
Bulowa W
Lucky St
LongisLt
Me Bunk Ramo
Lukens Sti
Buri Ind
CaroPlLi
Val Maratha
CarrierCp
Maarcor
Marcor Wi
CastieCk
Velhar Mid
Mme
CaterTr
Martin
Maydstr
Valenco Ins
Ae Maytagle
Cerro
Mead Corp
Certteed
Eens Mely Shoe
Merck
Cfi
Sti Boe
Dies Ohio
Microcot
Wee
Cnipreut
ChrisCft
We Chrysler
MobilOil
Mohasco
Monson
ClerkEg
ClevEll
CocaCol
A.M. Stock Averages Across New York Markets
New York AP report lists noon prices on the American Stock Exchange with many tickers showing varied gains and losses. The page includes stock symbols such as Aerojet, Am Petr, Ark Best, Canadian and British firms, and footnotes explaining dividend and distribution terms for 1970.
MENTIONED IN THIS ARTICLE
New York
American Stock Exchange
Aerojet
Ark Best
Arkl
Asamera
Brascan Ltd
Campbi
Chile
Cdn
Cinarama
Dixityn Corp
Mynalectra
Mynalectra 0 6% 4&4 EquityCp 3% 1117 3% Whwm— Fed Peerces Om
Frontier Air
Caro
le Kaiser
M-Crory
MidwFini
Hewldria Mn
NewPark Mn
RIC Intl
Mme Saxon Indust
Iy Saxon Indivi Mb
Scurry Rai
Statham Inst
Syntex
Technico
Associated Press
Over-The-Counter Frac Hod Prices Bid-Asked
NASD quotes as of 11 a.m. show representative inter-dealer prices for a range of North Carolina stocks and firms. Prices exclude retail markup and commissions, with bids and asks listed for entities such as American Furn, Ameri Mortgage Re, Colonial Stores, Eckerd Drug, First Union Bank, Life of Carolina, NCNB Corp, Piedmont Aviation, Public Serv. of N.C., and Ruddick.
MENTIONED IN THIS ARTICLE
American Furn
Ameri
Carolina
Colonial
Eckerd Drug
First Union Bnk
Hardee’s
Integen
Life of Carolina
Ncnb Corp
N. C. Nat. Gas
Piedmont Aviation
Public Serv. of
N.C
Ruddick Pref
Ruedick Common
I Wix
Exchange Newsbeat Brief on New York Stock Prices
AP report notes afternoon prices in New York stocks with sales and net figures. Market activity focuses on trading momentum and closing behavior across major sectors. Analysts watch for shifts in intraday momentum and investor sentiment.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
New Soviet Sub Staging Area Established
Washington reports a new Soviet submarine staging area with nuclear missiles off Greenland in the Atlantic. The Y class subs, equivalent to Polaris subs, carry 16 missiles. one patrols the area as the station may become permanent if relieved by others. The Pentagon declined immediate comment.
MENTIONED IN THIS ARTICLE
Washington
United States
Atlantic Ocean
Greenland
Washington Post
Girls in Revolt confront Boy Scouts over wagon train
In Springfield South Carolina a group calling itself Girls in Revolt for a Liberation Society picketed a Boy Scout wagon train. Harriett Etheridge 20 led with signs asking to end discrimination and demanding a similar event for girls.
MENTIONED IN THIS ARTICLE
Springfield
S. C
Harriett Etheridge
Girls In Revolt
Walker Shoe Co declares 13c quarterly dividend on common stock
B. B. Walker Shoe Co of Asheboro announces a quarterly dividend of 13 cents per share on all common stock for stockholders of record June 20, payable July 1. This matches last year’s dividend and marks the 66th consecutive quarterly payout.
MENTIONED IN THIS ARTICLE
B. B. Walker Shoe Co
Asheboro
Avco Financial Services Emerges From Seaboard Name Change
S. L. King, manager of Seaboard's High Point branch, announced Seaboard Finance Co has renamed Avco Financial Services. The change combines Seaboard and Avco Delta Finance into one Avco subsidiary of Avco Corporation.
MENTIONED IN THIS ARTICLE
Seaboard Finance Co
Avco Financial Services
S. L. King
Seabord
High Point
C E
Com
Avco Corporation — Seaboard
Avco Delta Finance
NEA SaysNorth Carolina Teacher Unions Merge
The National Education Association states it views North Carolina white and black teacher groups as merged. The merged body would seek internal guidance from its officers, while NCEA plans a July 1 merger date if a two-thirds vote condition is changed.
MENTIONED IN THIS ARTICLE
Raleigh
National Education Association
North Carolina
North Carolina Education Association
North Carolina Teachers Association
NEA
NCTA
NCEA
North Carolina Association of Educators
House Urges Nixon to Sell Jets to Israel
A bipartisan letter by seven House members asks President Nixon to sell U S warplanes to Israel to counter Soviet involvement in the Middle East and deter aggression. The lawmakers argue the moment has arrived for firm action to support Israel with additional supersonic jet planes.
MENTIONED IN THIS ARTICLE
Washington
Nixon
U.S
House of Representatives
Bota
United States
Israel
Resignations and shuffles mark White House personnel changes
President announces resignations and new postings in a flurry of executive branch moves. Jack Hood Vaughn in Bogota denies disenchantment with Latin American policy while Caspar Weinberger is named deputy director of the Office of Management and Budget. Robert Mayo shifts to presidential counselor as the budget agency is slated for abolition, with Mayo likely to leave soon. The week underscores ongoing government staffing changes.
MENTIONED IN THIS ARTICLE
U.S
Columbia
Jack Hood Vaughn
Bogota
Caspar Weinberger
Federal Trade Commission
Office of Management and Budget
Robert P. Mayo
Nixon
Mayo
James J. Gallagher
Nixon reshapes staff with Shultz and Ehrlichman roles
President Nixon announces George P. Shultz as head of the new Office of Management and Budget and confirms the Domestic Council led by John D. Ehrlichman will start July 1. The arrangement aims to streamline government and avoid intra administration quarrels, though success depends on their ability to mesh approaches.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Labor
George P. Shultz
Office of Management and Budget
Bureau
Shultz
Domestic Council
John D. Ehrlichman
Guerrillas seize hotels as Amman battle disrupts power
Guerrillas occupy the Intercontinental Hotel and later the Philadelphia Hotel near Amman forcing hostages to be released then reversed. An oil worker and two American newsmen escape while more than a dozen correspondents remain. Amman loses power after days of shelling and propaganda circulates via Cairo radio and Al Fatah.
MENTIONED IN THIS ARTICLE
Philadelphia
Trinidad
Amman
Cairo
al Fatah
United States
King Hussein and Arafat clash with extremists in Jordan crisis
Arab diplomatic sources report Hussein and guerrilla leader Yasir Arafat engaged in cease fire talks while factions among Palestinian groups and Jordanian figures fight for influence. Zeid Ben Shaker’s shelling of refugee camps worsens tensions as Syria pledges involvement and Iraq weighs in with 12 000 troops in Jordan amid calls for regional mediation.
MENTIONED IN THIS ARTICLE
Beirut
Hussein
Sherif Zeid Ben Shaker
Shaker
Ammen
Popular Front For the Liberation of Palestine
Arafat
Liberation’ of
Palestine
Israel
Iraq
Jordan
No Other Word For It Generic Cellophane Declared in 1941
The word cellophane lost its status as a trademark in 1941 by court decree, and was deemed a generic term due to its widespread use for the product. Courts ruled no alternate word could describe the material.
Multiple Vehicle Collisions Reported on City Streets
Two women were injured slightly in a North Main Street crash as Judith Smith 19 and Annette Elkins 42 were treated at High Point Memorial Hospital after Smith’s northbound car hit a Bass vehicle as it turned left. Townsend 19 was hurt on East Green Street after rear ending a car changing lanes. Damages ranged from 25 to 1,500 dollars. No charges in Eastchester Drive crash between two trucks. Frances Lockabill 54 was charged for unsafe movement after a S Main Street parking lot collision.
MENTIONED IN THIS ARTICLE
N. Main Street
High Point Memorial Hospital
Judith Ann Smith
Route 2
Annette K Elkins
Winston-Salem
Louise Snyder Bass
Smith
N. Main
Judith Smith
E. Green Street
Larry Eugene Townsend
Carter Street
Townsend
Charles Franklin Lambert
Route 3
Green Street
Lambert
Eastchester
Sam Pink Cartrette
Lexington
Wall Trucking Co
High Point
Edmund W. Keefer Jr
Stillwater
Keefer
Frances Guin Lockabill
Thomasville
S. Main Street
Spurgeon
Wally Cox
Geddie Street
Lockabill
Cox
All Sixteen Escapees Recaptured Near Scotland Neck
The last of 16 convicts who seized a bus escaped Tuesday were captured within 15 miles of the scene near Scotland Neck NC. Frank Strater and Bass Pass Jr. were caught about 11:30 am. Jerry Penley was taken Wednesday night and five others were rounded up from 7 to 8 am.
MENTIONED IN THIS ARTICLE
Scotland Neck
N.C
Odum
Northampton County
Correction Department
Frank Strater
Bass Pass Jr
Jerry Penley
James Shore
John Pope
William E. Jorddan
Jesse Ashford
Wayne Walker
Charlie Meeks Jr
Jerry Hopkins
Jerry B. Hardin
Jerry Hilliard
Willy Moore
Michael Kerskey
James Cheek
David Coleman
Methodists Map Social Training At Conference
Western North Carolina Methodists opened their annual meeting with plans for a racism and social revolution training program to be held July 23-25 at North Carolina A and T State University Greensboro. Delegates approved a new evangelism form called adventure in Faith and authorized the program council to review spending to urge prudent stewardship. The conference will also consider founding a home for unrwedded mothers and hear reports from seventeen agencies.
MENTIONED IN THIS ARTICLE
Lake Junaluska
N. C
Jesus Christ
Board of Health and Welfare Ministries
Also Mentioned on This Page
Stock Market Report
A.P. Stock
NEW York Stock Index
Neo Low
Aevostente Ioe Nens Ind. Vm
Fn. Ve. SvOens
Bn Eee
Rome
Erbeenere Lees
Aed
American Exchange
Transportation A. Utility
Dow-Jones
Pentagon
Boy
Tosrael
Council
Schutz
Ehrlichman
Schultz
Robert H. Finch
Health, Education and Welfare
White House
HEW
Finch
Yasir Arafat
Garlier
Methodists
Pym
Hear Our
Radio
WHPE
le RS. Dickson, Powell, Kistler & Crawford
American Stockh Exchanges
N. Main St
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