Market rally lifts Dow as investors eye inflation data
New York AP report shows stocks trading higher at noon with the Dow Jones average at 722.48 up 1.37 percent as gains widen across steel, motor, and aircraft sectors while utilities slip. Short interest data spurred optimism about future buying and a potential rebound from May lows.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
American Stock Exchange
Associated Press
International Telephone & Telegraph
Natomas
Mobil Oil
General Electric
Fedders
Polaroid
Saxon Industries
Alloys Unlimited
Solitron
Equity Funding
Asamera Oil
New York Exchange Prices Highlight Wide Stock Movements
The afternoon prices show broad fluctuations across many listed stocks including Am Can, Chrysler, Goodyear, IBM, and American Telephone. Notable shifts include Am Can at 2.20, Chrysler at 60, and Dow components such as Sears and General Electric around mid-range gains and losses.
MENTIONED IN THIS ARTICLE
NEW York
Ap) Exchange
AlliedCh
AlliedStr
Allis Thaim
Alcoa
Hess
Acrysug
AmCyan
Ameipw
Enkala
AtHome
BoisCas
Borden
BurtNor
Caroplt
ChiMil Spp
Chrysler
CiTin
ClevElill
MiLing TV
MiLitton
Lockheed Air
Wei LoewsThe
Sei
Lucky St
Mi Lukens Srt
Wwilvo Corp
Lykey
Macke Co
Macy RH
Magnvox
Maratha
Vel Marcor Wi
Maytag
Mohasoc
Monsan
Montdut
Montaw
Mor-Nor
Motorola
Cocaol
Colg Pal
Gee
Moloiia
CBS
NM Airlin
Col Gas
Natheed
Nat Steel
Crin
Corow
Cowles
lnikWst
Cox
Norrisind
CP Ind
NorAmPhil
CrouseHing
Noamrk
CrowCol
Nongas
Crown Cork
NoStaPw
CronZelt
MiNorthrop
Cudahy
Nwst Airt
Curtiss Wet
NwtBane
al Norton
DenRive
NortSi
Dartind
Joccld Pet
OhioEdis
Deere Co
Wioklage
del Mate
al Oklangs
DeltaAir
Olin Corp
Denrgr
Omark Ind
DetEdis
Vel Otis Elev
Det Steel
Yel OwensCg
DillonCo
Penn Cent
EasKodak la
PenmiDix
lplatonCa
Penney JC
Echlin Mtg
PaPwLt
Eg&g
Pennzun
Elpasong
PepsiCo
Ettre
Val Philip MorryEvans
Phill Pet
Ralstonp
Anon A
RCA
New Cork Stock Rearing
Reviow
ReynMet
Rohr Co Ae
Reyccola
Ste
Geneseo
Stregisp
Glen Alden
Sanders
Igpal Atarin
SAF Elnd
MslGoodrich
Sanreint
Sears R
Shell Oil
GulfStaut
Am Motors
Atl Richfid
Atlas Cher
Atlas Corp
Aveo Cp
Avnetine
P Babck W
Beckman
Beecher
Bell How
Bendix
BenefiCp
Benguet
Beth Sii
Boeing Co
Gulf Wind
Halliburt
Harris Int
HeelaMn
Herc Inc
HoernWal
Hoff Electra
Abe
Asia
Wall Street Stock Averages and Bond Averages Reported
The Associated Press reports daily stock averages for rails and utilities with net changes and closing levels. Bond averages are listed for rails, utilities, and general bonds with daily and prior day changes and year ago figures.
MENTIONED IN THIS ARTICLE
Ind. Rails Util
Tae
The
Associated Press
Bt Rails Ind
Util. Sgn. L
Sri
American Exchange Noon Prices Report
American Stock Exchange noon prices show various issues with mixed gains and losses. Highlights include Aerojet Asamera Atlas and Cinerama among others, with many trading near prior values and disclosures noting dividend footnotes and special arrangements.
Stock Market Averages Report Mixed Noon Trading
At noon in New York the Dow Jones averages show varied results with gains in some industrials while utilities and rails slip. Bonds rise modestly with higher grade issues posting gains and utilities remaining uneven as overall market activity holds near flat.
MENTIONED IN THIS ARTICLE
St Kd
Semme
Esse Casetvoeg
Esinces i
York
New York
Viseeces
OO Gore Ices
Rae Couteld
POM Iiss Transportation
Utility Singeere Pabensbon Vn
Sgreens
Conservatives seek re election as Britain weighs future ties
The election data shows Conservatives leading in Wolverhampton with 325 seats to Labour's 286 while Britain debates foreign policy. Ian Paisley wins Antrim North seat and Winston Spencer Churchill III selected in Lancashire to carry on the Churchill name. Heath looms as foreign secretary candidate amid Europe talks and Suez withdrawal debate.
MENTIONED IN THIS ARTICLE
Wolverhampton
Ian Paisley
Antrim North
Northern Ireland
Winston Spencer Churchill III
Lancashire
Winston Churchil
Alec Douglas-Home
Wilson
Michael Stewart
Douglas Home
Heath
Board of Trade
Junior Centers Needed In N C
District Court Judge Willard J. Gatling of Charlotte says county and regional juvenile detention centers are needed in North Carolina. Gatling said Thursday the state should get centers regionally at least.
MENTIONED IN THIS ARTICLE
Southern Pines
N. C
Willard J. Gatling
Charlotte
North Carolna
Gatling
Miami Violence Subides After Curfew Easing
After four nights of shooting looting and firebombing in black neighborhoods police eased the dusk to dawn curfew at City Commission pressure. Violence dropped to scattered sniping and arson with 12 people wounded and widespread property damage.
MENTIONED IN THIS ARTICLE
Miami
Athalee Range
Fire Destroys Essa's Super Market in Greensboro
AP reports a blast preceded a fire that destroyed Essa's Super Market in Greensboro. Investigators probe arson as a late model car was seen fleeing the scene and owner Joseph Essa estimates losses around 500000. The blaze threatened adjacent offices and a weekly newspaper before containment.
MENTIONED IN THIS ARTICLE
Greensboro
Essa
J. P. Barbee
Joseph Essa
Barbee
Rate Boost Hearing Opens for CP and L Interim Increase
The North Carolina Utilities Commission began a hearing on Carolina Power and Light Co request for an emergency interim 4 percent rate increase. CP and L says it needs the extra revenue immediately and cannot wait for its 10.5 percent general rate increase.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina Utilities Commission
Carolina Power & Light Co
Cp&l
Commission
House debates postal bill with amendments and pay fights
The House advanced a postal reform bill amid 35 amendments including attempts to revive a penny post card and protect patronage. A Southern bid to block higher pay for city mail carriers failed 124 to 67. The Nixon administration won on supervisor status but lost on air mail contracting. A bid to remove retroactive pay and curb rate vetoes failed. a Senate subsidy proposal for public service was rejected 53 to 41.
MENTIONED IN THIS ARTICLE
House
New York City
Nixon
Congress
Senate
Conservatives to steer Britain’s foreign tone differs from Labour
As Heath’s Conservatives prepare to take power Britain aims to extend influence abroad and stay allied. Douglas-Home will push for an independent nuclear stance and a joint European program, while backing continued bases in the Persian Gulf and Asia. He plans closer ties with the United States and NATO, and seeks a prompt path to European Community entry.
MENTIONED IN THIS ARTICLE
London
Edward Heath
Harold Wilson
Laborites
Alec Douglas-Home
Heath
Labor
Michael Stewart
Britain
Persian Gulf
Indian Ocean
Southeast Asia
South Africa
Rhodesia
North Atlantic Treaty Organization
NATO
United States
Europe
Suez
Singapore
Malaysia
United Nations
Charles de Gaulle
Shoplifter Arrested After Noon Foot Chase
A patrolman arrested 21 year old John Thomas Hobson of Clara Cox Apartments after a foot chase on N Centennial Street near noon Thursday. Police say a tray of 12 women’s rings from Nash Jewelry and Loan Co. on N Main Street was stolen around 11:55 a.m. Ten rings were found in a wooded area off Hawthorne Street and the display tray near the R E A warehouse on Broad Street. Nash’s manager Harvey Kanter valued the rings at 135 dollars.
MENTIONED IN THIS ARTICLE
N. Centennial Street
John Thomas Hobson
Clara Cox
Hobson
Nash Jewelry & Loan Co
N. Main Street
Hawthorne Street
Broad Street
Harvey Kanter
Nash’s
Reynolds Tobacco to Become Subsidiary of Reynolds Industries
R. J. Reynolds Tobacco Co. will become a wholly owned subsidiary of the new Reynolds Industries, Inc. on June 29 as part of a major corporate reorganization approved by shareholders April 22. The diversified group will include foods, beverages, aluminum, packaging and corn refining alongside tobacco. Alexander H. Galloway will lead Reynolds Industries as chairman and CEO, with David S. Peoples as president and COO. Colin Stokes will head the tobacco division as board chairman and William S. Smith as president.
MENTIONED IN THIS ARTICLE
Winston - Salem
R. J. Reynolds Tobacco Co
R .J. Reynolds Industries, Inc
R. J. Reynolds
Alexander H. Galloway
Reynolds Industries
David S. Peoples
Colin Stokes
William S. Smith
Galloway
Reynolds Tobacco
Peoples
Greensboro Workers Continue Walkout Amid Citywide Halt
Greensboro sanitation workers continue a three day walkout with 59 reporting for duty as city crews suspend all residential garbage pickups. Union leader Gene Gore warns of a possible Charlotte strike and aims to push a 1971 General Assembly amendment to empower state and local governments to negotiate with unions.
MENTIONED IN THIS ARTICLE
Greensboro
Gene Gore
Charlotte
City Hall
Gore
Queen City
Wayne Nall
Congressmen Support Raise in Postal Reform Vote
Washington AP reports all eleven of North Carolina’s congressmen backed a pay raise for mail carriers as the House defeated a bid to scrap postal reform. The vote stood 306 to 77.
MENTIONED IN THIS ARTICLE
Washington
North Carolina
House
VISTA worker Nancy Morgan found dead in government car
Nancy Morgan a VISTA worker from Baton Rouge was found dead in a government car near Marshall North Carolina. Medical examiner Dr. R Page Hudson said she died about two days earlier by strangulation with a nylon rope. Autopsy pending.
MENTIONED IN THIS ARTICLE
Marshall
N. C
North Carolina
VISTA
Nancy Morgan
Asheville
R. Page Hudson
Chapel Hill
Baton Rouge
Shelton Laurel
Hudson
Morgan
James Adams
Bluff
Hot Springs
Adams
Madison County
Roy Roberts
Cletus Waldroup
High Point
Waldroup
Roberts
Miss Morgan
Also Mentioned on This Page
Business and Financial News Stock Market Report
Linda Ruvey
NEW York Exchange
GAC Cp
GAF Corp
Gam Sko
O Wie Os Ieua Gannett
GenDynam
Elec
GenMot
Gpubut
Duester
SherwaWm
SignalCo
Smith KF
Soucale
A.P. Stock
Inger Rand
IBM
T&t
Lowa Psv
Weetek Corp
Jewel Co
John Man
John John
Jon Logan
JoneLan
Kresge SS
A Kroger
South Co
Soungas
Sou Pac
Southrn Ry
Squibb
StBrands
Kollsmar
Stoinj
StdOilOn
SteriOrug
Stevensj
StudeWorth
Sun Ollo
Swift Co
Systron Donn Tampa E
Tektronix Teledyn
Tenneco
Texaco
Texetrn
Texgsul
Texasinst
UMC Inc
Oo UN Pac Co
Union Pacif
Uniroyal
US Steel
Univopd
Upjohn
Varian Asso
Se Vendo Co
Nese Vaeipw
Wat
Wstn Air Lin
Wa Banc
Wau Union
Weyerhsr
American Exchange
American Stock Exchange A
C. Aerojet
Brascan Ltd
Campb
Chile
Cdn Javelin
Cinerama
Dillard
Va 'Dixilyn Corp
Fed Resrcus
Felmont Oil
Frontier Air 1 & & M
Gen Plywoodeis
Gt Basn Pet
Husky Oil
Kaiser
MidwSini
NewPark
Ormend Ina
Statham
Es Technico
Nuclear
Risaline
Dow-Jones
Chares de Gaulle
Labor Party
N.C
Indochina
RJR
Clarence Cutshall
Alanna Paulson
Fla
Sodom
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