Market Dips as Rates Rise and International Problems Loom
Stock prices edged lower as investors fret rising interest rates and new international monetary issues. Dow Jones 30 fell 1.51 to 949.20 at noon with nearly even NYSE breadth, while AP 60-stock average slipped 0.1 to 327.3. Airlines and electronics mixed. oils, rails, steels and motors down.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Britain
First National City Bank
First Pennsylvania Banking & Trust Co
Associated Press
Richmond Flood Strains City Power and Sewers
Virginia Electric and Power Co reports loss of its flooded substation on 12th Street leaving much of downtown Richmond without electricity. The city’s flood pumping station was abandoned as waters rose, forcing police and guardsmen to relocate control posts three times in three hours while James River floods intensified. Governor Holton warned of a state wide disaster as damage across regions climbs into millions. Camille and Agnes storms earlier warned of similar devastation and Agnes prompted evacuations near Occoquan Creek dam after fears of a dam break.
MENTIONED IN THIS ARTICLE
Virginia Electric & Power Co
12Th Street
Richmond
James
Canal Street
17Th
18Th
Broad Street
the James
Western Mountains
Southside
Northwest
Gov. Holton
Virginia
Camille
Agnes
Occoquan- Woodbridge
Occoquan Creek
Pilot Strike Called Off In Britain
London AP reports the British Airlines Pilots Association announced BEA pilots will not strike over pay rates after negotiations. The action was halted late Wednesday night and no industrial action occurred.
MENTIONED IN THIS ARTICLE
London
British European Airways
British Airlines Pilots Association
Dow Jones Averages and Bond Figures Summary
The Dow Jones Industrial Averages rise and fall across sectors with gains in utilities and rails offset by declines in transportation. Public utilities and industrials show modest movements while bonds trade around steady values.
MENTIONED IN THIS ARTICLE
Dow-Jones
Indus
New York Stock Exchange Indicators Drift at Noon
The AP reports at noon the New York Stock Exchange index group shows minor declines. Industrial drops 0.06 to 6.12, Transportation 0.15 to 51.26, Utility 0.10 to 34.02, with the overall index down 0.07 at 60.70.
MENTIONED IN THIS ARTICLE
NEW York (Ap
New York Stock Exchange
Utility
North Vietnamese Attacks Mount as U S B52s Pound Front
North Vietnamese forces press new attacks along the My Chanh Hue axis as 100 B52s drop 2500 tons of bombs. Vietnamese and allied reports tally casualties on both sides including 99 NVA killed and 1 tank destroyed in dawn to noon clashes. The U S commands no aircraft losses.
MENTIONED IN THIS ARTICLE
George Esper
Associated Press
Wrnter Saigon
South Vietnam
Hue
A Shau
Nguyen van Thieu
My Chanh
Old
Imperial
Saigon
Suo da
Chu Pao
North Vietnam
North
U.S
McGovern Gains Six Seats on Drafting Subcommittee
In Washington the Platform Committee began work to draft the Democratic party platform for Miami Beach. McGovern supporters secured six of 15 drafting subcommittee seats, with Humphrey Muskie and Wallace each earning two. The committee aims to complete the platform by midnight Tuesday and mail it to delegates by Friday.
MENTIONED IN THIS ARTICLE
Washington
George McGovern
Democratic Party
Miami Beach
Fla
McGovern
Humbert H. Humphrey
Edmund S. Muskie
George Wallace
Subcommittee
Richard Neustadt
Vietnam
Democratic Policy Council
Sen. A Lscueing
EA Aud
Highway 14
Viet-Pleiku
Kontum
Nam
North Vietnam
California
U.S
Philip Wilkins
Sacramento
Humphrey
Home Loan Interest to Rise Says Fed Board
Washington AP The Federal Home Loan Bank Board says conventional mortgage rates rose slightly in May after six months of decline. Chairman Preston Martin cautioned against declaring a new trend and noted ample money for mortgage investments should cushion further rises. The May average rate was 7.53 percent, up from 7.51 in April and 7.52 in March.
MENTIONED IN THIS ARTICLE
Washington
Federal Home Loan Bank Board
Preston Martin
Christ Crusade Begins Tonight at Cedar Street Church
A crusade for Christ opens tonight at 7 30 at the Cedar Street Church of God conducted by the Christian Campus Crusaders. Services run nightly through Friday June 30 with seminars and lectures and evangelistic services included.
MENTIONED IN THIS ARTICLE
Cedar Street
Reunion pegged at Hasty School
Wallace A Kennedy of Thomasville will host all former teachers and students of the Old Kennedy School on Hasty Road Route 6 Saturday. The luncheon will begin at 2 p.m. at the Hasty School Cafeteria. Those who plan to attend should notify L B Johnson of Rt 6 Thomasville.
MENTIONED IN THIS ARTICLE
Thomasville
Wallace A Kennedy
Kennedy School
Hasty Road
Hasty School
L. B. Johnson
Rt. 6
McGovern Plans Swing Through Southern States
George McGovern gears up for a six state swing through Oklahoma City, San Antonio, Little Rock, Atlanta, Columbia, and Richmond as he pursues southern support and momentum toward the Democratic nomination. Delegates tallies place him near the needed 1509 threshold, with party rivals and California primary results also shaping the race.
MENTIONED IN THIS ARTICLE
Washington
George McGovern
South
Nixon
Frank Mankiewicz
South Dakota
McGovern
Dixie
Oklahoma City
San Antonio
Tex
Little Rock
Ark
Atlanta
Columbia
S.C
Richmond
Associated Press
Also Mentioned on This Page
Stock Market Report
Merck
ClevElit
MGM
Aerojet
Monsant
Motorola
Barnes Eng
Nabisco
CampbChibe
Conti Corp
Nat Airline
Certron Co
Cinerama
Natcashr
Cowles Com
Dixilyn Corp
Crewth
Nat Steel
CrowColl
Crown Cork
NewPow
Frontier Air
CrwnZell
Newbury
Newmat
Gt Basin Pet
Va Dan River
Norfolk
Norrisin
Deere Co
ITI Corp
Delta Air 184
Nongas
Jetronic Ind
NoStaPw
Kaiser
Denny Ast
Val Northrop
Kin Ark Corpse
DetEdis
Kinsford
Ob Iy
Lafay Radio
Dillon
Norton
Val LaMeur
Disney
Vane Veeve
NortSim
LTV Corp
Marshal Ind Beaem DowChm
Medenco Inc
OhioEdis
le Duke Pw
Newidria Mn
duPont Se MB
NewPark Mn
E Olin Corp
Omarkin
Otis Elev
OKC Corp
East Air Lin
Mar
Ozark Airlin
EasKod
Owen Cro
Permaner
Su Sa Eaton
Owen Ill
Phoenix
Echlin
Eg&g
Reserve OG
Eipagwng
PacPetrol
Resortsint
EliraCp
PacPwl
Pac T&t
Syntex
Pasco Inc
Tonka Cp
Eaird
Penn Cent
Va Exchange
Fair Ind
Pennttix
Fansteel Inc
Penney
Viewlex
FedhMitg
Pennzoil
Vikoa Inc Vln Corp
Se AbbiLb
Feddstr
Westates Ptls
Piltrot
Pfizer
Firestone
Elintkole
Arizonala A
FMC Co
AlcanAlu
FdFair
Pricton
Alieg Cp
Fordm
Ralstonp
Aiklin
Ranco Inc
Gen Dynam
Raytheon
GenElec
RCA
Ameipw
Repub
Reviow
Voor
Gerber
Reyn Ind
Los A Mincix
Stead
Goodrich
Roy
At&t
Goodyr
Ryder Sy
AMF Inc
Grant
Safeway
AMP Inc
Ampex Corp
Corp A
SCOA
Harris
Ma Atlas Corp
GenFood
Aveo Corolal
SingerCo
Hercule
Smith
Beckman
Hoernwal
South Co
Electra
Bendix
Sova
Southey Wil
Beth St
Sperryr
Boeing Co
idanoPw
Borden
Ideal
Kollsman
Brunswek
Beloven
Stevensj
Mhae
Stuewor
Burt Ind
Suno
BurtNor
Swift Co
Tek Corpoy S
Tektronix
CarrierCo
Teledyne
CartWal
Jewel Co
Wes JonnMan
Tenneco
CastieCke
Johnson
CaterTr
Texaco
Jones Laule
CessnaAir
ThriftyDay
Kerrmcg
Ches O
Q KayserRo
Timken
Chipneyt
Kennecott
Todd Ship
Chris Craft
KimoCik
Chrysler
Ns — ' Knight
Citfini
Katy
Koppers
TRW Inc
Kraftco
Kresge
VAL Inc
Kresge SS
Kroger
UN Carbide
LearSieg
Levitz Furn
Lipbold
Libomcnil
US Steel
Littonind
Lockheed Air
UnivCpg
Varian Assoc
LTV Corp Wa
VendoCo
VeEiPw
LukenSti
LVO Corp Hd Moe
Lykes Vogst
Macy RH
Wodir Lin
Marath
Union
Marcor
Weyerns
Whiof Ryle
Martinm
Williams Co
Asa
Va Winnox
Mead Co
Memorex
Xerox Co
Zale
NEW York Exchange
A.P. Stock
Ovens
Railsine
Util
Om L. Ve
NEW York Stock Index
Stu Ida As
High Point Enterprise
High Point Enterprise, Inc
Church Avenue
High Point
N.C
Okly
Ward-Griffith Company
National Advertising Representatives
Christ Crusade
Bill Kosman
Paign
Twin Oaks
N. Main Street
George W. Gillie
Bob L. Short
S. Main St
Welborn Insurance
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