Market Slips as Dow Dips Sharply After Morning Losses
The stock market extended losses with the Dow Jones industrial average down 7.90 points to 909.62 at 11:20 a.m. on a day of active trading. The AP average dropped 2.0 to 32.9, while the NYSE saw more sellers than buyers. Investors cited tightening credit, weak auto sales, and lack of positiveVietnam news as key factors. Large blocks traded include General Instrument, Great Western Financial, Hercules, Alberto Culver, GAC, Chrysler, and Loew's Theatres in varied moves.
MENTIONED IN THIS ARTICLE
NEW York
Dow Jones
Dow
New York Stock Exchange
Associated Press
Vietnam
General Instrument
Great Western Financial
Hercules, Inc
Zapata Norness
Alberto Culver
GAC Corp
Weather forecast for the Carolinas and Virginia today
Forecast covers NORTH CAROLINA SOUTH CAROLINA and VIRGINIA with variable to cold conditions. North Carolina coast partly cloudy and cold. mountains near 20s to 30s, coast mid 30s to 40s. South Carolina fair and cool, 50s today, nights in 20s to 30s. Virginia mostly sunny, mountains 32 to 38, other areas 40s to 40s, nights 22 to 32, Friday highs around 42.
MENTIONED IN THIS ARTICLE
North Carolina
South Carolina
Virginia
Georgia
Ray pleads guilty in King case and related moves
Ray admitted pleading guilty last week after counsel indicated it was best. Justice Department sources said the government knew of the plea a day ahead and would yield 99 years, with no involvement in pretrial decisions. Separate notes describe Ray’s Birmingham FBI charge and a Tennessee murder case, plus comments by Ray’s former Birmingham mayor attorney about a plot and conspiracy claims. In North Carolina, NC A&T cafeterias faced a lunch-time shutdown as workers strike for higher pay and benefits under Ara Slater Food Services.
MENTIONED IN THIS ARTICLE
Merck
Abe
MGM
Chrysler
Migsolil
Minnis
New York
SBM
Exchange
Mohascu
Toy
CollinRad
Petr
Motorola
AssdOl & G
Natairlin
Ss Bares Eng
Soi
Nat Can
Brit Petrolm
NatCash
Chibea Thessen
Blailyn Corp BT
Ma Frontier Air
Golafield
Cork
Norfolk
Noamrock
Ahr Tay
NoStaPw
Northrop
NwstAkt FO
Kaiser Ind
Norton
Nort Simon
Norwich
Molybden NewPark
Orin Ge
Olin Miath
Technico
Duke Pw
Otis Eley
Wn Nuclear
duPont
Margar
Pact&t
Penney Hot
Tomante An Vay
Ethyl Co
Sita PaPw Ts
Evans P
PennzUn
PepsiCo
Bilzore
Jarroh Hiller
P— Fansteel Inc
Ma de Pve
Philo el
PhilMerv
Pullman
wieWhen
Vestor
FordMot
Eormck
Freapsut
GAC Cp
Raytheon
GAF
Reading
Welagieg
Gannett
Repubsts
Bynam
Rexall
Abbott Lab
VaGen
Gen Tire
Genvsco
SystakanAly
Gerber
GettyOll
AllegPw
Gillette
Glenalden
Stregp
AlliedSte
Global Marin
Sanders
Allig Chalm
Goodrich
SaFeind
Alcom
Goodyr
SanFeint
A.m
AMBAC
Graceco
Ye Scheniey
Am Airlin
Scott Paper
Shell Oil
SignatCo
American Fidelity
Quiwind
Singerco
American Furn
Smith KF
Haliiburt
American Mortg. Ia Am News
Harris Iit
He South Co
AmPnet
Beg U
Chatham Mfg
Rai A
Herc Inc
Colonial
Capitol Hill
Am Smelt
Newspa- Am
Dart Drug
T&t
Sperry
In- Ara
Reed
First Union Bank
Sidoini
Hardee’s
James O. Eastland
ArchDan
Ltia Él
Senate
Inter- Arte
Harris Teeter
Stavston
Arm
Ck T
Sterlorus
Henredon Furn
Stevenar
Integon
Asc
ShteWorth
Ames
Sun Gil
Jefferson Pilot
Atles
Val IngerRand
J Lance
Atlas Corp
al Swit Co
Eastland
Ayeo Cp
Avon
Tatmpaki
Life of Carolina
Tektronix A
J. Ernest Messer
HS Bsn
Me Lin Broadcasting
Ata Teledyne
N.C.N.B. Corp
Haywood
C. W. Phillips
Ray
Guilford
J. Ernest Pas
Iowa
Texaco
N.C
L Gas Ll
Beckman
Ava
Benhix
Vasawel
BenafFin
Finn
Uh Ruddick
Denkogen
Jonas Lau
Bolstas
Jostens
Borden
Transsmer
Sea
Kaiser al
BucyEr
TRW Inc
Budd Co
Val Katy Ind
Vee Kayser
Burlind
Keonicott
Cal Finan
Union Pacit
Kroger
Uniroyal
AlrLin
ADA
CFI Stlay
Ia Bane Cres Ohio
Va Lukens SH
Dela ChiPney
Vaeipw
Macke Co
Watlam
Macy RH
Westa Airl
Banc
Wentworth
Ag Mead
Dow-Jones
Associated Press
Averaaes
NEW York Associated Press
Rails Ind
Ui Fan
Indus
Rails
New York Prey
Washington
Justice Department
Iment
Ferey Foreman
Houston
Tex
FBI
Birmingham
Ala
King
Arthur Hanes Jr
Foreman
Belef
Hanes
CBS Evening News
Walter Cronkite
Alabama
Ant
Federal Bureau of Investigation
John Ray
Jimmie
Tennessee
A&T Dining Halls Close For Talks
A bill aims to merge city and county school units, arguing small city systems are costly and less effective. The proposal could save up to 13 million yearly, with 250 thousand initial savings. 7,500+ enrollment districts would be unaffected. Names cited include Phillips and Messer. Craig Phillips reportedly approves.
MENTIONED IN THIS ARTICLE
Phillips
Messer
Scotland Neck
Burlington
Asheville
Fayetteville
Durham
Greensboro
High Point
Raleigh
Goldsboro
Wilson
Gastonia
Southern Life names W L King field trainer
Southern Life Insurance Co based in Greensboro announces W L King as field trainer for the home office agency staff. King joined the company in 1951 as an agent after earlier service in that role. A Staley native and High Point Coin Club member, he is married to Brenda Sue Allman and they have one child.
MENTIONED IN THIS ARTICLE
Southern Life Insurance Co
Greensboro
W. L. King
King
Southern Life
Staley
High Point Coin Club
Brenda Sue Allman
North Carolina House passes law stiffening building seizure
RALEIGH AP The N C House approved and sent to the Senate a Republican backed bill increasing penalties for those who seize or disrupt use of a public building to six months in prison and a 500 dollar fine from 20 days and 50 dollars. The measure was read on third reading with brief discussion. A governor backed riot and civil disorder bill was also approved. It would raise penalties to five years for armed rioters causing serious injury or over 2500 dollars in damage and authorize searches and curfews. Two local sales tax measures were introduced to aid governments: a statewide 1 percent tax with revenue shared by population, and a 1 percent county option tax with funds split countywide.
MENTIONED IN THIS ARTICLE
Raleigh
House
Senate
Phil Godwin
D-Gates
Jim Johnson
R-Cabargus
Guy Elliott
D-Lenoir
KampKing assigns NC franchise for campers and motor homes
KampKing The KampKing Co of North Carolina announced that Horace G Ilderton Inc of High Point has been granted the KampKing Campers and Motor Homes franchise for the Piedmont Triad. KampKing has produced campers since 1954 and will supply units from a new local plant to North Carolina residents.
MENTIONED IN THIS ARTICLE
KampKing Co
North Carolina
Horace G. Ilderton, Inc
High Point
KampKing
Piedmont Triad
Kamp King
Viet Nam Offensive Casualties Slow Then New Attacks
Weekly Allied summaries show Viet Cong and North Vietnamese battle deaths reach totals of 4 063 over two weeks while Saigon reports 259 government KIA and 521 more in the prior week. Analysts see reduced attacks but note regrouping and resupply by Communist units ahead of a potential new phase as VC offensive activity resumes with heavy mortar and rocket barrages on about 40 bases and towns.
Durham Curfew Aids Black Studies Controversy
Violence and bombings followed sympathy marches as Durham enforces a 7 pm to 5 am curfew with National Guardsmen aiding police. Mayor Grabarek declares a state of emergency after downtown windows break and arrests occur. A proposed compromise on black studies adds four students to the supervisory committee with a veto via two-thirds majority.
MENTIONED IN THIS ARTICLE
Durham
Duke University
Wense Grabarek
Bob Scott
Duke
Polis
Harriman to address Truman Library Institute directors
W Averell Harriman, former U S delegation head to the Paris peace talks, will address an invitation only audience after the Truman Library Institute directors meeting on March 28 in Independence Missouri.
MENTIONED IN THIS ARTICLE
Independence
W. Averell Harriman
U. S
Paris
Truman Library Institute
Also Mentioned on This Page
Stock Market Report
By Phil Thomas
AP Business Writer
England
Tryon
Percy Foreman
St.Louis
North Carolina A&t University
Ara Slater Food Services
Brown Hall
Murphey Hall
ARA Catering Service
North Carolina A&t
A&t
N.C. House
Judiciary 1
Horton Rountree
D-Pitt
Clarence Leatherman
Lincoln
AP. Stock
Mast
Lewis Shek
Ffice
Rand
Wachovia Adv
Salem St
Kamacgilly
Nat Walker
Optometair
Homa i
Red Jacket
Free Water Analysis
Prinm Distributors Inc
Shore Street
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