Stocks slide as Dow falls and drug issues weaken
The Dow Jones average drops 3.24 to 773.23 as market volume remains low. Analysts cite profit taking, government bans, and weak birth control drug prospects. Merck Pfizer Abbott Searle IBM and other names move lower while Lockheed gains on Pentagon news.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Merck
Pfizer
Abbott Labs
Searle
Associated Press
Xerox
Mohawk Data
Burroughs
Itek
IBM
Ling-Temco-Vought
L-Tv
Lockheed
Pentagon
Seatrain
Kresge
American Stock Exchange
British Petroleum
Ecological Science
Milgo Electronic
Unclear Stock Market Note Reflects Data Clutter
Fragmentary AP stock table text shows volatile figures and garbled entries, listing percentages and prices with missing labels. Key entities are unreadable, leaving investors with no clear takeaway from the scattered figures.
American Exchange Votes in Varied Dividends Table
The text outlines dividend classifications and notation codes used in a table of annual disbursements. It lists numerous labels such as extras, stock dividends, liquidating dividends, ex-dividend marks, and other special designations for payments across 1969 1970 and related events.
MENTIONED IN THIS ARTICLE
Vivitar
Drug Bill Sparks UNC Psychiatrist Backlash Label
University of North Carolina psychiatrist Dr Morris Lipton called the omnibus drug bill a backlash item during a drug symposium in Chapel Hill. He said the measure shifts authority from HEW to the Justice Department and the attorney general over research classification and medical use of CNS stimulants and depressants.
MENTIONED IN THIS ARTICLE
Department of Justice
Attorney General
New York Stock Exchange Index Movements
Noon trading shows mixed results across sectors with declines in the overall index. The industrial group edges down while utilities and finance sectors show small gains as investors weigh market signals.
MENTIONED IN THIS ARTICLE
New York
Ihe Cocshinbas
Epasocd
Adeare Ee Sap Lawepeen
Industrial
North Carolina and Virginia Weather Outlook
Partly cloudy and cold tonight with a chance of rain on the northern coast. Saturday brings generally fair but chilly conditions with lows in the 20s to 40s and coastal 34 to 40. Virginia: partly cloudy nights and Saturdays with lows 25 to 35 and highs in the 40s. Sunday to Tuesday expect fair dry, cool to gradual warming with daytime highs mainly in the 40s and 30s along the coast.
MENTIONED IN THIS ARTICLE
North Carolina
South Carolina
Virginia
Nixon seeks protection for employes pensions and funds
President Nixon urged Congress to pass the employe benefits protection act to curb conflicts of interest and laxity in pension fund management. He cited 120 billion dollars in private pension assets protecting about 50 million workers and called for a federal standard and stronger reporting. The bill would empower labor department enforcement, ensure exclusive use of funds for beneficiaries, and align rules with mutual funds and banks.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Congress
Secretary of Labor
Willard Wirtz
Lyndon B. Johnson
Wirtz
U S Philippines Tensions Rise Over Manila Protests
U S Philippine relations have deteriorated since the Feb. 18 Embassy attack amid demonstrations seen as pressure on President Marcos. Warning voices in Congress demand cuts to aid, while Huk insurgents grow in strength near Clark Air Base.
MENTIONED IN THIS ARTICLE
Manila
Ferdinand Marcos
U.S
Henry Byroade
Carlos P.arate
Mendel Rivers
D-S.c
H.R. Gross
Iowa
Romulo
Huks
Philippines
Luzon
Diwa
Peoples Army
Sumulong
Angeles
Clark Air Base
U.S. Senate
Senators Vote Against Voting Age Cut
Washington AP report notes Senators Sam Ervin and B Everett Jordan both opposed an amendment to lower the voting age. The measure passed in a roll call vote on Thursday.
MENTIONED IN THIS ARTICLE
Washington
Sam Ervin
B. Everett Jordan
North Carolina
NBC Chief Defends Remarks on Subpoenas and Press
NBC President Julian Goodman clashed with Senator Barry Goldwater over subpoenas on the news media. Goldwater called Goodman’s remarks ridiculous. Goodman replied with a letter defending his stance that journalism has faced significant government pressure, citing his 20 years in the field and history of the press.
MENTIONED IN THIS ARTICLE
New York
Julian Goodman
National Broadcasting Co
Barry M. Goldwater
Arizona
Washington
Goldwater
Goodman
Desegregation Plan In Charlotte Mecklenberg Schools
The appeals court suspended actions March 5 and the Charlotte Mecklenberg board faces high court views. The plan pairs inner city black students with white outlying schools and buses roughly 15 miles each way. It aims for a 71 percent white and 29 percent black pupil mix across 107 schools serving about 83,000 students with April and May implementation milestones.
MENTIONED IN THIS ARTICLE
Finch
Metromedia Radio News
Charlotte- Mecklenburg Board
High Court
Nixon administration asks Congress to expand bank records power
The Nixon administration seeks to grant the Treasury secretary authority to determine bank record keeping for foreign accounts. Eugene T. Rossides filed the bill with the House Banking Committee, while Chairman Wright Patman contests the push as weakening the bill’s aims and proposes Tuesday talks. The dispute centers on avoiding broad, bank-heavy requirements like photographing all checks.
MENTIONED IN THIS ARTICLE
Eugene T. Rossides
Treasury
House Banking Committee
Wright Patman
D-Tex
Secretary of the Treasury
Patman
Mixing At UNCCH Is Ordered
The U S Department of Health Education and Welfare served notice to the Consolidated University of North Carolina to boost integration at its Charlotte campus. A HEW letter to UNC President William C Friday urged recruitment of black students and minority faculty, and to involve historically excluded groups in campus life.
MENTIONED IN THIS ARTICLE
Raleigh
U.S. Department of Health, Education and Welfare
Consolidated University of North Carolina
Charlotte
HEW
UNC
William C
University Trustees
Consolidated University
Chapel Hill
Greensboro
Bob Scott
Eloise Severinson
Explosion victim identified in Bel Air blast linked to Brown associate
Baltimore AP reports the medical examiner positively identified the second victim as William Herman Payne 27 friend of H Rap Brown. The other victim is Ralph Featherstone 31, a Brown associate. Brown's trial on inciting to riot and arson resumes after an adjournment for Featherstone's funeral while Kunstler expresses concern for safety.
MENTIONED IN THIS ARTICLE
Baltimore
Bel Air
William Herman Payne
H. Rap Brown
Brown
Cambridge
Werner A. Spitz
Payne
Ralph Featherstone
William M. Kunstler
Featherstone
Kunstler
Augmented Negro Leadership Pressed In United Church
In St Louis AP report leaders pressed to augment Negro leadership in a proposed united church uniting black and white wings of Protestantism. Spivey proposed racial rotation of bishops and yearly term limits for national presiding bishops. Nine denominations totaling 25 million members are involved.
MENTIONED IN THIS ARTICLE
United Church
ST. Louis
Charles S. Spivey
New York
Lee Spivey
Othal H. Lakey
Dallas
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Stock Market Report
John Henry AP
US Indust
US Steel
Univo Pd
Upjohn 1
Ies Varian Asso
Vendo Co
VaElPw
WhynDix
Zenithr
Sia Kolsman
Stolicas
StOilind
Boeing Co
BoisCas
Lear Sieg
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Budd Co
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Litton
Ling TV
Ve Bank Ramo
Lockheed Air
LoewsThe
Se Buri North Wi
Ve Burrghs
Lonesga
LVO Corp LykeYng
Magnvox
Marcor Inc
Mead Corp
Chris Cft
MelvSho
Chrysler
CocaCo
Colg Pal
Mobil
Air West
CBS
Montdut
Petr
Colu Gas
Mor-Nor
Ark Best
Motorola
Mtstatt
AtlasCorp
Mscullen
Barnes Eng
Coin Javelin
Cinerama
Ve Corp
Dillard
Cooperin
NatGyps
Dixilyn Corp
Cowles
EquityCp
Nat Steel
Fed
CPC Intl
Nat Tea
Val Felmont Oi
Aebis Crouse Hind
Natomas
Frontier Air
CrowCol
CronZell
Goldfield
Norrisind
Noamrk
NoStaPw
It! Corpiser
Denrgr
NortSim
NewPark Mn
Ind Ind
RIC Ind Ind
Occidnt Pet
ValSaxon Indust
DillonCo
OhioEdis
Oklage
Syntex
Oklangs
Technico
Otis Elev
Catan Fimssene Acm Snalfialal Duke Pw
duPont
Owense
Dug Lt
Owensill
Ssia
East
Pact&t
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Panasul
EltraCp
PanAm WaAir
Emer Elec
Panh EP
Parke Davis
Essexint
Penn Cent
Ethyl Cp
PennDix
Eversharp Ai
PaPwit
Philip Morr
Firesine
Phill Pet
Fem
Pinneyan
Polaroid
Publkcind
Pueb
FruehCp
Pugs PL
Pullman
Ve Gac Cp
Gam Sko
GAF Corp
Questor
Gannett
Calblinnis GenDynam
Eeee Ralstonp
Elec
Ranco Inc
Raytheon
NEW York (Ap
RCA
Es Exchange
Nm Goodyear
Ma Safeway
Alleg Co
Va Grace Co
St Jos
Alleglud
Va Alleg Pw
Grantw
StRegis P
AlliedCh
Gt A&p
Ve Sanders
AlliedStr
Gt West Fini
Allis Chaim
Alcoa
A Schenley
AMBAC
Hess
Greyhound
SCM Cp
Airlin
Guif Oj Ps
Scoa Ind Oo
Ye GuifStaut
Scott Paper
GuifWin
Ibclind
Am Can
Halliburt
SingerCo
HoernWal
Smith
T&t
Ve Sperryr
AMK Cp
AMP Inc
Sia
Ampex Corp
VaidahoPw
Atlas Chem
Atlas Corp
Aveo Cp
Bebck
Va Itek Corp
BeechAr
Bell How
Tin Jewel Co
John Man
Bendix My
Jonnihn
Jon Logan
JoneLan
Bern Stl
Joy Mfg
Va Kaiser al
Kan GE
Va Kraftco
Kresge SS
Kroger
Myae
Frivanne AO
Associated
Ind
Penn
Dow-Jones
StdOllOh
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SteriDrug
WV Stevens
StudeWorth
Swift Co
Tektronix Tampa el
Cenneco
Oes Yexaco
Texasinst
Textron
TimesMir
Trans W Air
TRW Inc
UAL Inc
Va Union Pacif
Uniroyal
NEW York — Exchange
NBC
Austin
Tex
Appeals Court
America
Supreme Court
Treasury Secretary
Ressides
Committee
Noel Yancey
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