Stock Market Rallies as Fed Rate Hike Eases Gold Rush
The Dow Jones average rose 1.85 to 832.76 at noon after an early loss. overall stocks showed more declines than gains. The Federal Reserve boosted the discount rate to 5 percent, a smaller move than anticipated, as London’s gold market closed easing the market’s gold flow fears.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
Wall Street
London
Gold Market and Stock Exchange
Associated Press
Stock Averages Compiled by Responding Agency
A partial stock averages report appears with figures and notes. The text includes prices and changes for several issues and mentions market activity, withholding specific company names or dates.
High Point Draft Call Increases Inductions For April
The local draft board will induct 57 men on April 30, the largest monthly call since 1925, compared with 11 last month. Pre-induction examinations are scheduled for April 11, 19, and 26 at a cost of 7 each, per Mrs. Peggy Hulin the clerk.
MENTIONED IN THIS ARTICLE
Peggy Hulin
Five Day Forecast North and South Carolina Virginia and Georgia
Variable clouds and warmer conditions with scattered showers mainly in mountains. Lows tonight mostly in 40s, some 30s in mountains. South Carolina and North Carolina expect near normal temperatures Saturday to Wednesday with upper 50s to 60s and 40s at night. Precipitation total about half to three quarters inches with a chance of light rain on Sunday and Monday.
MENTIONED IN THIS ARTICLE
North Carolina
Virginia
Georgia
North Portion
South Carolina
New York Stock Index at Noon On Exchange
The New York stock index at noon showed mixed activity with gains in some sectors and declines in others as traders assessed developments on the financial market. Prices across major industrial issues fluctuated with trading volume modest for the time of day.
MENTIONED IN THIS ARTICLE
MobilOil
Eeuve Mohasco
NEW York
Airl
Wytens
Ie Exchange
MontVerd
Aerojet
Ajax Ma
Atlasc
Toes Bey
Barnes Eng
BrazilLtPw
Brit Pet
Crown Cork
Campbeli
Chile
NatLeed
Eas Curtis Cudahy Co Pub
Nat Steel
Ava Cinerame
Nor Pac
Fermont Ol
NoStaPw
Frontier Air
DetEdis
Great Yel
NwstAirt
Disney
Norton
Norwich
Mae
Occident
Kaiser Ind Islam Corp
Ye Olinmat
Mam — Omark
McCrory
East Air
EatonYa
Ovens
NewPark
Velyan Pat
Eevee Eipasong
Eve
Pac Pet
Wigcurry
Pacpwl
Signalolla
Pactat
Statham Inst
Panassul
Syntex Cp
ErieLeck
Technical WeNuck
Feapett
Phil Rog
Va Flintkote
Fie
Phill Pet
Abbott Lab
Iman
Gem Sko
AirRegin
GenPrec
Bosch
Roanse
Gerber
Rohr Cp
Rydersys
Yel Global
Goodyr
GraceCo
Smett
T&t
Sears Roele
AMP Inc
ArchDan
St Oilind
Baltge
Fas
idahoPw
Ideal Basic
Steri
BechAire Ib
I Cent
SiMe Si Si
Sun Oil Ib
VM Bell How
Imp Co Am
Sunray
Bendix
ingerRand
Vift Co
BenefFin
Insnam
Fot Beth Sti
InterikSt
Miner
Tenneco
Texas
A Jewel Co
John Jin John Man
Ste
Jones
Wreneiven
Kaiser al
E Trw Inc
Arter Cp
KimbCik
Union Pacif
UnitAirLin
Kroger
UnitAirc
Cpse
Lear Sieg
Arysier
Lonescem
Lonesg
Ces
Jb Holt
ComiCre
Steers
VaEiPw
ComSolv
Lukens
O&mw
Wat
Wn Banc
Wnutel
WestgEl
Whirl
WinnDix
X— Mead Cp
MGM
The
Associated Press
Novotny fires two Czech officials amid reform push
President Antonin Novotny dismissed Interior Minister Jan Kudrna and State Attorney Gen. Jan Bartusek over a defection scandal linked to Maj. Gen. Jan Sejna. Deputy Defense Minister Vladimir Janko, tied to the case, reportedly killed himself after cabinet talks. The moves follow pressure from the liberal leadership and anti-Novotny party factions.
MENTIONED IN THIS ARTICLE
Novetny
Jan Kudrna
Secret
Jan Bartusek
Deat
National Assembly
Bohumir Lastovicka
Kudrna
Bartusek
Jan Sejna
United States
Vladimir Janko
Prague
Mlada Fronta
Janko
Greek referendum planned to restore parliamentary rule
Athens reports Sept 1 referendum on a new constitution that would shrink Parliament and keep royal prerogative. The draft preserves the monarchs power to name premiers and dissolve Parliament, with royal decree power for senior military posts after defense staff advice. King Constantine remains in exile in Rome, a regent handles royal duties.
MENTIONED IN THIS ARTICLE
Athens
I Aleave Roy
Loka Shieh
Supreme National Defense Staff
Greece
Constantine
Rome
U.S. Reports Losses Of 2007 Planes And 1480 Helicopters
The U S Command announced 2007 airplanes and 1480 helicopters lost in Vietnam war from enemy fire accidents and other causes. They note 809 combat planes downed since February 1965 with most losses in Laos Tonkin Gulf and South Vietnam reporting 593 enemy fire deaths and 960 nonhostile losses. Helicopters total include nine shot down over North Vietnam during rescue missions and 584 downed in South Vietnam along with 887 nonhostile losses.
MENTIONED IN THIS ARTICLE
Saigon
U. S
North Vietnam
North
Laos
Tonkin Gulf
South Vietnam
Bu Seuen
Insurance Hearing Delayed As New Evidence Debated
North Carolina Insurance Commissioner Ed Lanier may present new evidence at the reopened auto liability rate hearing. The dispute centers on a safe driver reward plan effective April 1 and whether the court order allows adding new evidence. Arch Allen argued adding new proof could prolong the case and prompt higher rates.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
Ed Lanier
Lanier
Arch Allen
Rate Office
Godwin
Allen
Parachute Storage Area Burns at Fort Bragg
A large parachute storage warehouse at Fort Bragg burned late Thursday night causing an estimated two million dollars in losses. The 612th Quartermaster unit of the 12th Support Brigade housed personnel and cargo chutes, Jeeps, and trucks. no Viet Nam bound parachutes were lost. No injuries were reported and the cause was not immediately known.
MENTIONED IN THIS ARTICLE
FT. Bragg
N.C
Ft. B
18Th Airborne Corps
Vietnam
82Nd Airborne Penn
Kennedy Says He Cannot Support Johnson for Nomination
Robert F. Kennedy told the Times he cannot back President Johnson and may run or help a candidate. Aides said he would decide in a few days whether to enter the Oregon or California primaries and pursue a campaign, with cooperation possible with Eugene McCarthy.
MENTIONED IN THIS ARTICLE
Washington
Robert F. Kennedy
Johnson
Read York Times
Toy
New York
Oregon
Ornia
Tom Wicker
Times
Wicker
Kennedy
Personal
Sen. EU
Photographic officer nicknamed Flash at Hill Air Force Base
At Hill Air Force Base Utah 1st Lt Jan P Camera of Lorrain Ohio offers comic remarks about the base photographic division and explains a nickname Flash as he engages in lighthearted conversations with callers.
Capital Punishment Opponents Urged For Death Case Jurors
Major Protestant and Jewish groups urge jurors in death cases be disqualified to avoid hanging juries. They argue the death penalty is unnecessary and cite about 400 inmates on death row.
MENTIONED IN THIS ARTICLE
Washington
Chicago
Casel al
Friends Service Committee
Council For
Chris
Tian Social Action
United Church of Christ
General Board of Christian Social Concerns
The
Methodist Church
United Presbyterian Church
United States
Union of American Hebrew Actions
Central Conference of American Rabbis
Commission On Social Action of
Reform Judaism
Why gold price and currency trust sway postwar policy
The piece discusses the $35 an ounce gold price as the dollar anchor since 1934 and explores whether raising it could revive confidence and stimulate growth. It notes hoarders and speculators buying gold, calls for tax hikes to curb gold flows, and explains how deficits and postwar finance drive gold outflows as foreigners cash in dollars.
MENTIONED IN THIS ARTICLE
Poe
Congress
Britain
International Monetary World
France
United States
Eestry
U.S
Also Mentioned on This Page
Stock Market Report
American Exchange
NEW York L— Exchange
Senes Licen
Atewee
NEW York ‘Stock Index
Novotny
Hanns Neuerbourg
Antonin Eee
Hin Ace
N. C. Automobile Rate Administrative Office
Superior Court
Pilston Godwin
Gene J. McCarthy
Minnesota
New Hampshire
McCarthy
the Times
By Barry Schweid
Lewis
N. Mei
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