Dow Falls as Banks Boost Prime Rate in Tight Money Market
The stock market slid further with the Dow off 3.42 at 900.86 at noon as banks raised prime rates to 7 1/2 percent from 7 percent. Traders noted no strong news and warned of possible Fed rate moves amid cautious investor sentiment. The AP 60 average dropped 1.4 to 329.3 with declines across industrials rails and utilities.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Associated Press
Aind
Ind. Util. Fon. L
Indus
Dividend Footnotes Clarify Unofficial Sales Figures
The document notes that reported sales figures are unofficial and explains that dividend rates shown reflect annual disbursements based on the last quarterly or semiannual declaration. A long list of footnote codes details special dividends, stock options, liquidations, and various distribution timing and status conditions.
Forecast for South Carolina North Carolina and Virginia and Georgia
Forecast shows cooler tonight with fair to partly cloudy skies across the region. Temperatures dip to 30s in the north and 40s to 50s elsewhere, with warmer Tuesday along with variable clouds and possible rain along the south coast. Rain totals midweek may reach three quarters of an inch in some areas.
MENTIONED IN THIS ARTICLE
South Carolina
North Carolina
Virginia
Georgia
DECA Elects 1969 Officers in North Carolina
North Carolina DECA elected John Wesley Stone of Jacksonville as president with Herman Funderburk of Albemarle as vice president Sharon Davis of Seventy-First as secretary treasurer Leigh Wheeler of Rocky Mount as parliamentarian and Michael Brinkley of East Rowan High as historian The 1969 NC membership reached 10 907 the second highest in the nation.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
Distributive Education Clubs of America
John Wesley Stone
Jacksonville
Herman Funderburk
Albemarle
Sharon Davis
Seventy First
Leigh Wheeler
Rocky Mount
Michael Brinkley
East Rowan Senior High
DECA
Nine traffic deaths sweep North Carolina this weekend
The North Carolina Highway Patrol reports at least nine fatalities on weekend highways, bringing the year total to 287, with victims in Albemarle, Bolton, Roxboro, Salisbury, Sanford, Edenton, and Pink Hill. Fatal crashes involved driver fatigue, wrong side driving, and a missed stop.
MENTIONED IN THIS ARTICLE
North Caroline
Albemarle
State Highway Patrol
Hugh E. Alman
Rt. 4
N.C. 24
Marvin H. Morton
Neil H. Morton
F. O. Myrick
Edenton
N.C. 37
Highway Patrol
Australian Woman Stranded Near Lansing N Carolina
Patricia Hinks, a Melbourne woman, called from a settlement near Lansing in North Carolina claiming she and her three month old son Sean are stranded without money. She accused her American husband Bob Hinks of trying to take the child away, while noting no local aid is available. Her mother, Mrs. Currie, said the couple had met in Vancouver and wed in New York. Hinks is an Army Reserve major.
MENTIONED IN THIS ARTICLE
Patricia Hinks
Lansing
North Carolina
Hinks
Melbourne
Harold Currie
Bob Hints
Sean
Bob
New York
Raleigh desegregation plan blocked by HEW review board
A three member HEW panel overruled a Raleigh North Carolina school desegregation plan noting it fails to take affirmative steps to end segregated education. The case returns to the hearing examiner to assess desegregation progress with final decision by Secretary Robert Finch. The ruling does not affect federal aid eligibility.
MENTIONED IN THIS ARTICLE
Raleigh
HEW
Washington
N.C
Review
Review Authority
Secretary of Welfare
Robert H. Finch
Ellis buys controlling stake in The Mecklenburg Times
Paul F. Ellis said he purchased controlling interest in The Mecklenburg Times of Charlotte from W. Garland Atkins. General Publishing Co. Inc. also publishes the Belmont Banner Mount Holly News and the Bessemer City Record. Ellis will remain editor and publisher and the paper will publish Mondays Wednesdays and Fridays with Friday edition enlarged to include Mecklenburg County community news.
MENTIONED IN THIS ARTICLE
Charlotte
Paul F
Pete) Ellis
Mecklenburg Times
W. Garland Atkins
General Publishing Co. Inc
Belmont
General Publishing
Belmont Banner
Mount Holly News
Bessemer City Record
Ellis
the Times
Mecklenburg County
UNC Professor Receives Alfred Sloan Fellowship
Dr. Maurice M. Bursey of the University of North Carolina chemistry department has been awarded a $17,500 Sloan Foundation fellowship. Funds disbursed over two years will support basic research as the foundation aids young scientists early in their academic careers.
MENTIONED IN THIS ARTICLE
Chapel Hill
Maurice M. Bursey
University of North Carolina
Alfred P. Sloan Foundation
Sloan Foundation
Baptist minister backs removing God acknowledgment clause in NC constitution
Rev. W. W. Finlator urged church leadership to spearhead efforts to strike from the North Carolina Constitution a provision requiring officeholders to affirm the being of almighty God. He argued the clause conflicts with federal church state separation.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
God
W. W. Finlater
Finlator
Government declares 3 days mourning after air disaster
President Rafael Caldera sent a condolence message to the nation as Venezuela mourns an air disaster. The Pan American jet crash near Caracas last December killed 51 people, marking the country’s deadliest commercial air accident to date.
MENTIONED IN THIS ARTICLE
Rafael Caldera
Venezuela
Pan American Airways
Caracas
Fires spread across two blocks on weekend
Firemen answered several alarms Sunday and Saturday with quick responses. A wiring short at Sarah Rogers’s Cliffside Street home was checked, and a car fire on Oak Street was put out. A Saturday evening blaze at Andrew Little’s Loflin Street residence started when a wall stud near a hot fireplace overheated, damaging the ceiling but the house was saved.
MENTIONED IN THIS ARTICLE
Sarah Rogers
Cliffside Street
Oak Street
Andrew Little
Loflin Street
How Hat Was Named Fedora Origin Story
The casual felt hat known as a fedora was named for the feminine lead in Sardou's 19th century play Fedora. Though women popularized the style, Princess Fedora, the men later adopted the design and adapted it for wear.
MENTIONED IN THIS ARTICLE
Sardou
Princess Fedora
Americans Celebrate St Patrick s Day Parade Across Cities
Thousands join the St Patrick s Day events in Dublin and New York with 27 000 marchers in 161 bands while Chicago lights the river green. Albany heads a 200 strong U S contingent and Ireland s leaders pledge reunification efforts amid calls for attention to Northern Ireland.
MENTIONED IN THIS ARTICLE
Dublin
New York
Savannah
Order of Hibernians
Emerald Isle
Bobby Shriver
Maria
Northern Ireland
Chicago
Richard J. Daley
William Jones
Waterford
Ireland
State Street
Daley
Directors OK Proposed Merger Between Two Banks
Directors of First National Bank of Eastern North Carolina and Home Bank & Trust Co. of Hendersonville have approved a proposed merger. First National, headquartered in Jacksonville, holds assets over 90 million dollars, while Home Bank’s assets total 3.8 million.
MENTIONED IN THIS ARTICLE
Raleigh
First National Bank
Eastern North Carolina
Home Bank & Trust Co
Hendersonville
First National
Jacksonville
Home Bank
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Business and Financial News Stock Market Report
By Phil Thomas
AP Business Writer
NEW York — Exchange
Con Foods
CrouseHin
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C Somal Cae Dan Riv
DaycoCo
Ve Day PL
Am Deere Co
del Mnte
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Denrgr
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Det Stee
DiaSham
Disney
DomeMin
Dressind
Duke Pw
duPont
East Air
Endronhn
Ethyl Cp
Evans P
Eversharp
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Fairch Hiller
Fansteer Inc
Feddstr
FiaPw&t
FoodFair Fmc Cp
Formck
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Gannett
Abbott Lab
GenDynam
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Gillette
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Fire
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Grace Co
Gt A&p
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AmcCyan
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Greyhound
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Harris Int
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Here Inc
AMK Cp
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Armco Stig
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Interikst
IBM
Beckman
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JonnsMan Wi
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Brist My
I Jones
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al Il Caroplt
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Lockhola
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LoewsThe
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Macy RH
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Marcor Inc
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Va Om P
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Pacpwl
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PennCen
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PaPwLt
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Allman
Ve Ralston
Eeeee Ranco Inc
Raytheon
Reading Co
ReichCh
RepubSt
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Rohr Cp
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Schering
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SCM Cp
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TimesMir
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WinnDix
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Barnes Eng
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Campbi
Chile
Va Equit Cp
Fed Resrees
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Ma Goldfield Gt Basn Pet
Hoerner
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Corp
Kaiser Ind
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YW _ RIC Group
Saxo Indust
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Statham Inst
Syntex Co
Technic
A.P. Stock
Dow-Jones
THE
Edward McDonald Vaughn
N.C. 211
Bolton
Vaughn
Jamie Eastwood
Roxboro
Michael Grady Koonce
Rt. 9
Salisbury
Louis Max Yarborough
Rt. 1
Broadway
Sanford
Gary Bass
Pink Hill
Lenoir County
Australia
Department of Health, Education and Welfare
Camembert
Kiddo
UNC
Grogan’s
South
Boston
Directors Okay
Bob L. Parrish
C.L.A
J. Sturgis May & CO
North Carolina Bank
High Point
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