Market rises on upbeat corporate news led by GM layoff cut
The noon Dow gained 6.96 to 879.30 as investors cheered optimistic reports from major companies. GM said it would cancel 27,000 planned layoffs, boosting its shares about 1 percent to 53. Union Carbide lifted to 38 after raising its first quarter earnings estimate, while General Electric climbed to 64.44 on expected quarterly profit gains. Polaroid plunged 6.5 percent to 73 amid delayed opening due to a balance of orders. Eastman Kodak rose 2 percent to on the Big Board, and Amex volume leader Texas International edged up to 1.36.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
General Motors
Union Carbide
General Electric
American Stock Exchange
Eastman Kodak
Its
Polaroid
Amex
Texas International
New York Exchange Closes Mix Despite Stocks Rally
The New York Stock Exchange posted mixed prices as traders watched advancing and declining issues. Traders noted gains in utilities and industrials while technology shares lagged, with a broad index showing modest overall movement amid thin afternoon trading.
Dividend terminology and classification list
A compact glossary of dividend terms used in financial reporting including arrears issues paid this year omitted or deferred actions at dividend meetings and related notations such as ex-dividend ex-rights without warrants and next day delivery, with references to stock and cash values and bankruptcy or foreign tax considerations.
Over-The-Counter Quotations From NASD Inter Dealer Market
Quotations as of about 11 a.m. show inter dealer prices for various stocks and firms. Prices exclude retail markup, markdown, or commissions and reflect High Point office data from E. F. Hutton & Co. Inc. Companies listed include Coca Cola Bottling, Atlantic, Bassett Furniture, Coca Cola Bottling Confection, NCNB Corp, Piedmont Aviation, Publ. Serv. of N.C., and others with bid and ask figures in fractions.
MENTIONED IN THIS ARTICLE
High Point
E. F. Hutton & Co. Inc
ASK Amer. Furn
Anheuser-Busch
Atlantic Pepsie
Bassett Furn
Bluefield
Cameron Fin. Corp
Chatham Mfg
Coca Cola Bth
Daniel Indcom
Dmndhd Corp
Henredon
Hickory Furn
J. B. Ivey
Lane
Life of Care
Ncnb Corp
N. C. Nat. Gas
Wstra Inv.Com
Bank Debits Rise in Most NC Cities in February
Charlotte AP report notes February bank debits the value of checks, a proxy for business activity, rose in nine of 11 North Carolina cities from a year earlier. Kinston led gains at 112 percent, while Raleigh increased 55 percent.
MENTIONED IN THIS ARTICLE
Charlotte
North Carolina
Federal Reserve Bank
Kinston
Raleigh
Bus Strike Settlement Reached in North Carolina
RALEIGH AP. Lester Creech president of Carolina Coach Co says the bus company and the Amalgamated Transit Union reached a settlement after more than three months on a strike. The agreement will be submitted to drivers for ratification with service to be restored quickly after approval. Wages were the central unsettled issue during bargaining. The company operates in North Carolina Virginia Maryland and part of Delaware.
MENTIONED IN THIS ARTICLE
Raleigh, N.C
Ap) IH
Lester Creech
Carolina Coach Co
Amalgamated Transit Union
Creech
North Carolina
Virginia
Maryland
Delaware
Court urged to block release of Watergate grand jury report
Attorneys for Haldeman and Strachan asked the appeals court to stop Sirica from sending the sealed grand jury report to the House Judiciary Committee. Jaworski opposed the delay. Sirica refused and set 4 p.m. to allow appeals, with the report already delivered to him March 1 along with evidence. under pressure, the judge ordered it sent to the House Monday while a Senate study urged impeachment processes for presidents.
MENTIONED IN THIS ARTICLE
John J. Wilson
Frank Strickler
H. R. Haldeman
John Bray
Gordon Strachan
White House
Appeals Court
Sirica
House Judiciary Committee
Haldeman
Strachan
Watergate
House
Legislative Branch
Senate Watergate Committee
Congress
Electoral reform clashes with Democratic leadership in Congress
The text outlines Democratic campaign finance links with unions like AFL-CIO and donations to senatorial candidates. It notes Common Cause advocacy for public financing and its Nixon era disclosure suit, while claiming leadership in Congress under Wayne Hays delays electoral reform efforts.
MENTIONED IN THIS ARTICLE
Cratic House
National
Afl-Cio Committee On
Common Cause
Nixon
Congress
Wayne Hays
House Administration Committee
Wage Bill Expands Overtime to Millions of Workers
The proposal would extend overtime protections to 9.5 million workers including government staff other than police and fire, and set a $2 wage level for chain stores. It does not include a universal low minimum wage for youths, but allows full time students to work part-time at $1.60 per hour up to 20 hours weekly under rules preventing displacement of adults.
Juror Illness Delays John Dean Testimony
The trial of former Attorney General John N. Mitchell and ex-Commerce Secretary Maurice H. Stans recessed due to a juror’s illness Violet Humbert was hospitalized and unavailable earlier in the day The proceedings paused until after the weekend with six alternates available Dean, expected to testify, had been in the building but did not appear as Casey’s testimony linked to Vesco case was presented The Nixon era figures face charges over seeking to head off an SEC complaint in exchange for Vesco’s political contribution
MENTIONED IN THIS ARTICLE
New York
Atty
John N. Mitchell
Commerce
Maurice H. Stans
Lee P. Gagliardi
Violet Humbert
Dean
White House
Robert L. Vesco
Mitchell
Stans
SEC
Vesco
Nixon
Casey
Walter Bonner
Electric Rate Hike Approved by City Council
City Council approved a rate increase to align with Duke Power Co. levels after a lengthy debate. The hike reflects fuel escalation costs authorized for Duke by the North Carolina Utilities Commission. Two council members named Rachel Gray and Henry were noted in the discussion.
MENTIONED IN THIS ARTICLE
Duke Power Co
Duke
N.C. Utilities Commission
Rachel Gray
Henry
Shavitz
Gray
Duke's
Rape Victim Identification Bill Killed in North Carolina
The House Judiciary Committee overwhelmingly killed a Senate passed bill that would have barred newspapers and broadcasts from identifying alleged rape victims. Rep Lane Brown led the motion against the bill, while Rep Fred Hutchins offered an amendment to shield alleged rapists as well. Some members argued the measure violated freedom of the press, but sponsor Sen Mills insisted constitutional backing existed.
MENTIONED IN THIS ARTICLE
Raleigh
House
Judiciary Committee
Senate
Lane Brown
Dst
Fred. 5
Hutchins
Forsyth
Brown
W.D. Mills
D-Onslow
Mills
Royal attack on princess echoes 1936 threat
Royal party including Princess Anne escaped a shooting on the Mall as a Ford forced the limousine to halt. Chauffeur Alex Callender and Inspector Beaton were wounded, a bystander and journalist shot, and police arrived to rescue the royal party. Anne, Rowena Brassey and Capt Phillips remained inside the car. The royal family is on a state visit to Indonesia with Charles near the United States.
MENTIONED IN THIS ARTICLE
Edwards
Edward VIII
Ford
Palace
Alex Callender
Inspector Beaton
Beaton
Tek
Michael Hills
Brian McConnell
Hills
Anne
Rowena Brassey
Phillips
Indonesia
Prince Charles
Jupiter
United States
Charles
Prince Andrew
Prince Edward
Republicans clash over Watergate inquiry powers
On the Watergate matter Republicans on the committee reject broad access and argue the panel has a constitutional duty to conduct the inquiry. Edward Hutchinson says he questions others' judgments of relevancy while Nixon delays. Doar seeks time to review over 700 documents and 19 tapes already provided. Sirica’s order to yield the grand jury material could take effect today. St Clair seeks a seat on the impeachment panel to cross examine witnesses, a move that splits GOP and Dems.
MENTIONED IN THIS ARTICLE
Edward Hutchinson
Rmich
GOP
Nixon
John Doar
Watergate Grand Jury
Doar
Grand Jury
John Sirica
Sirica
Court of Appeals
St. Clair
Thurmond Fathers Third Child
Strom Thurmond and his wife welcomed a daughter born Wednesday night at Self Memorial Hospital in Greenwood. The 7 pound 1 ounce baby is Thurmond’s third child. the family also has two older children, Nancy Moore and J Strom Jr.
MENTIONED IN THIS ARTICLE
Greenwood
S.C
Strom
Thurmond
Nancy Moore
Also Mentioned on This Page
Stock Market Report
High Point Enterprise
High Point Enterprise, Inc
Church Avenue
N.C
Associated Press
Cartier Wkly
New York Stork Exchange
Ava
Addisso
Admiral
Airco
AtlegCp
AmAirin
Hercules
Trans WaAir
Dima
HoffEldra
Teansam
Amicus
Beecai
Bendixta
BentiCpt
Ava Beinsr
Boeing
KimbCliad
Bordenl
BroWarias
Phighsha
LockhdAire
Cort DJ
CaroPwisd G
Ye Conceivia
CarrCp
Tee
Eencoine
Taracow
Lykes
NMM
Rity Ie
Pyere. Mocke
Yassa
McDonalds
McDonado
Reion Howmel
Idaho
AMP Inc
idealBasic
AmpexCorp
Rabid
Armsickos
Dave Azza
InNick
Voepwis
Bauschl
JonLay
Jostens
Wachova
Jaynalg Hao
P KaisAlu
NatCanids
Ncoshr
Ate
Ratoniss
IBM Norlkwns
Va Norris
AP News
Ward-Griffith Company
National Advertising Representatives
Wa Whittaker
Innebayo
Cessna
Omarkaes
Ie Exchange
Comsat
Cn Conardsi
Bath PacPwi
Fia
AirLin
Stade Yi
Crue
Coopind
Pennzoil
CampChibe
PepsiCol
Va Cinerama Cpc
Pfizer
Ie Creale
CrouHin
Ae CrownCork
PhilaEltos
DataRontrl
CrZell Loo
PhilMorl
Dillardst
PhillPell
Pineyb. Ie
FrontierAir
DeltaAir
Dressers
Ralsian P.B
Ranco
duPonts
RapidAmi
Nak H Dughl
Raymen
Detronkind
EastAirLine
Bandate
o+ Ve Kaist
LalayRadio
LoewThewt
Rockwlinke
Royccol
Medenco
irCam
Roy
Fairind
Rydersy
Weisis
NewparkRs
dSe
Firestone
SandrsAsso
NorCdn
Gilsath Coe
EstChar
Sfe
Ini
Sabet
Ys Gannett
SonyCp
Kte
GenDynamo
Valspar
Va Sperryr
Wilshro
Theassocited
GlobalmMar
Va Stevens JP
Graniw
Tektronx
A.P. Stock
Dow-Jone
Eevneees
John Dean
Mr. Casey
Maurice Stans
Import Bank
ROYAL
Rhodes
Thurmond Fathers
Kemper
Hoh
C. Pierce
Wochael H. Smith
High Point Bank and Trust Insurance Department
S. Main Street
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