Market Dims Amid Rising Rates on Sluggish NYSE Day
The noon Dow fell 2.35 to 873.12 as investors faced higher short term rates. NYSE and Amex saw weak trading with many issues down. Federal National Mortgage led the day’s activity while General Electric and Polaroid showed notable moves amid mixed earnings cues.
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New York
New York Stock Exchange
Federal National Mortgage
American Stock Exchange
General Electric
Polaroid
Eastman Kodak
Kodak
Airline
Amex
International
NYSE
Dividend footnotes in American Exchange Sales figures
Unofficial figures note that dividend rates shown are annual disbursements based on last declarations. Footnotes identify special or extra payments and various conditions such as liquidating dividends and stock dividends, plus implications for ex rights and warrants.
North Carolina debates state mortgage and loans bill
The Senate discussed a plan to issue mortgages via regular banks and have the state insure or buy them if needed. Republicans opposed, joined by Sen. Herman Moore who warned of potential losses due to lack of expertise. The Senate also approved a consumer loan rules bill raising principals from 900 to 1500 and setting rates, plus a measure to locate the new state art museum in downtown Raleigh.
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Senate
Herman Moore
Mecklenburg
H. M. Michaux
Durham
House
Brooks report sparks clash over presidential homes spending
Brooks cites 17 million dollars in costs for the Presidents homes and other properties, while White House aide Ken W. Clawson accuses him of partisanship. The GAO study found under 10 percent of Brooks cited funds spent on the homes and 97 percent spent appropriately.
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Brooks
Ken W. Clawson
White House
General Accounting Office
GAO
Congress
High Point Enterprise Advertising and Subscription Rates
Publication details for The High Point Enterprise include pricing for daily and Sunday home delivery and Sunday only subscriptions, with rates by mail and carrier, plus a note on AP entitlement and postal details. The notice lists address, advertising reps, and subscription terms.
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High Point Enterprise
High Point Enterprise, Inc
Church Avenue
High Point
N.C
Associated Press
AP News
Ward-Griffith Company
National Advertising Representatives
Woods Faces Subpoena Before Watergate Committee
Rose Mary Woods Nixon's private secretary fails to dodge a Senate Watergate subpoena and appears as the panel grills C. G. Rebozo. Questions focus on a $100,000 Hughes payment linked to Hughes Las Vegas interests and possible antitrust actions.
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Washington
Rose Mary Woods
Nixon
Senate Watergate Committee
C. G
Rebe
Rebozo
Florida
Miss Woods
Howard Hughes
Hughes
Las Vegas
Revson Dies After Kyalami F1 Crash
American driver Peter Revson 35 from New York and Redondo Beach died en route to hospital after his UOP Shadow burst into flames at the Kyalami Circuit during a test run for the South African Grand Prix. He was badly burned after passing the Crowthorne Corner on the main straight.
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Johannesburg
South Africa
Peter Revson
Kyalami
New York
Redondo Beach
Calif
Revson
Crowthorne
Johannesburg General Hospital
South African Press Association
Hostages Released At Federal Prison In New York
Three accused bank robbers who seized guards at the Federal House of Detention in Manhattan released four captives after a promise of amnesty during night negotiations. Warden Gengler said the breakout failed and that seven guards were held, with three escaping. no injuries or property damage were reported.
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New York
Federal House of Detention
Lower Manhattan
Louis J. Gengler
Gustave Weiss
U.S
Curran
Ernest Moore
John Boston
Stephen Chin
FBI
Hudson River
West 11Th Street
Food Prices Jump 3 1 Percent in February
Washington AP reports the annual cost of a market basket of U S farm groceries rose 3.1 percent from January to February,amounting to about $1 a week per household. The February basket cost $1,732 for a 3.2 person family, with the January figure at $1,680.
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Washington
U.S
Bureau of Labor Statistics
Agriculture Department
Nixon
North Carolina moves on rate test period and museum site
The legislature tentatively approved a plan enabling a 12 month test period for rate cases using future plant values, with support from Sen. Eddie Knox and Rep. Sam Johnson. Opponents warned it could raise consumer risk while supporters said it brings stability. Other actions include a tax cut for the soft drink industry and a bid to place a new state art museum in downtown Raleigh amid a stalled effort.
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North Carolina Utilities Commission
Eddie Knox
D-Mecklenburg
Sam Johnson
Drake
Senate
Johnson
House
Federal Power Commission
Herbert Hyde
D-Buncombe
Hyde
North Carolina
Foyle Hightower
Danson
The
Utilities Commission
Joy Johnson
D-Robeson
Chris Barker
Dcraven
Dan Lilley
D-Lenoir
Raleigh
Building Commission
House State Government Committee
Dancer Panov Targeted by Mother-in-Law in Russia
Valery Panov and his wife Galina, both dancers at Leningrad's Kirov Ballet, faced state and family obstacles after Panov's mother in law denounced him as a mercenary Jew in Sovetskaya Kultura. She refused to permit their emigration to Israel and criticized Panov's family ties as anti Semitic pressure grew.
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Moscow
Valery Panov
Israel
Shulman
Panov
Leningrad
Kirov Ballet
Galina
Family trio killed in Morganton I-40 crash
Davie Eberenze, 33, his wife Diane 25 and their 2 year old son Michael David died when their car struck a bridge abutment on I-40 near Morganton North Carolina. The family lived on Rt. 6 Morganton and Eberenze worked in a local textile plant.
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Morganton, N.C
Morganton-area
Morganton
Davie E. Eberenze
Diane
Michael David
Rt. 6
Pope Redefines Mary's Image in New Exhortation
Pope Paul VI calls Mary the new woman active in early church life and defender of the weak. He notes Mary as a model for modern women participating in decision making and stresses Mary’s role in strengthening the apostolic community. He links Mary devotion with Orthodox and Anglican ties while urging unity among Christians.
MENTIONED IN THIS ARTICLE
Vatican City
Paul VI
Mary of Nazareth
Mary
God
Christ
Paul
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