Stock market dips after prime rate hits 11 percent
New York AP reports the prime lending rate for corporate loans rising to a record 11 percent drags down stocks. Dow Jones falls 3.44 to 862.33 at noon, NYSE shows even advancers and declines, and Amex market index edges up. Major factor is rate hike as investors move to securities. American Medicorp gains 4 to 22 1/2 while Consolidated Edison slides on bankruptcy talks. INA jumps after saying it will not pursue Avis deal.
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NEW York
New York Stock Exchange
Big ‘Board
American Stock Exchange
Monte Gordon
Dreyfus 3Corp
American Medicorp
Consolidated Edison
New
Wall Street ‘Journal
INA Corp
Avis
NYSE Noon Prices Report From Daily Listings
New York Stock Exchange noon prices show a wide range of securities with fluctuating last values and changes. The list includes numerous named issues such as AirLine, AllisChalmers, Amex, AT&T and Boeing among others, reflecting broad market activity and varying performance across sectors.
Dow Jones Dividend Footnotes And Exdividend Codes
The page explains that U S stock sales figures are unofficial and dividend rates shown are annual disbursements based on quarterly or semi annual declarations. It lists footnote letters and meanings for special or extra dividends, stock dividends, liquidating dividends, dates of declaration and payment, ex dividend and other corporate actions.
American Stock Exchange picks loan prices in New York
The American Stock Exchange in New York announced selected loan pricing amid market moves. Officials indicated price levels reflect current borrowing costs and demand across sectors.
Teen decapitation case heads to May 20 hearing
In Houston a judge set May 20 for a hearing to decide if a 15 year old accused of decapitating a younger boy should be tried as an adult. The youth faces murder or delinquent conduct charges after bodies of Kenneth Elliott 11 and Ronald Elliott 12 were found near their Harris County home, both mutilated. The case follows new Texas family code rules restricting names and details.
MENTIONED IN THIS ARTICLE
Houston
Geraldine Tennant
Kenneth Anthony Elliott
Ronald Lynn Elliott
Kenneth
Harris County
Navy
Jack Heard
Elliott
Pressure mounts on Nixon amid calls for resignation
A flurry of comments from Republicans and Democrats follows White House transcripts. Nelson Rockefeller argues for constitutional process while Nixon faces impeachment talks. Polls show a majority foresee guilt, with Strauss declaring Nixon credibility gone. Other senators urge resignation or cautious scrutiny as party leaders weigh next steps.
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Richard S. Schweiker
Kansas City
Rockefeller
United States
Rhodes
Nixon
Republican Party
Conable
Afternoon Star
Morning Times
Cleveland Plain Dealer
Los Angeles Times
Harris
Democratic Party
Robert Strauss
White House
Corporate leaders say Nixon tapes hurt his chances
A dozen top corporate executives at the Business Council meeting in Hot Springs say the Watergate transcripts damaged Nixon’s chances of staying in office. Most expect impeachment and urge completing the impeachment trial. Only two refused to comment on the president’s problems from the tapes.
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R. Gregory Nokes
Associated Press
Hot Springs
Business Council
White House
Nixon
House
Senate
Richard C. Gerstenberg
General Motors Corp
Edgar F. Kaiser
Kaiser ‘Industries Corp
G. William Miller
Textron Inc
Donald M. Kendall
PepsiCo Inc
David Packard
Hewlett-Packard Co
Watergate probes push impeachment path and facts linked
House committee leaders and Republican member debate grounds for impeachment as three more closed Watergate sessions set next week. Nixon aides acknowledge links to later revelations, while Senate inquiry targets loans to Rebozo and subpoenas Haig as executive privilege faces challenge.
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John Conyers
Dmich
Don Edwards
Dcalif
Peter J. Rodine Jr
D-N.j
House
Nixon
Rodine
Edward Hutchinson
London
Senate Watergate Committee
Tricia
C. G
Bebe
Rebozo
William Frates
Tricia Nixon Cox
Watergate Committee
White House
Alexander M. Haig Jr
Sam J. Ervin Jr
R-N.c
Scott condemns low turnout at North Carolina primary
Former North Carolina Governor Bob Scott voiced shock at the appallingly low voter turnout in the state’s primary. Speaking at North Carolina State University, he linked apathy to Watergate, urged action, and said agriculture remains a crucial field as graduates enter the profession at a pivotal time.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
Bob Scott
Scott
Agricultural Institute
North Carolina State University
North Carolina Agribusiness Council
Mother and Daughters Slain Then Home Explodes
Bloomfield New Jersey investigators report a mother Patricia Hawley 31 and her daughters Linda 4 and Jennifer 17 months were bludgeoned to death around six hours before a subsequent explosion and fire at their two family home. Autopsies show skull fractures. a suspect has been named but no arrest. Pamela 5 in critical condition with skull fractures. Landlord Sidney Selip 59 in critical condition from burns. Authorities call it triple homicide and attempted homicide. A 15 inch steel chisel was found in the laundry room as the suspected murder weapon.
MENTIONED IN THIS ARTICLE
Bloomfield
N.J
Patricia Ann Hawley
Linda
Jennifer
Essex County
Edward Murray
Robert Hawley
Pamela
Sidney Selip
Daniel Chiarello
Joseph P. Lordi
Lordi
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