Market drift cushions stocks amid higher rate fears
Trading was light on the New York Stock Exchange as investors kept to the sidelines. The noon Dow Jones average fell 1.49 to 922.01 as gains and losses were fairly balanced among leaders. News pointed to higher short-term interest rates and a potential rise in the bank prime rate, while durable goods orders declined 2 percent to 31.1 billion.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Commerce Department
IBM
Polaroid
Xerox
Jones & Laughlin
Republic Steel
U.S. Steel
Bethlehem Steel
Associated Press
Amex
Alamera Oil
Forest Laboratories
Levin-Townsend
Marley Co
Terminal Hudson
Arctic Enterprises
PhD and
Flight Safety
New York Exchange Price Report and Dividend Codes
NYSE listed stocks with prices, volumes and latest trades. Includes dividend status codes for ex rights and ex dividend plus stock dividend indicators and a dense table of multiples, prices and percent changes across many blue chips.
A P Stock Averages Reported by The Associated Press
The Associated Press stock averages show current values, changes from the previous day, and week to date for notable indices. Readouts include rail and utilities categories with their noon figures, daily net changes, and year ago comparisons, alongside high and low marks for 1970 and 1971 periods.
MENTIONED IN THIS ARTICLE
Ue Stanaiatee Press
Rails Ind
Util
Dow Jones Averages Mixed as Stocks Dip and Rebound
The report shows mixed movement in Dow Jones Averages with slight declines in utilities and bonds, while rails and industrials exhibit modest changes. Data lines indicate broad activity across sectors including higher and lower grades of rails and utilities, reflecting a cautious trading session.
Secretary of Army Resor Quits
Secretary of the Army Stanley R. Resor has resigned after six years leading the Army through Vietnam and pushes for an all volunteer force. Defense Secretary Melvin R. Laird accepted the resignation with admiration. Resor, 53, will remain until a successor is named and briefed, likely by late June.
MENTIONED IN THIS ARTICLE
Washington
Army
Stanley R. Resor
Pentagon
Defense
Melvin R. Laird Resor
Laird
Resor
New York
Bearded Robbers Hold Up East Bend Bank
Three unmasked white men robbed an East Bend bank, with a local minister among customers. One pistol carrier stood six feet tall in a white jacket and full beard. another wore a brownish red beard and stood about 5 foot 6. A fourth possible accomplice may have joined them in a car as officers pursued unclear directions. East Bend lies about 15 miles west of Winston-Salem on N C Route 67.
MENTIONED IN THIS ARTICLE
Speer
East Bend
Winston-Salem
N.C
Busing Accident Kills Teenager in Robbins North Carolina
Ka ren Thigpen a 17 year old of Rob bins Route 1 Rob bins was fatally injured Thursday when she fell from a school bus returning home from Union Pines School Authorities investigated the incident as a tragic accident and authorities said there were no other injuries on the bus and no immediate details on how the fall occurred
MENTIONED IN THIS ARTICLE
Robbins
N. C
Ka‘ren Thigpen
Rt. 1
Union Pines
Harry Golden Forms and Future Jewish Works
Harry Golden, author and editor, discusses 20 books written or edited in 20 years with no financial losses. He plans two 1971 publications, Jewish humor and The Greatest Jewish City in the World about New York. He teaches creative writing at Central Piedmont Community College and contemplates a 1973 book on the new South, drawing on his observations and debates on desegregation and regional change.
MENTIONED IN THIS ARTICLE
Jerusalem Post
Carolinas
Harry Golden
Putnam
Doubleday & Co
New ‘York
Golden
Central Piedmont Community College
New York
Doubleday
South
Jack Cash
New South
J. W. Cash
Charlotte
Pinkney
Gadsden
Rev. Tennant
Jefferson
Franklin
Earl Warren
Buck Duke
Duke
Catawba River
U.S
James B. McMillan
Mecklenburg County
Supreme Court
April CPI shows smaller rise in living costs
Government data show groceries led a 0.3 percent April rise in consumer prices with housing and transport edging higher. The CPI reached 120.2, up 4.3 percent from a year earlier, while real purchasing power remained 1.9 percent below the 1968 peak. Pay gains for 72,000 workers linked to cost of living clauses are reported.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Bureau of Labor Statistics
Pension plan split in Nixon welfare bill showdown
President Nixon and Republicans back a two part reform combining Social Security liberalization with a broad federal welfare replacement. The measure increases benefits and Medicare coverage while a payroll tax rise funds it. Liberals push for higher aid though some call the 2400 dollar standard too low. Conservatives fear 9.7 million added beneficiaries and a 2.9 billion boost in welfare spending. The plan faces Senate uncertainty but is favored for House June approval.
MENTIONED IN THIS ARTICLE
Nixon
National Welfare Rights Organization
Senate
Congress
Ways and Means Committee
House
Higdon Trial Testimony Details Widespread Graft in Vietnam
Edward Kowatch, president of Universal Consultant Inc., testified that graft and corruption were rampant in Vietnam as he paid M. Sgt. William Higdon a total of 8,723 dollars for an Army clubs maintenance contract. Kowatch said two checks were introduced in evidence and that Higdon claimed a front man in Hong Kong. The sergeant faces larceny, bribery and graft charges for overseeing air conditioning and refrigeration contracts at Long Binh in 1968.
MENTIONED IN THIS ARTICLE
Redstone Arsenal
Ala
William Higdon
Vietnam
Edward Kowatch
Universal Consultant Inc
Higdon
Kowatch
Army
Long Binh
Universal
Manila
Georg Schell
Hong Kong
Also Mentioned on This Page
Stock Market Report
American Exchange
Carole Martin
NEW York Exchange
Geneseo
GaPacif
Safeway Gerber
Stroem
Getty O
St Reais P
Siem A
Ween
Global Marin
Goodrich
Goodyr
Grace 1
Granit
Tele Bete As
New York St .Exchange
Arizona
Greyhound
GrummaCp
GuifWn
Acrysug
Ve Ao
Acyanid
Hailipurt
Ameipw
Tarris
Heclam
Hercules
Am Motors
Hew Pack
AABT
HollySug
T&t
Wittemestke
AME Inc
Honywil
AMP Inc
Houserf
Ampex Corp
Anaconda
Howmet
Anch Hock
alidahoPw
Arch Dan
Ideal Bas
Armco Sti
Ylilicent
Armst Ck
impriCp Am
Atlas Chem
Intrikine
Atlas Corp
Tampa el
Aveo Corp SS
Tektronix Avnet Inc
Int Mineral
Teledyne
Avon Pd
Telex Co
Tenneco
Taxaco
Iowa Beef
Beckman
Itek Corp
Texasiast
BeechAir
Bell Hoy
JewelCo
Textron
Bendix
JohnMan
Ve! Thiokol
BenefiCp
JohnJon
Ve! Thrift Dr
E Va JonLogn
TimesMir
Beth Sti
jJonLang
Timken
Jostens
Todd Sh
Boeing Co
Trans W Ale BolsCas
Te — KK
Transmra
Borden
Kaisr Alum
TriCon
BorgWar
Kanplt
Vei Trw Inc la Brist My
Katy Ind
US Indust
Ling Tem Vt
Ittonind
US Steel
Lockheed Air
UnivOl IP
Valicews Corp
Univer Comp Cenco Ins
LoneStarin
Upjohn
Cerro
LVO Corp
Lykes Yngst
Vel Warlam
M — Washwp
Macke Co
WstnAir
Macy RH
Wn Banc
MadisFd
WaUnion
Magnvox
Westg Ei
Marath
Weyerhs
Marco
Whirl Co
Mar Mid
White Motor Martin
Whittaker Mayostr
Williams Co Maytag
Winn Dx
McDond
Woolwth
McGrwh
Mead Corp
Kero
Scott Paper
Anew
Signa
Singerc Smith Aenny
Scar EG
Verenos T.fv
Kollsman
Ptaut LN
Stevens
StudWar
VeSunOil Ib
Swift Co
Systron
UFSA
Ches Ohio
ChiMil Spp
Chipneut
Merck
Val Memorex Cp
Chris Craft
MGM
Va New York
Va Minnplt
Aerojet
AO Indust
Colg Pal
Va Monsant
Ark Best
Collins Rad
Montdut
Arklgas
Colonnist
MorNor
Colu Gas
Motorola
Barnes Eng
Nabisco
NatAirin
ConJavin
Nat Can
Certron
Cinerama
Va Dillard
Va Dixilyn Corp
Essex Chem Sys
Felmont Oil
Frontier Air
CPC
Neymat
Va Gt Basin Petch
CrowColl
Va Husky
Crown Cork
Ua NL Ind
Tl Corp
Aerne
Gurtisswrt Ié
Noamrk
Ve Jamesway
Es Nongas
Jetronic
Dan River
NoStaPw
Va Jupiter Cp
Simon Lee
DennyRst
Occid Pet
Ve Ling Tvgt
DetEdis
OnioEdis
LoewsThe
Diam Sham
Ve Marshal Ind
Dillon Co
Okla GE
McCrory
Disney
Okla Ngs
Va Mich Sug
Olin Corp
Or Pepper
Omarkin
Milgo Elect
Otis Elev
Newldria Mn
NewPark Mn
Dressind
Owen Cng
Nor Cdn Oils
Nuclear Amun
Duke Pw
Owen III
Ae Pindow Okc Corp
duPont
Pacgel
A Ormand Ind
Cy Sonce Duq
Va Ozark Airline
Dynam Am
PacPett
Permaner
Pacpwl
Phoenix
East Air Lin
Pac T&t
EasKodak la
Panams
PanAm WaAir
Echlin Mf
Resortsint
Eg&g
Penn Cent
ElPaso NG
Penn Dixie
Va Statham Ins Scurry Rain
Mi Penney JC
Ta EltraCp
PaPwLt
Syntex
Vann Ih
Sears Technicolor
Essexint
PennzUn
PepsiCo
Evans P
Pfizer
Phelps
Viewlex
PhibVorr
Vikoa Inc
Fansteel Inc
Phill Pet
VLN Corp
Pitneyb
Westates Pit St
Wilshire
Yates
Yonk Ra
FMC Cp
Pullman
Questor
Snacial
FreepMin
Ralstonp
Ranco Inc
Frueht
Raytheon
RCA
GAC Cp
Va Gaf Corp
Ve! Reading Co
Gam Sko
Rdig Bate
Gannett
GnTeiEl
RoyDut
Gen Tire Ib
Ryder Sy
al Sia Oe
Eeene
A.P. Stock
Dow-Jones
Sesroot
NEW York Stock Index
Industria
High Point Enterprise
Rvousneg
THE
High Point Enterprise, Inc
Church Avenue
High Point
Weard-Griffith Company
National Advertising Representatives
Asia
William L. Chaze
William R. Starnes
R.S. Dickson
Powell, Kistler & Crawford
New York Stock Exchange, Inc
American Stock Exchange
Fast
North Carolina
Fayetteville
Mish Point
Kingtom
Raleigh
Columbia
Myrtle Beach
New Yorks
Pea Oak
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