Market slides as Nixon program uncertainty weighs
Stocks trended lower in moderate trading with the Dow at noon down 6.50 to 836.67 and the 60 stock average off 1.6 at 308.2. Declines outnumbered advances on the NYSE by more than 2 to 1 as analysts cited Phase 2 of Nixon's economic plan as the main cause of the slide.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Nixon
Associated Press
Alexander’s
Southwestern Public Service
ClevEulll
Va Mgm
GocaCol
Se Microdot
Colg Pal
Midsati
Collins
Coloniist
Montaw
MorNor
Comsat
Motorola
Nabisco
Barnwel Ind
Air Lin
Cinerama
Nat Steel
Va Dillard
Ye Cox
Dixilyn Corp
CPC
Frontier Air
Ning MP
Yel
Bath
NL Ind
Norfolk
Gt Basin Pet
Dan River
Dart Ind
Norris Ind
V2 NoStaPw
Ve Jetronic Ind
Ve North
Jupiter Co
Nwst Air 1 .45 168 33% 33% .33%4—% Kaiser In .27F 63 7% 7Va ”%—% Diam Sham
NwtBanc
Ve Kin Ark Corp
Weve — Ve Dillon Co
Norton
Kingsford
e + Ve Disney
Nort Simon
Lafay Radio
Lee Ent
Or Pepper
Ye\ Ling TVgt
OhioEdis
oewsThe
Se DowChm
Okla GE
Dressind
Okla Ngs
McCrory
Duke Pw
Atone Milgo Elect
Newldria Mn
Dynam Am
Owen Cng
NewPark Mn
Ve East Air Lin
Owen Ill
Nor Cdn Oils
Lin'5
Va EasKodak la
Nuclear Am
Vo Eaton
Pacge
Echlin Mf
YelQzark Airline
OKC Corp
Eg&g
PacPetri
Permaner
Eipasong
Pacpwl
Puritan Fash
Eltracp
PanAm WaAir
Essexint
Exca Ethyl Cp
Penn Cent
Evans P
Penn Dix
Yelscurry
Fairch Cam
Penney JC
Val Syntex
Fair Ind
FedDeptStr
Admiral
Phelps D
Viewlex
Phill Pet
Westateg
Arizona la
Flintkote
Pitney B
Wilshire
Alleglad
Va Fmc Cp
PPG Ind
Zim Hom
al Pw
Food Fair
ProctGm
Allied Ch
SeForMcKs
AllisCh
Pullman
GAF Corp
Questor
R—R — Amb
Gannett
Ralston P
Gen Dynam
Ve GenElec
Ye Ranco Inc
Raytheon
Ameipw A Cyan
GenFood
RCA
GenMills
GenMet
Gen Tire Ib
Reviow
Genese
GaPacif
Tove
At&t
Am T&t
Gettyo
Royccola
AMF Inc
Gillette
v/RoyDut
We Amp Inc
Glen Alden
Ryder Sy
Ampex Corps We
Global Marin
Goodrich
Safeway
Anc Hock
Hte
Goodyr
Stioem
StRegis P
A&p
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Ve Armst Ck
Sa Feind
Wwe WW
SanFeint
Mia Uu
Wweigrn Giant
Scott Pap
Gustutil
Sbcl
Scarsro
Beckman
BeechAr
Heublein
BoisCas
Honywil
Sperrr de
Borden
Square
Brist My
Wa — Howmet
St Brands
Brit Pet
Kollsman Brunswk
Idaho
Ideal Bas
StOilind
Budd Co
Stowins Bulovaw
StdOilCh
Bunkr Ramo
Stauf Ch
INA Cp
SteriDrug
Aly Rand
Stevensj
Cadence Ind
SwiftCo
Tampa el
Tektronix
Teledyne
CastieCke
Lowa Psy
Telex Cp
CaterTr
E . Tek Corp
Tenneco
Cenco
Jewel Co
Texaco
John Man
Cerro Cp
JonnJoh
Tex G Sul
Jon Lang
Texasiast
Cessna Air
Jostens
Textron
Ches Ohio
Joy Mfg
Thiokol
ChiMil Spp
KaisAlum
Thrift Or
TimesMir
Chris Craft
Chrysir Colt Fini
Todd Ship
KayserRo
Kennecott
Vel Transmra
Clark Eq
Kerr McG
Kresgers
LehVal Ind
Lehma
Levitz Furn
Air
Lockheed Air
Loews Corp
LoneStarin
US Steel
Lonesga
Univ
VendoCo
WarLam
Marath
Marcor
Wwe
WnUnion
Martinm
Westg el
Weyerhs
Biech
E WinnDx
Memorex
Va Merck
Zale Corp
Zenith R
A.P. Stock Averages and Related Terms
A dense list of stock market terms and abbreviations with letters denoting actions such as dividends, ex dividend dates, stock splits, new issues, warrants, and in bankruptcy status. Includes references to cash value estimates on ex dates and conditions like deferred or omitted dividends and international tax notes.
MENTIONED IN THIS ARTICLE
Vnuwihy
Deputies Probe Auto Theft in Thomasville
Jerry Ray Hunt of Trexler Street reported his 1965 car stolen from his home Monday night. Deputies investigated the case as an auto theft in the Thomasville area.
MENTIONED IN THIS ARTICLE
Thomasville
Jerry Ray Hunt
Trexler Street
Dow Jones Averages and Stocks Summary
The bulletin lists Dow Jones averages across sectors with figures for Industrials Utilities Rails and Bonds. It includes percentage or point changes and a total index value of 836,676.50 with several quoted figures such as 227.79 and 113.02 alongside declines and small gains.
MENTIONED IN THIS ARTICLE
Indus
New York Stock Exchange Index Briefs Trade Snapshot
Noon trades show mixed results on the New York Stock Exchange with indices including Industrial and Transportation edges, Utilities and Finance posting varied gains and losses. Readouts indicate modest changes in key sectors as markets react to early-session activity.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Transportation Coneey M
Rehnquist questioned on Fourth Amendment limits at hearing
Senate hearings feature Sen Bayh and Sen Tunney voicing cautious support for Rehnquist. They note shifts in doubts about his views and the need to waive lawyer client privilege to discuss philosophy. Judge Walter E. Craig terms Rehnquist the strongest nominee for the Supreme Court.
MENTIONED IN THIS ARTICLE
John V. Tunney
D-Cailif
Rehnquist
Tunney
Bayh
Supreme Court
Nixon
John N. Mitchell
Mitchell
Senate
Indiana
Walter E. Craig
U.S
Arizona
ABA
Galifianakis Calls for Literacy Focus Over Luxuries
Rep. Nick Galifianakis criticizes federal spending on luxury airplanes and bailouts for failing railroads while 18.5 million Americans lack reading ability. He urges libraries to boost literacy through cooperative programs with teachers and parents and expanded tutoring.
MENTIONED IN THIS ARTICLE
Winston-Salem
N.C
Nick Galifianakis
D-N.c
Galifa‘nakis
North Carolina Library Association
Durham
Galifianakis
Sen. B. Everett Jordan
United States
Banking Committee Revamps Nixon Wage Proposal
The Banking Committee shifted from a supportive mood to rapid, near party line votes. It backed proposals to cap pay raises at 5 percent, deny retroactivity, and limit deferred increases, while authorizing damages up to 1000 dollars for overcharges and imposing rate controls during wage and price limits.
MENTIONED IN THIS ARTICLE
Rumsfeld
Pay Board
Banking Committee
Nixon
Come Assage Signes Board
White House
Congressional
Appeal Seeks Halt To Amchitka Nuclear Test
Environment groups urge President Nixon to stay the Amchitka Cannikin test until courts rule on legality and environmental concerns. Sen Brooke notes 34 senators support cancellation. groups warn of earthquakes tidal waves and radiation from the 5 pm Saturday detonation 6000 feet offshore.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Warren E. Burger
Nixon
Amchitka Island
Burger
New York Times
Edward W. Brooke
Rmass
Atomic Energy Commission
Alaskan
Cannikin
A _ high court
Hiroshima
White House
Committee For Nuclear Responsibility
Court of Appeals
House Advances 1.6 Billion Cancer Bill on Bipartisan Vote
In Washington the House Commerce Committee backed a 1.6 billion cancer bill by 26 to 2 to expand research through NIH and NCI. Rep. Brock Adams and allies push for Senate version, while the American Cancer Society lobbies for a new independent agency and NIH restructuring faces opposition.
MENTIONED IN THIS ARTICLE
Washington
American Cancer Society
House Commerce Committee
Public Health
Paul G
Adams
Rules Committee
Rogers
Senate
House
National Cancer Institute
National Institutes of Health
NIH
Contaminated Turkeys Held From Sale by Swift Co
Swift & Co declares 50 000 turkeys contaminated with PCBs will not be sold for human consumption even if permitted by the Agriculture Department. The birds, found with high PCB levels, were withheld since August after Swift alerted officials. The company may destroy them or use them as nonedible animal feed.
MENTIONED IN THIS ARTICLE
Washington
Swift & Co
Agriculture Department
Swift
Minnesota
Charles K. Olcott
Swift Dairy and Poultry Co
Recapping Business Burns In Fire With 3750 Footprint
Thomas Heaton watched his private recapping shop burn to the ground at 800 Mark St after a 11:21 a m call. Heaton estimated losses between 40000 and 50000 dollars with five tire recapping machines, noting no insurance coverage for the building.
MENTIONED IN THIS ARTICLE
Heaton
Avondale St
Mark St
T. G. Shelton
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Stock Market Report
American Exchange
Stockton
A.P. Stock
Raiis Util
Aseeie
Heeee
Util
Fon
Dow-Jones
NEW York Stock Index
High Point Enterprise
High Point Enterprise, Inc
Church Avenue
High Point
AP News
High Poin Enterprise, Inc
Thomas Heaton
George Wallace
Evanelist
Pilot View Baptist Church
Paul T. Forrester
George
Oie Ray B. Wesson
Welborn Insurance