Stocks drift lower as investors stay on sidelines
Investors remained on the sidelines amid lack of motivating news as the Dow Jones 30 fell to 836.23 at noon. Declines outpaced advances on the NYSE while traders awaited guidelines on Phase 2 of wage price controls and noted mixed moves in Shell Oil and other majors.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Cost of Living Council
Shell Oil
Jersey Standard
Indiana Standard
Texaco
Associated Press
Collins Rad
Microdot
CBS
Colu Gas
CmbEn
MobilOil
Mohas
Monsant
Comsat
Montdut
Aerojet
MorNor
Connatg
Motorola
AO Indust
MtFuel S
Ark Best
Air Lin
Mtstatt
Arklgas
Conti Corp
Nabisco
Val Atlas
NatAirin
Barnes Eng
Nat Can
Brascan
Natcashr
Buttes Gs Oil
Cowles Com
Certron Cp
Cox
Cinerama
CPC
Nat Indust
Creolep
Ve CronZell
Va NewPow
Newberry
Essex Chem
Fed Resrees
Newmat
Frontier Air
Dan River
Yel Ning MP
Gen Plywood
Norfolk
Giant Vel
Norris Ind
Gt Basin Pet U
Husky Oj
Mi Deere Co
Noamrk
Hydromet
Delta Air
NoStaPw
Instrum Sys
ITI Corp DetEdis
Northrop
Jetronic Ind
Diam Sham
Nwst Air
Jupiter Cp
Disney
NwtBanc
Kaiser In
Diversind
Norton
Kin Ark Corp
NortSim
Ling Tvat
Dr Pepper
Lafay Radio LoewsTheft
Dressind
Va OhioEdis
Duke Pw
Ve Okla GE
Marshal Ind
Va Oklangs
duPont
Olin Corp
Mich Sug
Duq Lt
OKC Corp
Eg&g
Pacgel
Ovormand Ind
Es Eipason
Va Pac Lig
Ozark Airline
PacPetri
Permaner
Emere
Va Pac T&t
Evans P
PanAm Wair
Ureserve
Resortsind A
Penn Cent
Scurry Rain
Penn Dix
Statham
Fair Ind
Penney JC
Va Syntex
Fansteel Inc
PaPwLt
Technicolor
Fedders
Va PennzUn
Ve Telepromtr
FedDeptStr
Pepsico
Va Pfizer
Firestone
Phelps
Viewlex
Phila el
Vikoa Inc
Flintkote
Phil Morr
VLN Corp
Phill Pet
Wilshire
Ye FlaPwLt
Yates Ind
FMC Cp
Ford M
FreepMin
GAC Cp
GAF Corp
ACF Ind
Siva
Ralston P
Ranco Inc
GenMills
Wa Reading Co
Va Reich Ch
Arizona la
YelGen Tire Ib
Ep RepubStl
Alcan
Geneseo
Revion
GaPacif
le Reyn Ind
Alleg Cp
Goodrich
Ve Ryder Sy
Alcoa
Goodyr
Va — Am Ambac
Grace
Grant
A&p
West West Finl
Greyhound
San Felnt
Gulf Oil
ScherPlg
SCM Corp
Am Hosp
Gulf Wn
Scoa Ind
A MiCix
GifWnind
Scott Pap
Am Motors
At&t
Hecla M
T&t
Signal Co
AMF ‘Inc
Heublein
Singer Co
AMP Inc
Sony Co
Ampex Corp
HoernWal
South Co
Eae Homestice
Armie Sd
Honywil
Richfid
St Brands
Atlas Corp
Idaho Pw
Kolisman
Avco Corp
Ideal Bas
StOiCal
Mprl
Stern
Stevens
Beckman
StudWor
Swift Co
Benguet
Iowa Beef
Tampa
Telex Co
Orden
Jewel Co
Tenneco
BorgWar
JohnMan
JohnJon
Jostens
Va Texas Inst
Bucy Er
Rudd Co
Bulova W
Et Mantoe Textron
Va Bunki Ramo
KalsAlum
Thiokol
Burl Ind
Kange
Thrift Dr
BuriNor
Katy Ind
Kennecott
Todd Ship
Cadence Ind
Kerr
Va Camp Sp
Krafico
Kresgess
M * Kroger
UAL Inc Wm
CartWal
UMC Ind
CastieCke
UN Carbide
CaterTr
Learsieg
TriCont
Levitz Furn
UN PacCp
Cerro Cp
UN Unit Air
CessnaAir
UnitCo
Ches Ohio
Littonind Sot
ChiMil Spp
Lockheed Air
US Indust
Univ
Univ Cptr
SM Clark
LukenSt
ClevElitt
LVO Corp
Uejohn
CocaCol
Lykes Yngst
Varian Assoc
Colg Pal
M—M
VendoCo
Vaeipw
Macke Co
Macy RH
WachCo
Marath
NM A Mar Mid
Martin M
Lela
Weyerhs
Meylag
Whirl Co
White Motor
Q— Mead Corp
Whittaker
Memorex C
Merck
Viele
Xerox Cp
Zale Corp
Board yet to settle pay impacts of wage freeze rulings
Discussions show no specific cases decided and no legal force yet. The board will meet at 2 p.m. Thursday to turn policies into binding directives, with months possible to finalize. Existing pay practices will be honored after the freeze. retroactive and merit raises remain unresolved.
Court Hears Henderson Defense in My Lai Case
In a court martial at Ft Meade, chief American advisers to South Vietnam say no sources hinted at a civilian massacre by U S troops in My Lai. Witnesses May Keating and Gavin testified they would have dismissed atrocity reports as Communist propaganda if received.
MENTIONED IN THIS ARTICLE
James A. May
Henderson
My Lai
May
Donald R. Keating
Revolutionary Development
David C. Gavin
Son Tinh
Governors debate school desegregation policy at regional conference
Governors Wallace Nunn Williams Carter West Scott Dunn Moore Hall convened in Georgia to shape a unified federal policy on desegregation. Vote abstentions and committee actions marked the discussion as Wallace and Williams floated resolutions while signaling possible 1972 presidential plans. The gathering, ongoing since daybreak, remained low-key with key figures weighing tentative paths forward.
MENTIONED IN THIS ARTICLE
Mandel
George Wallace
Alabama
Louie Nunn
Kentucky
John Bell Williams
Mississippi
Jimmy Carter
Georgia
South Carolina
Bob Scott
North Carolina
Winfield Dunn
Tennessee
Arch Moore
West Virginia
David Hall
Oklahoma
Wallace
John West
Louis Ferre
Puerto Rico
T.e Georgia
Jer
Dow Jones Averages Mixed As Markets Show Modest Moves
The stock market sections report mixed moves with the Dow Jones Industrial Average near 4836 while several groups like Transportation and Utilities edge lower. Bonds show small gains in high grade rails and utilities with muted changes across sectors.
MENTIONED IN THIS ARTICLE
Ini
Tecenees
New York Stock Exchange Noon Market Update
A fragmented AP summary reports the New York Stock Exchange noon index figures with industrial and finance sector movements. The report notes fluctuating rates and overall market mood during trading hours in New York.
MENTIONED IN THIS ARTICLE
NEW York Stock Index
NEW York
New York Stock Exchange
Fedent Market Rate Index
Temporary Foreign Aid Subject of House Vote
The House faced a vote on a temporary foreign aid measure as the Senate pursued a smaller aid program. President Nixon urged continued aid and warned against halting mutual assistance, while leaders balanced advancing regular bills with a looming Nov. 15 expiration.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Nixon
New York
Chicago
Nixo
United States
Congress
William P. Rogers
Rogers
Secretary of Defense
Melvin R. Laird
Mansholt and Borlaug Clash Over DDT Policy
Dutch Europe agriculture chief Sicco Mansholt challenged Nobel laureate Norman Borlaug's defense of DDT and pesticides at FAO talks. Mansholt urged less persistent chemicals amid concerns over environmental impact, while FAO and WHO reiterated support for continued, judicious DDT use until safer substitutes are available.
MENTIONED IN THIS ARTICLE
Rome
Norman Borlaug
United States
Europe
Sicco L. Mansholt
Netherlands
Common Market
Borlaug
U.N. Food and Agriculture Organization
Mansholt
U.S
Clifford Hardin
FAO
Chief Food Organization
World Health Organization
Senate panel grills Rehnquist and Powell nominees
Witnesses attacked William Rehnquist on civil rights and Bernard Powell on education subsidies. Clarence Mitchell and Joseph Rauh questioned Rehnquist while Rep. John Conyers urged rejection, citing constitutional views and ties to the Birch Society.
MENTIONED IN THIS ARTICLE
Lewis F. Powell Jr
Nixon
Woodcock
Rehnquist
Joseph L. Rauh Jr
Leadership Conference On Civil Rights
Clarence Mitchell
National Association For the Advancement of Colored People
Matt
Edward M. Kennedy
D-Mass
Mitchell
Rauh
John Birch Society
Kennedy
Powell
Phoenix
Birch Society
Arizona
James C. Eastland
D-Miss
The
Eastland
John Conyers Jr
Dmich
Congressional Black Caucus
Conyers
Court Elections Challenged In North Carolina
A Republican challenge to North Carolina Superior Court judge elections will be heard November 19 by a three judge federal panel. Judges are district nominated but statewide elected, a system Republicans claim discriminates against them. The suit, filed February 4, 1970, was brought by Jim Holshouser.
MENTIONED IN THIS ARTICLE
Greensboro
North Carolina
Jim Holshouser
Also Mentioned on This Page
Stock Market Report
American Exchange
Carole Martin
Harry F. Rosenthal
NEW York Exchange
A.P
Rails
Util
Fgn
Dow-Jones
Warren Court
William H. Dodds
UAW Citizenship Department
Richmond
Henry L. Marsh III
Virginia State Board of Education
High Point Enterprise
High Point Enterprise, Inc
Church Avenue
High Point
N.C
Ward-Griffith Company
National Advertising Representatives
Twin Oaks
North Main St