Stock Market Drifts Lower Amid Digestive Phase
Wall Street opened with modest losses as the Dow dips 4.65 to 774.85 and the AP 60 stock average slides 1.2 to 263.7. Traders note a digestive phase after a rate cut by banks and a GM contract settlement, with declines led by motors and metals and some gains in IBM and Polaroid.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Federal Reserve
General Motors
Xeroux
Burroughs
IBM
Control
Polaroid
Associated Press
Scott Paper
Fluor Corp
Telex
Parke, Davis
Mohawk Data
Warner-Lambert
Minnesota Mining
Chrysler
Rolls-Royce
Milgo Electronics
Olla Industries
Austral Oil
Buttes Gas
California Computer Products
Syntex
American Stock Exchange Noon Prices Report
The American Stock Exchange lists noon prices with numerous entries across listed securities. Figures show last prices, highs and lows, with various corporate notes and footnote explanations detailing dividend status and special issues.
Dow Jones Averages Read Mixed At Noon
The New York Stock Exchange index shows mixed results with a 3 percent industrial section and transportation and utilities displaying declines. Bonds and second grade listings edge slightly as traders monitor market movement and quote changes around 247,951.47 for the overall index.
MENTIONED IN THIS ARTICLE
New York
Oh Re iStock
Industrigig
New York Stock Exchange
U N Seat For China Considered
At the United Nations General Assembly the annual debate on China's seat continued. Peking gained potential support as Mao Tse-tung's regime picked up four new votes, while Canada Italy and Equatorial Guinea shifted from abstention to recognizing Red China.
MENTIONED IN THIS ARTICLE
United Nations
N.Y
U.N. General Assembly
China
Peking
Mao Tse-tung
Canada
Italy
Equatorial Guinea
Inter-dealer Prices From NASD Reported at 11 a.m.
Quotations from NASD show representative inter-dealer prices around 11 am with percentages listed for various issuers including American Furn, Carolina Caribbean, Colonial Stores, Eckerd, First Union Bank, Hardee's, Life of Carolina, NCNB, North Carolina Natural Gas, Piedmont Aviation, Public Service of North Carolina, Ruddick, SonFilm Ext, and Wellington Hall. Prices exclude retail markup and reflect intraday market movements.
MENTIONED IN THIS ARTICLE
Dask Amc
American Furn
Carolina Caribbean
Colonial Stores
Eckerd
US First Union Bnk Corp
Hardee’s
Integoa
Life of
Carolina
Ncnb Corp
N. C. Natural Gas
Piedmont Aviation
N.C
Ruddick Pref
Ruddick Common
Son. Film Ext
Wellington Hall
Court delays ruling on bus service for city children
North Carolina Supreme Court will not decide before mid December if the state may fund free bus transportation for city pupils. The case stems from a federal order and a challenge by George Ragsdale who argues the General Assembly has forbidden such spending. If upheld, bus service for about 111000 children in 114 of 152 districts could be halted.
MENTIONED IN THIS ARTICLE
Raleigh
William H. Bobbitt
North Carolina Supreme Court
Bobbitt
Asst. Atty
Andrew Vanore
Winston-Salem
George Ragsdale
General Assembly
High Court
Superior Court
James H. Pou Bailey
Bailey
North Carolina
State Board of Education
Ragsdale
Vanore
Explosion Hits USO Building in Saigon
An air burst near the downtown Saigon USO building caused shattered windows and damaged cars but no casualties. An Army captain entering the building blamed the blast on a distant firing, possibly a M79 grenade. About 50 people were inside the building at the time, mainly in Stateside telephones and USO offices on the second floor.
MENTIONED IN THIS ARTICLE
Saigon
USO
Fraser Browning
Rochester
N.H
Browning
Wolfson Wins Appeal in Perjury Conspiracy Case
Financier Louis E. Wolfson wins the 2nd U.S. Circuit appeal directing a new trial on perjury and conspiracy to obstruct stock transactions probe. He previously served nine months in a federal honor camp for selling unregistered securities.
MENTIONED IN THIS ARTICLE
NEW York
Louis E. Wolfson
Abe Fortas
Supreme Court
2Nd
U.S. Circuit Court of Appeals
Wolfson
Dynamite Blast Kills Nine Men Near Tulsa Oil Site
An explosion at Pan American Petroleum's Bird Creek testing site northeast of Tulsa killed at least nine seismograph crew members. A crewman identified was David K. Ellis, 26, of Tulsa. Investigators said a truck loaded with dynamite ignited by a spark from a high voltage line sparked the blast.
MENTIONED IN THIS ARTICLE
Tulsa
Okla
Sheriff's
David K. Ellis
Pan American Petroleum Corp
Pan American
Bird Creek
Tulsa County
Tulsa County Sheriff's Office
Power Company
Tennessee Baptist Colleges Vote Against Campus Dancing
The 69th annual Tennessee Southern Baptist Convention refused to approve dancing on Baptist campuses. Carson-Newman trustees were urged to reconsider their action permitting dancing, and a study of Carson-Newman’s special needs was blocked. Other affected schools include Union University and Belmont College. The convention elected officers and set a $56 million budget, with Gatlinburg chosen for next year’s meeting November 9 to 11.
MENTIONED IN THIS ARTICLE
Jackson, Tenn
Southern Baptist Controlled
Tennessee
Tennessee Southern Baptist Convention
Howard Kolb
Memphis
Carson-Newman College
Carson-Newman
Kolb
Tennessee Baptist Convention
Union University
Jackson
Belmont College
Nashville
Howard Highfill
Clinton
Courtney Wilson
Hendersonville
Keith Wooster
Hails
Bruce Coyle
Rogersville
Gatlinburg
Nader Reports On Cannon Mills in Company Town
Boston AP. An investigator from Ralph Nader’s team says Cannon Mills in Kannapolis North Carolina functions as a company town with police and services tied to the employer. Charles Cannon owns extensive local land and facilities while the program questions corporate influence and civic autonomy.
MENTIONED IN THIS ARTICLE
Boston (Ap
Ralph Nader
Kannapolis
N.C
Cannon Mills
John Foster
Danny Clodfelter
Nader
Public Broadcasting Service
Don Fouser
WGHB
Boston
Charles Cannon
Ees - Eee
Annapolis
Clodfelter
Con
Cannon
UAW GM Pact Sets Pattern for Other UAW Plans
GM and the United Auto Workers reached a tentative national agreement seen as a model for contracts at John Deere International Harvester Caterpillar and aero space plants. Negotiations continued on three fronts with about 32 000 IUE members at six GM sites still awaiting local deals and Canadian plants edging toward tentative terms.
MENTIONED IN THIS ARTICLE
AMC
UAW
John Deere
International Harvester
Caterpillar Corp
Aero- Space Industry
International Union of Electrical Workers
Homer Pierce
IUE
Canada
Ontario
Quebec
U.S
Gm-Canada
United States
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Stock Market Report
Carole Martin
NEW York Exchange
Admiral
Arizona la
AlcanAly
Alleg Cp
AlleglLud
Alleg Pw
Allied Ch
Allied
Allis Chaim
Alcoa
AMBAC
Hess
Ameipw
MuiCix
Am Motors
At&t
A Inc
Anacon
Anoh Hock
Ancorp
Arch Dan
A Armour
Assad DG
Atlas Chemecene
Om Va
Beckman
Beech Air
Bendix
Sheet Brockhr
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Sueyer
Om Budd Co
Cal Finan
Caro
CartWal Carrier Cp
Va CastieCk
Ai CaterTr
Erro
CessnaAir
Ches Ohio
ChiMil Spp
Chris Cft
Chisir
Conti Corp
CrowCoil
Crown Com
Curtisene
DanRivr
Duke Pw
Wa— duPont
Doe East Air Line
EasKodak la
Se As
EatonYa
Echiin Mf
Eg&g
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GAC Co
GAF Corp
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Gen Tire
Geneseo
Ga Pac
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Gettyo
Gillette
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Ve Global Marin
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Goodyear
GraceCo
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Grantw
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Greyhound
Halliburt
Ap’ Harris
Es Homestice
Va Honeywi
Vws
Houst LP
Howmet
T idahoPw
Ideal Bas
A Imp Co Am
W's Am
W's Am WG Ina Cp 1.40 143 31% 0% 20% — Yetsinger Rand
IintNick
T&t
Iowapsy
Itek Corp
Jewel Co
JonaMan
John John
Jon Logan
Jane Lau
Joy Mfg
Ma Kaiser Ai
Katy
Kayser Ro
Kenncott
Kerr Me
Shoan Kimbalk
Koppers
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Northrop
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Me Olin Corp
Omarkin
Otis Elev
Owen
Owen Cg .75 1 36's 3648 we + Owensili
Pacgel
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Air
Panh
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PennDix
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PepsiCo
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Phelps D
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Schering
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Swift Co
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Timken
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UMC Ind
US Steel
Varian Asso
Mas Vendo Co
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Asamera Oj
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Feimbat Oil
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Newicra
NewPark Mn
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Apnosinton Press
Ine Wai Util
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Gov
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Advisory Budget Commission
Louis Wolfson
Tennessee Baptist Schools
Atlanta Stadium
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Leon Waite, Jr
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Uckie
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