Stock Market Trends Show Broad Decline On Profit Taking
New York stocks opened lower as traders exited positions ahead of a GM strike settlement and an anticipated rate cut. The Dow Jones average fell 5.88 to 762.12 with losses outpacing gains on the NYSE and notable large blocks traded in Honeywell, NCR, CBS, and Syntex.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
General Motors
Associated Press
Honeywell
National Cash Register
CBS
American Stock Exchange
Syntex
Indust
Arklgas
Alamera Oil
Brascan Ltd
Campbi Chile
Javelin
Cinerama
Dixilyn Corp
Gen Plywood
Husky Oil
ITI Corp
Kaiser Tn
McCrory
Newldria Mn
NewPark Mn
Tg Statham
Technico
Ajiso
Reduced Fares Sought for Vietnam War Servicemen
The Pentagon seeks cut-rate fares on commercial flights for U S servicemen traveling from Vietnam to the United States under a liberalized 14 day home leave plan. Space on military aircraft is limited and space available travel requires confirmed return space before departure.
MENTIONED IN THIS ARTICLE
Washington
Pentagon
Vietnam
United States
U.S
Hong Kong
Bangkok
Hawaii
Defense Department
Nixon orders curtailment of federal public relations spending
President Nixon directs the Office of Management and Budget to cut 1971 funds for broadcasting advertising exhibits films and publications at federal agencies to curb self serving public relations. Officials say the move targets puffery and propaganda while preserving legitimate information efforts.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Office of Management and Budget
OMB
George P. Shultz
Banks Cut Prime Rate Narrowly. Consumers Watch
The 0.25 percentage point prime rate cut by several big banks, led by Chase Manhattan, is not expected to affect consumers immediately. Economists foresee potential mortgage rate relief and lower unemployment later, amid Fed discount rate cuts and smoother short term funding in markets.
MENTIONED IN THIS ARTICLE
David Burke
NEW York
Washington, D.C
Chase Manhattan Bank
Chase Manhattan
Berryhill School Fire Damages Charlotte Elementary
Fire heavily damaged Berryhill Elementary in Charlotte Mecklenburg while 10 volunteer departments fought the blaze. No pupils were injured as they were sent home by bus. a newer classroom block remained intact and the cause and damage estimate were not yet known.
MENTIONED IN THIS ARTICLE
Charlotte
Charlotte- Mecklenburg County
Berryhill
Charlotte-Mecklenburg
Chile Recognizes Castro Regime Amid Latin bloc shifts
Chilean President Salvador Allende announced formal recognition of Fidel Castro's Cuba defying the OAS boycott. Mexico and several Latin American governments consider re-evaluating their stances as Costa Rica condemns the move and other nations hint at policy reviews.
MENTIONED IN THIS ARTICLE
Fidel Castro
Mexico
Salvador Allende
OAS
Cuba
Latin America
Community of Nations
U.S. State Department
Allende
Washington
Peru
Bolivia
Venezuela
Trinidad- Tobago
Gonzalo Fecio
Costa Rica
Castro
Chile
Uruguay
Havana
China
East Germany
North Korea
North Vietnam
Rubin Arrested In North Ireland
Amer ican Yippie leader Jerry Rubin and Stew Albert were arrested in a south Belfast apartment after Rubin's seven day visitor's visa expired. A third Yippie, Brian Flanagan, was not arrested.
MENTIONED IN THIS ARTICLE
Belfast
Northern Ireland
Jerry Rubin
United Kingdom
Rubin
Youth International Party
Stew Albert
Brian Flanagan
Albert
London
Home Office
England
Scot
Wales
Airliner hijacking underscores security gaps on domestic flights
A spokesman cited portable electronic surveillance to detect weapons and said no law enforcement officers were at Richmond or Raleigh Durham boardings. Sky marshals were not aboard the hijacked plane, as they typically do not ride domestic flights. The airline notes this hijacking is its second of the year versus ten at this point last year.
MENTIONED IN THIS ARTICLE
Richmond
Raleigh-Durham
U.S
Sky
Blind Pickets Tie Up Downtown Greensboro
In Greensboro the Industries for the Blind faced a Thursday picket by about a dozen of its 50 workers, marching Main Street to press for better conditions and pay. The strike affects few operations as most employees remain at work, with local black community groups aiding the effort.
MENTIONED IN THIS ARTICLE
Greensboro
Industries For
The
Industries For the Blind
Lions Clubs
W. W. Hudson
Three Killed and One Hurt in Stanley Car Crash
Three people died when a convertible left Mauney Road near Stanley and plummeted 100 feet over a creek, overturning after smashing through a bridge railing. A fourth occupant was seriously injured as authorities awaited relatives.
MENTIONED IN THIS ARTICLE
Stanley
N.C
Mauney Road
No sympathy for those who feel sorry for themselves
A terse motto admonishes readers that self pity earns little regard and urges resilience. It frames feeling sorry as unproductive and promotes grit and self reliance.
Cannon Defends Kannapolis Mills Against Nader Film
Concord based Charles A. Cannon chairman of Cannon Mills criticizes a Ralph Nader team television report on Kannapolis as biased and prejudiced. He notes Cannon Mills owns 600 acres in Kannapolis but houses only 15 percent of its workers, with thousands of privately owned homes nearby.
MENTIONED IN THIS ARTICLE
Concord
N. C
Charles A. Cannon
Cannon Mills
Ralph Nader
Kannapolis
Nader
Central Business
Cannon
Also Mentioned on This Page
Stock Market Report
NEW York Exchange
Arizona
AlcanAly
Arm Airtin
Ae Motors
AMF Inc
AMP Inc
Ampex Corp
Anacon
Ancorp
Atlas Chem
Atlas Corp
Avco Cp
Babck
Va Balt GE
Fois
Beckman
Beech Air
Bendix
Boeing Co
Borden
BorgWar
Brit Pet
Brunswk
Budd Co
CampoRt
Owe
Cartwal
CastieCk
CessnaAir
Ches Ohio
Collin R
Ololtist
Mohas
Monsant
MorNor
Comsat
Motorola
ConNat
Cont Corp
NatCash
Cork
CronZell
CurtissWr
DanRivr
Niagmp
NorfolkWst
DaycoCo
Norrisind
NorAmPhil
NoAmRi
Deere Co
Mme del Mate
NoStaPw
Northrop
Delta Air
iNwst
DetEdis
NwtBanc
Det Steel
Norton
Diam Sham
Disney
NortSim
duPont
Olin Corp
Omarkin
DynaAm
Otis Elev
East Air Line
Owen Cg
EasKodak Ja
Owensil
EatonYa
Ae ‘Eg&g
Echlin Mf
Elpasong
Panasul
Fairch
PennDix
Penney JC
PaPwh
PennzUn
Pfizer
PepsiCo
Phelps D
Phila el
Philip Morr
Phill Pet
FiaPowLt
PitneBw
A 'Gaf Corp
Se iGam Sko
Pullman
Questor
Ranco Inc
I Raytheon
PRCA
Reading Co
RoaBates
Mai Genesco
Reich Ch
SeGa Pac
RepubSt
Reviow
Eise
SanFeint
Schentey
Ode Veing
SCM Cp
Scoa Ind
Halifourt
Scott Paper
Harris Int
Soclind
Sears GD
Hercine
Sears
HoernWal
SignalCos
SingerCo
Smith KF
Sony Co
Honeywi
Soucate
Va Houst LP
Me South Co
Eae Howmet
Idaho
Sperry
Va Squibb
Va IngerRand
St Brands
Imiand Sdl
Kolismaan
Intrikine
Saint Harv
StauffCh
T&t
StudeWorth
Tektronix
Teredyn
lah _JoneLay Mp
Teelx Corp
Jostens
Ve . Tenneco
Joy Mig
Texaco
Kaiser al
Ty Textron
Katy Ind
Thymm Vy KayserRo
Ra- Kenncott
Big Mio
Wa - Kerr Mc
KimloCk
Koppers
Transmra
Kraftco
Transitron
Kresge SS
TriCent
Kroger
Learsieg
Yal Inc
UMC Ind
UnonCal
UN Pac Cp
Unit Co
Lonesga
US Indust
Lukens$t
Va Lvo Corp
Vale
Nie
Mg . Lyk Yong
US Steel
Ae Univopd
Univsty Cmp
Macks Co
Macy
Magnvox
Varian Asso
Vendo Co
Marcer
MGM
Whittaker
WinnDix
Reinant A
Woolwin
Xerox Cp
Zale Corp
Zenith R
Fred S. Hoffman
Puffery
Sterling F. Green
A.P
Ated Press
Rails Ind. Util. Bon
Prey
Dow-Jones
Cota E Cowes
Penn
NEW York Stock Index
Federal Reserve Board
Philadelphia
William F. Nichols
Santiago, Chile
North Ireland
Tronic
Nash
Nash Jewelry CO
N. Main
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