Mortgage stocks slide as investors pause amid policy uncertainty
The noon Dow rose 2.41 to 824.55 as market gains softened. Traders awaited Phase 2 economic measures and weighed a possible slowdown in mortgage investments with Continental Mortgage Investors signaling earnings may fall. Fidelity Mortgage Investors Alison Mortgage Atico Mortgage Gulf Mortgage led declines on exchanges.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Nixon
American Stock Exchange
Continental Mortgage Investors Today
Fidelity Mogage Investors
Alison Mortgage
Atico Mortgage
Gulf Mortgage
Mony Mortgage
Chase Manhattan Mortgage
Wachovia Realty
Dividend footnotes and stock actions in Dow Jones table
Explanations accompany the Dow Jones averages noting annual disbursements, regular and irregular, with footnotes a through vi detailing stock dividends, extra payments, liquidations, ex-dividend statuses, rights, warrants, and special cases including bankruptcy and foreign issues subject to tax.
Inter-dealer NASD Quotations Snapshot Prices Listed
Over The Counter bid and ask prices from NASD show inter-dealer levels at about 11 a m Various issuers including AMIC Carolina Caribbean Hardee s Integon Life of Carolina NCNB Public Service of NC and others display bids ranging from 2 to 44 percent with asks from 2 to 45 percent The report notes prices exclude retail markup markdown or commissions and markets vary through the day.
MENTIONED IN THIS ARTICLE
Amic American Furn
Carolina Caribbean
Hardee’s
Integon
Life of Carolina
Ncnb Corp
N. C. Nat. Gas
Public Service of NC
Ruddick Pref
Ruddick Common
Wellington Hall
New York Stock Exchange Index At Noon
AP report shows the noon index readings for the New York Stock Exchange with sector moves. Prices listed include 4.62 for a tareeva related item and 69.28 for another index, with small declines noted.
MENTIONED IN THIS ARTICLE
NEW York Stock Index
New York
New York Stock Exchange
Tareeva Industrial Eecey
MD Osn Eis
Court Vote Set For Tuesday On Nixon Supreme Court Nominees
The Senate Judiciary Committee voted to take a final up or down decision no later than noon Tuesday on Nixon's picks Lewis F. Powell Jr. and William H. Rehnquist. A bid to reopen hearings for Rehnquist was rejected 10 to 5, while Bayh and others plan to submit written questions on voting rights, party affiliations, and alleged inconsistencies in Department of Justice testimony.
MENTIONED IN THIS ARTICLE
Washington
Senate Judiciary Committee
Nixon
Supreme Court
Lewis F. Powell Jr
William H. Rehnquist
Birch Bayh
D-Ind
Rehnquist
Bayh
Phoenix
Ariz
Justice Department
Bay
Senate
Eckerd Drugs approves twoforone stock split
Eckerd Drugs announces a special shareholders meeting approval to amend the certificate of incorporation increasing authorized common shares to effect a two for one stock split. The split takes effect Friday Nov 19. Certificates for the additional shares will be mailed Dec 7 to shareholders of record Nov 19.
MENTIONED IN THIS ARTICLE
Eckerd Drugs, Inc
Schenck Named President of Carolina Yarn Association
James Schenck of Tex Elastic Corp. has been named president of the Carolina Yarn Assn. for 1972.
MENTIONED IN THIS ARTICLE
James Schenck
Tex. Elastic Corp
Carolina Yarn Assn
O'Banion Named Director of NC Innkeepers Assn
O Banion of Holiday Inn Downtown has been named a director of the North Carolina Innkeepers Association. The appointment adds experience from a prominent hotel network to the trade group and supports industry leadership in the state.
MENTIONED IN THIS ARTICLE
Holiday Inn
North Carolina Innkeepers Assn
Storm Laura stalls near Cuba then moves northward
Laura, after dumping heavy rain on Cuba and bringing 70 mph winds, sits about 130 miles south of the island and is forecast to drift north. A Havana radio report says 20 homes were destroyed in Pi pane del Rio and 26,172 people evacuated from low-lying areas as gale conditions spread toward the Gulf of Mexico.
MENTIONED IN THIS ARTICLE
naAir
YjMelv Sho
Vants St
Memorex Cp
Merck
Chim
MGM
New York
Exchaneg
Chris Craft
Monsant
Arklgas
CocaCol
Montdut
Amera Oli
le Olg Pal
Mont Pw
Atlas Cp
Collins Rad
MorNor
Barnes Eng
Motorola
Barnwel Ind
BrascanLt Ib
Colu Gas
Mtstatt
CmbEn
Nabisco
NatAirin
Rte
CdnJavin
Certron Cp
Comsat
Nat Can
Cinerama
Eave
Dixityn Cor
Frontier Air
Niag MP
CPC
Norfolk
Norris
Instrum
CrowCoill
NoStaPw
Kin Ark Corpuy
Northrop
Kingsford
Dan River
Nwst Airl
Saace Lafay Radio
Va Dart Ind
Ye Norton
DaycoCp
NortSim
Va LoewsThe
Marshal Ind . Deere Co
del Mate
OhioEdis
Milgo Elect
Delta Air
Newldria Mn
Okla GE
Okla Ngs
Mwpark Mn
Denny Ast
DetEdis
Va Nor Cdn
Diam Sham
Vel Olin Corp
Wve U
Ve Nuclear Am
Dillon Co
Ye Omarkin
OKC Corp
Otis Elev
Disney
Permaner
Phoenix Stra ‘Or Pepper
Va Owen Il
Pacgel
Resortsintime
Dressind
Duke Pw
PacPetri
Ya Statham Ins
duPont
PacPwLl
Syntex
Pac T&t
Dynam Am
Panams
Va Telepromtr
KasKodak Ja
Panh EP
Vikoa Inc
Eipasong
PaPwLt
Va VL Ncorp EltraCp
PennzUn
Westates Ptl
Emer el
PepsiCo
Wilshire
Yates
Ethy
Phila el
Yonk Ra
Evans P
PhilMore
Phill Pet
Associated Press
Unoffic
Fansteel Inc
Firestone
Publkind
Questor
Ralston P
ForMcKs
Ranco Ine
FreepMin
Raytheon
Fruebf
RCA
Reading Co
GAC Cp
Rdig Bate
GAF Corp
Reich Ch
RepubSt
Gannett
Reviow
GenElec
Va Gen Tire
Genesec
Safeway
GaPacif
Stjeem
Gerber
Gettyo
Stregisp
Um Use
Arizona
Gillette
Glen Alden Sa
Global Marine
Val ScherPig
SCM Corp
Alleg Pw
Ny Goolyr
SCOA
Allied Ch
Va AllisCh
A&p
Bet
Greyhound
Ye Ve Signal Co
Ameipw
Soucale
Halliburt
South Co
Southa Pac
Am Motors
Thoernwal
Sr Amp Inc
Ampex Corp
Blaaz
Stauf
Ancorp
Howmet
Apeco Cp
Stevens
Idaho Pw
Ideal Bas
Swift Co
Inger Rand
Atlas Corp
Avco Corp
IBM
Tampa
Teledyne
Telex Cp
Babckw
Tenneco
Tesoro Pet
T&t
Texaco
Beckman
Texetrn
Bell How
JohnMan
JohnJon
Benguet Beth Sti
Jon Logn
Jon Lang
Me Thrift Or
Jostens
TimesMir
Boeing Co
BoisCas
Matt Bas Todd
Borden
KaisAlum
Joya
BorgWar
Brist My
KayserRo
Kennecott
E Budd Co
KimbCik
Ge Bulovan
UAL Inc
Bunkr Ramo
Koppers
UMC Ind
Buri Ind
Krattco
UN Carbide
Ve BuriNor
Kresgess
UN Elec
Ve Burrgns
Kroger
UnonCal
Uu — i
Cov Lee
Dee
Cadence Ind
UN Pac Cp
Cal Finani
LearSieg
Lehpcem
Uniroyal
LehVal Ind
Camp Sp
UnitCp
Caro
Levitz Furn
Cartwal
US Indust
CastieCke
CaterTr
US Steel
Cencoins
Univ Oil
Lockheed Air
Cerro Co
VendoCo
Vaeipw
LukenSt
Iaties Lvo Corp
WachCo
Lykes Yngst
WarLam
Macke Co
Magnvox
Marath
Ve Weyerns
Marco
Whirl Cp
Mar Mid
Martinm
Whittaker
Associated iPress
Mvaydstr
Williams Co
WinnDx
Weolwtc
McGrah
Mead Corp
Xerox Cp
Zale Corp
Zenith
Miami
Laura
Cuba
Radio
Havana
National Hurricane Center
Caribbean
Joe Pelissier
Morgan rules out 1972 North Carolina governor bid
Attorney General Morgan states he will seek re election in 1972 rather than run for governor. He cites unfinished work in consumer protection Police Information Network Organized Crime Council and 12 new staff attorneys as reasons he cannot delay his decision. His wife says a Senate run would occur only if Jordan does not run.
MENTIONED IN THIS ARTICLE
Morgan
Attorney General’s Office
North Carolina
Police Information Network
Organized Crime Council
Katie
Senate
Jordan
Court records study shows high juvenile contact rates
A Britannica study estimates that 20 percent to over 33 percent of boys acquire police or court records before turning 18. The finding highlights the prevalence of early juvenile contact with the justice system and raises concerns about factors driving such exposure.
MENTIONED IN THIS ARTICLE
GET
Encyclopaedia Britannica
Senate rejects cutoff of Indochina war funds
The Senate Appropriations Committee voted 14 to 10 against an amendment to withhold Indochina war funds except to withdraw U.S. forces. Senator Case calls it encouraging while Churchill and Cooper vow to push a House plan to limit funding. Nixon views the House vote as backing gradual disengagement though open to a negotiated end.
MENTIONED IN THIS ARTICLE
Washington
Senate Appropriations Committee
U.S
Clifford P. Case
Rn.j
Senate
Nixon
Congress
House
Frank Church
Didaho
Church
John Sherman Cooper
R-Ky
White House
Lilly Co Answers Criticism By Columnist Jack Anderson
Lilly and Company responds to Jack Anderson's Enterprise column, defending Darvon as an effective pain killer in proper doses since 1957 and denying claims of addiction or substitution for narcotics. The firm notes no injectable Darvon is marketed and warns against oral abuse and nonspecific statements that undermine public health confidence.
MENTIONED IN THIS ARTICLE
Anderson
U. S. Public Health Service
Addiction Research Center
Lexington
Paris Talks U S and S Vietnam Push For Peace
At the 136th Paris talks session Ambassadors Porter and Lam urged constructive replies and positive action to end the stalemate. North and South Vietnamese representatives defended their positions as U S options and air power remained under discussion. The next conference is set for December 2 with Thanksgiving Day holiday observed in the United States.
MENTIONED IN THIS ARTICLE
Paris
United
Dor Pham Dang Lam
South Vietnam
Asone
U.S
Vietnam
Willian J. Port
The
Republic
Ter
Pham Dang Lam
Lam
Porter
Behdcal
Nixon
Xuan Thuy
United States
Tien
Indochina
Getting Someone's Goat Origin Story in Racing
The phrase getting someone's goat traces to horse racing where a calm horse is kept with a goat. Rival trainers would steal a rival’s goat the day before a major race to unsettle the horse and gain an advantage.
Also Mentioned on This Page
Stock Market Report
American Exchange
Dow-Jones
A.P. Stock
Schenck
O’banion
Morgan’s
Edward P. Boland
D-Mass
Hanoi
Boland
Enterprise
Jack An
Derson
Eli Lilly and Company
U.S., S. Vietnam
Enweee
Nguyen van Tien
High Point Enterprise
High Point Enterprise, Inc
Church Avenue
High Point
N.C
Okly
AP News
Ward-Griffith Company
National Advertising
Tassa
Main St
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