Nixon Phase 2 outline Spurs Modest Trading on Weakened Market
The noon Dow 30 fell 6.72 to 895.08 as declines outpaced advances about 3 to 2 on the NYSE. Analysts called the downturn disappointing but not unexpected after President Nixon's address, with concerns over how long government controls would last. Large blocks moved before noon including 244,900 Clark Equipment shares at 41 and 150,000 Greyhound shares at 23. The AP 60-stock average dropped 1.6 to 27.3 amid mixed sector losses.
MENTIONED IN THIS ARTICLE
Clark Equipment
Greyhound
Colline Rad
Ve Colu Gas
Monsant
AO Indust
Comwe
Ark Best
Comsat
Arklgas
Motorola
Atlas
Barnwel Ind
Mtstatt
Brascanlt
Cont Corp
Nabisco
Iltut
Certron Cp
Va Cinerama
Ve Natcashr
Olxityn Corp Rd
Cox
Ic Rouse Hind
Nat Steel
CrowColl
Frontier Air
Natomas
Uy Va
Dan River
Dart Ind
NL Ind
Norfolk Is IT Corp
Dayin PL Deere Co
Phil Norris
Jetronic Ind
del Mate
DetEdis
I. — Northrop
Ve KI al
Diam Sham
Nwst Airl
Disney
Norton
LoewsThe
Pepper
Nort Simon
Marshal Ind
DomeMns
McCrory
DowChm
Milgo Electra
Duke Pw
OnloEdis
Newldria Mn
duPont
Okla GE
NewPark Mn
Olin Corp
Omarkin
OKC Corp
Otis Elev
Ormand Ind
Ve East Air Lin Easkodakia
Ozark Airline
S Eaton
Owen Cng
Owen Ili
Bermaner
Phoenix Stic Hi Eg&g
Puritan Fash
Penn Cent
Penn Dix
Isa
Ve Fair Inc
Ve Penney JC
Firestne
Pfizer
Firestone Wi
Phelps D
Westates Pti
Phila Et
Wilshire
Laf Yates Ind
Ve Flintkote
PritMorr
Yonk Ra
Se FlaPwlt
Phill Pet
Pitneyb
Associated Press
Puebdlo
New York
GAF Corp
Pullman
Gannett
Questor
Ralston P
Va Raytheon
RCA
Rdg Bate
Reich
RepubSt
AetnaSfe
Revion
Glen Alden Gettyo
Rohr Cp
Sy Roy Ccola
AllegLud
Gillette
M E RoyDut
Stroem
Alcoa
Gt West Fin
StRegis P
AMBAC
Gtwaunit Vo
AmHess
Grn Grant
Rey SanFeint
Sreyhound
Grummacp
ScherPig
AmBaest
Gulf Oil
M Corp
Gustutil
Scoa Ind
Gulf
Scott Paper
Ameipw
At&t
Va Smith
Am _ T&T
AMF Inc
Scar
AMP Inc
Hobidyinn
Soucale
South Co
Ampex Corp
Hongwil
Soungas
Southn Pac
Apeco Cp
Arch
SouthrnRy
IdahoPw
StBrands
Kolisman
Richfid
Atles Corp
StOllind
Avco Corp
INA Cp
STOMJ
Sunil Ib
Beckman
SwiftCo
BeechAir
T&t
Systron
Bell How
Bendix
Jewel Sy
Tampa el
BenefiCp
Tek Corp
Tektronix
As Teledyne
Jewel Co
Telex Cp
JonnMan
Tenneco
Boeing Co
Texaco
Tex G Sul
Texas
Brit Pet
Kktextron
Brunswk
Kaisalum
Thiokol
Bucy Er
Ms Kan GE
Thrift Dr
Budd Co
Kanplt
TimesMir So
Bulovaw
Katy Ing
Timken
Aha — Bunki Ramo
KayserRo
Todd Ship
Burl Ind
Kennecott
Burrgas
KimbCik
Val TriCent
WI Trw Inc la
Cal Finan
Krico
CampRik
Kresgess
UAL Inc
Camp Sp
Kroger
UMC Ind
UN Carbide
Carrier
LearSieg
UN Elec
Vwa— CartWal
CastieCke
We Lehpcem
UnOilCal
CaterTr
Cenval Ind
VW UN Pac Cp
Uniroyal
Air
Erro Cp
Lockheed Air
Loews Corp
Lone Starin
US Steel
Chris Craft
Lonesga
Univ Oil
Kexva Se
Longisti
Univ Cptr
Upjohn
Va LukensSti
LVO Corp
Ste Varian Assoc
Ve 'Lykes Yogst
Ve 'Lykes Yogst Com 64 — Ve! VendoCo 9 11% 11% 1M —M—M— Vaeipw
MackeCo
Macy RH
WarLam
Washwp
Magnvox
WstnAir
Marath
Sle
Maydstr
Whirl Cp
Maytag
White Motor
McGrah
McDond
Whittaker
Williams Co
Nixon outlines wage and price control plan and rollback policy
Nixon says windfall profits are different and pledges to pass cost savings to consumers by cutting prices rather than imposing excess profits taxes. He confirms standby powers may not be used to curb interest and dividends and stresses reliance on voluntary cooperation with enforcement backed by courts. The plan splits the economy into three segments with pre announced standards by Nov 13 and board oversight to approve or reject increases.
MENTIONED IN THIS ARTICLE
Nixon
The
Price Commission
White House
Ple
Nntion” Et Ee
Board
Py Uy
New York Stock Exchange Index Report
Market figures show mixed results across sectors at noon on the New York Stock Exchange. Industrials and transportation rebounded while utilities and finance edged lower amid the day’s trading.
MENTIONED IN THIS ARTICLE
NEW York Stock Index
NEW York
New York Stock Exchange
Coscceces
West Coast dock workers ordered back to work by court ruling
Dock union leader Harry Bridges orders 15 000 West Coast longshoremen to return to work Saturday per a court order after Nixon invoked Taft Hartley. Nationwide strikes by 45 000 East Coast Gulf ports and 100 000 coal miners continue.
MENTIONED IN THIS ARTICLE
San Francisco
Harry ‘Bridges
Nixon
East Coast
Gulf Ports
Puerto Rico
United Mine Workers
Washington, D.C
West Coast
Pacific
Gulf
Bridges
International Longshoremen’s and Warehousemen’s Union
U N Dues Mentioned In Regard To Taiwan
U S officials link American funding for the United Nations to keeping Nationalist China in the UN. Rogers has discussed the financial angle with foreign ministers, warning reductions could hurt UN finances and U S relations. Officials deny it is a coercive tactic and argue Taiwan represents a viable nation with UN membership since founding.
MENTIONED IN THIS ARTICLE
New York
US S
China
United Nations
World Organization
United States
Taiwan
U.S
U.N
William P. Rogers
Nixon
Washington
America
North Carolina Foresees Lunch Price Increase After Freeze
Raleigh AP reports NC school lunch prices may rise for paying students after the wage price freeze ends. Ralph Eaton, head of the Division of School Food Services, says federal aid remains at six cents per meal, while free and reduced lunch reimbursement increases to 45 cents. Some districts may shift costs to paying students, though he believes schools can manage with tighter budgets.
MENTIONED IN THIS ARTICLE
Raleigh
Nixon
Congress
North Carolina
Ralph Eaton
Division of
School Food Services
Easton
Mixon
Seven Divorces Granted In District Court Session
Seven divorces were granted this week during the civil session of the District Court. Cases include Elaine S. Cole versus Herbert Hoover Cole, Bonnie Mae Phillips versus Kenneth Ray Phillips, Helen Caldwell versus James Ray Caldwell, Martha Fowler Gilliam versus Bruce Edward Gilliam, Sammie Lee Newman versus Jo Ann Jones Newman, Daniel O. Brumfield Jr. versus Lillian M. Brumfield, and James Wallace Weston versus Phyllis Elaine Skeen Weston.
MENTIONED IN THIS ARTICLE
Elaine S. Cole
Herbert Hoover Cole
Bonnie Mae Phillips
Kenneth Ray Phillips
Helen Caldwell
James Ray Caldwell
Martha Fowler Gilliam
Bruce Edward Gilliam
Sammie Lee Newman
Jo Ann Jones Newman
Daniel 0. Brumfield Jr
Lillian M. Brumfield
James Wallace Weston
Phyllis Elaine Skeen Weston
Fall Festival Set At New Market
The New Market School hosts its annual fall festival on Saturday from 4 to 7 30 p m at the ball field with a flea market bake sale cake walk horror house horseshoe throw can ball fishing and grab bags. A hamburger steak supper runs 4 to 7 p m in the cafeteria with proceeds benefiting the PTA budget for school projects.
MENTIONED IN THIS ARTICLE
Sophia
New Market
PTA
Meat Inspectors Named In Bribes In Boston Indicted
Forty Boston area meat inspectors, three meat processors, and six company officials were indicted on bribery conspiracy and perjury charges relating to higher meat grades. The probe began in 1969 with FBI and Agriculture investigators. Penalties include fines up to 20,000 or triple the bribe value and prison terms up to 15 years. New inspectors will replace those indicted.
MENTIONED IN THIS ARTICLE
Boston
U.S. District Cou
U.S. Atty
Herbert F. Travers Jr
FBI
Department of Agriculture
Washington
Teachers Hear Talk On Union
In Charlotte the North Carolina Association of Educators leader said teachers gain more from a professional association than a labor union. Dr. A C Dawson urged independence and cited an AF of T meeting last month attended by about 50 teachers. He noted NCAE efforts for pay raises and continued advocacy with state officials.
MENTIONED IN THIS ARTICLE
Charlotte
North Carolina Association of Educators
A. C. Dawson
NCAE
Dawson
American Federation of Teachers
General Assembly
Also Mentioned on This Page
Stock Market Report
American Exchange
Carole Martin
Dow
Werrie
Tex
NEW York Exchange
A.P. Stock
TOCK
Caoneotes Press
Osens
Ails
Ind. Util
Fon
L.Y
Dow-Jones
ILWU
Are- Bridges
Trict Court
Spencer Wil
PMA
Teamsters Union
U.N. Dues
High Point Enterprise
High Point Enterprise, Inc
Church Avenue
High Point
N.C
Okly
Ye Ward-Griffith Company
National Advertising Representatives
Travers
Reynolds Securities
Sheraton Hotel
Hayden O. Kepley, JR
Ann Whitley
Winston- Salem
Reynolds Securities Inc
Wachovia
Winston-Salem
N. C