Market slips as six-session decline continues
New York stocks fell again sending the Dow Jones industrial average down 3.50 to 52.15 at noon. Losses led gains, with motors farm implements and aircraft under pressure while mail order retail rose. Analysts blame weak investor cash flow, fund redemptions, Phase 2 Nixon program concerns, and possible protectionist policies for the mood.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Dow
Associated Press
New York Stock Exchange index at noon
AP report shows slight declines across sectors at noon with the industrial index near 56,197 and transportation around 37.63, reflecting a small overall dip in activity. Market movers include minor losses across several sectors as investors await further guidance.
MENTIONED IN THIS ARTICLE
New York
Tec Exchange Index
Governor’s push on appointments met with mixed results
A August effort by the governor to enforce orders for staffing state jobs led department heads to respond, with some appointments backfiring. James Perce of Charlotte was placed on the North Carolina Industrial Commission at $17 000 annually, replacing a union advocate, but Pierce faced a pending 90 day jail sentence and a $300 fine in District Court.
MENTIONED IN THIS ARTICLE
Earp
James Perce
Charlotte
North Carolina Industrial Commission
Pierce
American Federation of State, County and Municipal Employes
AFL Cio
Over-The-Counter Bid-Asked Prices Snapshot
NASD representative inter-dealer prices as of about 11 a.m. show bid and ask quotes for several entities. Prices exclude retail markup markdown or commissions and markets fluctuate during the day. Notable entries include N.C.N.B. Corp 40 41 and Public Service of N.C. 12 12 percent among others.
MENTIONED IN THIS ARTICLE
AMIC
Carolina Caribbean
Hardee’s
Integoa
Life of
Carolina
N.C.N.B. Corp
N. Car. Nat. Gas
Viet Cong Regiments Ordered to Harass Saigon Outskirts
Four Viet Cong regiments were ordered to step up attacks in eleven provinces around Saigon while officials say they remain a weak force under 3,100 fighters. No major battles have occurred though shelling and raids on small government outposts continue near Trang Son and Tay Ninh.
MENTIONED IN THIS ARTICLE
Saigon
le Trung Hien
Hien
Nguyen van Minh
Trang Son
Tay Ninh
U S Plywood Champion Papers Reports Record Q3 1971 Sales
U S Plywood Champion Papers Inc posts a record third quarter 1971 with net income of 14.076 million on 420.612 million in sales. Earnings per share after preferred dividends reach 40 cents, up from 22 cents in Q3 1970, with diluted income per share from operations at 38 cents versus 22 cents a year earlier.
MENTIONED IN THIS ARTICLE
An. New York
American Stock Exchange
M—Ao Indust
Arklgas
Asamera Oil
Atlas Cp
Barnes Eng
Va Barnwes Ind
Dillard
Dixilyn Corp
Dynalectia SM
Va Felmont
Frontier Air
Instrum Sys
Iti Corp
Jamesway
Ile Jetronic Ind Jupiter Cp
Kaiser
Kin Ark Corp
Ma Kingsford
Atay Radio
Lee Ent
Ling Tvgt
Va Loewside
Marsral
Va McCrory
Midh
Midw
Milgegg Vt
Newldria Om
NewPark Am
Nor Cdn Ols
Nuclear Am
OKC Corp
Ormandind
A Oeark Airline
Permaner
Va Phoenix Stl
Puritan Fash
Statham Ins
Viewlex
Vikoa Inc
VLN Corp
U. S. Plywood - Champion Papers, Inc
Fields Named Burlington Design Chief in Furniture Division
Thomas V. Fields joins Burling ton House Furniture Globe Division of High Point as director of design and product development. He previously held a similar role at Johnson Carper Division of Singer Home Furnishings. Robert C. Lemones, VP of marketing and sales, made the announcement.
MENTIONED IN THIS ARTICLE
Thomas V. Fields
Burlington House Furniture
Globe Division
High Point
Robert C. Lemones
Fields
Burlington
Johnson Carper
Singer Home Furnishings
Okly
N.C
Associated Press
High Point Enterprise, Inc
Ward-Griffith Company
National Advertising Representatives
Kosygin Downplays Disruptions in Canada Relations
In Ottawa Kosygin told reporters that anti socialist protests in Montreal and elsewhere would not affect Canadian Soviet ties. He reassured Prime Minister Trudeau and Canadians that Moscow would remain a friend to Canada and that northern friendship would not threaten the United States or other nations.
MENTIONED IN THIS ARTICLE
Ottawa
Alexei N. Kosygin
Moscow
Canada
Canadiens
United States
Montreal
Kosygin
Soviet Union
Pierre Elliott Trudeau
Washington
N C Banks Lower Prime Interest Rate
Wachovia Bank and Trust Co. of Winston-Salem led a North Carolina cut from 6 to 5 percent. First Union National and North Carolina National followed, with Guaranty Trust Co. of New York first to announce the move. The prime rate, charged on loans to top customers, had stood at 6 percent since July.
MENTIONED IN THIS ARTICLE
Associated Press
Wachovia Bank and Trust Co
Winston-Salem
North Carolina
Charlotte
First Union National
North Carolina National
Guaranty Trust Co
New York
Five U S Killed In Combat In Vietnam
Saigon reports five American deaths in combat last week the lowest weekly combat toll in over six years amid continued U S withdrawal. Wounded rose to 84 from 72 the prior week while nonhostile deaths reached 15, five more than the prior period.
MENTIONED IN THIS ARTICLE
U.S
U.S. Army
Saigon
Vietnam
Public Members Named to North Carolina Milk Commission
Gov. Bob Scott announced the seven members of the revamped North Carolina Milk Commission. Names include B. Cameron Langston of Grifton, Franklin R. Poisson of Charlotte, Roy V. Atwater of Yanceyville, Herbert Hawthorne of Statesville, W. Archie Blount of Winston Salem, W L Hemphill of Greensboro, and B F Nesbitt of Fletcher. Five are public members with one producer and one distributor. Nesbitt is the producer member. Hemphill is a distributor executive with United Dairies. Langston is active in Farm Bureau circles. Poisson is NC National Bank vice president.
MENTIONED IN THIS ARTICLE
Raleigh
Bob Scott
North Carolina Milk Commission
B. Cameron Langston
Grifton
Franklin R. Poisson
Charlotte
Roy V. Atwater
Yanceyville
Herbert Hawthorne
Statesville
W. Archie Blount
Winston-Salem
W.L. Hemphill
Greensboro
B.F. Nesbitt
Fletcher
General Assembly
Hemphill
United Dairies
Nesbitt
North Carolina Farm Bureau
Langston
Lenoir County Farm Bureau
Poisson
North Carolina National Bank
Senate acts to restore school lunch subsidies nationwide
The Senate approved a bill ordering the Nixon administration to drop its plan to end lunch subsidies for about 1.5 million students and increased the federal subsidy to 46 cents per meal. Senate Agriculture chair Herman Talmadge urged a final answer for needy children. House backing was 340 to 0. Estimated program cost ranges from 1 to 1.3 billion dollars.
MENTIONED IN THIS ARTICLE
Washington
Senate
White House
Herman E. Talmadge
D-Ga
Senate Agriculture Committee
Agriculture Department
Talmadge
House
Gate City Savings Loan Robbery Reported in Greensboro
The West Lee Street branch of Gate City Savings and Loan Co. in Greensboro was robbed around noon. Police described the suspect as a 5 foot 9 inch Black man wearing a green coat and white tennis shoes. amount stolen not yet determined.
MENTIONED IN THIS ARTICLE
Greensboro
West Lee Street
Gate City Savings and Loan Co
Also Mentioned on This Page
Stock Market Report
ClevElii
MGM
Col Pal
CBS
Va MobilOil
Monsant
A & CmbEn
Montout
Wis Winte Co
Air Lin
Nabisco
Conti Corp
NatAirin
Cowles Com
Nat Indust
Cox
Mila
Nat Steel
Va Cpc Intl
Newmat
Ning MP
Va NL Ind
Dan River
Norfolk
Wa Dart
Norris Ind
Noamrkk
Otis Elev
Dynam Am
Owen Cng
East Air Lin
Owen Til
BasKodakla
BasKodakla 199 84% 84% 4% + We Eaton
Eg&g
Eipasong
Pac T&t
PanAm WaAir
Ethyl Cp
Evans P
Va Panh
Penn Cent
Fairch
Penn Dix
Fair Ind
Penney JC
Fansteel Inc
PaPwlt
Ala
PennzUn
Fedders
FedDeptStr
Bensico
Filt
Phill Pet
Fla Pow
FMC Co
Fruendt
Pueblo
GAC Cp
Pacsplt
GAF Corp
Gam Sko
Pullman
I'e New York
New York Stock Gannett
Questor
Billee Exchange
Ales Net GenElec
Ralstonp
Ranco Inc
GenFood
Saythoon
RCA
GenMet
Rdg Bate
GnTelEl
le Reich Ch
Gen Tire Ib
Arizona
la Wu
Gillette
Glen Alden
Roy Ccola
A Alley Co
Global Marin
Eas A
RoyDut
Alleglud
Goodrich
Nh — Es Ryder
AlleaPw
Goodyr
Grace
AlliedStr
Grant W
Safeway
A&p
Greyhound
Gulf Oil
SCM Corp ‘Ee
Scoa Ind
We Gulf
Ameipw
Halliburt
SearsRo
Harris Int
Am Motors
AMP Inc
Souvthn Pac
Ampex Corp
Houslp
Howmet
Idaho
St Brands
Armco
Ideal Bas
Kollsman
Atlas Corp
Inger Rand
Avco Corp
Avnet
Rabek W
SunOil Ib
Swift Co
Jose
Systron Donn
Beckman
Selione Beef
Beecher
Lowapsv
Bell How
Tampa el
Va Bendix
Mi Itek Corp
Tektronix
Peg Detages Teledyne
Jewel Co
Va Telex Co
Betr Sit
Va JonnMan
Tenneco
Jonalson
Texaco
Boeing Co
BoisCas
Texas
Thiokol
Textron
Kanplt
TimesMire Thrift Dr
Budd Co
Katy Ind
He Bulovaw
Kayser Ro
Timken
Alla
Bunki Ramo
Todd Ship
Buri Ind
Ve Kennecott
Trans W Air
Kerr McG
Transmra
TRW Inc la
Koppers
Cadence Ind Ve
Kraftco
Kresgess
al Kroger
Va Ual Inc
Camp Sp
A Ois
al Aes Umc Ind
E LearSleg
Lenpcem
Velun Elec
CartWai A
Lerma
Levitz Furn
Uniroyal
Unit Air
Cenco
UnBrands
Cessna Air
Lockheed Air
Ches Ohio
Loews Corp
Indust
ChiMil Spp
Chipneva
Lonesga
US Steel
Chris Craft
Oh Chrysir
Univ Cptr
Uptown
LVO Corp
Clark Eq
Lykes Yngst
Varian Assoc
Macke Co
VendoCo
Macy RH
Mar
Maytag
WnUnion
McDond
Weyerhs
Whittaker
Mead Corp
Williams Co
Merck
Weetwich
Xerox
NEW York Exchange
A.P. Stock
Ind. Rails Util
Aiaed
Util Fon. L
Dow-Jones
DOW Jones
NEW York Stock Index
Pace
Globe
Riffraff
N.C. Banks
New Milk Commission
High Point Enterprise
Church Avenue
Accutron Center
Sales & Service
Am, Helig Fa
Jewelers
Gate City Savings. Loan
Hedgecock Builder Supply Company of
Ward ST
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