Stock Market Drops on Recession Fears and Profit Taking
New York stocks fell for the third straight day as profit taking and recession fears dominated trading. The Dow slipped 11.27 to 693.75 amid widespread declines across 1,484 issues. automakers Ford, General Motors and Chrysler all shed values. Oil and gold stocks fluctuated, with mixed moves in major miners and oil groups. The NYSE composite index eased 0.64 percent to 36.90 as market activity remained bearish.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Paul W. McCracken
Treasury
William E. Simon
Eldon Grimm
Burr, Wilson & Co
American Stock Exchange
Ford
General Motors
Chrysler
Carrier Corp
NYSE
London
ASA, Ltd
Campbelled Lake
Zenith
White House
Getty Oil
Standard Oil
Indiana
Kerr McGree
Andex
High Point Enterprise Publisher and rate card notice
The High Point Enterprise outlines publication details and subscription rates for daily and Sunday editions, mail and carrier options, and tax notes. It confirms Associated Press rights and notes carrier-independent contractors and payment responsibility.
MENTIONED IN THIS ARTICLE
High Point Enterprise
TE High Point Enterprise, Inc
Church Avenue
High Point
N.C
THE
Associated Press
AP News
Post
High Point Enterprise, Inc
Ward-Griffith Company
American stock dividend terms explainer notes abbreviations
A compact glossary of dividend and stock action abbreviations used in the article. It lists terms like extra or extras, annual rate plus stock dividend, liquidating dividend, declared or paid in preceding 12 months, and other codes for ex dividend, stock distribution, accreptions, and related actions. The piece outlines combinations such as declared or paid this year with accumulative issues, paid this year with omitted dividends, and ex distribution scenarios. It also includes notes on rights, warrants, and bankruptcy or reorganizations affecting foreign issues.
MENTIONED IN THIS ARTICLE
E&x
Bankrupbcy
Stocks and Quotations From NASD Interdealer Prices
Inter dealer NASD quotations as of about 11 a.m. via E F Hutton High Point office. Prices exclude retail markups and commissions. Listings include Amer Furn Be 3% Anheuser Busch 27% Coca Cola Bil. Con. 54% Pub. Serv. of N.C. 85% Rex. Plastics 8% and others with fractions and decimals. Market moves vary through the day.
MENTIONED IN THIS ARTICLE
High Point
E. F. Hutton & Co. Inc
ASK
Amer. Furn
Anheuser Busch
Atlantic Pep
Bassett Furn
Bluefield Sup
Com. Fin. Corp
Coca Cola
Daniel Int
Dmndhd Corp
Henredon
Hickory Furn
J. B. Ivey
Lane
Ncnb Corp
N.C. Nat. Gas
NW Inv. Co. Bie
Phillips Foscue
Sheriffs' Association Organized in Buncombe County
The Buncombe County Sheriff's Association was organized at a meeting attended by about 100 persons on Wednesday night. A fund drive was approved. The sheriff's department includes about 80 deputies 40 auxiliary members and around 25 special deputies.
MENTIONED IN THIS ARTICLE
Asheville
Buncombe County Sheriff's Association
Sheriff's Department
Boston Students Return From Charlotte Symbolic Recall
Four Boston students who observed busing and integration in Charlotte will fly home today under a symbolic recall by the Boston School Committee. The gesture, described as symbolic and not a real recall, follows quiet conditions this school year amid ongoing court-ordered integration and past clashes at Olympic High. Linda Lawrence, one Boston visitor, said parental pressure has fueled Boston’s tensions and suggested improvements like better school cooperation and more extracurriculars to ease race relations. The group traveled with West Charlotte High School leaders and will depart after a two and a half day visit.
MENTIONED IN THIS ARTICLE
Charlotte
N.C
Boston
Boston School Committee
Mecklenburg County
Sam Messina
West Charlotte High School
West Charlotte
Charlotte High
West Charlotte High
Harding High School
Linda Lawrence
Linda
Messina
Bob Messina
Dana Gonsal
Barbara Steer
Violence at Independence High Sparks Schoolwide Race Clash
Five students injured at Independence High School in Charlotte as rumors of fights elsewhere touched off clashes in the mall area before classes. Allen Baucom, 17, white, treated for an eye injury. four others not hospitalized. Police separated students and classes proceeded on schedule.
MENTIONED IN THIS ARTICLE
Charlotte Memorial Hospital
Allen Baucom
Defense Questions Dean in Watergate Trial Crosses
The trial of five Nixon aides features cross examinations by Handley and Wilson. Dean faces questions about pressuring Mitchell and taking $4,850 for a honeymoon from Haldeman’s cash fund. Sirica rebukes Wilson as unfair while seeking truth.
MENTIONED IN THIS ARTICLE
Hundley
Dean
Mitchell
White House
John J. Wilson
H.r.haldeman
Haldeman
Sirica
Asheville Politician Ted Dent Jr. Found Shot Dead
Raymond Theodore Ted Dent Jr. 41 former state senator and past State Republican treasurer was found shot to death in his Asheville apartment. Authorities tentatively rule it an accidental self shot after he tried to unload the weapon moments before. Dent led a mica mining company with interests in Mitchell and Yancey counties and served in the Senate in 1967 and 1969 from a district including Buncombe Madison Mitchell and Yancey counties, serving as minority whip in 1967.
MENTIONED IN THIS ARTICLE
Asheville
N.C
Raymond Theodore
Ted’ Dent Jr
Dent
Mica
Mitchell
Yancey
North Carolina
Senate
Buncombe, Madison, Mitchell
Yancey Counties
Recession Fears Highlight Ford Economic Talk
McCracken and Seidman debate recession risks and stagflation while praising policy work. They stress inflation as the main foe with two problems, urging easier credit and looser money for growth. Townsend labels recession broad across auto and building sectors.
MENTIONED IN THIS ARTICLE
Steel
Seidman
McCracken
Ford
Independent
Federal Reserve Board
Detroit
Chrysler Corp
Lynn A. Townsend
Newsmen
Governor's Campaign Mail Sent At State Cost
An aide to Gov. Jim Holfhouser admitted a news release detailing the governor's itinerary on a campaign swing through the 4th District was mailed last week at state expense. Deputy press secretary Jerry Blackwelder said the release was attached to the governor's weekly media schedule. He estimated about 110 mailed by regular mail and about 15 sent to state officials via interoffice mail. No comment from the governor was obtained.
MENTIONED IN THIS ARTICLE
Raleigh
Jim Holfhouser
Jerry Blackwelder
Ward Purrington
Governnor
Blackwelder
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