Market Slide Deepens on Wednesday on American Exchange
The stock market fell sharply in a active afternoon session with losses beating gains about 2 to 1. Dow Jones at noon dropped 5.15 to 883.03 as analysts linked the retreat to the Aug 30 low and lingering money market concerns. Several issues offered resilience with some stocks like Rheem and Teledyne advancing while Dow components and blue chips declined.
MENTIONED IN THIS ARTICLE
New York
Dow Jones
Bache & Co
Wall Street
Associated Press
Bethlehem
United Aircraft
Goodrich
Goodyear
Zenith
Alcoa
Westinghouse Electric
New York Central
Rheem
Sheraton
International Telephone
ITT
Teledyne
Sick
Lorillard
McDonnell Douglas
Polaroid
IBM
United Air Lines
Pfizer
American Stock Exchange
Merrill Island
Nuclear Corp
United Asbestos
Goldfield
Bunker- Ramo
Canadian Export Gas & Oil
Hitco
Stock Dividend and Ex Rights Abbreviations List
A compact glossary of financial shorthand includes DOW JONES codes and numerous prefixes and letters. Entries cover ex dividend ex distribution stock dividend and related actions with status like declared paid 1967 or 194 percent plus stock dividend.
Forecast for the Carolinas and Georgia region today
Variable cloudiness with scattered showers and isolated thunderstorms mainly east of the mountains and near the coast this evening. Clearing tonight and Thursday with cooler air. North Carolina highs near 60 in the mountains and 70s elsewhere. lows near freezing in the mountains to around 50 along the coast. Georgia will clear and be windy and cooler after southeast showers and thunderstorms, with frost at night in the north. Temperatures show 60s to 70s, with nights 30s to 40s north and 38 to 44 south.
MENTIONED IN THIS ARTICLE
North Carolina
South Carolina
Cearly
Georgia
Virginia
KayLyn and Sedgefield expect over 8 million in 1968 sales
C. S. Lambeth, president of KayLyn Inc of High Point, reports 1968 sales will exceed 6 million. KayLyn, in its sixth year, expanded factory space from 100,000 to 150,000 sq ft on Pendleton Road. Its related Sedgefield Furniture Corp is doubling plant capacity to 70,000 sq ft and expects over 2 million in 1968 sales, bringing combined totals to more than 8 million.
MENTIONED IN THIS ARTICLE
C. S. Lambeth
KayLyn, Inc
High Point
New Pendleton Road
Lambeth
Asso
Sedgefield Furniture Corp
KayLon, Inc
Pendleton Road
Ralph S Andrews Named Merchandise Manager at Walker Shoe
Ralph S Andrews joined B. B. Walker Shoe Co in 1955 as merchandise manager for the retail outlet in Asheboro. He advanced to buyer in 1958 and held customer relations in 1960 before becoming assistant vice president in 1964. He will now coordinate sales between all subsidiaries and the Asheboro base.
MENTIONED IN THIS ARTICLE
Ralph S. Andrews
B. B. Walker Shoe Co
Andrews
Asheboro
Dangers of Marijuana Debated in Federal Reports
Federal officials say marijuana is not physically habit forming but may cause psychological dependence and anxiety. The Crime Commission noted no conclusive link to harder drugs or deaths, yet warned it can trigger confusion, disorientation and temporary psychotic episodes in predisposed individuals.
MENTIONED IN THIS ARTICLE
Colorado
President
Crime Commission
General Moore Warns of Marijuana Trouble in Vietnam
General Moore says marijuana in Vietnam is not more widespread than among U S troops of similar age but poses serious brain effects in combat. He notes suspected pot parties causing accidental shootings, widespread crop growth, Viet Cong trafficking, and funds aiding terrorism. Arrests rise from 239 last year to 524 this year.
MENTIONED IN THIS ARTICLE
Vietnam
Moore
United States
U.S
Carse
Cotton Futures Edge Higher At New York Open
In New York, No. 2 cotton futures opened steady to higher, up about 55 cents a bale from the prior close. Early quotes show sessions at 32.90 to 33.92 with surrounding support levels around 31.52 and 30.50.
MENTIONED IN THIS ARTICLE
New York
Moderate living costs rise for city families study shows
Washington AP report says a four member city family needs about $9,000 for a moderate standard of living, up 39 percent since 1959. Bureau of Labor Statistics Commissioner Arthur M. Ross notes the budget reflects aspirations and is not a standard American family.
MENTIONED IN THIS ARTICLE
Washington (Ap
Arthur M. ‘Ross
The
Bureau of Labor Statistics
Ross
U.S
Dixie living costs tend to be lower in Atlanta
An AP report based on a U S Labor Department study shows the typical Atlanta four member family spent 8434 in 1966, about 9 percent below the national urban average and 21 percent under New York City. Other Southern cities ranged from 83838 in Baltimore to 93981 in Washington, with nonmetropolitan Southern areas at 7855.
MENTIONED IN THIS ARTICLE
Atlanta
United States
U.S. Department of Labor
New York City
Labor Department
Balti
More, Md
Baton Rouge
Dallas
Tex
Durham
N.C
Houston
Nashville
New York Stock Exchange Index Sees Minor Changes
Noon NYSE index shows modest shifts with sector movement. Industrial and Transportation sectors edge up slightly while Utilities and Finance dip, leaving overall indexes with small gains and losses. Limited readable data mention specific tickers.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Marrero Beta Satanae
Drive to suspend licenses for chronic violators in NC
Raleigh AP. North Carolina Motor Vehicles Commissioner Ralph Howland announced a tough policy to suspend driving licenses of chronic traffic law violators. He targets about 10 percent of flagrant violators with 50 plus arrests after reviewing records and calling for hearings. The plan follows meetings with highway patrol and support from Gov. Dan Moore.
MENTIONED IN THIS ARTICLE
Raleigh
Ralph Howland
Howland
North Carolina
Highway Patrol
Dan Moore
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Stock Market Report
Ohio
Adonsen
ChrisCraft
ad +P Exchange
Chrysler
Motorola
Mat Allin
Am Petr .Y Arkl Sas
Celiinkad
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Nat Steel
Nevada
Newbury
Centairl
Comral
Nor Pac
Ny Cooperia
Sloun
Norton
Rouse Hing
Cruc
Banatita
Okla Ngs
Yyisramn Corp
Udahy Co
Meadinsn
Ctis Ely
Outs Mar
Ste Sat i NewPark
Daycorp
Ss —P
Pancoest
Pet
Ava
Deere
Ba & Ry
Faiham
Denrgw
PacPwl
Syttex
DetEdis
Pact&t
Echnical
Isles Wiha
Panasul
WnNuck
Pan Am
Associated Presa
Disney
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Duke Pw
Pepsico
Phil Morr
Lee Igtz
Hill Pet
Eg&g
Pitts Steel Elbonds
Polarvid
Electron
Prois
Raytheon
Reading Co
Fair Hill
WeelchCh
Rexall
Rohr Cp
Fia
RyderSys
FoodFair
ForaMot
Safe
Schering
Scott Paper
Tosia Wits
I Sa
VeiSears
Sears Roe
Sinclair
Feeesee
SingerCo
Gerber
GettyOil
Gien Aid
Pac
APS
Ee — South Ry
Iz — Spartan Ind
GraceCo
Sperry R
Iranks
As If
St A&p She Ltd
Kolis
Ise Nor Ry
Gt West
Fiat
Task Io
Greyhound
GrumAire
Sea
Abbott
Siike
Mathiburt
Studebaker i
al Adix Co
Harris
Sun Oil Ib
ACE Ind
Herc Inc
Swift Co
A &E
P Honeywl
Tenneco
Texaco
Allied C
Ouse Fin
Jaxer
Allied Sir
Aia
Texasinst AO
Ee Arcoa
Airlin
Thiokol
Bosch
IngerRand
Evel Sa
Pwris
Sv Am Motors
T&t
M News
Bae
Igwarsy
Urhailin
ANP Inc
John John
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Jones
Ptych
Kaiser al
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Fe Roe Oy
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Avco
Lenpcem
West Airk
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Litton
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Benguet
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Ible
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H Borden
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Yngstant
Sa Lucky
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Budd Co
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Macke Co
Uy Bulova
Macyrh
Burland
la Burroughs
Magmac
iMaratha
MartinMar
McCail
Carter W
Cert-teeg
Indus
Storks
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Rey Hebberd
Kay Lyn Sales
Walker Post
Ouopiniuli
Sevings Aid
Assochaton
North Main St
Varrey
Dixie
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U.N
Nikolai Fedorenko
Soviet Union
Arthur Goldberg
U.N. Security Council
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Israel
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A.P. Stock
We Associated Press
Ind. Rails Util
Eerie
Eaeaee
Ind. Util
Fgn
NEW York —Stock Index
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