Market Stems Slump Reverses Brief Dow Rally On Noon Trading
The New York Stock Exchange saw a sharp pickup in trading as the noon Dow Jones industrial average rose 3.06 to 851.56 after a morning decline. The AP 60-stock avg gained 1.5 to 313.3 with gains led by airlines, motors, retail, and chemicals while Occidental Petroleum fell 1.5 to 12. The day featured mixed results amid investor uncertainty and a tentative rally, with outsized activity in several heavily traded issues.
MENTIONED IN THIS ARTICLE
Associated Press
TWA
UAL
American
Eastern
Occidental Petroleum
Plessey
National Steel
CocaCol
MGM
Collins
New York
Colu Gas
MobdisOll
Exchange
CmbEn
Monsant
el MirNor
Motorola
Corp
Nabisco
Barnwel Ind
Brascantt Ib
Certron
Cowles
Cinerama
Cox
Dan Ma CrouseHing
Dixit Corp
CrowColl
Frontier Air
Dan River
Norfolk
Norrig Ind
No Am Phil
Alinstrum
Deante
Litl Corp
Delta Air
Jamesway
DennyRst
Oet
NoStaPw
DetEdis
Vel Kaiser
Diam Sham
el Kingsford
Disney
Norton
el Lafey Redio
Ss Versind
Nort Simonie
Ling Tver
Dr Pepper Sa
Loews
Marshal
McCrory
Duke
Duke Pw
Okla Ngs
Milgo Elect
Te — duPont
Omarkin
Newidria Mn
Otis Elev
Cdn
Mar
Bu Im Nuclear Am ‘ Ree
East Air Line
Owen Cag
Baskhodala
Owen Ft
OKC Corp
Ind
Ozark
Ss Oe Ve
GAC Co
Permaner Va Aia Ve Gaf Corp
Phoenix Sti
PacPetri
Gannett
Pac
T&t
GenElec
GenFood
Wwe
Penn Dix
Penney JC
el Genesco
Pepsico
Viewlex
Gerber
Vice Vnc
Phelps
VEN Corp
Gillette Va
Phila
Phil Morr
Zim Hom
Glen Alden
Global Marin
Phill Pet
Goodrich
Grace
A&p
Pueblo
Las
Greyhound
Gulf Oil
Questor
Gulf Wr
Guwnind
Arizona
AllisCh
Edders
Alcoa
FedDeptStr
Ateway
AMBAC
Ne — Scm Corp
AmeiPw
Ford M
Am Motors
KreepMinder
Jon Harris
Srett
Hercules
Heublein
Sa Co
SingerCo
Am _ T&T
AMF Inc
S 'HoernWal
Ony Co
AMP Inc
Hobidyinn
Scar
Ampex Corpiad
Soucale
HollySuig
Monywit
Southn Pac
Armco Stigs
SouthrnRy
Idaho
Babckw
Wis Goles
Va Stevens
Beckman
StudWor
BeechAr
SunOil Ib
Bell How
Nickel mM
Fda We
Bendix
Swift Co
Iowa
Iowa Tek Cirp Nm
Tampa el
Boeing Co
Vwae Tektronix Ie
Jewel Co
Teledyne
BoisCas
Ds JonnMan
Aia
Telex
BorgWar
JohnJoh
Texaco
Tenneco
Ld JonLogn
Texetrn
Brunswk
Tex G Sul
Texasiast
KaisAlum
Texpld
Sg Textron
Bunkr Ramo
Kan GE
Ide
Katy
Thrift Or
Buri Ind
KayserRo
TimesMir
BuriNor
Kennecott
Burrghs
Cal
Kerrmcg
Todd Ship
Timken
Cadence Ind
KimbCik
Jéhe Finani
Koppers
Transmra
Camprlk
Krattco
TRW Inc
TriCent
Caro
Kresgess
Twent Cent
Kroger
CarrierCp
CartWal
Bttoi One CastieCke
LearSieg
VAL Inc
CaterTr
Levitz Furn
Wes Cerro
Cn Pac Cp
Ipbbmcnl
Uniroyal
Air
Ches Ohio
ChiMil Spp
Lockheed Air
Loews Corp
Coris Craft
LoneStarin
Chrysir
LoneSta
US Steel
LukensStl
Love
Univ Oil
ClevElill
Ilvo Corp
Univ Cptr
Lykes Yngst
Macke Co
Macy
Varian Assoc
Magnvox
VaelPw
Marath
Marcor
Merck
Xerox Cp
Zenith
Os Ae
NASD Inter-dealer Quotations from 11 A M Trade Board
Report on over the counter bid and ask quotations from NASD as of about 11 am. Inter-dealer markets shift throughout the day. figures exclude retail markups and commissions. Listings include American Furniture Carolina Caribbean Hardee s Integon Life of Carolina N C N B Corp Natural Gas Pub Service of N C Ruddick Pref Ruddick Comm Son Film Ext Wellington Hall and related notes about dividends and liquidation statuses.
MENTIONED IN THIS ARTICLE
American Furniture
Carolina Caribbean
Eecert ‘Hardee’s
Integon Fas
Life of
Carolina
N.C.N.B. Corp
N. Car. Natural Gas
Pub. Service of
N.C
Ruddick Pref
Ruddick Comm
Son. Film Ext
Wellington Hall
Governor defends plan to preserve identity of universities
The governor rejects claims the plan to restructure higher education would abolish black and other colleges. He insists no institution will lose its identity or be swallowed by the system and says the new board will delegate powers to campus boards to maintain diversity.
MENTIONED IN THIS ARTICLE
School of the Arts
Scott
New York Stock Index At Noon Report
New York stock index readings at noon show activity on the market as traders monitor Industrial and other major sectors. The AP reports on market movements and investor sentiment amid ongoing trading at the New York Stock Exchange.
Davis promoted to installment loan officer at Thomasville First Citizens
Gurney A. Davis is named installment loan officer for the forthcoming Thomasville office of First Citizens Bank and Trust Co. He transfers from the High Point office where he served five years in installment loans. Davis joined the bank in 1970, is a Guilford College graduate, and will oversee consumer credit in Thomasville. he and his wife Nancy Cook Davis have one daughter.
MENTIONED IN THIS ARTICLE
Gurney A. Davis
First Citizens Bank & Trust Company
Thomasville
High Point
Davis
First Citizens
Trinity
Guilford College
Nancy Cook
Nurserymen Meet Piedmont Association Leaders
Members Lester Brown and William Nelson will present a program at 7 p m on November 2 at the Mayfair Cafeteria Southgate Shopping Center Thomasville detailing their tour of English gardens last summer for the Piedmont Association of Nurserymen.
MENTIONED IN THIS ARTICLE
Piedmont Assn. of
Mayfair
Southgate
Thomasville
Lester Brown
William Nelson
English Gardens
Kosygin to Cuba for talks with Castro
Prime Minister Kosygin flies from Toronto to Havana to reassure Castro and reassert Soviet influence amid Nixon's Moscow visit. He will stress that Soviet support for Cuba is non negotiable and likely accompany the arrival of a Soviet task force including a cruiser and submarines.
MENTIONED IN THIS ARTICLE
Washington
U.S
Alexei Kosygin
Nixon
Moscow
Kosygin
Toronto
Havana
Kremlin
Caribbean
Fidel Castro
Soviet Union
Cuba
Castro
Czechoslovakia
Pentagon
Ownership Clouded as Weather Modif ication Questions Rise
Miami Beach AP report on debate over weather modification. Dr Louis Battan of the University of Arizona asks who owns rain and rainfall. Cecil Gentry of NOAA notes Project Stormfury may reduce hurricane strength but raises who pays for damages. Right to rain seeding becomes real for South Florida amid drought and complaints from tomato growers.
MENTIONED IN THIS ARTICLE
Miami Beach
Fla
Louis Battan
University of Arizona
Institute of Atmospheric Physics
Battan
National Biological Congress
Arizona
Cecil Gentry
National Oceanographic and Atmospheric Administration
South Florida
C Ina
Hijacked 747 Remains Overnight In Havana Cuba
A Boeing 747 hijacked by a gunman stayed in Havana after landing at Jose Marti Airport. Sky marshals and an off duty FBI agent were aboard the 221 passengers plane that originated near New York and Dallas. Cuban authorities had yet to release the aircraft as Soviet leader Kosygin was due to arrive. The hijack was signaled from aboard with a prearranged alert. No details on actions by marshals or the FBI agent were released.
MENTIONED IN THIS ARTICLE
Miami
Cuba
Sky
FBI
Federal Aviation Administration
American Airlines
Havana
Jose Marti
FAA
Alexei N. Kosygin
Toronto
New York
Kennedy International
San Juan
P.K
American
Kennedy
Washington
Dallas
Wait Is Vain For Hijacker
A stolen trailer carrying about $22,000 in tobacco sat idle through the weekend in a wooded Pittsylvania County site as FBI agents and sheriffs' deputies from two counties waited in vain for the hijackers to return. The FBI spokesman and county officers said they spent three days observing but the thieves did not reappear.
MENTIONED IN THIS ARTICLE
Danville
Pittsylvania County
FBI
Tazewell County
N.C
Committee Sets Burley Hearings
The Burley Tobacco Sales Committee will hear recommendations on November 4 about when auctions will open this fall in North Carolina and seven other marketing states.
MENTIONED IN THIS ARTICLE
Lexington
Burley Tobacco Sales Committee
North Carolina
Raleigh man finds extra twenty dollars then backs into repairs
A Raleigh man, Charles J. Cohan, found a $20 bill under his windshield wiper after a minor collision damaged his left rear fender. He plans to return the money but notes the repair costs at the shop would total $110.
MENTIONED IN THIS ARTICLE
Raleigh, N.C
Raleigh
Charles J. Cohan
Cohan
Business Brokers of
North Carolina
Chrysler profits squeezed as prices rise after sales spike
Chrysler reports 3Q sales of 1.9 billion, up 12 percent from a year ago, but profits lag due to price rollbacks on 1972 models. Lynn Townsend says further price increases are needed under Nixon phases to offset higher labor and materials costs. Net earnings turn 6.2 million or 12 cents a share versus 2.1 million or five cents a year ago.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler Corp
Nixon
Lynn A. Townsend
Chrysler Board
Townsend
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Cate
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NEW York Exchange
A.P. Stock
Ve Assosistes Iprete
Rails
Crere
Rails Ind
Util
Fo. L
Dow-Jones
NEW York Stock Index
Aden
George Gedda
Peking
Galveston
Tex
Burley
High Point Enterprise
High Point Enterprise, Inc
Church Avenue
Ward-Griffith Company
National Advertising Representatives
Chrysler
N. Main ST
Jamestown
E. Main ST
R.S. Dickson, Powell, Kistler & Crawford
New York Stock Exchange, Inc
American Stock Exchange
N. Main Street
N. C