Market Drops Sharply on Auto Industry Woes Across NYSE
New York trading turned cautious as recession fears rose after General Motors reported weaker third quarter earnings and Chrysler and Ford signaled layoffs. Dow Jones at midday fell 8.06 to 628.18 as declines outpaced advances more than two to one. Big Three automakers slid while bullion-linked mining stocks rose on Europe’s higher gold prices.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
General Motors
Chrysler
Ford
Benguet Consolidated Mining
American Stock Exchange
Europe
ASA, Ltd
Homestake Mining
Dome
Hecla Mining
NYSE
Houston Oil & Mineral
Amex
Eight Million Dollar Counterfeit Bills Seized in LA
Secret Service agents confiscated more than eight million dollars in counterfeit hundred dollar bills in what they call the largest US seizure. Four men were arrested in Lakewood and later linked to Gas Printing Co of Hawaiian Gardens and other locations. Investigators found additional false currency and printing plates at related sites. arraignments are set for Tuesday.
MENTIONED IN THIS ARTICLE
Los Angeles
Secret Service
Robert E. Powis
The
Powis
Chattanooga
Tenn
Lakewood
Leonard O. Salmon
Kenneth Clarence Wall
Buena Park
Gas Printing Co
Hawaiian Gardens
Robert James Spratte
Whittier
Sam Jackson Anders
Compton
Gus Printing
Cerritos
U.S
High Point Enterprise Volume and Subscription Details
The High Point Enterprise, established 1884, publishes daily and Sunday mornings. This item lists pricing by mail and by carrier, including monthly and yearly rates, with regional tax notes and subscription terms.
MENTIONED IN THIS ARTICLE
High Point Enterprise
High Point Enterprise, Inc
Church Avenue
High Point
N.C
Associated Press
Wkly
Dutch Hold 17 Hostages as Prisoners Act in Chapel
Four armed inmates remaining in Scheveningen prison chapel have held 17 people hostage since Saturday night after interrupting Mass. The four include a convicted Palestinian hijacker and two Dutchmen with an Algerian. A field telephone link was installed and food, bedding, and cards provided as authorities prepared for a lengthy standoff.
MENTIONED IN THIS ARTICLE
Ken Jacobson
Preas
Hague
Netherlands
Justice Ministry
Scheveningen
de Telegraaf
Antonius de Bot
Poll predicts Democratic landslide in next elections
The Associated Press reports Gallup finds a likely Democratic landslide in upcoming congressional elections with Democrats favored by 55 percent over 35 percent for Republicans. Rockefeller vice presidency support sits around 44 percent, with a majority undecided or opposed.
MENTIONED IN THIS ARTICLE
Associated Press
Gallup
Nelson A. Rockefeller
Rockefeller
Newsweek Magazine
Newsweek
Harris
Campaign finance: AFL-CIO tops political spending in year
The AFL-CIO political trust leads with about 1.4 million dollars spent this year, followed by the AMA national trust at 792,697 dollars and its state committees, then the United Auto Workers at 763,395 dollars. The figures cover Sept 1 to Oct 14 and reflect year-to-date totals.
MENTIONED IN THIS ARTICLE
Comsat
Bw Ba Marcort
Uniroyal
Ate Ae
Contail
Contrelat
Vie
McDonalds
Wb Varlan
Deorel
Motorola
Waral
Dresser
Whittaker
WmsGos
Zenith
Associated Press
Ind
Fordag
Omark
Lion
GAF
Gannett
GenDynam
le Pascolnc
PeonDix
Sma
Gtiretrop
Wei Ye Penney
Genescaine
GettyOl
PepsiCol
Va -Exchange
Gillettet
Bae
NEW York
New York Stock GlobalMar
PhilaEllos
PhilipWio
Gould Nt
GrGiant
Altgendt
Eas Gulf
Questor
Tyane
Hercules
Heublein
Vo Brewer
Hewlick
Wi— Buttes Goil
AmCan
Honywill
At&t
Amists
Royccol
Lee
Inger
Eave GT
Mim
Hormmelg
Wa Andrhi
Impo
Wits
ArchDan
Va InstrumSys
Armcoy
VeintHarl
SandrsAsso
Iy Aghdoi
tLaMaur
Pete
Pwt
Babckw
Java
Johnsjn
Bo donLogn
Ag Bis Sa Sa
Shell
Me Kangel
Wie Wa
Newldriam
A. Bendixt
NewparkRs
Kerr McGe
Sauthal
NorCdn
Sperry R
Orarka
Borden
Kresges
SidBrands
Permaner
Sidgiialz
LearSieg
BuddCo
Ava
Va Syntex
Stevens
Burlindl
Diva SiuWorla
Va - Am
Tektronx
Ria Ie
CBS
Cencolne
Cerroco
Champtail
Chris Craft
Vis Chrysirt
Alva
Washington
Afl-Cio
National Trust
American Medical Association
AMA
United Auto Workers Union
International Ladies Garment Workers Union
The
Machinists Union
Maritime Engineers Union
California Teachers Association
Steelworkers Union
Railway Clerks Union
National Association of Manufacturers
California
Teamsters
Woo Expected To Resign One State Post
Raleigh AP report says consumer activist Lillian Woo will resign from either the attorney general’s special assistant post or the state Milk Commission, with a 1 p.m. news conference. The News and Observer cited the choice as forthcoming, amid a broad election funding overview showing unions and associations spending hundreds of thousands.
MENTIONED IN THIS ARTICLE
Woo
Raleigh
Lillian Woo
Newspaper Chain Head Dies At 71
James M. Cox Jr., longtime chairman of Cox Enterprises and Cox Broadcasting, dies at 71 after a two month illness in Miami. He led expansion into broadcasting cable TV publishing and entertainment and took control in 1957 after his father’s death, predecessor a Ohio governor and 1920 Democratic presidential candidate. Survived by widow Betty Lippitt, no children.
MENTIONED IN THIS ARTICLE
Miami
James M. Cox Jr
Cox Enterprises
Cox Broadcasting Corp
St. Francis Hospital
Cox
Communications Network
James M. Cox
Ohio
Warren G. Harding
Oakland
Calif
Los Angeles
Dayton
Atlanta
Bing Crosby Productions
Cox Cable Corp
Betty Lippitt
Committee Rejects New Law School At UNC System
A UNC Board of Governors committee voted against creating a new law school in the university system. It endorsed a veterinary school but delayed choosing its campus, with full board review set for November 15. The veterinary site contest involves NC State in Raleigh and NC A&T in Greensboro, reflecting a White student attractor plan for black campuses.
MENTIONED IN THIS ARTICLE
N.C. State University
Raleigh
North Carolina A&t
Greensboro
N.C. State
A&t
Research Triangle Institute
Doctors available discussed Nixon health finances
Ron Ziegler noted during an informal talk after a news conference that all hospital costs would come from Nixon’s pocket. He suggested an insurance error left Nixon uncovered, saying the President’s personal finances suffered from a long neglect of health coverage.
MENTIONED IN THIS ARTICLE
Nixon
Ron Ziegler
Conservationists challenge ballot wording over amendment
The Conservation Council of North Carolina says the proposed constitutional amendment wording misleads voters and should be removed from the November ballot. CCNC vows to sue the State Board of Elections this week, arguing the measure could allow tax exempt bonds for industry and pollution control, while obscuring funds for utilities and other public bonds.
MENTIONED IN THIS ARTICLE
Raleigh
The
Conservation Council of North Carolina
CCNC
State Board of Elections
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Business and Financial News Stock Market Report
Transportation S.seae Et Tss
Utility
A.P. Stock
Associated
Ios
Ward-Griffith
Dow-Jones
Indus
Hunt
Sirica
John J. Sirica
Haunt
Richard Ben-Veniste
Ben-Veniste
Nixon White House
Ehrlichman
Haldeman
Mitchell
Parkinson
Mardian
Garment Workers
Hugh L. Carey
Birch Bayh
D-Ind
Auto Workers
Retail Clerks Union
Warren G. Magnuson
D Wash
Jacob K. Javits
McGovern
Senate
Colorado
Magnuson
Richard F. Vander Veen
Gerald R. Ford
Walter Kaufman
Edwin Gill
John Curry
Atate
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