Market dips as Dow slides after cautious trading
New York stocks turned downward in afternoon trading with the Dow Jones average dropping 2.54 to 753.42. Declines outnumbered advances on the New York Stock Exchange as investors weighed signs of slowing economic indicators. Oils and electronics gained while rails metals and airlines fell amid mixed Board prices for General Motors and other majors.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Telex
Memorex
Fairchild Camera
General Motors
Pennwalk
Stock prices and dividends table from American Exchange
The American Stock Exchange noon prices list diverse securities with bid, offer and last trade figures. Notes explain numerous dividend types and special conditions, including annual rates, stock dividends, liquidations, and ex-distribution details for many issues.
MENTIONED IN THIS ARTICLE
New York
American Stock | Exchange
AO Indust
M&m M
Ark Best
Arklgas
AtlasCorpet
Barnes Eng
BrascanLid
Campb
Chilea
Eaxce
Esrces
Felmont Oi
Frontier Air
Giant Vel
Syntex
Technico
Wa Nuclear
En Sea
Associated Press
Cinerama 2
Dixilyn Corp
It! Corp
Kaiser
McCrory
Newldria Mn
NewPark Mn
Statham
Inter-dealer Nasdaq quotes in OTC bid-ask spread
Inter-dealer prices around 11 am show bids and asks for several stocks and firms. Quotations include AMC American Furn 9 10 percent and NCNB Corp 27 28 percent, with varied spreads and notes that prices exclude retail commissions.
MENTIONED IN THIS ARTICLE
AMC
American Furn
Carolina Caribbean
Colonial Stores
Eckerd Druger
First Union Bank
Hardee’s
Integon
Life of Carolina
Ncnb Corp
Sergeant Charges Gen Abrams Over My Lai Torture Allegations
Sergeant Esequiel Torres, 22, of Brownsville Texas, accuses General Creighton Abrams of violating the military code by allowing civilians to be beaten at Chanh Luu in 1968 and contends Abrams concealed a troop felony. The petition, filed by former Congressman Charles Weltner, seeks action by Army Secretary Resor.
MENTIONED IN THIS ARTICLE
Atlanta, Ga
My Lai
Creighton W. Abrams
Esequiel Torres
Brownsville
Tex
Abrams
U.S
Vietnam
Chanh Luu
Charles L. Weltner
Atlanta
Torres
Army
Stanley R. Resor
William C. Westmoreland
Resor
Westmoreland
Saigon
Weltner
Associated Press
Peter Arnett
A.P. Stock Averages Report From New York Noon
The Associated Press notes noon figures for the New York stock market with mixed results across major groups. Industrial, rails, utilities, finance, and transportation sectors show slight declines or stability as market activity centers around broad indices and daily changes.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Ind. Rails
Nive Kente
Fon L
Indus . Sacseeer Paves Iebed
Fern Thong Onciscis Sises
Vestoess Cogent MD
Posias Arms Medogees
Armstrong Cork reports lower third quarter sales and earnings
Armstrong Cork Co announced third quarter sales of 120.894 million dollars versus 131.080 million a year earlier. Nine month 1970 earnings dropped to 15.749 million dollars from 25.631 million, with a 20 cent per share dividend declared on common stock and 93.4 cents per share on cumulative preferred stock payable in December.
MENTIONED IN THIS ARTICLE
Armstrong Cork. Co
Armstrong
Ford Motor Co
Chrysler Corp
Ford
Biggers Named To Fisher-Harrison Board In Greensboro
W. Carl Biggers of Screencraft Inc Charlotte has been elected to the Fisher-Harrison Corp board. Screencraft is a Fisher-Harrison subsidiary along with Fisher-Harrison Printing in Greensboro and Fisher-Harrison Studios in High Point.
MENTIONED IN THIS ARTICLE
W. Carl Biggers
Screencraft, Inc
Charlotte
Fisher-Harrison Corp
Greensboro
Screencraft
Fisher-Harrison Printing Co
Fisher-Harrison Studios
High Point
NCNB seeks OCC permission to open branches in three North Carolina towns
NCNB has filed with the U S Comptroller of the Currency for consent to open banking offices in Boone Spruce Pine and Kernersville NC. The move aims to expand the bank's branch network within the state.
MENTIONED IN THIS ARTICLE
North Carolina National Bank
U. S. Comptroller of the Currency
Boone
Spruce Pine
Kernersville
Panel Moderated by Wilcox at Truck Body Expo in Detroit
Brian Wilcox of W F Mickey Body Co High Point moderates a safety standards panel at the Truck Body and Equipment Association annual convention in Detroit this week. The panel includes three distributor members and three manufacturers reviewing current federal safety standards and future five year expectations. Wilcox is national chairman of the association's Safety Standards Committee.
MENTIONED IN THIS ARTICLE
Brian Wilcox
W. F. Mickey Body Co., Inc
High Point
Truck Body & Equipment Assn
Detroit
Wilcox
Truck Body & Equipment Association
Local Agent Completes Health Insurance Course in Miami
Richard Luther Segers of 128 Rolling Rd is noted as a local representative for Mutual of Omaha and United of Omaha. He completed a comprehensive insurance course at the National Sales Training Center in Miami, the first step toward a professional health insurance representative career. Segers is tied to the George Richardson Agency, a general agency for Mutual and United in Winston-Salem.
MENTIONED IN THIS ARTICLE
Richard Luther Segers
Rolling Rd
Mutual of Omaha
United of Omaha
National Sales Training Center
Miami
Fla
Segers
George Richardson
Mutual
United
Winston-Salem
Newsman and photographer ambushed near Phnom Penh
An American newsman Frank Frosch 27 and Japanese photographer Kyoichi Sawada 34 both Pulitzer prize winners were ambushed and killed Wednesday afternoon 20 miles south of Phnom Penh. They were found by Cambodian soldiers 30 feet from their car on Highway 2 with multiple chest wounds. Both worked for United Press International. Frosch a Virginia Military Institute and University of Georgia graduate served as an Army intelligence adviser in Vietnam and had been UPI bureau chief in Phnom Penh since last June. He was married to Sandra Huffman and they had two young sons.
MENTIONED IN THIS ARTICLE
Phnom Penh
Cambodia
Frank Frosch
Indianapolis
Ind
Kyoichi Sawada
Tokyo
Highway 2
United Press International
Frosch
Virginia Military Institute
University of Georgia
Georgia
Oglethorpe Echo
Athens News
Quang Ngai
UPI
Sandra Kay Huffman
GM Suffers First Quarterly Loss in 24 Years Amid Strike
General Motors reports a 77 million loss for July September, the first quarterly loss since 1946, as a prolonged United Auto Workers strike and weaker sales cut 1969 profits. GM says production slowdowns and model changeovers extended the shutdown, harming results.
MENTIONED IN THIS ARTICLE
General Motors
Detroit
General Motors Corp
United Auto Workers
UAW
Chrysler
James M. Roche
Edward N. Cole
United States
Canada
United Automobile Workers
U.S
New York Times to Acquire Cowles Properties in Major Deal
The New York Times Co. will acquire Cowles Communications properties including Family Circle, WREC TV in Memphis, three Florida papers, Cambridge Book Co., and Modern Medicine group. In exchange Cowles receives 2.6 million Times Class A shares valued over 50 million. Deal awaits federal tax rulings stockholder approvals and FCC consent for WREC TV.
MENTIONED IN THIS ARTICLE
NEW York
The
New York Times Co
Family Circle Magazine
Cowles Communications Inc
Cowles
Times
Arthur Ochs Sulzberger
Sulzberger
Cowles Board
Gardner Cowles
Family
Daytona, Beach-Orlando
Fla
KRNT
Des Moines
Iowa
WREC
Memphis
Xograph
Wrec-Tv
Feder Communications Commission
Leary Plans Return in Disguise for New Haven Rally
Dr. Timothy Leary, a California fugitive, said he will re enter the United States in disguise within days to attend a Black Panther rally in New Haven Connecticut supporting Bobby Seale and Erika Huggins. He spoke before boarding an Air Algeria flight to Algeria after Egypt refused entry and Lebanon expelled him.
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Cairo
Timothy Leary
California
United States
New Haven
Conn
Leary
Air
Algeria
Egypt
Lebanon
Bobby Seale
Ericka Huggins
Seale
Black Panther Party
Huggins
Alex Rackley
William McNellis
Black Panther
Donald Cox
The
Black Panthers
Martin Kenner
Jennifer Dohrn
Bernardine Dohrn
FBI
Miss Dohrn
Youth International Party
Yippies
Bernardine
Beirut
Algeries
Kenner
Omar Khayyam
Nile
Pyramids
Records Reveal Federal Deficit for First Quarter
Washington reports a $7.7 billion federal deficit in the first quarter of the new fiscal year. The Treasury shows outlays of $54.2 billion versus receipts of $46.5 billion from July through September.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
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Clifton T. Ted Hunt