Stock Market Dips As Gold Shares Slump At Noon
New York trading opened with a broad decline as inflation fears and a slow economy dampened sentiment. The Dow fell 8.45 to 669.43 with losers outpacing gainers by nearly two to one on the NYSE, while Amex showed a sharper drop. Magnavox led Big Board volume at 94 as heavy selling hit gold miners amid reports Western central banks might liquidate gold reserves to pay oil bills.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Magnavox
American Stock Exchange
Yellowknife Mines
Pato Consolidated
Golden Cycle
Amex
One
Gd. Golds
C. Austin Barker
Hornblower & Weeks
Hemphill-Noyes
London
Barker
NYSE
New York Stocks Mixed in Wide Market Turnover
A late session of trading shows mixed results across blue chips and mid caps as the New York stock market closes with gains for some favoring technology and energy names while banks and industrials edge lower. Investors weighed quarterly results and inflation signals against the prospect of interest rate moves.
New York Stock Exchange Index Dips at Noon
The noon update shows the NYSE index down 29 cents to 14.68, a 0.45 decline. Industrials slide 0.56 to 40.83, while Transportation slips 0.16 and Utilities hold at 26.84.
MENTIONED IN THIS ARTICLE
Exchange
New York
New Fork
ENON
AlcanAll
AllisChatts
Alcoa
Asmeltt
At&t
AmpexCorp
ApecoCorp
ArchDan
Armrol
ArmsiCk
Ashdo i
AtRich
AtlasCorp
AveoCorp
Avaeiinc
AvonPd l
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FOYS
BOIGE
Bauschl
Beecairég
BeliHow
Bendixl
Benicp
Bengib
BoiseCas
Borwari
APIJ
New York Stock Exchange
High Point Enterprise Rates and Publishing Note
The High Point Enterprise details subscription options by mail and carrier including daily and Sunday rates, weekly and yearly totals, and tax notes. It notes independence of carrier contractors, AP news use rights, and mailing post information for High Point North Carolina.
MENTIONED IN THIS ARTICLE
High Point Enterprise
High Point Enterprise, Inc
Church Avenue
High Point
N.C
Associated Press
Wkly
AP News
Ward-Griffith Company
National Advertising Representatives
Carson Downgrades Consumer Activities in Utilities Push
Greensboro AP report says Gen. James Carson Jr. will shift focus from individual consumer complaints to utilities and antitrust cases. He plans to refer cases to small claims courts, slow responses may result, and to hire more lawyers for the utilities section. Carson, a Republican, was appointed by Gov. Holfhouser to replace Morgan and is GOP nominee for a full term as state’s top attorney.
MENTIONED IN THIS ARTICLE
Greensboro
James Carson Jr
Carson
Jim Holfhouser
Robert Morgan
U.S. Senate
Appeals Court
GOP
Justice Department
Nixon
Congress
Ford
John B. Anderson
R-Ill
Airline officials raised donations credited to Magnuson in 1972
Washington Senator Warren Magnuson head of the airline legislation committee was credited with $9,450 in donations in 1972 from a dozen airline executives. The funds were recorded with the nickname Maggie for Magnuson. Donations occurred Oct 25 26 1972 and involved executives from Western Airlines American Airlines Braniff United Airlines and Continental.
MENTIONED IN THIS ARTICLE
Washington
Warren G. Magnuson
Democratic Party
Associated Press
Washington Democrat
Magnuson
Senate Commerce Committee
Democratic
Senate
Maggie
Individua
Thomas J. MclIntyre
D-N.h
John J. Sparkman
D-Ala
Sam Nunn
D-Ga
Ray Blanton
Dtenn
Barefoot Sanders
Texas
Robert H. Burek
Braniff
Robert Six
Continental Airlines
United Air Lines
Edward E. Carlson
Robert Johnson
Charles McErlean
Ralph Gleason
E. Q. Fennell
R. L. Mangold
Percy Wood
United
Carlson
Kelley
Western Airlines
Sen. Magnuson
Casey
Spater
Richard M. Nixon
Carmen Storm Losses Narrow. Sugar Crop Hit Hard
Hurricane Carmen weakened to a tropical storm after striking Louisiana and Texas leaving two dead and severe sugar cane crop damage. About 14 000 refugees stayed in evacuation centers while many returned home as the storm veered west and dissipated. Governor Edwards estimated 75 percent of the crop destroyed, valued at about 100 million dollars, with 60 000 refugees sheltered at the storm’s peak.
MENTIONED IN THIS ARTICLE
N&w
Orleans
Carmen
Louisiana
Texas
New Orleans
Lafayette
Central Louisiana Electric Co
Edwin W. Edwards
Gilbert Durbin
American Sugar Cane League
Red Cross
Ford pardon timing sparks health questions in Nixon case
Ford faced difficult negotiations over Nixon health as his swift pardon moved ahead. A Washington source said Ziegler confirmed no health change while others viewed Nixon as aged since resignation. Becker flew to San Clemente to finalize access to Nixon White House files for three years and the pardon proclamation was prepared.
MENTIONED IN THIS ARTICLE
White House
Nixon
Ronald L. Ziegler
San Clemente
Ziegler
Ford
Washington
Benton Becker
Becker
Oval Office
terHorst
Associated Press
Nix
John Hushen
Terrorst
Ter Horst
Herbert J. Miller Jr
Jerald F. terHorst
Michigan
Grand Rapids, Mich
The
News
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Stock Index
A.P. Stock
Assereied Pravsells Ind. UN
Fon Lyd
Dow-Jones
Avery Island
Franklin
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