Oil stocks slip as market edges higher in cautious trading
New York stocks showed a mixed session with the Dow up to 830.85 as investors awaited Nixon’s Vietnam talks and a possible end to high interest rates. Oil issues led by Atlantic Richfield fell while Gulf Oil and Texaco also declined after a North Slope sale triggered profit taking.
MENTIONED IN THIS ARTICLE
NEW York
Nixon
Vietnam
Federal Reserve
William McChesney Martin
Alaska
Atlantic
Gulf Oil
New York Stock Exchange
Texaco
Occidental Petroleum
Standard Oil California
Natomas
A.P. Stock Averages And Dividend Footnotes
Details footnotes explain dividend types and stock actions. Abbreviations note annual rates, extra or special dividends, stock dividends, liquidating dividends, ex dividend and ex distribution dates, and classifications like declared or paid in 1969 or this year.
MENTIONED IN THIS ARTICLE
Bankuptcy Act
Inter-dealer NASD quotes at about 11 a.m
Quotations from the NASD show representative inter-dealer prices around 11 oclock in the morning. Markets move through the day and prices exclude retail markups markdowns and commissions.
Hearing Slated for Injunction in Tobacco Row
Federal Judge Algernon Butler will hear a request by the Border Belt Warehouse Association on September 18 for a temporary injunction against the Flue Cured Tobacco Marketing Committee. The hearing will require committee members to show why the injunction should not block enforcement of the committee's sales schedule recommendations for Border Belt markets.
MENTIONED IN THIS ARTICLE
Raleigh
Algernon Butler
Border Belt Warehouse Association
Commission
Border Belt
North Carolina Forecast Mostly Fair and Mild
Weather forecast for North Carolina calls for a mostly fair night with cooler conditions in the eastern portion. Temperatures fall to the 40s in the mountains and 54 to 62 along the coast. Friday remains fair and mild across the region.
MENTIONED IN THIS ARTICLE
North Carolina
New York Stock Index Improves Amid Mixed Trading
AP reports noon NYSE index figures with slight gains in industrials and utilities while transportation and finance show mixed movement. Weather sections note South Carolina partly cloudy with mild temperatures and Virginia forecast fair and warmer with highs in the 70s to low 80s.
MENTIONED IN THIS ARTICLE
NEW Wyorw
New York Stock Exchange
Transportation Iy. Ee Tee
Pt Mtin & Artt
How Did Aircraft Get On Collision Course
Indianapolis AP investigation into a fatal midair crash centered on how an Allegheny Airlines DC9 jetliner and a small Piper Cherokee came to be on a collision path near Weir Cook airport. Radar saw the DC9 but not the Cherokee, which lacked transponder or beacon equipment.
MENTIONED IN THIS ARTICLE
Indianapolis
Ind
Allegheny Airlines
Jack H. Frets
Washington
Max Karant
Aircraft Owners and Pilots Association
Duane Jennings
Weir Cook Field
Jennings
Army Denies Asking Chemical Blinding Agent
Nobel laureate Dr. George Wald told the American Chemical Society that the Army approached him about developing a chemical blinding agent, a claim Edgewood Arsenal officials deny. Wald recalled a question about preferring blindness to killing, while Edgewood officials say no such request was made in six years. In North Carolina, testimony resumed in the Wallace kidnapping and murder trial of 23 year old Roger V. Miller, with 15 witnesses including the victim’s mother and sister describing the abduction of 13-year-old Jackie Stone near a Wallace school.
MENTIONED IN THIS ARTICLE
New York
Army
Army Research Laboratory
George Wald
Harvard University
American Chemical Society
Ward
Edgewood Arsenal
Edgewood
Oliver Cejka
Joseph 2. Blair
Rilsi
Kenansville
N. C
Wallace
Roger V. Miller
Miller
Jackie Stone
Robin Stone
Jackie
Stone
Sentencing in carrier destroyer collision case
Ramsey pleads guilty to failing to inform the skipper of the Evans that the destroyer had been ordered to change its station fail to sound the collision alarm and fail to avoid the collision. Lt James Hopson testified the Melbourne was on a collision course and Ramsey did not dispute the turn right before impact.
MENTIONED IN THIS ARTICLE
Benrubi
Ramsey
James E. Keys
Navy
J.g
James A. Hopson
Hopson
Kansas City
Kan
Melbourne
Evans
Hanson
Long Beach
Calif
Williams linked to civil rights clashes and exile in Cuba
Williams, once a Monroe NAACP leader, faced detention in London as an undesirable alien. He led protests, faced kidnapping charges in 1961, fled to Cuba where he broadcast propaganda, helped found the Revolutionary Action Movement, and later led the Republic of New Africa aiming for a separate Negro nation in five Southern states.
MENTIONED IN THIS ARTICLE
Detroit
Britain
Williams
London
Pentonville
Cairo
United States
Monroe
N. C
National Association For the Advancement of Colored People
Cuba
Havana
Senate debates tax plan changes and business penalties
Senate Finance Committee members clash with House provisions on capital gains and earned income tax cuts as opposition grows from mutual funds stock firms and banks. Long signals possible changes but aims remain unclear as depletion allowances face strong Senate torque to preserve current rates.
MENTIONED IN THIS ARTICLE
Senate
House
Russell B. Long
D-La
Finance Committee
Savings and Loans
GM raises prices on Cadillac Fleetwood and other models
GM announced 1970 price increases across several models. The Cadillac 75 Fleetwood limousine price rises from 10 979 to 11 178 with 87 of the increase due to items now standard. The two door Nova climbs from 2 237 to 2 335 as 26 of the rise reflects converted options. The Impala eight cylinder moves from 3 085 to 3 266 with 101 of the boost tied to standard equipment. GM cites payroll cost growth as a major factor, with costs up about six percent last year and another six percent next month.
MENTIONED IN THIS ARTICLE
Roche
Ex Fire Chief Arson Sentence Appealed in Dahlonega
Dahlonega, Ga AP Attorneys planned to file today an appeal of the arson conviction of former fire chief John Neal Porter. Porter, previously fire chief and water superintendent in Dahlonega, was found guilty of ordering a house fire to drive out “undesirable” residents and was sentenced to two years. His attorney said the appeal would be filed immediately.
MENTIONED IN THIS ARTICLE
Dahlonega
John Neal Porter
Lumpkin County
Porter
Jack Carey
Gainesville
Joseph Blackshear
Larry Rex Skinner
Charles Duncan
Ridley House
Shakeup In Patrol Expected in North Carolina
RALEIGH AP Col Ed win C Guy sworn in as patrol commander and set to lead plans for reorganizing the North Carolina Highway Patrol. Governor Bob Scott announced the reorganization to boost efficiency and highway safety. Capt Charles B Pierce promoted to lieutenant colonel as executive officer.
MENTIONED IN THIS ARTICLE
Raleigh
Edwin C. Guy
North Carolina Highway Patrol
lGov
Bob Scot
Guy
Charles A. Speed
Scott
Vid House
Capitol
Charles B. Pierce
Also Mentioned on This Page
Business and Financial New Stock Market Report
American Exchange
Don Battle
Bai
Merck
ClevElil
Abe
Snew York (Ap
Colg Pal
Exchange
Mobiion
Colonnist
Mobasco
Monsen
Aerojet
Mor-Nor
Indust
Comsat
Motorola
Samera
AtlasCorp
ConsPwr
Barnes
Cinerama
Dixilyn Corp
NatLead
Felmont
Frontier Air
CrowCol
Crown Cork
Goldfield
CrowZell
Nengel
Ave Ae
Newmat
Cudahy Co Ko
Ve Ning MP
Norris Ind
Dan River i
NoAmRock
Kaiser
Dart Ind
McCrory
DaycoCp
IBM Ws
Molybden
Delta Air
Northrop
Role
Nessner Bros
Newldria Mn
DetEdis
Va NwiBane
NewPark Mn
DetSteel
Norton
Disney
Chiokdis
Statham
Syntex Cp
Dressind
Oklangs
Technico
Tke — Va
DukePw
Olin Corp
Nuclear
duPoot
Omark Ind
Assoc
du Q Lt
Otis Elev
OwensCg
Owens!li
Gast Kodak
Pact&t
Endronhn
Panasul
Pan Am
Ethyl Cp
ParkeLavis
U- VyiPenney JC
PaPwlt
Fairch Hiller i
Ma + Ve Fanstee] Inc
Ta PepsiCo
Phila el
Philip Morr
FoodFair
FordAaot
ForMck
Publkind
Pullman
GAF Corp
Gam Sko
Questor
Gannett
Ralston P
NEW York (Ap
New York Stock
GenDynam
Elec
Banco Inc
Raytheon
Gen Mills
Reading
RepubSt
Ad .Millis
Roanse
Yel Gien Alden
RoyDut
Ag Atleg Cp
Global Marin
RyderSys
Neghud
AllegPw
Va Godyear A
AlliedGh
GraceCo
Isafeway
AlliedSte
Granstec
Ash — Ve Sanders
SanFenit
Atsb Ta Am Airlin
Va Am Brands
Schering
Va Greyhound
FiGulfStaut
Scott Paper
Amer
Fid
Halliburt
Shell Oi
Aromfdy
Haris Int
SherwaWm
Saugalie
Colonial Stores
AmPhot
Wits
Va South Co
Am Ltd
Hobdyinn
Sou Ry
We First UN
Bk. Corp
AMP Inc
Ethoustlp
Spartan Ind
Amp
Cora
Hougehf
Ae 42a 254 +i ¥ a i Sperry R
Hardee’s
Howmet
Ai Squared
Lidahon
eade + Val|LE. of
Caro. Oy
Armcost
Kolisman
N.C.N.B. Corp.atta
AaVe
fiserlDrug
INC
Nat. Gas
ArmsiCk
Imp Cp Am
Northwest
IngerRand
Stomj
Avia
Aklas Chem
inferikSt
Swift Co
Ana
Ruddick
T&t
Tameae
Babek
Iowa
Tektronix
ve'Wach
Temneco
Wix
Beckman
Itek’ Corp
Texetrn
Wellington Hall
Beech Air
Jewel Co
Bell How
Texgsul
Bendix
Johnsba
JohnMan
Texas
Benguet
Jon Logan
Textron
Beth Sd
Timk
Wy Barden
Ko ToddShp
Ma BorgWar
Kaiser al
BucyEr
Katy Ind
Vtrw Inc
Budd Co
Kayser Ro
Bulova W
Kenncott
Va Burrghs
Caribbe
Va —C— Kresge SS
SRA Siv
Kroger
Atvs Mgv
Caroplt
Lear Sieg
UnionPacif
Cehpcem
Carter Cp
Carter W
Ag Truit Cp
US Steel
Lockhola
al Hta
Univo Pd
Wik
Cessna Air
Arm Ave
Upjohn
Ches Ohio
Lonesga
Chipneyt
Lonalstt
Ivarian Asso
Macke Co
Macy
Magnvox
Maratha
Athe
WestgEl
Weyerhs
Wa 'Marcor Inc
Sila Siva
SAM
Va Mar Mid
WinDix
Maytag
Woolwich
McDanad
iMead Corp
R ‘Zale Corp
Associated Press
A.P. Stock
Merox
Todiated Press
Ih Associated Press
Uni
Fgn. L
Dow-Jones
South Carolina
Virginia
Weerd
WHPE
H & R Block
America
North Main ST
High Point, N.C
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