Market barely moves as profits take a breather
In a narrow trading session the Dow Jones Industrial Average rose 0.50 to 826.36 at noon with advances edging declines. The AP 60 stock average gained 0.12 to roughly 958, led by industry and rail shares while oils softened on profit taking. Major movers included Howard Johnson on NYSE activity, Ford dipping, and GM announcing 1970 price hikes amid related block trades.
MENTIONED IN THIS ARTICLE
New York
South Vietnam
Associated Press
Gratguo
Howard Johnson
New York Stock Exchange
Ford Motor
Compans
Leasco Data Processing
General Motors
Occidental Petroleum
Phillips Petroleum
Gulf Oil
Standard Oil
Ohio
General American Oil
Control
Sperry Rand
Polaroid
IBM
Xerox
North Carolina Weather Forecast Slight Warm Trend Ahead
Temperatures from Saturday through Wednesday rise, with the northeast seeing above normal and other areas near normal. Daytime highs reach upper 70s in the mountains and around 80s elsewhere, while overnight lows dip to the 50s in the mountains and 60s elsewhere. Outer Banks may see lows in the 70s as warming continues.
MENTIONED IN THIS ARTICLE
North Carolina
Williams linked to 1961 Monroe kidnapping case
A link is drawn between Williams and the August 1961 Monroe kidnapping of a white couple. The abduction followed a day of racial turmoil in Union County. The couple was released unharmed after about a day in captivity.
MENTIONED IN THIS ARTICLE
Monroe
Union
Three day sentenced to die in Lincolnton North Carolina
A jury in Lincolnton convicts Hart Miller and others in a complex case involving the death of an elderly man. The proceedings reveal testimony about drink, travel, and an integrated grand jury context with multiple indictments and retrials.
MENTIONED IN THIS ARTICLE
Day
North, Carolina
Hart "Emt
Craig Chandler
Shen
Lincol County
Lincolnton
Miller
Wallace
Goldsboro
Union County
Elwood Revelle
Husginning
Duplin County
Miller Adays
Ralston Bail Cut in Quincy Court
Wallace Ralston a former High Point North Carolina insurance executive had bail reduced in Quincy District Court from 25000 to 10000 on stock fraud charges Judge Gertrude Halloran ordered the lowered bail and he was freed on a continuance He faced charges of illegally possessing 7800 of Standard Oil stock and using 400000 in stock as collateral for a 225000 loan after returning from Vietnam where he traveled as a seaman
MENTIONED IN THIS ARTICLE
Quincy, Mass
Wallace Ralston
High Point
N. C
Quincy District Court
Gertrude Halloran
Ralston
Standard Oil
Vietnam
Voyager Life names Ronald Brown regional director
Ronald EB. Brown is appointed regional director of agencies for Voyager Life Insurance Company's Atlanta office. Brown previously served six years at Pilot Life in Greensboro and six years at American Defenders Life in Atlanta as regional manager. A High Point native, he studied at High Point College.
MENTIONED IN THIS ARTICLE
Ronald EB. Brown
Voyager Life Insurance Company
Atlanta
Brown
Pilot Life
Greensboro
American Defenders Life
High Point
High Point College
Hanes announces wage increase for production workers
Hanes Corporation of Winston-Salem announced a wage boost for production employees in the knitwear and hosiery divisions. The raise takes effect Monday October 13 and will apply as individual adjustments based on current rate structures. Hanes manufactures a broad range of apparel including ladies hosiery underwear sleepwear knit shirts and sweaters and athletic uniforms.
MENTIONED IN THIS ARTICLE
Hanes Corporation of
Winston-Salem
Hanes
GM Sets 1970 Auto Prices With Warranty Shakeup
GM announced 1970 price increases led by a 3.9 percent average rise and a $124.14 overall model hike. James Roche cited payroll growth and tax increases while Ford and Chrysler weighed their own responses amid GM’s first price lead in four years. Ford and Chrysler prepared price plans, and GM’s five year 50 000 mile powertrain warranty contrasted with Ford’s one year 12 000 mile car warranty.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler,Co
Ford
American Motors
Competi Ag
Motors
Henry Ford II
Ford Motor
James Roche
Research indicates Red China war power lagging
An Institute for Strategic Studies survey on world military strength says China lags in equipment and modern war readiness. It notes weaker heavy artillery and sophisticated gear, limited submarine capacity, and fissile material possibly enough for about 100 bombs. The report compares China with the Soviet Union and United States, noting a growing gap in nuclear and conventional arms.
MENTIONED IN THIS ARTICLE
London
Institute For
Strategic Studies
China
The
Stitute
Alastair Buchan
Soviet Union
United States
Europe
Williams linked to racial demo in Monroe eight years ago
The Associated Press reports Williams, a black power leader, fled the United States after a 1960s Monroe demonstration and has lived in China, Cuba, and Africa. He faced a kidnapping charge alleged to be trumped up, was held at London Airport overnight under guard, then moved to Tel Aviv prison after arriving in New York where he began a hunger strike. TWA agreed to transport Williams and Henry with security guards per U.S. government request.
MENTIONED IN THIS ARTICLE
Monroe
N.C
United States
China
Cuba
Africa
Williams
Pentonville
London
Associated Press
Gulf of Suez
New York
Egypt
Williams Antecast
Tel Aviv
America
TWA
Henry
U.S
Israel Airstrikes Across Gulf Amid Sinai War Clashes
Israel and Egypt traded heavy air combat for a fourth day along the cease-fire line. Tel Aviv reported dozens of Israeli planes meeting an estimated 60 to 70 Egyptian aircraft, claiming 11 Egyptian jets shot down and seven Israeli planes lost. Cairo said six Israelis fallen with about 102 Egyptian aircraft involved. A pilot was missing after a Mirage was hit, with one Israeli downed and others treated for injuries.
MENTIONED IN THIS ARTICLE
Israel
Cairo
Isa
Re- Rael
Nile Delta
al Ahram
Sinai
Egypt
Suez Gulf
Dead Sea
Tel Aviv
Damiya
Jerdar River
Lebanon
Jordan
United States weighs new peace moves with North Vietnam
Officials hint at possible U S de escalation as Nixon ties further troop cuts to progress in Paris talks, reduced enemy action, and greater South Vietnamese combat capability. Washington reports show slow progress on the two remaining criteria while Hanoi reacts to the diplomacy.
MENTIONED IN THIS ARTICLE
Slan
United States
North Vietnam
Hanoi
Ho Chi Minh
White House
Nixon
Paris
U.S
South Vietnam
Washington
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Wn Nuclear
Dressind
Ms OwensCg
Duke Pw
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Yasr
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Fansteel Inc A
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Philip Morr
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Pitney
Firesine
EMG_Co
FordMat
Questor
GAC Cp
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Reading Co
Reich
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Repubut
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Roy Ccala
RyderSys
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de Macke Co
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