Stock Market Dips After Early Rally Fades in Midday Trading
New York stocks sagged as the Dow fell 4.59 to 753.90 by noon after an initial gain. Traders cited Morgan Guaranty Trust’s rate cut as helpful but offset by Middle East tensions and possible GM strike. The 60-stock average slid 1.2 to 253.4 with industrials and rails down.
MENTIONED IN THIS ARTICLE
John Henry
New York
New York Stock Exchange
Dow
Morgan Guaranty Trust
Wall Street
Morgan News
Middle East
General Motors
Associated Press
Balloon Starts Trip Across Ocean
Three adventurers launched a 3000 mile balloon flight from Long Island in a fiberglas gondola named The Free Life aiming for France. Rod Anderson Pamela Brown and Malcolm Brighton carry supplies including champagne and a life raft for a potential six to sixteen day crossing aided by favorable winds.
MENTIONED IN THIS ARTICLE
East Hampton
N.Y
France
Rod Anderson
New York
Pamela Brown
Malcolm Brighton
Farnham
England
Long Island
Brighton
Jordanian Crisis Deepens as Iraqis Back King Hussein
In Amman a royal broadcast urged the 40th Royal Tank Brigade to hold fast against Syrian forces. King Hussein accused Syria of plotting to let Israel seize Jordan, praising Iraqi troops stationed since 1967 and signaling potential intervention. Syria denied border crossing claims amid an Arab summit discussion in Cairo with Yasir Arafat expected to attend.
MENTIONED IN THIS ARTICLE
Hussein
Amman
40Th
Royal Tank Brigade
Irbid
Syria
Jordan
Israel
Middle East
Iraq
Golan Heights
Nureddin Atassi
Damascus Radio
United States
Mediterranean Sea
Radio Cairo
Cairo
Habib Bourguiba
Tunisia
Yasir Arafat
Palesttine Liberation Organization
A.P. Stock Averages Noted in Brief
A terse Associated Press stock summary appears with scattered figures and market indicators across various listings. The fragment shows ticker marks and percentages reflecting daily changes and indices.
Dow Jones Averages Mixed Amid Turbulent Trading
Reading shows mixed activity across sectors with declines in some industrials and transports. Analyzed figures hint at slight pressure in public utilities while overall levels hover near session lows amid uncertain market tone.
Man Held Without Bond In Robbins Shooting Death
Cecil Earl Williams 25 of Robbins is ordered held without bond pending a preliminary hearing for the shooting death of Vernon Ray Reeman 25 of Robbins. Coroner W K Carpenter says the victim died from a single shotgun blast Saturday night.
New York Stock Index at Noon
The New York stock index level at midday shows mixed trading with gains in some sectors and declines in others. Investors weigh corporate earnings, inflation data, and policy signals as trading narrows to a narrow range.
Boone Named Assistant VP at High Point Bank
Harold L. Boone 34 native of Charlotte has been named assistant vice president for High Point Bank and Trust Co in charge of operations. He previously served as cashier of Bankers Trust of South Carolina and began banking in 1954 at North Carolina National Bank. Boone and his wife with three sons will relocate to High Point.
MENTIONED IN THIS ARTICLE
Harold L. Boone
Charlotte
High Point Bank and Trust Co
Boone
High Point
Columbia
S.C
Bankers ‘Trust of
South Carolina
West Mecklenburg High School
Belmont Abbey College
School of Banking
Louisiana State University
North Carolina National Bank
Valley Fidelity Bank and Trust Co
Knoxville, Tenn
Columbia Bank
Charlotte Sanitation Men Strike Over Pay Raises
Charlotte sanitation workers halt garbage collection for a fourth time this year after a mass union meeting approves a strike. About 100 of 600 workers back pay raises the city granted in July, with 5 percent for sanitation employees and 15 percent for department heads. No trucks operate after the vote. no actions or incidents reported. Union leader Jack Port replaces Gene Gore who resigned.
MENTIONED IN THIS ARTICLE
Charlotte
Labour
Jack Port
Gene Gore
Cette
Gore
Hard Line By Kremlin Could Scuttle SALT
An administration source says the U S Soviet arms control talks may fail if the Kremlin pursues a hard line policy. The official noted that Soviet rigidity could derail negotiations despite Nixon's cautious optimism and the Vienna talks produced only questions from Moscow. Negotiators plan to resume in Helsinki on November 2.
MENTIONED IN THIS ARTICLE
Kremlin
Washington
Nixon
Chicago
White House
U.S
Vienna
Helsinki
Gerard C. Smith
Mideast
Nixon Popularity Slips Further In Harris Survey
Louis Harris reports Nixon's overall rating down four points in four weeks and 14 points in nine months. Confidence in Nixon personally at the White House falls from 40 to 35 percent as Americans judge him in 15 policy areas including peace efforts and relations with Russia. He remains stronger on foreign policy than domestic and faces credibility issues on the economy and inflation.
MENTIONED IN THIS ARTICLE
Nixon
White House
Russia
Cambodia
Middle East
Laos
Congress
U. S
Israel
Egypt
Jordan
Richard Nixon
Agnew
Kosygin
United Nations
Caswell County calm after two days of disturbances
After two days of racial unrest in Yanceyville Caswell County, a Negro woman was shot and a downtown building damaged by fire. Police imposed a curfew from 1 p m to 6 a m, one arrest for curfew violation followed the blaze, while three others were charged with weapons and disorderly conduct. The incident remains under investigation.
MENTIONED IN THIS ARTICLE
Yanceyville
N.C
Caswell County
Laverne Johnson
Caswell County Commissioners
Surance
Selective Service
Tornado Vortex Risks Highlight Light Aircraft Safety
FAA officials discuss how a strong tornado vortex could affect light aircraft. William Flower warns of possible structural breakup under certain conditions, while Robert Martin notes a crash risk but questions complete breakup. Sliff agrees core winds exceed design limits yet says outer winds may eject the plane before tearing it apart.
MENTIONED IN THIS ARTICLE
FAA
William M. Flower
Air Traffic Service
Robert Martin
Sliff
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Stock Market Report
American Exchange
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Ei Monsan
Carta
Montdut
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Newber
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Fed Resrees Equity Co
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Va Felmont
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Occid Pet Ib
MidwFini
Newidria Mn
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Syntex
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Perfect Film
Fedders
FedDeptStr
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Firesine
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Lip Morr
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FMC Co
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Uethie Pullman
GAC Cp
GAF Corp
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Annett
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New York Stock
Ralston P
Banco Inc
Genesco
Reviow
Ga Pac
Reyn Ind
Admiral
Gerber
ReynMet
AetmaLif
Gett
RoanSel
Gillette
Rohr Co
AlcanAlu
Glen Alden
Cola
Global Marin
RoyCut
AllegLud
Goodrich
RyderSysa
Alleg Pw
AlliedCh
GraceCo
AlliedStr
Granitec St
Safeway
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Alcoa
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Shell Tr
veHercine
SignalCo
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Hoff Electraca
Scar
AMP Inc
SouPac
Ampex Corp
Houstlp
Java
Southrn Ry
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ingerRand
StOllind
Richfid
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Intrikine
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Tek Corp
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JonnMan
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Telex Corp
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Texaco
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Textron
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KayserRo cd
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Bulova W
errMc
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Bank Ramo
KimbCik
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Trensitron
Va BuriNor
Dewb
Vv CarrierCp Uve
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CastieCk
UN Brands
el LoewsThe
Cres Inle
LongisLt
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Chris Cf
Senne Lukens
LVO Corp
US Steel
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A LykeYng
Ma Clark
Aenee Upjohn
Cleve
Sone Macke Co
Macy RH
Vendo Co
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Martini
Wachova
Maydsir
V NM
West Air Lin
Wa Banc
McGhill
Union
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MelvShoe
Zale Corp
Atlantic
Boston
NEW York Exchange
A.P
Associated Press W
WA WA
Wi WA
Wight
Dow-Jones
Seershnes
Vacs
Sane
Teiacsss Sss
FORD
Grede
NEW York Stock Index
NEW York (Ap
Noon
New York Index
Boone Gets
The
Harris Survey
By Louis Harris
Harris
Numa F. Reid Lodge
A.M
Emergens Communication
Maso “Sons
Guy B. Heilig
E.G. Updegrove
Nash
Nash Jewelry & Loan Co
N. Main St
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