Market Slips as RCA Move Sways Investor Sentiment
The Dow tumbled into negative territory with the noon average down 3.28 to 901.87 as the AP 60 stock average fell 0.8 to 329.9. RCA rose 1 to 36 on news it will quit computer manufacturing and take a potential 250 million after tax charge, while IBM gained 2 to 304. Bausch & Lomb dropped 4 to 138 amid a California contact lens recall tied to its high price-earnings ratio.
MENTIONED IN THIS ARTICLE
RCA
IBM
Bausch & Lomb
California
B&l
Associated Press
New York Stock Exchange Rates and Dividend Footnotes
Unofficial NYSE price data and dividend notes explain terms for regular and special payments. Footnotes clarify letters for extras liquidations stock splits and ex dividend or ex distribution statuses across 1970s issues.
Winston-Salem Parents Seek Federal Aid Over Desegregation
A Winston-Salem Forsyth PTA delegation met with Nixon aides to press for more emergency school assistance as desegregation reshapes funding. Officials pledged to review the district’s request for 1.2 million dollars. only 630,855 was granted. Meanwhile, 75 students rallied against busing, marching from Philo Junior High to Hill High to demand neighborhood schools.
MENTIONED IN THIS ARTICLE
Washington
Winston Salem-Forsyth County
Parent-Teacher Association
Winston-Salem
June Rikard
Nixon
Ams A
New York Stock Index Wanes at Noon Trade
Wall Street shows a muted pattern as the New York index nudges lower by small margins. Industrial, Transportation and Utility sectors edge down with modest losses reflecting limited trading activity at midday.
MENTIONED IN THIS ARTICLE
New Yorker
New York
Barry Ie
Old Belt Sales Off On First Day
The Associated Press reports opening flue cured tobacco sales on the North Carolina Virginia Old Belt averaged 70.28 per hundred pounds Monday. First day totals show 8,799,746 pounds at 78.78 on Virginia floors and 8,389,438 pounds at 77.71 on North Carolina markets. Quality favors buyers but some better grades sold up to 83 per hundred. Markets were heavy with volume across 20 markets.
MENTIONED IN THIS ARTICLE
Associated Press
North Carolina-Virginia Old Belt
Virginia
North Carolina
Federal State Market News Service
Eckerd Drug Stores Plan 2 for 1 Stock Split
Eckerd Drugs Inc based in Charlotte calls a special meeting of shareholders to approve an increase in common stock for a 2 for 1 stock split. The board announced a shareholders meeting will be set soon. At a Monday meeting three more Eckerd stores will open this month, bringing total stores to 131.
MENTIONED IN THIS ARTICLE
Eckerd Drugs, Inc
Charlotte
Eckerd Drug
Military drug programs found very inadequate says Murphy
Rep. John Murphy reports federal rehab efforts for military personnel are disorganized and ineffective at bases in Miramar Lackland Ft Bragg Ft Dix Fort Worth Lexington and Southeast Asia He cites distrust among patients and calls for stronger action to curb drug abuse impacting discipline and morale.
MENTIONED IN THIS ARTICLE
Washington (Ap
House Commerce Committee
John M. Murphy
D-N.y
Murphy
Vietnam
United States
Nixon
Meub Guuttt
Justice Department
Navy-Marine
Miramar Naval Air Base
California
Air Force
Lackland Air Base
Texas
Army
Ft. Bragg
N.C
Ft. Dix
N.J
Public Health Service
Fort Worth
Tex
Lexington
iKy
Southeast Asia
Don Edwards
D-Calif
House
General Accounting Office
PHS
Edwards
Congress
Smoking Upturn Seen in Per Capita Cigarette Use
The Agriculture Department projects per capita cigarette consumption by Americans 18 and older will average about 3 989 cigarettes in 1971 72 up four cigarettes from 1970 marking the first rise in five years. Total use domestically and for export may be slightly below last year with exports slowing from 635 million pounds in 1970 71. The tobacco supply for 1971 72 is expected to exceed 5 4 billion pounds with carryover over 3 6 billion pounds and a 1971 crop under 1 8 billion pounds.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Department
USDA
Ervin Defends Senate Rights Against Gravel Subpoena
Sen. Sam J. Ervin Jr. challenges the Justice Department subpoena of Sen. Gravel aide Dr. Leonard Rodberg to testify before a Boston grand jury. Ervin says the move infringes Senate prerogatives and constitutional protections for speech and debate. Gravel reads portions of the Pentagon Papers at a Senate hearing, tears visible.
MENTIONED IN THIS ARTICLE
Washington
Sam J. Ervin Jr
D-N.c
Justice Department
Mike Gravel
Alaska
Gravel
Ervin
Leonard Rodberg
Boston
Senate
Congress
House
Executive Branch
Senate Constitutional Rights Subcommittee
Senate Public Works
Fight at West Charlotte High injures five pupils
A clash at West Charlotte High School involved 30 to 50 students and left five with minor injuries. They received hospital treatment.
MENTIONED IN THIS ARTICLE
Charlotte
West Charlotte High School
Medina Murder Case Nears Jury
The judge plans final instructions as jury deliberates Medina fate in My Lai case. Only one murder count remains for deliberation, with a possible three year term for voluntary manslaughter and up to three years for an assault count.
MENTIONED IN THIS ARTICLE
Medina
Nears Jury
Kathryn Johnson
Associated Press
FT. Mcpherson
Ernest L. Medina
My Lai
Kenneth Howard
Howard
Montrose
Colo
Also Mentioned on This Page
Stock Market Report
American Exchange
John Henry AP
New York Stock Exchange
NEW York Exchange
Ches Ohio
Merck
WIMGM
Chris Craft
Microdot
Chrysir
Vo Sew York
Val Exchange
Temvestee
MobilOil
Collins
MorNor
Va Ark Best
CBS
Motorola
Asa — Ve Arklgas
Asamera
Comsat
Nabisco
Natcashr
Certron Cpx Am
Cinerama
Um Conti Corp
Natomas
NewPow
Cox
Yeloe
Gt Basin Pet
Husky
Norfolk
Norris Ind
Jetronic
Jupiter Cp
Kaiser
Dan River
NoStaPw
Kin Ark Corp
Dart Ind
Sorthrop
Kingsford
Daycorp
Nwst Airt
Ling Tvot
NwtBanc
Deere Co
Norton
Marshal Ind
del Mate
Nort Simon
V2 Milgo Elect Newldria Mn
Disney
NewPark Mn A
Ba Es Okla Ngs
DomeMns
Ve Olin Corp
Otis Elev
Uclear Ammumm
Mar
OKC Corp
Owen Cng
Ozark
Ees duPont
Owen Sil
Permaner
Ve — PQ
Phoenix Sun — Dynam Am
Eaton
Pac T&t
Scurry Rain
Echlin
Panams
Statham
Eg&g
Ve Syntex
Technicilor
Penn Cent
Telepromtr
Emer
Penn Dixie
Tesoro Pet Au
Essexint
Penney JC
PaPwLt
PennzUn
Viewlex
Fairch Cam
PepsiCo
Vikoa Inc
Fair Ind
Pfizer
VLN Corp Nv
Fansteel Inc Be
Phelps D
Westates Ptt
Phila el
Wilshire
PhilMorr
Yates Ind
Phill Pet
Zim Hom
Pitney
Publicind
ForMcKs
Pullman
Seadbee Gaf Corp
Ralston P
Gam Sko
Ranco Inc
Gannett
la Raytheon
Mme M+ M GenElec
Gen Tire Ib
ReynMet
GaPacif
Rohr Cp
Gerber
Roy Ccola
RoyDut
Gillette
Ryder
Glen Alden
Safeway
Arizona
Sanders
Aes SanFeint
Iscoa Ind
AMBAC
Sears
Signal Co
Harris
SingerCo
Va Smith KF
Te Hercules
Am Hosp
Heublein
Sctreg
Mnicix
Am Motors
HoernValve Uw — South Co
Hoff Electron
Southn Pac
At&t
T&t
AMP Inc
Howmet
Kollsman
Stdiical
idahoPw
Va Ideal Bas
SIOIN
jimpriCp Am
Stauf Ch
Stevens
SunOit
Lee Harv
wiftCo
Avco Corp WM
Tektronix
Teledyne
Lowa Beefle
Telex Cp
Lowapsv
Tenneco
Itek Corp
Texaco
BeechAir
Bell How
Jewel Co
Tex G
Boeing Co
Borden
Timken
BorgwWar
Todd Ship
Brist My
Kennecott
Brit Pet
Kernvicg
Transmra
Brunswic
Bucy Er
TRW Inc la
Budd Co
Koppers
Bulovan
Kraftco
Kresgess
VAL Inc
Kroger
Lenrnn
Uniroyal
Cal Finant
Levitz Furn
Ays
Unit Air
el Dv
UnitCp
Unit MM
Cerrier Cp
US Gypsm
CartWal Ata
Ling Tem Vt
Univ
Univ Cptr
Cerro Cp
LongisLt
Upjohn
Varian Assoc
VendoCorp
LVO Corp Vv
Wr Banc
VW Mead Corp
Williams Co
Zale Corp
Zenith
A.P. Stock
Ancqasaned Press
Tad
Mais Util
Aio
Ign
Spefen
Mae Ind
Util
Ro. LY
Neon Yue
Winston-Salem Group
Dow-Jones
Trans
NEW York Stock Index
Carl C. Craft
High Point Enterprise
High Point Enterprise, Inc
Church Avenue
High Point
Ward-Griffith Company
National Advertising Representatives
Gerald Morgan
Morgan's
Expert Fence CO
Morgan
R.S. Dickson, Powell, Kistler & Crawford
New York Stock Exchange, Inc
American Stock Exchange
N. Main Street
N. C
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