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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 13, 1977
Page
2
New York stocks slumped after recent gains with the Dow down 6.36 to 930.80 as traders paused ahead of President Carter's anti inflation plan due Friday and an energy message next week. S.S. Kresge led losses on the NYSE, down 3 8 8 percent at 31 1/2 after a large block trade.
Major indexes advance as investors react to corporate results and economic indicators. Blue chips lead gains with notable moves from Coca Cola Oklahoma and Pfizer while trading volume remains elevated and market breadth improves.
A fragmented OCR shows over the counter prices and national prices for American Stock Exchange issues at noon. It lists many companies with bid and ask figures and percent changes amid a broad market snapshot.
A partial Dow Jones A P stock averages snippet shows figures for rails and utilities with high and low values and totals. The legible numbers include 214 327 and 1022 654 amid garbled characters, indicating an incomplete data line from a noon ticker. The source text is fragmented and lacks full context.
A 1975 recycling tax exemption for equipment is attacked as a windfall for junkyards. Rep. Parks Helms seeks repeal, arguing the law rewards owners of existing gear and drains county tax revenue. Supporters say the incentive promotes recycling and reduces landfill use.
Patricia Hearst's defense seeks overturning her 1976 bank robbery conviction, claiming a massively prejudicial trial violated constitutional rights. The 9th Circuit will hear oral arguments with 30 minutes per side. Hearst may not attend, awaiting the appeal from Hillsborough guarded by police.
The CDC reports a bacterium similar to the Philadelphia outbreak strain has appeared in Detroit Flint Indiana Vermont and California with deaths in Indiana Flint and Vermont and recoveries elsewhere Pneumonia is the common link and airborne spread remains unproven erythromycin is noted as effective treatment
The article contrasts the honesty in cries for justice with the conduct toward others. It notes that a man’s integrity is shown by his attitude and that truth can be misused by those seeking to sow doubt.
Rev. Joseph E. Lowery urged President Carter to curb a Georgia utility’s coal dealings with South Africa, saying such purchases undermine human rights policy. He also challenged changes to the food stamp program, opposing removing about 1.5 million from eligibility while supporting cashless benefits.
RALEIGH AP The North Carolina House will debate a bill to cut small loan interest from 36 to 24 percent after salvaging the measure from an unfavorable committee report. The 61 50 vote to consider the bill spurred a minority report and faced opposition from Rep. Graham Bell, who questioned any rate below 30 percent on the first 300. Rep. Al Adams urged debate, saying the bill would aid the most unfortunate and questioned industry practices. The sponsor pressed for full discussion and asked if a lower rate is needed for the first 300 given unanswered questions about the business.
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