Market slips as inflation fears cap gains
New York stock market drifted lower in a lackluster session. The Dow Jones 30 fell 3.93 to 956.40 at noon with modest advances and declines on the NYSE. Analysts cited inflation worries offsetting strong first quarter earnings and a generally trendless market. Northwest Airlines led volume on the Big Board, slipping after a large block trade. The Nasdaq-like indices showed small declines amid steady trading.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Eldon Grimm
Walston & Co
Northwest Airlines
American Stock Exchange
American Exchange Noon Prices Strong Across Market
American Stock Exchange noon prices show a wide spread of gains and losses across numerous listed issues. Major industrials and energy names report mixed results with several issues advancing and others retreating amid steady trading and notable activity in Texas and California listings.
High Point Enterprise Local Newspaper Rates and Contacts
The High Point Enterprise published in North Carolina provides subscription rates for daily and Sunday delivery, carrier options, and advertising representation. It lists office address at 210 Church Avenue, subscription terms, tax notes, and national advertising contacts through Sus Ward-Griffith Company.
MENTIONED IN THIS ARTICLE
High Point Enterprise, Inc
Church Avenue
High Point
N.C
Associated Press
Sus Ward-Griffith Company
National Advertising
Dow Jones Stocks Mixed Amid Broad Market Gains
The Dow Jones index showed modest gains with 30 industrials advancing while 20 transportation and 10 public utility issues provided support. Bonds rose as investors shifted toward higher-yield offerings, lifting market sentiment across sectors.
Tax reform push tied to payroll tax levels
A group led by Reps. Corman and Reuss on the House floor planned a payroll tax reform push. Harris outlined that they would meet with labor and congressional leaders to map a strategy. They aim to pass legislation this year to restore payroll taxes to 1971 levels, reducing the typical worker's burden by about $250 and removing certain corporate breaks.
MENTIONED IN THIS ARTICLE
Onal Corman
D-Calif
Henry Reuss
D-Wis
Harris
Holshouser Prefers Legislature Set Auto Insurance Pace
Holshouser submits his own bill this session and declines to state personal views on no fault auto insurance before the legislature. He indicates he will refrain from gubernatorial influence, noting no fault is not a major priority but some legislative leaders may push a no fault package this session. He adds character and worth will continue to matter.
MENTIONED IN THIS ARTICLE
Holshouser
Religions Observe Passover Palm Sunday Holy Week
Jews begin Passover at sundown as Israelis mark the 25th anniversary. Christians start Holy Week with Palm Sunday as Pope Paul VI blesses palms in St. Peter's Basilica.Moslems mark the Prophet Mohammed's birth anniversary while tension edges through the Middle East. In Moscow, Passover services run daily in the city’s only active synagogue.
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Associated Press
Jerusalem
Christ
Michael
Middle East
Paul VI
St. Peter’s Basilica
Rome
Jesus Christ
St. Peter’s Square
Nixon
White House
Edward Victor Hill
Mount Zion Missionary Baptist Church
Los Angeles
Israel
Egypt
Desert
Lod International
Moscow
Governor Plans No Dealings With Indians In Capital
In Raleigh Gov Jim Holshouser says the administration will not meet or act against a Robeson County Indian encampment at a state office building. The protesters led by Howard Brooks want federal recognition for Tuscaroras and redress of alleged Robeson County discrimination. they have met only Lt Gov Jim Hunt.
MENTIONED IN THIS ARTICLE
Raleigh
Jim Holfhouser
Robeson County
Indian Affairs Commission
Commission
Howard Brooks
Pembroke
Golden Frinks
Brooks
Robeson Can
Jim Hunt
GOP Chief Studies Democrat Quotas for Delegates
Rep. William Steiger of Wisconsin says the Rule 29 Committee will study GOP delegate selection without imposing quotas while aiming for open participation. The panel, named by George Bush, will review procedures used in 1972 by Democrats, including open caucuses and representation aims for women and minorities.
MENTIONED IN THIS ARTICLE
C“Rl
P. Leabsdorf
Washington (Ap
Republican Party
GOP
Democratic Party
William Steiger
Wisconsin
Steiger
George ‘Bush
George McGovern
South Dakota
Donald M
Raser
Minnesota
Bush
Snakes And Strychnine Test Faith In Newport Church
The Rev Liston Pack and four others were served an injunction barring handling snakes or drinking poison at services amid a court order. Dist Atty Swann seeks voluntary manslaughter charges after two pastors died from strychnine tests. authorities note enforcement is rare and mistrust remains among followers.
MENTIONED IN THIS ARTICLE
Newport, Tenn
Liston Pack
Holiness Church of God
Little Mountain
Cocke County
Pack
Dist
Henry F. Swann
Buford Pack
Jimmy Ray Williams
Drew Click
Robert Grooms
Clyde Ricker
Albert Ball
George Shepherd
Cocke
iSheriff
Bobby Stinson
Pack’s
IRS says few use tax checkoff for 1976 election
Washington reports the Internal Revenue Service notes a low take up for the new tax checkoff to fund the next presidential campaign. With the filing deadline at midnight, fewer than three percent of taxpayers had designated one dollar to help costs, or two dollars for joint filers.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
IRS
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