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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 22, 1976
Page
4
New York stock market cooled today as the noon Dow Jones average stood at 1011.41 up 0.39. NYSE issues led decliners two to one and trading volume fell from Wednesday. Kresge rose to 77 and Reynolds Metals edged up after reporting higher quarterly income.
Large cap shares show declines amid a broad market dip as mixed quarterly results from major corporations including Con Ed and Polaroid temper investor sentiment. Traders monitor energy prices and bond yields while sector performance remains uneven across the day.
A.P. Stock Averages present sales figures and dividend data with annual disbursements based on the last declared period. The table marks special dividends and payments, including liquidating, stock, and warrants as indicated by codes and notes.
Market data recap shows tentative figures with indices for industrials transportation and finance. no clear closing values available. Observers note mixed movement as sectors vary, with brief reference to overall market tone at midday in New York.
The Justice Department orders four North Carolina counties to provide ballots and materials in American Indian languages along with English. Hoke and Robeson counties in the east serve Lumbee residents, while Jackson and Swain in the west serve Cherokee communities. No South Carolina counties are included in the guidelines.
President Ford denounced claims of U.S. military inferiority as nonsense while campaigning in Indiana for the May 4 primary. He avoided naming Reagan but framed the attack as a challenge to all Republicans. Reagan pressed similar lines in Georgia and Texas visits.
UEA backed plan would force government stockpiling of early production to keep the plant running, raise prices to push customers to VUEA, and levy 15 percent after tax equity profits while letting Bechtel and Goodyear control costs. It would channel 60 percent of profits to foreign lenders, risk a government takeover if the project falters, and seek close government cost control and oversight. ERDA initially supported a Nuclear Fuel Assurance Act, but administration shifts and Bechtel ties influenced the stance.
Princess Anne suffered a hairline vertebral crack and concussion after her horse Candlewick fell at the Portman Horse Trials near Blandford. An ambulance took her to Poole General Hospital where doctors described the injury as very minor. she remained under observation overnight. Her husband Captain Mark Phillips said she should be back riding by the weekend and aims for the 1976 Olympic cross country team, with selectors noting her eligibility. The horse was unharmed.
A Hickory woman, Phyllis Ann Christopher, won a new trial from the state Court of Appeals. The court ruled she was entitled to a new trial after the trial judge failed to instruct the jury that it could reach a manslaughter verdict in the pistol slaying of her husband Jack R. Christopher.
James Casey of the SFMC says many will come with a lot of commitments to buy as housing starts rise and retail furniture sales grow. The market will host a press conference and a Commerce Dept program to boost export business with worldwide embassies inviting buyers during the final three days in the Commerce Street Wing lobby.
Timothy Leary walked out of the Metropolitan Correctional Center in San Diego on parole, smiling as he waved to inmates. The 55-year-old former LSD advocate served a year of a 10-year federal sentence for a Texas marijuana conviction involving less than a half-ounce.
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