Market Dip Deepens as Banks Press Higher Rates
New York stocks fell for a second day with the Dow off 6.26 at 839.72 at noon as banks lift prime rates and the Fed signals tighter policy to curb inflation. Matsushita Electric led activity, dropping 1 8,. Motorola declined about 1 1/2 percent amid antitrust questions over a Matsushita home television receiver deal.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Federal Reserve Board
Matsushita Electric
Justice Department
Motorola
Matsushita
Wall Street Ends Mixed on Broad Indexes in 1974
The New York Stock Exchange session shows mixed results with notable moves in several big names. Trading highlights include energy, financials, and consumer firms amid a broad array of daily price changes and volume levels.
High Point Enterprise Introductory Page Notice
The High Point Enterprise established 1884 announces its status as an independent newspaper published daily and on Sundays. It lists subscription rates, carrier terms, and office contact details for High Point North Carolina including postal and advertising references.
MENTIONED IN THIS ARTICLE
High Point Enterprise
High Point Enterprise, Inc
Church Avenue
High Point
N.C
Associated Press
AP News
Ward-Griffith Company
National Advertising
Three Air Force men Held in Utah Shootings and Torture
Homicide charges filed against two Hill Air Force Base airmen in a robbery slaying case in Ogden. Five victims were beaten, tortured and shot. three died. Pierre from Trinidad and Andrews from Jonesboro, LA were arrested after victims identified them. Victims included 16 year old Courtney Naisbitt and 18 year old Michelle Ainsley. Autopsy noted back head gunshot wounds and caustic liquid ingestion.
MENTIONED IN THIS ARTICLE
Ogden, Utah
Air Force
Hill Air Force Base
Dale S. Pierre
William A. Andrews
Ogden
LeRoy Jacobsen
Pierre
Trindad
Andrews
Jonesboro
Jacobsen
Robert Warren
Edwin Hymas
Courtney Naisbitt
Byron Naisbitt
Orren W. Walker
Stanley OQ. Walker
Michelle Ainsley
Young Naisbitt
Trial resumes in draft refusal case against Baechler
A six-man six-woman jury continues deliberations in the federal draft refusal trial of Bruce A. Baechler a 19 year old Quaker from Glastonbury Conn arrested for notifying a North Carolina draft board that he would not register His attorney compared him to William Penn as the judge freed him on contempt charges Baechler faced multiple contempt citations for refusing to stand during proceedings and was jailed briefly before his appeal is considered.
MENTIONED IN THIS ARTICLE
Wilkesboro
N.C
Bruce A. Baechler
Glastonbury
Conn
Baechler
Eugene 4. Gordon
U.S
Deborah Mailman
Raleigh
William Penn
Pennsylvania
Penn
Bruce Andrew Baechler
Tilley
Oil profits climb as 1974 first quarter tops 1973
Senate Interior Committee remarks followed four oil majors reporting strong early 1974 earnings. Exxon posted 705 million in Q1 profits, up 39 percent from 1973, Texaco rose 123 percent to 589.4 million, Occidental-Petroleum surged 718 percent to 67.7 million with revenues over 1.3 billion, while per share rose from six cents to 1.14. The firm cautioned year outlook, citing restatement of 1973 items.
MENTIONED IN THIS ARTICLE
Jackson
Washington
Exxon
Texaco
Mobil
Occidental - Petroleum Corp
Occidental
Mitchell Prosecution Charged as Political War
John N. Mitchell's lawyer, Peter Fleming Jr., called the federal conspiracy trial a political prosecution born from national trauma. He argued the government failed to prove Mitchell and Maurice Stans fixed Vesco's fraud case in return for a $200,000 Nixon campaign contribution, while accusing the case of being a prosecutor's vision rather than a true criminal conspiracy.
MENTIONED IN THIS ARTICLE
John Morganthaler
NEW York
John N. Mitchell
Peter Fleming Jr
Mitchell
Maurice H. Stans
Commerce
Robert L. Vesco
Stans
Vesco
Fleming
Securities and Exchange Commission
Nixon
Walter Bonner
U.S
John Wing
U.S. District Court
Lee P. Gagliardi
White House
John W. Dean Ill
G. Bradford Cook
SEC
Dean
Cook
United States
Austrian President Jonas Dies After Long Illness
Austrian President Franz Jonas died just after midnight at 74 after a prolonged cancer battle. Cabinet sets June 23 for elections to choose his successor, with mourning nationwide. Jonas, a Socialist, led a largely ceremonial presidency for nine years and was buried in Vienna after a memorial session and funeral procession.
MENTIONED IN THIS ARTICLE
Eric Waha
Associated Press
Vienna
Austria
Franz Jonas
Socialist Party
Rudolf Kirchschlaeger
Jonas
Hermann Wilhalm
U.N
Kurt Waldheim
Senators Vote Compensation Bill for Poultry Losses
The Senate passed a bill compensating Mississippi poultry interests for pesticide contaminated chickens, sending it to the House where similar measures are under review. The measure could reach the full House early next week amid debate on prejudicial precedent and agricultural indemnities.
MENTIONED IN THIS ARTICLE
Washington
Mississippi
Senate
House
High Pointer Escapes Prison
Prison officers searched near the Polk Youth Center in Raleigh for 19 year old Scott Dalton after he escaped Tuesday night from a moving transport. Dalton of High Point was serving 4 to 5 years for selling drugs and fled into woods after leaping from a car.
MENTIONED IN THIS ARTICLE
Raleigh
Polk
Scott Dalton
High Point
Lexington
North Central Correctional Center
Dalton
Chisholm Inquiry Is Ending
Washington AP reports the Justice Department says the investigation into Shirley Chisholm’s presidential campaign finances is substantially closed with only minor matters pending. The GAO had flagged four potential violations, including corporate contributions and record keeping, while noting a cash surplus at campaign end.
MENTIONED IN THIS ARTICLE
Washington
Justice Department
Shirley Chisholm
Department
Robert Stevenson
GAO
Chisholm
CAP
Costs Force Utility To Skip Payment Costs For Con Ed
New York based Consolidated Edison suspends its 45 cent quarterly dividend due to higher fuel costs and cash conservation needs. First quarter earnings fell one third from 1973, with $29.55 million or 48 cents a share versus $44.21 million or 80 cents a year earlier. Stock markets respond with a Dow drop of 12.59 points and utilities leading declines.
MENTIONED IN THIS ARTICLE
AmHosp
Amicit
AmMal,ide
ArmstCk
Ashdoua
CaterTr
Comiclll.sa
Coopindt
ComnGl
Cowles
Cowles.05e 11 16 5% CoxBdcet3s 8 Id 34A Toby Cpc IniSnCrouHin
Delta Air
Disney
Sue Fansteela
Firestonel
Flintkotl
GaMots
Gpubutlss
Gtirel Ob
Gentscolnc
GaPac
Gerbera
Giltatie
Globaimar
Visa Géodrhi
Goodyrtr1
Esmarkl
Hercules
Heubleinl
HewltPk
Interski
Morris
IBMS
Ziel Wan A
Kerr MG
Kimbel
Knightn
Sia
Koporsi
Sia Sovz
OlinCorp
Omark
GuimMarliza
Owenill
PhileEl
Ae PhilMorl
LTV Corp
Lukens
LVO Corp
AM Macmill
Tha
Pac Indi
McDonalds
Maerck
MGM
Midsun
Tos Ae Va. SeaRtLest
Swasearleg
Shelloliges
Singerz
Smithkiine
SonyCp
Sperry R
StBrangs
SterDrug
SunOilfir
SystranQon
My Tampae
Tektronx
Teledyn
A. Teleprmpt de TelexCo v. Tenncol
Tesorop
Texaco
de Texasglt
Texironico
UnitAlrei
Wachova
Warnl
IBM
Winnebago
MeroxCpl
ZaleCorp
Associated Press
New York
Consolidated Edison Co
New York City
Westchester County
Con Ed
Dow Jones
Dow
New York Stock Exchange
Also Mentioned on This Page
Business and Financial News Stock Market Report
Dow-Jones
A.P. Stock
NEW_YORK
Aaa
Seay Indus
Sutil
Stoc
WZO
American Stock Exchange Saleriec
BarnesEng
Pane Cinerama
DixilynCor Dillardst
FedResrces
FrontierAir
Kaiser
LatayRadio
Lee Ennis
Loew Thewt
Ata
Newldria M
NewparkRs
Eeea N Proc.35e, 9 VW 7M 7M 7Ma— Va NorCdn Oils
Ormandiad
Ovarkahlin
Phoenix Si
Viewlex
Westatseal
Wilshro
Hill Afb
Pierre and Andrews
Senate Interior Committee
Harry Sears
New Jersey
Sears
Grand Jury
Mr. Mitchell
John Dean
Bonner
Vescoitis
Maurice Stans
Dick Clark
Iowa
Agriculture Committee
Clark
Democrats
James C. Eastland
John C. Stennis
High Pointer
Chisholm Inquiry
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