Ford Promises Defense Backing Amid Market Slump
New York stocks fell as agricultural prices surged after a Agriculture Department crop outlook. Dow Jones at 755.94, down 11.35, with many majors dropping including GM after Ford speech on inflation. Polaroid and large issues led losses on NYSE and Amex. Overall market breadth favored decliners.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Chicago Board of Trade
Agriculture Department
Polaroid
NYSE
American Stock Exchange
Texas Instruments
Xerox
Burroughs
Yellowknife Mines
Amex
New York Stock Exchange listing glimpse and figures
A long OCR fragment shows a dense stock table with company names, prices, and percentages, followed by The High Point Enterprise masthead. It resembled a transcribed market page listing stocks such as AmAirlin and IBM, interleaved with non stock content including publication details and misc numbers.
American wenverr. vj-In Bankruptcy or receivership or being reorganized
A terse item notes an American concern in bankruptcy or receivership status or under reorganization proceedings under the Bankruptcy Act with mention of securities assumed by related companies and foreign issues subject to interest equalization tax.
MENTIONED IN THIS ARTICLE
High Point Enterprise
TRE High Point Enterprise, Inc
Church Avenue
High Point
N.C
Associated Press
Vy.r. & Me
Ma. Mo
Corriar Wkly
Wenverr. Vj
Ford pledges detente with USSR but stresses defense
President Ford in his first address to Congress and the nation calls for strong defense as the bedrock of peace. He ties detente to a robust military, notes continuity with Nixon policies, and outlines goals including a forthcoming economic summit and limited legislative action.
MENTIONED IN THIS ARTICLE
Hy Barry Schweid
Associated Press
Washington (Ap
Ford
Soviet Union
Congress
Nixon
Moscow
Tass
United States
Pentagon
State Department
Geneva
House Okays Killing Seat Belt Interlocks
The House voted to drop mandatory seat belt interlocks and air bags from new cars by 1976. Rep Louis C. Wyman led the amendment making safety features optional, arguing drivers oppose mandatory buckling. Critics warn airbags would be mass produced at high cost and that Senate action remains uncertain.
MENTIONED IN THIS ARTICLE
Washington
House
Louis C. Wyman
R-N.h
Wyman
Ford outlines foreign policy and Congress tensions after Nixon
In his first remarks as president Ford defends congressional prerogatives, urges bipartisanship, and seeks economic restraint while maintaining defense funding. He recounts Nixon era approaches, welcomes access to the White House, and outlines immediate diplomacy with Kissinger and Middle East talks. Brezhnev notes and a possible goodwill tour are mentioned as options.
MENTIONED IN THIS ARTICLE
China
Nixon
Israel
Middle East
Ford
White House
Henry A. Kissinger
Ismail Fahmy
Jordan
Hussein
West Bank
Jordan River
Treasury
William E. Simon
Washington
Cairo
Kissinger
Leonid I. Brezhnev
Communist Party
Nikolai Podgorny
Brezhnev
United States
Europe
Over-The-Counter Bid-Asked Quotations Snapshot
NASD quotations from the High Point office of E F Hutton show inter-dealer bid and ask prices at about 11:00 AM. Prices exclude retail markups, markdowns, or commissions. The list includes American Furniture, Coca Cola, Phillips Petroleum, Piedmont Aviation, Public Service of North Carolina, and other names with varied percentage quotes.
MENTIONED IN THIS ARTICLE
High Point
E. F. Hutton & Co. Inc
ASK
Amer. Furn
Anheuser Bus
Atlantic Pep
Bluefield
Cam. Fin. Corp
Coca Cola
Daniel Int. Com
Dmnd¢hd Corp
Henredon
J. B. Ivey
Life of Caro Hk
Ncnb Corp
N.C. Nat
NW Inv. Co
Phillips Fos
Panel Okays Greenspan Post for Economic Advisers
Alan Greenspan, head of a New York economic consulting firm, moves toward leading the President's Council of Economic Advisers after the Senate Banking Committee approved his nomination on Monday. President Ford supports the nomination as it proceeds to the full Senate.
MENTIONED IN THIS ARTICLE
Washington
Alan Greenspan
Council of Economic Advisers
Nixon
Greenspan
New York
Senate Banking Committee
Ford
Senate
Ford vows unity and protection from intrusion in inaugural remarks
President Ford pledges to be the President of all people promising no illegal tapings or eavesdropping by his administration. Julie Nixon Eisenhower and David Nixon stay away from the Executive Gallery as Ford speaks. He calls for unity across races, faiths, and social divides, asking for public support to be a good leader.
MENTIONED IN THIS ARTICLE
Julie Nixon Eisenhower
David
Ford
Jerry
Cigarette Sales Jump 4 Percent in 1973 FTC Reports
The FTC says 1973 cigarette sales rose 4 percent from 1972, the largest gain in a decade, with low tar brands up 40 percent. Total sales reached 584.7 billion cigarettes, despite Surgeon General warnings and anti smoking campaigns.
MENTIONED IN THIS ARTICLE
Washington
Federal Trade Commission
FTC
Commission
Congress
Surgeon General
IRS Raises Mileage and Per Diem Allowances for 1974
The Internal Revenue Service announced higher mileage rates for 1974, effective January 1. Business use increases to 15 cents per mile for the first 15,000 miles and 10 cents per mile thereafter. Medical, charitable, and moving use rise to seven cents per mile. Per diem for employees away on business travelers increases by $8 to $44 total.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
IRS
Nixon collection valued assets rise from private papers
The General Services Administration claimed White House papers from the Nixon years are his personal property and not state records. Valuations by Ralph Newman placed letters at 250 dollars each, tapes at 25 dollars each, and films at 250 dollars each, signaling potential wealth if libraries or collectors bought the Nixon collection.
MENTIONED IN THIS ARTICLE
General Services Administration
National Archives
White House
Special Watergate Prosecution Force
Nixon
Ralph G. Newman
Chicago
Newman
GSA
San Clemente
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