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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 20, 1974
Page
1
New York AP report shows the Dow little changed at 721.84 by noon after a brief opening rally failed to sustain momentum. Bearish traders reduced positions as CLorox led activity with an 8 percent gain on a large block trade. NYSE and broad indices edged down, signaling a muted session overall.
The High Point Enterprise, an independent newspaper in High Point North Carolina, announces its long established status since 1884. The paper details publication schedule, pricing for mail and carrier deliveries, and its affiliation with the Associated Press. It lists contact and advertising representation details and notes carriage as independent contractor delivery.
The document explains that U S figures are unofficial and dividend rates reflect annual disbursements from the last quarterly or semiannual declaration. It defines footnotes for special dividends and various statuses such as extra, stock dividends, liquidating, and payments in arrears. It also notes symbols for new issues, deferred actions, ex-dividend dates, warrants, bankruptcy status, and foreign issues subject to tax, among others.
Quoted inter dealer prices as of about 11 a.m. reflect representative bids and asks. Markets vary through the day and do not include retail markups or commissions. Quotations are provided via E. F. Hutton & Co. from the High Point office.
President Ford, speaking aboard a presidential jet returning from Chicago, urged the nation to heal in the broadest context amid calls for forgiveness and rehabilitation of all past conflict casualties. The remarks sparked questions about possible amnesty for Nixon and other Watergate figures, though aides point to his previous stance against immunity.
A retrospective on Nelson A Rockefeller's governorship notes his expansion of the State University of New York from 41 campuses and 38,000 students in 1958 to 72 campuses and nearly 300,000 students by 1973. It cites environmental moves including a 1966 state bond for sewage plants, Adirondack growth restrictions, Medicaid expansion, drug rehabilitation agency creation in 1967, Urban Development Corp. in 1968, and the 1969 abortion-on-demand law. It also mentions the Empire State Plaza project, described as a bold government center.
The article describes a Democratic split as labor blacks and liberals clash over reform and quotas, a walkout led by Willie Brown Jr., and a chairman adjournment as factions threaten to derail party unity. It notes Rockefeller's budget expansion and the rise of semi autonomous agencies under his tenure.
Ford announced Nelson Rockefeller as the new vice president designate after a broad consultative process with Congress and Republican leaders. Rockefeller said America faces serious times requiring close White House and Congress cooperation, while Ford called Rockefeller a proven leader with a long record of public service.
North Carolina Republicans welcomed President Ford’s choice of Nelson Rockefeller for vice president. Key figures like Thomas Bennett and Rep. James Broyhill voiced support, citing Rockefeller’s experience, state and federal service, and potential to unify the party and nation. Several NC lawmakers, including James G. Martin and Jesse Helms, offered measured praise and expectations of a thorough confirmation process.
AP reports a deepening shortage of tin plate and soda ash drives scarce canning jars and lids. Ball Corp and Kerr Glass say demand surged about 170 percent as Americans can more at harvest time. Steel makers limit tin supplies, and soda ash has been scarce for two years, worsened by EPA shutdowns for pollution violations. In North Carolina a separate wreck killed a 44-year-old man when his car lost control on a curve.
Alcoa announces it will stop producing Alcoa Wrap Wear-ever Foil and private label brands for supermarkets by year end due to a shortage of aluminum. Reynolds Metal Co and Kaiser indicate ongoing output. Industry cited rising ingot prices driven by taxes in bauxite-producing countries as a major factor.
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