High Point Enterprise Newspaper Archives Aug 27 1976, Page 2

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High Point Enterprise (Newspaper) - August 27, 1976, High Point, North Carolina 2a High Point Enterprise Friday August 27, 1976 business and financial news Stock Market report new York a the Stock Market was mixed today recovering slowly from an Early define with a boost from favourable government statistics on the economic Outlook the noon Dow Jones average of 30 Industrial stocks was up i 99 at 962 43 hut both the transportation and Utility average showed declines and losers maintained a 3-2 Lead Over gainers among new York Stock Exchange lifted issues. Jat the opening the cd immerse department reported that its Index of leading economic indicators Cairn bed .5 per cent in july extending its string of consecutive monthly gains to 17. Bookers said the Market rescinded Only sluggishly because of concern that the recent growth rate of the Money Supply might prompt Federal Reserve policies festering higher interest rates. Youngstown steel door was actively traded climbing 44 to 171 h on thursday Jenison sessions said it planned to offer $17 apiece for All of the company s shares. The Nyser a composite my a of More than 1,500 com or inn Tocks was Down of at 54 15 on the american Stock Exchange the Market value Index Rose .09 to 101.32. Big Hoard volume was very Light totalling Only 5.56 million shares Over the first two hours against 6 85 million in the comparable period thursday Chrysler 5e 16 321 204 Citicorp 96 11 779 32 % cities so 2 so 7 85 so Elf take i 60 1.1 Covel i la 2 56 9 of Orozco .52 la Coe acol 2 66 19 col Pai is 15 congas 2 14 7 Combe no 2 9 come 2 40 9 Comsat i 6 c sorted i 60 5 conds i 35 8 con nos 2 24 7 co Supow 2 7 contain tin a entice 2.80 16 Cut Lorp i 80 7 cont Oil i 20 a cont Tele i la control oat 9 Cooper in 84 11 Corno i 12a 21 Cowles 56 1.3 c of be 45 12 Craig 20 4 Crown Cork 8 Crozel i 80 12 Curtissr 60 9 28 a 124% 844% 274% 744% 43 306% 264% 18 n 25�?Ta 27 21 to 48 314% 35?% 14 21 % 37vx 74 % 104% 34 12�?T/j 204% 414% 16 4 do 167 35% 35 i 83,4 65 27 37 224% 144% 69?% 31 % 47 % 14 % 444% 414% 194 12/4 49i., 434% 78 a 12 84 27�?T% 24�?T 4 424% 30% 26 -4 184% 2sh 27 % 20 7 48 % 31 % 354% 144% 2 in 37 h to h 34 % 12% 20% 20/4 3 321 z-491% 44 28 % 12 84773% 24 4 424% 4% 303%�? % 26�?T a 183/4 % 25�?T/4�? a a 27 % 20 % 7% a 48�?T. 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Aava 16 a 36 35 18 v. 67 a 327. 14% 26 a 34 it 105 is j3 v x 17 /. A 20 % 53 a 12 12 to it 9�? /. Mid september Start expected for debates 24 13 ?. 28 62 it 15 a 50 4 85 v 8?%�? a 7?e % 8a i2 a 21 Vava 6 a ?8 478 37. 17>/4�? it 435% 56?%�? 4 13�? 16?%- a 14 v 33 22 a 10 24 v i8�? is 16. A 41 25 a 6% % 29 5 ii 21 a 37 54 21 v by Tom Raum associated press writer Washington a negotiators for president Ford and Jimmy Carter Are taking proposals for a series of televised debates Back to the presidential candidates with prospects Likely for an initial debate in mid september representatives for both Camps reported substantial Progress toward arrangements for the debates after a 3l/2-hour meeting thursday with officials of the league of women voters which has offered to sponsor the sessions however neither Side would discuss specifics. The group was to meet again next wednesday to Iron out details. Al involved agreed that there definitely would be presidential Campaign debates a the first since the 1960 meetings Between John f. Kennedy and Richard m. Nixon a and that the first debate would be sometime next month. Ford has been pushing for a first debate shortly after labor Day while Carter has favored holding it sept. 28, As originally proposed by the league. With both sides talking of move ment toward a settlement it seemed Likely that the initial debate would be scheduled sometime Between the Days proposed by each candidate. Judy Powell Carter s spokesman indicated that the format of the 1976 debates would be similar to that of 1960, with panels of reporters questioning each candidate in turn. In addition to proposing that the first debate be held on sept. 8. 9. Or to Ford had recommended that it Deal with National defense issues. William Ruckelshaus the former attorney general who is one of the Ford negotiators declined to discuss whether the Ford Camp had backed off that original proposal that s too specific for us to get into at this Point a he said. Earlier Powell had dismissed Ford s outline of the first debate As a a Public relations Effort not to be taken seriously a a claim rejected by Dean Burch another Ford representative who told reporters before the negotiating session a a it was very serious spokesman for both Ford and Carter said they were under no obligation to take the league up on its offer to sponsor the debates but both indicated that they probably would agree to league sponsorship unless there was some compelling reason against doing so. Meanwhile the league s participation remained under a Legal Cloud with the Federal election commission to decide monday whether any Federal Campaign financing Laws might be violated. The commission thursday was told by staff lawyers that the league s sponsorship of the debates would Only violate Campaign Laws if Union or corporate funds were used to underwrite the sessions. Earlier there had been speculation among the commissions Legal staff that the entire project regardless of the source of financing might violate the provision barring presidential candidates from accepting private contributions once they had agreed to accept Public funding of their campaigns. As both Ford and Carter had the commission declined to endorse the latest recommendation of its attorneys however putting the whole matter off until the monday session Sharp opinion was expected poll decline Carter says 45 2555 a 54 8 19 19 1.1 4014 34 26 22 33�?T j 34 % 4 364 25 58- 7 28 30 1 20 31 75�?Tn 16 8 25 30 97 44 12 j 11 46 37 75�?T% 78 75 23 Llu. 8 20 j7 24 1 36 18 39 74 a a. 2773 to la. 75 46 43 89 19 54 35 45 3 20 11 7 a 27 73 29 t 34 4 78 4 78 4 25-55 -54 8 19--19-13�?T / a 40 a 35 -34 -26 22�?T i 33�?T% 341 44 37 75-58-7 28 -30. 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Nixb 12 Lucky 68b 17 lakes up i 5 38 23 la i 13 us. 10% Imi 1 Llu 11 4h 29 34% 3?1 the High Point Enterprise f tut in 884 published i very afternoon Aud sunday morning an ecu pm Nof Nini w5pap1, r published i ii Mihm pc Steup m in 210 Church Avenue Point n c 27261 member of int associated pro 55 rates by Mau payable in a i or 6 my 3 to i my daily and s nday 87 x 821 of tto x la x sunday Only 111 to 19 to 84 55 la to by carry wkly in monthly ii x a 842 us May sub Ltd Piton in n c Lubie i to 4 late Tai Tim asset ated press s entitled to these or reproduction of a i total Ness to it rated n a newspaper As we it As Ai a news i tiered As Secor d. Ass matter at the Post om., t High Point my under Ait of Marsh 3 1179 5r. Ond. Ass p stage a a at High pc to n s a arrears dealers and distributor a Independent constr actor and the High Point Enterprise my ii not responsible Tor subscription payment made to them of their representatives of Home delivery rate cont t your peal Carrier i Andor associates National advertising representatives mat he x 9 mat m 111 25 6 Mac y i to 6 mad of homa pc 9013 Veratio 2 11 mar mid to mar Tea i x 9 Mads i i to 36 Maying i a u 8 mid a 02e i 102 my Don p 44 a x my o i 64 to 4 Mead of 97 Melville 68 11 Merck Kim Mem or 7 m d Sui i 32 9 Minim i 45 24 my not i no 7 Mobil 3x7 Moh Asio 90 7 Mons an i to i Monde 2 to 7 to new i 80 9 at i 70 24 7 la i 68 9 to 25 16 17 12 ii 12% v a -5 6 28 33 134 to 24 16 to 17 13 17 Mur i mute Mif i t 8 is 44 5 84 Vuk 1 99 17 ii �6 to 25 14�?T 59 2 79 us 34 55 of 24 x / 348 53 72 15 it tip a 38. 55 10 24. 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Ted a when issued we with warrants a a without Var ranks a dts sex distribution a to or receivership or being reorganized under the bankruptcy a. T. Or securities Usu Ned by such companies by Lynne Olson associated press writer Plains a. A with la Das left before the official Start of his Campaign Jimmy Carter says he a not concerned about his Sharp decline in the polls saying it had been expected and was inconclusive. I be never expected an easy time a Carter told porters thursday commenting on a Gallup poll in which president Ford trailed Carter by Only to Points. Immediately after the democratic convention in july the Gallup poll showed Carter ahead by 33 Points. A a to per cent Lead is still a substantial Lead a Carter added an opinion research corp poll showed Ford trailing by nine Points. As he did thursday the democratic presidential nominee planned to stay at Home today and study the issues and strategy of his Campaign. He also was to meet with Ben Brown his Deputy Campaign manager and a top Carter advocate in the Black Community and other Black leaders to discuss How to attract the Black vote. In an Impromptu press american a Exchange new York i a selected noon National prims for american Stock exc Bange issues sales be f act once 14 age s corp 7 Trof 2 6 Samera .25 7 20e bras Cana i j can a 25o Champ Horn Cono Ilga Quot 6 Cruter 36 14 Dillard St x 6 Dix Ilyn 40e 4 on Lotf 06e 9 Earth res i 7 Ess exch 28 5 Falcons x 6 fed res res r we a Oil 6 Frontier air 6 g aul Yel Loi 22 71 3 1 3-16 p emmy turns northward ids High to last chg to 3 3 i 4 1 % i % Quot i 29 29 29e 21 9 8 a 8h 6 6 by 8 a 13 10 10 104 % 12 4 4 4 i 16 61 a 3a a a 12 to 9 <0 5�?T io1 z 10 10% 15 15 15 % 2 8 8 8 i 4 4 4 57 17 164 16�?Ta u i 6 6 64 a j 21 21 21 a 5 4 i 4�?�/ 4 j 3 14 14 16 % 7 6 a 6% 6 4 3 13-16-1-16 Good eid up 4 4 la 16 11-16 g ban pet 129 3 % 3<?/ a a Hou film 80 17 27 56 55 % 55 1j husky to 5 12 19 4 19 4 i9 a Impila 80 2 45 22 27 % 72h-f �?�4 i Strum sys 165 11 a i 1 % a 7 15 14 <44 14 jams lit 4 i 7 7 7 Kaiser and 26 8 97 15 15 15 8 Mark cup 7 i 1 Ihu a it corp at to a a 8 h Lowthe at 33 5 5 % 58 marshal int 5 2 7 7 % Tami c Ute 211 13 33 3 24 3 it Oderno 12 6 2 7 7 7- % Medfield up 4 3 6 6 6 m i. Sugar i 4 6 10% Ion Ion be 04e to 41 1 i i Proi hg1 9 2 ii ii ii % be Park is 9 30 the 2 % 7 a Nordn oils 17 6 87/ i / i a Ozarka 0/e 8 22 4 4 4 a 4�?�a it Ragan 5e 4 13 to a 7 4 Ralh pack 5 3 3 a 3 est hoi 08 17 25 ii 14 14�?Th rest is Lull a 1 151 7% a Quot a a Ryan 40 13 8 16 6 16f a Sambos 32 9 19 ish ish 15 a Sha of St i 7 i 17 17 17 a syntax 50 17 149 25 24 a 268% it Terrac 60a 5 7 10 to i ohm 1 a in Brard at 73 9 16 9 16 9-16 i 16 us filter 24 i 46 a 4, 9 we stats put 19 a a 94 9 Tylel a 28 i in 6 so 6 Homos inc 16 i 15 / 15�?T% i5h h Fop right by the associated press 1976 new York a Stock Index . Stock a averages new York apr stack f change Index Market Nae Industrial transportation Utility finance noon new York i Ieru 54 15 of 59 89 of 39 46 0 05 37 .18 0 04 57 90 0 31 compiled by the associated press to 15 is 0 ind rails util stocks net change 2 i 3 3 noon f r iday 474 5 185 7 108 0 309 8 pre Day 474 7 186 0 toe j Jio i Ween ago 480 4 188 2 toe 8 313 5 a nth ago 48�?T 3 189 0 107 0 3 a 6 0 year ago 419 j 136 7 9 5 21 6 1976 High 496 9 97 9 110 3 172 9 1976 Loa 424 4 149 3 w 5 27i 5 1975 High 456 0 iss 7 103 7 286 4 1975 Loa 315 9 131 6 14 7 216 8 Bono averages compiled by the associated Prest 70 to to to Iora s and it i fun l cd be change i 4-. I Noc it f i 57 0 a i i 926 of 14 7 pre Day 52 0 la 2 92 5 to 0 8 7 wee ago 52 0 la i 92 a 101 0 Al 9 month ago is i k 91 i Ioc 7 13 4 Yea ago 48 0 75 4 84 0 Ioc 2 73 7 197 High 57 0 la 3 92 6 to j i 4 19/6 Loa 4 4 75 6 86 7 Tao i 76 7 1975 High 49 2 7 9 86 i too 5 76 5 197 Loa 4 i 71 i la 9 la 4 69 4 Dow Jones a averages a pig to 2 Pat Gas 88 a actg i Ai 29 28 Xiv h stocks ii ii i a 30 industrials 962 43 a i 9v i a 26 % 20 transportation 714 6v �?0 04 48 / 4it i a a is u la lift 91 to -0 54 55 55% t 9 65 so Coxs 301 77 a to 09 Bonus 49 a 49 Tajo Bonds 86 4 2 a to 06 2i 21h h to Public utilities 93 77 p0 09 v Ohio industrials 13 i to 03 drought serves As punishment Amin claims Nairobi Kenya a ugandan president Idi Amin says Britain s drought is the a punishment of god a Uganda s official radio monitored Here thursday quoted the ugandan strongman As saying the British Are being punished a because they had killed Many kenyans before Independence and because they had allowed Palestine to be occupied by Israel a High Cost motorists who drive a great Deal today find they Are Apt to run into things yes Pelt tally debt Miami apr Hurricane emmy its l0-mile-an-hour winds and heavy Rains far out in the Atlantic Ocean took another Sharp turn Early today and began moving North forecasters said at 6 a in Edt emmy was entered near latitude 30 5 North and Longitude 53 5 West or about 700 Miles East Southeast of Bermuda. After moving toward the East for two Days. Emmy began moving North today at porn . Forecaster John Hope of the National Hurricane Center said the season s third Hurricane might turn toward the West later today As it slows and possibly strengthens. Meanwhile forecasters were watching a tropical disturbance in the Atlantic about Midway Between Africa and the lesser Antilles. They said that weather system was moving toward the West at 15 m . And might develop into a tropical depression by tonight. Emmy was on a generally Westward track sunday when it became a tropical storm after its winds reached 39 m . But it began veering North brushing past the Leeward islands before moving into open Waters. Emmy began Drifting Soweto quiet after three Days of riots Johannesburg South Africa apr a Stone throwing mob of Blacks con fronted police briefly in Soweto today but the big ghetto South of Johannesburg was reported a a reasonably quiet after three Days of Battles in which at least is Blacks were killed. Police said the mob was quickly dispersed a the War is Over a said a Leader of the Zulu tribesmen who had been on a rampage since tuesday. Chief gats a but Elezi the National Leader of the tribe arrived in Johannesburg apparently to meet with Soweto zulus. He appealed earlier to his people to Calm Down a so we can have a review of what has caused events to come to this sad end a Deputy police commissioner d j Kriel said police gunfire had killed to Blacks in Soweto since the Start of a three Day mass work Boycott last monday. Toward the Northeast Early wednesday and turned More toward the East later in the Day it was upgraded to a Hurricane at noon wednesday when its highest sustained winds exceeded 74 m the first Hurricane of the season Belle swept northward along the East coast Early this month before wading ashore on Long Island. Three deaths and $12 million in insured losses were blamed on the storm the second Hurricane Candice. Never threatened land it died Over cold North Atlantic Waters Early this week conference the Cowboy shirted Carter defended his statement in a Des Moines. Iowa speech that he would end food embargoes a once and for All a although he acknowledged that he later said in an interview he might impose an embargo in time of extreme emergency. Referring to the polls. Carter said a we be always anticipated a very Sharp narrowing of the Lead that i be had. In be not been surprised about it i talked to Pat c a d d Al i Carters pollster last night and he said it was within the realm he expected a Carter attributed Fords surge in the poll to the a Healing of Strong division at the Republican convention and the a general euphoria that always sets into a nation As they observe the conclusion of any harmonious convention it s hard to draw any conclusions from this Gallup poll and the one taken after the democratic convention Carter said in each instance. It s exaggerated the strength of the nominee an increase of several percentage Points in Carter s strength is expected in the next poll aides said Arter was asked about a Des Moines Register interview in which he said that his language on embargoes in his farm speech wednesday was a too Strong in the interview he said lie would abide by the democratic party platform which would allow a farm embargo in Case of extreme Domestic Grain shortages Carter denied that he had been misleading in not qualifying his pledge to refrain from embargoes. Which obviously was what midwestern Farmers angry about Republican administration embargoes wanted to hear a you can t put every possible equivocation and every possible detail in every Carter said a i think my positions Are clearly stated i can t go Back and Analyse every single possibility. In the Case of extreme emergency of course anybody in his right mind would not Rob our own people of toed or create hunger in this country to sell food overseas he said but he added a it would be a catastrophe of an almost unimaginable degree before that would be he said such an embargo would require More than a 60 per cent reduction in total wheat Reserve and production the nominee said that he would not have imposed an embargo in any of the four instances in which presidents Nixon arid Ford imposed embargoes in the last four years including last october embargo on Gram shipments to the soviet i Nion he said he did not consider any of those instances to be an emergence Helms says no Money was received at even washing ton apr sen Jesse Helms r n said thursday night that to his knowledge a no contributions were solicited and none were received at a party held in a congressional building under his sponsorship for a senatorial candidate from Montana. The code forbids the solicitation or receiving of any Money in any building a occupied in the discharge of official duties Quot by any person whose salary is paid from the . Treasury. Helms said the National conservative political action committee had asked him to authorize the sending out of letters with a facsimile of my signature inviting the recipients to a party wednesday at the Capitol Hill club for Stanley c. Burger a subsequent to that without my woman from Page i a when asked about her selection. It was during Sugg s tenure that democrats were oat of the governor s mansion for the first time in modern history so Sugg s Talalus always depended on his own ability to maintain support on the executive committee he incurred the displeasure of sen. Robert Morgan dn.c., during Morgan s 1974 Senate Campaign Morgan was disappointed in the ability of the party Headquarters to help in his Campaign. But Morgan backed Anay from the fight it would have taken to unseat Sugg when the executive committee met in january 1975 instead he issued a derogatory statement about the chairman and offered no resistance to his reelection Sugg then consolidated his position in the party by ceaseless efforts to appease All factions in such tilings As the selection of speaker for party dinners. His efforts paid off earlier this year when he and Morgan vied for the position of chairman of the states delegation to the National convention the Wallace delegates backed Sugg and he handed Morgan a narrow but pm harassing defeat at the pre convention caucus knowledge they changed the letter to read that the location was the Dirksen office building a Helms said in a Telephone interview the Capitol Hill club is a private Republican club on Capitol Hill. The Dirksen office building is a Senate office building Helms said he stopped by the party for about five minutes a no contributions were solicited and none were received a he said however the new York times said that checks were collected at the door by David Pearson who identified himself As representing the a Stan Burger for senator Burger issued a statement in Billings mont., in which he denied taking part in anything illegal dead couple at air base is identified Goldsboro a a Serviceman and his wife found shot to death in their Home at Seymour Johnson air Force Ilase wednesday have been identified As Ronald Dean Conklin 30. And Carolyn Rebecca Conklin 33 the Wayne county medical examiner or. John Drummond ruled murder and suicide a sheriff s department spokesman said there were indications that Conklin shot his wife and then himself with a pistol. Their child was asleep and was not harmed

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