02 Dec 1977
Page 1
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 02, 1977
Page
1
In New York, a cautious trading session saw the Dow Jones average slip 2.77 to 622.94 at noon after a larger decline over the prior four sessions. Despite the Dow drop, the day’s overall NYSE activity favored gainers by 65 to 0, with the American Stock Exchange index rising 0.20 to 124.31.
The High Point Enterprise, an independent National news paper, established 1834, lists subscription rates for daily and Sunday delivery by mail and carrier. It notes AP rights, second class postage, and contact details for subscribers and local carriers London Associates as national advertising representatives.
New York markets show mixed trading at noon with the Dow Jones Industrial Average down slightly while transportation and finance sectors showed modest activity. Investors watched industrial and utility shares as overall sentiment remained cautious amid ongoing market tensions.
In a morning session an exhaustive report by Col. Muammar Khadafy and PLO chief Yasir Arafat warned of dangerous consequences of Sadat’s peace push to Jerusalem. Palestinian sources say a proposed Egypt boycott would signal Arab anger at Sadat’s planned Cairo summit with Israel and the U.S. and U.N. this month. Khadafy urged other Arab states to cut diplomatic ties with Egypt.
A Richard Nixon letter written six years earlier sold for 6250 at a Waldorf-Astoria auction. Charles Hamilton Galleries said it set a living-person record, with Nixon writing to Brig. Gen. Thomas A. Aldrich and his wife on December 14, 1971. Mary Benjamin bought it for her Hunter autograph firm. The previous living-person record was 3000 for Jacqueline Kennedy in 1967.
Searchers combed North Georgia Tennessee and North Carolina mountains for a light Cessna 172 missing on a Florida to Detroit flight with one adult and three children aboard. The plane had been in Blairsville since Sunday and crossed into Banks County heading north.
RALEIGH AP Two state agencies side with Carolina Power and Light Co in contesting an EPA order to install cooling towers at Brunswick nuclear plant CP&L projects 600 million cost or 2.76 dollars per customer monthly for 25 years EPA had approved 42.3 million system and says cooling water harms environment EPA regional director John White ordered the change due to alleged fish larvae deaths where Cape Fear River water enters the system.
Artist Nicole Simbari presents Le Circus, a circus themed painting series in New York. The opening features a dancer interacting with a boa constrictor while Simbari appears in the background, Thursday.
Washington AP reports House and Senate negotiators revising earlier benefits for the working elderly the blind and parents of college students to curb payroll tax increases. President Carter urged restraint noting potential 1983 costs up to 10 billion while the conferees seek a compromise on limits and widows benefits amid ongoing talks to keep the retirement system solvent.
President Smale says policy must rest on government led by leaders. Congressional sources confirm major American suppliers sold Ugandan systems and aircraft, including Harris Corp 8.9 million satellite system, Page Airways 6 million L-100 cargo plane, and Amin's Grumman Gulfstream II bought in 1973 for about 6 million with ongoing parts service.
After the Court of Appeals refused to stay the executions of Burrows and Tacklyn, about 500 black youths rioted in Hamilton, burning stores and facilities while police and Bermuda Regiment troops kept main districts calm. Dozens were arrested as the Labor Party organized protests.
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