Stock Market Drops Amid Recession and Gold Sale Plans
New York trading opened with a sharp market slide as recession fears and a coal strike clouded sentiment. The noon Dow fell 9.62 to 593.40, with losers outnumbering gainers 9 to 2 as higher short term rates undercut the market’s recent upturn. Central Soya led volume on the Big Board while gold issues slumped after Treasury Secretary Simon announced plans to sell two million ounces of gold on January 6, just after private American gold ownership becomes legal.
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New York
New York Stock Exchange
Central
Soya
American Stock Exchange
Golc
Treasury
William BE. Simon
ASA, Ltd
Dome Mines
Campbell Red Lake
Homestake Mining
Big Board
Pacific Coast Properties
Amex
Ford urges budget cuts and arms accord impact issues
President Ford calls Congress to trim the FY 1975 budget by 4.6 billion while preserving 2.6 billion for public service jobs to offset unemployment as inflation looms. He warns of higher military costs next year to counter inflation, but argues the new arms agreement will yield long term savings, noting no ceiling on MIRVs or throwweight may raise costs if the U S matches Soviet gains.
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Ford
Congress
Ball Park
United States
Soviet Union
High Point Enterprise rates and publication details
The High Point Enterprise offers annual and short term subscriptions with prices for mail and Sunday editions. The notice lists delivery by carriers, sales tax, and advertising representation details, noting contractors are independent and not responsible for advance payments.
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National Advertising Representatives
Written questions proposed to Nixon in Watergate trial
US District Judge John J. Sirica proposed that Nixon answer written questions instead of testifying in the Watergate cover-up trial. Prosecution expressed reservations, while Haldeman testified about orders from Nixon barring disclosure to the grand jury. Defendants include Mitchell Ehrlichman and Parinson in conspiracy charges.
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Washington
John J. Sirica
Richard M. Nixon
Sirica
Nixon
California
Charles A. Hutnagal
James F. Neal
H. R. Haldeman
Haldeman
Watergate Grand Jury
White House
Richard Ben- Veniste
John N. Mitchell
John D Ehrlichman
Robert C. Marcian
Kenneth W. Parkinson
Circus Train Fire Fatal To Four
A Ringling Brothers Circus train sleeping car fire near Kingstree South Carolina killed four people. A woman jumped from the flaming car and died. A second body was found in the car, and two others were missing and feared dead as the train halted 15 miles south at Lane. Authorities provided few additional details.
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Kingstree
APJ
Ringling Brothers Circus
Williamsburg County
Dean W Dean III seeks sentence cut in Watergate case
John W Dean III requests federal court reduce his obstruction of justice sentence from four years to one or release him immediately. Attorney Charles Shaffer notes 16 months of cooperation with Watergate probes and cites a letter from Samuel Dash supporting a sentence reduction in the interests of justice. Dean has been imprisoned since September 3 after pleading guilty to obstruction of justice a year earlier.
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Washington
John W. Dean III
Charles Shaffer
Dean
Samuel Cash
Senate Watergate Committee
Crash Victim's Death Ironic
Ann E. Knowles of Charlotte a 19 year old sophomore at St Mary College Maryland died in the Trans World Airlines 727 crash on a Virginia mountain peak near Upperville She had celebrated Thanksgiving and was en route back to college Her parents Richard A Knowles moved to Charlotte from Rocky River Ohio Two other victims included Sara Franks Proctor wife of Roy Proctor arts editor of the Richmond News Leader and mother of two who was returning home from Newark Ohio after Thanksgiving
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Charlotte
N.C
Ann E. Knowles
St. Mary College
Maryland
Trans World Airlines
Virginia
Upperville
Hirs
Richard A. Knowles
Ohio
Rocky River
Sara Franks Proctor
Chapel Hill
Roy Proctor
Richmond, Va
Vets Bill Vote On Veto Stated In House Today
Washington AP The House plans to vote on overriding President Ford's veto of a veterans school benefits bill. It would raise monthly stipends to 366 dollars with wife and child, extend undergraduate benefits to 48 months, and create a 600 dollar annual loan fund. Senate action would follow if the House acts. Ford argued the measure is inflationary and extends subsidies too far, while supporters say veterans face financial pressure needing longer schooling. House Republicans, led by John Rhodes, are split but expect to back the White House on most issues, with veterans benefits unlikely to pass.
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Washington
House
Ford
Senate
Congress
John J. Rhodes
Arizona
John G. Tower
R-Tex
Howard H. Baker Jr
R-Tenn
Rhodes
House Republicans
White House
Kay Kyser Enters Service Of Christian Science Church
Kay Kyser the former bandleader known as the Old Professor has quietly joined the Christian Science Church in Boston. At 68 he serves as manager of the film and broadcasting department, maintaining a low profile in a move after more than two decades away from entertainment. Tom Waldman assists as producer director and Diablo audio visual work is presented at churches and annual meetings. Kyser’s career featured hits like Ferryboat Serenade Slow Boat to China Who Wouldnt Love You and Thinkin’ of You.
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Boston
Kay Kyser
S. ‘Kollege
Christian Science Church
Rocky Mount
N.C
Kyser
Entertainment
Mike Douglas
TV Star
Tom Waldman
Waldman
Ford Motor Co
China
Pioneer 11 heads for Saturn after Jupiter flyby
Pioneer 11 sustained two minor micrometeorite hits though scientists expected five and warned more could have damaged instruments. Wolfe noted Jupiter’s magnetic field was twice Earth’s. The craft escaped Jupiter’s radiation belt, used Jupiter’s gravity as a slingshot toward Saturn, 3 billion miles from Earth, 100 million miles above Earth’s orbital plane, aiming to rendezvous in September 1979 and reveal Saturn’s mysteries.
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Wolfe
Jupiter
Earth
Saturn
Mills under fire over ties to burlesque performer
Rep Mills faced renewed criticism from Republican Judy Petty after returning from Boston where he appeared with Annabel Battistella known as The Tidal Basin Bombshell. Petty denounced Mills for his friendship with the stripper amid prior Washington incident and Hollywood pursuits.
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Albert
Mills
Arkansas Democrat
Ways and Means Committee
Capitol Hill
Tidal Basin
Judy Petty
Little Rock
Ark
Boston
Miss Foxe
Annabel Battistella
Per
Petty
Washington
Mustache Controversy Spurs North Carolina Policy Review
RALEIGH AP Charles H Johnson a highway patrolman suspended for refusing to shave a mustache has prompted a review of the patrols clean shaven rule Johnson was to meet state officials in Raleigh at 4 p m with Transportation Secretary Troy Doby and Col E W Jones but could not be located Doby said the policy would be reconsidered after a meeting with a delegation led by Reverend Leon White and Golden Frinks The seven year veteran Winston Salem the states first black patrolman faced possible dismissal for the mustache Johnsons case sparked charges the policy may be racist and a white patrolman was suspended for a mustache last year a hear ing was requested but the officer resigned a softening of positions may be needed for reinstatement and it would take about 60 days to review the policy
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Charles H. Johnson
Doby
Leon White
North Carolina
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Southern Christian Leadership Conference
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Johnson
White
Transportation Department
L.S. Meigs
Salisbury
Meigs
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