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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 05, 1973
Page
1
The Dow Jones average fell 6.48 to 795.73 at noon as investors faced energy shortages and higher interest rates. Declines outweighed advances 917 to 329 on the NYSE. Monte Gordon of Dreyfus Corp warned the market will drift lower until the economy shows relief from dislocation fears.
Corinne Will looks at stock exchange data with napn prices and statewide pricing in a High Point Enterprise listing. The notice includes subscription rates, tax details, and AP ownership statements. Local distribution and advertising notes follow with carrier and representative info.
Unofficial Salms figures outline dividend rules including annual combursements based on last quarterly or semiannual declaration. Footnotes identify special or extra payments, stock dividends, liquidating dividends, and various payment timing indicators. Terms cover ex-dividend notes, rights, warrants, and tax or bankruptcy caveats for foreign issues.
Fire of undetermined origin leveled two buildings of Whitlock Furniture Inc outside the city, causing about 150000 dollars in damage including 50000 dollars in Christmas merchandise. Firemen and six units fought the blaze from about 1 a.m. to after 7 a.m. Smoke and water damage were extensive in the newer section.
Washington AP reports wheat farmers received a $475.7 million subsidy windfall last summer after the Agriculture Department underestimated bread grain price increases. The 1970 farm law allowed preliminary payments, based on July to December price forecasts, which proved far too low as prices rose from $2.49 to $3.99 per bushel. No further payments will be made for 1973.
The article recounts Ferguson seeking a life term or transfer to a Mount Pleasant mental health institute to avoid reoffending. He laments freedom as a haunting concept, saying his home is inside and he fears returning to crime if released. He notes a 1965 robbery for $10 and predicts he would be back in prison within a year if denied help. A separate note mentions sea gulls saving Utah crops in 1848 and a monument to the bird.
Chicago 7 defense lawyer William M. Kunstler says he will spend much time fighting disbarment after being convicted of contempt along with Dellinger Hoffmann Rubin for actions during the 1968 Democratic National Convention riot. Hayden Davis Weinglass were acquitted. sentencing set for Thursday with possible 177 days in prison.
The secretary testified she pressed the wrong button on the recorder while listening to the June 20 presidential conversation tape. Sirica and Rhyne discussed a news report claiming the judge was unhappy with Miss Woods and might recall her to the stand. Simea, from the bench, denied that claim.
Drivers claiming leadership of the action blocked lanes on the Indiana Toll Road near South Bend and on Ohio interstates. They protested 55 mile per hour speed limits and fuel hikes, while authorities moved to clear routes and assess broader impact. The walkout drew turnout from Ohio and New Jersey corridors, with talks planned with Gov. Gilligan and staff.
Virginia's Prince William County board bars county vehicles from speeds over 50 mph to save gasoline. Police in hot pursuit are not exempt, leaving officers pursued by motorists as drivers routinely exceed limits. Supervisor Charles Colgan noted officers are passed by speeders repeatedly while abiding at 50. An attempted policy fix stalled amid debate over hot pursuit definitions.
Washington AP reports the House postmaster warned all congressmen and staff not to open thick letters or book packages that may conceal letter bombs. Postmaster Robert V. Rota urged immediate contact with his office if such items are encountered as USPS disclosed possible mailings to government offices and major U S oil firms from Canada, though none have been found.
Nixon's lawyers reported net worth figures tied to a Coopers & Lybrand audit, showing 1969 and 1970s values that diverge from earlier statements. The cash flow says $432,874 in banks and certificates, with most wealth in California and Florida real estate, including a $250,000 CD linked to friend Bebe Rebozo.
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