Stock Market Puts Back Gains But Stays Positive
New York stocks eased from morning highs yet remained higher at midday. The Dow Jones industrial average rose 7.82 to 796.13, while the NYSE index advanced 0.22 to 49.27 and the AMEX market value index gained 0.38 to 89.1 amid active trading and mixed quotes. Analysts note the recent six week decline spurred some buying though caution remains.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
American Stock Exchange
Robert Stovall
Reynolds
New York Exchange Prices Update
The New York Stock Exchange reports early price data showing notable activity. Traders monitor shifts in key indices and listed securities amid market fluctuations and evolving trading patterns.
High Point Enterprise Rates and Address Listing
The High Point Enterprise established 1884 lists subscription rates for mail and Sunday editions, with delivery and tax details. It notes AP affiliation, postal classifications, and carriage terms, including subscription payment caveats and advertising representations.
MENTIONED IN THIS ARTICLE
High Point Enterprise
High Point Enterprise, Inc
Church Avenue
High Point
N.C
Associated Press
Griffith Company
National Advertising Representatives
Avon stock index report for New York trading session
An AP market brief notes Avon New York equities amid a mixed session. Transportation and finance shares show modest activity with minor price movements as investors weigh current conditions.
MENTIONED IN THIS ARTICLE
New York
Avon
Egyptian Israeli Jets In Fight Over Suez Canal
Air clashes over the Suez Canal left both sides claiming a downed plane as Egyptian fighters said one Israeli jet fell near Ein Sukhna and Israel countered with a downed MIG21. The episode coincided with talks on troop withdrawal and Kissinger diplomacy as Meir faced internal party support for wartime setbacks.
MENTIONED IN THIS ARTICLE
Associated Press
Suez Canal
Cairo
Ein Sukhna
Suez
Defense
Moshe Dayan
Washington
Henry A. Kissinger
Egypt
Kissinger
Tel Aviv
Kilometer 101
Suez-Cairo
Dayan
United States
Soviet Union
Israel
Geneva
U.N
Ismail Fahmy
U.S
Hermann Eilts
Vladimir Vinogradov
Over-The-Counter Bid Asked Quotations
Quotations from the NASD reflect inter-dealer prices around 11 a.m. Inter-dealer markets fluctuate during the day and do not include retail markups or commissions. The High Point office of E. I. Hutton & Co. provides these quotations.
MENTIONED IN THIS ARTICLE
High Point
E. I. Hutton & da Ina
Fears Of Investors Keep Stock Market Plunging
New York AP reports fears of a major recession sparked by the energy crisis drive a sharp Dow Jones drop to 788.31, its lowest since November 1976. Analysts note a 198.75 point, 20 percent fall since Oct. 29 with a $145 billion paper loss, while energy worries and political tensions add to market uncertainty. General Motors slid to 45.00, and the wider NYSE index fell to 49.05, a three-year low since 1970.
MENTIONED IN THIS ARTICLE
Texasgil
Ava
Transam
Macy
VAL Inc
Tava
Va MeadCy
Denny S
Ussteel
Aia
Peppi
Wat Mobile
ASM
UnivOil
Idta
Upjohn
Bala
Bate Dresser
Monsanto
Dught
MorNor
EastAir
MiStTel
Wachova
Echlia
Nabisco
WestgEl
Weyerh
Evans
Exxonazie
FaiCam
Whittaker
Va Admiral
Winhebaga
Joe Loe
Associated Press
Aliglud
Asv Sa
Norlan
New York
AmCan
Gannett
GenDynam
Genel
AmStand
PanaAmAir
Ye BarnesEng
GenTirel
Wat Genesc
Alge GaPac
Yi Buttes Goi
AmpexCorp
Wao
PepsiCol
Java
Rinerama
Goodyrtri
PhilaEl
AshdOil
Grantwise
Grraapac
Ava— ‘Fe Pri Pet Ldo
Aurichh
aRlola
Alva GtwaFinag
Dillards
AtlasCorp
al GreaGiant
Polaraid
Bynalecin
Ae Patas Aveo Corp
Greyholl
Avnetine
Bausch
Va Frontier Air
Halburt
Beckmn
Ye Pullman Sa
BeechAirc
Tad Th
Ty Mieke
Tom
QuakSio
Harmi G
Bendix
Hercules
Ranco
Instromsys
Moffelein
InDiv al
Boeing
MousFin
Rdg Bale
Bat Jetronkind
Kin ArkCrp
BucyEr
Mack Va
Ridderp
LaMaur
Lee Entr
Rockwil
Aden NewparkRs I
T&t
Aol Sa
SonyCp
Fa Stathamins
Clarke
Kayser
CocaCol Loo
SouthCol
Colg Pals
Ibe le Kellogg
Kennecott
Kimbc
Sperry R
Valspar
Kresges
Viewlex
Vlncorp
LearSiep
WestalsPil
Stohoh
Dow
New York Stock Exchange
Drexel, Burnham & Co
Wade
General Motors
Ford's nomination cleared for House vote amid mixed opposition
Ford told reporters he is torn between leaving familiar friends and institutions and facing a new challenge. Critics argue impeachment outcomes cloud Nixon and taint the appointment, while many House members praise Ford's nine years as minority leader and push for confirmation, citing his conscientious and honest record.
MENTIONED IN THIS ARTICLE
Ford
Nixon
Congress
Robert W. Kastenmeier
D-Wise
Republic
Kastenmeier
Jerome R. Waldie
Dcalif
Waldie
House Judiciary Committee
House
Ray J. Madden
D-Ind
Truckers Blockade Spreads Across Pennsylvania and Ohio
In Pennsylvania a spokesman said 1,400 rigs halted at Lamar waiting to learn how a truckers' rep fared in Washington with 10 demands. About 200 trucks blocked I-75 and I-280 near Toledo. Troops were seen on U S 20 and U S 250 with uncertain status later. Drivers claim fuel price hikes and lower speeds raise costs, though some said their protest succeeded.
MENTIONED IN THIS ARTICLE
Pennsylvania
Lamar
Washington
Gil Dollar
Dallas
Tex
Toledo
U.S. 20
U.S. 250
Haig testifies in Watergate hearings amid tape gap questions
Haig answers questions on the 18 minute gap and possible tape handling. He notes White House staff prepared an index of subpoenaed material while denying awareness of instructions to inform the court immediately. Logs show Woods transcribed tapes at Camp David and later met with the President.
MENTIONED IN THIS ARTICLE
Haig
White House
Camp David
Miss Woods
Special Prosecutor's Office
U.S
John J. Sirica
Nixon
Sirica
John C. Stennis
D-Miss
Senate
Watergate Committee
Archibald Cox
Watergate
Ben-Veniste
Sitka
Rose Mary Woods
Wachovia Amends Application For American Credit Deal
Wachovia Corp. of Winston Salem filed an amendment with the Federal Reserve to retain American Credit Corp. of Charlotte. If approved and merged assets yield earnings, the nine month 1973 impact from the amendment would be about 1.2 million in net income for American Credit and about 5 percent of Wachovia’s consolidated earnings, excluding replacement-asset gains. The change aims to speed benefits from Wachovia’s 1970 merger with American Credit.
MENTIONED IN THIS ARTICLE
Winston - Salem, N.C
Wachovia Corp
Winston- Salem
Federal Reserve Board
American Credit Corp
Charlotte
Wachovia
American
U.S. District Court
Justice Department
High School Motorcyclist Killed in Bus Collision
A Garringer High School student was killed when his motorcycle collided with a Charlotte school bus near the school. Police said the motorcycle skidded into the bus and undercarriage, dragging the rider about 20 feet before being thrown free. None of the bus passengers were injured. the student died at the hospital.
North Carolina Rationing Rules Focus On Essentials
The utilities commission rescinded April 1971 priorities and set a high priority for essentials such as residences hospitals nursing homes and food processing. If alternate fuels exist, customers must use them during extreme cold. North Carolina gas companies buy all gas from Transco which warned of winter output reductions. Commissioner Hugh Wells dissented, urging higher priority for food processors.
MENTIONED IN THIS ARTICLE
North Carolina
Transcontinental Gas Pipe Line Corp
Transco
Utilities
Hugh Wells
Commission
Also Mentioned on This Page
Stock Market Report
ACI
Dow-Jones
Stock Index
A.P. Stock
Associated Prass
s.Ve Tete Mats
Jordan
Central Committee
Labor Party
Golda Meir
Wease
ASK Amer. Furn
Anheuser-Busch
Atlantic Pepsie
Bassett Furn
Bluefield Supply
Cameron Fin Corp
Chatham Mig
Coca Cola Bil, Con
Daniel Intl. Com
Diamondhead Corp
Henredon
Hickory Furn
J. B. Ivey
TY Lane 1B
V2 Life of Carolina
Ncnb Corp
N.C. Natural Gas
Nwestern Inv. Com
Hy Phillips Foscue
la Piedmont Avia
Publ
Rex Plaxtics
Royal Scots
Inns
West Knitting
Ralph Acampora
Harris, Upham & Co
Ford’s
Terry Mahoney
Erie
U.S. Transportation Department
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