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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 14, 1973
Page
1
New York stocks drifted lower as energy crisis fears weighed on sentiment. The noon Dow Jones average fell 0.38 to 800.05 as blue chips slide, while the NYSE market-value index and the broad market also declined amid a cautious mood.
The High Point Enterprise announces subscription rates for daily and Sunday issues, Sunday only, and carrier delivery options. Published in High Point North Carolina it is an independent AP member, with mail and sales tax notes and national advertising representation details.
New York AP noon stock index update shows mixed activity on the exchange with declines in transportation and miscellaneous sectors. Industrial and finance indices edge lower while overall market momentum remains tentative as traders react to late morning data.
Unofficial sales figures and table results are explained with footnotes a to th detailing dividend types such as regular, extra, liquidating, stock, and ex-dividend statuses. The notes define terms like annual rate, declared or paid in prior twelve months, and special issues.
Nixon shows a four point rise in approval in a Gallup poll taken November 30 to December 3 after national appearances. Overall 31 percent approve, 59 percent disapprove, 10 percent no opinion. regional gains noted, especially in the South with a 7 point rise.
Isolated violence persisted as independent drivers restrain activity in a two day protest against high fuel costs and reduced speed limits. The DOT reported lighter truck traffic in five states and no major firm shutdowns while deliveries faltered at Midwest livestock markets and Purity Supreme stores in New England.
truckers angry over high fuel costs and low speed limits jam two truck stops south of the Virginia line near Roanoke Rapids North Carolina nearly 200 at Three Scales and about 50 at Lakewood blocking driveways indies say livelihoods at stake and plan to stay until results are achieved with some company rigs mixed in and drivers citing a month of profit losses of about 1000.
In Yuma Arizona the FBI arrested Ro ger Dean Young 24 of Lincolnton NC hours after daybreak along First Avenue and 23rd Street. He and Dennis A Ganne 19 of Geneva IL are charged with abducting and murdering Laura Bell Queen Blackburn 39 near Lincolnton NC. Ganne was detained on a routine traffic stop. A 16 year old girl linked to Young was last seen in Montana.
The energy crunch drives mass layoffs in airlines and automakers with 3,760 airline cuts at Eastern and broader industry job losses ahead. Ford, GM, and Chrysler trim thousands while Bureau of Labor Statistics notes November unemployment at 4.3 million and projections beyond 5 million in early 1974. Government and private sectors feel the ripple as fuel constraints bite deeply.
Senate approves an $3.98 billion below budget defense bill by 89 to 2, with Mansfield and Hatfield the dissenters. The measure dips 2.1 billion from last year and cites inflation, military pay, weapon costs, and energy as eroding the hoped peace dividend. It restores two scrapped systems and funds antiballistic missile site defense for Minuteman missiles and the Navy Sanguine subma rine communication system.
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