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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 15, 1976
Page
2
The Dow dipped 1.74 to 978.89 as trading remained heavy after an early gain. NYSE advances led declines about 7 to 5 with 12.88 million shares changing hands as investors awaited oil talks and possible federal stimulus.
Quotation array from Associated Press showing bid and ask figures for multiple securities as of roughly 3 p.m. Geily. listing numerous company names including Rex Plastics Salem Carpet, Triangle Erick, Universe Foods, and Jostens among others with varied price percentages and volume figures.
Market report notes varied performance across sectors with slight gains for public utilities and industrials while overall averages show a muted advance. Investors monitor economic data and corporate results as trading winds shift.
A dense AP compiled list shows stock and bond averages with daily noon and Thursday figures. It includes numerous company names such as RCA, Ralston, Safeway, Shell, Sony, Textron, Time Inc, United brands, Uniroyal, Westinghouse, Xerox, and Zenith, along with prices and percent changes.
A garbled AP wire exhibits scattered figures for American exchange prices. The legible elements reference various companies and percentages, but overall content is fragmented and difficult to interpret for meaningful standings or outcomes.
In Raleigh, Tenney Deane of the North Carolina Utilities Commission warns the Supreme Court decision could allow third party eavesdropping on business telephones in North Carolina. He says firms may buy or lease equipment for service observing without state notice, shifting regulation to federal oversight.
A dense wall of stock tickers shows last, high, low and change figures for many NYSE issues. The blurred OCR captures names like Air Prod, Amex, Alcan, Arch Oen, AmMotors and others with varied price markings and percentages, reflecting a snapshot of market activity.
The High Point Enterprise lists subscription options by mail and carrier with daily and Sunday rates. It notes carriers and agents act as independent contractors and the paper does not accept responsibility for advance payments to representatives.
President elect Carter said the United States might increase nuclear weapons investment if Soviet negotiations on strategic arms limitations fail to yield progress. He did not set a progress benchmark or deadline. Brown’s defense secretary prospects were uncertain amid reports of opposition from Jackson and Stennis. Carter indicated he has not decided on missile or bomber reductions or eliminations and faced choices on the B1 bomber and MX missile programs amid ongoing SALT talks.
Iraq says the Syrian secret service planted a bomb that exploded in Baghdad airport customs causing multiple deaths and injuries. The Iraqi statement names three dead including a Saudi and two Iraqis with many wounded, some severely, and claims the blast targeted an Iran Air liner via Damascus.
Britain faces deeper austerity as Chancellor Denis Healey prepares a second 1.6 billion dollar cut and higher sales taxes to secure a 3.9 billion IMF loan. The plan includes selling BP stock to raise 800 million while welfare housing health and transport programs face cuts. Unemployment nears 1.2 million as inflation stays high and the pound weakens.
The Bendix Corp executive and former U.S. trade negotiator under Presidents Kennedy and Johnson is profiled as a business leader with a focus on railroads. He argues railroads must gain efficiency to compete with trucks and barges and avoided discussing many policy issues with reporters. He disagrees with the air bag mandate stance but gave no pledge to overturn it, citing further testing.
President elect Carter announced Cyrus Vance will be secretary of state and Atlanta banker Thomas Lance will lead the Office of Management and Budget. He said he plans an early economic program to create jobs and likely reduce taxes with job-creating initiatives and tax breaks. Vance and Kissinger are pressuring OPEC to resist steep oil price increases at this week's Middle East talks. Carter avoided answering about raises for top federal employees, noting the issue lies with President Ford.
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