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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 28, 1973
Page
1
New York stocks slipped in active trading as tax loss selling and portfolio adjustments weighed on the market. The noon Dow stood at 846.25, with Big Board decliners leading advancers 742 to 603, while blue chips closed higher on recent gains from midweek sessions and oil news amid cautious optimism on Mideast developments.
American Stock Exchange prices show mixed results with notable variance among industrials and oil related firms. The report notes Canada considering a triple export tax on crude oil by February 1 amid Arab and Venezuelan price hikes while Nixon touts a symbolic, fuel conserving trip on a commercial flight.
Nearly 1 million Britons are forecast unemployed as energy shortages ripple through the economy. The Department of Employment reports 400,000 layoffs in England and Wales, with British Steel Corp warning it may suspend about 100,000 workers at year start. Unemployment stood at 490,000, and analysts fear up to 10 million if crises persist. Leaders of 18,000 electrical engineers weigh a pay offer amid ongoing power cuts. The energy squeeze stems from coal miners and railway workers demanding higher pay, complicating coal supply and electricity generation. The government imposes a 24 day winter work week and a three day work week starting January 1.
In Brevard County Florida police investigating four female deaths found since Thanksgiving, with an eight mile long orange grove strip suspected of links. Infrared surveys by Air Force and NASA teams to locate additional burials as authorities list victims Paula Hamrick Nancy Gerry Carolyn Bennett and others, with two last seen hitchhiking and all victims reportedly stripped and shot at close range.
Howard Las Vegas urged arraignment of the defendants in two weeks in Las Vegas. The indictment lists Robert Maheu and Chester Davis among seven counts with Hughes Summa Corp ties, plus David B. Charnay and James H. Nall in various counts. Unindicted conspirators include Hank Greenspun and George Crockett. Spokesmen deny Hughes seeks to dodge prosecution as legal moves start.
The Washington Post reports that President Nixon and aides chose to withhold summaries and tapes to avoid suggesting public belief of involvement in the Watergate cover up. Buzhardt denies supplying material to Wilson, while Haldeman and Ehrlichman gain easy file access. Officials expect White Papers disclosures after Congress adjourns. The Post notes aides now question Nixon’s noninvolvement.
Sen John Tunney and estranged wife Mieke obtain a dissolution of marriage in Riverside California. Terms of settlement not disclosed. Mrs Tunney, 35, filed for divorce in May 1972 after 14 years of marriage. The couple have three children Edward 12 Mark 9 and Arianne 6.
Indiana Supreme Court permanently blocked a Fort Wayne circuit court from forcing release of a 1940s Allen County birth record that allegedly named Sen. George McGovern as the father. The case, tied to the Fort Wayne Story during Watergate hearings, involved a tampered public record with the father's name eradicated.
Acting chancellor Dr W Hugh McEntry was hospitalized at Presbyterian after suffering a heart attack. The event prompted university officials to announce his condition as stable while outlining continued campus operations.
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