End of Year Stock Slide Buoys Oil Fear Concerns
New York markets fell on yearend tax loss selling and oil shortage jitters. Dow Jones dropped to 840.64 at noon, with the NYSE composite down 0.43 and the American market index off 0.46. Monte Gordon of Dreyfus cited tax selling and portfolio shifts amid oil embargo worries and recession fears for 1974.
MENTIONED IN THIS ARTICLE
NEW York
Dow Jones
New York Stock Exchange
American Stock Exchange
Monte Gordon
Dreyfus Corp
High Point Enterprise Historic Publisher Info and Rates
The High Point Enterprise established 1884, published in High Point North Carolina. Subscription rates listed for daily and Sunday, weekly, and monthly plans with 4 percent NC sales tax and notes on Associated Press content and delivery policies.
MENTIONED IN THIS ARTICLE
High Point Enterprise
High Point Enterprise, Inc
Church Avenue
High Point
Associated Press
Cartier Whig
AP News
Pew
High Paint
H.C. Onder
N.C
High Paint Enterprise, Inc
Ward-Griffith Company
National Advertising Representatives
Heavy Snowstorm Heads East
A major winter storm blanketed a broad area from Kansas to Pennsylvania with heavy snow and blizzard conditions. Snow depths ranged from 11 inches in Russell Kansas to nine inches in Indiana and Ohio, while Indiana roads froze and highways stalled. Avalanche and tornado activity injured several and prompted widespread travel advisories and cold warnings from Oklahoma to New Mexico.
MENTIONED IN THIS ARTICLE
Associated Press
Kansas
Pennsylvania
Russell
Kan
Columbia
Springfield
Til
Indianapolis
Evansville
Ind
Cincinnati
Ohio
Indiana
Indiana 67
Spencer
Indiana 37
Indiana 46
Bloomington
Oklahoma
Atlantic Coast
Colorado
Missouri
New Mexico
Texas
Alta
Utah
Alta Lodge
Alabama
Georgia
Sand Hill
Texas Panhandle
Pacific Northwest
Weekend Fires Claim Three Lives in North Carolina
Three people died in weekend fires across North Carolina. Cathy Diane Falls, 31, perished in a Lattimore mobile home fire near Shelby, with the body found near a bedroom door. Charles Eugene Monroe, 43, of Shelby, died in a mobile home blaze likely caused by a cigarette. Walter F. Ridenhour, from Linville and Greensboro, died in a Boone area house fire. his wife and child were found safe later, no cause released.
MENTIONED IN THIS ARTICLE
Associated Press
North Carolina
Cathy Diane Falls
Lattimore
Shelby
Charles Eugene Monroe
Rt. 6
M. D. Walker
Walter F. Ridenhour
Linville
Greensboro
Boone
Watauga County
Ridenhour
Christmas Tree Hatches Mantis Nest in West Virginia
In Charleston, West Virginia a real Christmas tree hatched about 1,000 praying mantises after being discarded. Mrs. Snodgrass sought people who collect mantises as the home swarmed with the insects by Saturday, while she planned to switch back to an artificial tree next year due to a sinus infection and the infestation.
MENTIONED IN THIS ARTICLE
Charleston
W.va
Bobby
Snodgrass
Bragg Soldier Dies In Wreck Near Manchester
Andrew W. Felix 20 of Ft. Bragg NC died when his car struck a bridge abutment in Coffee County Tennessee on Saturday. The Tennessee Highway Patrol reported the fatal crash.
MENTIONED IN THIS ARTICLE
Manchester, Tenn
Tennessee Highway Patrol
Andrew W. Felix
Ft. Bragg
N.C
Coffee County
Gasoline Shortages Hit Nation As New Year Approaches
Across the country motorists faced skimpy gasoline supplies with near shutdowns expected on New Year’s Day. New York City precincts cut radio patrols by up to 80 percent while pumps ran dry. other states reported major closures and long lines as stations awaited deliveries and some shifted to precautionary conservation measures.
MENTIONED IN THIS ARTICLE
Associated Press
New York City
New Jersey
State Gasoline Retailers Association
The
Automobile Club of
New York
Westchester
Nassau Counties
Wisconsin Retail Gasoline Dealers Association
Wisconsin
Flood Insurance Expansion Bill Signed Into Law
President Nixon signed the Flood Disaster Protection Act expanding federally subsidized flood insurance. The act raises coverage limits by at least 100 percent for homeowners and business owners in flood prone communities joining the program, with rates about 25 cents per $100 of coverage for homes up to 35 000 and up to 200 000 for small businesses. Also signed six bills authorizing sale of about 90 million dollars in federally stockpiled metals to offset budget spending.
MENTIONED IN THIS ARTICLE
San Clemente
Calif
Nixon
Nixon's Brother Paid by Presidential Library Foundation
A tax exempt foundation tied to President Nixon paid Edward Nixon $1,500 a month for 14 months beginning December 1970. The Los Angeles Times reported the payments and roles, noting he advised on site selection for a proposed presidential library. The foundation's 1972 expenses and other consultants' fees were also disclosed.
MENTIONED IN THIS ARTICLE
Los Angeles
Nixon
Edward Nixon
Los Angeles Times
Richard Nixon Foundation
Registry of Charitable Trusts
State Department of Justice
the Times
Leonard K. Firestone
Free Gas Comes High In Chicago
In Chicago a station advertised free gas but an IRS agent paid 10.50 for a rabbit s foot a blank will form and a five free gallons coupon. The IRS labeled it price gouging and won a federal restraining order to close the Action Shell Station until owners show financial records for inspection.
MENTIONED IN THIS ARTICLE
Chicago
IRS
Action Shell
Internal Revenue Service
George Levin
IRS Stabilization Division
Justice Department
Philadelphia
Atomic Energy Commission
Dixy Lee Ray
Arizona
Oregon
Energy Users Council
Price hikes and gasoline shortages fuel weekend unrest
Demand for gasoline caused stations to close early as prices rose and shortages spread. Officials pursued price gouging, with incidents from Chicago and Philadelphia showing overcharging and government action. Experts warned January or February would be rough unless driving declined, while energy policy groups formed to press for action.
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Stock Market Report
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Addisso
Aireo
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Billcoa
Ambat
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Armcol
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Asdorg
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AvcoCorp
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Balge
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Borden
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Wilghro
Dow-Jones
Industriats Saebees
A.P. Stock
Associated
Pras
Bragg
Wreck
Automobile Club of Michigan
Virginia
Foundation
Orange County
Firestone
H.R. Haldeman
White House
John D. Ehrlichman
Robert Finch
Herbert W. Kalmbach
John N. Mitchell
Patricia Reilly Hitt
Department of Health, Education and Welfare
Leonard Garment
El2ais
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