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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 01, 1977
Page
2
The Dow Jones average slips to 952.79 at noon, down 1.58, while the NYSE composite edges up 0.02 to 55.50. Analysts cite colder weather delaying first quarter earnings and raising concerns about inflation and recovery, with oil stocks among the most active.
The AP reports New York Stock Exchange noon index levels with overall market readings across major sectors. Industrial and transportation indexes show minor shifts while utilities and finance hover near prior values.
The High Point Enterprise a daily and Sunday independent newspaper based in High Point North Carolina outlines subscription rates by mail and carrier for various terms with prices and tax notice. It notes AP news usage rights and carrier distribution terms and acknowledges local advertising representation.
The Dow Jones industrial average stood at 952.79 down 1.56. Transportation at 226.57 slipped 0.05. Utilities moved to 109.44 up 0.13. Public Utilities at 97.00 slipped 0.06. Industrials and Bonds posted small changes.
Daily stock averages show varied movements across indices with notable changes in the rail, utilities, and foreign sectors. The report lists noon figures, week and year comparisons, and changes from previous days, highlighting fluctuations and a high and low range for the period.
Consumer advocate Ralph Nader seeks an apology from Federal Trade Commissioner Paul Rand Dixon who called him a son of a b and a dirty Arab. Dixon refused to apologize, saying he did not intend to. Arab-Americans plan a White House protest today.
The Carter administration defended the tax cut and job creation plan as spurring growth without boosting inflation. Blumenthal Schultze and Lance warned against large program expansions while noting risks from food price rises and cold weather. Republicans on Capitol Hill endorsed a rival permanent tax cut plan with lower revenue loss and a steady economic boost.
A severe winter across the Northeast and Midwest brings a state of emergency in Buffalo New York after 12 deaths. An Army battalion begins relief efforts as gas shortages close schools and factories and federal disaster aid moves forward.
In Aspen, Claudine Longet heads home with ex-husband Andy Williams after being ordered to serve 30 days in jail and two years probation for criminally negligent homicide in the shooting death of Vladimir Sabich. She also must pay 25 dollars for probation report costs and weighs appealing a new trial.
Koomen warns cold can intensify strain on those with heart or lung disease or Parkinsonism. People outside need extra nourishment as cold weather raises energy needs to generate heat. Shoveling snow can exhaust those already struggling to produce energy and limit their ability to cope.
Utilities Commission Chairman Tenney Deane reports energy supplies stabilize for now with high priority gas users protected. He notes layoffs are low in North Carolina compared with other states, and warns emergency natural gas shipments may be diverted to other states. Propane and fuel oil demand strains remain, and some customers may remain curtailed during the coldest weather.
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