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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 05, 1977
Page
2
New York stocks edged lower with the Dow Jones average down .75 at 987.12 as losses since New Year’s begin to mount. The market showed more decliners than advancers, while Lubrizol led active issues dropping about 1 percent to 35 dollars and a 625,000 share block trade occurred after opening.
The New York market shows varied results with prominent firms such as Upjohn and Delta Air among leaders. Several blue chips exhibit mid range percentages, while several names like General Mills and Exxon display modest moves in late trading.
The High Point Enterprise announces its status as an independent newspaper published in High Point North Carolina. It notes rates by mail and carrier for daily and Sunday editions and references Associated Press utilization.
Noon quotations show diverse NYSE issues with mixed gains and losses. Major names include Exxon Mobil, IBM, Coca Cola, and AT&T, reflecting varied investor sentiment and sector movement across technology, energy, and consumer goods stocks.
The Associated Press survey shows mixed stock averages with rails leading gains while utilities hover. Noon figures show the Dow components at 490.6, with week and month comparisons indicating uneven momentum across sectors.
Sambo’s Restaurant on Eastchester Drive at High Point Mall will not open Thursday as manager Erick Hellman previously stated. Opening rescheduled for Monday with 24 hour service and breakfast on opening.
Veteran legislator Kenneth C. Royall Jr. won the chair of the new Ways and Means Committee as part of a plan to consolidate tax and spending powers under one umbrella. Other top money committees followed with Hardison, Rauch, Alford, and Davis named to key roles. RoyallCampaign contributions and prior leadership highlighted his selection. Green emphasized broad senator involvement in tax and spend decisions to streamline balancing the state budget.
Army Secretary Martin R Hoffmann announced he will not permit the early readmission of West Point cadets ousted in the worst scandal in the academy’s history. The decision ends speculation that those expelled could reenter before completing probation and disciplinary actions.
An interstate bill collection company ICP Bureau of Services halts Raleigh activity after losing state approval for its mail forms. A Jan 13 hearing before the Department of Insurance will decide if the Raleigh license should be revoked.
Humphrey withdraws from the race for Senate leader after a flu bout and backs Senator Byrd. Byrd, poised to win the post with strong support, would lead the Democratic conference as Mansfield’s successor. Humphrey vows to remain active in national affairs though he concedes the outcome.
The Coast Guard says search operations may start soon for the Grand Zenith missing in the North Atlantic with 38 aboard. Planes from U S and Canadian coast guards along with U S Navy and Air Force units cover about 100000 square miles off the U S Northeast and southeastern Canada. Weather-driven drift projections guide the search as officials hope to recover life vests and lifeboats.
Guilford County grand jury charges two men already serving life terms with the 1974 murder of Pamela Elizabeth Hyatt, a Greensboro teenager found with stab wounds. Michael Allen Lester and Robert W. May face new homicide counts while in prison for other killings.
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