Stock Market Slips Amid Recession Fears and Rate Bets
New York traders opened with a slight decline as the Dow Jones average fell 4 points early, then steadied to down 1.17 at noon. Gainers trailed losers 5 to 4 while bets on lower rates supported activity. American Home Products slid to 294, Texas Instruments fell 1.44 to 62, and Faberge edged down to 44s as earnings forecasts softened.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
American Stock Exchange
Newark
Midlantic National Banks
Texas Instruments
Tech Company
Faberge
NYSE
Great Basins Petroleum
Amex
New York Market Highlights Mixed At Noon
AP dispatch from New York notes mixed noon trading across indices with modest moves. Transportation and utilities show small gains while some sectors slip slightly as investors weigh gains and losses.
MENTIONED IN THIS ARTICLE
Lustock Indext
New York
Cece
Uttity
Venance
High Point Enterprise Publication and Subscription Rates
The High Point Enterprise lists subscription options by mail and carrier, with rates for daily and Sunday editions, monthly and yearly terms, plus tax details. It notes independent contractor carriers, AP news usage, and contact guidance for home delivery and local advertising.
MENTIONED IN THIS ARTICLE
Ee Ftocnanco
Altecabon
High Point
Enverprise
Ait Church Avenue
h_ Point
N.C
Pat Associated S
Associated Press
AP News
High Point Enterprise, Inc
Ward-Griffith Company
National Advertising Representatives
Stock ticker scramble from New York market wrap
Fragmented OCR of a 1975 AP stock page shows scattered company tickers and prices across American Exchange listings. Names such as AegisCorp, Alamera's, Brasen Atb, CertronCa, De, Din Fromiera Air, Giant, Lionel Radio, WestatsPt appear among distorted figures and symbols, reflecting a chaotic market snapshot teeming with misread characters.
MENTIONED IN THIS ARTICLE
Exchange
New York
American Stock, Exchange
Sal PE Hat Nish
AegisCorp
CertronCa
Cinerama
Db & Ao
Dse i
ORC Cpl
Phoenixsil
Associated Press
Over The Counter Bid-Ask Quotes From NASD Section
Inter-dealer prices as of about 11 a.m. with no retail or commission marks. Quotations courtesy High Point office of E. F. Hulton & Co. Inc. Listings include American Furniture 17% to 244 Anheuser Busch 2542 26, Atlantic Pepsi By at Bassett Furniture 101, Bluefield Supply 128, Cam. Fin. Corp. Bt, C.Cola Bth. Con. by Daniel, Jat. Com. 3 z 1448 D-head Corp., 2ha Henredon BY De Hickory Furn. 2s Sly JB. Ivey 3ta 4 Lane 108s at Life of Carolina to 2 NCNB Corp. Thi Ole N.C. Natural Gas 77s Nwstra Inv. Co. 78s Ble Phillips Foscuette Vie Piedmont Avia, Pub. Serv. of N.C. 7% Bla Rex Plastics Tle BY 8, Film Extrud. 3. Oh
MENTIONED IN THIS ARTICLE
High Point
E. F. Hulton & Co, Inc
American Furniture
Anheuser Busch
Atlantic Pepsie
Bassett Furniture
Bluefield Supply
Cam. Fin. Corp
C.cola
Daniel Jat
D-head Corp
Henredon
de Hickory Furn
Sly JB. Ivey
Life of Carolina
Ncnb Corp
Ole N.C. Natural Gas
Nwstra Inv. Co
Phillips Foscuette Vie Piedmont Avia, Ahyay Pub
N.C
Rex
Oil Union Talks Hover Over Nationwide Strike Threat
Grospiron warned a strike could target one or more companies and spread nationwide quickly if talks fail. Negotiations involve 430 local bargaining units across refineries and allied industries, with a union policy committee to approve any proposed pact before member vote. He declined to strike at midnight Tuesday when contracts expired and ordered talks to continue. The union seeks 1.20 more per hour each year for three years plus 0.50 immediate raise to counter inflation, plus a cost-of-living escalator and improvements to pension and hospital insurance.
MENTIONED IN THIS ARTICLE
Grospiron
Pessimistic Economic Reports Continue As Remedies Prepared
Washington sends word as Ford and House leaders near an antirecession plan. A 10 Democrat House task force returns to work to draft recommendations including a tax cut. Unemployment claims hit a record 813,600 in the week to Dec 28, with more than 2.8 million in December. Major layoffs hit Goodyear, Firestone, Seiberling, GM, Ford, and TI amid warnings of continued job losses and potential rail strikes. Chrysler calls for immediate tax cuts to restore consumer confidence.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Ford
House
Carl Albert
Albert
White House
Ron Nessen
Nessen
Alan Greenspan
Council of Economic Advisers
United States
Goodyear Tire & Rubber Co
Firestone Tire and Rubber Co
Seiberling Tire and Rubber Co
General Motors Corp
Ford Motor Co
Polaroid Corp
Texas Instruments
General Electric Co
Evendale
Ohio
Westinghouse Electric Corp
Horseheads
Chrysler Corp
Lynn Townsend
Poor Are Concentrated In South in SRC Report
ATLANTA AP The Southern Regional Council reports the nations poor are concentrated in the South which has 25 percent of the population but 38 percent of the poor. It cites inflation worsening poverty and says federal poverty measures since 1972 underestimate actual numbers, with blacks facing higher rates than whites. The study covers Alabama Arkansas Florida Georgia Louisiana Mississippi North Carolina South Carolina Tennessee Texas and Virginia.
MENTIONED IN THIS ARTICLE
Atlanta. Ga
Southern Regional Council
SRC
South
Alabama
Arkansas
Florida
Georgia
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Texas
Virginia
Vietnam Reds Hit Bong Son
Saigon reports the Communist offensive extended to the Bong Son area with attacks on a regimental headquarters west of Bong Son and three sides of the district town. Seventy-seven Communist and government casualties are claimed, Bien Hoa air base shelled with rockets and Viet Cong gains in Phuoc Long province.
MENTIONED IN THIS ARTICLE
Saigon
South Vietnam
Bong Son
Bien Hoa
Viet Cong
Phuoc Long
Fayetteville Textile Plants to Lay Off Workers
Burlington Industries announced layoffs and temporary closings at two Fayetteville textile plants. About 20 percent of the 400 workers will lose jobs as the Lakedale plant closes for two weeks starting January 13 and the Fayetteville plant shuts the week of January 20. Officials cite weak market conditions and aim to trim inventories.
MENTIONED IN THIS ARTICLE
Fayetteville, N.C
Burlington Industries
Fayetteville
Spokeston
Lakedale
Commission Probing Gas Cuts
Washington AP The Federal Power Commission has opened a probe into large natural gas curtailments by Transcontinental Gas Pipeline Co affecting commercial and industrial users from Texas to New York. The FPC finds curtailments appear far above projected levels and follows a prior inquiry into Tennessee Gas Pipeline Co with hearings underway.
MENTIONED IN THIS ARTICLE
Washington
Federal Power Commission
Transcontinental Gas Pipeline Co
Texas
New York
FPC
Tennessee Gas Pipeline Co
Boston Students Fight amid Hyde Park High Tensions
Extra police were dispatched to Hyde Park High School as fights erupted on the second day of classes at the South Boston High School complex. About 13 students were arrested for disorderly conduct after clashes on the first floor. no injuries were reported.
Ambassador Voices Women Roles at Accra Market
U S Ambassador to Ghana Shirley Temple Black told women at an Accra market that the most important things for a woman are a good husband children and a harmonious home life. She added that women should also have the opportunity to work if possible in her remarks on Wednesday.
MENTIONED IN THIS ARTICLE
Accra
Ghana
U.S
Shirley Temple Black
Richardson Named As Envoy To Great Britain
President Ford nominated Elliot L. Richardson to be ambassador to Great Britain in a rare personal statement praising his public service. If confirmed, the 54 year old would succeed Walter Annenberg and gain a role shaping Anglo American relations and Western alliance policy.
MENTIONED IN THIS ARTICLE
Washington
Ford
Elliot L. Richardson
Great Britain
Richard+sons
Richardson
Richard M. Nixon
Archibald Cox
Elliot Richardson
America
Walter H. Annenberg
Senate
Henry A. Kissinger
Western Alliance
Recession Triggers Mental Anguish Among Jobless in Charlotte
CHARLOTTE AP The recession causes anxiety and frustration among unemployed residents at Mecklenburg County Health Center. Deluge of outpatients led the center to suspend new patient intake until next month. About 500 new patients accepted since July. Harry Wolf Jr. notes white collar workers unaccustomed to unemployment suffer most and fear relief stigma as families fracture under poverty.
MENTIONED IN THIS ARTICLE
Charlotte
Mecklenburg County Health Center
Harry Wolf Jr
Wolf
Skid Row Slasher Strikes LA Again
Los Angeles police hunt a killer called the skid row slasher after a fifth victim, Casimer Strawinsky, 58, was found slain in a low rent hotel near skid row. The victims, all men, were slain in similar fashion with throats slit ear to ear within a mile of City Hall since December. Police lieutenant Dan Cooke said the murders appear linked and difficult to solve due to the victims' loner lifestyles and lack of connections. The earlier victims include Charles Jackson, 4, December 1. Moses August Yakanak, 47, December 8. Arthur Dahlstedt, 54, December 11. and David Perez, 42, December 22.
MENTIONED IN THIS ARTICLE
Los Angeles
Casimer Strawinsky
City Hall
Charles Jackson
Moses August Yakanak
Anchorage
Alaska
Arthur Dahlstedt
David Perez
Also Mentioned on This Page
High Point Enterprise
Business and Financial News Stock Market Report
PNB
Art agerCo
Coineut
Kresges
ChrisCraft
Loarsieg
Ye Cincorp
Citonth
Tampak
Vie Wig Tektronx
Taldyn
Fenica
Bob Je Mayty
Mechanaids
Ae Mifyelsep
Nortikwas
Lennra Ghioedles
GAF
BBC
Gannett
Ya Bia
PacPwLdo
Iva Tita Ieee Pascaing
Dorna
Darlene
Ilo 'E
Pepsical
TOSI
Pfizer
Ty Pty Phospoaa
Gralia
Philipame
Cocimlog
Psvcall
Hartlsttnd
Publikr
Ronco
Wie Raythen
Peers
Anal
At&t IA Fats Agsy AB
Royccnl
RyderSys
I Bengt
Natal
Burden
Ae Bugdye
Dia Aly Kurtinde
Colange
Fata Cerro
Cortiech
The
Dow-Jones
NAP JO Transportation
Rm A.P. Stock
Anbesiing Press
Unl
Stock
Util
Fgn
By Carl C. Craft
Labor Department
Oil, Chemical and Atomic Workers International Union
Sheet Metal Workers Union
Union Pacific
Missouri Pacific
Texas Pacific
Baltimore & Ohio
Seaboard Coast Line
Vietnam
Phuoc Binh
Commission
Boston
Cooke
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