Big stock rally as Ford tax cut eyed
New York markets rose on reports President Ford backed a one time 10 percent tax cut to revive the economy. The Dow gained 12.52 to 657.78 as NYSE volume hit 8.2 million shares. American Telephone led gains with a 5 point rise, while consumer stocks like Walt Disney Avon and S S Kresge posted solid increases amid rate cut support from major banks. A Galveston Bay gas well fire was extinguished.
MENTIONED IN THIS ARTICLE
New York
Ford
New York Stock Exchange
Ford Administration
American Telephone & Telegraph
American Stock Exchange
California
Bank of America
First National City
Bankers Trust
NYSE
Walt
Disney
Avon Products
S.S. Kresge
Houston Gi] & Minerals
Amex
Galveston Bay
Tex
New York Stock Exchange midday quotes and market tickers
A dense listing of stock prices, exchanges, and ticker symbols from the New York Exchange. Includes numerous company names such as RCA, Revlon, Kellogg, Coca Cola, Ford, Goodyear, General Electric, and various banks. Notes that figures are unofficial noon prices with dividend footnotes and miscellaneous entries across numerous sectors.
Stock Exchange Prices Decline Amid Mixed Averages
The New York AP stock list shows mixed moves with many issues in lower ranges While some names report gains others slide The report includes notes on dividends ex distribution and various corporate actions impacting quoted prices
High Point Enterprise rates and publishing details
The High Point Enterprise offers daily and Sunday subscriptions with rates listed for 1 week 6 months and yearly options. It notes AP news use rights and details about postage class second, carrier independence, and advertising representatives.
MENTIONED IN THIS ARTICLE
High Point Enterprise
Aliernoon
Highpain Enterprise
Churth Avenue
High Point
N.C
Yes
Associated Press
Inc Ix
Ward-Grifffin Company
National Advertising Representatives
Raleigh Shooting Case Marks One of Citys Worst Crimes
Officers said all victims were shot with a small caliber gun. The case is described by police as among Raleighs worst crimes, surpassed only by a prior shopping center sniper incident that killed five.
MENTIONED IN THIS ARTICLE
Burnice Clark Harrington
Haveleigh Monte Ravera White
Mitchell
White
Method Post Office
West Raleigh
Harmon
Lye
Harris
Raleigh
Jack Harmon
Stolen Tractor-Trailer Recovered Near Oxford
A stolen tractor-trailer worth 165000 dollars, carrying cigarettes, was found abandoned five miles north of Oxford. The truck had been stolen from Epes Transport Systems in Durham on Sunday afternoon and was scheduled to depart for Harrisburg, Pennsylvania that night.
MENTIONED IN THIS ARTICLE
Oxford
N.C
Epes Transport Systems
Durham
Harrisburg
Richardson Welcomed By Ford as Ambassador Nominee
President Ford publicly welcomes former Attorney General Elliot L. Richardson back to government service as his nominee for ambassador to Great Britain. Richardson, 54, would fill the post vacated by Walter H. Annenberg and must await Senate confirmation.
MENTIONED IN THIS ARTICLE
Washington
Ford
Atty
Elliot L. Richardson
Great Britain
Richardson
Justice Department
Richard M. Nixon
Archibald Cox
Elliot Richardson
America
Senate
Philadelphia
Walter H. Annenberg
Plan to send U S taxpayers checks eyed in Ford era
The Ford administration reportedly studied a $3 per barrel oil levy to fund direct taxpayer checks of $70 to $140 for about 200 million Americans. A tax cut around $15 billion is also discussed, potentially via lump-sum refunds or lower withholding, with concerns over processing and consumer response. House action on tax relief for lower and middle incomes is planned for March.
MENTIONED IN THIS ARTICLE
Ford Administration
Ford
U.S. Treasury
America
al Ullman
D-Ore
Ullman
House
Ways and Means
Thieu vows Phuoc Long recapture despite timing
South Vietnam President Nguyen Van Thieu said he would order a counteroffensive to retake Phuoc Long Province after its fall. No launch date was given. U S officials and allies discussed military aid and air force needs as fighting intensified in Phuoc Long and the Mekong Delta.
MENTIONED IN THIS ARTICLE
Saigon
South Vietnam
Nguyen van Thien
Phuoc Long Province
U.S
David Jones
U.S. Air Force
Southeast Asia
Jones
Ford Administration
Congress
North Vietnam
Loc Ninh
Phuoc Long
Thieu
National Security Council
An Dien
Rach Bap
Kien Duc
Mekong
Khmer Rouge
Oil workers approve two year Gulf contract in Denver
The Oil, Chemical and Atomic Workers Union and Gulf Oil Corp reach a two year agreement raising wages . The 60,000 member union's contract expired Tuesday sparking a possible walkout. The package includes wage boosts, a cost of living reopener, an extra holiday, and improved hospitalization and pension payments. The deal could set patterns for other oil companies and involves Gulf refineries from California to Ohio with about 3350 union members covered. Exxon has one plant under the union contract.
MENTIONED IN THIS ARTICLE
Denver
Gulf Oil Corp
A. F. Grospiron
Oil, Chemical and Atomic Workers, International Union
Grospiron
Port Arthur
Tex
Gulf
California
Ohio
Texaco
Mobil
Shell
Atlantic-Richfield
Phillips
Continental
Standards
Exxon
Unoccupied Explosion Destroys Hardee's At Newton
An early morning explosion destroyed the unoccupied Hardee's hamburger restaurant on Highway 16 in Newton North Carolina. Fire officials cited a likely natural gas leak possibly ignited by an automatic electric motor, with debris strewn and walls blown out. Gas workers stopped the leak and authorities investigated the scene as residents miles away reported hearing the blast. No immediate loss estimate was given.
MENTIONED IN THIS ARTICLE
Newton
N.C
Hardee
Highway 16
Bill Russell
Russell
Piedmont Natural Gas Co
Lexington Publisher Sink Dies at 51 in Lexington
Fred O. Sink Jr., longtime publisher of the Lexington Dispatch, died at his home after a lengthy illness at age 51. He joined the paper in 1946, rose from circulation manager to managing editor, then editor, copublisher, and became publisher in November 1973 after the Times Co. purchase. Surviving are his widow Katherine Burkhart Sink, a daughter, two sons, two brothers, two sisters, and his mother. A memorial service is set for 4 p.m. Saturday at First United Methodist Church.
MENTIONED IN THIS ARTICLE
Lexington
N.C
Fred O. Sink
Lexington Dispatch
Sink
Joe Sink
New York Times Co
Staunton Military Academy
Virginia
Duke University
Katherine Burkhart Sink
Fred O. Sink Sr
Steve Smith
Warner Sink
Charles Sink
C. V. Sink
Joe Sink Sr
Daphine S.rose
Robert Philpott
First United Methodist Church
Lexington City
Farmers Cut Vegetable Production
Washington AP reports a USDA Crop Reporting Board forecast that fresh vegetable supplies will be tighter through winter. First quarter 1975 harvest is seen at 30.8 million hundredweight, down 12 percent from a year earlier, with reduced acreage for snap beans broccoli cabbage carrots cauliflower celery sweet corn eggplant escarole lettuce green peppers tomatoes and spinach.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Crop Reporting Board
Congress Opposes More Aid to South Vietnam and Cambodia
Senate leader Mansfield warned Ford faces a Bush with the new Congress over any expanded military aid to South Vietnam and Cambodia. He said it is a fair assumption the House and Senate would resist such a request as it would mean more killing, while Pentagon figures show South Vietnam has spent under 320 million of 700 million and Cambodia’s 200 million could run out by April.
MENTIONED IN THIS ARTICLE
Ford
Washington
Senate
Mike Mansfield
Congress
South Vietnam
Cambodia
House
White House
Montana
Mansfield
Ron Nelsen
Pentagon
Ait
Tate
Ford Administration
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Ansec
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