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High Point Enterprise Newspaper Archives Jan 11 1974, Page 2

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High Point Enterprise (Newspaper) - January 11, 1974, High Point, North Carolina 2a High Point Enterprise Friday january la 1974 business and financial news Stock Market report new York a the Stock Market rebounded from a string of Sharp losses today. Brokers called the gain a technical recovery that was unrelated to news developments. The Dow Jones Industrial average. Which had lost 57 Points since monday was up 5.69 to 828 80 at noon. Earlier the Blu Chip indicator had been up More than 8 Points. Advances led declines by almost 2-to-l in Active trading on the new York Stock Exchange. The big Board s composite Index was ahead .21 to 49.71. It on the american Stock Exchange gainers held a slim Edge Over losers and the mar Ket value Index had risen .12 to 93.27. Well probably see a Little better Market today for purely technical reasons a Lucien Hooper of . Hutton co. But he was not bullish for the Long term and viewed the rebound As a temporary pause for investors a to catch their the strongest gainers were Glamour and multinationals which had been under heavy Selling pressure. The multinationals had been casualties of Wall Street s concern about the negative Impact the Oil crunch could have on Western european economies and on . Companies that derive a Large portion of their earnings from overseas operations. Glamour that advanced included Avon products up 3s to 51 Walt Disney productions up a4 to 37 Eastman Kodak up i12 to 105 and Polaroid up to 69j4. Cadence and Cal pineal 4 i camper 50a 47 56 Camps 18 12 25 car owl 60 7 37 Carrop 52 7 92 Carawa 40a 13 to castles 60b 9 5 dec 3 5 2 3% 90 314 21�?Ta 12�?T 8 16 4 2 a 3 88 31 21�?T4 12 a 7 16 4 Cate trl 60 14 72 634 2 celanese2 6 17 28 a 28 a Cento inc 20 8 20 13 13 Censori 08 9 192 164 16 Cerr Cpl 3 7 15 15 Cert teed 60 6 i 14 14 Cessna 80 4 1 2 1 34 13 chmplnt.92 7 92 18 18 chessie3 60 7 64 57 56 chipneut2 9 3 31 30 can Craft 6 7 2 a 24 Chr sin 40 3 221 is a 15 Cit Fin 2 20 9 22 40 40 2 20 la 147 55 a 53 a Clarke i 52 la 8 424 42 a Cive till 2.32 to 5 32 32 coca col i 90 3 123 113 a 112 col goal 54 17 165 23 22�?Ta lbs i 46 8 2 6 27 congas i 90 7 4 25 Combe 1 51 24 40 97 com sol 60 13 5 18 come 2 30 9 37 294 Comsat 68 la 21 37 coned i 80 8 51 19 conf is 35 8 73 21 conngs2 to 7 8 25 consupow2 8 23 23 a cont airline 35 66 5 a Cut can 60 7 6 6 23 cont cp2 40 7 4 1 40 co toil i 60 12 239 504 con Tel 92 9 1 4 1 7 a control oat 8 73 33 a Coop nil 04 la 74 414 Cornog 1.12 18 39 cow Escom 14 2 new York a Exchange new Vork a new York Stock Exchange selected noon prices Sale net be ads High Taw last chg. 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Honywill 40 14 13 73 a 73 Houswin 90 8 28 20 a 20 Housep i i to is 29 28 How met 70 9 14 14 13 la 4 to 7 58 19 284 6 la 6 16 6 112 the High Point Enterprise established 1884 published eve., tip. Oon and sunday mourn g an Independent new paper published by the High Point interpose inc. 210 Church Avenue High Point . 27261 member of the associated put a 1 rates by Mau payable in i or. 6 to. 3 to. I to daily and sunday $36 4u $ 18 20 $9.10 $3 05 sunday Only $1300 $6 50 $3 25 $1.15 by Carrier wkly $ 70 monthly $3 05 or $36 40 mail subscription in . Subject to 4% sales to. The associated press is entitled to the use for reproduction of All local news printed in this newspaper of Well As All an is dispatches. Entered As second class matter at the Post office High Point . Under act of March 3, 1879 second class postage paid at High Point . All carriers dealers and distributors Are Independent contractors and the High Point Enterprise. Inc is not responsible for Advance subscription payments made to them or their Repie sedatives for Home delivery Rote Content your local Carrier Ward Griffith company notional advertising representatives Idaho p i 86 to 7 idea Bias 80 to 13 iiicentl30 6 9 Imp Pam inacp2 06e i Oyer r 2 16 lnlandst2a inter in i 80a i by 4 48 Lothar i 50a in Miner 52 16 73 i Nick i 20a 14 45 int Paul 50a is 82 int Tati 40 6 281 Low Abee 4 2 i a apse i 48 to 2 Ite corp 7 27 j jewel cd 66 9 4 Jhn Manl 20 6 245 29 a 18 21 by 36 91 29 a 23 29 a la 21 1 35 19 29 23 a 73 148 234 a 237 25 31 a 34 51v 27 20 11 13 a -34 34 18 17 24 a 37 34 so 26 a 20 11 13 Jon log 80 Jonpaul 60 Jos tens 80 Joy mtg i 40 Kaihalu 50 Langeh 56 Kane Ltd 48 Katy ind Kellogg 54 kennecott2 Kerrig 60 Kim Sci i 44 a Opprel 88 Kraft co i 77 Kresge 20 Kroger i 30 Johnhn 50 39 133 99 97 28 7 a a 22 32 44 a Al 70rn 36 am 7 12- 90 73 in a a 20 am 29 13 29 a 18 a f a 21i a in 1 36 a 89 �?2 29 a 23 234 a ms1 a 25 38 in i a 34 a is a a 26 a 20 18 13 34 17 98 1 3 9 6 3 6 24 21 95 k 13 161 8 2 8 i 7 i 17 13 to 459 34 96 9 62 9 44 10 23 24 466 to 13 15 18 14 47 a a k -21 18 19 a 6 15 a 44 79 31 49 40 21 a 19 15 15 18v 13 a 44 a 19 18 19 6 15 42 a 78 3 48 a 39 27 19 18 a 14 46 2 21 1 18_____ 19 a 6. 15 vib 43 1 79 1 31 4940 28 a 19 a a singer2 60 7 13 smithkline2 14 21 Sonych Loe 16 302 scar Egl 43 9 72 scale i 56 7 1 45 South col 34 8 189 son res i 50 to 7 soupac2 16 to 37 sour i 92 Lull Sperry 66 Squibb 62 St Brandl 83 1 3 29 stoical 1.70 7 264 5>to111 and 2 68 14 372 std Iloh 31 187 siauftchm2 8 5 sle drug 60 19 53 steveosjp2 4 25 stupor i 32 Sun Oil 98r sys Rondon 12 221 19 9 22 64 4 2 12 127 6 2 38 50 23v 16 18 a 16 51 35 47 39 28 79 47 32 96 72 39 24 25 32 a 56 7 37 49v 22 a 16 18% 16 50 35 47 38. 28 79 47 31 95 70 39 23 25% 32 55 7v Al a Lea Sieg 28 5 to 5 5 5 leh pct 80a 7 3 19 19 19 it leva land 7 1 in 1 a lehmnl3e 38 13�?T 13 13levit Aburn 6 89 4 3 4 u lob 2 20a 5 29 28 28 28libby Cal 9 i. 5 5 5 a Liggy 2,50 8 18 30 30 30 Litton 23t 6 46 7�?Ta 7 7�? lock Dairy 3 21 3 3 3loews i 16a 4 to 21 21 21 to nestled 7 3 17 17 17 a Lonerg i 46 Roll 27 27 27v Angl set i 46 8 23 17 a 17 17ltd corp 3 23 10 10 io3 Luck str 54 12 18 12 12 12 a Luken Ssell 12 56 36 35 a 35 la corp 14 219 5 5 5. 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Llva 197 a a a 38 4 164 64 4-2 324 Vall of a 74 a 284 1530-1 33 4 84 i 274-1 14. 24 4 a a 374 a 13 a 23 a 9 24 67 4-1 384 a a 4 4 17 a worker at garage is killed Guy Isaac Ratliff 42, of Stokesdale was dead on arrival at High Point memorial thursday evening after the Boom on a Crane fell on him at the site of the City parking garage at s. Elm Street and e. Commerce Avenue. Police said Ratliff who was Job superintendent and the Crane operator Leon Todd were changing the Boom on the 30-ton truck Crane. Todd said Ratliff hit a pin securing the Boom with a Sledge Hammer and the Crane fell pinning Ratliff under it. According to Todd the Boom was not properly anchored to insure safety. Smuggler uses . Kissinger tries to Spur Middle East agreement by Barry Schweid associated press writer Madrid apr Secretary of state Henry a. Kissinger headed for the Middle East today with High Hopes that he can a grease the Way for an agreement Between Egypt and Israel to pull Back their armies intermingled around the Suez canal. A senior official said Kissinger May emerge with a formal proposal to put before the Geneva peace conference but even if he does not he expects to bring the a two sides close enough together to negotiate a disengagement. Kissinger stopped off in Spain to meet Pedro Cortina the new foreign minister in a government that was substantially revised following the assassination dec. 20 of Premier Luis Carrero Blanco. Kissinger will Fly to Aswan Egypt in mid afternoon and May meet immediately with president Anwar Sadat upon arrival. The egyptians already have made several Concrete proposals and Kissinger received a a pretty Good ideas of israelis position from defense minister Moshe Dayan last weekend in Washington. Now the . Official said he is ready to shuttle Between Egypt and Israel Over the next few Days in order to overcome their Mutual distrust and smooth out the a a technical issues a that stand in the Way of disengagement. Of his middleman role is productive Kissinger intends to shuttle Back and Forth twice Between Sadat in Aswan where he is recovering from bronchitis and the israeli Cabinet in Jerusalem. He also probably will expand his travels to Jordan for a session with King Hussein to Damascus to see president Hafez Assad and to Brussels on the Way Home to Brief european ministers. Initially Kissinger had planned Only three Days on the Road but his trip evidently will expand to at least one week. Chicago Tribune report for entry military gathered information from Kissinger by using spies Xerox Cpl 29 169 109 108 2 108 4 Zal corp 72 6 is 13 13 13zen.fhri.52 7 121 24 24 j 24 a. Copyrighted by the associated press 1974 american Exchange new York a Stock Index new York apr noon new York Ste to Exchange Index Market 4-14 cents Ina. 49 71 021 Industrial. 5367 076 transportation. 35 38 0 34 Utility. 34 89 0 05 Sinaik 63 78 0 to . Stock a averages Dow Jones a averages stocks. 30lndul 128 10 5 69 to transp. 185 04 2 43 is utile. 91 93 061 65stocks265 38 1 69 Bonos. 40 Bonds. 73 05-0 04 to higher Grade rails 54 05 Inch to second Grade rails 67 ��?��?0 15 to Public utilities. 90 41�?0 04 to Industrial.80 56 0 04 Campi i and by the associated Prats to is is 60 ind. Rails util. Stacks net change 4 1 2 5 2 7 noon Friday 432 7 163 2 it 06 1 283 1 Prev. Day 428 6 160 7 106 8 211 1 week ago 451 7 176 6 Hoo 300 8 month ago4215 149 i 100 3 270 4 year ago.525 9 177 6 144 2 342 3 197j-74 High .532 7 114 7 1 46 3 346 9 1973-/4 Low 405 9 125 5 97 9 2610 1972 High 529 8 203 4 152 1 349 9 1972 Low 471.0 169 7 121 7 311 9 Bond a cracks compiled by the associated Prats 74 18 to Ibio remit ind. Umi. Pin. net change a i�?.i�?.1 noon Fri 52 5 00 5 8/ 3 91 7 77 1 Prev Day 52 6 80 5 17 4 98 7 77 9 week ago 52 2 to 17 5 91 6 77 2 month ago 52 i Boi 17 2 98 6 76 9 year ago 52 4 15 3 19 2 98 5 12 0 1973-74 High 53 9 15 4 19 3 99 6 12 7 1973-74 Low is 6 710 15 2 96 3 74 2 1972 High 53 7 15 1 89 5 91 6 is i 1972 Low is 13 5 86 7 91$ 80 1 new York a american Stock Exchange selected noon prices Seles net pc ads High Lew last chg. A a a pet 20 to 9 33 33 33 a Aryl gel 30 8 8 26 25 25 a Asame Rao 26 107 13 13 13. By Banster cult 9 20 17 17 i7 Brasca Nai 4 20 16 15. 16 a Buttes Goh 29 69 30 29 29 cd Cam Chib 8 55 7 11-16 7 7-7-16 cinerama 4 1 is 1 a creolp2 20a 8 27 18 18 18 a _ of data control i 1 in 1 Dixi Cyncor 20 7 7 7, Dynale ctn 19 23 4 4 4be elects 36t 7 7 2�?T 2 2 up pm Fedr Erces. 5 3 3 3 a fro Herair 4 19 4 4 4 go -gresrc.ole. 12 1 1 1 giant y 40a 20 243 18 17 17 it Basinet 54 1 5 3 3 3�?T vim a Hormel 84 1 2 5 la 18 11 la 19 21 22 22 Val Limp Oil 80a 26 121 39 39 a 39 inst Rumsy 7 16 1 1 1india Ai 80 5 2 22 22 12. A a a Jamsky 16t 3 4 3 3 a 3. Jetro Mclind 5 8 2 2 2a a Kaiser in Lor 5 73 6 6 6 a Kinar Kurp. 3 a _ la Lata radio 3 21 6 6 6 a Lamaur to 4 5 a a 4mi bmi.,. Loewe heat. 34 5 5 5 Ltd Corput. 33 3 3 3 a my marshal ind 4 6 6 6 a 6�?T�? Medinco 12 9 4 8 7 8 mid finl 36b. 8 9 9 9 a Mingo elect j 14 14% la 14 in new Luna m is 13 i 15-16 15-16 1-16 new Parks 13 15 3 3 3 a n proc 35e to 16 8 a 8 a 8 Nord nails 15 7 5 9-16 5 9-16 5 9-16�?1-16 0-0 -oierkairlin., 7 3 3 3 pm Hermener 6 7 4 4v 4 a a Phoe Mestl ,. 23 3 3 3or Reserve log 16 27 81 i a 8 a. Is a Scurry rain los 2 21 21 21 4 Statham ins 8 4 la 10 la a syntax 40 31 252 53 50 50to a us in Brandt 26 in 1 1as flit to i 22 1 8 i a a a Viewieg 20 1 1 1 a Viko inc 5 2 2 2�?T.,. Van corp 4 22 4 4 4 a we a Westart Sotl. 43 3 2 3was Roose is to 6 6 4 a a a a Yates and i 17 15 15 15 copyrighted by the associated press 1974 sales figures Are unofficial unless otherwise noted rates of dividends in the foregoing table Are annual disbursements based on the last quarterly or Semi Annuel declaration special or extra dividends or payments not designated As regular Are identified in the following footnotes a also extra or extras by annual rate plus Stock div Send c a liquidating dividend e declared or paid in preceding 12 months he declared or paid Atter Stock dividend or split up k a declared or paid this year an accumulative Issue with dividends in arrears n a new Issue p a paid this year dividend omitted deterred or no action taken at last dividend meeting r declared or paid in preceding 12 month plus Stock dividend to paid in Stock in preceding 12 months estimated Cash value on sex dividend or sex Distria lion Date sales in full. Cid called a a a dividend a a exd Ivl lend and sales in full. A disc sex distribution a re sex rights a a a without warrants a we with warrants a do when Dis tribute win when issued Ndu next Day delivery. Via in bankruptcy or receivership or being Reorg United under the bankruptcy act or securities assumed by such companies Fnu foreign Issue subject to interest equalisation tax. Wilmington. . Apr customs officials told thursday of the smuggling of More than seven tons of marijuana into the United states near Wilmington and the arrest of one Man. John m. Dolan special agent in charge of the Wilmington customs office said William Worthington Russell in of Stockbridge. Mass., was arrested wednesday night on a smuggling charge. Dolan said about seven tons of marijuana were loaded on the Ketch Inger off the coast of Columbia in South America last dec. 7. He said the marijuana was transferred to the yacht fish water Iii off figure eight Island near Here. He said the marijuana was taken to a House on Gate Island and later transported out of North Carolina. Drug from Page i a Hoffecker. 30. Dover. Deputy Delaware atty. Gen. Joseph a. Hurley called the murder spree a a systematic killing of Hoffecker was arrested dec. 19 on charges of Selling heroin. He was to appear in court today for a probation violation hearing which could have ended in his being sent to prison for revocation of his probation for a 1971 drug conviction. Hurley said two of the dead had been scheduled to be witnesses against Hoffecker in an upcoming drug Case and that Only hours before the killings Hoffecker had purchased a Box of handgun ammunition. A the knew everybody he j shot a said state police spokesman Angelo t. Citro. The shootings began when Hoffecker went to the Dover Home of Glen Chemielewski. Police said Hoffecker opened fire injuring Chemielewski and killing John Pappas 29, of Wyoming del., and Shirley f. Haggerty 34, of Dover. Police said he drove to another Dover Home where he took mrs Richard Katcher 25, As a hostage and then drove South to Camden del., where he killed Mark Lovelace 21. Lovelace and Pappas had been scheduled to appear As witnesses against Hoffecker Hurley said. Hoffecker a car was spotted by state police near Middletown and he was pursued by police until his car skidded out of control and into a Field. Delaware state trooper Billy Reep was shot in the shoulder during the Chase and was wounded slightly. Police said mrs. Katcher told them Hoffecker had shot her and Barbara Johnson. 19. The Johnson woman found in the car used by Hoffecker was identified by police As Hoffecker a girl Friend. But they said they did not know when she joined Hoffecker in the incident. Mrs. Katcher was listed in Lair condition. Crosby cheerful despite illness Burlingame Calif. Api a Singer Bing Crosby in satisfactory condition at a Hospital Here is suffering from pneumonia that has caused an abscess in his left lung his doctor says or. Stanley m. Hanfling Crosby a family physician said doctors Are trying to determine the exact nature of the organism that has caused the lesion which he called a common result of pneumonia. The 69-year-old entertainer was cheerful despite a fever of about too degrees and Moder la Chat a in Chicago a a 1971 White House investigation disclosed that top military men conducted a Campaign of spying and eavesdropping on Henry a. Kissinger the Chicago Tribune said in its Friday editions. The Tribune said the investigation turreted up evidence that a spy in Kissinger a National Security Council office passed top secret information to the joint chiefs of staff including the chairman adm. Thomas h. Moorer. The White House investigation was carried out by the White House plumbers unit and is the a National Security mat term frequently cited by president Nixon As his reason for setting up the unit the newspaper said. The Tribune said White House special counsel j. Fred Buzhardt said the Story contained a a fundamental but it said he said no Story a can be totally accurate on this the newspaper said sources who told of the investigation were unable to produce any proof that Moorer was personally involved in the alleged spying Campaign. But it said the probe resulted in a informal allegations against him. Socialist Paradise has aesthetic slump Moscow a pravda noted a serious concerns in its Lead editorial today about the Lack of a new genuinely mass it sharply attacked a tasteless imitations of Western Folk songs which Are in circulation and complained about too much a false pathos or Sweet sentimentality in current russian hits. Songs Are a major key in a forming a feeling of soviet patriotism a the communist party paper said. A it is difficult to overestimate the role of songs in the Ide aesthetic education of the what pravda is looking for is a Catchy Melody for a use in civic demonstrations and in tight Friendly circles around the paper was also worried about the state of Ballet and opera. The nation s Heaters a desperately need new operas whose musical speech would be up to it said. While Steps have been taken to improve Ballet a composers should Deal More courageously with modern themes Deal More actively with stones of human beings of our Days a pravda said. At least one military officer assigned to Kissinger a staff was accused of being a a spy for the joint chiefs and lost his Job the Tribune said. It said that a former military official with knowledge of the investigation said military men including Moorer were disturbed by Kissinger a secret diplomacy and the Way he bypassed them with intelligence info nation. Vega from Page i a Are plenty of Standard size cars for Sale but few buyers. Used car dealers say they can to get enough Small cars to meet consumer demand. The Survey showed that at some used car auctions the wholesale Price of a Standard �?T72 Impala has dropped from $3,100 in january 1973 to about $1,550 now. But the value of subcompact has increased even though they Are a year older dealers said. Used cars normally depreciate several Hundred dollars each year. I next took my Impala to Buff Whelan Chevrolet and Salesman Fred Elias offered $1,700 for it. Saying a the big car Market is terrible. The shocker came at Jerome Duncan Ford. Salesman Paul Miller said he could give about $1,400 for the Impala and did t bother to have it appraised. Later Salesman Jay Scherr offered $1,500 for the Vega after an appraisal. Meet mtr a Honor meat Robert la Holden. He mild in lots of people have All they need for Success they just never get around to putting it together. Our Quot Honor agent figures that a Why our total Way of life concept of insurance planning has had some unexpected by products. When a Man thinks Long enough about what makes him tick he helps us create an insurance program that s uniquely his own. And at the same time he winds up with a new understanding of himself. Let total Way of life wrap up your future. And give you a new zest for living. See the Man from Independent life. Or perhaps you a like to make a career of helping people help themselves. Ask our Quot Honor agent or his manager about the opportunities we have available right now. La h. Fairchild manager Winston Salem District 5 11 k s. Stratford rd., suite 510/telephone 755 8877 ass life Home office Jacksonville. Honda % i i i

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