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High Point Enterprise in High Point, North Carolina

23 Jan 1974

Page 1

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Jan 23, 1974

Page

1

Stock Market Edges Up Amid Drift After Optimistic Outlook

The New York market held modest gains as the Dow rose 2.69 at noon, with advances over declines 7 to 4 on the NYSE. Analysts cited optimism for an early end to the oil embargo and a possible technical rebound, while Teleprompter slid 1% to 6% amid regulatory signals. Exxon climbed after strong profits, and Goodyear, GM, and Winnebago posted gains in active trading.

MENTIONED IN THIS ARTICLE

New York New York Stock Exchange Dow William Nelson Moody’s Investors Service Teleprompter American Stock Exchange SiBrand Kayser R Kennecott Kerrs AG Cessna Koppis Stevens Chris Cratt Kresges Kroger SyskronDon LearSie Texacol Comsat Textro Cam Airlin Todd Shipyd Aba VAL Inc Ava Marcor UMC Ind Cork MartMal CrZell MeadCp Deerel Melly Sh Merck Iss del Matl MGM Deltaair Microdot US Tnd Va Dennys US Steel DillonCorp Disney UV India Varian MorNar Dresser Vaepwlla duPont Wachova Bae Whittaker Fanstel ZaleCorp Associated Press Fednam Fedost MoStPw Northropt Firestone FdFair AO Industa & V6 Bae Fe Owen S Gamskl Wa Gannett PacPetr GenDynam GenEtt Saha Brewer Huttes Goil Genesconic Ibye Lennaoil Gerberl Pfizer FedResrees la Giant Goodyrtr Greyholds Bamary Grumm Pat Gulf Swansata Hecia Ralston P Hercules Ranco Herbleint Raythen Medenca RdgBate Ata Sti NorCdn Oils Woul Reyind Howmet Gare Idaho Ozark Phoenix Ingerr Ss — Reserve OG InlandStiza Stathamins T&t Scoaind Jinan Searleg Va Vlncorp Sears ShellOit WestatsPil Wilshro
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Dow Jones Dividend Codes and Explanations

The table notes unofficial sales figures and defines dividend rates as annual disbursements from the last quarterly or semi annual declaration. Footnotes explain regular, special, stock, liquidating, in arrears, omitted or deferred actions, ex rights and warrants, foreign issues, and bankruptcy occurrences among various dividend classifications.

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Pentagon Seeks Economy by Cutting Military Bases

Defense officials say the Pentagon plans base closures to cut costs. Adm. Welander, liaison to the joint chiefs at the NSC, declined further comment on ongoing inquiries. The United States offers to help disengage forces between Syria and Israel as relations improve. Jonathan Bates, a 32 year old New Yorker, is slated for release in Syria on espionage charges. The Soviet Union is credited with aiding the Geneva talks between Egypt and Israel, while energy policy sparks friction with France.

MENTIONED IN THIS ARTICLE

Soviet Union Egypt Israel France Associated Press Pentagon Armed Services United States
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Watergate scandal figures and energy policy clash

The report details March 1973 discussions linking the Watergate cover up to hush money efforts, executive clemency for E. Howard Hunt, and a plan to raise $1 million. It also covers Congressional disputes over energy policy, oil company profits, and potential base closures amid a looming defense budget surge.

MENTIONED IN THIS ARTICLE

Dean Liddy E. Howard Hunt White House
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Exxon earnings rise as prices lift 1973 fuel sales

Exxon reports 1973 sales of gasoline and natural gas up slightly, with U S earnings from petroleum and natural gas operations climbing 16 percent to 833 million on a 14.1 percent sales gain. Company cites higher costs offsetting profit from expanded sales amid the late year price surge. Cities Service Co. also notes a sharp rise in fourth quarter profits versus 1972.

MENTIONED IN THIS ARTICLE

Jamieson Exxon United States Cities Service Co
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Tax Cut Passage Again Faces House Democrats

The North Carolina House faces another vote on a 50.9 million tax reduction package opposed by Gov. Jim Hoishouser. The Finance Committee reported the measure favorably 33-15 after earlier 44-2 approval, with a previous defeat overturned by a coalition. Provisions cut income tax for the first 2000 to 2 percent, raise senior exemptions from 2000 to 3000, and grant a 20 percent inventory tax credit for manufacturers and retailers, increasing to 100 percent over time.

MENTIONED IN THIS ARTICLE

Noel Yancey Associated Press Raleigh House Jim Hoishouser House Finance Committee General Assembly
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Also Mentioned on This Page

Stock Market Report AeinalteCz Airco Arizona Pat Alcanatut AllisChal Alcoa Hess AmCan AmpexCorp Babckw Bentika Benguet Bethsti Bosing Boise Cas Borden BuddCo Bulovaw Cece Cadenceind L—Stock Index A.P. Stock Associated Prast Market Ind. Ralls Util Dow-Jones Associated Preas Tyats” ‘Inc ST SV Aon Munch High Point Enterprise THE High Point Enterprise, Inc Church Avenue High Point W.C Carriar N.C Ward-Griffith Company National Advertising Representatives Freds. Hoffman Washington (Ap Scott Senate Russell B. Long D-La Nixon Long Jackson Exxon’s North Carolina Democratic House Piedmont
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