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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 25, 1977
Page
2
The Dow rose about one point as gainers edged losers 4-3 among NYSE issues. IBM raised its quarterly dividend to 2.50 while Ford cut prices on small cars and fell to 59 percent. Dow at 963.60, volume 22.89 million, NYSE composite down 0.01, American Stock Exchange index up 0.32.
A scanned page shows a dense list of stock symbols and prices with no clear narrative. The material includes company abbreviations, percentages, and numeric values likely from market data or a stock table, followed by boilerplate newspaper masthead and subscription information.
An audit by Booz Allen Hamilton for the North Carolina Utilities Commission concludes Duke Power Co and Carolina Power and Light Co operate cost efficiently. It flags management planning, field crew control, and organizational changes as key improvement areas to meet future needs.
President Carter considers lifting federal price controls on natural gas to ease a severe shortage blamed for school shutdowns and as many as 500000 layoffs. Proposals may allow interstate gas price freedom and pipeline supply shifting while White House reviews potential effects on gasoline prices and refineries.
President Carter will cut the White House motor pool from 56 to 36 cars and end chauffeured rides for top aides. A car pool will be encouraged with parking privileges. Cabinet members still have limousines while staff can use White House cars with drivers. Jody Powell notes symbolism over savings and urges nationwide reductions. Powell will switch to cabs and drive a 1966 Volkswagen once retrieved.
North Carolina lawmakers start a 7.9 billion dollar budget for 1977-79 built on a growing economy. If revenues fall, the constitution requires spending cuts across the board and legislative action to adjust priorities. Budget Director John Williams notes a special session could set cut priorities.
Andre Alvin Davis, 17, a high school junior, drowned Sunday after falling through thin ice on a pond in west Charlotte. Two men attempted to rescue him but were unsuccessful, authorities said.
NBC Tonight Show host Johnny Carson and actress Elizabeth Taylor were named 1977 Man and Woman of the Year by Harvard University's Hasty Pudding Club. The award honors outstanding theater talent and artistic skill. Taylor was cited for feminine qualities and theatrical achievement.
Inmates from Cabarrus Halifax Caledonia and Triangle Correction Center recount severe overcrowding filthy conditions and rampant fights over showers debts and sexual abuse. They note limited hot water scarce supplies and dope liquor and inmate loans, with parole as the uncertain goal.
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