Market drifts lower as traders await oil boycott news
The Dow fell to 850.71 at noon, down 2.90, with advances and declines nearly even on the NYSE. Analysts note the January market shows only marginal movement and expect continued drift until new developments spark a rally or further selloff.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Lucien Hooper
E. Hutton & Co
American Stock Exchange
Colonial Penn Group
LTV
Eastman Kodak
American Smelting
Sony
High Point Enterprise date and stock page fragment
A fragment from The High Point Enterprise shows a long stock table with numerous company names, bid and ask prices, and percentage changes. The page includes classified-like financial data from the American Stock Exchange and notes about dividends and financial footnotes.
Brezhnev Opens Cuban Visit With Mass Rally in Havana
Soviet party chief Leonid Brezhnev arrives in Havana to address Cubans at a Plaza de la Revolucion rally. He is to meet Fidel Castro and discuss Cuba U S relations while touring provinces. Brezhnev sends greetings to President Nixon as his weeklong visit begins.
MENTIONED IN THIS ARTICLE
Ike. Flores
Associated Press
MIAMI
Leonid I
Brezhnev
Havana
Fidel Castro
Plaza de la Revolucion
Andrei A. Gromyko
Castro
United States
Cuba
Kremlin
Alexei N. Kosygin
Caribbean
Jose Marti International
Moscow
Osvaldo Corticos
Rationing debates hinge on windfall tax and price caps
Capitol Hill battles over a new oil bill intensify as Nelson opposes windfall profits tax and clean air suspensions. Sawhill calls for oil price caps between six and eight dollars a barrel to prevent Arab-market alignment. Justice Douglas accuses oil firms of fueling the crisis via a fuel monopoly with bureaucratic aid.
MENTIONED IN THIS ARTICLE
Nelson
Jackson
Congress
Capitol Hill
John Sawhill
Federal Energy Office
Sawhill
Federal Energy
William E. Simon
Senate
Simon
Supreme Court
William O. Douglas
University of Mississippi
Douglas
Violence Marks Protest Again
The Associated Press reports escalating violence as independent truckers extend a nationwide protest into its eighth day along northeastern Ohio highways. Two shootings reported. beatings and threats cited in Ohio and Pennsylvania. Arrests made in East Liverpool and Vermilion, Ohio. Shutdown began Jan. 20 with about 300 drivers. Protest seeks lower diesel prices and higher freight rates amid cost pressures.
MENTIONED IN THIS ARTICLE
Associated Press
Ohio
Pennsylvania
Washington, D.C
W.J. Use
Terminal Transportation Co
Akron
East Liverpool
Vermilion
Liverpool
Nixon to send 100 page domestic policy statement
President Nixon will deliver his State of the Union address Wednesday before a joint session of Congress. A nearly 100 page written policy statement will accompany the speech, with networks providing a Friday Democratic response featuring Senate Majority Leader Mike Mansfield and a news panel.
MENTIONED IN THIS ARTICLE
Washington
Congress
Nixon
Gerald L. Warren
Warren
New York
CBS
NBC
ABC
Democratic Party
Mike Mansfield
Dmont
Senate
Democratic National Committee
Nixon budget proposes 7 percent pay hikes for top officials
Washington AP President Nixon’s fiscal 1975 budget includes 7 percent raises for congressmen cabinet members and top federal administrators surpassing Cost of Living Council guidelines. Cabinet officers would gain about 4000 this year with further increases in 1975 1976. congressmen about 3500 lifting near 46000.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Congress
Capitol Hill
Over-The-Counter NASD Bid-Asked Quotes Report
Inter-dealer prices as of about 11 a.m. are quoted by BE F Hutton via High Point office. Markets change through the day and prices exclude retail markups, markdowns, or commissions.
MENTIONED IN THIS ARTICLE
Cartier
Weard-Griffith Company
National Advertising
Este Ne Ea
High Point
BE. F. Hutton & Co. Inc
Workers For State Want 10 Per Cent Raise
Raleigh AP state employee groups press for a 10 percent across the board pay raise for 65 000 members, double the Advisory Budget Commission's 1974 75 recommendation, saying it would barely cover a year's cost of living rise. They also seek increases in mileage allowances from 11 to 15 cents per mile for privately owned vehicles used on state business.
MENTIONED IN THIS ARTICLE
SouthCot
StBrandi
Kerrmg
Stevens
As Ates Cacacol
Vila
Thiokol
Wat
Comsat
Corp
Timkai
Wlao Va
LukensSil
Sam Va
Lvocorp
Transam
UMC Ind
Magnvox
Unitect
Ste
Va Marcor
Ta Cpc
Vaocall
CrauHin
Aia
Eae CrownCarkz
Dartind
Merck
del Matt
Bam Va
Delta Air
Pwl
MiFuell
MtStTell
Wuniont
Nabisco
EastairLin
Eipaso
NatOisti
Tova
EltraCp
NatFvet
Whittaker
Emere
NatGyp
William$Co
Esmark
Watind
Ava
Nt Steel
Essrint
Asta i
Winnebago
Usia
NatfFea & di
Ft Nalomas
Zale Corp
FaiCam
New York
Associated Press
Exchange
NorfikWns
Feddstt
Wits
Asbilblw
Firestone
Zia
Northrop
Admiral
Norton
Norsim
Airco BO
da Bet We
AllegCp
FdFair
OlinCorp
Ve. Frnkin M
Owen Ca
GamSki
Va Gannett
GenDynam
Gticelib
Lea
PennCent
AmStand
AvcoCorp
Gipwindwt
Harburt
Sha. Balge
Questor
Hercules
Heudlein
Raythen
Hoernch
Rcal Bas
Ya Bendix
Holdylan
Tate
Bam Ve Bentipl
HollySugle
ReadyCo
Va Benguet
Romestkla
Bethsi
Hongwil
RepSti
Boeing
ReynMat
Waar Bordenl
bin Dat Ve. Brgwarl
Idaho
Royldz
BuddCo
Ingerr
Bila RydrSys
BunkrRadd
BurlNor
Jawa
Wwekcorp
CarrCp
JhnManl
We SeaCili
Sda
JorLaul
aSla
Jossens
Witat
JoyMigl
Kais&lu
Raleigh
Advisory Budget Commission
Emmett W. Burden
North Carolina State Employes Association
Burden
Floyd J. Bass
North Carolina
Burns Renominated Fed Chair By Nixon For Four Years
Washington AP report states President Nixon designates Arthur F. Burns to chair the Federal Reserve for another four years. Burns, serving on the Fed board for fourteen years, was first named by Nixon on January 31 1979 and will continue his term through 1964.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Arthur F. Burns
Federal Reserve System
Burns
Fed
Board of Governor's
Kissinger Halts Mexican Resort Vacation Plans
Secretary of State Henry Kissinger appears to have scrubbed a planned week in Acapulco Mexico after a likely trip to Panama around February 7 to sign a declaration of principles for the Panama Canal operation.
MENTIONED IN THIS ARTICLE
Washington
Henry A. Kissinger
Acapulco
Panama
Panama Canal
Commission urges pay change to keep citizen legislators
An interim Study commission chaired by H Pat Taylor recommends a new legislative pay scale to preserve citizen lawmakers. The plan pays 1500 per month for the first four months of each biennium and 100 per month thereafter, aiming to limit sessions to the high paid months and reduce conflicts of interest. Taylor argues higher pay does not attract different professionals and that legislators represent voter attitudes even if they hold other jobs.
MENTIONED IN THIS ARTICLE
Wadesboro
H. Pat Taylor
House
Senate
Taylor
Also Mentioned on This Page
Stock Market Report
High Point Enterprise
High Point Enterprise, Inc
Church Avenue
N.C
Asamerao
BanstrCult
Barnes Eng
CertronCp
Cinerama
GixdynCor
EssexChem
Ale InstrumSys
Latay Radio
Lattaur
LeeEntr
Loew Thewt
Ltvcorpwi
Marshalindg
Medenco
Newidrat
Newpark R
OKC Cpt
Ozark Airlin
Phoenixsil
Jin
ScurryRainlid Va Rye
Desige
Nosa
Dow-Jones
A.P. Stock
Wateow
Ghey Associated Press
Ind Unt
Lyd
Retchange
Eens Arenee
President
Federal Pay Commission
White House
American Furn
Anheuser-Busch
Atlantic Pepsie
Bassett Furn
Bluefield Supply
Cameron Fin Corp
Chatham Mtg
Coca Cola Bil. Con
Daniel Intl. Com
D-head Corp
Henredon
Hickory Furn
J.B. Ivey
Life of Carolina
Kissinger
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