High Point Enterprise Newspaper Archives Jan 30 1974, Page 2

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High Point Enterprise (Newspaper) - January 30, 1974, High Point, North Carolina 2a High Point Enterprise wednesday january 30,1974 business and financial news Stock Market report new York a the Stock Market remained higher today but seemed to be losing some of its Sharp Early gains. The Dow Jones average of 30 industrials at noon was up 6.61 at 858 93, while advances led declines on the new York Stock Exchange by 2 to i. Earlier the Dow was up Over nine Points. Quot the Market is reacting to a few hopeful said Robert Stovall analyst with Reynolds securities. Inc. He cited rumours of a possible easing of the Oil embargo by the saudi arabians and Hope of some positive news from president Nixon when he delivers his state of the Union address tonight Strong fourth Quarter earnings that Quot continue to exceed the most sanguine estimates Quot also Are buying the Market. He added on the american Stock Exchange. The Market value Index at noon was up .33 to 97 16. While the nose composite Index was up 41 to 51 74 other big Board prices included american Standard up it to 12s after a 485,800-share Block traded at 122. Up Bausch Tomb. Up2�?~� to 447� american motors Down 3s to 12u Chrysler up to 16v, and Bethlehem steel which reported higher earnings Down a to 34 v carop1&0 i is cerrcp.s2 9 s3 cart a 40a 13 30 cattle 40b t 3s Cater Tri m3 13 10s ceiao�e2 6 la Ceney i be m to 34 be nowt 12 am Cerr Cpl Cert teed 40 Celina to chm Plant a Chenica 40 chipneut2 Chris Craft Chry ill 40 Cit fin2.20 to citie�sv2 20 to to 3 to 12 3 33? to 52 Clarke i s2 incl we 11 la 2 3? to Cec acol i to 34 Coig pal 54 lbs 44 co Gail Combe i is com sol 40 come 2 30 com tat 80 Concilio conf Del 35 Congi to Cornu pow 2 cont Airun 42 Cut can i 40 i 22 is 74 4vi 40 31 ish 17 14h 14 144 17% is 4 32 34 17h 41h is 404 33 22 ish 7h he san ooh is us 14 ish 14h he 574 31h 34 he 4ih 544 404 32 h 22 i 1sh4 h 74 h he. 59h h 31 h 15h h 144149 h 14 4 144 h 17% h so. 32 h 34he n 41h. 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A Tsu mu14% 3ih h 42 4 la 11 a h 1va h Uva it 5h a 11 iou us 14 he u % 2> 23h Tou 20 48 a 47 13 a 13 ish ish 35 34u 12 ii ii 104 7 4 6h Tiu 219 Burl Norloso la 73 45va 45 Burgh so 33 45 la 1954 195�?T% Lac a cadence my 4 7 the 2 a h Cal Manl 5 13 4% 4u 4h a camper 50a 42 20 12 79 i0h-1h Campsall 14 35 34 34 34�?T a the High Point Enterprise established 1884 published Ireby afternoon and sunday morning an Independent newspaper published by the High Point Enterprise inc 210 Church Avenue High Point n c. 27261 member of the associated press rates by mail payable in Advance i or. 6 to. 3 to. I to. Daily and sunday $36 40 $18 20 s9.10s3.05 sunday Only si3 00 $6 50 s3 25 St.15 by Carrier wkly s.70 monthly $3.05 or. S36.40 atoll subscription in n c. Subject to 4�/o sales Fox. The associated press is entitled to the use for reproduction of Oil local news printed in this newspaper As Well As Oil a news dispatches entered As second class matter of the Post office High Point n c. Under act of March 3, 1879 second class postage paid of High Point n c. All carriers dealers ond distributors Ore Independent contractors and the High Point Enterprise inc. Is not responsible for Advance subscription payments Mode to them or their representatives. For Home delivery rate Contact your local Carrier. Ward Griffith company notional advertising representatives marring 1,12 to 16 Hertema to 4 a Etc Lam 33t 48 49 Hercules 80 is 31 heu Biel 20 16 hew pc 20 42 to Hoernel 12 i 4 Hoffe Lotrn 7 i moldy inn to 9 113 holy Bugle 5 19 Home Stela 24 92 Mony will 40 14 29 House in to i 53 Mously i 48 to i howmet.70 9 j Idaho pm 86 to ideals 80 to Lucent 30 a Imp Pam inacp2 once Inger 2 u stand St a Terik i 80a i by 4 a i thar i 50a in timer 52 is Iwnicki 20a 15 ii to Tsu 34 49% 82 35h 4 a us 149 ish sch Tou 29h ii la i 30 % 30 % la Toh ii 37 a is 79h Ash 22 101 247�?�<% 245�?T9 4 32 24u he 27 39h 39 a 84 37 h 37h 2 9 6 203 6 24 17 44 4 9 5 9 31 7u Ash 34 41u la 35h 44 13h us 83 82 Vii 29u ii 174 20 u iou 37 84 u 294 Tsu is 4 31 a 7u �?T4 to she it 344 h 49 a a a in u 3sh % 4 4�? a us i % he 844-Ih Ith h he % 29h a 134 a 30 h la. Tou. 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Superior court judge Edward Rafeedie sent the Case to the jury of seven men and five women tuesday at the conclusion of testimony in the three Day trial. Gilliam Star of the recently cancelled television series Roll out a is charged with swinging an a at head waiter Fausto Reinardo after he was told he would have to wait for a table at the lobster barrel restaurant. Gilliam testified during the trial that he never swung the a and Only brought it into the restaurant to get Reinardo s attention. Cent increase which will be reflected in february statements pending full hearings in july on its request for a i per cent hike. The company also has pending a request for permission to adjust its rates monthly to reflect rising costs of fuel. Commissioner Hugh a. Wells said tuesday the increases if allowed would boost customers monthly Bills by 40 per cent. That would make the average up a statement for homeowners move up from $18.61 to $25.05. A up a spokesman however disputed Wells reasoning. Wells said the two big rate adjustments each would add about $3 a month to a customer s Bill. The company spokes Man estimated however the monthly adjustment proposal would not Cost customers More than 50 cents in february. He said the Cost could go higher in the future. Up a has estimated that its average Price of Coal will increase from $12 a ton in 1973 to $17 a ton this year Wells said. The company faces an order from the Federal Energy office to convert most of its operations at the Sutton electric Plant near Wilmington from Oil to Coal which Wells said has been in Short Supply. Up a has asked the utilities commission to approve a proposed arrangement through which it would become a partner in a mining operation in Kentucky. The company indicated it could obtain to per cent of its current Coal needs from the mining operation. Under the proposal up a would own 75 per cent of the mining company with the remainder owned by the pickands Mather co. Of Delaware. Up a said the total Cost of the mines development would. Be $27.1 million. Representative eyes Senate Raleigh apr two term state rep. Willis Whichard. Ddurham says he will run for the seat in the state Senate being vacated by sen. Gordon Allen. A person. Random killings generate fear in san Francisco san Francisco apr police pressed a massive manhunt called Quot operation Zebra Quot through a tense and quiet City looking for at least two gunmen believed responsible for to random slayings in the past two months. The latest wave of killings came monday night when five persons were shot in a two hour period on City streets. All but one died and doctors say witness at Kent state testifies american Exchange Neh York apr american Stock e in nge selected noon prices Saim net Pema High Law last chg. 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La 7% 24 or rat pack 6 3 5 5 deserve of 15 u 7h 7 % resorts Entla 9 la 2 % 2 % is Scurry Raihle i 22% 22% Statham ins la 12 134 13v syn Tea 40 33 204 55 a 53% to us in Brandt. 14 in la 2049�?ia 3 a 19%. 22a 41 0 a to 8 a 9a a a 7h a 2% a 22% 13% 54% h by Charles r. Hornick associated press writer Cleveland. Ohio a an Ohio National guard Captain subpoenaed by a Federal grand jury investigating the 1970 Kent state University shootings told newsmen a shooting situation was developing when guardsmen opened fire. Capt. Raymond j. Srp denied that he Ever said the lives of his men were not in danger and that it Quot was not a shooting he commanded troop a 107th armoured cavalry when official Hunt for child called off Tampa Fla. A the search for missing 3-year-old Matthew aired was officially called off a sheriffs department spokesman said today. Quot we have exhausted All official searching capabilities in looking for him a the spokesman said. Quot i can to imagine what could have happened. Everyone who knew Matthew loved him a the distraught father Vernon aired said after the Federal Bureau of investigation joined the search tuesday. Nick Starnes head of the local Fri office said the investigation to determine whether Matthew was abducted would continue. The end of the official on site search Quot in no Way Means efforts Are being discontinued to locate the child a Starnes said. The boy was last seen sunday evening when he went to play outside his suburban Clair Mel City Home. Guardsmen killed four students and wounded nine on May 4, 1970, in a burst of gunfire during an Antiwar demonstration. Several of the shots came from troop a but Srp was not listed by the guard As one of those who fired. The 23-member grand jury questioned Srp about 30 minutes before adjourning tuesday and recalled him As its first witness today. A from my position i did not feel my life was in danger a Srp told newsmen tuesday. Quot because of the number of people around me and the troops i cannot speak for All the troops up on that asked if it was a shooting situation for other guardsmen As the troops confronted Rock throw my students on a Campus slope Srp replied that Quot it was developing along that he denied published reports that quoted him As saying the troops lives were not in danger Srp a unit was at the Center of guardsmen As they moved Forward to break up a demonstration by students protesting . Military involvement in Cambodia. The Lone survivor May be paralysed. Quot sure people Are afraid a police it. William o Connor said tuesday. A a if the murders had a motive a rape or robbery a it be so frightening. This is terrible. There s a lot of hate involved in these cowardly acts of going up to an isolated person and shooting police said they had no suspects and Only slim leads. They said they were working on descriptions supplied by witnesses which indicate that at least two Young Black men who alternated roles of gunman and Driver were involved. In each slaying now and last december the victim was White and was walking along a Street. The Only survivor of monday night s shootings was Roxanne Mcmillan 23. She was reported in stable but critical condition after surgery to repair damage caused by a Bullet lodged behind her heart and another which went through her liver and lung. Quot its possible that she might be paralysed a said or. . Blasdell chief of surgery at san Francisco general Hospital. Mrs. Mcmillan was shot As she helped her husband move into a new Home. Shades were drawn in the neighbourhood tuesday and some children were kept Home from school. Chief of inspectors Charles Barca said the slayings were a similar to a spurt of shootings last month in which six persons were killed and two were he said a the largest manhunt in the City a history had been launched to search for the killers. The Hunt was dubbed Quot operation Zebra because the code letter Quot a a which will be used in police radio broadcasts on the Case is the least Busy frequency. Cambodian Advance halted by insurgents by Denis Gray associated press writer phenom penh. Cambodia api a mortar and hellfire from insurgent troops stopped a government Advance at the Center of phenom Penhos Southern defense line nine Miles below the City Early today military sources reported. Government positions at the Western end of the 10-mile line also took heavy shelling and the sources said eight government troops were killed and 15 wounded in the area in the past 20 hours. Increased Khmer Rouge activity also was reported on Highway 4 to the coast which . Trains Arab pilots technicians Iva. 8 % a a 34% a 24 6h a 17 a 4% a new York j a Stock Index i new York a noon new York Stock Exchange Index Market 21 cent Index 51.74 041 Industrial .54 29 0 50 transportation 34 32 0 2a Utility 35 31 0 11 ethane 44.53 0.48 . Stock a averages Dow Jones a averages Dow Johes averages 30lndu158 93 4 41 20 transp. Ii 02 07 Hutu 4 to 041 65 stocks 272.74 1.17 Bonos 40 Bond. 73 15 0 02 to higher Grade rail. 53.65 to second Grade rail. 67 70 to Public utilities. 91 20 002 to input Rieli. 80 04 0 08 Campti by to Anaclete Praia a is is 48 in. Rail util. Stack net change.31 2 2 15 noon wed. 443 2 prey. Oay .439 4 week ago 447.5 month ago443 9 year ago.509 j 1973-74 High 532 7 1973-74 Low.405 9 1973 High.529 i 1972 low4710 a oho averages emptied by to asap Cittad Prat 28 18 18 18 18 rally in. Uhl Agit. . 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A also extra or extras by annual rata plus Stock dividend c a liquidating Divi Dande declared or paid in preceding 12 months. A declared or paid after Stock dividend or split up a declared or paid this year an accumulative Issue with dividends in arrears. No new Issue pm paid this year dividend omitted deferred or no action taken at last dividend meeting r declared or paid in preceding 12 months plus Stock dividend to paid in Stock in preceding 17 months estimated Cash value on sex dividend or Eydi Strimbu t on Date. I in sales in full. Cid called Send and sales in full. A disc sex distribution. Mrs sex rights a we without warrants. We with warrants a do Whan distributed win when issued Ndu next Day delivery. Via in bankruptcy or receivership or being reorganized under the bankruptcy act or securities assumed by such companies. To foreign Issue subject to in Terest equalization tax. Washington a Pentagon sources report that 142 Arab military pilots and technicians Are being trained in the United states. Officials said the men Are from five countries saudi Arabia Morocco Tunisia Lebanon and Jordan. Saudi Arabia the Only Oil producer among the five and a Leader in enforcing the current Oil embargo has 14 pilots and 27 technicians in training in this country sources said. Also reported in training in the United states Are 176 air crewmen and 662 technicians from Iran a nonarae country which is not taking part in the Oil embargo and remains one of this country a major Oil suppliers and arms customers. Meanwhile defense sources said there Are no israeli personnel being trained by the . Air Force although six Are learning about weapons from . Arms contractors which Supply Israel. Justice department wiretap information demanded Washington a a Senate committee is demanding reams of secret information on Justice department eavesdropping practices for the past six years. The Senate permanent investigations subcommittee is seeking details far More extensive than the department has Ever made Public about the wiretapping and bugging operations of the Fri. The request has set off departmental debate Over what information should be disclosed what should be withheld and what should be provided Only on the condition that the committee keep it secret. The subcommittee headed by sen. Henry m. Jackson d-wash., sent an 11-Page questionnaire Jan. 8 to scores of government agencies with investigative functions. But the Justice department is one of the chief targets. Jackson said at the time a we must Start by identifying isolating and eliminating All unwarranted surveillance activities by the Gove nunsent itself. The civil liberties of All our citizens Are at the committee and the department have not disclosed the Content of the questionnaire but a copy was obtained by the associated press. The 11-Page document asks for the names of All targets of wiretapping bugging or other eavesdropping from Jan. I 1968, to the present. It asks for the dates of All attempted and actual eavesdropping and for the names addresses and vocations of All persons whose conversations were overheard. The subcommittee demands Quot the precise Legal authority warranting such activity in each Case and also asks if the eavesdropping was conducted for criminal Law enforcement National Security or other specific purposes. The questionnaire asks who authorized each eavesdropping incident and what Legal authority he had the insurgents Cut again several weeks ago and on Highway i Southeast of phenom penh. Phenom penh itself was free of Khmer Rouge shelling tuesday night for the third straight night. Prior to the setup 152 persons were killed in almost daily mortar and artillery attacks that began on dec. 23. In Saigon the South vietnamese command reported More North vietnamese and Viet Cong attacks on government positions 30 Miles Northwest of Saigon. It said both attacks were driven Back with 55 of the attackers and 13 government troops killed. Sex police sentenced for theft Charlotte a five former Charlotte policemen were sentenced tuesday to six Rno nth jail terms after pleading no contest to a total of 14 counts of Petty theft from local businesses. An immediate Appeal was filed sending their cases to Superior court for trial. In addition they waived a preliminary hearing on 15 felony counts involving store breaking sending these charges to Superior court also. The accused men Are Vincent Giansante 26 Robert w. Helms 23 John r. Greene Iii 23 Kenneth Marvin Smith 24 and Hubert Ward Bruce 29. They resigned irom the police Force Early this month after being charged following an investigation conducted within the department. Murray from Page i a Ades. He handled publicity for xxx on a first congressional Campaign in 1946, and was his state Campaign manager four years later when Nixon won election to the Senate from California. When Nixon ran for vice president in 1952, Chotiner served As his National Campaign manager. And in 1968 he was a special assistant to the manager of Nixon a presidential bid

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