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High Point Enterprise in High Point, North Carolina

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This newspaper page contains 11 articles. Subscribers can read the full text of each article.

Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Jul 02, 1975

Page

1

Market Decline Follows Bank Rate Hopes

The New York stock market fell sharply as speculation swirled that New York's First National City Bank would raise its prime rate from 6% to 7% this week. The Dow dropped 10.40 to 867.02 at noon, with no advance to many leaders. Asarco led declines on the Big Board, down 4.5 points, and the American Stock Exchange index slid 0.69 to 92.55 as investors weighed higher borrowing costs and safer bonds against equities.

New York New York Stock Exchange First National City Bank Asarco American Stock Exchange International Flavors & Fragrances Signalco Wwe SingerCo AvcoCorp Asa Sa Va SidBrands Gillette StuWorl BethStiza Bengtb Bom GiobalMar BucyEriel Va Grumm Texetr BuddCo Gulfoil Bulovaw Va Textroni Thiokol Ye Burrghs ThriftOg Cadenceind Ye Harris Trans Wair ToddShipyd Heubini Sa— Hewrick Cartwall Hn Hoernw CastiCk Idahop ChrisCraft Chrysler UniTel CoigPal Comsat Jewelc Va Wachova JhnManl Byu— Va Warnerl AirLin JonnJjn Warneers ConCanl Kangell Whittaker Ray Tagg WilmsCo Va Kraffcol ZaleCorp Kresger Va Zenith Rad Va Krogerl Associated Press Delta Air Dennys Ny— Va Libbmcnl Bbia Dresser duPont Vx Easkdl LaPacif Idla Eaton LTV Corp Echlin LuckStr Va ElPasol Bi— Fairind Marcor FeddersCp MartMal McDonalds MeadCpl Formck Mately MtStTell Clude N — Commission Nabisco Aig Asias NatAir Aerotron Inc NatCan American Furniture Atlantic Pepsi Branch Corp Capri Inc Cannon Mills Newmt Ye Carmine Foods Carolina Cas Ins NL India Car. P&l Wat Charter Bancshes Com NwstAirl Va Chatham Mfg NwtfBncl Norton 1 Coca-Cola Co Consi C&s Corp S.C Ee Fidelity Corp Aegis Corp Alva Aieala FNB Catawba Asamera Banstrcti Lt PacGas We Ants Farmers New World Paccigi Ye First Union Cor Barnes Eng PacPetrl Forsyth Bank & Trust Brasen Alb BradRagan PacPwl Franklin Lite Pact Ya Genl Financial Ja Brewer PanAmair Ag Guardian Corp Aa Buttes GO Harrelson Rubber Co Hellig Meyers ChampHom PennCent Henredon Furn Cinerama Genie PennDix Hickor Furn Penney Inserment Life & Trust Pfizer Lance, Inc Wave Essex Ch Diva Va Va Lane Co. Falcons Philae Va Leggett & Platt Bio FedResrees Bu— Hs Lowe's Co Mack’s Mom & Pop's I GoldfieldCp Va Multimedia CNB Cor Ave HoustOil Uae NoWestn Utsaq Occidental Life Ins Milfel Corp Kaisrind Aom Piedmont Aviation KanebSv Sym Ve Questor Piedmont Kin ArkCrp Bk Rocky Mt Reid-Provident Labs Mfg Uw MichSugla Rex Plastics MilgoElect Salem Car Newldriam NewparkRs Big Boy NorCdnOils ReynMetia Corp Pan Ocean Ieee Ofp PhoenixSt Spartan Food Systems RathPeck Tasan Symercon Corp Resrisintia Bam Va Telerent Leas Ng Ryan Ho Ve Textile Inc Sambos Thaihimer Gros SheltRes Transco Cos Syntex SandrsAsso United Guaranty Peon Scott Pa B.B. Wether Shoes

Dividend Footnotes and Terminology in American Exchange Tables

Unofficial sales figures and dividend rates are shown as annual disbursements based on the latest quarterly or semiannual declaration unless noted. Footnotes define terms such as extra dividends, stock dividends, liquidating payments, and ex-dividend or rights indicators including symbols like x, ex-distribution, xr, ex rights, ww with warrants, and nd next day delivery statuses.

New York Stock Exchange Index Snapshot

AP reports noon stock index data from the New York Stock Exchange with figures for Industrial, Transportation, Utility and Finance sectors. A volatile session shows mixed gains and losses as markets respond to economic cues.

New York New York Stock Exchange

High Point Enterprise subscription rates and notices

High Point Enterprise lists its subscription prices for daily and Sunday combined plans including 6 month 3 month and yearly options. The notice also reiterates Associated Press rights and distribution details and advises readers to contact local carriers for rate changes.

High Point Enterprise Church High Point N.C Associated Adance Ee Associated Press AP News Ecaese, Inc HmEer Fecal Carr

Gas Up To 60 Cents Charlotte Gas Prices Climb

Gasoline rose across major oil stations with price increases up to three cents per gallon. Shell Amoco Phillips and Arco boosted by three cents, Mobil 2.5, Arco two, Texaco 1.4, effective Tuesday or today. Independent stations followed as federal officials forecast more increases this summer.

Charlotte N. C Federal Energy Shell Oil Standard Oil of Indiana Amoco Phillips Petroleum Co Clark Oil and Refining Corp Ashland Petroleum Co Mobil Oil Corp Atlantic Richfield Co Arco Texaco Inc Shell Texaco Leighton Moore Ralph Hood

Siege Ends as San Antonio Man Dies After Shootout

In a northeast San Antonio residential area police used tear gas and an armored car to end a gun battle with Robert L. Keck after Officer James Anderson was shot. Keck died from a self-inflicted gunshot while exchanging fire. authorities said the motive remains undetermined.

San Antonio Tex Robert L. Keck James Anderson Keck Anderson Tommy Henry Anton

Government Keeps Gold Price Low Through Auction

The Treasury announced a gold auction price of 165.05 per ounce, aiming to curb speculation and keep world prices below 190 level. Foreign buyers secured 308,250 ounces, but officials expect most stockpiled gold to remain in the United States. President officials: Treasury Secretary William E. Simon said more sales will occur as conditions warrant. Major bids came from Swiss Bank Corp Zurich Republic National Bank of New York and M Rothschild & Sons London.

Washington U.S Treasury Department Treasury William E. Simon Swiss Bank Corp Zurich Republic ‘National Bank. of New York M. Rothschild & Sons of London

New York City Strikes Paralyze City Services And Sanitation

A wildcat walkout by New York City sanitation workers and threats of broader action by police and firefighters cripples city operations. In Pennsylvania, 50 000 to 80 000 state workers are out, with offices in Philadelphia Harrisburg Erie and Pittsburgh understaffed.

New York City Pennsylvania Albany New York Abraham D. Beame Uniformed Sanitationmen’s Association John J. DeLury Ernest P. Kline Philadelphia Harrisburg Erie Pittsburgh

Postponement sought for joint U S Soviet space mission

Sen William Proxmire urged delaying the joint U S Soviet space mission until two orbiting Russian cosmonauts return to Earth. He cited CIA testimony declassified for the July 15 launch, quoting Carl Duckett warning Soviets may be unable to handle two missions from the command point of view. Proxmire has long opposed the mission on safety-related grounds.

Washington William Proxmire Proxmire Senate’ Appropriations National Aeronauics and Space Administration CIA Wisconsin Democrat Carl Duckett Duckett

Gurney ignored warnings about fund-raiser Williams

Former Senator Edward Gurney testified he ignored repeated warnings from attorney Edward Kohrs about Larry Williams and illicit fundraising for his campaign. Williams collected nearly $400,000 from builders for FHA influence, as Gurney faced bribery and conspiracy charges in a $233,000 slush fund case.

Pat Leisner Associated Press Tampa Fla Edward Gurney Larry Williams Gurney Edward Kohrs Williams Senate Watergate Committee Joseph Bastien K. Wayne Swiger Ralph Koontz Federal Housing Administration Grand Jury. Co Kohrs

Widow Sues Eastern Airlines Over Kennedy Crash

A New Orleans widow and her two children filed a $2 million damage suit in U.S. District Court Tuesday against Eastern Airlines, accusing negligence in the JFK Kennedy Airport crash that killed physician William D. Norman and 111 others last week. They also named the federal government and Port Authority in related claims, seeking action by air traffic control and airport operators as necessary for flight safety.

NEW York New Orleans Eastern Airlines William D. Norman U.S. District Court Eastern Stuard M. Speiser Port of New York-New Jersey Authority Port Authority Kennedy

Also Mentioned on This Page

Business and Financial News Stock Market Report Chet Carrier NEW York —Exchange Akzonai Wawrest Amax Bat Ye AmpexCorp Armcol ArmstCk Asarcol Wa Ashlill Dow-Jones NEW York —Stock Index A.P. Stock Press Ind. Ralls Uul Rails.ind. Util. Fyniva Platt Oilgram Exxon Sam Patillo Ron Helms W. K. Loren DeLury World Trade Center Uniformed Firefighters Association Patrolmen’s Benevolent
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