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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 05, 1973
Page
2
The Dow industrials fell 3.91 to 870.26 as traders waited on the sidelines. Weakness in the dollar and rising rates, plus fears about Phase 4, weighed on sentiment. Memo rex slipped 1% to 54.4 as talks of selling a majority stake swirled.
The American Stock Exchange posted noon prices for active listings with routine updates. Traders noted steady turnover and moderate demand across several sectors as the session progressed.
Quotations from the NASD via the High Point office of E. F. Hutton & Co Inc show over the counter bid-asked prices around 11 a.m. These prices are representative inter-dealer levels and do not include retail markups markdowns or commissions as markets move throughout the day.
The New York market at noon showed activity across industrials utilities and finance with mixed results. Traders watched prospects for inflation and policy as broad sectors fluctuated in a busy session.
The High Point Enterprise outlines publication details established in 1884, including address, AP membership, and subscription and carrier payment terms. It lists daily and Sunday, Sunday only, and monthly mail and carrier rates and notes sales tax and independent contractor delivery.
The report lists stock and bond averages across rails utilities industries and public utilities with noon Thursday and prior day figures. It notes changes and highs and lows for 1973 and 1972 and includes category totals for rails utilities indus and bonds with various numeric values.
Dieter Puska, a chef in Indianapolis, judged a pie baking contest that drew 231 entries for a $100 prize. After two hours of tasting many pies, Judy Harris of Indianapolis was named champion. the caterer with barbecued chicken dinners arrived for the July 4 picnic, but the chef had disappeared.
U S planes and Cambodian infantry pound insurgents who cut Phnom Penh highway routes. Rebels hold the Prey Phhau district and fortress the city outskirts. government troops retake the village marketplace amid intensive bombing. Additional clashes reported near Preah Prasap and along Highway 5 as rice supplies and mobility remain strained.
AP dispatch from Tokyo notes carnivallike campaigns in the Takashima-Daira complex as 8 million voters prepare for the July 8 Tokyo Metropolitan Assembly election. Polls show Liberal Democrats falling from 5 to around 3 seats, with Socialists and Communists rising to 61. The left threatens to gain national sway by mid-1970s, amid inflation and pollution as loud speeches and bear mascots vie for attention. Communist performance gains 39 of 491 seats in the last lower house election.
Maurice Bailey and his wife Marilyn survived 117 days adrift after their 31-foot sloop Aurelyn sank in a Pacific storm off Ecuador. Rescued by a South Korean fishing boat Wolmi they drifted about 1390 miles and received medical care aboard the vessel. They plan to reach Pusan next month as Bailey’s prior life in Derby, England ends with a new voyage.
The U S dollar slid at Frankfurt on open, trading around 2 3580 marks after 2 3725 close, pulled down by weak U S economic news and market gloom. It also weakened in Zurich and Paris while London saw a slight gain for the pound amid mixed signals and talks of a higher mark.
Al Swinney in Chattanooga taps World War II era songs by Glenn Miller, Tommy Dorsey and others for a juke box experiment. The simple play list sparked letters, calls, and visits from fans, radio stations, and even a couple planning to source old records for their own machine.
New York AP reports Gene Shalit will replace Judith Crist as film critic on NBC Today due to duplication of reviews. NBC producer Stuart Schulberg confirms the change.
A 73 year old woman, Helena Maciarek Evers, plans to fly from Durham, North Carolina to Poland to reunite with her four children whom she last saw in 1943 during World War II. Readers contributed nearly $1,200 to fund the trip after a Durham Herald report.
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