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High Point Enterprise in High Point, North Carolina

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Jul 22, 1974

Page

1

Market slips as investors weigh borrowing costs and Cyprus

In a slow session the Dow dipped 3.83 to 784.11 as losses edged gains on the NYSE. AT&T traded most actively, Exxon rose after a strong quarterly report, Koehring fell after omitting its dividend, Mountain Fuel climbed, and Utah PSC allowed fuel separate operations for rate tests. Composite index eased 0.18 to 43.56 while gold stocks cooled after last week’s gains.

NEW York New York Stock Exchange American Telephone & Telegraph American Stock Exchange Exxon Koehring Utah Public Service Commission NYSE Yellowknife Mines Amex

New York Stock Exchange 1978 market snapshot overview

New York noon stock table from AP shows prices and percent changes for many firms across industries led by major names such as Textron Coca Cola Co and General Electric. The page lists bid ask high low and percent changes with numerous company tickers including RCA RCA and Goodyear plus industry indices and notes on dividends and ex-dividend events.

Nixon would defy court over Amchitka blast in 1971

Time magazine quotes John W. Dean III that President Nixon stood ready to defy the Supreme Court in 1971 if it ruled against the atomic test at Amchitka Island. Dean says Nixon planned to explain the action as vital to U S military positioning against Russia, with others prepared to act if the ruling differed.

New York Time Magazine John W. Dean III Nixon U.S. Supreme Court High Court Amchitka Island Aleutian Alaska Dean White House Supreme Court Amchitka United States Russia

Thurmond Pressure Tied To Arnett Dismissal

Alvin J. Arnett says three weeks before his firing Sen Strom Thurmond pressed the White House for his removal. He cites Dean Burch relaying Thurmond's demand. Arnett was fired last Thursday as OEO director after opposing Nixon’s plan to phase out the agency. Thurmond denied pressuring over Marcy Corp. funding. White House spokesman said Arnett was not discussed in relation to that project.

Atlanta, Ga Alvin J. Arnett Office of Economic Opportunity Strom Thurmond White House Arnett Dean Burch Thurmond Burch Nixon OEO Atlanta Journal-Constitution Marcy Corp James E. Timmons Jr South Carolina Jim Timmons Republican Sunny Marcy Grant San Clemente Calif Gerald L. Warren Atty Elliot L. Richardson Archibald Cox Cox Flowers McClory Judiciary Committee Wiggins

Eastern Leaf Prices Open At 82 85 Cents

North Carolina tobacco warehouses in 23 eastern and sandhills cities opened 16 week sales with early prices averaging 82 to 85 cents per pound. First primings from lower stalks and lower nicotene content fetched mostly 84.50 per hundred pounds at Wilson and 82 per hundred at Rocky Mount, with some rows reaching 90 or more. Governors, farmers, and warehouse managers eyed openings as prices varied by market from Dunn to Greenville and Goldsboro.

Raleigh N.C Sandhills Georgia-Florida Rocky Mount Jim Holfhouser Wilson Holfhouser Farmers Cooperative Clifford B. Aycock Kenly Dunn Greenville

Ford to raise 1975 model prices about 8 percent

Ford Motor Co says the price rise will average 8 percent on 1975 models when new Fords go on sale this fall. The increase would add about $200 to $800 per vehicle, averaging roughly $420, with distribution among models not specified. Ford cited rising costs and said pricing restraint remains, though some costs must be offset.

Detroit Ford Motor Co Ford W.J. Oben General Motors U.S Chrysler

Ford Tops Contender Survey in Gallup Poll

Princeton AP report shows Gerald Ford leading the 1976 Republican nomination race with 27 percent of Republican support and 20 percent of independents. Barry Goldwater Reagan tie at 16 percent among Republicans, Rockefeller 12 percent. independents split with Ford 20 percent, Reagan and Rockefeller 13 percent, Goldwater 11 percent. Poll of 1,509 adults conducted July 1-2. The piece also covers auto pricing trends and ongoing impeachment discussion regarding Nixon.

Princeton N.J Gerald R. Ford Ford Barry Goldwater Arizona California Ronald Reagan New York Nelson Rockefeller Reagan Rockefeller Goldwater Gallup

TV QUESTION AND IMPEACHMENT DISCUSSIONS ON CAPITOL HILL

The article notes four committee members rejecting Ziegler’s charge of a kangaroo court as Watergate coverage continues. Time Magazine reports 26 to 12 leaning toward impeachment with Republicans split. Rabbi Baruch Korff announces a three day Capitol vigil with fasting to support the president and constitutional government.

Ment House Ziegler Time Magazine Time Baruch Korff Capitol Steps Congress of the United States

Nixon Daughter Seeks to Calm Backlash Over Impeachment

Los Angeles AP reports Tricia Cox, daughter of President Nixon, expresses disbelief at House Judiciary Committee backing impeachment. She blames jealousy from those in power, says the nation stands for justice, and questions whether the committee will adopt impeachment after reviewing the evidence.

Los Angeles Nixon Tricia Cox House Judiciary Committee

Fighting Around Kyrenia as Cease Fire Approaches

From Kyrenia in northern Cyprus three hours before the cease-fire, heavy fighting raged as Turkish jets bombed Greek Cypriot positions while Greek artillery shelled from mountain ridges. AP photographer Roque reported two Turkish destroyers bombarding Kyrenia port as Turkey and the Greek junta announced agreement to the cease-fire.

Kyrenia Jensen Paul Roque Nicosia Turkey

Gurney Considers Renomination Amid Indictment

In Cocoa Beach Florida Senator Edward J. Gurney who faces a federal indictment says he will decide this week whether to seek renomination in the Republican primary. He notes a likely primary win but questions general election prospects while defending his innocence on charges tied to a $233000 secret fund from builders seeking FHA influence.

Cocoa Beach Fla Edward J. Gurney Gurney Senate Watergate Committee Federal Housing Administration

Fulltime Prosecutor Prospects Dim in Watergate Debate

Associated Press reports dim prospects for a permanent special prosecutor as Senate hearings on two bills failed to win support. Testifiers included Archibald Cox, Ramsey Clark, and Nicholas deB. Katzenbach who argued against diluting executive accountability and questioned constitutionality. Critics feared a permanent office could undermine independence and oversight of government.

Washington Senate Watergate Committee Senate Judiciary Subcommittee Archibald Cox Nixon Attys Ramsey Clark Nicholas Deb. Katzenbach Cox Watergate Committee Senate Judicial Branch Judiciary Subcommittee J. Ervin Jr DN. C Justice Department Kennedy Supreme Court Arthur Goldberg Atty Richard G. ‘Kreindienst Robert G. Dixon Office of Legal Counsel Burke Marshall Yale Law School

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