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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 25, 1975
Page
1
The Dow dips 5.16 to 835.11 as fears of higher rates grow with Fed money supply data. IBM and other glamour issues lead losses while banks raise prime rates to 7.42 percent. American Maize Products climbs on strong Q2 earnings.
New York stock quotations at noon reveal broad activity with Gains in some groups while Industrials and techs show uneven results. Notable movements include Coca Cola, IBM, and General Electric among many listed firms, as investors weigh earnings, dividends, and market rumors.
An establish ed independent paper based in High Point North Carolina outlines subscription rates and delivery terms. The notice includes monthly and annual pricing for daily and Sunday editions, advertising representations, and carrier distribution information. It also states copyright terms and AP news use, with disclaimers about delivery segments and local office address.
Robert Rebstock 23 of San Marino tells AP he was grabbed and lifted from a boat by a white shark while diving off Pt Conception with his brother Scott and two roommates. He suffered facial lacerations and puncture wounds, describing the bite as more mouthing than chomping.
In Raleigh AP coverage, attorneys seek to suppress prosecution evidence in Joan Little first degree murder trial. A third alternate juror, Mary Mallory, a Raleigh museum security officer, was seated amid ongoing defense motions. The defense contends seizure of Little’s health records was a general search and questions a polygraph led to a plea-bargain offer, while prosecutors deny dropping charges.
One person died and four injured after a high speed chase on NC 1277 south of Taylorsville. Deputy Larry Eider, 32, hospitalized, was injured when his cruiser collided with a car driven by Glenn Morrison, who faces reckless driving and fleeing charges. Holsclaw, 19, of Lenoir, died. Three passengers in Morrison’s car were injured.
Report sketches India under Mrs Gandhi with plans to nationalize the press and limit outlets. It notes skepticism of economic program success and ongoing price shifts as released goods dwindle. An anticorruption raid found undeclared wealth at a jeweler, later settled with the squad.
Miami AP reports a tropical low mood in the 1975 season near 29.0N 74.5W about 425 miles southeast of Wilmington. Forecasters expect possible upgrade to tropical storm within 24 hours with 35 mph winds and threatening Georgia and Carolina coasts this weekend. No land warning issued. season’s first depression became Hurricane Amy, dissipating off Nova Scotia after causing flooding.
Greensboro AP says IRS reports most North Carolinians received federal tax rebates. About 1.6 million residents got $181.3 million in rebates, averaging $118 each. Many unprocessed rebates related to returns needing adjustments or filed after April 15.
Sheriff E Y Ponder and Madison County deputies raided three farms uprooting 2260 marijuana plants ranging 2 to 12 feet tall. Estimated value 65000 to 75000 dollars. Eleven patches on farms in Lower Spring Creek and Lower and Upper Roaring Fork. Players to be charged include three to seven suspects. Confiscated plants stored in Marshall county jail.
Senator Jesse Helms criticizes President Ford for keeping Vice President Nelson Rockefeller on the ticket, saying it would be a serious error. The statement reflects intra party tension in Washington as the 1976 campaign outlook unfolds.
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