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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 31, 1975
Page
1
The Dow Jones industrial average rose 3.92 to 835.58 as stocks gained broadbased on improving economic signals. NYSE leaders included Southern Co down 4% with a large block traded, Xerox up 1.5% amid FTC antitrust news, and Continental Oil up 1.44% after Dubai production restart.
Unofficial equity data notes explain that dividend rates in the table reflect annual disbursements from last declarations unless stated. The document defines lettered footnotes such as a through y for special dividends, stock dividends, liquidations, prior periods, and other conditions including ex divident and stock rights terms.
The AP reports a chaotic snapshot of noon prices across many equities on the New York Stock Exchange. Listings include AbbLab, ACF, AmEIPw, AHome, AmHosp, AmMotors, Alcoa, Ampex, Anacond, AtlasCorp, Avnetinc, AvonPd, AllisCha, Bell How, Boeing, BulovaW, Burlind, Bru...
The High Point Enterprise establishes its daily and Sunday publication details and subscription prices. Carrier and mail options list rates for 6 months, 3 months, and yearly terms, with distinctions for North Carolina delivery and Sunday editions. Includes notice of Associated Press rights and postal classifications.
AP reports a Raleigh trial scene where fingerprint expert Danny Respass testified an icepick found in jailer Clarence Alligood’s hand was handled by Respass and Beaufort County deputy Willis Peachy before examination. The defense contests the sufficiency of the state case as ministers protest Miss Little’s prosecution.
In Tampa Florida six men and six women on the jury in the bribery conspiracy case of former Senator Edward J Gurney and three codefendants spent 17 hours deliberating over count seven not involving Gurney. Judge Ben Krentzman noted the stalemate after a three day session without a verdict and the panel recessed to await further guidance as attorneys sought wording for an answer. The defendants include ex aide Joseph Bastien and ex FHA officials K Wayne Swiger and Ralph Krentz.
A Viscount jet of Far Eastern Air Transport crashed at Taipei airport during heavy rain, killing 26 people including two Americans listed on the manifest. Pilot Tsiang Cho-chin died. the aircraft broke into three sections after skidding off the runway while attempting a second landing. Authorities sealed the scene and hospital victims were treated.
NEW DELHI AP The Maharani of Jaipur Gayatri Devi 56 was arrested in New Delhi on charges of violating foreign exchange and smuggling laws and jailed in Tihar. Parliament was briefed as she became the first MP detained on non political charges since Indira Gandhi’s emergency declared last month. Police had uncovered more than 17 million dollars in gold silver and jewels from Jaipur palaces and family homes weeks earlier.
Detroit AP reports Chrysler Corp aims to revamp its U S car lineup by 1980 spending 1.5 billion on a program that scales down intermediate and fullsize models and adds a front wheel drive subcompact. President Riccardo sees a return to profitability in Q4 despite projected third quarter losses exceeding 58.7 million, as GM and Ford also invest to shrink their cars.
Business leaders examine an administration plan phasing in a dividend deduction for corporations over six years starting 1977, with an estimated net corporate tax cut near 2.5 billion dollars in year one and about 1 billion dollars annually thereafter. Simon argues that double taxation of dividends is inequitable as other income is taxed once, noting many major trading partners have moved to reduce or eliminate the double tax.
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