Market pauses amid mixed Dow actions and big name shares
The noon Dow Jones average fell to 851.92 as traders paused after last week’s gains. Analysts noted investors awaiting signals on lending rates and tariff shifts while profit taking cooled gains. Motorola and Texas Instruments led semiconductor declines amid tariff worries and softer orders. Airwick tumbled as Ciba-Geigy proposed to buy all outstanding Airwick stock at 12.50 a share.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Dow
Macmillan Inc
NYSE
American Stork Exchange
Semiconductor Group
Motorola
Texas Instruments
Fairchild Camera
National Semiconductor
Tariff Commission
Etan Berkson
Moody's Investors ‘Service
Airwick Industries
Ciba-Geigy Group
Airwick
High Point Enterprise Rates and Advertising Notes
The High Point Enterprise issues a detailed rate chart and advertising representation. It lists subscription prices, delivery terms, and notes on postal and tax policies. The column includes multiple footnotes defining dividend terms and stock actions for advertisers and investors.
ASCS designations to aid tobacco quota planning
New York official Graham urged farmers to register tobacco designations with the Agricultural Stabilization and Conservation Service. He said immediate quota designation would speed marketing data preparation and support orderly 1974 marketing season planning.
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Agricultural Stabilization and Conservation Service
ASCS
Graham
Farmers Must Pick Warehouse
North Carolina tobacco growers are urged to designate the warehouse for selling their 1974 flue cured leaf crop before a Friday deadline. Commissioner Jim Graham warned that those who do not designate in time will likely have a rough time selling tobacco this year.
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Raleigh
N.C
North Carolina
Jim Graham
Nixonites Rally To Capitol To Oppose Impeachment Proceedings
Washington AP reports more than 1000 Nixon supporters march toward Capitol Hill to stop impeachment. The Committee for Fairness to the Presidency plans to meet House and Senate members after a prayer breakfast and luncheon where Nixon vows he will not leave office before January 1977. He cites strong America for peace as he travels to the Middle East. The group, claiming two million voters, passes a resolution criticizing media and some lawmakers for impeachment coverage. Baruch Karff leads the effort. Treasury Secretary Simon urges a cold shower for the climate of hysteria surrounding impeachment.
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Washington
Nixon
Capitol Hill
Fairness Committee
Tornadoes Hit Colleges and Cities Across Midwest
Authorities reported a late Sunday tornado struck a Ferris State College dormitory in Big Rapids Michigan causing minor injuries and campus damage. The same system tore through Riverview Elementary School and multiple towns in Oklahoma, Kansas and beyond, killing dozens and injuring hundreds as thousands lost electricity and homes were destroyed or damaged.
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Ferris State College
Big Rapids
Mich
Lower Peninsula
Riverview
National Weather Service
Midwest
Oklahoma
Kansas
Tulsa
Public Service Co
PSC
Emporia
Kan
Democrats' Fund-Raising Draws Sparse Attendance
North Carolina Democrats faced a sparse Downeaster fundraising event in Wilmington attended by about 200 people. Key figures like Congressman Fountain and Lt. Gov. Hunt urged unity as multiple attorney general candidates campaigned, meeting with party leaders and among themselves rather than executives.
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Wilmington
N.C
North Carolina
L.H. Fountain
2Nd District
Fountain
Jim Hunt
Hunt
Downeaster
U.S. Senate
Robert Morgan
Nixon impeachment process narrows witness debate on charges
The House committee plans hearings with cross examination for witnesses as Republicans push for a full range of testimony while some Democrats favor limiting witnesses. Chairman Rodino weighs whether to call witnesses and when to judge evidence. A luncheon rally of 1,400 Nixon supporters praised his vow to complete the term. Time Magazine reports Colson told Nixon about the Watergate cover up earlier than Nixon admits.
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House
Senate
Nixon
Committee For Fairness
White House
Time Magazine
Colson
Gas Supply Still Good In N C
Charlotte AP. North Carolina gasoline supplies remained ample per a Carolina Motor Club survey of 216 stations for the week ending June 1. Only one station was out of gas, three limited purchases, and over 100 stayed open past 6 p.m. weekdays with many open weekends. Regular averages 58 cents, premium 61 cents.
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Charlotte
North Carolina
Carolina Motor Club
T.E. Pickard Jr
Club
Pickard
Conference approves 467000 budget at UCC meeting
ELON COLLEGE N C AP The Southern Conference of the United Church of Christ closed its annual meeting approving a 467000 budget for 1975. 560 delegates from 390 churches in North Carolina and southern Virginia met on Sunday. Joe Leonard of Lexington and Rev Archie Aitcheson of Clayton were elected NC delegates to the National General Synod for 1975 and 1977.
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Elon College
N.C
Southern Conference of the United Church of Christ
North Carolina
Virginia
National General Synod of the United Church of Christ
Joe Leonard
Lexington
Archie Aitcheson
Clayton
Weekend Traffic Toll Totals Nine
Nine people died in North Carolina weekend traffic crashes raising the year’s toll to 597 per the Highway Patrol. Victims include seven year old Charles Lee Singleton near Chadbourn and 29 year old William Thomas Wicks of Burlington.
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Associated Press
North Carolina
Highway Patrol
Charles Lee Singleton
Rt. 2
Chadbourn
N.C
Columbus County
William Thomas Wicks
Rt. 5
Burlington
Pete Atkins
Lawsonville
Stokes County
IRA Fugitive Defies Police At Dublin Funeral
In Dublin a hunger striker’s funeral drew thousands as IRA leader David O Connell delivered the graveside oration despite police presence. An IRA guard protected him while shots were fired over the coffin. O Connell vanished into the crowd as authorities warned of ongoing manhunt.
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Ireland
Irish Republican Army
Michael Gaughan
IRA
Ballina
County Mayo
David O'Connell
Irish Republic
Northern Ireland
O’connell
TRA
O'Connell
Gaughan
Isle of Wight
England
Marion
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