Stock market eases after six day rally falters
New York trading mixed as the Dow 30 falls 3.83 to 855.84 with more losers than gainers. Volume remains light on the NYSE as investors digest a failed prime rate cut and uncertain near term demand. Textron slides, Aramco partners thin, Exxon and others slip, while semiconductors extend declines in thinly traded markets.
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Airwick Industries
High Point Enterprise publication listing and rates
The High Point Enterprise announces its publication details and subscription rates for Daily and Sunday editions, with mail and carrier options, addresses, and advertising notes. It includes rate tables and tax information for North Carolina subscribers and affiliate advertising representatives.
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Associated Press
Testimony Scheduled In Death Case In Georgia
North Carolina officers are due to testify in the murder trial of Ted Anthony Prevatte 24 of Wadesboro in the slaying of James A. Rouse 49 assistant principal at East Atlanta High School A second defendant William Jordan 31 also of Wadesboro faces trial after Prevatte witnesses say the victim was robbed and brutally murdered leaving his body by a Gwinnett County lake Rouse last spoke to his wife from a night class at the University of Georgia before his disappearance close range shotgun blast to the head was cited as the cause of death.
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Lawrenceville
North Carolina
Ted Anthony Prevatte
Wadesboro
N.C
James A. Rouse
East Atlanta High School
Prevatte
William Jordan
Rouse
Gwinnett County
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Gwinnett
Suwanee
University of Georgia
Athens
Mills Urges Return to Wage-Price Controls
Rep. Wilbur D. Mills says wage-price curbs should be reimposed to fight inflation, modeled after Phase 2 but mandatory rather than presidentially discretionary. He rejects price rollbacks while Congress debates tax reform and a Treasury proposal on farm tax advantages. Senate and House discussions continue with no immediate action.
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Associated Press
Washington (Ap
Wilbur D. Mills
Nixon
Mills
Ing and Currency Committee
Senate
D-Mass
Senate Finance Committee
House
Ways and Means Committee
Treasury
Resignation of Italian Premier Triggers Political Vacuum
Rome AP Victor L Simpson reports Premier Mariano Rumor resigns after Socialist party and unions reject austerity. Center left coalition collapses, inflation at 20 percent, lira down 18 percent, foreign credit exhausted, trade deficit over a billion dollars monthly. President Leone begins consultations for a new premier as Italy seeks a caretaker government.
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sBy
Victor L. Simpson
Associated Press
Rome
Mariano Rumor
Italy
Rumor
Socialist Party
No. 2
Giovanni Leone
Plagu
Kissinger Denies Ordering Wiretaps In Security Probe
In a news conference Kissinger disputed reports he ordered wiretaps on aides with access to leaked national security documents. He said he provided names of officials with access but did not authorize taps and cited its effect on the national dialogue. The inquiry followed mediation work in the Middle East and a Geneva peace framework.
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Kissinger
Nixon
Middle East
Israel
Syria
Geneva
White House
Ronald L. Ziegler
Senate Foreign Relations Committee
Spock Says Dolls Can Be Boy Toys for Some Boys
Dr. Benjamin Spock said he once thought dolls were for girls but now believes a baby doll can suit a young boy who wants one. He urged parents not to force rigid sex roles through toy choices and clothing and warned if a child shows persistent gender confusion, professional help may be needed.
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Pittsburgh
Benjamin Spock
Spock
United Mental Health, Inc
Tax Return Preparer Dowell Sentenced In Greensboro
Vernon Dowell a 47 year old part time tax return preparer from North Wilkesboro was sentenced to one year in prison after pleading guilty to aiding in the preparation of a false return He began serving the sentence and had pleaded innocent to 23 counts before reaching a plea agreement Dowell an assistant supervisor at a poultry firm was said to have caused a tax loss of 4134 due to false exemptions and deductions on the return
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Internal Revenue Service
Dowell
FEO Sets 90 Percent June Gasoline Allocation
The Federal Energy Office will allocate at least 90 percent of each state's June gasoline supply, adjusted for growth, to cover July and August. Administrator John C. Sawhill said about 4.4 million barrels would be drawn from inventories. June supply set at 9.9 billion gallons, 4.3 percent higher than May. Some states like Hawaii Indiana Massachusetts New Jersey New York and Ohio get smaller June supplies than May. others see increases. Alaska Colorado Idaho Kansas Minnesota Missouri Montana Nebraska North Dakota New Hampshire New Mexico Nevada South Dakota Texas and Wyoming report increases above 10 percent.
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Federal Energy Office
John C. Sawhill
FEO
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FBI Official Warns SLA Letters Are Cranks
FBI cites a rash of letters claiming SLA ties as not genuine. Officers note most messages come from "crackpots and mental cases" and urge limited publicity while Hearst case tapes are the only plausible item.
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Symbionese Liberation Army
FBI
Canada
Mexico
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