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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 24, 1976
Page
3
The Dow Jones industrial average rose past 1000 for the first time today, up 5.57 to 1002.13 at noon. The NYSE composite climbed 0.22 to 5525, with 885 million shares traded in the first two hours. Strong shows from Digital Equipment, IBM, and Xerox propelled trading while investors awaited key Fed data for rate guidance.
The High Point Enterprise reproduction of advertising rates and stock market quotes appears with Associated Press material. It lists subscription figures, carrier terms, and extensive broker and company identifiers across multiple pages, including price structures and market data references.
New York noon stock index readings show mixed results across sectors with modest gains in some groups. Industrial shares rise slightly while transportation and finance show small declines as traders weigh early afternoon data and corporate notes.
Weathered OCR shows stock figures and market terms across categories like transportation rails bonds and industrials. Key items reference Dow Jones averages for windustrats and second/ higher grade rails with scattered figures and identifiers.
In Washington Rep James Broyhill Republican NC leads a drive to delay tightened auto emissions standards. Backed by Ford administration and the auto industry the House Commerce Committee previously passed a three year delay. Broyhill and Rep John Dingell seek a five year delay.
Secretary of State Kissinger and South Africa's Prime Minister Vorster concluded two days of discussions on US support for majority rule in southern Africa with no concrete outcomes announced. The two sides will stay in touch, reviewing possibilities for black-majority negotiations in Rhodesia, self-determination for Namibia, and movement toward majority rule in South Africa.
The Supreme Court in a 5 to 4 decision upheld Detroit's ordinance banning adult theaters and bookstores within 1,000 feet of each other. In an opinion by Justice Stevens the court said municipalities may use content as the basis for different classification of such materials.
The Navy issues a new rule restricting male hair to four inches in length and two inches in bulk with allowances for sideburns and wigs. Afro styles are no longer specifically authorized but varied styles meeting the limits are allowed. Women face a ban on plaited or braided hair while on duty. Afros remain permitted. The change follows prior relaxations under Adm Zumwalt and Adm Halloway. Marines did not adopt the broader Navy stance.
Carter holds a strong national lead over Ford 60 to 36 percent and over Reagan 62 to 30 percent. In the $10 000 to $15 000 income bracket Carter leads Ford 58 to 36 percent and Reagan 60 to 34 percent. In the Midwest Ford narrowly leads Carter 48 to 46 percent while Carter edges Ford 51 to 49 percent in the West and Reagan 52 to 41 percent.
In Pasadena California AP reports that new Viking photos of the Martian landing area fuel theories that flowing water carved features on Mars while others argue that strong winds could explain the puzzling shapes. The debate centers on the landscape revealed by the latest images.
ATLANTA AP Balloting for bishop continued into the early morning at the AME Church national convention. Forty six candidates campaigned after 27 withdrew, led by Rev Frank Cummings of St Louis, amid debate over a rule forcing bishops to retire near age 75. The convention also debated homosexuality and abortion, leaning against same sex marriages and generally opposing abortion except for health reasons.
Greensboro AP reports front row Elvis Presley seats at the Coliseum next week fetching up to 300 dollars as scalpers flood the Southeast. Despite a North Carolina law, it covers only athletic events, not concerts. Local scalper Jim Hopper notes heavy demand and charges 25 dollars to 75 dollars outside front rows, with front-row prices reaching 100 to 300 dollars.
Massachusetts state employees returned to work after a three day statewide strike ending the first of its kind in the state. Union leaders and state representatives resumed bargaining as the back-to-work order took effect after an all night mediation. Judge set the 6 am return deadline and the Alliance chair described progress prompting the move.
Waynesville resident Heinz Rollman, one of four Republicans seeking the 11th Congressional District seat, withdraws citing health reasons from Sarasota, Florida where he is vacationing. Remaining Republicans Bruce Briggs Ralph Ledford and Walter Sheppard stay in the race. Democrats seeking the seat are Glenn W Brown Roy P Gibbons Lamar Gudger Royce Thomas and Michael E Vaughn.
Silver Knit Industries, Inc adopts the Drexel Knitting Mills operation in Drexel as an autonomous division. Dan River Inc transfers ownership by August 1 with Robert Small and Silver Knit spokesmen Edward and Donald Silver announcing the deal. The Drexel plant, founded 1917, employs about 320 and covers 135000 square feet.
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