Downturn In Wall Street as Rates Rise Sharply
New York stocks edged lower as interest rates rose with banks lifting prime lending from 11 percent to 11 percent and analysts warning of a possible 12 percent. Dow shed 5.24 to 823.61 as American Motors gained, McDonald's fell, and Baker Weeks shifted to a bearish outlook while National Paragon led Amex activity amid profit forecasts and war period notes.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Travelers Corp
NYSE
American Stock Exchange
McDonald's Corp
Wall Street
Baker, Weeks & Co
Baker
Weeks
American Motors
Unofficial figures and dividend footnotes from a stock table
The document explains that American sales figures are unofficial and that dividend rates in the preceding table reflect last quarterly or semiannual declarations. It lists footnotes a through w with abbreviations for extra dividends, stock dividends, liquidations, and timing. It also includes publishing and subscription details for The High Point Enterprise, including rates, office address, and AP rights.
MENTIONED IN THIS ARTICLE
High Point Enterprise
High Point Enterprise, Inc
Church Avenue
High Point
N.C
Associated Press
Okly
AP News
Word-Griffith Company
National Advertising Representatives
Notable executives linked to Home Stake probe
The case centers on Tulsa based Home Stake Production Co a tax shelter oil venture insolvent last September now under SEC investigation. Trustees in its bankruptcy and four investor groups sue in Tulsa federal and state courts while a federal grand jury may convene soon in Los Angeles or New York.
MENTIONED IN THIS ARTICLE
Western Union
John G. Martin
Heublein Co
Ralph A. Hart
Heublein
Henry J. Fox
Washington
Earl W.kintner
Richard §. Storrs
Tulsa, Okio
Tax Shelter Oil-Drilling Company
SEC
Home Stake
Tulsa
Los Angeles
New York
Oklahoma Oil
Robert 8. Tripper
Journal
the Journal
Harvey L. Garland
Santa Marta
Calif
Garland
Calley Transfer Scheduled for Leavenworth
William L Calley Jr. and his appeal of the My Lai murder conviction move toward Leavenworth as the Army transfers him by air at 10 a.m. EDT after court hearings. The case centers on command influence and testimony from Westmoreland and other officials, with Bail denials and Supreme Court action noted.
MENTIONED IN THIS ARTICLE
Columbus
William
Calley Jr
My Lai
Leavenworth
Kaw
Calley
William C. Westmoreland
Westmoreland
South Vietnam
Army
J. Houston Gordon
Edward Newton
My. Lai
Newton
Elliott
Ft. Benning
Washington
United States
House Votes To Cut White House Staff
The House approved a measure to reduce top paid White House aides from fourteen to nine positions, shifting pay to $38,000 to $40,000. The bill, tied to an $11.2 million staff salary fund, also audits travel and entertainment allowances by the General Accounting Office and cuts Nixon OMB request to $19.4 million. Party rivals called it a Democratic tactic against Nixon.
MENTIONED IN THIS ARTICLE
Washington
House
Nixon
White House
Roy Ash
Office of Management of Budget
Senate
General Accounting Office
Congress
Office of Management
Duke Power Rate Structure Reviewed
The North Carolina Utilities Commission heard more testimony on Duke Power Co.'s request for a 16.8 per cent rate increase. The hearing, led by staff attorney Ed Hipp, runs through Friday with proceedings to July 21 for three more days of testimony. Proposed changes would raise large industrial rates more than residential ones, while Duke argues it loses money on small residential customers. Dr. Robert M. Spann of VPI testified for the staff and faced cross examination by Duke attorney Steve Griffith.
MENTIONED IN THIS ARTICLE
Raleigh E
North Carolina Utilities Commission
Duke Power Co
Ed Hipp
Commission
The
Utilities Commission
Duke
Robert M. Spann
VPI
Steve Griffith
Ehrlichman charged in FBI lies and grand jury false statements
Ehrlichman Seattle lawyer turned political aide faces one count lying to the FBI and three counts of making false statements to a federal grand jury. He could face up to 30 years in prison and $50,000 in fines as the Watergate investigation unfolds. Nixon approved plumbers creation near Pentagon Papers leak, with Krogh Ehrlichman aide named chief plumber. Colson provided $5,000, aiding the operation in the Ellsberg case. Spann reported to Griffith. Spann noted clients paying low returns could raise costs for others.
MENTIONED IN THIS ARTICLE
Ehrlichman
Seattle
FBI
Nixon
Ellsberg
Pentagon
Mr. Eilsberg
Egil Krogh
David R. Young
Henry A. Kissinger
Liddy
Howard Hunt Jr
White House
Hunt
CIA
Charles W. Colson
Colson
Fielding
Witness List Aims At Public Or Private Hearing
Judiciary committee weighing which witnesses to call and whether to hear them in public or closed session. Democrats seek Butterfield Kalmbach Petersen Colson. Republicans propose Dean Haldeman Mitchell LaRue. GOP focus on the March 21 1973 75000 payment to Watergate figure Hunt. St. Clair to present rebuttal Thursday.
MENTIONED IN THIS ARTICLE
Quiry
Alexander Butterfield
Nixon
Herbert Kalmbach
Asst. Atty
Henry Petersen
White House
Charles Colson
GOP
Howard Hunt
Reagan to Speak in Charlotte for GOP Rally
California Governor Ronald Reagan will headline a September 14 Republican rally in Charlotte to back GOP candidates. The event is sponsored by a state coalition of Republican groups and will support Rep. James Martin, Sen. William Stevens, and James H. Carson Jr. for attorney general, with arrangements still being finalized.
MENTIONED IN THIS ARTICLE
Washington
California
Ronald Reagan
Charlotte
Jesse Helms
Rn.c
Reagan
Rep
James Martin
R-N.c
U. S. Senate
William Stevens
James H. Carson Jr
CIA leak penalties debated in Nixon era proposal
Sources say Colby proposed penalties for leaks of classified information, with the CIA director needing to prove a classification reasonable to a judge before prosecution. The plan, discussed within the Nixon administration, follows a court clash over the Marchetti and Marks book "CIA and Cult of Intelligence" published this month.
MENTIONED IN THIS ARTICLE
CIA
Colby
Nixon
Congress
Cult of Intelligence
Victor Marchetti
John Marks
Tennessee Reports Spotted Fever Cases
Two more cases of Rocky Mountain spotted fever are diagnosed in Knox County bringing total in the area to six. Jeffrey Lynn Arnett, 9, of Johnson City, dies as health officials note deaths in East Tennessee. Morgan County men David B. Frederick and Charles Underwood hospitalized and later released. Shelby County reports three cases. Authorities warn of wood tick spread and rising eastern occurrences aided by a mild winter.
MENTIONED IN THIS ARTICLE
Knoxville, Tenn
Knox County
Washington County
Jeffrey Lynn Arnett
Johnson City
Rocky Mountain
Underwood
Pilot Mountain
Shelby County
Tennessee
70 Per Cent Power Rate Hike In Fayetteville Requested
Fayetteville faces a 70 percent wholesale rate increase request from Carolina Power and Light Co. CPAL will file with the Federal Power Commission in Washington. If approved, Fayetteville’s bills could rise about 46 percent. the city will oppose via the Public Works Commission and Elec cities, an NC municipal electric group.
MENTIONED IN THIS ARTICLE
Fayetteville
Fayetteville, N. C
Carolina Power & Light Co
CPAL
Public Works Commission
PWC
Ray Muench
Federal Power Commission
Washington
Muench
Federal Power ‘Commission
Tate
North Carolina
Also Mentioned on This Page
Business and Financial News Stock Market Report
National Paragon
Amex
Searleg
Searsidda
Ve Signal Co
Smithkline
SonyCo
Cessna
Ae al At — Socale
South Col
Kroger
Ms Aa Bhd
Chris Crath
Uomy
Stevens
Sunoll
Tampa
Lyocerp Ik
Airlin
TelexCo
ContOil
Macmill
Magvox
Texasgit
Cowles
McDonalds
Siva
Timkn
Curtisw
Mead BO
Dartind
Dennys
Sees Dal Inc
Alan Rey
Diltoncoi
Mortora
Disney
Unocal
OrPeppr
Va Motorote
Eastairlin
Eaton
Nabisco
Evans P
Varlan
Exxons Sie
Aia
Wendoco
FairCam
Fairind
Wachova
Arnt
NortikWins
Westgel
Northrph
Vyas
Ford
SPA NA NwstAiehas
Norton
NorSim
Winnebago
Va Gannett
K— Va Omark
GenDynam
OwenCr
GenMill
Vet
PacPetrl
PacPw
Pace
New
Penneyl
AG Ann S
Ave
Ava Gramin
Pennzoille PaPwlti
Pfizer
Peps Col
AirPrd
Grumm
Alcan
Pdlbe
Wa Pitney
Bea
HolfEldey
HollySuia
Quaksto
Hormestkeb
Questor
Ai Ay Alia
Amucilos
Ranco
Vila
AmMot
Lde
RapidAm
Idaho
Rohkrind
ArchDan
Reyccal
ArMsiCk
RyderSy
Ashdoll
Atlascorp
NekCare
AvcoCorp
Ned AvanPdl
Jotinssn
Babekw
Joniog
Bia Balge
Jon Laulao
Jon Laulao 5 J 19 2 Ww? — Bauschl
BuddCo
Wa Bulovaw
A.p.stock
Indus
Opublic Utilities
Dow-Jones
Tnd
Netcharige
Armepiear Stock Exchange
AegisCorp
Wa Wess Asamera
Tnde
Banstretich
Sis Finance
Ieranmns
Cresle
Tata Dixilyacor
EspeyMig
Ee Ba Ve
FedResrees
Frontierair
Instrums
InDiv al
Witte
Lafay Radio
MichSy
Milgo Elect
Newldriam
Newpark Rs
Ozarka
Phoenix
RathPack
Stathamins
ScurryRala
Syntex
Texas
Maseree Dsflir
Yatesind
Washington, D.C
Kenneth Henson
Cailey
the Army
Howard
Bo" Callaway
Henson
U.S. District Court
J. Robert Elliott
U.S. Supreme Court
High Court
U.S
Court of Appeals
Leslie Arends
Duke Power
Spann
Griffith
John W. Dean III
H. R. Haldeman
Atty
John Mitchell
Frederick LaRue
Redino
James D. St. Clair
Gov. Reagan
Morgan County
David B. Frederick
Wartburg
Charles
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