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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 28, 1977
Page
2
The noon Dow fell 0.34 to 923.76 with gains and losses evenly balanced among NYSE issues. Analysts noted cautious portfolio moves ahead of midyear reports and possible economic slowdown late this year and into 1978. Simplicity Pattern led active list down 13 percent as volume rose to 10.01 million shares by noon.
Daily price table shows broad activity with multiple firms advancing or retreating. Prominent names like Exxon, IBM, Ford, and GE regulars display varied percentages as investors digest quarterly results and market shifts.
The market indicators show modest moves at noon with slight declines in major averages. Industrials rise modestly while utilities and transportation edge higher, finance shows a small gain amid mixed trading.
The High Point Enterprise provides advertising and subscription pricing details for mail and home delivery. The notice lists various rates for daily and Sunday editions, with address and AP ownership notes.
A mixed session shows varied performances across banks, retailers, and manufacturing firms led by American Furniture and several scale players. Strong shifts appear in consumer goods names while financials and industrials display uneven gains and losses across the day.
Double Millionaire Chandler Johnson aged 30 from West Medford is interviewed in Needham after claiming the largest state lottery prize in history. The prize pays $100,000 yearly for life, guaranteeing at least $2 million, with potential $5.5 million if longevity matches his 85 year old grandmother. His wife Maria is shown beside him.
IRS agent cites anti-government sentiment in Wilkes County as a factor in the criminal tax acquittal of Lawrence W. Walker, a Moravian Falls sawmill operator, who was found not guilty of understating income taxes over several years. Walker still faces civil tax obligations estimated at 30,000 to 40,000 dollars.
The House weighs a near vote to repeal the $12 900 pay raise for members of Congress that began March 1. The key test is an amendment to strip funds from the higher salaries in the legislative appropriations bill.
A $70,000 settlement fund for 16 year old Lisa Haney of Burnsville was approved by a state special appropriations panel and awaits full General Assembly approval. The panel also approved $151,000 to compensate Siloam Bridge collapse victims, where four died. Haney was paralyzed when her bus went off a mountain road after a brake failure. state aid previously was under $1,000.
A North Carolina House committee signals it will not delay action on an insurance bill amid disputes over rates and driver classifications. Rep. Marcus Short aims for a late adjournment settlement with a recommendation to concur, while Rep. Ernest Messer notes constituent pressure shifting votes.
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