High Point Enterprise Newspaper Archives Jun 30 1976, Page 2

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High Point Enterprise (Newspaper) - June 30, 1976, High Point, North Carolina A High Point Knurr prow of dip a it. June ,10. It business and financial news Stock Market report by Chet it Rykr a rum fir in whirr new Vouk he i the mock Market advanced broadly univ Inspirit by the Promise of a continued moderate approx h but the or Durral Reserve its Money and Rrt dil Pic lib is the noon Dow Jones average of to to dust ilk was up 4 02 at 1004 6&Quot and gainers outpaced losers by More than a 2-1 margin in the Over ail tally of new York Stork Kex change listed issues Rthur Burns the Federal Reserve chairman told a Congressi i a Ommittee this morning he intended to stay with a moderate monetary polio Burns also said the evidence indicates that the Economy recovery despite a hit of a slowdown lately. Is maintaining its spree Polaroid was among the Day s most Active issues up. At 40 a 28 400 share Block moved at 40 s noontime readings showed the Nysky s composite Index of All its listed common stocks up 28 at 55 74 and the american Stock Exchange Market value Index ahead 22 at 105 37 n out ii on the big Board picked up to 9 70 million blares Over the first two hours against 7 95 million in the comparable period in tuesday tri Cor picked up to 14 a and so Stan l Tinner added in to 5 i Aller opening delays in both stocks the companies announced merger plans new York Exchange no i of work i set be. Ganoom net on i in irk to Voth Sam Mcm engr ii ill a tri of my m hum til c my _ a a Ari to t in i 14 la Abbt Ltd m i a id Riel Arni St m it did a a Rel a i i a Chi Imp a in Alt Josa aim 4s it a Ielua i in t ally pm i to t Ait a i a Azov i to t Ai a Csc i to t Alco i 40 14 a a. I is 14 Amma in 4 Ammu Job t am him a Nodi Ika Amo Al Mil Ami in Jio i act in i no i a mile j i am Contr i i am mop 40 i am. 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Ais of i n a in a to us to a m is huh fw-t7h4 Nzw-1 is i in i in to a we Jet a u us w re 4 coast guard requested to search for balloonist new York i Aid balloonist Kart Thomas ground Crew asked the a s coast guard today to Start looking for him there has been no Contact with him since sunday night and the Crew said it was worried Thomas took off Friday night on his attempt to become the first person to Cross the Atlantic Ocean in a balloon several others have died in Simitar efforts. A we think he is still aloft a crewman Wallace Clayton said today a but we Haven t heard from him for More than 56 hours so we be asked the coast guard to initiate a search a a before hts 90 foot fall red White and Blue helium filled balloon lifted off. Thomas confided to few of his friends. A i not make it. But i m not going to die a a Quot we Don t know where he is and we be slopped estimating he might sight Europe tomorrow he might be becalmed but we re sure he s out there said Nick Grande a spokesman for the flight s communications Crew since the weekend the Crew has been holed up in an East Side Manhattan apartment. Quot we re waiting a Grande said a there Are five telephones Here if one rings we jump Quot Thomas a 27-year-okl Pilot from Michigan was estimated on tuesday to be More than a 200 Miles East Ai new York City and approaching the Halfway Mark of his 3.000-Inile flight a everybody is concerned. But we re not worried Quot said Grande we re banking on two things first if he were Down someone would pick up his emergency location transmitters second we know the Guy we have Faith in his skill and his Good sense if we Haven t heard from him then we know he s still up Thomas according to Grande is carrying enough warm clothing to withstand bitter High Altitude temperatures he has food and water and if downed his Gondola would become a boat but the Pilot s planned Altitude was about 3.-500 feet that s Low enough to be within reach of lightning bolts and for the most part it puts him too close to the sea to make radio Contact with passing jetliners Thomas was last heard from late sunday. A commercial Jet reported picking up Thomas s Call letters on its radio the signal was faint but a spokesman for the a italia jetliner said the voice believed to be Thomas did not sound distressed shortly after Thomas lifted off Friday from Laik Hurst n a. Naval air station his main communications system was knocked out by a faulty Aerial this too killed his primary tool of navigation and he was forced to use the stars 14 4 us 47 a a Al a i Usa n to n t a a nah n b #4 a to Atu i ath k u a i Vatis Usa Bra Jyh i or. A we zip Ith a us Aas a a a la by a n a a n is it is i m is i eth a Ais ii h sub president expected to sign temporary tax Cut Extension us Over the counter bid asked in it Mem Aud plat Qutul Aimont olt to it Abr Saltan Alto. Ai an Ai vat not it or a or re a Ai Quot or it orate puce a a approx Mati j p n Yam Erda Aella no i it Quot or Resit n d k up Mark ooh or comm Imti Psoma a sat i m i l no i St i is prs to ii a a it i to a a. 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Dividend ref i emf of a did i do rid and of if m Tail a Salea in Sii Cid caned no tvs a a Ben i fued he a Haar rings a a id Ltd a Dittri Julior a in bankrupt of Teien of tip of Forgan fad under is bankrupt cd Ai or kurd if a Burnad a we com pan Washington apr of resident Ford s signature on legislation rushed through Congress would prevent payroll tax withholding rates from increasing at Midnight tonight White House dress Secretary run Nessen said Ford will decide today whether to sign the Bill. But there was no indication tin president would allow withholding rates to increase Ford s signature would protect workers from a 63-s6 increase in weekly withholding from their paychecks. The freeze would remain in effect through sept i giving Congress More time to Complete action on a Long Range Catchall lax revision measure without Ford s a nature withholding rates would increase when tax cuts enacted last year expire at Midnight tonight the Senate passed the Stopgap freeze i withholding rates monday and the House followed suit with unanimous approval on tuesday the Senate meanwhile continues debate on the Overall tax revision Bill on tile Agenda today was an amendment expected to pass costly that would impose tax withholding on income rom interest and dividends in the same Way that taxes Are deducted weekly from employ yes pay checks such a system would catch millions of dollars Worth of taxes that Are lost when recipients of interest and dividends fail to report such income experts say of the tax cuts enacted last year were allowed to expire. It would mean a 6445 per year tax increase for a four member family earning 96,000 a year the yearly tax hike for a typical four member family earning 915.000 or a single person making 925 000 would be $180 a couple with no children and earning 110,000 would face a 9204 tax increase hijackers release part of hostages new York a Stock Index and # 40. 40 14 i so Ubl Irb by a tot api hoi it both York m. Sab �4 a i St i main in a a i v-4 4 4 he 4 la or Quot i is to a it h 4 a fide in 74 hoj a 4 ii 4 44 induct of a2 a a 0 17 i j j i it Tok ? to on a i 40 it Ash a ass ult Quot tips 40 la a a we 3# 4 s j .# no to 0 22 it 4 in Tiab 4 4 he 4 tax in in 4 Jih an1 ii Kuh mph Aero Troin in a be i it # a in of Allante Mev Hank i Truffi of s c a yet furniture Bilu it a k indy of a a corp Birnie a indy by nut a gift n �.,/ it my t it tuft my in Armine j cud Carolina can my Ca a at a Ioc i i to steel co i Ca i Vin Alo Cato corp cent Al a of Bank i in ave a front Cuba Imam Mig Cas i of of is. 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A 21 i an an 6 % 2 a a Mcne a 4 of Shab n my Timme oar in i of of on Vati cop or a tied by the a Kkt ated Rekk 17 fit 13 it Al Iii it i i 104 j jul 3 40 Hai 104 0 3in i pm 4 17 4 102 ? in 477 i in i too v ast us sit too Obi i by a 1001 Hub 424 4 at j is 771 n 4.m 0 ins 7 103 7 Zug 4 Uso 1314 #47 214 Bond averages compiled by the Aye cited prey join us to rally Ina fun l a a Jet change Boon wee prey Day week ago Mon ago sea1 ago iat High 197 i of i97n Atn Cohne c henge now wed so s to n so i Tao a to pre Day no n to n so i too 7 a to veer age no n to 7 so i Ioc 7 #76 month ago no n to 2 is j too 7 no s veer ago in Bose 4 is i 75 2 ish High so s la 3 is i to i 3 i 4 is Coa 4# 4 75 see too i 7 j i97n High As j 7 s or 8 of s 7 i its Cost a i i i la s is 4 is 4 by admits his regime was corrupt Indianapolis a former South vietnamese vice president Nguyen Cao by has admitted that his government was corrupt but says he had always maintained an honest position a and now regrets his honesty a i was not corrupt Quot he said tuesday. A perhaps that a the Only thing i regret i realized after 14 months in this country the value of Money whether it s clean or dirty a Mother from Page if United states. No Date Tor Veneris visit has been set. State department sources said Veneris will not be charged with any crime and will be allowed to move around the country like any other citizen rom in Vandergrift a. Veneris entered the army in 1940 and took part in the world War ii new Guinea Campaign in the Pacific he was honorable discharged in 1945 but reenlisted five years later three months alter that he was listed As missing in action in Korea Veneris and 22 others refused repatriation in 1953 during the prisoner of War Exchange after the korean armistice two of the 23 changed their minds immediately and were imprisoned in the United states alter they were convicted of collaborating with the enemy the let defense department ordered dishonourable discharges for All 21 men in june 1954 and said it had no further jurisdiction Over them. Doctor charged with murder of 17 babies los Angeles a a doctor his wife and his son have been charged with multiple murder in the deaths of babies delivered at the doctor s Cut rate medical climes. A los Angeles county grand jury returned an indictment tuesday charging or Joseph Emory 55, with 17 counts of murder. He was convicted of second degree murder 16 years ago die indictment also named sex other persons including Emory s wife Harriet 51.who is caused of 16 murders and their son. Alan accused of nine. Others charged were Joseph Vargas William Leonard Irene Barcenas Anna w hit acro. Aurora Silva and Maria Banda All associated with Emory s clinics Emory lost his osteopaths License after a i960 second degree murder conviction in i the death of a woman who had undergone an abortion the License later was reinstated in the latest indictment authorities said the babies died during delivery or within a few Days after birth 1 at Emory operated clinics which they said were not licensed for that purpose Vig lists still hopeful after big Day Grannis Ark. Aid the world did t end tuesday but a spokesman Tor the 24 persons await my its demise says the group still has Faith in their mis Sion a everything is in the hands of god we know he will provide Quot said Elizabeth Nance Bard. A we Are not worried we Are just As sure As Ever that he will come we just know it Quot she had said monday the end of the world could occur the following Day because that was the nine month anniversary of the beginning of the Vigil to await the second coming of Christ from Conception to birth is nine she noted Kampala. Uganda a palestinian hijackers of a f Rench jetliner inlay released 47 elder a women sick persons and children among the More than 250 hostages they Wert holding for the third Day at Entebbe Airport the ugandan government announced. Two americans were among those reported freed the israeli Cabinet was meeting in emergency session to decide what it would do about demands to free 40 prisoners to Ransom the rest of the captives and the Plant at least 70 israelis Are among the hostages. Teamsters from Fage i a run As High As $1% million. The fund is administered by 16 trustees eight Iron the trucking Industry and eight from the Union. Including its president Frank e. Fitzsimmons the trustees declined comment. Fitzsimmons confirmed tuesday night that the irs had revoked the fund s tax exempt status the Oklahoma City newspaper. The oklahoman said the newspaper said the teamsters Boss said in a Telephone interview that the action extends Back to Jan i 1966 Fitzsimmons criticized the action and suggested that irs commissioner Donald c Alexander did not know the status had been revoked by subordinates in Chicago the newspaper said Over the years the fund has been accused repeatedly of investing its members Money unwisely making Loans to people connected with organized crime and failing to provide proper pensions an estimated co million has been invested in Las vegas gambling and hotel interests making the fund the biggest investor in that City now 10.2% .r. Annual percentage rate compare Low rates on financing new 1976 automobiles at Central example amount of Cash needed 2000.00 2500.00 3000.00 total finance charge for 36 months 330.00 412.50 495.00 total amount of loan 2330.00 2912.50 3495.00 Central s annual percentage rate 10.2% 10.2 10.2% number of instalments 36 36 36 monthly payments 64.72 80.90 97.08 ratearo#aliew7autos if your Quot Low Bank rate loan is not As Low As centrals then its not Low

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