Stock Market Advances Amid Fed Policy Support
The Dow Jones rose 4.02 to 1004.67 as markets gained on expectations of continued moderate policy from the Federal Reserve. Polaroid surged about 40 percent on a large block trade, while NYSE composite and ASE measures also climbed. Volume rose to 9.7 million shares by noontime, with mergers driving activity in several issues.
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New York
Federal Reserve
Arthur Burns
Burns
High Point Enterprise Market Data and Classifieds Listing
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Unclear Unofficial U.S. Stock Figures With Dividends Notes
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Ky Admits His Regime Was Corrupt
In Indianapolis AP reports former South Vietnamese vice president Nguyen Cao Ky acknowledged corruption in his government but claimed he always held an honest stance. He expressed regret for honesty, saying he learned the value of money during 14 months in the United States and stated it was not corrupt.
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Indianapolis
Nguyen Cao Ky
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Pheer
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Balloonist Karl Thomas Sought By Coast Guard Search
New York AP reports balloonist Karl Thomas, aiming to cross the Atlantic in a 90-foot balloon, has had no contact since Sunday. His ground crew requested the Coast Guard to search, hoping he remains aloft as weather and altitude pose dangers. Thomas departed Friday from Lakehurst, NJ, with navigation relying on stars after a faulty aerial cut his radio.
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Naval Air Station
President Expected To Sign Temporary Tax Cut Extension
President Ford may sign a stopgap measure to prevent a payroll tax withholding increase at midnight. The freeze would keep rates from rising through Sept. 1, buying time for a long range tax revision. Without the signature, withholding would rise and affect families with varying income levels and holding.
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Ford
Congress
White House
Ron Nelsen
Senate
House
Mother page 1A details Veneris visit and POW history
State Department says Veneris will be uncharged and free to travel in the United States. Born in Vandergrift Pennsylvania he joined the Army in 1940 and served in World War II New Guinea. He later reenlisted and was listed MIA in Korea Three decades after the armistice he and 22 others refused repatriation during the 1953 prisoner exchange. The Defense Department later discharged 21 men in 1954 and said no further jurisdiction remained.
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Doctor Charged With Murder Of 17 Babies
Los Angeles doctors and relatives face charges after a grand jury indicts Dr. Joseph Emory 55 and others in 17 counts of murder tied to infants born at his unlicensed clinics. The case recalls a 1960 second degree murder conviction that briefly ended his osteopathy license.
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Los Angeles
Los Angeles County
Joseph Emory
Emory
Harriet
Alan
Joseph Vargas
William Leonard
Irene Barcenas
Anna Whitacre
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Maria Banda
Vigilists Await Second Coming as End of World Fails
Grannis Arkansas AP reports 24 vigilists faith remains unshaken after the predicted doomsday passed. Spokeswoman Elizabeth Nance Bard says everything is in God's hands and they remain sure of the mission. She cites the nine month vigil marking the expected time of Christ's coming.
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Christ
Hijackers Release Part Of Hostages at Entebbe
At Entebbe Airport Uganda Palestinian hijackers freed 47 elderly women sick persons and children from over 250 hostages on the third day Two Americans were among those released Israel considered options to free the remaining captives and the plane About 70 Israelis were among the hostages.
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Kampala
Uganda
Entebbe
Teamsters Fund's Tax Status Revoked Amid Investment Criticisms
The Teamsters fund, run by 16 trustees including president Frank Fitzsimmons, faces IRS revocation of its tax-exempt status effective from Jan 1 1966. The fund, long criticized for risky investments and ties to organized crime, has about 135 million in high risk ventures and an estimated 200 million invested in Las Vegas gambling and hotel interests, making it a major Las Vegas investor. Fitzsimmons disputed the action and questioned IRS leadership, while trustees declined comment.
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Oklahoma City
the Oklahoman
Teamsters
Donald C. Alexander
Chicago
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