Market slides as investors fear tighter Fed policy
The New York stock market fell amid rate outlook concerns. The Dow average dropped 8.92 to 851.61 at noon as declining issues outnumbered advancers 3 to 2 on the NYSE. Twentieth Century-Fox rose 1.5 percent after offering to buy 2 million shares at 8.50 each. Coca-Cola down 0.5 percent as CEO Millard warned profit pace may slow in H1.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Federal Reserve Board
Fed
Ronald Cooper
W.E. Hutton & Co
Twentieth Century-Fox
American Stock Exchange
Coca-Cola Battling
Charles EL F. Millard
Wall Street edges lower as stock index dips on profits
The New York Stock Exchange noon index shows a modest decline of 0.40 points amid mixed trading as transportation and finance sectors show minor gains. AP Farm Writer reports government signals higher consumer prices may follow, driven by farm input costs and food items.
MENTIONED IN THIS ARTICLE
NEW York
American Stock Exchange
Stock Index
New York Stock Exchange
Sallients
Don Kendall
Washington
Agriculture Department
Bureau of Labor ‘Statistics
USDA
Department
High Point Enterprise Subscription Rates Noted
The High Point Enterprise lists mail and carrier subscription rates for daily and Sunday editions, with pricing by year or month and a 4 percent sales tax for North Carolina mail subscriptions.
MENTIONED IN THIS ARTICLE
High Point Enterprise
High Point Enterprise, Inc
Church Avenue
High Point
N.C
Associated Press
AY. & Mo
North Carolina Eyes Fuel Allocations Amid Shortage
Figures sent to the State energy office show March gasoline allocations rising to about 4.8 million barrels with emergency reserve. U S Agriculture energy official Nicholas H Smith predicts enough fuel for flue cured tobacco growers despite a 10 percent quota increase. Gov Holshouser says free distribution of green flags to service stations will begin as state lawmakers discuss emergency powers for a year to manage the energy crisis.
MENTIONED IN THIS ARTICLE
State Energy Office
North Carolina
Tolson
Nicholas H. Smith
U.S. Department of Agriculture
Energy Office
Smith
Raleigh
News Media
Pinehurst
Tobacco Association of the United States Board of Governors
Jim Holshouser
Energy
Senate
Holfhouser
Mitchell Trial Opens With Justice Statement
The Justice Department prepares to outline its conspiracy case against former Attorney General John N. Mitchell and ex-Commerce Secretary Maurice H. Stans as opening statements begin the ninth day of their federal trial. The case involves alleged efforts to aid fugitive Robert Vesco in delaying an SEC inquiry in exchange for a $200,000 under-the-table donation to Nixon’s re election campaign. A juror panel of eight men and four women was seated after extensive questioning, with sequestration ordered for the trial.
MENTIONED IN THIS ARTICLE
Arthur Eveett
Associated Presse
NEW York (Ap
Justice Department
Haz
John N. Mitchell
Lee P. Gagliardi
Mitchell
Commerce
Maurice H. Stans
Stans
Robert L. Vesco
Securities and Exchange Commission
Vesco
Nixon
Gagliardi
Democratic Committee Moves Toward Proportion Rule
The Democratic National Committee moves toward a proportional representation system for 1976 delegate selection. Aim to curb minor candidates with a 15 percent threshold and expand the Compliance Review Commission to 25 members to ensure broad faction representation.
MENTIONED IN THIS ARTICLE
Democratic Committee
Washington
Democratic National Committee
National Committee
California
Alabama
George C. Wallace
North
South
Executive Committee
Compliance Review Commission
Robert S. Strauss
Indictment Hits Former Nixon Aides in Watergate Case
A grand jury indicted seven former Nixon aides over Watergate cover up and cash payments. Haldeman testified Nixon discussed funds. prosecutors seek evidence from White House tapes. The conspiracy charges allege efforts to influence justice, destroy records, and pay for leniency. Sirica barred commenting on the case.
MENTIONED IN THIS ARTICLE
Watergate
Haldeman
White House
John W. Dean III
Dean
Nixon
Senate Watergate Committee
E. Howard Hunt Jr
G. Gordon Liddy
James W. McCord Jr
Jeb Magruder
CIA
Frederick C. LaRue
Marchan
Liddy
Democratic
Ehrlichman
Herbert W. Kalmbach
Strachan
Rue
LaRue
Sirica
Nixon Backlash Helps Democrat In Michigan Race
In Detroit the Detroit Free Press reports a Market Opinion Research poll for the Republican National Committee showing 60 percent of VanderVeen voters preferred the GOP rival as better qualified. VanderVeen won with 51 percent, topping Robert VanderLaan by about 7,000 votes as Republicans lose a district they had held since 1910 amid a national anti Nixon mood.
MENTIONED IN THIS ARTICLE
Detroit
Nixon
Gerald R.R. Ford
Detroit Free Press
Republican National Committee
Richard F. VanderVeen
VanderVeen
Free Press
Cincinnati
Ohio
Republican Party
GOP
Robert VanderLaan
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Carl P. Leubsdorf
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