Oil embargo lift hopes lift stocks on New York market
The noon Dow Jones average rose 12.20 to 865.38 amid optimism the Arab oil embargo may end soon. Traders cited indications that Arab producers could move to lift the four month old embargo as early as Sunday, boosting travel, mobile home and leisure sectors. NYSE volume favored advancing issues by about four to one, while the American market index edged up 0.07 to 98.02.
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New York
New York Stock Exchange
United States
Howard Johnson
NYSE
American Stock Exchange
New York Stock Index Dips In Early Trade
The session opens with mixed moves across major segments as rail stocks show slight weakness while public utilities edge higher, signaling cautious investor sentiment as markets digest early headlines.
A.P Stock Averages and footnote meanings list
The text outlines stock average notation and a long list of footnotes explaining terms such as regular dividends special dividends liquidating dividends declared or paid in the prior 12 months new issues paid this year and exdividend or ex-distribution dates. It covers symbols for stock dividends calls warrants and bankruptcy or foreign issues with various qualifiers.
High Point Enterprise Rates and Distribution Note
The High Point Enterprise announces subscription rates and payment details for daily and Sunday editions, with mail and carrier options. It notes independence of carriers and distributors, tax considerations, and contact guidance for home delivery rates.
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High Point Enterprise
High Point Enterprise, Inc
Church Avenue
High Point
N.C
Associated Press
Wkly
Dozen More Major Indictments Indicated
Washington AP reports special Watergate prosecutor Leon Jaworski expects about a dozen more major indictments from Watergate grand juries this month and next. Sirica circulated a memorandum about the matter to other judges as deliberations continue on the grand jury’s report into the President’s role in Watergate. White House figures and defense counsel weigh strategy as concerns rise over potential public release of the findings.
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Kissinger Escapes Assassination Plot In Damascus
Henry Kissinger narrowly avoided an assassination plot in Syria as late talks with President Hafez Assad delayed sightseeing at the Omayad Mosque in Damascus. A Syrian source denied the report while U.S. officials confirmed the plot but offered few details.
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Henry A.kissinger
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Hafez Assad
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Damascus
United States
Kissinger
Omayad
Assad
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Jerusalem
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Signs Point Toward Airliner Explosion
Investigators probing the Turkish airliner crash near Paris conclude evidence points to an explosion as the likely cause of the disaster that killed 246 people, including at least 17 Americans, as they search the wooded crash site 23 miles north of Paris.
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Paris
Nixon Portrait Stolen At Duke
The Duke University Law School reports the Nixon portrait worth 12500 dollars stolen from the moot court room between 11 p.m. Sunday and 11 a.m. Monday. The case joins wider aviation crash theories about the DC10 disaster with investigators weighing possible causes and examining wreckage and body distribution for clues.
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Durham
N.C
Duke University Law School
Nixon
Escalator Rate Clause Attacked in North Carolina Appeal
Raleigh AP report says North Carolina attorney general urges the state Court of Appeals to strike fuel adjustment escalator clauses used by Carolina Power and Light Co and Virginia Electric and Power Co. The AG says the clauses are inappropriate and improper as they raise monthly rates with fuel prices. The Utilities Commission approved them as temporary, but the case argues they entered without evidence. CP&L said March bills would rise about $1.03, on top of a 22 cent February increase.
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Raleigh
North Carolina Attorney General’s Office
State Court of Appeals
Carolina Power and Light Co
Virginia Electric and Power Co
Asst. Atty
Beverly Lake Jr
Lake
State Utilities Commission
Cai
Streaker disrupts Reynolds High during lunch hour
A male student in a ski mask streaked across Reynolds High School back campus during lunch. Some students suspected he was another Reynolds student while others doubted the act. Witnesses offered mixed IDs and one girl doubted the stunt was done by a Reynolds student.
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Winston-Salem
Reynolds High School
Reynolds
Privacy Bills Seek Sealed Records After Set Periods
The Ervin bill and an administration proposal by Sen. Roman Hruska seek to seal certain records at set dates and limit dissemination. The key split is administration control by the attorney general versus a state-involved board under the Ervin plan. Both would seal felony convictions after seven years and misdemeanors after five, with openness if re arrest occurs before deadlines.
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Ervin
Sen
Roman Hruska
R-Neb
Agency Shop Bill Dies In Committee
North Carolina House Judiciary Committee defeated the agency shop proposal 10 to 8, killing a bill that would have allowed unions to require nonunion workers to pay union costs. The panel sent other bills forward and debated pretrial procedure reform and housing rights. President Wilbur Hobby of the FALCIO spoke in favor. Rep Wade Smith backed the pretrial bill.
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Wilbur Hobby
Falcio
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Wright Machinery Co
Durham
Wade Smith
Smith
Atty
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