Dow Nosed as Trading Weighs on Rates Across Market
New York stocks edged lower as the Dow slipped 0.54 to 883.14 amid light volume on the NYSE. Investors awaited guidance on whether rates would keep rising or reverse the earlier downtrend. Pittston led NYSE volume with coal-focused buyers, while Chase Manhattan fell 1.5 percent. Tyco rose as Simplex Wire & Cable traded on rumors of a cash deal at 24.25. Sony gained after strong earnings. NYSE noon composite eased to 52.13.
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NEW York
New York Stock Exchange
Pittston Co
American Stock Exchange
Chase Manhattan
Sony
Simplex Wire & Cable
Amex
Tyco Laboratories
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Tyco
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High Point Enterprise masthead and rate note
The High Point Enterprise an independent newspaper established in 1884 lists publishing days afternoon and Sunday morning and provides mail and carrier subscription rates, carrier contact, and advertising representatives while noting AP ownership rights and distributor responsibilities.
MENTIONED IN THIS ARTICLE
High Point Enterprise
Afteenaga
High Point Enterprise, Inc
Church Avenue
High Point
N.C
Associated Press
Vr. & Mo
AP News
Post Office
Nlc
Ward-Griffith Company
National Advertising Representatives
Dividend footnotes define irregulars and terms for rates
The excerpt lists footnote codes for dividends including regular, extra, liquidating, and stock dividends. It covers terms like ex dividend, ex rights, warrants, and bankruptcy or reorganization, clarifying when amounts are declared or paid and how new issues or accretions affect rates.
MENTIONED IN THIS ARTICLE
Zwisales Info
Budget plan boosts state spending beyond current year
Stewart and Scott advocate increases totaling 72.3 million to a proposed budget exceeding 3 billion by about 20 million next fiscal year. A joint supersubcommittee will refine the Scott Stewart recommendations Thursday ahead of presenting to the full committee Friday and likely to the House and Senate next week. Proposed raises include 8 million for a revived low cost housing program, 4.5 million for a state art museum, 3.4 million for math and reading teachers, 3 million for clerical aid in principals offices, and 1.1 million for a 2 percent pay boost for instructional staff in community colleges and technical institutes.
MENTIONED IN THIS ARTICLE
Stewart
Him
Scott
Scott- Stewart
Joint Appropriations Committee
House
Senate
Bank tax change split lawmakers on local levy shift
Senate defeat blocks Allen measure to end bank tax exemptions local property taxes would rise for banks while excise tax remains. Allen warned banks may move assets to federal securities and cited 25 million annual value from exemptions. Coastal plan follows, granting local governments more say in land use with a 15 member Coastal Resources Commission.
MENTIONED IN THIS ARTICLE
Jordan
Allen
Finance Committee
Senate
Coastal Resources Commission
White House Tapes Used In Cross-Examination Of Dean
In a conspiracy trial of former Attorney General John N. Mitchell and Maurice H. Stans, transcripts from White House tapes and a summary were used in cross-examining former White House counsel John W. Dean III. The case involves Vesco’s $200,000 donation to Nixon's 1972 campaign and alleged concealment under a new reporting law. Dean testified about a February 28 1973 White House conversation and Stans alleged remarks about cash versus checks, with Nixon’s brother Edward described as a go-between in pursuing the cash/check question.
MENTIONED IN THIS ARTICLE
White House
J. Morganthaler
Associated Press
NEW York (Ap
Atty
John N. Mitchell
Commerce
Maurice H. Stans
John W. Dean III
Mitchell
Stans
Dean
Securities and Exchange Commission
Robert L. Vesco
Nixon
Richard G. Kleindienst
Federal Grand Jury
Vesco
United States
Robert Vesco
Finance Committee
Mr. Stans
Edward
Edward Nixon
Bomb Hoax Cleared At Zayre Store
Police reported a false bomb threat to Zayre on Westchester Drive Tuesday afternoon. A woman caller claimed a bomb would detonate in 30 minutes. The store was evacuated and searched. after the warning period, customers returned.
MENTIONED IN THIS ARTICLE
Zayre
Westchester Drive
How They Voted On Bank Tax in North Carolina Senate
The North Carolina Senate tentatively approved a bank tax bill by a 27 to 10 vote. Senators voting for included Alford Barker Britt Crawford Garrison Gudger Hardison Harrington Hughes Kincaid Kirby Knox Manney Mills Mullins Murrow Pooey Rauch Royall Saunders Scott Sharpe Stallings Staton Strickland Wilkie Williamson. Those voting against were Allen Bagnal Blanchard Folger Horton Raynor Rhyne McNeill Smith Taylor. Paired against were Coleman Somers. Paired for were Godwin Moore.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina Senate
Sens
Alford
B.L. Barker
Britt
Crawford
Garrison
Gudger
Hardison
Harrington
Hughes
Kincaid
Kirby
Knox
Manney
Mills
Mullins
Murrow
Poovey
Rauch
Royall
Saunders
Scott
Sharpe
Stallings
Staton
Strickland
Wilkie
Williamson
Allen
Bagnal
R.J. Barker
Blanchard
Folger
Horton
Raynor
Rhyne
McNeill Smith
Taylor
Coleman
Somers
Godwin
Moore
Nixon Hurt In Function - Jackson
Sen Henry M Jackson said President Nixon spends most time preparing his defense and has lost touch with Congress and his cabinet He warned Nixon faces leadership strain and conflict with advisors Jackson spoke in Columbia South Carolina at a Democratic convention kick off and fund raiser predicting 40 more House seats and up to eight Senate seats for Democrats while urging strong candidates in Deep South areas
MENTIONED IN THIS ARTICLE
Columbia
S.C
Henry M. Jackson
Washington
Nixon
Congress
Jackson
South Carolina
South
Hardee's Cuts Dividend After Quarterly Loss
Hardee's Food Systems will not pay a dividend for the first quarter due to a loss of 20 cents per share. The company had been paying 4 cents a quarter for four years. The Rocky Mount report notes the policy change follows the quarterly loss.
MENTIONED IN THIS ARTICLE
Rocky Mount, N.C
Hardee’s Food Systems
Hardee's
Nixon Misleading People Says Byrd
Washington AP Assistant Democratic Leader Robert C Byrd accuses President Nixon of misleading the people and sabotaging the House impeachment inquiry. Byrd says Nixon's credibility is almost gone and blames Congress to avoid a Senate trial. Democratic National Chairman Robert Strauss sees a real possibility of a Senate impeachment trial by fall.
MENTIONED IN THIS ARTICLE
Washington
Robert C. Byrd
Nixon
House
Byrd
Congress
House of Representatives
Senate
West Virginia
Robert S. Strauss
Strauss
Executives' Pay Rises 20-50 Percent Criticized
Sen. William Proxmire accuses Cost of Living Council of tolerating 20 to 50 percent pay and bonus boosts for top executives, claiming they violate fair play as ordinary workers gain about 5.5 percent. He cites GE and Monsanto cases and notes a Nixon-era rule limiting executive pay increases to 5.5 percent.
MENTIONED IN THIS ARTICLE
Washington
Council
William Proxmire
D-Wis
John Dunlop
Proxmire
Senators Avoid Nixon Help in 1974 Campaign
AP reports a majority of Republican senators up for reelection say they will not seek campaign help from President Nixon. Only Sen. Henry Bellman of Oklahoma has asked Nixon to campaign. Most say they oppose inviting the president while planning to attend the $1,000-a-plate dinner where Nixon will speak.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Sen
Henry Bellman
Oklahoma
Peter H. Dominick
Rcola
Colorado
Gerald R. Ford
Also Mentioned on This Page
Stock Market Report
A.P. Stock
t _ wee YORK
Neo Stock Exchange
John Dean
Hardee
Congressional Joint
Heilman
Henley
By Carl P. Leabsdorf
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