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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 06, 1974
Page
1
A brisk session ended with mixed results as investors weighed latest corporate reports and economic signals. Major benchmarks fluctuated with gains for tech shares offset by declines in energy and financials, while trading volume remained steady across indices.
The AP reports slow trading with the Dow down 5.01 to 840.89 as the 11 percent prime lending rate becomes widespread in banks. Major indexes retreat, with MGIC Investment, Natomas, USA Ltd, Dome Mines, and Homestake Mining among decliners. The NYSE composite dips to 48.21 as Prentice-Hall struggles on the Amex.
New York market update from AP notes a mixed mood on the floor with the AS.21 index down by 9.746 across industrial and transportation sectors while finance shows attrition. Strong entities referenced include the New York Stock Exchange and AP.
The text lists that American sales figures are unofficial and dividend rates shown are annual disbursements based on the latest quarterly or semi annual declaration. It details numerous footnote symbols and meanings for special or extra dividends, stock dividends, liquidations, and other adjustments. It also includes scattered lines such as Camp Rui and partial numeric sequences that appear as garbled OCR remnants.
The High Point Enterprise publishes from High Point North Carolina with standard rates for mail and Sunday delivery listed. The note disclaims responsibility for advance payments to carriers and agents and directs readers to contact the local carrier for home delivery rates.
Earl Gregg of West Jefferson Ohio, now 87, returns to motorcycling after decades away. He will be made a lifetime member of the West Jefferson Dirt Riders Club and receive a motorcycle jacket at the annual 80 Year Party. Gregg owns a 27 acre farm, rides a four horsepower French bike and a 1973 American model on a dirt track behind his home. He credits exercise and riding for health and recalls being told to quit riding by his wife in 1928 and again changing bikes after 1971.
Bridget Rose Dugdale, 33, described as an English debutante and revolutionary, faces five counts in a Dublin court over the theft of 19 paintings valued at $20.4 million from a Dublin area estate. Police reported 16 paintings found in a cottage in County Donegal and three in a car trunk. the case ties to an IRA stronghold era.
Israel refused to yield on Syrian demands as Kisinger led another round of disengagement talks. Cabinet sessions produced no decision while officials said negotiations were still in early stages. Meir warned against excessive concessions and Kissinger pressed for withdrawal talks touching the West Bank and Palestinian issues.
Nancy Reagan says it would not be a dandy thing for Ronald to become president and she does not want to plan for the presidency. She adds she wants him to pursue his chosen path as California governor and will not rule out his future decisions. Reagan is not seeking re election this year but has been named as a possible 1976 GOP contender.
Gallup finds 62 percent support the Judiciary Committee rejecting edited transcripts as a substitute for tapes. Nixon leads Dean 38 to 36 percent on whose statements to believe. Time poll shows 55 percent want Nixon to resign or face impeachment, up from prior months. Republicans at all time low 24 percent.
British singer Tom Jones was blocked from leaving Venezuela after a local newsman secured a court order over injuries allegedly caused by Jones' bodyguard. David Perry supposedly struck Manuel Olaiquiaga. Perry left the country. Jones faced a court appearance and sought aid from Prime Minister Harold Wilson, who would be briefed upon his return.
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