Stock Market Mixed After Profit Taking Stall
New York stock trading opened with a mixed tone as profit taking cooled the earlier rally. The Dow slipped 3.68 to 828.22 by noon while gains lagged on the NYSE.
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 27, 1975
Page
1
New York stock trading opened with a mixed tone as profit taking cooled the earlier rally. The Dow slipped 3.68 to 828.22 by noon while gains lagged on the NYSE.
Captain Charles T. Miller of the Mayaguez refuted crew charges that the ship was unseaworthy and that warnings from U.S. authorities were ignored. Miller, 63, said the vessel was declared in first class condition by the Coast Guard three weeks before its seizure by Cambodians. He insisted the ship followed normal traffic routes and was 61 miles off Cambodia, not in dangerous waters, as the vessel was captured while allegedly carrying bombs arms and ammunition into Thailand.
In Beirut gunfire eased as Suleiman Franjieh sought a new government after weeks of clashes. Leftist Muslims and right wing Christians clashed, with 100 plus dead and 300 wounded as militiamen and Palestinian guerrillas fought. Barricades faded. fear and disease lingered amid street closures.
Evel Knievel announced he would never jump again after a Wembley Stadium crash during a 140 foot London bus jump. He suffered a crushed vertebrae and multiple injuries, with promoters crediting a new flying motorcycle mark and noting his tentative two-month recovery. Spectator Graham Hill observed a wobble on landing before Knievel left the stage in pain.
Hardee's Food Systems Inc reports a Q2 gain of eight cents per share on $37.7 million in revenue for the quarter ending April 30, vs a year ago when revenue was $39 million and a $557,770 loss. For six months, earnings reach $20,326 or one cent per share, on $76,032,063 in revenue.
A observers notes Kissinger seeks a long term commodities panel to discuss raw materials beyond oil, while maintaining a strong united stance on oil price hikes. The plan envisions questions on finance investment trade and production with no hard deadline, and would involve major food and material exporters and importers in the panel.
Photo from Page 1A notes that employees in scientific and technical fields, schools, fire departments, and government factories will see pay cut to 10 to 28 dollars monthly. They will receive a rice family allowance of 22 pounds per month for a wife and half for each child. The Thien regime faced major corruption in civil service, while the new government leans toward American style consumer goods such as refrigerators, cars, TVs, and electric appliances as essentials.
Cecil Mathis, an inmate at Catawba County correctional unit serving 10 years for grand larceny, has authored a 10 page booklet titled How to Grow Marijuana. Officials say it cannot be published while he is imprisoned. Mathis says he grew marijuana as a hobby because he found the plant pretty.
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