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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 31, 1977
Page
2
The Dow Jones industrial average falls to 895.35 amid ongoing decline for seven sessions. Bank lending rates rise as Citibank drives a 0.25 point increase, while Twentieth Century Fox gains on Star Wars optimism amid broad NYSE weakness.
Selected prices and notes from the New York Stock Exchange with numerous tickers and percentages. Listings include Citicorp Delta Air Exxon Disney and US Steel with last price changes and dividend annotations.
The report lists selected noon national prices for American lock exchange issues in New York. Prices reflect current market activity and include key securities traded and their latest quotations.
The noon index shows a slight decline with the overall market down 0.20 percent to 5248. Industrial shares drop 0.24 percent to 6.3, transportation and utility sectors fall around 0.08 to 0.33, while finance slips about 0.19.
The Dow Jones averages show minor changes with transportation and utilities sectors fluctuating. Bonds yield around 2 percent with small gains noted, while industrials and public utilities display modest movements in intraday trading.
High Point Enterprise listing shows address 210 Church Avenue High Point North Carolina and advertising rates for different time periods. It notes membership by mail, associated press rights, and monthly, yearly, and daily rates with contact terms for area rates.
Investigators coordinated by Brandenburgh report 160 bodies found with 118 identified while some missing may not yet be in contact with relatives. Arson ruled out tentatively and theories about a basement generator or oil tank dismissed as to why flames spread, survivors recall smoke and rapid fire in the Cabaret Room where John Davidson was to perform.
In Assen a South Moluccan group holding 55 hostages on a Dutch train asked for intermediaries to discuss demands. A government source warned against optimism while a second group at a schoolhouse held four hostages and made no such request. Officials said mediation prospects depend on the captors giving up weapons and hostages for a flight out of the country.
The Supreme Court refused to block the imprisonment of former Attorney General John Mitchell and ex White House aide H R Haldeman. This allows U S District Judge Sirica to potentially send them to prison soon as they face appeal over Watergate convictions.
Venezuela's Manuel Perez Guerrero, cochairman of the 27 nation Conference on International Economic Cooperation, says only Africa's aid to communications and transport may be positively addressed. He stresses gaps in development, market access, and technology remain, while Western energy and raw materials assurances gain scant concrete proposals. A U S spokesman notes mixed support for extending talks beyond the ministerial session in Paris.
Former Secretary of State Henry Kissinger may refuse Columbia University's offer of an endowed chair in political science amid campus opposition and concerns about memoir writing duties. The Times reports he will decide within two weeks, citing his Washington based government papers and heavy commuting. Rockefeller historically planned to fund the chair, while Columbia president William J. McGill declined comment.
North Carolina officials report $40,000 of the $50,000 needed has been raised to finance the outdoor drama Horn in the West. The 26 year old production faced possible closure due to last year’s debts and poor weather. Organizer Rufus Edmisten spoke at a Southern Appalachian Historical Association meeting and invited President Carter to attend the opening July 1. General manager Tally Sessions said the amount raised nearly guarantees the June 30 goal will be met as the show runs July 1 through September 14 nightly except Mondays.
Creach noted discussion on Hunt education proposals while few cited the lieutenant governor’s plans. Rep. Clyde Allman argued the LTG's Board of Education seat creates a conflict since panels request appropriations the Senate must consider. Rep. Chris Barker supported the LTG heading the board and downplayed any threats to Hunt’s programs.
Congressmen argued the constitutional question is ripe and may become irrelevant soon due to the Carter administration’s pledge of a completed treaty delivering the Canal Zone to Panama. Justices may yet hear arguments if needed. suit was filed January 1976 by Senators Helms McClure Thurmond and Representatives Flood McDonald Snyder and Drummond.
Amtrak will provide free rides for children aged 2 to 11 in nine cities from June 1 to November 30, with one free child per paying adult. Older children ride at half fare, with coupons published in newspapers. Not valid during specified holiday periods or with certain discounted fares.
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