Market gains lift Dow and NYSE amid rate relief hope
New York AP market report shows the Dow up 6.22 to 800.77 as gains outpace losses on the NYSE. Fed data indicate money supply fell, fueling belief the central bank may refrain from further tightening. Occidental slumped 1.5 points after Libya dispute news. Abbott rose to 35.5 as it forecasts a 26 percent third quarter lift. gold miners fell with bullion retreat.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Fed
Wall Street
Occidental Petroleum
Libya
American Stock Exchange
Abbott Laboratories
Homestake
ASA
Unofficial Exchange Rates and Dividend Footnotes
In this table figures for American Exchange sales are unofficial. Dividends listed are annual disbursements based on the last quarterly or semi annual declaration. Footnotes explain special dividends and designations such as extra, liquidating, stock dividends, and exdividend or exdistribution dates.
Over-The-Counter Bid Asked Prices Reported
The Associated Press cites NASD over the counter quotations as of about 3 p.m. yesterday. Prices reflect representative interdealer figures and exclude retail markups mark downs or commissions.
MENTIONED IN THIS ARTICLE
Associated Press
National Association of Securities Dealers
Utilities race to adjust bills under rate hike
The California Public Utilities Commission approved a PG&E rate increase and a new billing system. Low use residential customers will see cuts while average users face small rises, with large industrial users bearing most of the increase. The New York PSC weighs a Lifeline plan to subsidize low income bills by higher residential rates. Michigan would fund energy vouchers to offset rate hikes since 1973, affecting about 305,000 homes at an estimated $29.6 million yearly.
MENTIONED IN THIS ARTICLE
California Public Utilities Commission
Pacific Gas & Electric Co
New York State Public Service Commission
Michigan Public Service Commission
Michigan
New Theory Investigated In Hoffa Disappearance
FBI agents are probing if Hoffa’s body was placed in a trash compactor at the Raleigh House in Southfield and hauled away by Central Sanitation Services Inc. The firm, linked to Detroit Mafia figures Dominic Corrado and Raffaele Quasarano, operates the weekly pickup and the 40-cubic-yard compactor is under review. Authorities cite ongoing Hoffa case inquiries.
MENTIONED IN THIS ARTICLE
Detroit
FBI
Teamsters
James R. Hoffa
Raleigh House
Hoffa
Southfield
Central Sanitation Services Inc
Hamtramck
Robert Ozer
U.S
Crime Strike Force
Joseph
Detroit Free Press
Quasarano
Peter Vitale
Officials cite outdated data in EPA critique of health care progress
Rep. Abraham Kazen Jr. and Rep. Dominick Daniels defend differing regional achievements while criticizing a flawed EPA study. Daniels touts Jersey City's new pediatric diagnostic center as evidence of national leadership in health care programs. An aide admitted embarrassment at the report, calling it a failure. Separately, Hoffa disappearance probes move forward with a crime strike force, with investigators examining a possible burial site in Oakland County as FBI questions Quasarano and Vitale about a possible meeting with Teamsters president Fitzsimmons.
MENTIONED IN THIS ARTICLE
Abraham Kazen Jr
D-Tex
Laredo
Dominick V. Daniels
D-N.j
Jersey City
Daniels
Teamsters
Frank E. Fitzsimmons
Detroit
Hoffa
Senate Subcommittee
Oakland County
New York Exchange Selects Noon Prices
The New York Stock Exchange published noon prices as of trading hours today. Traders absorbed early moves while indexes fluctuated amid mixed sector performance and ongoing market caution.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Chive Eadhetee
Exchange
High Point Enterprise and publication details
An OCR fragment shows the High Point Enterprise masthead with establishment date 1884 and address at 210 Church Avenue High Point North Carolina. It includes subscription rate notes and Associated Press rights, plus a disclaimer about carrier deliveries and advertising representation.
MENTIONED IN THIS ARTICLE
High Point Enterprise
Church Avenue
High Point
N.C
Associated Press
Focal News
AP News
Post Office
High Point Enterprise, Inc
Reat
Focal
lard-Griffith Company
National Advertising
Peak load metering devices tested for impact on rates
A demonstration showed several peak load metering devices as Peak condition ers aim to keep North Carolina electricity rates low. Hunt encouraged testing these devices to find the best option for energy conservation.
MENTIONED IN THIS ARTICLE
North Carolina
Hunt
IRS Tax Probe Expands Beyond Political Extremists
Washington DC officials say an IRS probe originally aimed at political extremists extended to church groups, movie stars, senators, and other public figures, with UNC on the list. Commissioner Donald Alexander testified that last year IRS agents referred 29,520 tax returns from 8,210 taxpayers to 12 federal agencies and that 465,442 persons were fed into a computer system. He backed Senate Chairman Frank Church in noting the CIA requested IRS to audit Ramparts magazine, a move to curb a forthcoming expose on the National Student Assn. He condemned using IRS to harass perceived enemies.
MENTIONED IN THIS ARTICLE
Washington
New York City
Senate Intelligence Committee
University of North Carolina
IRS
Donald Alexander
Alexander
Frank Church
D-Idaho
CIA
Ramparts Magazine
Assn.e
Emily Conyers Denies Charges in Arsenic Killing Trial
Florence South Carolina AP reports closing arguments in the trial of 53 year old Emily Conyers charged with murdering her second husband Milton Reese Conyers by arsenic poisoning. She denies guilt and faces additional counts involving her first husband and three other family members.
MENTIONED IN THIS ARTICLE
Florence, S.C
Pamlico
Emily Conyers
Conyers
Survivor
Flouda Harter
A. B. Kennedy
Washington Post prints abbreviated edition under strike
Washington Post published a curtailed 24 page edition after a one day strike by pressmen. A federal probe will examine sabotage arson and vandalism. The paper reported 72 press units sabotaged and could take days to resume full production.
MENTIONED IN THIS ARTICLE
Washington
Washington Post
the Post
Post
U.S
Earl Silbert
SLA Arraignment Is Rescheduled
Los Angeles reports that William and Emily Harris arraign ment on an 11 count indictment linked to a 1974 crime spree was postponed to next Friday to allow Mrs Harris to seek an attorney for political issues tied to the case. Patty Hearst remains jailed near San Francisco awaiting federal robbery charges.
MENTIONED IN THIS ARTICLE
Los Angeles
Postal Rates Rise on December 28 Across Classes
The U S Postal Service announces Dec 28 rate increases with a three cent rise in first class letters to 13 cents for the first ounce and 11 cents for each additional ounce. Card postage climbs to 9 cents and air mail per ounce to 17 cents. Parcel post up about 10 percent. new stamps in 13 11 and 24 cent denominations. International rates slated for a later boost.
MENTIONED IN THIS ARTICLE
Washington
U.S. Postal Service
Postal Service
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Business and Financial News Stock Market Report
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Burris Inds
Capri Inc
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Cannon Mills
Carmine Foods
Carolina Cas. Ins
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Durham Life Ins
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FNB
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Franklin Life Ins
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Guardian Corp
Harrelson Rubber Co
Heilig Meyers
Henredon Furn
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Justin Inds
Kenan Transport
Lance, Inc
Lane Co
Leggett & Platt Ue Life Assur
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Lowe's Co
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Occidental Life Ins
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Super Dollar Stores
Synercon Corp
Va Televent Leasing
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Thalhimer Bros
Transco Cos
Triangle Brick
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Va. Natl. Bank
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Washington Group
West Knitting Corp
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EPA
Buchanan
Dow-Jones
Iris Stevens
Patty Hearst
Harrises
Miss Hearst
San Mateo County
San Francisco
Federal Bank
California
Justice Department
Rolling Stone
SLA
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