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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 05, 1977
Page
2
New York AP report notes the Dow Jones average fell 3.12 to 838.88 as Wells Fargo Bank raised its prime lending rate from 7 to 7 percent. Traders foresee more rate increases, with volume at 4.74 million in early trading and losses outnumbering gains on the NYSE.
AP reports brief tabulations of New York Stock Exchange and American Stock Exchange prices. The AP data show mixed moves in industrials, transportation, utilities, and bonds with several tickers listed and percentage changes noted. Copyright 1977 by The Associated Press.
A fragmentary table lists stock prices and changes for numerous companies and indices. Entries include Amex, Armco, Avon, BlackOro, Avnet, and others with varied last prices and percentage changes, reflecting a busy market snapshot with many entries and inconsistent formatting.
The High Point Enterprise announces classified and subscription rates with office details at 210 South Avenue High Point North Carolina and notes Associated Press rights. It lists mail and or carrier delivery options, tax information, and post office classifications under acts of March 3 1879.
At a Chicago fund raiser for Illinois Republican Sen. Charles Percy Henry Kissinger charmed guests by calling himself a god in law to Percys daughter Sharon Meanwhile he quipped about Bert Lance saying you have to give him credit and noted Sharons marriage connects her to Jay Rockefeller and Nelson Rockefeller creating a humorous family relation twist
Federal judge dismissed conspiracy to possess cocaine charges against Waylon Jennings and employee Mark Rothbaum without prejudice on prosecutors request. Jennings' attorney calls move a possible tactic to avoid a speedy trial while charges could be refiled later.
Prop men set a DC-8 fuselage among demolished homes for a TV Emergency stunt. They staged a $45,000 explosion with thirty gallons of gasoline to film an airliner striking houses during production.
In Copenhagen Danish queen Margrethe II contributed 80 black and white drawings to a deluxe 1500 copy edition of The Lord of the Rings. Forum Publishing House said the edition sells for 165 dollars and features the queen using the name Ingahild Grathmer. The queen, 37, is part of Tolkien’s worldwide following.
A research balloon drifting above 100000 feet triggered UFO reports across Tennessee and North Carolina as sunrise revealed its tear shaped package. Dr. Tom Rokoske of Appalachian State University said the balloon launched from Malden Missouri drifted out of range and reached 123000 feet.
The proposal would increase withholding for higher earners to about $1,700.55 for some, with 1986 projections showing $2,587.50 for $37,500 incomes. It would delay rate hikes until 1981 for many, affecting 86 percent of workers less. Retiree earnings limits would rise to $4,000 in 1978 and $4,500 in 1979, rejecting a GOP plan to reach $4,500 in 1978 and $6,000 in 1979.
White House lobbyists cite a budget office analysis showing typical monthly heating bills would rise from 42.80 to 47.20 by 1985 under Carter. Deregulation could lift bills to about 70. House Energy Committee chair Rep. Thomas Ashley said conferees won’t accept deregulation and would delay until the Senate finishes its parts.
The Angus Barn in Raleigh suffered a kitchen fire on Tuesday night with about 600 diners evacuated and no injuries. The blaze began in a vent over a grill and damage is estimated around 15000 dollars.
Dayan suggested Lebanon might join the Geneva talks and Carter planned a meeting with Lebanon’s foreign minister in New York after discussions with Dayan and Egyptian FM Fahmy. The pair debated the Palestinian state issue as the US and USSR declaration drew sharp reactions from Israel and Washington.
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