High Point Enterprise Newspaper Archives Oct 6 1976, Page 2

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High Point Enterprise (Newspaper) - October 6, 1976, High Point, North Carolina A High Point Enterprise. Wednesday october 6, 1976 business and financial news Stock Market report new York i a i concern Over a sluggish economic picture pushed Stock Market prices lower again today in moderate trading the noon Dow Jones average of 30 Industrial stocks was Down 2.17 at 964 59 after a net drop of More than 46 Points in the past six sessions losers held a modest Lead Over gainers among new York Stock Exchange listed issues brokers noted continuing pessimism Over the Outlook for third Quarter earnings reports due to be issued Over the next few weeks. After falling 5 Points in Early trading however the Dow began a gradual comeback analysts observed that some buying interest appeared As the average neared the Low end of the 960-1.015 Range in which it has fluctuated since Early in the year. Middle South utilities the most Active nose Issue. Rose �?~4 to 16�?~is in trading marked by several blocks at that Price. The Nyser a composite Index of All its listed common stocks edged up .04 to 55 24 on the american Stock Exchange. The Market value Index was off .04 at too 52. Volume on the big Board came to 8 63 million shares Over the first two hours against 8 89 million in the like period tuesday. Allied chemical dropped a Point to 36v. The company was fined More than $13 million on tuesday for polluting the James River in Virginia with the pesticide ketone new York a Exchange new York api Swiett Denoon National Procai for new York Stock Exchange blues Stitt be ads High Low Lait chg a a a act ind i to i s my my my y ave inc i 24 to 24 iwo iwo 1y�? a Abby a Aall Isi St ii ii Admi Millie 1 2 4 4 4 a y a drug Ioe Lull i of i of 10h Aetna of i Oill in 33 32y 33 y air prod 20 1 i 35va 35 35 a air conc is i 23 to 2ih eth a Akona i 20 4 1a a he 16w Alc Analu 402 255 24h 24 24h h Al Glud i to 6 i my my my y ally pm i 0 7 27 21 Toh to Malldch to i it 37 36y Jay i Allstr i to 6 5 43w 43 43y h Allrich 0 7 107 2 Ash 2 4 y Alcoa i 40 27 174 Soh saw 5 i Ama. I 75 14 132 Sah 5 5 i Amacio 7 to he or. 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Censor i 20 to 70 16 a Ian Ian w cart teed As la 44 Ith Ith i Twa w Lennair 10 10 is 7y to a 29w w chem Plant in 43 23 27h 23 a Chaiem 2 20 it it 28h Jih 2ih w Chen 2 to 7 25 3w j5h 36y w Chi neut 213 i 28h 2ih 28h v. Can script 21 a t Tew the High Point Enterprise f ital lined Ima published every afternoon and sunday morning an Independent newspaper published by the High Point Enterprise inc Tio Church Avenue High Point 27261 a a Imber of the associated re press by mail payable in and Vance of a to 3 to a to sunday Only a a 2� of i so 83 to 818 20 19 to 4 is 11 so by Carrier wkly i to monthly or 2 00 mail Lubier option m sub sect to a. Iain i tax the Agio cited Pren la entitled to the Ute for reproduction of All local Nat printed in this a wipe per Ai wan Ai All a Nat Dii Alchas entered Ai Yacond clan matter at the pent office. High Point under act of March i 1179 second class Pottage paid at High Point All earner dealer and distributors Are Independent contractor and the High Point Enterprise inc ii not Retro Tible for Advance ludic Ripton payment made to them or their representative i for Home delivery rate Contact your local Carrier London Atio Ciattei National advancing representative i brn my i to is Bra pet 33e 14 Bruntak so to buyer St is Buddo to 4 Bulova Obj bunk Pamo Burlund i 40 8 Bur no 90e s Clafin 2 20 8 pc int 2 30 9 Cal Manl 9 a Marl 60a la Cemp i 36 la a trope i 72 i ctr rep St 5 critic a 80b 7 Chrysler ise it 147 Ith 19h Ivy y Citicorp 96 to is 30 29h 29h cities so 2 to i 33 5sh 55w say y Clarke 160 12 it 39w 39 /. 39y y Cave Iii 2 5 to 24 32 31h 32 y of Orozco 52 11 45 12w to Vijh coca col 2 65 19 6 85 84w 85 h col goal 88 15 is 27�?Tw 26h 26h Colgan 2 14 8 14 25h Ash 25h combing 210 44 aah aah aah come 2 40 to 260 31w 3iw 3iw w combat i a 42 27�?T. 27 w 27h4 h coned i 60 5 192 Ivy Ivy Ivy Condl i 35 8 65 24w 24 24 con no 2 24 i 9 29w 29 29w w Cornu pow 2 7 66 22w 22 22w-t w contain Lin 61 a a a cont up 2 80 17 St 52h 52h 52h y inf Lorp i to 7 777 32h 37y 32h w cont Ohi 20 9 90 37w it 37h-l w cont Teie i Oill 43 ish 15w is control oat to 33 73h 23h 23h vib co Operon Ian 86 39y 39y 39w Cong i 12a 19 24 Aey 6iw 68w4 h 55 11 i 33w 33h 33h w Craig 20 4 19 it 12h 12h w Crouchi 111 91 2y thy 29h w Crown Cork 8 7 Tow 20 20 h Crozel 1.80 la 27 saw 39 39 cur Filer 60 10 88 i to Ipp i7y h o d Dart ind 64b 9 to my my my w Dayco 50b 4 4 of. 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Safe from China atom blast Washington a radioactive fallout from a recent chinese atomic explosion is not a threat to Public health in the United states Federal officials say. Nonetheless Public health specialists in some states urged citizens to Wash Homegrown fruit and vegetables before eating them officials said the chinese announced the blast on sept. 26. The radioactive Cloud from China then crossed the Pacific and was detected in the Northwestern United states last saturday and in the East the following Day. An environmental Protection Agency spokesman said the radioactive dust was brought to Earth along the East coast by the Lack of air circulation and heavy rainfall. The fallout also has prompted health officials to watch for possible contamination of milk because cows that eat grass contaminated with radiation can store the fallout for a time. Officials stressed that there was no reason to fear that drinking milk would cause problems. Or. Bernard sex prison official sentenced Charlotte a Morris a. Kea a former state corrections official was sentenced tuesday to four years in prison after pleading guilty to Dis Cohen of the University of Pittsburgh s Scaife nuclear Laboratory said the risk of drinking a cup of milk was about the same As spending 20 minutes in Colorado which has naturally High radiation Levels due to its Elevation. James Liverman assistant administrator of the . Energy research and development administration said tuesday a the Levels of fallout that have occurred do not present any risk to Public health and safety. I done to believe there is any need for he said the fallout Only reached about 4 or 5 per cent of the level at which environmental Protection Agency guidelines recommend that some precautions be taken. Liverman said the figure was based on measurements at the peach Bottom nuclear Power Plant in Southeastern Pennsylvania where fallout was first detected sunday. Officials in Maryland new York and Pennsylvania said Garden vegetables and fruits tests slated in . Raleigh apr the head of radiation Protection for North Carolina said tests will be started today to determine if radioactive fallout from a recent chinese atomic explosion has reached North Carolina a i am very confident we will see some a said Dayne h. Brown chief of the radiation Protection Branch after hearing reports that an increased radiation level had been reported in South Carolina. Brown noted that radiation sampling in North Carolina is normally on a quarterly basis with some tests made monthly but that special tests will be made As a result of the reports of fallout from other states he said tests of air and milk samples will be made. Federal officials have said the radioactive fallout poses no threat to the Public health in the United states should be rinsed with tap water a common precaution in any event. Tiny increases in radiation were also detected in Oregon Washington and Michigan. But officials there said no special precautions were warranted. The explosion at lop nor in Western China was the 19th by the chinese in 12 years. China is not a party to the nuclear nonproliferation treaty signed by the United states the soviet Union and other nations. Liverman said the fallout has aroused Public interest because it is the first time significant radiation from a nuclear explosion in the atmosphere has reached ground level in a Long time. The explosion caused fallout from radioactive iodine 131, which has a Hal life of about eight Days. That Means that half the radioactivity dissipates in the first eight Days after release half of that remains in the second eight Days and so on. Therefore scientists said the fallout measurements can be expected to fall fairly rapidly Zenith Rad i 14 copyright by the allocated press 197 sales figures Are unofficial unless otherwise noted rates of dividends in the foregoing table Are annual or Semi annual declaration special or t Tia dividends or payments not designated As regular Are identified in the following footnotes a Alsue Trae extras b annual rate Pius Stock dividend c liquidating dive e declared or paid in preceding it months h declared or paid after Stock dividend or split up k a declared or paid this year an accumulative Issue with dividends in arrears n a new Issue pm paid this year. Dividend omitted de cried or no action taken at Lait dividend meeting r it months plus Stock dividend t a paid i Stock prec Edig 7months estimated Cash value one dividend or end stride Tionda e i sates m Lull Cid called e dividend y e Divi tend and sales in full a Dis e it distribution or in rights Kwh a without War rants we Ait warrants we the Dis tribute i Hen issued and Nen Day Dei i v or y i in bankruptcy or receivership or timing reorganized under the bankruptcy aft or securities assumed by such Corn panes american a Exchange new York a selected noon National prices for american Stock Exchange issues Aegis corp allege a Airt 21 Amic corp 7 Armincy 11 4 165 Samera 25 7 alas pm 8 Over the counter bid asked by fit associated press from the nation association of securities dealer Are representative note dealer prices As of approximately 3 p in daily prices do not include retail Mark up Mark Down or common lion. Bid asked 2 y 2h to 2 y 10h ii my 15�?Ty 17 la Ian Ith i y in 15 y 1 y so 6 y new York a Stock Index new York api noon new York Stock Exchange Index Market 2 cents Index 55 24 f-0 04 Industrial Al 07 0 03 Tranior Tafton 39 07 0 05 Utility 38 6 7 to 05 finance 52 93 4-0 07 Dow Jones a averages stocks 30 to adult x Trani 15 �jt11 65 stocks Bonos to Bondi to Public utilities to industrials 964 59-2 17 212 00 0 12 98 160 it 304 to -0 32 89 to room 95 36 4 0 03 83 is unch Bell my Osa 5 Berg Bruns 9 Bow Val .1098 bred ten x 8 by asian a i 3 Chi corp 5 Carbon 60a to Pareisa x 5 carnal i 40 is term pm 2 25 Champ Horn Coachmen a Coleman 52 8 concur Dap 2 Cono Tigai 6 co syne up m or Ute r a 14 Damson on x data prod 9 dome Petri 8 Earth res i 7 a scorch to 8 Falcons 60 7 fed res res lit my 85t 6 grip giant yet 10l 28 Gabatin pet it Lech it 15 Hartrim ise 12 hour no to 21 Hycel inc 18 Impila we inc term a 13 ins Laurri sys into Oan knot 8 interwar up sales has High Low Lait chg i ii in i x in i 12 5 4 Quot a 4h y 7 to Ith 12 a 174 y i 165 7 7 7 j 18 9y in 9 i a 4 4 4 7 is Vijh i3y 13h a i 4 shy by y 5 7 4 x 4y 4 y i 4 to 7y 7va . Stock a averages Compi eid by the associated press to Quot is Quot 1s"0 ind rails util. Seeks net change �?9 -2 3 -3 noon wed 4716 184 5 112 3 310 4 prey Day 477 5 14 7 112 0 Jio 7 week ago 484 3 189 0 112 8 317 2 month ago 490 2 1915 111 3 319 7 year ago 412 5 1x 7 91 6 259 a 1976 High 499 3 197 9 Usi 315 4 1976 Low 424 4 my j 99 5 271 5 1975 High 456 0 155 7 103 7 286 4 175 Low 315 9 ult 14 7 216 8 Bono averages compiled by the associated press 2 Toh Toh toy 15 by 8 8 a 8 i0w i of i0w4 y i the the 2w-l ill my my Jah 1 by by 5y4 y la 75y 74 j 74 / -1 2 Jih 2iw Jihu y 23 Jyh 3y Jyh 6 us i3y by by 5 14 14 14 3 a a Aye y 35 9m 9w Yah 8 a a 9h 9h y 87 to Yah 9w y 59 a ave a xxx 1 s 37 Iii by 11 is y 27 a x 35h 36 h 4 it 17 it 1 away awl y 55 26 x 2sh 26 y 4 y 5 4 x a a 4 y 6 a a a 2 the the 8 4 la i 4 11-16 4 la 16 31 away a 14 33 y 37h 33 it he ii ii y 27 69h at a 69h h 5 j y 3y 3vi y x a a xxx Xuy 14 3 a 13 13 / y Xii i 77 2 2 i y 5 Lull Llva Reitor inc 26 8 322 i3w Iju a i3w y Kewanee 72 8 59 29 y 28h 29w w 14 in i in a i in a. So 3 3h Jyh 3h x 3 2"�?� 7w a i my 14 y my y ish y to 163 i a jaw i in Kinark cup 9 i Aly Rad 26 6 i Ancoin am 31 Mcculo 214 32 Meg ont x 5 Miller to it 17 ish is 20&Quot in Quot to to rails ind uni. Fan. L. Re net change a i 2 noon wed 52 i 822 93 3 >01 2 to Prex Day 52 i 82 3 93 3 101 2 83 8 week ago ill to i 93 7 101 2 838 Mon ago ii i 81 $ 92 7 101 0 83 i veer ago 47 1 74 7 842 100.3 73 6 1976 High $7 3 82 7 93 4 101 3 85 4 197 Low 484 75 6 a 7 too i 74 7 i97j High 4v2 76 9 a i 100 5 76 5 97$ Low x i 71 8 8 9 99 4 69 4 Mitchle Kinney up net potent 56 proc i2e 9 a times x la nolo up 28 no Rcd oils 11 Mozerka 05e 7 pal corp 40 la perfect my 7 Plant my Plant inc 12 14 Prensa i 12 la Presley cos is Hescht 08 14 Risdom 36 la by no Xii sheer be 3 Shan do Oil i Spencer ate 9 syntax 50 11 system eng 363 Terrecia 5 us pc i j Ulbrand of us pilfer 24 7 Vern Itron 8 5 in i y i j 2 to 7w to y 3 huh by 5 13 13 13 y 9 3&Quot, Jyh 3h y 4 the the 7h y 2 3w Jyh Jyh y 8 25h 2 so 25h y 8 6 y a a x 4 a 2 8 8 1 1 23h 2jh 23 j h 3 2<� x Toh 20h4 a 23 la vex i0y 10 x4 y 33 my 16 i6 x 2 Ith i7h Ith 32 19y 19 19 y 63 they to 10 22w 22w 22w 11 ssh in y a 25 y 26v. 26h a i to 7 y 7 y a Hyll y by y i 3y by 3y 9 9 1 a y m 9w a 9w y a wow West pm 19 13 Wah copyright by the associated press 17 Aero Ron inc american furniture att peps. Fri Bank int of so Bassett furn Bilo Blacks ind Branch corp Brenner ind Burnup Sims Burris kinds Cannon Mills Carmine foods Carol a Cai ins car Pil 9 i0pfd Caro steel corp Caro Wise foods Cato corp Central Caro Bank Central Vermont Chatham Mig c4s corp of s c coca cola co cons Cochrane furn colonial Lite cd b comm Bank Conner Homes context Daniel internal Diamondhead corp Durham life ins Evgraph inc Fidelity corp of a feb of Catawba food town Farmers new wot id first Union corp Forsyth Bank Trull Franklin Lite ins Gray tool guardian corp Hazelton rubber co he dig Meyers Henredon furn Hickory furn invest Lite Trust j b Ivey Justin kinds Kenan transport Lance inc Lane co Leggett Piaf to l ittle giant Little mint Lowe t co Mack s stores mom 6 pop s multimedia a cab corp no natural Gas Northwest Fin inv us Northwest Fin corp Occidental Lite ins Peoples bnk8.tr Ray i Phillips Foscue pro corp piece goods shops Piedmont aviation Piedmont reit units Pinkerton club pints it. By Ray of pub Sec of no Quality Mills Mic corp Reid provent labs Republic Auto parts pm around prod r Val mfg Rex plastics Salem carpet Sec merchandise honeys big boy Monoco products so Natl corp Sou film ext Sou Nail corp super Dollar stores Gelerent leasing textiles inc thalhimer Bros Triangle Brick Trion inc unify inc in Caro Banc she a International a Natl Bank 6 6 Walker shoes Washington group West knitting corp Whit shield co Wax corp Wright machinery 4v 2 y Iti y Jyh 99 22 in 4y 18 x i5y to x a Thith my jaw 1y ish la 14 a i by Ion by by ayah 7 y thy 21 j y my ayah i by 19 x 3 in Jih j y 25 x Ahja 16y by 37y 39 a i0w ii i3y 15 21h i t Joh 31v 2h 3vt 4 4 x a a 18 Ishay a 2 2h by a Ian ish 14 by 23y 24 a 21 y 22 a Ion la the 3 / y Quot a 24 /. 75 a 7 to 3 a by 19 9h to a huh 2y 3 7h in a 3y 33 35 i 5 a j in to by Java away 3y 4 3sy Jay i 17y by 115 9 to to i a 3y 4 9y to x 3h 4 22 try a 7 x 2y 3 2ih 22y Vijh 13h 26y 27y by by 44 a Ith ii Jay 3 4 3y Vijh by Llva by Jyh Jhuty i 2n Jyh 14 by by i7y i to by 4 a to by i of my in in Ion my say District court judge Woodrow Wilson Jones called heroin a this deadly Poison As he sentenced Kea and a companion mrs Theresa Jackson. Kea. 38. Former program director at the prison unit in nearby Huntersville and mrs. Jackson. 31, faced six counts each charging them with distributing heroin and possessing heroin with intent to distribute. They were arrested in Charlotte in August and Kea resigned from his prison Job. Mrs. Jackson a former employee at the Huntersville prison received a three year term. Both could have received a maximum sentence of 15 years in prison and a $25,000 Fine on each count. They pleaded guilty to a single charge of distributing heroin to a special agent of the Federal drug enforcement administration on june 16, and the other charges were dropped Kea had risen in the ranks to become acting superintendent of the North Carolina correctional Center for women in Raleigh but he was demoted in the fall of 1975 after prison riots the agent who investigated the Case testified Bel Ore the sentencing that he purchased a total of $1,720 Worth of heroin from the two on june 16. June 23 and july 9 Kea s attorney Barry Storick said Kea became depressed and was hospitalized briefly following his demotion and became a $30 per Day heroin addict 1 he a a broken Man. In be seen him cry in my office Quot Storick said a a he a suffered about As much As anyone can mrs. Jackson s attorney Hugh Campbell said she has three children and lives with her Mother for $5 remark Jeff Carter promises apology to Graham Oklahoma City apr Jeff Carter son of democratic presidential nominee Jimmy car Tern says he will apologize to evangelist Billy Graham for saying Graham paid $5 for a doctor s said in a Telephone interview with an Oklahoma City radio talk show Host that although he feels he was misquoted he has asked a your press people to get Billy Graham s Telephone number. And i will a tape recording of a speech by the candidate s youngest son in Tulsa last week showed that he said a you know Billy Graham is a doctor of religion. You know Billy grahams doctorate of religion does no to come from a College. It s just one that he bought. It Cost $5.�?� in answer to questions Young Carter said tuesday night a i said that he Jeff Carter had an honorary doctorate and the Universal life Church sold them. I did t mean to imply that he had bought his a a i was trying to say that a big evangelist like Billy Graham should not be involved in politics because when they come out and endorse a candidate inevitably it turns the other Side of that congregation the comment he said a was one of those stupid comments that people make from time time that you regret i got bogged Down and said too much of my own opinion in kind of an offhand and casual Way and it got picked up that a Why i Don t give my opinions on things usually. Quot he said his lather and Graham a get along very Ervin blames delay on Ford Ogden Utah a Sam Ervin the former senator from North Carolina and chairman of the Senate watergate committee says president Ford was responsible for people not finding out about watergate before the 1972 election. A president Ford was responsible for the delay in getting the watergate investigation to the people because of his Lack of knowledge of watergate and out of party loyalty a a Ervin said. Ervin made the remarks upon arrival Here tuesday. He is Here for three Days to speak at Utah education Assn. Sessions the University of Utah and Weber state College. He said Ford had assured the american people that former president Richard m Nixon was not involved in the watergate scandal a out of his own ignorance a about watergate a watergate should definitely be an Issue in the Campaign a a Ervin added he said he hoped watergate a taught politicians that some things just Don t belong in politics a a most Hunt from Page i a workers in his attack Flaherty said he understood that Hunt has promised a special interest groups a such As sportsmen that their favorite programs would be funded Hunt did not have a Chance to reply to the charge they also clashed on a Reading program for the schools programs for the elderly and administration of the state s medicaid program Flaherty said Hunt must take the blame for revisions of the state utilities commission that failed to provide much Relief for Consumers Hunt defended the changes. He said the commission simply has not acted in the interest of Consumers. Hunt contended that Republican gov. Jim Holshouser had not appointed commissioners who served the Public interest. Flaherty also accused Hunt presiding officer of the Senate of failing to keep the legislature from revamping the milk commission so that Consumers lost the majority membership. Hunt told the questioners he did not support the changes but that the new commission has held milk prices Down Hunt implied on three occasions that Flaherty had not provided leadership during his tenure As Secretary of human resources under the Holshouser administration. He said a i think this is one of the places where we have to consider the Issue of leadership and that a really what this governors race is All from Page i a Side the car. The water had already covered the tires and started to come inside the car. I thought about going Back into the House when i heard a Roar it was More deafening than Thunder and i feared the worst Quot the dam had burst releasing its wave of death and destruction the water roared into Lupita Velazquez a House the Beds floated away and she was afraid that the furniture churning around in the Waters swirling thorough the House would crush one of her children. She grabbed hold of wrought Iron bars across one of the windows. At 8 lop i Francisco Vega a Felt the car Rise in the front i put my arms around the children who were with me in the Back seat the car started floating backwards i was beginning to panic and the children started to cry. Then i Felt the car banging against a House a cars were whipped about like paper boats some ending up six Miles from where they were parked. Rescuers would find nine bodies including those of five children in one car buried in the mud. At 8 25, Lupita de Velazquez was still clinging to the wrought Iron bars across the window with one hand and clutching her Nephew in the other by 9 25 some of the bodies and cars were lodged against the houses in the government housing project farther Down the riverbed the houses built close to each other served As a dam blocking at least 200 bodies and dozens of cars from being swept out to sea. By this time Pedro Olvera had More to worry about than missing a television program fourteen persons had taken Refuge in one of his bedrooms on the second floor a Trees and cars began banging against the House a he said later. A the House Shook with each blow we were terrified the women began to get hysterical the floor of the bedroom cracked and collapsed my oldest son was looking out the window and fell into the water a the men made a human Chain and we pushed into the current. The bodies brushed against me and tree limbs slammed into me but i was Able to save my at to minutes after Midnight people began climbing out of the still rapidly moving water. Some men Strong men were naked bruised and dazed. Throughout that night people searched for their loved ones sobbing cursing and shouting with anger despair grief

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