Stock Rally Pushes Dow Higher On Rate Hopes
New York stock market rallies as easing Fed credit and a prime rate cut by a major bank lift investor sentiment. The noon Dow advances 12.12 to 596.68 while the NYSE composite climbs 0.72 to 33.62. IBM Xerox and J and J rise, Kennecott up on takeover chatter.
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High Point Enterprise Rates and Publication Details
The High Point Enterprise outlines subscription options with daily and Sunday delivery, monthly and yearly plans, and carrier rates. It notes affiliation with the Associated Press and lists contact and address details for the High Point, North Carolina publication.
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Allon Says Kissinger Trip To Mideast Will Sound Out Views
Israel Foreign Minister Yigal Allon says Henry Kissinger’s upcoming Mideast trip will not present concrete peace proposals but will solicit views from Israelis and Arabs on topics for renewed Geneva talks. Kissinger plans to start the mission Wednesday and will sound out positions ahead of possible talks.
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Slump Deepens as Rates Chill Housing Market Reform Hints
The flow of savings into financial institutions to back mortgage loans slows as the housing industry suffers a sharp downturn caused by tight money and high rates. After a Sunday meeting Ron Nessen refrained from detailing tax plans but said the President seeks sacrifices from the public, industry and government and promises proposals to share the burden equitably.
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White House
Ron Nessen
Nessen
Moon Says He Tried Killing Park
Moon Se kwang testified in a Seoul court that he attempted to kill President Chung Hee Park to aid a Communist revolution. He claimed a pro Communist Japanese resident instructed him and expressed regret over Park's wife’s death, which he did not foresee. He said he fired five shots with a stolen revolver, used a false passport, and was aided by a Japanese couple. Security was tight as 220 reporters watched the opening day of the trial for the August 15 Independence Day attack.
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South Korea
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Chung Hee Park
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Park
Moon
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Nixon Glad To Return Home From Hospital Stay
Former President Richard M. Nixon, 61, was released after a 12 day stay for phlebitis in his left leg. Doctor says Nixon is recovering normally and resting at home while on Coumadin. He should avoid long travel for at least a month, possibly three, per medical guidance.
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Poison Victims Rise To Six In Shelby Drink Incident
In Shelby North Carolina authorities report the sixth death from a drinking spree using orange juice mixed with methyl alcohol fuel known as canned heat. Albert Poston 65 died at Cleveland Memorial Hospital after admission Thursday. Seven hospitalized and seven treated and released earlier in the week. The fuel sells for 40 cents a can.
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N. C
Albert Poston
Cleveland Memorial Hospital
Colson seeks shorter term citing Nixon pardon
Charles W. Colson, once a Watergate defendant, asked that his one to three year Ellsberg case sentence be reduced citing Nixon’s pardon. He pleaded guilty to obstructing justice and faces trial issues as jury selection continues.
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Gallup Poll Finds Voters Favor Democrats in District Races
Gallup interviews in August and September show 54 percent of voters prefer Democratic congressional candidates, 35 percent back Republicans, 3 percent favor others, and 8 percent undecided. The poll cites inflation fears and expectation of worsening economy as key factors behind the Democratic lead.
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Princeton
Gallup
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Siege at Venezuelan Consulate Nears End in Dominican Republic
In Santo Domingo a police surge around the two story consulate signals possible near end to a 10 day hostage siege. Hostages include Barbara Hutchison of the US Information Service and two Venezuelan officials. Rebels led by Radhames Mendez Vargas demand ransoms and prisoner releases but remain inside with no inside activity observed.
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Santo Domingo
Dominican Republic
Barbara Hutchison
U.S. Information Service
Joaquin Balaguer
Miss Hutchison
Radhames Mendez Vargas
Firms shift to small cars amid fuel economy push
Makers spent hundreds of millions this year converting plants to smaller cars to meet fuel economy concerns. Analysts say the costly changes won’t need repetition in 1975 as domestic firms gain footing in the small car market. Less strike activity is expected next year after a year of walkouts disrupting production.
Brezhnev Pushes Ahead With SALT Talks
Soviet leader Leonid Brezhnev urged moving further ahead in disarmament talks during a 70 minute East Berlin television appearance as Kissinger prepared to visit Moscow on October 23 for SALT discussions. No new proposals were detected in the speech.
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