Stock Market Up on Light Trading Amid Rate Drop
The New York Stock Exchange rose modestly as key short term rates fell, with the Dow up 1.18 at 825.72 on light turnover. Emerson Electric led activity with a 0.5% drop as a large block changed hands, while NYC financial troubles linger and Ford opposes federal aid.
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High Point Enterprise Advertising and Subscription Rates
The High Point Enterprise lists subscription options including daily and Sunday plans with annual and monthly rates. It notes mail subscription tax, carrier delivery, and distributor terms, with advertising rights and national reps.
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High Point Enterprise
High Joe Enterprise
Church
High Point
N.C
Chess Associated Estates
NLC
Archbishop Withdraws Support For All
Archbishop Phillip M. Hannan of New Orleans withdraws support for a youth rally in the Superdome featuring Muhammad Ali amid public concerns over Ali’s marital issues. Ali was to attend a ceremony October 14 honoring Elijah Muhammad, former leader of the Black Muslims.
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New Orleans
Muhammad Ali
Superdome
Ali
Elijah Muhammad
Phillip M. Hannan
Manila
Joe Frazier
Nye Denies Political Motive Behind Labor Dept Firings
RALEIGH AP commissioner of labor T Avery Nye a Republican denied the firings of 13 Democrats in the Labor Department were politically motivated He said he planned no more dismissals and that the six first firings were handled by division heads who were all reappointed Nye said he gave division heads authority to review personnel and feared reprisals kept them from revealing irregularities Nye noted the governor was not consulted and most workers were competent Nye pledged no political dismissals and cited five confirmed firings including four field inspectors and a safety reward processor and said Stone’s duties did not require a full time position
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Raleigh
T. Avery Nye
Labor Department
Nye
Jim Holfhouser
W.C
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Creel
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James W. Quinn
Joseph W. Newton
Althea Stone
Ms. Stone
David Stephenson
Department of Transportation
Holfhouser
Ford cancels Louisville trip over security fears
President Ford cites safety concerns for canceling a Louisville fund raising dinner as Kentucky Governor Julian Carroll blames political embarrassment over school busing. Ford planned to meet King Olav V and the Portuguese foreign minister before a Detroit news conference. Secret Service warned of possible antibusing demonstrations. Louisville police cited a potentially dangerous situation amid prior clashes.
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Ford labels Congress unable to tie tax cut to spending ceiling
President Ford says the Democratic Congress is a can’t do body for balking at linking a tax cut to a federal spending ceiling. Press secretary Ron Nessen argues for a plan tying a 28 billion tax cut to spending limits, while critics demand study of the budget first. House Speaker Carl Albert and Sen. Russell Long reject committing to strict ceilings before budget review.
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Ford
Congress
Ron Nessen
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Delbert Latta
Ohio
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Carl Albert
Russell B. Long
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Strickland Fights to Preserve North Carolina Presidential Primary
Strickland, a Wayne County legislator and NC State alumnus, led the 1975 effort to keep North Carolina's presidential primary. He won support from Alabama Governor George Wallace, who spoke to the legislature in favor of the primary that Wallace had won in 1972. Strickland had sponsored the 1971 bill establishing the primary. He opposed repealing the state food tax without broadening the tax base and warned of higher middle income tax rates.
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North Carolina State University
General Assembly
Strickland
North Carolina
Alabama
George Wallace
Wallace
Terry Sanford
Wayne County
Sakharov Awards Seen as Political Gesture by Critics
Sakharov, 54, lauded by supporters yet condemned by Tass and I Humanite as a political provocation aimed at hindering thaw in East-West tensions. Critics accuse him of abandoning pure science for manifestos against the Soviet system while detailing his past role on the hydrogen bomb project and his wish to return to peaceful scientific work at a desk.
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DeMarco’s Charges Dismissed by California Judge
U S District Court Judge Warren Ferguson dismissed charges against Frank DeMarco Jr., the attorney who prepared Nixon’s tax return, on technical grounds after Watergate prosecutors failed to hand over two key documents. The ruling cited fair trial rights and followed revelations of withheld materials. DeMarco hailed the outcome as expected and premature claims of guilt were rejected.
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Los Angeles
Nixon
Frank DeMarco Jr
U.S. District Court
Warren J. Ferguson
DeMarco
Internal Revenue Service
Watergate Special Prosecution Force
Wachovia Unveils Free Way Banking Plan
Wachovia Bank and Trust Co. announces The Wachovia Free Way, a personal banking package with free checking, free traveler's checks, and a savings account. No minimum balance or service charges for qualifying customers, who must maintain a $100 savings balance at 5 percent. CEO John F. Watlington Jr. said the plan has been in development for months and many customers already use no-charge checking options.
MENTIONED IN THIS ARTICLE
Winston-Salem Wachovia Bank and Trust Co
Wachovia
John F. Watlington Jr
Watlington
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