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High Point Enterprise Newspaper Archives Oct 18 1974, Page 2

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High Point Enterprise (Newspaper) - October 18, 1974, High Point, North Carolina 2a High Point Enterprise Friday october 18,1974 business and financial news Stock Market report new York map profit taking continued to eat into the Stock markets Early rally Friday but the Market held onto some moderate Gams. The Dow Jones Industrial average up More than to Points in the morning on the news of a further reduction in interest rates backed Down to 657.62. Up 6 18 at noon. Advances led declines by a wide margin and volume continued moderately Active on the new York Stock Exchange. The Broad based nose composite Index gained 47 to 37.99 at noon. On the american Stock Exchange the Market value Index showed an Advance of 03 to 69.01 at noon and trading was Active a the pullback is just Normal profit said Ralph Acampora of Harris. Upham co a the Market is still showing a very Strong performance. And the gains Are broadening he said. The morning Advance was spurred by a 1 i Point reduction in the prime rate to ll1 per cent by first National City Bank and chemical Bank of new York several other Large Banks lowered their rates to in from la i As the downward direction of interest rates spread generally throughout the banking Industry. Ism gained 4 to 184 Atter a delayed opening due to an order imbalance. Brokers pinned its rally to rumours denied by the company that a group of arabs had shown interest in buying the giant computer maker. No industries was lh1 big Board s volume Leader unchanged at 14, followed by . Industries Oft a a to 4. And pan am unchanged at 2v pan am announced a massive route swapping plan with Twa to Cut its costs and improve profits of the financially plagued airline. First National City Bank s Parent Citicorp gained l to 28 l. And Mcdonald s bounded up in to 32�?~ t. 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Senators a it s Good to be Back in the greatest country in the world. Johnson said thursday As he hugged his parents or. And mrs. Clifford Johnson of Walnut Creek Calif. A we be got four years to catch up Johnson s reunion with his parents at the Federal courthouse followed a scene at the Airport in which he was arrested by waiting Fri agents and his father engaged in a Brief scuffle with the agents. Clifford Johnson was physically restrained by the Fri agents and prevented from reaching his son a after four years in hell you re making me go through the father shouted. Quot its a vicious wicked thing for our government to do to these two individuals who have already suffered four years of hell in a cuban Kenneth Whittaker special agent in charge of the Miami Fri office said of the incident a we did t even know the parents were going to be Here. I can to blame Johnson. 25. And Philip Fred bums. 32. Of Oakland. Calif. Were jailed on drug smuggling charges after their Light plane ran out of fuel Over Cuba in november 1970 they were to be arraigned today on . Charges of stealing the air plane along with David Nuremburg of upper Sagon. Pa., and 19 a a Varier 20 is 75 7 Verroco 40 la i Al Al veto Oftis 2i 144 31 30 a Pew is Siri 9l 9 a a w a Vav Zachova 7 6 4 us us warn. 84 13 15 a twp i Msj wpa.rt.40b 4 9 to incl 40 5 40 5 26 7 541 12 84 7 26 8 35 4 in 12 410 17 12 ii Aarn isl i Alt Wum Opl 40 West Gei a Webern a to we Vairy 40 Whir Poi to Joe Wmk Covato winnow i 32 u Winnebago it l 1-1 i Oft pop i 9ft Iowa it Bali i intent 1.30 ln.p4.pam Ina cp2 to r232 nest 2 40 Inger mine 7 2 it j 4 i 5 146 it 37 uni 5 47 to 4 us ii i 2ft a ft6 i 33 it 23 Sun u 7l 25l 65 33 23 l t l ult fun Jet 25 Quot it t a 65lt2 33lt l pm Pac Gati 88 6 148 isl he a clog 58 7 37 us us Pac Petri 75 to 58 19 j la a a Cpl to 9 u us us pact i 20 9 6 us us pan Amair iou 3 2 a pannep2 6 9 tel tel Picot a. 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Us 17 t 39- to n 27nt l 2al_____ in. 42 it it 44ltil it l ult Ian n 24% l 82 til in jul 3l 20 a 42lt2 9 ill n us font n ii to Ioli l i t l 23lt l la a n to twin i 20 Xeron Cpl i Alec or p h zest Fri 52 24 l us in us i of Al Jilio 9 us ii 45l 34 an 4 78 la a x�?v�?z-16 451 69 67 a 6 5 us us 7 73 in us 24 us 8 15n to Al 30 Ion us it Jan 4 igl Jwj 4 30 it Alia a 24 to us a t ult to 4 Alt Jolt Jolt us unt 65nt 34 t Aniol 1 67�?Ti ult l ult fall new York a Stock Index new Vork a noon new York Stock Exchange Noe Market. E 31 cent my. 37 99 >0 47 ibid Uirt. Al 35 Seq a 28 44 to 33 Utility. 27 67 to to Fiance 40 34 0 65 american a Exchange new York map Amu lean Stock e change selectee noon Price Sale i Boft Hub Caw last chg a a a Petrou 5 to 29 29 a Diamera 25 7 jail i Banier Culli 15 3 5 5 Braun alb 7 24 12 us Brewer 40 i 2 he h a b it lev Goit i 66 us ulc a Tant int 5 Sun Ulun the High Point Enterprise Lito banked 1884 vary afternoon and sunday morning an Independent newspaper published by the High Point Enterprise. Inc 210 Church Avenue High Point no 27261 member of Tim associated press rates by Mau payable Ltd Advance Tyr. 6 to 3 to i to doily and sunday s36 to Sib 20 19 to s3 of sunday Only m3 of s6 so s3 25 is is by Carrier i wkly $ 70 monthly s3 of if s36 40 Moil Lubic Piton in n c iwo fact to 4% Vole tax Tho Agio cited Peen ii entitled to them for reproduction of of local Newt printed in thit newspaper at Well at All a Newt Dupak Hei entered at tee cd Cloit matter at the Post office. High pom1, n c under act of March 3. 1879 second clan Pottage paid at High Point n c a Carrion deafen and do Tribuson Are Independent contractor and the go Point enter Prim inc. It not ret Pouble for Advance tube caption payment mod to them or Dow Jones a averages a stocks Jom Dutt. Tot ramp Tsumi. 65stgcibonos Fob a. To higher Grade remit in second Grad remit to Public loan Duttry in ft57 Ait a la 149 14 2 32 69 69 to 04 209 98 >2 05 65 00 Ooi 4 to 1 66 1041 of 06 i 73 -0 01 Tam in 25 3 9 a 4 l 4l a a Cert in up i Jima 7 Iaft-1 >4 ctn Rem i i 5 5 5 cro#p2 to i 53 la a 9 l 9 fail d of diet Cyncor 5 28 6-ft 6 4 it it l on ctn 05# 7 6 2l 7 it 2l i a i in in Exceen i 2 2ft in a a a a eur Eyrcei 21 la 2 in Hevy it rooter air 4 9 4 a 4ft 4%�? is a a g to. Giant 40a 12 44 to a to Glen net 5 22 2l Xvi in i a h pm a Hutko 50 5 i us us us 1-1 mpg a 80a it 14 7 29l til 28l it Antt Russyt 5 a l int Indra Ai to 4 5 it i us 16 t a a a a k auf ind 20 3 35 4 5 la Kane Osu to i 35 14 15 int Susan l. Brown at Airport in Miami. Pla. I a wire photo Susan Brown of South Royalton vt., they were release wednesday As a Goodwill gesture from the cuban government to Sens. Claiborne Pell. D r i., and Jacob javits. R n y., who visited Cuba last month Johnson and Burris were greeted by Fri agents who arrested them on the air plane theft charges and led them away in Handcuffs. Miss Brown and Nuremburg were whisked away in a taxi they were jailed in Cuba on drug Possession charges in september 1973 when their yacht was bordered off the t uban coast Fri agents said no . Charges were pending against them Nixon dispute continues copyrighted by the Agio Chat a Pren 1974 5�i% figural a unofficial Omen other wive noted rate of diff Dendi in the foregoing table Are annual Dilbur end anti Baleo on the Lait quarterly or Lami annual declaration special or extra dividends or payments not designated Ai regular Are identified m the following footnotes a also extra or extras b a annual rat put Stock dividend a a liquidating dividend declared or paid in preceding of months a declared or paid Atter Nock dividend or split Upky declared or a d this year. An accumulative my with dividends in arrears no new my p a paid this year dividend omitted deferred or no action taken it Lait dividend meeting a declared or paid in preceding 12 months plus Stock dividend to paid in Stock in preceding it months estimated Cash value on sex dividend or Hon Date to Salas in full Cid called sex dividend 1 dividend and sales in full a Dis sex distribution Are sex rights a a a without War rants we with warrants a do when distributed win when issued non it a delivery a to in bankruptcy or receivership or being under the bankruptcy act. Or securities assumed by such companies in foreign Issue subject to interest equal nation tax . Stock a averages compiled by the associated press m ii is a id rails util stacks Nett henge noon Fri Prev Day week ago month ago year ago 1694 High i974low l973mig� 199 j Loja a alts net change noon Fri 41 4 Prev Day 49 4 their we a go 41 5 representative for Home delivery Rote 0 a Contact your local corner.1974 High 53 2 word Griffith company i h�1 m j notional advertising representative Tyyri 51s 49 a i 9 9 a 630 329 4 it $ 82 7 719 i 324 5 Uva 87 i 716 1 in i 130 1 a i 5 218 4 of 9 lit 7 14 4 Imi 491 u7 j 115 j 302 4 458 7 177 7 Hoo 300 8 26 s.8 him Al i 192 8 537 7 184 7 146 3 346 9 059 us i 97 9 261 a a Bagci 7he Anotia Praia ii la i 18 in Ohi. Pin t. A 4 i 67 0 79 4 99 i a 7 7 0 79 4 99 7 68 i a i 790 99 7 68 a 68 i 78 99 i Al i la 0 17 it 984 71 i ill 68 2 99 7 78 0 66 i 78 3 97 i 65 9 85 i it 3 996 82 2 710 85 2 96 3 74 2 i r i r i i Al Kotti o Sis 5l Al Laa Ayr a Ai 3ft 3� ill to. Yern to 19 Al 3 4 3lt a it corp i j i 2 a 2l a mean to u 4 30 3 a 3�?T a 3 a Michus to 6 1/9 9 a 9 9 at a 4 6 9 l in 9 a to tit Truar Al 5 la i l in i l t a n proc j5� 7 16 so 5 Al notc0nq.lt 9 7 3 Dia j us i m i 0 1 0 1 dec Chi 3 i 71 21 21 or a �?T0 in 14 5 i i in i t l of a a of i i a a a Al Permaner i in Imi in a l Phoenix Sii 17 4 4 or is 4 a 4 it t l or it a to 16 155 Jal Jan a it l a in to Al i anal Mca 7 a 5l us 5 a unbf4fi0#t 24 a l l us 6 Iii 20 4 it lev a a 4 4l 4 Ythi 24 6 k 4 4 4 t l Vitro 5 in we in i he pit n i 4 Oil 4 l la i to a 4l a a Jim a a get led by Rnea stoc to a pres 1994 from rage i a across the country is expected to be High How much order placing the buyers will do remains Uncertain. Among those recognized at the Morasco opening were Robert Gruenberg managing director of the Market Center Henry Foscoe president of the Center Robert Spelman executive vice president of the National Assn. Of furniture manufacturers Douglas Kerr. Executive vice president of the Southern furniture manufacturers Assn. Don six or and Don six or. Of six industries inc., contractor for the building architect Rill Mcgee of six associates. Who designed the building and High Point City manager Harold Cheek in recognizing mayor Clapp and Cheek Cortelyou expressed appreciation for cooperation received from the City in the construction of the Commerce Street w ing and in the preparation of the showrooms for the Market a twice a year Many of us Call High Point our Home away from Home Quot Cortelyou said. Quot we feel like we Are a part of your a this is a Fine and great Day for High Point Quot Clapp responded a we Welcome you to High Point for this occasion the furniture Market Means much to us and we Hope this Market will be a prosperous event for music for the Morasco corp. Showroom opening was by the Dick Wells group from Greensboro. From Page i a confessions of their Pari in the watergate cover up a grader As Well As Dean. Each pleaded guilty to a single count of obstruction of Justice and both Are serving prison terms. Dean earlier testified Liat a Ehrlichman said he would talk to Nixon about demands by some of the watergate burglars for assurances of help from the White House Dean testifying at the watergate cover up trial of Ehrlichman and four other men. Said the demand was communicated to special counsel Charles w. Colson from e. Howard Hunt one of the principals in the watergate burglary. On Jan. 3. 1973, Dean said. Colson reported that he had met with Hunt s attorney William o. Rittman who said Hunt was a most distraught washed out hts ulcers were bothering him his mental attitude was bad and he wanted to plead guilty Quot unless assurances were coming from the White House. A said Colson should not get into any specific executive clemency or Grants of clemency with or. Binman a Dean said. He added that Ehrlichman said he a would take it up with the president himself and that Colson should not bring it up but wait until Ehrlichman gets Back to on Jan. 5, three Days before Hunt and the six other men were scheduled to go on trial. Colson told Ehrlichman and Dean that a i have Given Batman assurances but no hard Dean testified. He said that Colson related he had told the Hunt lawyer a you can Tell Hunt a year is a Long time and clemency is generally considered around Christmas after hearing that. Dean said. He told Ehrlichman that the word certainly would spread among the other defendants and asked what he should do if they also made demands on the while House a the said give the others the same assurances but no hard commitments Quot Dean related. Afterwards he said he told former atty. Gen. John m. Mitchell also one of the defendants in this Case about the assurances Given to Hunt but said he could not recall Mitchells response Dean also testified that Ehrlichman and Mitchell became uneasy about the Prospect of re election committee official Frederick Larue travelling about the country soliciting funds without being Able to say what the Money would be used for. Dean quoted Ehrlichman As saying a it s a very bad idea for to go around the country raising this Dean said Ehrlichman suggested that a greek millionaire and Long time Nixon Campaign supporter Thomas Pappas be contacted As a possible source of funds to help the original watergate defendants. Deans testimony Carne after the court was told that Nixon May soon be Well enough to testify in person Nixon a lawyer. Herbert j Miller told . District c ourt judge John j. Sirica thursday that Nixon might be Able to come before the effect of Ford s words Uncertain Washington map president Fords historic testimony on his Pardon tor tonner president Richard m. Nixon has drawn High Praise from congressmen tor Candor. But Sharp disagreement on whether he Laid the Pardon controversy to rest. Judge in three weeks and a no longer raise the health Issue a a Miller said that he would have a prognosis on Nixon s health in that time and that a a in a sure it will be in san Clemente Cali however Nixon s spokesman former White House press Secretary Ronald l. Ziegler said the former chief executive is a not very Well Quot and that his left leg still is swollen with phlebitis. Ziegler also said that Nixon i spirits were sagging As he waited to hear whether he would be called to testify at the trial of his former aides Nixon had been subpoenaed by John d. Ehrlichman. His former Domestic Counselor and a defendant at the criminal conspiracy trial along with h k. Hald Einan John n. Mitchell Kenneth w. Parkinson and Robert c. Mardi an. With former presidential counsel John w Dean 111 on the witness stand for the third Day prosecutors planned to play a conversation of March 17, 1973, when Dean apparently held his first substantive watergate discussions with Nixon. In its transcripts of subpoenaed tapes last april the Nixon White House released Only a Small portion of the 35-minute conversation dealing solely with the activities of political prankster Donald h Segretti and the break in at the office of Daniel Elisberg s psychiatrist. The recording was one of m figuring in the supreme court s decision forcing Nixon to release the tapes for the cover up trial. The ruling was one of the historic events that contributed to his resignation. Atter receiving word from Miller about Nixon s possible appearance Sirica postponed tor three weeks a decision on whether the former president should be forced to testify at the trial guards protect Central floats displays still called a floats Quot rom the Street parades of Days past but now Static exhibits were being judged at Central High school today prior to tonight s Homecoming football game with Grimsley High of Greensboro. Principal Jerry Shaver said that Security guards had been employed to assure that the floats Are left intact throughout the afternoon after they Art judged for awards Ford assured a House judiciary subcommittee Arni a nationwide television audience thursday a there was no Deal period for the Pardon and said he is convinced he did not Grant it too hastily. Subcommittee members split afterwards on whether Ford s testimony settled the matter and chairman William i. Hungate do. Said the inquiry on the Pardon May continue after Congress returns nov. 18 from its election Campaign recess. Subcommittee democrats called tor More witnesses involved in the Pardon con sections including former White House chief of staff Alexander m Haig or. Ford counsel Phillip Buchen and possibly outgoing special watergate prosecutor Leon Jaworski most republicans agreed with Ford the subcommittee should end the inquiry so the country can shirt our attention Troin the Pursuit of a Laden president to tile Pursuit of the urgent needs of a rising nation a this certainly should be the end of it Quot said rep Robert met Lory. R ill., a ii i 11rne to Lay Oft the but rep Bella s. Abzug in y., author of one of the formal resolutions of inquiry that Ford appeared to answer said Quot ibis is just a rep Elizabeth Holtzman. D-n.y., contended Ford s testimony a raised More questions than it it was under miss Holtzman s questioning on How Ford could answer the a suspicions raised a in the Public mind on whether the Pardon was part of a Deal that Ford interrupted to make one of his major Points. A i want to assure you. And the members of Congress and the american people that there was no Deal period under no circumstances Quot lie said Ford said the first mention Ever made to him of a Pardon tor Nixon came from Haig during a meeting aug. I a eight Days before Nixon resigned a at which he said Haig also informed him of upcoming devastating even catastrophic disclosures that might remove Nixon from office a Ford Pardon for Nixon was one of six alternatives Haig listed Ford testified he said Haig did not advocate any of the options. Ford said he was shocked and stunned by the word that tie might be about to become president and told Haig he would think about what to do overnight. Ile said his decision was to do nothing and that he told Haig to make that Clear to Nixon because he believed a vice president should Lake no action that could bring his own Elevation to the presidency. Ford said la alg gave Hun details on the upcoming a devastating disclosures of w Hue House tapes on which Nixon gave the go ahead to try to curb the first Fri investigation into Nixon reelection Money involvement in the watergate burglary. Ford testified that even though he knew those details he continued to say at press conferences the tot lowing weekend that he believed Nixon was innocent of any impeachable offence because he was afraid any change in that position a would Lead in the press to conclusions that i now wanted to see the president resign Ford testified at the hearing that the House judiciary committees vote of impeachment articles against Nixon was evidence of Nixon s guilt of obstruction of Justice in the watergate burglary. He also testified that Nixon s acceptance of tile Pardon according to a White House research memorandum a does in effect admit guilt Quot Utility profit level said Down Kaleigh i Al a Carolina Power Light co. Sat a its per share earnings were Down again in the third Quarter of 1974 the company said its net income was >2t 4 million tor us Quarter ending sept. 30 this compared with $18 4 million for the third Quarter of 1973 hut earnings per share of common Stock dropped from 76 cents to 64 cents. For the 12 months ending sept 30. Up a reported net income was $68 4 million As compared with $68 6 million tor the same period a year ago earnings per share were Down from $2 83 to $2 16 for Hie 12 month period. Rockefeller s from rage i a convey his and mrs Fords concern and sympathy and their Hope that mrs. Rockefeller will have the same speedy recovery that mrs. Ford has in a statement released by the White House mrs Ford said Quot i am sure that the love of her family the prayers of the entire nation and her inner strength will be a great sustenance to her during this time. I Only wish i could be at her Side to give her the strength so Many have Given to a she s a very Strong person a wonderful person and has great strength of character and great moral strength and those Are All the qualities you Rockefeller said y

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