Market Dive Deepens as Auto Stocks Drag Dow
The stock market weakened broadly at midday with the Dow Jones average down 14.63 to 648.23 as auto shares and glamour issues led declines. Analysts cited weak durable goods data and rising consumer prices for September, with bankers forecasting slow recovery. GM, Ford, Chrysler slipped while IBM and Xerox fell amid disappointing earnings. The NYSE all-stocks index slid to 37.85 as Storm Drilling led Amex volume declines.
MENTIONED IN THIS ARTICLE
Lee Mitgang
NEW York (Ap
York Stock Exchange
Avon
American Stock Exchange
General Motors
Ford
Chrysler
McDermott
Xerox
IBM
Wang Labs
Amex
High Point Enterprise Rates and office details
The High Point Enterprise announces subscription rates for daily and Sunday editions, Sunday only, and mail options with per year and per month costs. It notes carrier and distributor responsibilities, and credits Ward-Griffith Company as national advertising representative.
MENTIONED IN THIS ARTICLE
High Point Enterprise
High Point Enterprise, Inc
Church Avenue
High Point
N.C
Associated Press
Wkly
wall +os
High Paint Enterprise, Inc
Thair
Tombac
d + Ward-Griffith Company
National Advertising Representatives
Charlotte meets with students and officials on four high schools visit
Charlotte and Boston students and administrators meet to discuss desegregation and ongoing racial understanding. Dwight Covington says progress comes with time and judging individuals. Charlotte teens admit lingering racial clashes but show effort to make desegregation work. Last week a high school closed early after large scale racial fighting.
MENTIONED IN THIS ARTICLE
Boston
Charlotte
Dwight Covington
Farmers To Slay More Cattle In Dubuque
In Dubuque Iowa about 1 000 calves will be slaughtered Saturday at the Dubuque Packing Co Calves will be processed free of charge and about 65 000 pounds of meat will be shipped to hurricane victims in Honduras Red Cross in Honduras has agreed to distribute the meat said Chuck Stoltz vice president Farmers in Wisconsin Iowa and Illinois had offered meat for Honduras after calves were killed and dumped in trenches last week
MENTIONED IN THIS ARTICLE
Dubuque
Iowa
Midwest
Dubuque Packing Co
Honduras
Red Cross
Chuck Stoltz
Wisconsin
Illinois
Dean Admits Using White House Fund
Former White House counsel John W Dean III testified that in 1972 and 1973 he personally used 4850 withdrawn from a secret 350000 White House fund. He said the money helped fund a honeymoon trip and other expenses, later repaying part of it, with details tying to the Watergate cover up trial proceedings.
MENTIONED IN THIS ARTICLE
Washington
White House
John W. Dean III
John J. Wilson
Dean
Wilson
Senate Watergate Committee
Gordon Strachan
Maureen
Rockville
Richard M. Nixon
Herbert J. Miller
Nixon
Haldeman
John DB. Ehrlichman
Miller
U.S
John J. Sirica
E. Howard Hunt Jr
Hunt
Daniel Ellsberg
Deans
Elisberg
Democratic ‘National Committee
Ehrlichman
Ellsberg
Campaign rhetoric and impeachment era trials described
The Ford administration faces domestic and global peace concerns as Democrats critique the president. Democratic National Chairman Strauss responds to Ford’s warning about Democrats harming world peace. The article also covers a funding probe involving Kalmbach and Dean, with Dean confirming payments to keep critics quiet. The Ehrlichman Haldeman Mitchell Mardian Parkinson trial concerns conspiracy and obstruction charges and perjury counts.
MENTIONED IN THIS ARTICLE
Ford
Robert §. Strauss
Ehrlichman
Haldeman
Atty
John N. Mitchell
Robert C. Mardian
Kenneth W. Parkinson
Mardian
Mitchell
Kissinger Reaches Moscow for Nuclear Arms Talks
Henry A. Kissinger flew to Moscow to press a new nuclear arms control accord with the Soviet Union. He met with Andrei A. Gromyko as Nancy Kissinger accompanied him. In Copenhagen he praised Western European relations and cited Nixon era achievements in foreign policy.
MENTIONED IN THIS ARTICLE
Moscow
Henry A. Kissinger
Soviet Union
Andrei A. Gromyko
Nancy
Kissinger
Copenhagen
Washington
Europe
Ove Guldberg
Denmark
Sweden
Finland
Norway
Richard M. Nixon
Nixon
Guldberg
Middle East
Tax fairness and energy measures target living costs
Wage price restraint aims to reassure business and labor that costs will moderate and living costs will be manageable. Proposals include tax equity for all with higher minimum taxes and estate taxes. Efforts to curb oil prices seek alternative fuels and tougher mileage standards within two years. Policy also weighs the impact of dollar-tightening on the middle class.
New Test For Cancer Announced
Scientists at the Medical College of Virginia report a still experimental cancer test is 87 percent accurate overall. The pill capsule fat carries radioactive carbon and after 20 hours exhaled air is measured for carbon dioxide tracing fat breakdown linked to tumors. In known cancer cases accuracy reached 90 percent across about 160 tested individuals.
MENTIONED IN THIS ARTICLE
Richmond, Va
The
Medical College of Virginia
Giovanni G. Costa
Costa
J B Gibson Named President of NANC Inc
J B Gibson of High Point is elected president of Independent Insurance Agents of North Carolina during the 77th annual meeting in Pinehurst October 6 9 succeeding R S Chic Webb Jr of Asheville. Gibson previously served as president elect and received the W C Coghill plaque for leadership.
MENTIONED IN THIS ARTICLE
J. B. Gibson
Janes and Peacock Insurance Agency, Inc
High Point
Independent Insurance Agents of North Carolina, Inc
Pinehurst
R. S
Chic) Webb, Jr
Asheville
Gibson
W. C. Coghill
North Carolina
Association
Also Mentioned on This Page
Business and Financial News Stock Market Report
New York
Kaneut
Kayser
SoCate
Sonres
ChrisCraft
Kresges
Civelni
Kroger
LearSle
Ava May
Ave
Tampak
Tekiranx
AlrLin
Contol.co
Snotskl
LaPacit
Texaco
Tesoro P
Texsgirl
Lokensstn
CravHinto
Timlin
Todd Shipyd
Crwzell
Curtis W
Te Ma Magvox
Dartind
McDonalds Maydsileo
Bennys
MeadCp
UniTell
MorNar
UOP
Eastairbin & Si Ts Sis
Motorola
Ia Ois
EltraColso
Varian
Einvicel
Pinas Evans
Wachova
Warnel
Weyerhr
Weit FedgDstt
Va FerChar
Norris
Norton
Froklam
Gannett
Gettyars
Pascovic
Vane Gaull Goad
PaPwLtgo Penneyi
Arizona
Pfizer
Giwneiiel
Wat
Aaa
Fgiant
Va PhilaEll
AlldCh
Grumm
Phiiipet
Abie Chal
Gusiuttaz
Poléroiv
Com- Altoa
Harris
Igt
Reo Hoallysu Av Ralston P
Twt
Ca Raythen
Howmet
Idahop
Andry
ArmstCk
Royccol
AtlasCarpy
Royidzie
ItekCorp
Tata
Ae Bendix
Boeing
Oun
BoiseCas
Va Borden
Ae Ava
Va BorWarl
Brist
Brunswk
Bulovaw
BurlNor
Burlindt
New ‘York
TVA
Burrghs
Industriat
CampRi
Bias Transportation
Campsl
Uility
CaraPwi
Vea Finance
Carrip
CartWall
Va Castlec
Dow-Jones
A.P. Stock
Aaeeetated Press
Ind
Adana
egisCorp
Asamera
Banstreuitt
Brasen
DixilynCor
Essexchem
FedResrees
Ed Mate FrontierAir al S
InstrumSys
Kaiseind
Medenco
NewparkRs
Olly
Ozarka
Texasinico
Brandwin
Usfiyr
Viewtex
Simon
Tawyer Wilson
California
Herbert W. Kalmbach
Watergate
Kalmbach
Kremlin
Soviet Communist Party
Leonid
Brezhnev
J.B. Gibson
Nanc, Inc
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