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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 24, 1975
Page
1
A New York market report shows the Dow off 3.85 to 851.31 as profit taking cools a four session rally. Banks cut prime rates from 8 to 7 percent, while NYSE volume rose and Weyerhaeuser slid on news of a $200 million convertible preferred stock issue.
The High Point Enterprise outlines subscription rates for daily and Sunday editions, including daily and Sunday only options, weekly and monthly plans, plus a 4 percent North Carolina sales tax. It notes Associated Press rights and local carrier policies and forbids responsibility for advance payments.
Charlotte AP report identifies a 25 year old man from Misenheimer killed in an early morning automobile wreck in Mecklenburg County. Authorities name the deceased as Stephen L. Anspaugh.
Airport police joined the walkout while city firemen refused police duties and private guards guarded police property. Five supervisors remained at Will Rogers World Airport to keep operations open under federal baggage security rules as the Fraternal Order of Police softened its stance.
General Motors Corp with 22 years of HMO coverage and over 17 000 employees enrolled reports lower health care costs for workers in Kaiser Permanente HMO California but not nationwide says Robert A Lennox assistant director for benefits. Illinois Bell Co part of AT&T says its HMO enrollees are hospitalized half as long as other plan members and notes inpatient care makes up 61 percent of employee health costs rising 21 percent in the last year.
Moroccan sources report Spain tentatively agrees to hand over Spanish Sahara to Morocco which then would cede part to Mauritania. Algeria opposes claims and backs self determination. Agreement potential faces Franco health issues and delays. A symbolic portion from the marchers would reach El Aaiun.
Washington AP In the Senate an eight month Daylight Saving Time extension for two more years is under discussion before regular time resumes. The bill by Sen. Adlai Stevenson III would push DST to next February and let the Transportation Department study the eight month schedule. A separate proposal would stretch DST to nine months next year.
Two Connecticut men Ronald Ralph 27 of Manchester and David Burke 26 of Endfield pleaded innocent to air piracy charges over a charter flight from Greensboro North Carolina to Atlanta that ended in Tampa Florida. FBI arrested them October 8 and they were indicted the previous week. Trial was set for the second week of January.
Mitchell testified during three days of hearings on illegal mail openings by the CIA and FBI. He said he learned of the Huston plan after it had been ordered into action and that he urged the president to turn it down as contrary to U.S. interests. He added he told Nixon of his disagreement immediately.
The fall High Point furniture market enters its second day with a nine day run and record first day attendance. Industry leaders Robert Tyler and Jack Kelly outline limits on resource use and insist on quality design. The shift toward country French English and Shaker styles continues as contemporary pieces gain share, with wood remaining central to the Bicentennial era.
A legislative plan by the committee and Ford aims to distribute tax cuts similarly across income groups. It would permanentize 1975 hikes in the minimum and maximum standard deduction, create a 1976 tax credit replacing the current $30 per taxpayer or dependent credit with 2 percent of the first $12,000 of taxable income, yielding up to a $240 maximum credit per return.
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