New York Stocks Rise as Tax Credit Debate Favors Markets
The Dow up 7.40 to 845.88 as House Ways and Means backs extending the 10 tax credit through 1980 and Senate Banking weighs federal loan guarantees for New York City. NYSE volume climbs to 7.14 million. American Exchange index up. Analysts cite NYC debt fears eclipsing cut in banks lending rates. President Ford to address the city’s finances Wednesday, stirring speculation of aid.
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New York
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Ways and Means
Senate Banking Committee
J.P. Stevens
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High Point Enterprise Advertises Rates and Policy
The High Point Enterprise provides subscription and delivery rate details, noting al l local news rights to Associated Press content and disclaimers about independent contractor distributors. It lists mail and carrier options, tax notes, and general office information for the Durham area.
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St Paul fights subsidies in North Carolina Malpractice plan
St Paul Fire and Marine Insurance Co. opposes requirements that other insurers subsidize a physician owned firm and join a medical malpractice reinsurance pool. The company argues the plan should stand on its own and has pursued court exemptions while awaiting a November hearing.
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North Carolina
Lability
St. Paul
Physicians’ Mutual Insurance
Smith
North Carolina Medical Society
North Carolina Hospital Assn
Lloyd’s of London
John Ingram
Ingram
Doctors and interns defy court order at Cook County Hospital
Doctors and interns at Cook County Hospital vote to continue their strike despite a circuit court temporary restraining order. About 490 of 525 house staff physicians joined Monday walkout, refusing to treat nonemergency cases as mediation failed on salary benefits and union security.
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Chicago
Cook County
Robert Madsen
House Staff Association
Circuit Court
Donald O’brien
Release Of Prisoners Opposed
Corrections Secretary David Jones rejected a proposal to release 2000 to 3000 of North Carolina least dangerous prisoners to ease overcrowding. He warned such a move would endanger citizens, calling instead for expanding facilities to house offenders and resist liberal calls to release criminals before fully paying their debt to society.
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Raleigh
David Jones
North Carolina
Jones
North Carolina may shape the next president race
The piece analyzes how momentum from New Hampshire and Florida could decide North Carolina’s Republican nomination. Ford faces pressure if he falters in New Hampshire and Florida, while Reagan’s past wins in California and Texas bolster his position. Momentum and activist blocs may swing the outcome.
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Holfhouser
Jim Gardner
North Carolina
New Hampshire
Florida
Ford
Reagan
Michigan
Barry Goldwater
George McGovern
Lyndon Johnson
Meldrim Thompson
William Loeb
Manchester Union
State agency bias report targets LEAA funds and reforms
An official report cites estimated bias costs of 51.8 million this fiscal year and accuses the state of violating antidiscrimination rules under LEAA. It notes minority employment at 3.98 percent in the Justice Department with 327 employees. It calls for federal complaints, potential lawsuits, and political coalitions to address discrimination, plus a plan to form a minority status commission and independent evaluation of testing and promotion systems.
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Law Enforcement Assistance Administration
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Departments of Justice
Corrections
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White
Connally urges press caution on economy and assassination coverage
Former U S Treasury secretary John Connally told the Texas Association of Broadcasters in Houston that the news media need caution and judgment on national issues especially big business and the economy. He also criticized coverage of presidential assassination attempts in California.
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Houston
John Connally
Texas Association of Broadcasters
U.S. Treasury
California
Darlington mill workers recall long wait for settlement
Forty-year veterans recall the prolonged fight over missing earnings at the Darlington plant. George W. Scott, now 68, says he did not keep a record of pay, and many workers have given up hope of recovering funds after 19 years. Fred Roger testified in place of his wife, Anna Marie Rogers, who died five years ago after 28 years at the plant. The men question whether a millionaire ever loses his fortune to such claims.
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Dam
George W. Scott
Darlington
Fred Roger
Anna Marie Rogers
Holiday Inns Reports Q3 1975 Revenue Rise
Memphis based Holiday Inns Inc reports a 2.5 percent rise in revenue to 255,088,000 for the third quarter of 1975, yielding 56 cents a share versus 51 cents a year earlier. Occupancy fell compared with 1974 as increased food and lodging revenues offset costs and royalties from licensed inns. Nine months ending Oct 3 revenue totaled 696,145,000, up 3 percent from 1974.
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Memphis
Holiday Inns
Holiday Inns, Inc
Nat Burning Packing Group
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