Market Slides After Rally Fails On Bank Rate Cuts
New York stocks drifted lower as hopes for rate cuts faded. Dow Jones at 833.67, down 5.75, with losers ahead of gainers on the NYSE. Ethyl Corp. trades quiet, Conway deficits weighed on NYSE index, Gulf Resources earnings slide, Bates Manufacturing rises on tender offer plan.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
First National City Bank
Chicago
Continental Illinois
New York City
Ethyl Corp
Over-The-Counter Textile Firms and Banks Mentioned in List
A compendium of firms appears including Meremenor Textiles Thaihimer Bros Triangle Brick Unifi Inc Ua Corp Baneshi Va International Va Natl Bank B.B. Walker Shoes Washington Group West Knitting Corp White Shield Co Wix Corp Wright Machinery and others with percentages 10 14 and 5 indicating share or rate context. The entry reads like a directory item or market summary listing multiple companies and a few numeric values.
MENTIONED IN THIS ARTICLE
Pgisa Meremenor Textiles Inc
Thaihimer Bros
Triangle Brick Unifi_ Inc
Ua. Corp. Baneshi. Va. International Va. Natl. Bank B.B. Walker Shoes
Washington Group
West Knitting Corp
White Shield Co
Wix Corp
Wright Machinery
Sunday Only The High Point Enterprise Ad Rates
The High Point Enterprise outlines subscription prices for daily and Sunday delivery with annual and monthly rates for in and out of state, including mail options in North Carolina subject to sales tax. It lists advertising representation and local delivery details for readers and distributors.
MENTIONED IN THIS ARTICLE
High Point Enterprise
Cyren “Avenue
High Point
N.C
Associated Press
AP News
High Point Enterprise, Inc
Ward-Griffith Company
National Advertising
Banks Face Problems If New York Defaults
Washington regulators report 53 national banks could face insolvency or liquidity issues if New York City defaults on its debts. Banks hold New York City and State securities as collateral and would need additional collateral if defaults occur. Nine banks are deemed most critical with assets totaling $898 million.
MENTIONED IN THIS ARTICLE
Washington
New York City
Comptroller of the Currency
James E. Smith
Comptroller’s
Smith
House
Federal Reserve Board
Federal Deposit Insurance Corp
Comptroller
New York State
Florida
U.S
Alaska
Idaho
Montana
Oregon
House Approves 12 Cent Letter Stamp Increase
The House on Thursday approved a postal bill cutting the planned increase to 12 cents for a one ounce letter. Current rate is 10 cents with a 20 percent cap on this year's rise. Rates set to take effect December 28 after a 267 to 113 vote. The Postal Service had proposed raising first class postage to 13 cents for the first ounce.
MENTIONED IN THIS ARTICLE
Washington
House
Postal Service
U.S. Postal Service
1950 Plane Mystery Stirring Soviet Prisoner Claims
Eight of the ten Navy crewmen may still be alive according to Grevers who cites statements from former Soviet prisoners. John Noble and William Marchuk described crewmen in Camp Verkuta who feared never returning home and said the Russian government was told the U.S. had lost interest in recovering them. Senate Intelligence staff will review, though no major probe is planned. White House said Soviets replied in 1974 that the sailors could not be located in Russia.
MENTIONED IN THIS ARTICLE
Navy
Grevers
Pentagon
John Noble
William Marchuk
Verkuta
Siberia
Noble
Marchuk
United States
Senate Intelligence Committee
Frank Church
D-Idaho
White House
Ronald Nessen
U.S
Soviet Union
Nessen
Russia
NYC Guarantee Passed By Panel
A House Banking subcommittee approved a bill offering 7 billion in loan guarantees to fiscally ailing New York City. After two hours of debate the subcommittee voted 10 to 6 for the measure, with nine Democrats for and two against. White House veto looms as Governor Carey sought less aid.
MENTIONED IN THIS ARTICLE
Washington
House
New York City
Economic Stabilization
New York
Hugh Carey
Ford
GOP
Stewart B. McKinney
Connecticut
New York State
Ford flays NYC crisis as he appeals for restraint
President Ford derides New York City’s fiscal crisis as self inflicted by local leaders while pledging to block federal aid. He warned against bankrupt cities and urged Republicans at fundraisers in Milwaukee and San Francisco, saying the nation cannot open the Treasury doors to every city in trouble.
MENTIONED IN THIS ARTICLE
Washington
Ford
New York City
Milwaukee
San Francisco
Los Angeles
Nelson A. Rockefeller
New York
U.S. Treasury
St. Francis Hotel
Sadistic trio blamed for string of fearsome home raids
Local police dispatched 60 officers Thursday as they pursued a trio of gunmen who attacked six homes in two weeks. Victims included a 19 year old raped after a break-in and an elderly couple bound and assaulted. Loot was cash and small items. doctors say one victim avoided blindness. Police say the acts seem thrill driven, with no clear motive beyond sadistic pleasure.
MENTIONED IN THIS ARTICLE
Coleman
James Kelly
Winter Garden
Kelly
Majorie Bray
Orange County
Shapp Frames 1976 Campaign Focus on Economy
In a Southern regional Democratic Forum session, Governor Shapp argued voters distrust Washington and prefer executive leadership from large states. He said the economy dominates the 1976 campaign and a state chief executive may attract more support than a Congress member. About 200 people attended the two day event.
MENTIONED IN THIS ARTICLE
Shapp
Democratic Forum
Congress
White House
House
Senate
Asheville Police Slowdown Stirs Pay Dispute Reflected
Asheville officers began a work slowdown over a pay dispute with the city council. By noon most calls were answered, including a school crossing assist and a noninjury traffic crash. The slowdown halted a local high school football game until Monday.
MENTIONED IN THIS ARTICLE
Asheville
Bill Moore
Moore
Buncombe County Sheriff’s Department
Asheville High School
McDowell County High School
W.L. Dillingham
Fraternal Order of Police
North Carolina
Dillingham
Man Saves Woman And Grandson In Interstate Rescue
In Birmingham Alabama Jim Henson a 37 year old salesman helped avert disaster when Ester Stewart fainted while her car drifted toward a guardrail with her 2 year old grandson Tommy Kitchens on the front seat. He guided his pickup to shield them pushing the other car into the rail and steering away from danger. Stewart credits Henson with saving their lives stating there is no better man.
MENTIONED IN THIS ARTICLE
Birmingham
Ala
Jim Henson
Ester Stewart
Henson
Also Mentioned on This Page
Business and Financial News Stock Market Report
American Stock Exchange
Gulf Resources & Chemical
Bates Manufacturing
NYSE
Champion Home Builders
NEW York “Stock Index
Wachova
Warnerl
Asia
Wunionl
WesigEl
Weyerhr
WilmsCo
Chessler
ChrisCraft
Chrysler
Sas Pascovse
Citicorp
PennDix
Penneyl
Clark
Va PaPwLt
Neves
wWe
Eas Tneyb
Aes
CPC
Crouxin
Whee CrownCork
Curtis Wr
Va Ralston P
Rancom
Va Raytheon
RCAI
Delta Air
Dennys
Evion
2 Reynin3.08 8 18 58% 58V/a SBb— 9 DiamSh1.80 & 12 Vs ReynMetla
Wat Ve DillonCo
Disney
Royccol
DowCh
RyderSys
EastAirLin
Va el Pasol
Esmarki
Searleg
Represen- FeddersCp
Orannes
Commission
Aaice
SouthCol
Atlantic Pepsi
Sperryr
Bankers Trust of
S.C
Ava
Bassett Furniture Téa
StBrand
Inds
Frnkinm
Beens Stevens
Capri
Svat
Weeeer
P&l
Steel Corp
Tektronx
Caro
Wise
Flo
Cato Corp
Central Caro. Bank
Tirel
Rips
Central Vermont U
Genescoline
Tenncol
Sess Charter Bancshes Com
SY GaPac
Avsgales Tesorop
Chaltham Mfg
Texsgift
DYD
Cochrane Furniture
Wa Goodrhl
Texinstl
Colonial Life Cl
Conner Homes
Va TimeMir
Vox
Daniel Internat
GtWoFin
Diamondhead Corp
Ave GrGiantl
Durham Life Ins
Va Engraph Inc
Va Fidelity Corp
Gulfailt
ENB
Catawba Ia
VaVe Vwa
Twencen
GSIM
Farmers New World
First Union
Forsyth Bank & Trust
Fraklin Life Ins
Guardian Corp
Harrelson Rubber Co
AdmsMillis
Hercules
I Uniroyal
Seers Heilig Meyers
Wesee Hoernw
Wala Va Roeseaees Itea Trust
HoffEldra
Big UniTell
Lave Ye Lance
Ine
Kenan Transport
AllgLudi
Piohn
Mae Leggett. & Platt
Owe’'S Co
Alcoa
Mack's
AmAirlin
Ncnb Corp
Corp
Dees Occidental Life Ins
Piedmont Aviation
Piedmont
Amt
AmpexCorp
Ye JthaManl
Va Rex Plastics
John Ja
Vada JonLogn
ApecoCor
JoyMigwi
Va Shoneys Big Boy
Wss
Y2va ArmstCk
Va Sonoco Products
Asarco
Kellogg
Kennecott
Natl. Corp
AtlasCorp
Kerr McGel
AvcoCorp Es
Eeene KimbCil
Synercon Corp
Babckw
Ya Kresges
Balge
Va Krogerl
Va Bauschl
Bell How
Levitz Furn
Bendix
Libbmcnl
Tmaue Benfil Cpl
Bethstiza Bengib
LockhdlAire
Boeing
Ya Bordens
LaPacif
Ya BorWarl
LTV Corp
Va BristMyl
LuckStr
Tove
Va LykeYngle
Brunswk
BucyEriel
Macke
Macmill
Marcoryo
MarMidl
Neous CaroPwl
Cartwall
CastiCk
MorNor
Motorola
MiFuell
MiSiTell
Mabisco
NCR Cp
UN Waye Tva
NewPw
Newmtl
Dow-Jones
AegisCorp
BradRaide
Gearhart
InstrumSys
Jamswy
Reese JduniperPet
Kaisrind
I KanebSv
Kin ArkCrp
Lam Ve LafyRad
Diem
Va Ltvcor
McCullOil
Palee Medenco
MichSugla
MilgoElect
Newldriam
Eres NewparkRs
NorConOils
Ozark Air Ri
Permaner
Ambos
ShellRes
Syntex
Erran
Tuftca
UnBrand
US Filtr
Aeee Valsper
Aeee Valsper.24 13 1 ‘He 3 Bemth Vikoa Inc
WestatsPt
Wilshro
WyleLab
A.P. Stock
Associated Press Ind
Twe Associated Press
Ceel Rails
Ind. Util
Fgn. L. Yd
NEW York Exchange
Nyc
Lake County
Bob Tanner
Udall
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