High Point Enterprise Newspaper Archives Sep 10 1974, Page 2

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High Point Enterprise (Newspaper) - September 10, 1974, High Point, North Carolina 2a High Point Enterprise tuesday september to 1974 business and financial news Stock Market report new York a Stock prices were slightly lower today As the Market settled into a listless Drifting pattern. The noon Dow Jones average % industrials was off .71 at 662.23. And losers held a moderate Lead Over gainers in quiet trading the new York Stock Exchange. Brokers said the Market appeared to be pausing for breath after a couple weeks Sharp swings that had the effect largely cancelling themselves out. Magna Vox was the big Board volume Leader up 4 at 9%, in trading that included a 221,600-share Block at that Price. The Stock is the object a $9-share tender offer by North american Philips. On the american Stock Exchange the Market value Index was off .25 at 66.68. Other nose issues the Active list included pen Walt Down 94 at 15m in a 200,000-share Block Trade. Golds which fell sharply monday were broadly lower again in Active turnover. Home stake mining fell 3 to 42 Asa Ltd., 3 to 75% dome mines 1% to 45% and Campbell red Lake mines 2% to 28. The Selloff in the precious metals stocks was attributed to an investment adviser s switch to a bearish View their prospects and to talk that Central Banks major Western nations soon might sell from their Gold reserves. The big Board s composite Index All its listed common stocks was Down .08 at 36.38. Gold stocks also dominated the amex most Active list with giant Yellowknife Down i at 8 Lake Shore mines off vat 3 and Wright Hargreaves unchanged at 1%, new York a Exchange new Vork a new y St och Esen Nae selected noon prices be let plus h i Low Lett Che. Abb la i 32 Llu a 9 38 % 38% 38%�? a act int to 7 a 31% 31% Siv % and Millis 20 la 3 3% 3% 3%. Addres 30p 25 4% 4% 4%. Aat Nall 08 s la 17% 17% 17%�? % air Ltd 20b h s 42% 42% 42<. At coins to s 30 a ii live % a Lone i to 413 14% 14% 14%�? % a teen Ai 1.20 7 21 37% 37% 37% % Allegro 46 a 15 7% 7% 7%�? % All Ludl 60 4 1 5 36 % 26% 26%. Ally pm i 52 6 39 13% 13% 13% % Malldch i so 7 to 32% 32% 32% % Ai Tschai 26 s 9 7% 7% 7%. Alcoa 1.34 to 91 42% 42% 42% % Amin i As 7 2a 36 35% 35%-% Ambar 50 4 i 7% 7 7% % a Hest 30b 3 x42 19% 11% 19 it am airline is Al 4% a a to % a brnds2 5a a 19 29% 29% 29% % amid Cal to $ Ioia 15% a % Ameen 2 20 a la 24 23% 23%-Va a Cyan i so 7 44 19% 11% 19%. Ameipw2 5 174 14% 4%14% % a Home its 149 33% 33% 33% % a Hosp 30 2 31 24% 33% 24% a ammo 20e 4 to 5% 45% 5% % Anatus 54 a 7 21% 21% 2i%�? % a smelt 50 3 94 17% 17 17%. 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Boeing to 4 Iai la 17% 14 % bouet is 50 3 31 11% he 11% % Borden 30 7 31 17 17 17 % Borward i 35 4 9 14% 14 14britt 1 52 12 54 41% 41% 41% % Brit pet 40e 2 24 7 4% 7 % Bruntak 32 4 53 9% 9 9% Boc Yeriel 12 to 23% 23% 23% % Budd co 80 3 12 8% i i i butane to 4 5 4% a a % bunk re 40 4 14 4 % 4% 4% Burundi to 5 4 11% 11% 14%% Burl Norl to 5 i 30% 30% 30% % Burrous a the High Point Enterprise established 1884 published every afternoon and sunday morning an Independent newspaper published by the High Point Enterprise inc 210 Church Avenue High Point . 27261 member Thi associated press rates by Mau Poy Oble in Advance Ivr. 0 to 3 to i to daily and sunday 136.40 $18 20 $9.10 $3 03 sunday Only $13 00 $6 50 $3 25 $1.15 by Corner wkly $ 70 monthly $3 05 . $36 40 mail subscription in sob Lect to 4% sates tax the associated press is entitled to the use for reproduction All local news printed in this newspaper As Well Osall a Newt dispatches. Entered As second class matter at the Post office High Point . Under act March 3, 1879 second class postage paid High Point . All carriers dealers and distributors Are Independent contractors and the High Point Enterprise inc it not responsible for Advance subscription payments made to them their representatives for Home delivery rate Contact your local Carrier. Word Griffith company National advertising representatives cd cadence ind 7 3 la 1% 1% % Calfin enl 4 2 2% 2 2 % Cempel 50 19 567 29 % 27% 2� -2% Camps i la to 12 to 25% 25%-% car owl 60 5 a 12% 12% 12% % carrcp.52 a 25 i 7% 7% % cart Wall 40 9 4 5% 5% a % castles 60b 6 la 11% 11% 11%% be Tertul 60 13 31 44% 47% 41 % lbs 1 46 10 101 34% 34 34%-% celan$e2 to 5 a 21% 21% 2i% % Cento inc 20 7 24 4 3% 3% % censowu2 7 17 12% 12 12% % Cerr Cpl 3 13 13% 13% 13% % Cert teed 60 7 27 7 % 7% 7% % cessna.90 4 to 12% 12% >2%cheap lilt 4 79 11% 11% 11% % Cassie 3.60 5 7 39 % 39% 39% % cmpneut2 a 3 21% 21% 21% % Chris Craft. I 2 2 2chrysin.40 i 76 12% 12% 12%cit Fin 20 6 la 25% 24% 25% % Citicorp Roll 119 25% 25% 25% % cities so 2 40 5 19 3a% 3634% % Clarke 1.60 a 4 24% 24% 24% % Cave ill 2 40 a i 21% 2121% cocecol2.13 la i5a 41% 47% 68% % colgpal.59 14 102 19% 19% 19% Coloss i 98 5 52 16 16 16combed to 6 x 40 25 % 24% 25 a com som 20 i 2 24% 2s a 27% % comwe2 30 i 21 20% 19% 20% % Comsat i 6 5 25 25 25 a coned 45p 3 40 6% 6% 6% % conrail.35 5 31 12% 12 12% % conngs2. To 7 32 11% 11% 1l% % ronsupow2 6 35 10% 10% 10% % cont airline i 17 4% 4% 4%-% Coneen 160 a 3 20% 20% 20% % cont cp2.60 6 69 24 % 24% 24% % Centon 1.10 5 31 31 30% 30% % Cornice 6 31 to 10% to % Contr Dat 5 23 15% 15% 15% % Coop nil 04 6 i 75% 25% 25% % corng112a 13 35 50 49% 49% % pc int 86 i 12 26 25% 26 pro thin 60 7 i 13% 13% 13% % Crown Cork 7 20 is 15 15 Row Zell 60 5 19 23% 23%-. 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Stevens i 20 3 27 1 2% 12% 12% % a Guwor i 32 3 2 22% 22% 22%-% Sun Oil 9lr 4 9 36% 36 36% % sys Rondon 4 6 3% 3% 3%�? % to Tempee 96 7 i 9% 9% 9% % text Ron 20 to i 24% 24% 24% % Tei Edyn 40t 4 49 11% 11% 11%�? % Tele prompt 56 2% 2% 2% a tel exp 30 2% 2% 2% % ten col m 5 87 18% 18% 18% tesorop.24 3 60 13% 13% 13% teaco2 3 454 22% 22% 22% vate Earl to 6 14 22% 22% 22% a 20 6 4 3 22 % 22% 22%-% Tex inst i 18 164 74 % 73% 74%-% te�pld.55e 6 i 21 21 21 a % text Ron i to 5 19 12% 12% 12% % Thi Okol 70 5 33 14% 13% 13% % Thrift do 40 5 2 4% 4% 4%. Time Mir 50 7 x31 Lull la a % time no 80a 5 18 24% 24% 24% % trans Wair to 47 6% 6% 6%�? a transom 59 6 49 5 % 5% 5%�? % tricon2 79e 34 15% 15% 15% % try ini.12 4 157 12 11% 12 a % twencen.20 9 5 6 6 6 % us ualinc37e 4 117 16% 16 16%. Ump incl 4 12 9% 9% 9%---- uncarb2 20 6 142 37% 37% 37%�?% us glee i 28 7 26 9 % 9 9%. Norall 98 4 49 32% 32% 32% % upacrp2 80 to 40 65% 4% 65% % 5 33 7 6% 7 % unitairctt2 5 3 27% 27% 27% % uni brands 3 23 4% 4% 4%. Us top 7se 32 5% 5% 5% % Unmil 40 3 x13 14% 14% 14%% us Gyps in 5 17 15 15 153 % us ind 72 3 78 5% 5 5 % us us 2 40 5 212 43 % 43 43% % uni Tell 7 48 11% 11% la % up 70 4 83 la. 10% 10% % Uptown 96 19 467 54 51 a 51%�?3% by my i 3 16 17 16% 17 % q Vav Varian 20 6 18 7 6% 6%�? % vendoco.40 to 3 4% 4% 4%. Veto Otish 14 13 20 19% 19% % 4 110 7% 7% 7%---- Vvs we a a Zachova 76 5 32 12% 12% 12% % Wernol 84 11233 21% 21% 21%-% Waspi 48 8 i 16% 16% 16%---- a Nail 40t> 4 18 7% 47% 7%�? % in incl 40 4 28 14% 14% Union i 40 4 218 9 % 9 9% West Gei 97 7 818 9% 9% 9%�? % a eyerer 80 11 127 30% 30 30%. The Fry 40 6 8 9 1% 1%. Whirlpool 80 8 70 14% 14% 14%�? % Whitem Joe 3 14 10% 10% 10% % Whittaker la 19 2 3 2 2wms cos m 9 17 56 54 % 56wmndxt.32 la 2 27% 27% 27% % Winnebago 26 4% 4% 4%�? % wolwfhl.20 4 131 11% 10% la % a a a Xerox Cpl 20 333 81% 78% la 1% Zenith i 52 7 108 16 15% 16copyrightedbytheassociated press 1974 states chief lawyers unhappy Over Pardon by Louise Cook associated press writer Twenty three the 50 state attorneys general disapprove president Ford s unconditional Pardon Richard m. Nixon saying it was precipitous and establishes a double Standard Justice. Seven attorneys general approve. Quot this action repudiates the Basic american belief that no Man is above the Law a said Michigan atty. Gen Frank Kelley a Democrat in a statement echoed by Many his colleagues. The associated press attempted to Contact All 50 chief state Legal officers for their views the Pardon Ford issued sunday and what it Means. Seven were unreachable. Of the 43 attorneys general who answered 18 democrats and five republicans said they disapproved six republicans and one Democrat approved five declined to comment and eight said they had mixed feelings. The Legal experts who disapproved the Pardon gave several Basic reasons a it was ill timed and Ford should have waited until Nixon was accused convicted something in the courts before he issued any Pardon. A the action sets a double Standard Justice a one for the former president and another for everyone else. A pardoning Nixon raises questions about pending watergate trials. Those who approved generally Felt that Nixon had suffered enough in resigning the presidency and agreed with Ford that it would be months and possibly years before the former chief executive could get a fair court trial the president and president elect the National association attorneys general both expressed disapproval the Pardon. Pardon Sparks another official to resin pos new York a Stock Index new York apr noon new Yoek Stock e change i Index Market. 5 cent Index. 36 38 -0 08 Industrial 40 24 w transportation. 26 39 0 02 Utility. 24 91 10 13 finance 36 30 Oldow Jones a averages Stocki. 30 artau tort. 662 3-0 71 20 transportation. 137 is 0 04 15 utilise. 0 300 10 65stack� 202 05 -0 08 Bonds 60 Bono 64 99 6 Lohrig nth Grade rail. 47 unch to second Grade rail. 61 910 to Public util tit. 79 18 -0 a Mondui Riata. 71 88-Fo 12 . Stock a averages. Campi in by that lactate pre 38 is i 68 ind. Rail ubi. Stack net change -2 3 i noon t it 118 4 71 1 206 5 Brev Day. J26 0 uss 71 1 207 4 Waal. Ago327 3 119 4 71 9 208 7 month ago 375 2 135 4 81 5 238 2 year ago 450 1 133 2 Haj 2818 1974 High. 458 7 177 7 Hoo 300 8 1974 Low. 319 2 115 7 70 9 203 6 1973 High. 532 7 184 7 146 3 346 9 1973 Low. 405 9 125 5 97 9 261 0 Bono averages Kerne led by the atm Ciales Prat 28 18 18 18 it rail lad. Umi. Of. . Net change noon tues 47.6 68 2 80 i 97 2 66 9 prey Day 47 6 68 2 80 i 97 2 66 9 weak ago 47 6 69 0 80 2 9$ j 67 6 month ago 47 9 712 80 2 97 5 69 9 Yaar ago 51 6 80 3 86 4 97 4 75 9 1974 High 53 2 81 i 88 2 99 0 78 0 1974 Low 47 5 68 2 79 8 9 7 2 66 9 1973 High 53 9 85 4 89 3 99 6 82 2 1973 Low 51 6 78 0 85 2 96 3 74 2american a Exchange new York a american Stock Exchange selected noon prices s Sale be ads High Law last chg. A a Aegis corp 4 1%% a % a Petri i 50 5 6 26 % 2>% 26% % Samarao 6 83 6% 4% 6%�? % i a 13 29 4% 4% 4%brasch alb 2 j 12 12 12. Brewer 40 6 7 14% 14% 14% % Buttes gom 7 33 14% 13% 14%. 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Kant so 60 6 i 13 la 13 % a la i Alay radio i 32 4% 4% 4% % laacntr.36 8 6 13% 13% la a % Law theft 41 3% 3 3% log Corput 8 in 1% 1% my my marshal ind 3 2 4% 4% 44 Medan co 12 4 2 3% 3% 3%�? % Milgo exact 4 i 7% 7% 7% % non a Nawl dream 21 5 i to % % % new Parks i 65 1% 1% 1% n proc 35a 6 5 4% 4% 4% % nor Nohs 6 6 2% 2% 2% 0-0 orc up i 3 i is is is >4 Olar a 05a 8 16 3% 3% 3% p q Phoenix St 4 5 3% 1% 3% % rat pack 5 5 3% 3% 3% % resorts Entla 20 3 1% 1% 1% is Scurry rain 28 i 20 20 20 % syntax 40 16 175 35% 34% 35%1 % it to Texas Tatco 9 29 3 % 3% 3% Tutti corp 20 33 2% j 2 a % us in Brandt la % % % us filter 20 4 9 4 % 4% 4%f >4 v a a Vamper 24 4 4 3% 3% 3% % View Lex 17 is-16 13-16 % Van corp 4 40 2 2% 2% w we Wes Tetsoti 6 17 2% 42 2% % Walls pro 10a 8 17 5% 4% $ Xuy Yates and 4 6 7% 7% 7% % pres 1974 Over the counter bid asked quotations from the Nash Are representative inter dealer prices As approximately la a m. Inter dealer markets change throughout the Day. Prices do not include retail markup Mark Down commissions. These quotations Are provided through the High Point office e. F. Hutton co. Inc. Bid ask american furniture 2% 34 Anheuser Busch 21� 22v< Atlantic Pepsie 4va Bassett furniture 14vt 15 Bluefield Supply 9 9v Cam. Fin. Corp. 91� 95� Btl. Con. 6v4 Daniel int. Com. 16v 17 a head corp. 394 4% Henredon 1994 2094 Hickory furn. 494 4% j. B. Ivey 394 494 Lane 12 13 life Carolina 194 194 a cab corp. To a 1094 . Natural Gas 6�?~a 694 a a St inv. Co. 8 894 Phillips Foscoe 194 2 Piedmont Avia. 494 5/4 pub. Serv. Of . 654 7 hex plastics 794 894 Royal scots. Inns. 94 i s. Film extrude. 394 44ford s life threatened in phone Call Buklin Uton n. C. Apr a Man who refused to identify himself telephoned a Burlington newspaper today to say he and others would attempt to kill president Furd during a scheduled visit to Pinehurst wednesday. Betty Baker switchboard operator for the Burlington daily times news said the Call was received at 11 40 am. She said the Man told her Quot just wanted you to know a group us Down Pinehurst Way Are going Down and kill Ford Well be there when the stadium opens Quot Ford is scheduled to participate wednesday in the opening the world Golf Hall Fame in Pinehurst. Mrs. Baker said the Man refused to give his name to talk with anyone else the Cost products a Farmer must buy to produce his crops and animals Rose 67 per cent Between 1950 and 1972 Washington a the third ranking member the watergate prosecution Force has resigned because the Pardon granted former president Richard m. Nixon. A i would not have resigned today if my responsibility Hadnot been 31-year-old Philip a. Lacovara said in an interview monday. Quot my responsibilities in the past included developing Legal and policy arguments concerning the role the president under the Law and the role the former president under the Law. Quot sunday s action by president Ford disposes the Lacovara counsel to special prosecutor Leon Jaworski said he did not wish to go beyond that for fear that it might interfere with a fair trial for the watergate cover up defendants. Quot in a not saying in a leaving because a disagreement a Lacovara said. A a it a because my own responsibilities take a different Lacovara had a part in All investigations conducted by Jaworski a office and was in charge appeals arguing part the governments watergate tape Case before the supreme court. Unhappiness with president Fords announcement that he was absolving the former president guilt for any Federal crimes he May have committed while in office was voiced by the Foreman the grand jury that named Nixon an Unin shallow grave gives up body Lillington no. Apr the body a woman a rope around her neck and her hands tied was found in a shallow grave a farm near Lillington monday night. Officials said the woman not immediately identified was choked to death about 15 hours before she was found. Officials said she was about 25 years old. The body was sent to to the state medical examiners office in Chapel Hill for an autopsy. Dieted co conspirator in the cover up Case. Vladimir n. Pregelj said that Quot the due process Law should have taken its course Quot and added Quot if the grand jury has any options its own. We May have to discuss them and see what could be Pregelj said the jurors he has talked with expressed Quot disappointment dismay and outrage at the Blanket Pardon. But he said that if any Legal action is taken despite the Pardon it would have to be done by rate hikes get Federal support Washington a Treasury Secretary William e. Simon and other Federal officials reportedly plan to urge state Public Utility commissioners wednesday to Speed up action rate increase requests from electric utilities the Gist the message from Federal officials will be that electric utilities need higher rates to cover their increased costs a Treasury department source said. A Treasury spokesman said nearly too state Public Utility commissioners would attend. He said the meeting was scheduled to coincide with a conference the National association regulatory Utility commissioners being held this week in Hershey a. Although the Treasury first said the meeting would be closed to the press and Public it reversed itself today and decided to admit the press and some consumer representatives. The reversal came after several consumer groups criticized a closed meeting an Issue that could result in higher electric rates for Consumers. The Treasury had not made any Public announcement the meeting although it was mentioned in a Calendar events at the Federal Power commission where the meeting will be held wednesday afternoon. School standards questioned Kaleigh apr John h. Lucas president the North Carolina association educators says the state has a responsibility assuring parents that private schools meet the same standards which have been established for Public schools. Lucas spoke to a legislative commission which is studying the relationship private and Public schools the relationship private schools to the state department Public instruction and the certification teachers in private schools. Lucas told the commission the Nae has no quarrel with private schools As such but feels Quot private schools should maintain certain minimum he noted there Are Many Quot outstanding private schools in the state which have been in existence for Many years and meet stiff accreditation Quot we do feel however that Many the instant private schools which sprang up in recent years As a reaction to integration the Public schools Are perpetrating a fraud the Public a he asserted. Lucas said Many the Pri vate schools Are not accredited. Civil service control said Nixon aides aim Washington a a congressional investigator says alleged improprieties in the Law enforcement assistance administration May be part a wholesale subversion civil service regulations. Quot we know the Nixon administration had an avowed aim controlling the civil service machinery by placing loyalists in High level career positions in possible violation Federal regulations said Frank Silbey an investigator the staff rep. John e. Moss a Calif. He noted that the civil service commission has found evidence such practices at the general services administration and the social and rehabilitation service. The commission has investigated similar allegations at the department housing and Urban development the state department the Small business administration and several other agencies but has refused to disclose the findings Silbey said. Quot we have a wholesale pattern which seems to have emerged a very ominous pattern patronage appointments throughout government he said Moss has asked atty. Gen. William b. Saxbe for a Justice department review a the activities uncovered at the social and rehabilitation service with a View to bringing possible criminal Silbey said Moss has received no Justice department response. Department officials could not determine the status the request monday. Silbey said a inside sources at be a a have complained similar patronage improprieties within the crime fighting from rage i a Ting a Pardon before . Nixon was indicted tried and convicted a Ervin said. A pardons Are for the guilty not for those who profess their innocence a he said. He added that the question whether acceptance a Pardon constitutes a confession guilt could occupy constitutional scholars for generations. Ervin said the Pardon raises Quot agonizing questions about Nixon aides who have gone to jail and still face prison terms for their crimes. People respond to Pardon March request impeachment by the associated press a National committee to impeach president Ford is being formed in California two Ohio ministers have called for a special presidential election and an estimated 2,000 persons demonstrated in Wisconsin the moves came As continuing reaction to president Ford s full Pardon for former president Richard m. Nixon for Federal crimes he May have committed while chief executive. In North Dakota a county judge freed two men he had sentenced to jail As an act clemency Quot in response to the Pardon Given Richard Nixon by Gerald Ford. A judge Kirk Smith said in open court at grand Forks that Quot it is the intention this court to commute any unnerved jail time and unpaid fines in the above cases and they Are therefore set John l. Smith 29, Manvel n o., was released with 50 Days to go a 75-Day sentence for driving while under the influence alcohol and failing to appear in court he also escaped a $225 Fine also set free was John m. Klein Sasser 20, grand Forks who had three Days to go a 15-Day sentence for a traffic violation judge Smith said he took the action As a personal response to the Ford Pardon Quot not in agreement As an opposition sex prisoner Smith s reaction Quot its Lucky for us there s Good old president Arthur m. Schaffer a professor constitutional Law at Western state University and former assistant District attorney in san Francisco and Larry Schwartz history professor at san Diego City College said monday they Are forming the impeachment committee Schaffer termed the Pardon Quot the ultimate coverup attempting to foreclose any investigation indictment trial . Schaffer and Schwartz both were Active in the american civil liberties Union Campaign for the impeachment Nixon they accused Ford obstructing Justice by pardoning Nixon and destroying evidence through the agreement which gives Nixon ownership the watergate tapes and allows him to destroy them after five years. In Cleveland Ohio the revs. Richard a. Carley and Paul e. Johnson termed the Pardon Quot a skin graft Over a cancer and called for a special presidential election. Ford thinks watergate will go away but we Are far from that a said the Rev. Or. Carley executive presbyter the presbytery the Western Reserve the United presbyterian Church the u s a and the Rev. Or. Johnson associate presbyter. The Rev. Or. Carley told Ford in a Telegram that a special election was needed to restore the Peoples Trust in the Ford administration. The Wisconsin demonstrators who marched around tile state Capitol at Madison in protest the Pardon also called for amnesty for Vietnam War draft evaders a Token memorial for the overthrown Allende government Chile and an anniversary memorial for the Attica n y., prison riot

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