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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Sep 11, 1974
Page
1
New York stocks drifted in a holding pattern near yearly lows as inflation concerns weighed on sentiment. The Dow rose 3.99 to 662.16 at noon, but decliners led gainers 6 to 5 in light trading on the NYSE.
New York exchange listings show a dense stock table with major firms and dividends. The High Point Enterprise carries AP sourced stock quotes, rates, and an explainer on subscriptions, carriers, and ad reps, reflecting 1974 financial data and distribution details for High Point readers.
After a two month delay the New York Stock Exchange board will vote on extending trading hours by a half hour to 4 pm for a six month trial. The plan aims to boost daily sales and broker income despite opposition from several large brokers and concerns about afternoon paper deadlines.
Salisbury North Carolina AP reports SBI undercover narcotics agent Albert Stout Jr was critically injured when his car exploded in a booby trap. The blast ripped the roof and doors off the vehicle, hurling him partly from the car. He underwent over five hours of surgery and remained in intensive care with loss of his right leg above the knee and multiple injuries. Governor’s office posted a $5,000 reward for information. The SBI director said there are no suspects and noted the case involves violent criminals. Stout lived in public housing with his wife and three children and had prior law enforcement service with Rowan County. A neighbor described finding him conscious and in great pain.
In Lourenco Marques, over 100 people were killed in 24 hours of street battles after a white settlers rebellion collapsed. The chaos followed clashes between black and white demonstrators, as reinforcements were flown to the capital and Beira remained relatively quiet.
Government figures show Nixon seeks extended transition aid under the Former Presidents Act and Presidential Transition Act. He would receive about $400,000 in pension and staff benefits during the extended nine to ten month window, with monthly averages rising above Johnson's early postpresidential support.
McDowell recalls massive smoke and hysterical cries after a jet crash. Ervin Melton of Woodlawn Fire Department found four men and a stewardess alive but badly burned. Mrs Watson received medical care and was released. Pilot Capt J E Reeves, 48, joined the company in 1956. Other flight attendant I A Kerth. Survivors taken to Charlotte Memorial Hospital.
Washington AP says Ford faced fresh criticism as he and aides weighed blanket pardons for Watergate participants. Senators Byrd Griffin Scott Reagan added terse replies while Elliott Richardson linked actions, Rhodes cautioned against extending Nixon pardon logic.
Incumbents did well across the nation with nine governors and five senators winning renomination. In New York, Hugh L. Carey defeated Howard Samuels as labor backing boosted the Democrat, while Democrats chose Mary Anne Krupsak for lieutenant governor and Ramsey Clark to oppose Javits for Senate.
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