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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Sep 18, 1974
Page
1
The New York market eased in a pause after a two day rebound. The Dow opened down about one point while a slight edge for losers over gainers appeared on the NYSE. Analysts expect slower but not sharp drops in bank lending rates amid lingering high interest rate pressures.
The New York Stock Exchange morning list shows prices for many blue chips including Abbi, Aetna, Ampex, ArchDan, Armco, Atlas, Avon, Bausch, Bell, Coca Cola and CBS among others. The High Point Enterprise page also details subscription rates and printing information for the 1864 established High Point paper.
New York Stock Exchange trading at noon showed steady gains amid caution as several banks and utilities led the advance while energy shares lagged. Market breadth remained mixed with advertisers and investors watching inflation signals and policy hints.
The Grand National team of builder Junie Donlavey and driver Charlie Glotzbach will dissolve after Sunday's race at North Wilkesboro, N.C., due to economic pressures. The alliance began May 5 at Talladega and lasted nine races.
TVA reports coal stockpiles down 6 million tons from last year as 34 million tons of coal were delivered in the year ending June 30, far short of the 40 million-ton target. Reserve fallen to about 84 million tons from 13 million at year start, with some plants at a two week supply. Rate increases up to 20 percent warned by mid summer.
Special Prosecutor Leon Jaworski seeks parts of the White House tapes and documents for Watergate prosecutions. A list of requested items was to be delivered to Ford counsel Philip Buden, signaling a probe of access under the Sept. 8 agreement. Ford indicated possible compromise with Nixon's lawyer. no material has left the White House as yet.
North Carolina Governor Jim Holshouser endorsed limited wiretapping authority for the state Department of Justice to combat organized crime. He said he would support such legislation if the Organized Crime Prevention Council recommends it, while retaining the Motorist's Prayer on highway maps and warning the 1975 budget limits tax cuts on food.
U S Ambassador Walter Annenberg said Nixon plans hospitalization for phlebitis as a secondary clot nears the groin and could travel higher. He noted Nixon spoke from San Clemente and discussed creating an international communications school.
Former president Richard M. Nixon likely to enter Camp Pendleton naval hospital near San Clemente within a week for tests on leg vein blood clots and phlebitis. Julie Nixon Eisenhower said Nixon’s health has improved at home, while other legal actions include moves to quash his civil testimony in Charlotte and California bar resignation matters with potential future discipline.
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