Dow clears 1000 on strong market surge
The Dow Jones average breaks through 1000 for the first time since July, rising 9.06 to 1,003.57 at noon. Leaders include General Motors up 15% to 72, with Exxon, Du Pont, IBM and Eastman Kodak higher. volume strong on the NYSE as investors bet on looser Fed policy ahead of the FOMC meeting.
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New York Stock Exchange Rundown and Market Movers
A sprawling snapshot of midday activity on the New York Stock Exchange shows equity quotes across multiple sectors. Notable names include Chrysler Citigroup Exxon Mobil Ford General Electric IBM AT&T and Coca Cola with various price movements and percentage changes amid broad trading activity.
Market Averages Record Mixed Dow Jones Gain Falls
A scrambled financial page shows uneven moves across indices with Dow Jones Industrial Average edging higher while other averages slip. Shares in several large components fluctuate as investors weigh earnings and economic signals amid volatile trading.
High Point Enterprise ad and notice fragment
Fragmentary OCR from The High Point Enterprise showing ad lines, corporate names, and subscription details. Mentions several companies, local businesses, and an Associated Press disclaimer, with publication header and postal notice phrases in an indistinct historical newspaper style.
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High Point Enterprise
High Bae Enterprise
Church Avenue High Fount
Anes Associated
Carter
Associated Press
High Point
High Paint Enterprise, Inc
London Associates
Drug arrests surge across counties as prosecutor pledges action
Across Durham Orange Guilford and Rockingham counties 68 people were arrested. Wake County District Attorney Burley Mitchell promised expedited trials for drug pushers to remove dealers from the streets. The SBI estimates 35 to 40 percent of drug charges stem from heroin sales to undercover agents.
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Durham
Orange
Guilford
Rockingham
Wake County
Burley Mitchell
Mitchell
State Bureau of Investigation
Reading gains for 9 year olds tied to desegregation study
A national NAEP survey finds 9 year olds improved in reading from 1971 to 1975 due to elementary focus on fundamentals and desegregation effects. Black 9 year olds rose 4.8 percent, white 9 year olds 1.2 percent, while 13 and 17 year olds showed little change.
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Washington
National Assessment of Educational Progress
Roy H. Forbes
NAEP
Bank Scandal Jury Chosen Indicted Men Testify
GREENSBORO AP More testimony was expected today in the trial of Walter Dozier of Durham on charges of misapplication of funds in a Durham banking scandal. Seven witnesses testified Monday after a jury was selected in U S District Court. Upchurch and three others were indicted with Dozier. They pleaded guilty to one count each when arraigned last month. Judge Gordon will sentence them after the Dozier trial, slated to end Wednesday. The five others indicted in a related case include Bobby Roberts and Durham figures. The schemes allegedly involved improper loans to Roberts-controlled companies.
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Greensboro
Walter Dozier
Durham
U. S. District Court
Thomas Upchurch
Home Savings and Loan of
Upchurch
Dozier
Eugene Gordon
Walter Biggs
Home Savings and Loan
Thomas Biggs
Home Savings and Loan Board of Directors
C. Paul Roberts
Bobby Roberts
John Stewart
Mutual Savings and Loan Association of Durham
North Carola A&t State University
Roberts
Boby Roberts
William W Edwards
First Federal Savings and Loan Association of
John B. Harris
First Federal
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Robert Holleman
Winston Salem
Ford
Carter
National Farm Credit
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Associated Press
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America
Carter Campaign Train Draws Friendly Crowds
In a 435 mile whistle stop from the Hudson Valley to the Alleghenies Carter drew cheering crowds in Newark Trenton Overbrook Altoona Harrisburg Johnstown. Campaign aims to project a people oriented image with Carter enjoying trains as a personal link to voters and noting Truman’s earlier whistlestop history.
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Pittsburgh
Jimmy Carter
America
Newark
LZ Mischel
Trenton
Overbrook
Harrisburg
Hudson Valley
Alleghany's Heights
California
Altoona
Harry Truman
Johnstown
Truman
Ford Aide Acknowledges U S Steel Golf Outings
Whyte conceded U S Steel paid for Ford golf outings. The White House cited 1964 and 1971 outings. The 1968 House ethics code forbids gifts of substantial value from interests before Congress. A House ethics spokesman notes the rule follows Foreign Gifts Act guidance limiting gifts to foreign governments to $50, with no specific figure for Whyte’s entertainment.
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Nessen
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Ford
Ethel Kennedy Convicted For Mutilated Parking Ticket
Ethel Kennedy was fined 31.25 after conviction on a charge of mutilating a parking ticket in Barnstable Massachusetts. widow of Sen Robert F Kennedy pleaded innocence but was found guilty by Judge John P Curley Jr. She appeared in court with legal representation. The offense occurred on September 4 with no further details available.
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Barnstable
Mass
Ethel Kennedy
Kennedy
Robert F Kennedy
John P. Curley Jr
Ford To Greet Tolbert At White House Visit
President Ford pauses debate rehearsals to welcome Liberian President William R Tolbert Jr in Washington for a four day stay. Tolbert will address Congress, attend a state dinner, and visit Ebenezer Baptist Church in Atlanta. Ford aides say the campaign schedule remains light.
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