Market rally follows Morgan cut to prime rate
New York banks move spurs a brief stock rally as Morgan Guaranty Trust trims its prime lending rate to 11 3 4 percent. Dow Jones gains 8.92 to 663.02 at noon while gainers outnumber decliners on the NYSE. Uniroyal leads on heavy volume with 149,900 shares traded at 64 1/8.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Morgan Guaranty Trust
Uniroyal
American Stock Exchange
Syntex
Amex
Curlis
Bso Ls Philipato
PhillPett
Dartinddap
Pitney
Baycal
Deerel
Delon l
Dresser
Questar
Eaton
ReicheCh
Th Dave
Ibyed Reviow
Lee Rayccol
BOND
Vpat
Searsl
éQa
Uti
Vita
Gannett
Singer
GenDynam
Mg SmithKline
Fe Atlantic
Low Ltd
Genescomc
Sperry R
Lbraas
Gerber
Bet SystranDon
Wits GrGiantl
Grumm
Wits
Hercules
Texsgirl
Amt&ti
Ini
Hehe I We Amp Inc
Howmet
AmpexCorp
Valims
Anacon
Apecacorp
ArchDan
UN Elect
Ashdon
Asdorg
AllasCorp Ao
IBM
Beckin
Beccal
Johnson
Benlicp
Jonlognd
JonLav
Katy
Lava Va
WestgEl
Tova
Brunswk
BuddCo
Kimbel
Ava Buloyaw
Kralteo
Kresges
Krogerl
LearSleg
LehVal
Sa Tae
CarrCp
Cartwall
Tants Castlec
Bara —Exchange- CaterTri
York
AegisCorp
Cesena
Chessiel
BanstreitLt
Vita Me ChrisCraft
Lyking
Iat
Vasa
Brewer
Citicorp
Ae Macy
Cinerarma Carn Ch
Clarke
Magvox
CocaCal
Marcord MartMal
ColgPal
Col
Wrens
Magiglion
seDonalds
Essex
Bais Comsat
Macdono Ag
Tn McGrah
Aleblah Fedresrees
Latalise Mteb
Prantiar Air
Aber
MorNor
Natomasib
Newldria
Newpark Rs
Bat
Ormandind
Moetikwas
Ozarka
Norton
NorSim
Texaslatca
Omark
Vlncorp
OwenCn
Owenlli
Wostals
PacGasi
Yatasinda
ZimHorn
The
Associated Press
New York Exchange The High Point Enterprise Ad Rates
The High Point Enterprise announces subscription rates for mail and Sunday editions with daily and Sunday combinations. Details include prices for 1, 3, and 6 month terms and carrier options. The notice notes tax, AP news use, and local distribution terms.
MENTIONED IN THIS ARTICLE
High Point Enterprise
High Point Enterprise, Inc
Church Avenue
High Point
N.C
Associated Press
AP News
Post Office
Ward-Griffith Company
Nolisnel Advertising
Stock Index Update From New York Exchange Noon
The New York Stock Exchange market index at noon shows mixed movement across sectors including transport and utilities with finance and industrial components displaying varied levels. Details indicate a snapshot of the index with sector weights and numeric values for primary groups.
MENTIONED IN THIS ARTICLE
T ~New York
New York Stock Exchange
Industri
Transport
Finance
Oil Nations Demand Cuts as Oil Prices Rise
The Associated Press reports oil exporting nations demand the United States and other industrial powers cut export costs in response to Ford administration efforts to reduce crude prices. Venezuela’s President Perez calls higher prices a justified response to economic oppression, while OPEC notes inflation, not oil, drives overall inflation. Arab League official warns U S threats could strain Arab American ties as the UNGA hears food as a potential weapon.
MENTIONED IN THIS ARTICLE
Associated Press
Ford Administration
United States
France
Carlos Andres Perez
Venezuela
America
Ford
Organization of Petroleum Exporting Countries
Vienna
United Nations General Assembly
Tapes Control Legislation Moves Through Congress
Congress moves to ensure Nixon White House tapes and papers are available for Watergate proceedings. House appropriations cuts remove funding for a San Clemente vault while Senate panel backs a bill to prohibit destruction of tapes and papers and to make them subpoena accessible.
MENTIONED IN THIS ARTICLE
Jim Adams
Associated Press
Washington
Richard’ M. Nixon
White House
House
Senate
House Appropriations Committee
Nixon
San Clemente
Calif
Senate Government Operations Committee
Congress
Henry A
Ford
George H. Mahon
Leon Jaworski
Gaylord Nelson
Tax Action Hinted By Coble In NC Gubernatorial Fight
The article covers the NC attorney general race with Edmisten and Carson at a UNC debate. Edmisten paid Virginia taxes but says NC filing remains, while Carson hints at NC filing duties. Coble, the GOP figure, considers the matter irregular but needs law review. Edmisten denounces political use of tax records and cites Virginia tax payment of 1575.77. The piece mentions Watergate comparisons and Ravenel residency issues in SC as context.
MENTIONED IN THIS ARTICLE
Carson
Coble
Edmisten
Chapel Hill
University of North Carolina
North Carolina
Virginia
Ervin
Alexandria
Edmiston
Congress
White House
J. Howard Coble
South Carolina
Charles Ravenel
Ravenel
New York
Rockefeller
Attica
Nixon
EPA says scrubbers prove effective on sulfur in smokestack emissions
EPA Deputy Administrator John R. Quarles announced that scrubbers remove health threatening sulfur from power plant exhaust and enable full use of Eastern high sulfur coal. The agency estimates 120 plants must install scrubbers by 1980 at about 5.4 billion dollars, averaging over 45 million per plant, though industry feared inefficacy and high cost.
MENTIONED IN THIS ARTICLE
Washington
Environmental Protection Agency
EPA
John R. Quarles
Quarles
Coco the Clown Dies in Britain
Coco the Clown who brought joy to children for over four decades died today in Peterborough district hospital England AP reports the renowned performer known for circus big tops worldwide passed away.
MENTIONED IN THIS ARTICLE
Coco the Clown
Britain
Peterborough
England
Peterborough District
Hard Choices Facing Elderly
The Senate Aging Committee heard that many seniors may choose between food and heat this winter as energy costs rise. Alvin J. Arnett warned of a long, cold season with fuel shortages in poor areas unless an emergency aid program is enacted. Felderman cited 100 to 400 percent price increases and noted the OEO’s limited response last winter. Project Fuel in Maine winterized 5 to 10 percent of substandard homes at about 100 dollars each, insulating roofs and windproofing windows.
MENTIONED IN THIS ARTICLE
Margaret Scherf
Associated Press
Washington (Ap
Senate
Alvin J., Arnett
Office of Economic Opportunity
Senate Committee On Aging
Arnett
James L. Felderman
The
Consumer Federation of America
Felderman
OEO
Maine
Rockefeller Nomination Moves Through Senate Panel
Rockefeller faced a tough exchange as Byrd praised him on the spot. Byrd, D-W Va, will back the nomination with Senate Rules Committee likely to approve unanimously before a full Senate vote before the election recess. Rockefeller plans to finish testimony today as others prepare to speak. Can non blasted networks for no live coverage of hearings. The session focused more on political issues than the Rockefellers vast economic holdings.
MENTIONED IN THIS ARTICLE
Rockefeller
Byrd
D-W. Va
Senate Rules Committee
Senate
House
New York
House Judiciary Committee
Rockefellers
Presley Buys Five Plush Automobiles in Memphis
Elvis Presley purchased five Continental Mark IV cars for sixty thousand dollars, selecting aqua silver red black and blue. He drove one off the lot Saturday night, with salesman Raymond Lurber recalling his familiarity with the model and colors and noting his existing fan status.
MENTIONED IN THIS ARTICLE
Memphis, Tenn
Elvis Presley
Raymond Lurber
Schilling On Union
U S and Bulgarian Leaders Launch Economic Council
U S and Bulgarian business leaders have signed an agreement creating the Bulgarian U S Economic Council to boost trade and economic ties between the two nations.
MENTIONED IN THIS ARTICLE
Washington
U.S
Also Mentioned on This Page
Business and Financial News Stock Market Report
WasCos
Straacu Sorat
Pilus
A.P. Stock
Dow-Jones
Arab League
Sayed Nafal
Henry A. Kissinger
John J. Sirica
California
Atty
Evelle J. Younger
Watergate
Kissinger
Howard W. Cannon
D-New
Presley
Lurber
Bulgaria
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