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High Point Enterprise Newspaper Archives Sep 26 1974, Page 2

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High Point Enterprise (Newspaper) - September 26, 1974, High Point, North Carolina 2a High Point Enterprise thursday september 26,1971 business and financial news Stock Market report poleroid.32 11407 Fco Orlage 1.52 0 62 ppgindl.70 5 8 prod g i to 20 104 new Vork Iain a disappointment Over the failure a rally attempt wednesday left the Stock Market weak and listless today. The noon Dow Jones average 3d industrials was Down 9.70 to 640.25, and losers outpaced gainers by about 7 to 2 in Light trading Tjie new York Stock Exchange. Analysts noted con Vall Street Otic the Market s Prospect sch the Wake its allure Law Estma Brief rally wednesday that greeted a Cut in the prime lending rate by a series Banks including two the largest in the Bun try a pan a Iii i can at id airways tags the nose plume Leader so pwt at 21 it a a to Toimi share Block tended at 2 in the Amei flan rth it cd Kex Flange. The cout Ket value Alex Watusi own 45 Iii 65 27 brokers Puiyu a out that tile slow pm a Ota Cuvilly was to i Fly due a to Observance the jewish Holiday yom Kip iwo. T dicta5hohe. Subject a $l2ashare tender offer by Northern elect and cd o., Rose 2 u to 1211. A Exxon was off i ats9t in abroad decline in Oil issues. Hurly last year the shares the nation s largest Oil company traded As High As 103v. I a Tho big a Tutti s a tip site Illde some 1.500 common shocks was off .52 to 35.09. Vintage enterprises was the amex volume Leader. Trewn 1 a at 2. 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La did not have one its altimeters set correctly a spokesman for the National transportation safety Board says. However spokesman Brad Dunbar says it was not considered a a Gross an investigation by the safety Board concluded the altimeter was Misset by one tenth an Inch which could have made a difference Lam feet in the planets Altitude the investigation also revealed that Copilot James Daniels was at the controls when the plane slowed into a wooded Hillside As it approached the Charlotte Airport Enro Ute from Charleston s.c., to Chicago. Daniels Rosewell ga., was one la persons wha survived the crash. It killed a persons including Pilot j e. Beeves Atlanta. Daniels is still hospitalized in Charlotte in satisfactory condition. I a a Dunbar in u Telephone interview wednesday trom Bis Washington office said the Board will determine whether the altimeter variation was a Factor in the crash. It will also hold a Public hearing Ivov. 12 in i Charlotte. An Eastern spokesman Aid it was routine for Daniels to be at the controls. A it was the Copilot s turn to take this leg and he was i lying a a said spokesman Jim Ash i ode. A the Pilot would have been taking the duties it the Copilot but he would have retained command responsibility a proposes Fuller inquiry Helms raises question Rockefeller wealth pre 1974 it Lynce Dyn ctn Fici alb a 7 a a 8 i t2 a. Us 3 Lisa �T��?�16 ilk i Del a it. Aha math. 2u- a Alan i i 4_____ 16�?T6 a a Iahn h Over the counter bid asked Angell 56 8 it to 12 4 12 him to a Jaq a 6 25 4 24 a 24 a Kane la i 52 6 35 is 14 a is i Trumy s 19 Quot a a It Otto go to 14 24 in a 12g dwt a a a it inc ? 60 5 22 27 27 27 a 4 Jemsey 09j j i i a 2g 2v a a mtg Al it. 86 53 52 a 53 4 a kit it jul i 44 6 i 24 ii 4 ii 4 a a a air id 20 t5 5 5. A a Quot a Gen a lit to 24 ii 4 23 4 Kin a c up 5 9 a a. It 7ppf s7 40 to Quot old a 19 a 37 29% 36 a 2936 t in a 4 l if r r0 j i a i a 4 Reiges 22 17 45s 20g 30 a g la # i Tiff 36 i. I i. 12 t i. \ Kroger 1,36 6 28 16m 16 ass 440�? g i a 8be�t l i it. 4 3 a j a 4 i Al my a 3 a Al a. Quotations from the Naso Are representative inter dealer prices As approximately la . Inter dealer markets change throughout the Day. Prices do not include retail markup markdown commissions. These quotations Are provided through the High Point office e. F. Hutton co. Inc. Bid ask american furniture 27 31a -2j in j 2 4�?o 27g 23 Ijh-7. Shul 46 4 31 h a my a. 17 -12 new York a Stock Index non York a Loon no York 8o�- each Eye no. 3a�ents a Quot be ,. .35 09� 0 52 Mauk trial a ?8 0 63 Trenky Ortetie 25 76-0 55 a titty25 a 0 Menc. 37 marshal i my me Benco i2 i Blo to Migoel tact 3 to 4 i i 5 26 t to 3 g jul 7 a a j it 34 i u air a f j a a 3.4 7 in a a t the High Point Enterprise top it us Elf v4sa m Public had every aug noon 2 cd per in morning a an news apr by 3fme High Point Enterprise. Inc 210 Church Avenue High Prmt. . 27201 we mar vat Assoc Aleo press i % Jib mates by Mau a Peel by m Advent ii i nuut it tvs 6 to j to i Mot oily and sup Yoy $36 to sift 20 s9 to $305 sunday Only $13 00 $0 50 $3 25 $1.15 by Tsirer l wkly Sio monthly $3 05 a Susao. Mod Taufett option m n club a to to 4% Vunita Dow Jones �?averages�?�?1 a Walt gift. N Prat 3se per Miner Synett to Unbe a Newt us Chr 20 i la Ven c u6# a a wntt$9�r v it to tee it h a 3 a l stocks to mum a a a 20 trr�4i4 to ii we a a a 65 stocks Bonos 40 Goff it. To higher Grebe ram 0# rails it. 64 725 a to a 52 2 g #2 78-e # 197 88-2 94 64 90 a Fath a 06 us to 6� 68 Rij j5 �?�0 005 71 to Ooi non a it 7 i a Ca 6 3 4 a i v mro Siarka i 2 j a 3 pm in s 46 i a la i a re is 14 76 Ujj a 32 ii aft to few it Etc a % 16 a 4 us 12 a 16 4 a j Lull 3 4 j i Quot h a Vii i t t a 4 ,1 f 3 a j. J a g we it a f. 2�?~a 2 x a y a i a a i j a j. 5.g 24 to 2 in in 7 it copy a dby a it #e. to a Frew 1974 1 age g Anheuser Busch Atlantic Pepsie Bassett furniture Bluefield Supply Cam. Fin. Corp. Btl. Con. Daniel int. Com. A head corp. Henredon Hickory furn. . Ivey Lane life Carolina a cab corp. . Natural a a str inv co Phillips Foscue Piedmont Avia Public Ber. Of . Hex plastics Royal scots Loos s. Film extrude. 221 a 23 3 a 4�?~ 12v to a Ioli 16 i ii io3 44e 4<4 12v6 la 8h 71 23 Van to y. 4 ii ll1 a to to 4l-5a we 3 to 4 4 in i 8�?~� 7 71 i7 4 u 6�?~i 9� utilities push use Sulphur coals . Stock averages no Tori in ,. N Jon f Bur. Or to. Day aet age. Mont to ago go a ago. L974htgb 1974 Low 197j High. 1973 Low with ask Fly Exi set entitled to she vie for reproduction All focal i printed Tai Neva paper As Well cd Oil a Nedu dispatches a meted As second class matter at the Ost office High faint . Under act March a 179 # second class postage paid it j High Point . A ail carders dealers and a it ibo lord Are Independent contractors end the Tuph Point Enterprise inc is not responsible for Advance subscription payments mod to them a their 4m up preventatives for Horn. Delivery rate Moth go a j Eon toe t your lace Conter. L word Griffith company National advertising representatives Stock a Croci Cemp led by the asset meted press to is Ai Ina. Pets util seeks 3a l9 r i 2 8 3170 118 7 73 9 2055 322 4. U0 6 73 8 20 j i 4 irs 72 8 fill �?�26 la i 71 5 20 i 48/1 142 i 121 7 302 i 458 7 177 7 Hoo Joos. To 9 Iii 6 67 7 195 6532 7 114 7 146 j 346 9 405 9 97 9 2610 a Noav Brois Cern piled by the associated press 26 it Roll it pelts my urn pin. into Csenge 2 la Nuon Thor. 47.3 Ai 5 78 i Aci 788 Iff six la 67 8 a a 0b veer ago sub 1974 High �?~974 Low g7j Highfi i97j Low 1973 Loa 5 j 2 47 i sep 51.6 78 0 .51 71q Isi 79 i 80 i 17.4 m i 78 j 89 3 99 i 99 7 97 2 97 i i 5 9v 7 97 i 99 85 2 66 9 67 i 67 s 67 4 77 i 78 0 669 12 2 96 j 96 i 742 Atlanta a Jap a a spokesmen for Southern utilities say the 1970 clean air act should be amended to allow the burning easily obtained coat with a High Sulphur Content Toftey also told hearings wednesday project Independence a program initiated by former president Nixon to Lessen the nation s dependency foreign Energy sources that nuclear Power is vital to meet Energy requirements a the clean air act Mut be amended to permit burning the vast reserves Coal found in the East and Central sections the United states a said William s Lee vice president for construction and engineering the Duke Power co., which serves the Carolinas a much this Coal can be mined at relatively Low Cost but because the present standards new developments in production in these areas has been and is stagnant Quot he said. Lee Sard Coal exports and a shortage rail cars Are other factors resulting in a Light Coal Supply in the Southeast William a Lalor jr., senior vice president Southern services inc., a subsidiary the Southern co., Parent company several electrical utilities said the clean air act is too stringent. Soviet missile ship explodes in Black sea Istanbul Turkey api a soviet guided missile destroyer exploded and Sank in the Black sea a trial cruise Istanbul port officials said today. The sem official Anatolia news Agency said there were no survivors but gave no indication How Many men were aboard. The authoritative British publication Jane s fighting ships shows that comparable american destroyer carries about 350 men. Turkish naval sources said the ship exploded wednesday but Anatolia said in a later report that the disaster occurred two weeks ago. Turkish port sources said the destroyer belonged to the Kashin class and was attached to the soviet Black sea beet Holshouser staff quiet cars Raleigh apr no one in gov. Jim Holshouser a office admitted to knowing today who ordered the North Carolina Highway patrol to set aside eight unmarked tears exclusively for use the governor and a other dignitaries a Jack Childs the governors news Secretary said Holshouser had never asked for the cars and ordered t hem returned to regular Law enforce tent duties when he found gift they had been set it Quot a August is Highway patrol my r. Roberts ordered Ewh the patrols Quot eight districts to set aside an unmarked car and hold it for the exclusive use the governor mrs. Holshouser and other dignitaries who visited the District and needed ground transportation. Roberts referred All questions about the matter to the governor s office. Childs said the episode was a a big he said the governor had once told the patrol that he preferred Riding in unmarked cars. But Childs said Holshouser had never asked for cars to be set aside. Ironically Holshouser was a frequent critic democrats for using state cars when he was a state legislator and state Republican chairman. Five the eight patrol districts already had unmarked c ars that were assigned for dignitaries transportation. The other three districts had to convert Normal patrol cars for the purpose. According to the memo the cars were not to be used for any other reason. Washington a a conservative Republican senator today questioned whether vice president designate Nelson a. Rockefeller will be Able to put the National interest ahead what he termed a a dynasty wealth and Power unequalled in the history the United sen. Jesse Helms r-iv.c., raised the question before the Senate rules and administration committee which is holding hearings the nomination. However he did not ask the committee to reject president Fords selection the former new York governor. Helms said that proposals to put Rockefeller s vast holdings into a Blind Trust Doh t really get to the heart the Issue. Quot la the nominee is Over laced with the problem Edmisten from Page i a Miston liable to criminal and civil prosecution. Carson said action would be up to Coble who was appointed by Republican gov. Jim Holshouser. Edmisten initially charged that someone supporting Carson had illegally obtained and used confidential tax information. Wednesday Edmisten a supporters took a softer stand saying they had no evidence that Carsons people violated the Law. Coble said he was confident that Edmisten a tax records had t been revealed to unauthorized persons by an employee the Revenue department. In a statement issued wednesday Carson said the Only information he his supporters had de Unis ten a taxes were from the democratic candidates response to the question tuesday. Charles Smith dec Misten s Campaign manager said he is researching the Law. He said most attorneys he s talked with said Edmisten should have filed tax returns in North Carolina because he owned property voted and claimed North Carolina citizenship while working for Ervin. A i m about ready to open an a a Block office in be Learned so much about tax Law today a Smith said wednesday. Edmisten wife Martha Jane who is a tax attorney we ent to Virginia to gather the tax records Edmisten promised tuesday he would make Public. Deaths from Page i a Calley was a pummelled and pilloried by the and tainted by government denied him Access to pleas to the department Justice went conviction was to be a cathartic to cleanse the National conscience and the Imp Ellent to improve the army a Elliott ended his opinion with a this country not Only denied turn a fair trial it even denied him a fair Chance for a fair survival ingrained dynastic values As against the survival the National interest a Helms asked a is there any human being Earth who can be sure what will survive a Helms said Congress must ask itself a whether we want the highest political offices the land to be identified with one the highest concentrations private Power in the Helms said he asked to testify alter Reading press accounts that the panel had failed to probe deeply enough into Rockefeller a background and presented the committee with a Long list questions for Rockefeller about various activities dealing with his financial holdings support abortion Reform proposals and wiretapping in the Nixon administration Rockefeller completed his testimony before the committee wednesday and the panel began hearing from other witness today most them opponents to the nomination. Committee chairman Howard w. Cannon d-nev., hoped to hear from All 15 Public witnesses today and then suspend the confirmation hearings pending receipt an audit Rockefeller a taxes the witnesses included Black activist Angela Davis appearing As co chairperson the National Alliance against racist and political repression leaders the strongly conservative Young americans for Freedom and Liberty lobby and persons both sides the controversy Over abortion Reform. A specialists from Page i a that connect the heart to the lungs it had been Large enough and lodged in the artery death could have occurred in a few minutes a few hours. Nixon has had trouble with his leg and phlebitis for Many years and the lung clot indicates the circulatory ailment will continue to plague him. A a he a going to be bothered with this the rest his life a one new York lung specialist said. The i year old Nixon has no Chest pain from the clot Lungren said. Nixon entered memorial Hospital medical Center Long Beach monday for a stay then expected to last seven Days. Nixon a wife Pat has been visiting her husband daily driving to the Hospital from their Seaside Villa in san Clemente 50 Miles South Long Beach a Hospital official said. Telephone Calls letters and telegrams continued to pour into the Hospital most expressing encouragement. But several callers made threats As a kill Nixon a a let him die Quot and a a going to get him a Hospital officials said. One told police monday he had planted a bomb in the Hospital. Secret service agents refused comment the threats. Nixon is sealed off the sixth door the hospitals West Wing. Nixon had been subpoenaed by defendant John i. Ehrlichman his former Domestic affairs adviser and special prosecutor Leon Jaworski in the watergate cover up trial. Jaworski has asked . District judge John j. Sirica to Send an Independent medical team to determine whether Nixon can testify give a deposition. Sirica has not yet ruled the requests the clot was discovered tuesday. Lungren said he did not know when the clot broke off. President Ford a expressed pleasure that there was no imminent danger and that the former president is feeling reasonably Well a said press Secretary Ron Nessen. Nessen said he knew no plans for Ford to visit Nixon although Ford will be in san Francisco wednesday for a speaking appearance. The St. Lawrence great lakes waterway the largest Inland navigation system the continent extends from the Atlantic Ocean to Duluth at the Western end Lake Superior a distance 2,342 Miles. Sheriff is named in $100,000 suit Charlotte a Jodie v. Austen an inmate Central prison in Raleigh has filed suit charging that the sheriff Union county violated his constitutional rights and forced him to endure cruel and unusual punishment in the county jail. The suit filed tuesday in la. S. District court in Charlotte seeks $100,000 in damages from sheriff Frank i. Fowler. Austen also seeks a permanent injunction to prevent further alleged misuses Power by Fowler. According to the suit Austen was arrested May i 1978, a charge incest and was held under Fowler a custody in the Union county jail for 329 jays. Austen was convicted incest and sentenced to to to 15 years in prison which he has appealed. He has been kept at Central prison pending the outcome the Appeal prison officials said. Austen charged that he was denied needed medical treatment and that when his Mother sought to arrange for him to be treated the sheriff put him in solitary cont linemen. Rile suit alleges that the sheriff took Austen a mattress and Blanket in september and when it became cold turned the air cond timing instead the heat. Austen said in the suit he was denied writing materials and did not get enough to eat. Drug firm is accused Market negligence Washington a a leading pharmaceutical firm is Selling in almost every country except the United states a drug it has known for nearly to years causes ulcers in monkeys a Senate committee has been told. Subpoenaed testimony before a Senate health subcommittee also disclosed that Ciba Geigey corp. Allegedly withheld Adverse information about ifs a slow a a potassium supplement from the food and drug administration until a former Ciba executive blew the whistle. Slow a is undergoing clinical trials in american patients now pending Fra approval for marketing As a prescription drug in the United states. The drug is designed to replace the potassium lost by patients taking diuretics for fluid loss. Some medical exerts say Orange juice and bananas achieve the same result. Tulane University medical professor f. Gilbert Mcmahon a Ciba vice president for three years confirmed that it was he who tipped the Foa May 26, 1972. Of company studies showing that slow a caused gastric ulcers in monkeys. Ciba had applied to the Fua aug 27, 1971, for permission to conduct experimental studies with the drug prior to seeking marketing approval. Mcmahon who spent eight years with drug companies and 24 years in clinical pharmacology and human research emphasized that he was appearing under subpoena Arni that he had no a to grind with the Foa the pharmaceutical Industry. The Ciba Monkey studies had been performed by . Albert Earl in Early 1965, he left Ciba in 1969 after 21 years with the firm. Introduced into the hearing record was a memo prepared for but never signed by j. Richard Grout then director the Day a office scientific evaluation recommending that Legal action be considered against Gibs for not submitting the Monkey studies i a investigators sent to Check out Mcmahon a tip were tool by Ciba us. 18, 1972, that the data had been overlooked according to the memo prepared by . E. Devaughn Belton then head the Day steam. Investigating cardiovascular drugs. A although we recognize that the firm eventually submitted the data it is our opinion that the firm has violated the Law by omission a material Infor-mation.,�?� said the memo prepared by Belton. Grout said wednesday he could not recall the memo Why he did no to Send it to his predecessor at the Bureau drugs

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