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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Sep 28, 1973
Page
2
New York stocks pull back as investors take profits after recent gains. Dow Jones 30 industrials slips to 943.86 at 11 30 am with 853 issues down and 349 up on the big board. Armco Steel leads volume with a sizable gain amid airline fare news.
The New York Stock Exchange posted noon prices with many listed issues showing varied last, high, and low figures. Trading tickers range from Admiral to Xerox with notable activity across Amex and Dow components, reflecting a broad market snapshot.
Market listings from New York report mixed unofficial sales with many firms posting gains and declines. Several names including ArkLGs, Brascan, BarnesEng, and Asamera show notable activity while dividend footnotes explain regular and special payments.
The High Point Enterprise, established 1884, lists subscription rates for daily and Sunday editions, single copies, and carrier delivery. Mailing details include locations, tax note, and advertising representatives remain with Word-Griffith Company for national inquiries.
Noon Market Summary shows Industrial and Transportation sectors leading trading while major indices mix gains and losses. Analysts note modest volume as investors await economic data and corporate results shaping sentiment at midday.
AFL-CIO planned to announce a cease fire between Cesar Chavez UFW and the Teamsters after three days of talks in Washington. The agreement reportedly leaves field hands to the UFW while Teamsters retain control off the farm, though the status of existing contracts remains unclear. Chavez accused growers of sweetheart deals as UFW workers went on strike.
A House committee backed a sweeping trade bill granting the president broad power to shape deals with Japan and Europe while restricting Soviet concessions. It would allow tariff adjustments, authorize tariff raises up to 50 percent over Smoot Hawley levels, and set limits on non tariff barriers with a Congress veto. The measure also increases unemployment relief and allows 150 days of unrestrained action to curb imports with 15 percent tariff hikes if needed. Congress would decide on extensions after the period.
Cambodian forces landed 15 miles up the Tonle Sap river from Kompong Chhnang and liberated 344 villagers on Koh Tamov island. Col Am Rong said 95 families had lived under Khmer Rouge control and noted rice production declined as insurgents used forced labor amid a three week highway closure north of Phnom Penh. Prachum Ben festival ended.
A U.S. attorney said an immediate probe in Washington will determine if former Hughes aide John H. Meier was subjected to electronic surveillance of conversations with Donald Nixon. Meier, under federal tax evasion indictment in Las Vegas, is a longtime friend of Donald Nixon.
The Vancouver Province reports kraft market pulp price hikes by BC producers to US and Japan, with Oct 1 increases of 25 a ton and a potential first of year rise. Bleached pulp to US set at 235 per short ton and 265 to Japan, up from July and earlier peaks.
The article blends Soviet space news with U S health care politics. Cosmonauts Vasily Lazarev and Oleg Makarov report a cheerful two day mission aboard Soyuz 12 launched from Baikonur, testing improved systems after the Soyuz 11 tragedy. In North Carolina the UNC board weighs health education budgets responding to ECU medical school proposals and doctor residency expansion debates.
In Fort Lauderdale Florida 150 dogs receive 9 million dollars from an estate left by Eleanor Ritchey to dogs and a 2 million share goes to two half sisters and a half brother from Pennsylvania. The remainder funds taxes and legal fees.
Former United Mine Workers president W A Tony Boyle was taken off the critical list at George Washington University Hospital where doctors said he was alert and talking. He remains in intensive care with a serious condition amid ongoing murder conspiracy charges in the 1969 Yablonski killings.
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