Record NYSE trading surge tied to coal settlement
The AP reports investors pushed NYSE volume to historic highs as coal strike outcomes and inflation concerns swirl. Industrial production rose 1.6 percent, the largest since March 1977, suggesting a potential end to winter sluggishness despite wage price pressures and a rising energy cost outlook for utilities and steel.
MENTIONED IN THIS ARTICLE
Waonuvuion
Federal Reserve Board
Carter Administration
Council On Wage and Price Stability
United Mine Workers Union
Carter
Commerce Department
Treasury
Michael Blumenthal
Jody Powell
New York Stock Exchange
Council
Wall Street Rally Lifts Dow Amid Record NYSE Volume
Wall Street surged last week as the Dow Jones average rose 25.55 to 795.13, its best weekly gain of the year, with a Friday volume record of 44.51 million shares at the New York Stock Exchange. The NYSE composite rose to 51.93 and the Amex index gained to 194.69 as brokers cited sustained upturn despite inflation worries. Mutually, funds held substantial cash, signaling readiness for further moves.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Dow
Nixon
Ysts
Investment Company Institute
Inside Today's Index Highlights By Page
A compact index lists page references for police blotter editorials obituaries sports comics church notes new newmakers stock market and classified ads across pages 3 4 5 6 8 10 11 12 13 and 14 to 19 for quick navigation through the paper.
Weather outlook with cloudy skies and light rain chance
Mostly cloudy today and tonight with a 30 percent chance of light rain. Partly sunny Sunday with highs in the mid to upper 50s and overnight lows in the upper 30s. Anderson’s high Friday was 55 with a low around 50.
MENTIONED IN THIS ARTICLE
Oday
Anderson
Indiana budget analyst flags cautious optimism on strike impact
Indiana economist William Styring says the United Mine Workers strike shows limited impact on state revenues. He notes a cushion in the supplemental budget, currently by end of month unlikely major changes, and cites minor declines in sales tax but no clear revenue shortfall. He adds energy conservation remains important amid ongoing I M diversification and power curtailment notices.
MENTIONED IN THIS ARTICLE
Indianapolis
Indiana
United Mine Workers
William Styring
State Budget Agency
Styring
Stark
1&M
House whip predicts GOP gains in fall elections
INDIANAPOLIS AP Republicans will gain 25 to 30 congressional seats this fall, with at least two in Indiana, House GOP Whip Bob Michel said at a joint press conference with Rep. John Myers Rand. He named Floyd Fithian and David Cornwell as vulnerable Hoosier incumbents.
MENTIONED IN THIS ARTICLE
Indianapolis
Indiana
Bob Michel
Floyd Fithian
La‘ete
David Cornwell
Paoli
Illinois
Republican
John Myers
Rand
Duke student designs safety device for heart surgery
Duke University Medical Center researchers credit 16 year old John Karis of Jordan High School with an electronic device that prevents interference with heart monitoring during open heart surgery. Karis, son of a Duke anesthesiologist, designed the device after working as a messenger and technician at the center last summer under Dr. Larry Burton's guidance.
MENTIONED IN THIS ARTICLE
Durham
N.C
Duke University Medical Center
John Karis
Jorda High School
Karis
Duke
Larry Burton
Indiana to Return 11 Million in Unspent Welfare Funds
Indiana state welfare officials plan to return about 11 million dollars to the state as AFDC and Medicaid funds go unspent. Welfare Director Wayne A. Stanton announced budget reductions for the next year, including AFDC cutbacks to roughly 32.7 million and Medicaid to about 130.7 million, citing a sharp drop in AFDC recipients from 660,000 to 52,000.
MENTIONED IN THIS ARTICLE
Indianapolis
Indiana
Wayne A. Stanton
Stanton
AFDC
Also Mentioned on This Page
NYSE
Wall Street
Couser
Indiana & Michigan Electric Company
Indiana Public Service Commission
Jack Stark
I&m
PSC
Myers
Michel
John Brademas
Mishawaka
Tongsun Park Dark
Brademas
Park
Department of
Rippy
Lewisville
Texas
Comunuca
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