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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 27, 1992
Page
5
New York stocks closed with a split performance. The Dow Jones Industrial Average eased 1.60 points to 3,282.41, finishing a sluggish week with a net loss of 2.94 points. The NYSE composite rose 0.15 to 221.68 as advancers slightly outpaced decliners.
The dollar slid against key currencies on Friday with a mixed gold market. In Tokyo the dollar closed at 125.60 yen from 126.62, later rising to 125.70 in London and trading around 125.65 in New York midday. The pound firmed to 1.8925 dollars in London, while gold eased to 343.50 dollars per ounce and silver to 4.01 dollars per ounce in London.
The Supreme Court ruled that airports may prohibit political and religious groups from soliciting donations in terminals while requiring free literature distribution to remain allowed. The decision split 5-4 on banning solicitation in terminals, 5-4 on literature distribution, and 6-3 on terminal status as a public forum.
Navy Secretary H Lawrence Garrett III resigns accepting responsibility for a leadership failure linked to the Tailhook 1991 Las Vegas convention. President Bush accepted the move, asserting sexual harassment must not be tolerated, while Defense Secretary Cheney pledged a full investigation and higher conduct standards.
Rodney King, video beaten by Los Angeles officers, was arrested in the San Fernando Valley after a domestic dispute. The case adds to a year of tension following the officers’ 1991 acquittals and the LA riots.
The Irish Republican Army said it carried out a bomb blast that damaged a car outside the Chase Manhattan Bank in London. No injuries reported. The IRA warned Britain to withdraw from Northern Ireland or face further attacks in a statement to Downtown Radio in Belfast.
In Macon Georgia federal grand jury indictment charges Charles Weatherford known as kleagle and Franklin Dale Brown exalted cyclops of the Knights of the Ku Klux Klan in Early County with six counts for burning crosses in front of homes of white women they believed were linked to black men.
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