Market slips after wholesale price jump and inflation warning
New York stocks ended slightly lower as wholesale price index increased 1.1 percent for the month, marking the sharpest rise since October 1975. The Dow fell 0.67 points to 914.06 at noon, with losers leading gainers 8 to 7 on the NYSE. Moore-McCormack Resources jumped to 48 percent after a 3-for-2 stock split and dividend increase. NYSE composite inched up 0.01 to 53.27 while the AMEX market index fell 0.18 to 110.63.
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New York Stock Market Mixed With Wide Shifts At Noon
Traders monitor a diverse list of stocks led by energy names and consumer goods firms as noon prices show varied gains and declines across the New York Exchange. Prominent names include Exxon Mobil Pfizer and Coca Cola with fluctuating values amid broader market movement.
Young accuses Britain of racism at United Nations
U S Ambassador Andrew Young said Britain had invented racism and praised itself as facing race issues poorly. Delegates and officials, including Radha Ramphal and Ivor Richard, reacted with mixed judgments as Young urged Britain to back stronger action at home and in southern Africa.
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N. Y
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Andrew Young
Britain
Africa
England
Radha Krishna Ramphal
Mauritius
Organization of African Unity Oau
Young
New York
Sections Of SE Kentucky Declared A Disaster Area
President Carter declared parts of southeastern Kentucky a disaster area and federal aid began. Gov Rockefeller put damages at 50 million with Matewan worst hit. 1,000 to 2,000 left homeless. National Guard delivered water and food. martial law in Harlan County to deter looting.
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Kentucky
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Tennessee
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Gate City
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St. Charles
John D. Rockefeller IV
Mingo County
Matewan
Thomas Harris
Harlan County
Billy G. Williams
James Wilson
West Germany prosecutor Siegfried Buback assassinated in Karlsruhe
In Karlsruhe a gunman on a motorcycle killed West Germany's top urban terrorism prosecutor Siegfried Buback as his car left a traffic light. Buback, 57, and his driver died. a bodyguard was critically wounded. The attack, with 13 bullet holes, targets linked to Baader Meinhof cases.
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Baden-Wuerttemberg
Siegfried Buback
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Andreas Baader
Ulrike Meinhof
Gudrun Ensslin
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Frankfurt
ECU School of Medicine Gains Accreditation for Four Year Program
East Carolina University announces accreditation of its four year medical program and will admit 28 students in August. Chancellor Dr Leo W Jenkins credited the Liaison Committee on Medical Education for approval and noted the expansion under Dr William E Laupus.
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Greenville
N.C
Leo W. Jenkins
East Carolina University
ECU School of Medicine
Jenkins
National Accreditation Agency For Schools of Medicine
ECU
William
University of North Carolina System
General Assembly
William E. Laupus
Small Loan Bill Killed in North Carolina House
The House Banks and Banking Committee killed a bill to cut small loan interest from 36 to 24 percent for loans up to 300 dollars. The vote was 8 to 7 against the measure. Rep. Ruth Cook hinted she might push a minority report to bring it to the House floor.
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Raleigh
House Banks and Banking Committee
James Edwards
D-Caldwell
Ruth Cook
D-Wake
Edwards
Lawmakers weigh presumptive sentencing and reforms
Mrs. Sebo outlines a presumptive sentencing bill with automatic 90 day parole and capital punishment as a maximum for Class A felonies while noting possible amendments. Other proposals include decriminalizing public drunkenness, funding for community programs, and standards for mental health services in facilities.
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