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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 03, 1977
Page
2
The Dow Jones industrial average fell 7.63 to 879.76 in active trading amid renewed rate worries. Morgan Guaranty Trust Co rose its prime rate to 6 percent, while Corgan had already lowered its rate to 6 percent in June, signaling continued Fed tightening concerns.
A dense OCR page lists numerous stock names, prices, and changes on the New York Exchange. It names companies such as CocaCola, Exxon, Gillette, CocaCola, PepsiCo, and General Electric with bid and ask figures, percentage changes, and notable price points.
The Noon index shows modest declines across sectors with gains in utilities and transportation offset by lower figures in industrials and American securities. The overall tone indicates subdued trading activity at midday.
The AP stock average listing shows numerous company symbols with varying percentages and figures, noting that sales figures are unofficial. It includes detailed dividend footnotes and indicators such as ex-dividend status and special payments, reflecting a period-accurate market snapshot.
Dow Jones shows slight declines across averages with industrials weak and utilities steady. Bonds edge higher as transportation and public utilities hold modest gains in early trading.
The High Point Enterprise lists mail and Sunday home delivery rates, plus carrier options and sales tax note. It notes Associated Press content rights and that transfers or distributor payments are handled by independent contractors, with contact points for home delivery and advertising representatives.
Raleigh Gov. Jim Hunt will meet with Charlotte attorney James E. Ferguson who represents the nine black men serving lengthy prison terms for the 1971 firebombing of a Wilmington grocery store. Ferguson will discuss the defendants plea for pardon of innocence on August 10.
Archbishop Makarios, Cyprus' first president and a central figure in the island's Greek Cypriot majority, died from a heart attack at 5:15 a.m. after Tuesday night illness. His death raises fears of renewed political turmoil as mourners mourned outside his residence.
New York AP Billy Carter is projected to earn about 500000 dollars from personal appearances and endorsements this year, more than twice President Jimmy Carter's 200000 dollar salary plus expenses up to 150000 dollars.
Alleged ringleaders of a State Penitentiary disturbance were held for disciplinary hearings in maximum security. Eight inmates described as leaders of a work stoppage were moved to Powhatan Correctional Center for hearings. The sit-down strike involved 300 to 450 prisoners and ended when guards moved in with night sticks Monday afternoon.
In Moatize Mozambique the Chipanga mine explosion traps about 150 miners in central Tete Province. Rescue operations faced dangers and officials feared a high death toll as crews worked to reach the workers.
Secretary of State Cyrus Vance arrived in Beirut on a peace mission and proposed 100 million in U S credits over three years to rebuild Lebanon s army. He discussed a U N observer force on the southern border and moving talks to the United States in working groups. Explosions in Beirut earlier raised security concerns but caused no casualties.
Twenty infant corpses and fetuses in glass jars labeled Cyclops Elephant Nose Baby and Frog Girl were found at a Lake County Fair display billed as a non profit educational show. Coroner Babcox called the display ghoulish and the exhibitor Chris Michael Christ faced charges of illegal disposition of bodies and illegal possession of human remains. A pathologist described the remains as human malformed infants and investigations seek how they were obtained and transported across state lines.
Adm. Turner described CIA sponsored drug research involving 12 hospitals and three penal institutions while noting many researchers acted in good faith. He cited a $375 000 donation funneled through an intermediary and said unwitting drug testing occurred in San Francisco, New York City, and on state hospital patients. The CIA released documents confirming a 25 year mind altering drug testing project.
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