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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 08, 1977
Page
2
New York stocks slip amid expectations the Federal Reserve will tighten credit further. Dow Jones drops to 888.32 as analysts warn higher short term rates could slow business expansion. Ryder System leads gains while volume eases on the NYSE.
A dense AP compiled table shows stock quotes for many companies with percentages, prices, and dividend footnotes. It includes names like Texaco Textron Texaco and others, plus footnote letters explaining special or extra dividends and distribution terms.
Stocks show modest declines at noon with the Dow Jones Industrial Average around 530.29 and several sectors trading lower. The American Stock Exchange index drifts near 12,042 as trading remains cautious amid sector rotations.
The High Point Enterprise explains subscription rates for daily and Sunday delivery, mail options in North Carolina, and carrier terms. It notes AP news use rights and that carriers are independent contractors, with advertising representation by London Associates.
In Memphis, a group named People United to Save Humanity launches a national petition drive to back U. S. Ambassador to the United Nations Andrew Young. Rev. Jesse L. Jackson says the effort aims for 200000 signatures by Sept. 10 to counter a conservative anti Young campaign led by Gov Meldrim Thomson Jr. and the Conservative Caucus.
In Dundalk Maryland a five foot boa constrictor emerged from a car grill as Brian Berkeridge drove to a car wash. Trooper James Emerick and Cpl Francis France coaxed the snake into a garbage can and transported it to the state police barracks while awaiting its owner.
Thousands of Greek Cypriots mourned Archbishop Makarios as his body was carried through Nicosia in a funeral procession led by politicians prelates and military leaders. The Cypriot president died of a heart attack at age 63 last Wednesday.
Tammy Lee O'Donnell, 19, an expert parachutist on her 675th freefall jump, died when both main and reserve parachutes failed during a noon jump at Raeford airport. Officials cited possible equipment failure as the cause. a pilot accompanying her called the jump normal.
Senator Frank Church heads to Havana for a four day visit with Fidel Castro. Church and aides travel aboard an Air Force jet the first U S military plane seen in Havana since 1961. He cautions against expecting an immediate shift in relations and hopes talks may encourage progress.
Ginger Rogers laments modern cinema with too much violence and excess. The 66 year old star recalls the golden era with Fred Astaire and says current films feel overstuffed with sensationalism as her Ginger Rogers Show opens in Miami.
About 700000 Bell System telephone workers are urged to ratify a three year contract with wage boosts totaling 7.9 percent this year 7.07 percent next year and 6.68 percent in 1979 Local talks with Bell System 23 operating companies will address remaining issues The agreement covers Bell operating companies Western Electric and Bell Laboratories and includes pensions for spouses disability benefits for pregnancy and five extra days off by 1980
Inmates at New York's Eastern Correctional Facility seized hostages and barricaded a section of the prison. By noon they controlled a cell block, most of the kitchen and dining areas, and part of the hospital. The exact number of hostages and weapon status remained unclear.
Cooling rains helped crews quench 44 blazes across 1.5 million acres of Alaska range and tundra while Western states faced about 300 square miles of timber and brush fires. In California, the Marble South Cone fire near Big Sur may double before containment, threatening the Carmel River watershed and Carmel Valley towns. About 3,000 firefighters worked to protect water supplies and prevent mudslides, with replacement costs estimated at 143 million dollars.
Angry residents confront a bulldozer working on beachfront land near Cherry Grove as developer Phil Permenter seeks to extend lots. They demand to see a building permit and appeal to the mayor's office after dunes were cleared in a disputed area near Hog Inlet close to the North Carolina line.
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