Wall Street stock market slides on natural gas bill setback
The New York Dow fell 3.85 to 960.96 as broader losses hit NYSE shares. Trading volume eased to 12.44 million on the Big Board. Shares tied to gas like Superior Oil and Coastal States Gas led declines amid the House's move to a substitute bill delaying unregulation.
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American News Briefs From the Era
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Dow Jones Averages Report Slips Amid Transport Sector Lags
Market brief notes the Dow Jones averages edge lower as transportation stocks show weakness and the session features mixed leadership across major indexes. Investors weigh earnings and macro signals, with volatility muted compared to recent weeks.
Candidacy for President in flux amid GOP contest
Ronald Reagan campaigns in New Hampshire for the Republican nomination while Ford camps there for exposure. Nelson Rockefeller hints at a possible run, plans broad speaking tour, and has not ruled out a future bid beyond the vice presidency. A Harris poll weighs domestic vs foreign issue strengths and Kissinger's policy impact on the race.
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After One Storm North Awaits More Snow Across Regions
Snow blanketed Cleveland with eight inches as Ohio and neighboring states braced for more. One death was tied to shoveling amid slippery roads and low visibility. Schools and roads closed. fire crews struggled to reach calls. California saw rare snow in the Bay Area while Indiana mobilized National Guardsmen after an ice storm. Travel advisories and winter warnings stretched from Ohio to New Jersey and into New Mexico and Texas. Temperatures ranged from 20 to 72 degrees.
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Ford Outlines Plans For FEC Restructure After Election
President Ford proposed restructuring the Federal Election Commission with members appointed by the president and hinted at abolishing the commission or new election law after the election. He spoke to 13 congressional leaders outlining steps to prevent loss of power by month’s end and noted talks on transferring FEC authority for federal matching funds.
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Louisiana Fights Federal Gas Pricing and Campaign Finance Fight
Louisiana Governor Edwards condemns a House bill to regulate natural gas prices as unconstitutional, seeking a court ruling on state rights. Exxon and independent gas firms denounce the measure as political maneuvering. In federal election matters, the FEC struggles over presidential funds and advisor time with a split vote on Morton guidance, while Ford weighs how to proceed with legislation and funding to Capitol Hill.
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No Evidence So Men Freed In Hickory Cockfight Bust
Newton AP report says Judge Livingston Vernon directed verdicts of innocence Thursday for 23 men arrested at a cockfight twelve miles south of Hickory last Nov. 15. The state failed to present sufficient evidence as prosecution witnesses were unavailable. The 23 were among 142 people arrested in the raid. most others pleaded guilty or were released on terms.
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Greensboro Democrat Luncheon Draws 700 Reservations
Hunt from Greensboro was once active in Terry Sanford's gubernatorial campaign. The luncheon was open to the public and organizers expected many Democrats to attend among about 700 reservations.
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Tenants Evacuated After Fire At Elderly High Rise
In Wilmington a fire in a ninth floor apartment at Solomon Towers forced evacuations of residents from a low income elderly housing high rise. Three residents were treated for smoke inhalation. Fire Chief B D Shipp said the blaze was minor and under control minutes after fire crews arrived.
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Bloodstone Folio Describes Sacred Stone Legend
A medieval folio recounts that the bloodstone gained its own virtue from a great stone at the foot of the Cross, linking relic lore to sacred geography and Christian symbolism.
Directory assistance cuts hit Southern Bell customers
CHARLOTTE AP A Purred report shows directory assistance calls dropped 67 percent in the 7M calling area after Southern Bell Telephon Co began charging 20 cents per call after five free calls. King Triplett said local calls averaged 102000 weekly in early December versus 34000 in late January. The new fee started January 14 and targets lower Piedmont and western North Carolina. Temporary operators were deployed statewide to handle DA calls. Carolina Telephone and Telego plans 79 layoffs starting February 6 due to the drop in information calls after its own 20 cent charge began January 15.
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