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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 07, 1977
Page
2
Stocks show a slight gain in an erratic session with the Dow up .91 to 948.80 at midday. Gainers outpace losers about 3 to 2 on the NYSE as analysts cite a potential technical rebound amid weather concerns and a looming earnings dip for Gulf & Western.
A dense list of stock prices and percentage changes shows numerous firms including Texaco, Textron, Goodyear, CocaCola and General Electric. The snapshot includes bid and ask figures, percentage shifts, and notes on dividends and splits.
The report from the New York Exchange at noon reflects market activity and trading conditions as compiled by The Associated Press. Details are fragmentary, but indicate ongoing turnover and price movement across major indices.
Volunteers and marine officers fought 48 degree water to aid about 200 pilot whales stranded near the St Johns River mouth in Mayport Florida. Six died by nightfall while over 100 volunteers worked through the night to push and herd survivors back to deeper water.
Pittsburgh AP reports natural gas distributors could see up to 100 percent profit gains in the first quarter due to a bitter winter. Analysts expect the surge to be temporary as shortages and a normal winter return later in the year. Prices for gas stocks rose and utilities targeted residential customers amid curbed deliveries to industry.
Elizabeth Chavis, mother of Rev Ben Chavis, led speakers at Laodicea United Church of Christ in Raleigh urging reform of justice systems. She and others condemned current leaders as too tied to slavery while calling for prosecution of real criminals and an end to racial bias in the Wilmington 10 case.
A 5,000 word report by North Carolina ministers endorses a nationwide boycott of J P Stevens products and calls for unionization of Southern textile workers. The document cites low wages and poor conditions and notes Roanoke Rapids workers have formed a union. Stevens opposes arbitration and automatic dues checkoffs.
Former President Ford acknowledged in a Yale lecture that he should have met exiled Soviet author Alexander Solzhenitsyn in the Oval Office during his Washington visit. He cited logistic issues and said the administration should have explained better. Solzhenitsyn lives in Vermont. Ford urged renewed push for human rights ahead of Belgrade talks.
Tass reports the Soviet Union launched Soyuz 24 with Col Viktor Gorbatko and Lt Col Yuri Glazkov aboard to continue studies with the orbital station Salyut 5. All systems normal and crew in good health as they begin the flight program.
Defense lawyers voiced surprise after five Durham businessmen were convicted on multiple counts of conspiracy misapplication of funds and falsifying minutes related to First Federal Savings and Loan loans. Former officials W W Edwards and J B Harris led the charges with others including Bobby R Roberts and trustees Holleman Winders and Hancock. Sentencing expected next month with appeals likely if verdicts stand.
A compact note argues that steady balance is essential alongside aggressiveness for success. It suggests common sense acts as ballast to temper bold moves and sustain performance.
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