Dow dips as bank failure sparks caution in Wall Street
New York stock activity opens with the Dow Jones industrial average down 87 to 057.49 amid mixed results. Investor nerves ease slightly on oil price hopes from Iran but strengthen over Hamilton National Bank's insolvency and asset seizure. Pan American and Braniff rise on airline strength while Kodak slides on earnings, with volume at $2.62 million on the Big Board.
MENTIONED IN THIS ARTICLE
New York
Iran
Chattanooga
Hamilton National Bank
Tennessee Bank
Pan American
Braniff
NYSE
American Stock Exchange
Eastman Kodak
L'y
New York Exchange Prices From National Markets Snapshot
An OCR glimpse shows scattered data on New York stock prices, including indices, company names such as Alcoa and Armco, and various price figures. The draft lists multiple tickers, potential foreign entries, and exchange notes, reflecting a market summary page with inconsistent legibility.
Unclear stock market ledger from 1976 AP dispatch
A crowded OCR of Dow Jones averages and scattered company quotes shows a stock market snapshot with numerous tickers, percentages, and financial jargon. The fragment references American stock prices, dividends, ex dates, and corporate actions, but is garbled and hard to parse.
Civil Service Abuses Seen
Washington AP reports that eight months at the General Services Administration saw repeated claims of no openings yet hires following congressional inquiries. A separate file shows promotion favoritism, with merit ignored in two cases. A US Civil Service Commission probe led by Milton Sharon revisits alleged hiring biases, aiming for a report next month.
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Civl Service Commission
GSA
Ben Joseph
US Civil Service Commission
Pennsylvania Justice Department
Joseph
Milton J. Sharon
Philadelphia
Civil Service Commission
Commission
Hamilton National Bank Seized Reopens as First Tennessee
Hamilton National Bank of Chattanooga was seized after insolvency declaration by the Comptroller of the Currency and will reopen as First Tennessee National Bank. The FDIC said depositors transfer automatically to the new bank, with First Tennessee acquiring assets for 16.251 million from Memphis based First National Tennessee Corp. About 450 million in deposits served 120,000 customers. First Tennessee, with 1.4 billion in assets, aims to restore the bank. An FDIC team of 150 agents arrived to manage the transition.
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Chattanooua
Tent
Hamilton National UK
Chattanooga
First Tennessee National Bank
First National Tennessee Corp
Memphis
Tenn
Bank Holding Com
National
First Tennessee
Terry
FDIC
Chattanooga Bank
Hamilton Mortgage Co
Atlanta
Lawyers Push Advertising Proposal Faces Strong ADA Opposition
In Philadelphia the ABA midwinter meeting battles a proposal to allow lawyers to advertise fees and areas of practice. Supporters cite antitrust pressure after Supreme Court rulings. critics warn of misleading claims and ethics concerns. The outcome hinges on a close vote among delegates as key rulings loom.
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Philadelphia
American Bar Associetion
ABA
Chesterfield Smith
Lakeland
Fla
Smith
House of Delegates
Becuse
Supreme Court
Justice Department
National Court of Appeals
Federal Circuit Courts of Appeals
Law Enforcement Assistance Administration
Consumers Union
Richmond
Post workers return as two unions reach accord
Hundreds of Washington Post printers and mailers crossed the picket line after talks yielded a new contract for the mailers and printers. The Newspaper Guild unit plans further action as photoengravers vote on a contract while other unions had already agreed to return.
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Washington (Ap
Dressines
Washington Post
Post
John Dower
International Typographical Union
The
Newspaper Guild
Urepost
Rani and File
Dower
Nommon
Deans building siege ends with shooting and student expulsion
Najim, a Jordanian student of Palestinian origin, was wounded when a guard opened fire as authorities escorted him from the Deans building after demanding to be handed to Palestinian guerrillas. He had been among more than 10 students expelled in 1974 after campus disturbances. In February 1975 an anonymous letter threatened the university president Kirkwood.
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Ieraeli
Israel
Alec
Najim
Joseph Cherbera
Agient
Ghosn
Reer Najim
Kirkwood
Many Worries Beyond Increased Taxes Today
A sweeping concern list grows beyond tax hikes and rising living costs. People worry about job security, health care access, climate risks, inflation pressure, and political instability impacting daily life. Public mood reflects uncertainty about future economic stability.
Hearst Tour By Jury Provokes Mixed Reactions In Daly City
Jurors visited the Hearst case scene near Daly City with Miss Hearst returned to San Mateo County Jail. Prosecution notes say tour aimed to aid recollection, while witnesses describe the visit as tense and unsettling. Six SLA members involved. one survivor, others died in a shootout. If convicted, Hearst faces up to 35 years.
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Miss Hearst
San Mateo County
Johnson
San Francisco
SLA
Washington
Browning
San Francisco Examiner
Randolph Hearst
Los Angeles
Ford and GOP Leaders Plan Strategy On Jobs Bill
Republican leaders confer with President Ford to craft a strategy after the House passed a public works jobs bill 321 to 80 to override a veto. The measure would authorize state and local grants for public service jobs during high unemployment, with quarterly payouts and six month spending deadlines.
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Washington
Ford
House
Conness
Senate
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