Markets Mixed OnWall Street With Profit Taking
New York stocks opened mixed as profit taking pressed against signs of improving economy and lower interest rates. Dow slipped 2.13 in early trading while NYSE composite fell 0.06 to 52.01 and Nasdaq style indexes showed small moves. Volume reached 17.2 million shares in two hours, with Gold stocks down as London bullion prices hit a two year low.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Ford
State of the Union
Middle South
Ul Ural
NYSE
American Stock Exchange
London
ASA
Donte Mines
Homestakes
Bicentennial era tax plan dominates New York stock page
A garbled stock page notes a 1976 Bicentennial year push with tax cut proposals for real estate and estate taxes over five years, possible 20 year payment extensions at four percent interest, and housing aid for families. References Ford’s budget, the Democratic critique, and industry terms mingle with scattered company names and figures.
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Perenntaurcesret
Praca
Sutte FE
Heamon
Aviation
MIC Corp & R
Ranati Commie Ste Feuaroond
Masnington Groep
Ford
Ford recalls inspiring speeches and Lincoln's urging
Ford reflected on memorable presidential words during a National address, contrasting Ike and Lincoln with later calls for a New Frontier and a Great Society. The speech drew bipartisan applause though Democrats remained largely quiet, ending with a chapter on shared ideals and a campaign catchphrase.
MENTIONED IN THIS ARTICLE
Ford
Ike
America
Economists Assess Ford State of the Union Address
Economists Walter Heller and Pierre Rinfret criticized Ford's speech as a predictable, pro-government set piece with few new facts. They faulted the omission of the 1977 deficit, worry about unemployment and wasted human capacity, and questioned tax break incentives and the feasibility of broader government expansion. They noted no public job programs and questioned the 104 million budget and proposed payroll tax hike.
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New York
Ford
Walter Heller
University of Minnesota
Council of Economic Advisers
Kennedy
Johnson
Pierre Rinfret
Nixon
Biatret
John Kennedy
Lyndon Johnson
Fant
Ronald Reagan
House
Thomas P. O'Neill Jr
D-Mass
Albert
Congress
Bal Ford
Hurd
Court Upholds Baechler Contempt Citation Refusal
The circuit court ruled Baechler’s Quaker beliefs prevented him from rising in court but denied overturning the contempt citation. It said his conduct was quiet and respectful with no belligerence, yet acknowledged some accommodation may be needed for issues arising from deep religious convictions.
MENTIONED IN THIS ARTICLE
Baechler
Prisoners' Black Hole case heard after appeal
The 4th U S Circuit ordered a Raleigh district court to hear five North Carolina inmates claims of cruel and inhuman punishment at North Carolina Central Prison. They described a maximum security cell with no bedding or light, a shared razor and severe conditions including high pressure water punishment, limited recreation and inadequate medical care. The court said the prison’s disciplinary procedures alone justified reversal. Comment by officials was mixed amid calls for prison rebuild.
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Richmond
U. S. Circuit Court of Appeals
North Carolina
U. S. District Court
Raleigh
U. S. Supreme Court
Justine Thomas C. Clark
Clark
Charles Kirby
William Yarborough
Lemuel Oldham
Rlichard Carter
Roger Land
Creat
Calcutta
Libra
David Jones
Corrections Mmant
Keld
Smuth
Priso
Uhat
Carter Delegates Uncommitted as Ford Leads Iowa caucus sample
In a 62 precinct Iowa sampling mostly rural, Ford leads Reagan 264 to 243 with 62 uncommitted votes. Rockefeller 7, Richardson and Ray 1 each. Carter had been active early in Iowa and finished with a strong delegate tally, while Held and Sykes commentary notes a solid but not spectacular performance.
MENTIONED IN THIS ARTICLE
Ford
California
Ronald Reagan
GOP
State Central Committee
Nelson Rockefeller
Elliot Richardson
Iowa
Robert Ray
Carter
Richard Sykes
Bayh
Sykes
Harris
Tate Matthews
Lebanon Crisis Escalates as 5000 PLA Troops Signal Move
Reports say Syria, Lebanon border tensions flare with Chamoun accusing Syrian troops of crossing borders. Palestinian sources claim Israel massing forces along Lebanon's south while PLA units move from Syria into Lebanon. Army denies invasion threat. officials call figures exaggerated.
MENTIONED IN THIS ARTICLE
Lebanon
Riad
United Nations
Israel
Palestine Liberation Army
Yasir Arafat
Palestine Liberation Organization
Syria
PLA
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Ican
Ameder
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TAM Oy Ask Tso
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Avara Wee Ye
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Usene
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Wick
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Bat Enterprise
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Neoriitin Company
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Caro
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Dbs
Inigo Ae
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le Neti
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Richard M
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Ringret
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Black Hole
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