Moderate losses in flat stock market on eve of July 4 weekend
Blue chip stocks closed mostly lower while the Dow Jones average edged down to 913.08 at midmorning. Trading volume on the Big Board reached 5.62 million shares as investors eyed Fed money supply data and a holiday break. The Conference Board noted higher executive confidence, Phillips Petroleum traded 150,000 shares at 30, and the NYSE composite dipped 0.09 to 55.01 while the American Stock Exchange index rose 0.13 to 120.45.
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New York
Federal Reserve
Fed
Conference Board
Phillips Petroleum
American Stock Exchange
Stocks Mixed As Corporates Show Mixed Returns
A New York market snapshot lists numerous company tickers with varied percentages, showing mixed performance across sectors. The dense OCR readout highlights names like Pfizer, DuPont, Goodyear and Eastman with fluctuating percentages signaling gains and declines in a single trading session.
Judge Denies Plans To Stop Veterinary School Move
US District Judge Eugene Gordon denied motions to halt NC State University’s veterinary school location pending a lawsuit over location. Alumni and Black university supporters argued for A&T State University in Greensboro, but the judge found no shown discrimination against minorities in establishing the new program.
High Point Enterprise Subscription Rates Noted
The High Point Enterprise lists home delivery and mail subscription options with rates for 6 months 3 months and 1 month plus Sunday and weekly options. It notes a 4 percent sales tax and that Associated Press content remains under its rights.
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Church Avenue
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Ame
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el! Fon News Dispatches
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London
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Moore Rentatives
Hunt Praises Assembly For Easing Pot Penalty
Gov. Jim Hunt applauded the General Assembly for easing possession penalties for small amounts of marijuana. The new law allows up to a $100 fine with no jail for a first offense of an ounce or less and takes effect today after Senate approval. It retains misdemeanor status and targets uniform sentencing while noting prior prison terms for about 50 offenders.
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Raleigh
Jim Hunt
General Assembly
Senate
Hunt
North Carolina
Mississippi
al Adams
D-Wake
Rufus L. Edmisten
Senate votes on funding neutron warheads amid public works bill
The Senate prepares to vote on funding neutron warheads as part of a $10.3 billion public works bill for nuclear research and water projects. President Carter weighs approval to give him maximum flexibility, while administration officials push Congress to grant funds.
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Washington
Senate
Carter
Congress
Only Six Knew Bomber Decision
Washington AP reports the decision to adopt the B1 bomber was kept secret by a small circle around President Carter. The article details four weeks of debate, late office departures, Camp David reading sessions, and a handwritten 49-point list guiding the choice.
MENTIONED IN THIS ARTICLE
Washington
Jimmy Carter
Carter
Camp David
Defense Dept
Clapp resigns ABC post in High Point
Clapp steps down as general manager on Feb 3 and will aid the ABC Board briefly. He praises Fisher Swartzberg and Nathaniel Morehead while noting two stores are open and a third near High Point Mall. He awaits the first quarter auditor report and plans a vacation after helping finish ongoing projects.
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High Point
Clapp
ABC
Fairfield Road
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By Roger Bollen
Assembly
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Marshall Rauch
Warren G. Magnuson
D-Wash
Mark O. Hatfield
Oregon Republican
Public Works Subcommittee
Hatfield