Stock Market Mixed as Rates Rally Prompt Outlook Shifts
New York trading opened with declines as talk of a higher prime lending rate weighed on sentiment. The Dow slipped about 6 points early, then rebounded as short term rates steadied. Polaroid rose 2% on stronger second quarter earnings expectations. Apco Oil advanced on volume amid Alaska Interstate bid. NYSE composite edged down 0.17, Amex activity led by Damson Oil lower.
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New York Stock Exchange Noon Update
AP report lists stock market activity with major index shifts and notable movements. Names like Bulova, Boeing, Bendix, and Caterpillar appear alongside variances in industrial and transportation sectors. Data shows a generally mixed day with some declines and pockets of gain across the Dow components and utilities.
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Soviet fleet boosts Indian Ocean reach from Somali refueling base
American over the counter report notes a station 50 miles north of Mogadishu will serve the Russian naval force in the Indian Ocean. The Soviet fleet, typically 10 to 15 ships, may expand operations as missile handling and refueling facilities emerge in Somalia after the Suez Canal reopening.
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The High Point Enterprise Advertising Rates Notice
The High Point Enterprise publishes advertising rate details and subscription options. Includes daily and Sunday rates, carrier delivery, and mailing plans for High Point North Carolina.
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Peron Considers Cabinet Shakeup as Labor Strikes Persist
Buenos Aires AP Isabel Peron signals willingness to scrap her 50 percent wage cap to appease CGT labor ranks while resisting removing adviser Lopez Rega. Talks of replacing ministers emerge as the cabinet trio faces resignations amid a two day general strike backing wage increases and inflation concerns.
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Kupec Denied Fourth Year of Football
A federal judge refused to overturn an ACC hardship rule denying UNC quarterback Chris Kupec a fourth year of eligibility. Judge Hiram Ward denied the injunction and Kupec’s attorneys plan an appeal to the 4th Circuit in Richmond.
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Lebanese Still Looking For Kidnaped Colonel
Lebanese security forces continue their search for Col. Ernest R. Morgan as captors demand end to the hunt and ransom to aid slum residents. U S officials say policy is not to meet ransom and Lebanese talks continue under Foreign Ministry oversight. Morgan, 43, from Petersburg Pennsylvania, was seized in Beirut on June 29 during street fighting involving Palestinian and Lebanese factions.
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Ford Announces Candidacy for 1976 Presidency
President Ford, the first vice president elevated without election, declared his 1976 bid from the White House. He said he prefers projecting a presidential image over campaigning, after initially indicating he would not run. Reagan reportedly decided to oppose him for the Republican nomination following conservative urging.
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Prisoner Holds Court Judge After Shootout Escape
In Paris a prisoner on trial at a criminal court shot two guards and took the presiding judge and a prosecutor hostage during an escape attempt. The four were later found tied to a getaway car steering wheel. guards unharmed. A woman posing as a lawyer, wife of the prisoner, entered with a grenade and handed a pistol to the inmate. Giselle Bauwens-Mille, an attorney, saw the incident as she approached the Palace of Justice.
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Doctor's Jury Challenge in MacDonald Case
Raleigh AP Abdul Segal argues the eastern North Carolina grand jury that indicted Dr Jeffrey MacDonald for the 1970 deaths of his wife and two daughters did not reflect the district's population. He cites a San Francisco expert. judge questions the study. MacDonald did not attend.
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Harrington calls for caucus on secrecy and leaks
Rep. Michael J. Harrington of Massachusetts says he asked the House Democratic Caucus to address the clash between secrecy pledges and exposing unlawful action after being denied access to secret CIA testimony. He accuses U.S. intelligence agencies of using secrecy to shield misdeeds and asks Speaker Carl Albert to lead the issue. In a letter he questions how a congressman should act when secret testimony reveals grotesque law violations.
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Baptists Meet in Sweden For 13th Alliance Congress
Nearly 10 000 delegates crowd Stockholm for the opening of the 13th Baptist Alliance Congress with about half from the United States. The American delegation is large as roughly 25 million of the world’s 34 million Baptists live in the United States. The meeting is the largest Baptist conference ever held, with officials and observers from Soviet West and Russian exiles in West Germany attending.
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Sweden
Toni Ht
13Th Baptist Alliance Congress
United States
West Germany
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