Sluggish U S Stocks Narrow Gains In Mixed Trading
In light trading investors stayed on the sidelines amid scarce economic news. The Dow Jones industrial average rose 1.02 to 916.98 at midday as gains in IBM Polaroid Xerox Natomas helped offset declines in rubber and building materials.
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New York
New York Stock Exchange
Associated Press
IBM
Polaroid
Xerox
Natomas
American Stock Exchange
Champion Home
Emery Industries
Russell Aluminum
Media General
Microwave
GRI Corp
Bankruptcy status and tax note for securities handling
The document states that securities, when in bankruptcy or under receivership or reorganized under the Bankruptcy Act, have implications for securities assumed by such companies. It also notes that foreign interests are not subject to interest equalization tax.
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Okly
N.C
Associated Press
High Point
High Point Enterprise, Inc
Weard-Griffith Company
National Advertising Representatives
Cosmonauts Begin Fifth Day With Weightlessness Tests
Three Soviet cosmonauts aboard the space labardaory enter the fifth day with medical experiments. Georgy Dobrovolsky Vladimir Volkov and Viktor Patsayev collect blood samples and test bone calcium loss to study weightless effects on the cardiovascular system and bones while reporting they feel well.
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Moscow
Soviet Space Laboratory
Tass
Georgy Dobrovolsky
Vladislav Volkov
Viktor Patsayev
Dobrovolsky
Earth
Volkov
Patsayev
New York Stock Exchange Index Slips at Noon
A midday update shows the NYSE composite index drifting as trading slows amid mixed volume. Transport and utility sectors face modest declines while financial issues influence overall market tone.
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Electrical Failure Sparks City of New Orleans Derailment
Officials say a wheel defect caused by an electrical malfunction led to the City of New Orleans derailment north of Salem. Eleven died and 94 were injured as the four locomotives and 14 cars left the tracks at 90 mph. Fifty survivors described flames, crushed cars, and passengers trapped under rails as rescue teams freed victims.
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City of New Orleans
City of
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Salem
Sergeant Higdon Discharged and Fined in Army Club scandal
Sergeant William Higdon, 41, of East Point Georgia, convicted of stealing funds and taking kickbacks while running Army clubs in Vietnam, is sentenced by a military jury to a dishonorable discharge, forfeiture of pay and a $25,000 fine. He faces appeal and remains on duty during review.
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Long Binh
Wayne County Wins Top FFA Award in Raleigh
The Southern Wayne chapter of Wayne County received the top $100 award from the North Carolina Association of Future Farmers of America at the 43rd annual convention in Raleigh. North Iredell took second, Fuquay Varina third. The chapter also earned the state farm safety award for another $100. Harold Edwards led tobacco production and Gordon Bennett topped general crops. James B. Hunt and J R Wilson received a citation of appreciation for their support of the IFA.
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North Carolina Association of Future Farmers of America
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North Iredell
Fuquay-Varina
Harold Edwards
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FFA
IFA
Senate passes amended open meetings bill in North Carolina
The North Carolina Senate approved two amendments and rejected four as it passed a bill to open government meetings to the public by a 39 to 1 vote. The measure moves back to the House for concurrence.
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North Carolina Press Association
A. Howard White
Burlington Daily Times- News
Association
Senate
White
Legislative Services Commission
Ruffin Bailey
Wake
John Burney
New Hanover
Herman Moore
D - Mecklenburg
Bailey
Moore
Hector McGeachy
Dcumberland
Black clergyman to lead Methodist delegation at General Conference
The Western North Carolina United Methodist Conference elected Dr. James C. Peters of Winston-Salem as head of its ministerial delegation to the General Conference in Atlanta, the first Black leader in the conference. Two women lay delegates were also chosen, a first for the body. Twenty-four delegates were elected, including Rev. Jerry Murray and Dr. Charles White. The conference debated consolidation of offices in Statesville and Charlotte.
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Lake Junaluska
N.C
North Carolina
United Methodist Conference
Atlanta
James C. Peters
Winston-Salem
Women’s Society of Christian Service
Peters
Jerry Murray
Statesville
Charles D., White
Gastonia
Carl King
Leslie Earnhardt
Charlotte
Nader Seek Ad Rules Gains Support as FTC Pushes Disclosure
The FTC advances tougher advertising rules and requires future ads to admit past misleads. Nader and allies limited reaction, noting consumers must go through ad agencies for documentation. Cowan, a lead attorney, spent over a year tracking 68 claims from 58 firms, with only three providing substantiation. GM did not respond to questions about Oldsmobile Toronado engine claims. Ford disclosed canceling ads misrepresenting Torino as the lowest priced in its class after finding a cheaper Ford model.
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FTC
Nader
Federal Trade Commission
Aileen Cowan
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