Downturn Hits Dow Below 1000 As Stocks Slip
The Dow Jones Industrial Average fell about 7.72 points to just under 1,000 as losses outweighed gains on the NYSE. Weakness in US Steel and Bethlehem Steel weighed on the market amid rising rate concerns and a softer steel sector outlook. Volume on the NYSE and other quotes show activity remains steady into midday.
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Stock Index Update Amid Mixed New York Trading
New York markets at noon show mixed movements across sectors with transportation and finance leading gains while industrials lag. Traders weigh inflation data as energy shares retreat and tech holdings hold firm amid shifting risk appetite.
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Schorr Says Only Full House Should Stop Probe Of Leaks
New York AP says Daniel Schorr urged that the House Ethics Committee not drop its inquiry into his release of a secret intelligence report unless the House declares the probe itself a mistake. He argued the committee should proceed to clarify the leak case.
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Hitchhikers Accused Of Kidnap In Lebanon Tennessee
A California woman told police two late hitchhikers forced her off I 40 near Lebanon and held her older sister at gunpoint as the dark blue 1972 Volkswagen left with the sisters en route from Bloomington California to Florida. Deputies found the younger sister along the highway and motorists reported a body nearby. The pair had picked up two men in their 20s in Memphis and planned to drive to Statesville North Carolina.
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Cashier Relives Nightmare at Tryon Lodge Robbery
Bob House, a 340 pound cashier shot years ago during a robbery at Tryon Lodge, survived when doctors absorbed the bullet’s impact. Now a 6 foot 154 pound man, he recounts the incident to police and newsmen while the two suspects remain imprisoned.
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Gunmen Free Prisoners In Mexican Jail Escape
U S citizens held on drug charges freed by six hooded men at a Mexican jail in Maverick County. Officers searched the Rio Grande area for the escapees as investigators recovered an M1 rifle and a sawed off shotgun. Among those freed were Pascual Narvaer Omegas Ozona Texas and Jeffrey Garafola of San Francisco. Jorgensen of Denver and Rodgers of Denver reported arrest during a visit. other escapee names unavailable.
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Bomb found at Hearst home in Northern California estate
An unexploded bomb was discovered Thursday under the Hearst family's Wintoon estate in Shasta County. Sheriff’s Sgt. debts and the department were assisted by a San Francisco news organization which said it had received a call from an unidentified source.
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Bench Seeks Divorce Ends Stars Romance with Vickie
All star catcher Johnny Bench of the Cincinnati Reds and his wife Vickie Chesser Bench filed for divorce after a reported brief, public marriage of two years. Bench said the split was amicable as they agreed to separate.
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Reagan and Carter speak at regional events this week
Carter addresses Rotary Club then speaks at Wake Forest University in Winston Salem. Reagan plans a Benton Convention Center rally in downtown Winston Salem and a March 19 appearance at Nor-Lex Shopping Center in Lewin. Jefferson-Jackson Dinner chairman is Edwin Gil with state treasurer Guste chairing.
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Search for car continues in Maryland North Carolina case
An aerial search by a State Bureau of Investigation helicopter hunted a rust colored car believed to have carried five Bishop family victims from Maryland to North Carolina. The 31,000 square mile search faced rough roads as authorities pursued the missing State Department employee W. Bradford Bishop Jr. and his family.
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Panel Rejects Ford Proposal
The House Ways and Means Committee rejected President Ford’s plan to raise Social Security taxes to 12.3 percent, matching a Senate panel action. The panel also projected a 1977 budget with a $402.1 billion spend and $255.5 billion revenue, while deficits near $45 billion persisted amid tax and health cost adjustments. Additional notes indicate ongoing debate over Social Security funding and the fiscal 1977 outlook.
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Wachovia Realty Reports Second Quarter Loss
Wachovia Realty Investments Co announced a net operating loss of 91.97 million for the second quarter of fiscal year 1976 in Winston-Salem. The company also noted nearly 8 million in net operating loss for the first half, compared with a 92.78 million loss in the prior period.
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