Market declines after brief Dow rally as traders retreat
Stocks fell midmorning with the Dow down 6.31 to 925.70 after a tepid upturn on Tuesday. NL Industries slid 1% to 20% and the all listed stocks index dropped to 53.90 amid a 8.39 million share NYSE volume. IBM slipped 2% on continued price cuts.
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New York
NL Industries
American Stock Exchange
NYSE
IBM
New York Stock Exchange Listed Price Summaries
An AP styled report shows scattered daily price data for many NYSE issues with bid offers and percentage changes. The noisy table lists tickers such as AmCan AmSym AmHom and AmSind along with varied percentage shifts, amounts, and trailing notes, reflecting a broad snapshot of market activity.
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NEW York
New York Stock Exchange
Ssues
AmCan
Agenius
Armco
Arce
Amrich
AtasCo
Avisinc
New York Stock Averages Tumble Amid Mixed Market Signals
The High Point Enterprise reports a market snapshot with mixed gains and losses across sectors. Transportation utilities and finance show notable activity while blue chip firms such as Merck and PepsiCo appear with varied movements amid broader index shifts.
Carter Reorganization Powers Approved In Tuesday House Vote
The House voted 395 to 22 to grant President Carter broad reorganization powers with a 60 day congressional review. A voting mechanism requires a House or Senate vote on each plan, while preserving a 60 day action window. Rep. Jack Brooks said the measure gives Congress greater control and urged Senate adoption.
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Carter
Washington
House
Senate
Congress
Jack Brooks
D-Tex
Government Operation Committee
Brooks
Hunt Nominates Two Men To Utilities Commission
Gov. Hunt named Bob Roger and Dr. Leigh Hammond to the North Carolina Utilities Commission. Roger a 10 year veteran on staff heads the engineering division and Hammond an NC State economist candidate will fill terms to 1981 and eight year term after. Both are Democrats and disclosed no utility stock or campaign ties.
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Hunt
Utilities Commission
Raleigh
State Utities Commission
North Carolina State University
Jim Hunt
Bob Roger
Leigh Hammond
Roger
George Clark
Hammond
Scott Harvey
Harvey
Clark
Jim Holfhouser
Commission
Neering
North Carolina
N.C. State
Composite Leading Index Rises in February Recovery
The Commerce Department reports the leading indicators index gained four tenths in February after a 1.2 percent drop in January, signaling a rebound from winter weakness. Of ten stats, four rose with the manufacturing work week up to 40.4 hours. California.
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Washington
Commerce Dept
Survivors Describe Terror After Pan Am Crash
Eyewitness accounts from Teri Brusco and Marian Anderson recount rapid disintegration of the aircraft and chaotic escapes. Jim Naik recalls an explosion as he was ejected and searches for his wife among the burning wreckage. A rescue worker describes charred bodies while a Spanish colonel seeks his sister-in-law amid the airport morgue. Captain Victor Grubbs notes the moment of impact and the crew's inability to see what happened.
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Victor Grubbs
Sprague resigns after long ethics probe fallout
Richard Sprague quit his post after a tense House ethics panel session led by Louis Stokes. Critics including McKinney labeled the actions a witch hunt while Sprague cited insufficient support to back efforts to fire him and decided resignation was irrevocable.
MENTIONED IN THIS ARTICLE
Joseph McCarthy
R-Wis
Richard Sprague
McKinney
Takenton
Adeeb Teapndtian
Maths Bilelias
Sprague
Gonzalez
Louis Stokes
Dohio
Australian cartoonist Bruce Petty wins Oscar for animated short
Sydney based cartoonist Bruce Petty, of The Age, wins an Oscar for best animated short. He says the win seems odd and that he plans to continue with his career where the people are. The article notes his surprise at discovering the animated category.
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Sydney
Australia
Bruce Petty
Melbourne
the Age
Pilots Dispute Runway Position After Taxiway Mixup
Investigators report a misunderstanding between KLM and Pan Am during taxiing. Van Rejsen cites an instruction to exit onto taxiway C-3, while Pan Am’s Waltrip says the order was for the third taxiway on the left, interpreted as C-4 due to closure of the first taxiway.
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KLM
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