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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 11, 1977
Page
2
The New York stock market turned lower amid Fed tightening worries and possible prime rate hikes. The noon Dow fell 5.3 to 930.89 while losers led gainers on the NYSE. Sony led active issues as the composite index edged down and volume topped 8.6 million shares.
A scrambled Reuters style market report shows NYSE stock quotes with numerous company names and price points. The page lists daily percentage changes, ex dividend notes, and cross references to banks and industrials in a dense financial table.
The noon market report shows the New York Stock Exchange index down nine cents to 415.00 with declines in industrial and transportation sectors. The American Stock Exchange noon index sits at 11,429.004.
Ten women aged 37 to 44 completed 24 days of testing at NASA Ames to gauge how they might withstand life in space. The nine day bed rest core simulated weightlessness while physical tests and centrifuge rides assessed endurance, with participants saying they would do it again.
Washington reports show the average American earned 9.1 percent more in 1976 with per capita income rising from 5903 to 6441 dollars while inflation measured 4.8 percent. Alaska had the highest per capita income at 10178 dollars and Mississippi the lowest at 4575. Transportation ate 21 percent of spending in 1978, up from 15 percent in 1960-61, while food rose to 24.4 percent. Retail sales in April reached 59.4 billion dollars, up 11 percent from 1975. The House Banking Committee approved a two year extension for the Council on Wage and Price Stability to issue early inflation warnings.
President Carter’s five day European swing sparked an allied tingle of excitement and helped restore American moral leadership. He met London and Geneva leaders on economic recovery and nuclear proliferation and urged NATO to prioritize force improvements against a rising Communist threat.
Striking tobacco workers taunted job seekers at Liggett and Myers in Durham. Police and courts dealt with violence as a 26-year-old woman faced assault charges for driving through pickets. others faced weapons charges and disputed court hearings amid labor dispute over cost of living raises and a demand for a three year contract without limits.
The article notes Alfred Allred a polygamist leader linked to a church group in Salt Lake City. It mentions his relationships with multiple wives and prior imprisonments during anti polygamy campaigns. Police note polygamy illegal in Utah with limited prosecutions. Authorities estimate 25 000 to 3 000 polygamists across Western states.
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