Stock Market Faces Setback On Money Supply Surge
New York stock markets edged lower as a sharp rise in the nation’s money supply raised concerns of further interest rate hikes. The Dow fell 3.06 to 994.21 as volume surged on the NYSE and Nasdaq style indexes showed slight declines. Xerox dropped after signaling a possible dividend hike despite prior gains.
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New York
Newace Stock Exchange
al Reserve
Thursar
Federal National Mortgage
Hig Board
Ysis
NYSE
American Exchange
Xerox Corp
High Point Enterprise Inside Front Page Listing
The High Point Enterprise announces its afternoon publication schedule and Independent status with billing details for subscriptions and delivery. It notes carrier delivery terms, advertising representation, and associated press content from The Associated Press.
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High Point Enterprise
Emaniguag P
Sungay Monimo
WaWaearen
High’ Point” Enterprise
Church Avenue
High
Boral
Sakharov backs Moscow Amnesty branch in civil rights push
Nobel laureate Andrei Sakharov joins the Moscow branch chairman to support a rights group forming seven legal visits or sessions, reporting on a plot to expand civil rights in the Soviet Union.
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Moscow
Candidates Curtail California Efforts in 1976 Primaries
Washington AP report notes Jimmy Carter Morris Udall and Frank Church will not mount major campaigns in California for the June primary due to Gov Edmund Brown Jrs home state advantage. Biden and others pursue other states with primaries. Carter plans spending 300000 in California while Udall targets New Jersey and Ohio with 150000 to 200000 in federal matching funds.
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Washington
Jimmy Carter
Morris Udall
Frank Church
California
Edmund G. Brown Jr
Brown
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Alutsuma
George Wallace
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Ronald Reagan
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Olio
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Idaho
Thureh
Bill Hall
Senate Panel Chief Upset by N Plant Sale to South Africa
Senate African affairs chair Dick Clark says black leaders will be upset by the State Department plan to back the 3.2 billion sale of two GE nuclear plants to South Africa including 1.4 million pounds of enriched uranium. Officials testify a license block or strict limits would be unwise, while Clark fears increased violence in Southern Africa and a jab at U.S. Africa policy. He notes NRC license authority exists though Congress may try to block Export-Import Bank guarantees or attach restrictions. The deal would be first nuclear machinery sale since nonproliferation treaty issues and fuels U.S. stance against apartheid. Clark argues the department must stay engaged to influence outcomes.
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Washington
Dick Clark
Senate
General Electric Co
Clark
Uet
Lowa
United States
Southern Africa
Nuclear Regulatory Commission
Expactimport Bank
South Africa
Nuclear Machinery Department
South Aflies
Western Europe
Henry A. Kissinger
Lusaka
Zambia
Rhodesia
U.S
Department
Holshouser Slams Special Session Over Budget
Governor Jim Holshouser condemned a recent special session as disgraceful and partisan, saying he is ashamed of its performance. He praised expanding the Kindergarten program but criticized budget cuts and delays, especially in corrections and public telecommunication aid. He urged continued funding for information lines and questioned House leadership vision.
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Raleigh
Jim Holshouser
General Assembly
Hind Matting
Holfhouser
Vaccine makers seek limited immunity for swine flu
Private vaccine producers press the federal government for legal protection against liability in the mass inoculation program. HEW officials say contracts for private vaccine purchases are nearly complete and a settlement may come in weeks. Parke, Davis, Merrell, Wyeth, and Merck are the licensed makers. The issue ties to a Ford administration campaign that could be affected without immunity.
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Washington
Bernard Feiner
Department of Health, Education and Welfare
Warner- Lambert
Parke, Davis & Co
Feiner
HEW
Merrell National Laboratories
Wyeth Laboratories
Merck Sharp & Dohme
C. Joseph Stetter
Pharmaceutical Manufacturers Association
Suit Threatened Over River Dam Plan
Power company executives told a Senate hearing they would sue the government for 500 million dollars if Congress blocks, while courts uphold, a federal license for two dams on the New River. The fee difference reflects the cost gap between the dam plan and a coal plant output, as American Electric Power’s Dowd argued the license amounts to a property right. The Interior Committee weighs blocking the dams by river inclusion in the national wild and scenic system, with Virginia backing the project and North Carolina at risk of reservoir flooding.
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Washington
Power Company
Senate
Congress
Applachian Power Co
Sand A. Joseph Down
American Electric Power Service Corp
Applachiah
Dowd
North Carolina
Thhe National Wild and Scenic
Virginia
Professor's Tenure Is Doubtful at Appalachian State
AP report on Robert F. West, tenured Appalachian State University business professor and practicing lawyer, with a recommendation by Dr John E. Thomas to discharge. West faces possible appeals to university trustees or UNC system board. colleagues cite private practice reducing academic duties. options include part time work in renegotiation contract, but tenure would be lost. West has not long been licensed. passed bar in 1973, previously granted one hour daily for legal consulting.
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University of North Carolina
West
North Carolina
Craus Williams
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