Market Slide Deepens as Rates Inflate Disintermediation Fears
The Dow fell further amid selling pressure as traders feared rising short term rates. Blue chips like Procter & Gamble and General Motors led declines while Treasury bill yields jumped, signaling a shift of funds from stocks to short term debt instruments.
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New York
Dow Jones
New York Stock Exchange
Wall Street
Treasury
Federal Reserve
Procter & Gamble
General Motors
Sears Roebuck
Local High Point Enterprise Rates and Delivery Terms
The High Point Enterprise lists subscription rates by mail and carrier for North Carolina residents with annual, semi annual and monthly options. It notes 4 percent sales tax in NC and disclaims responsibility for advance payments to carriers or distributors.
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Divier
High Point Enterprise
High Oes Enterprise
Church Avenue
High Point
N.C
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AP News
Post
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High Pontee Inc
Landon Associates
McNeil Smith criticizes Helms over out-of-state donations
Democratic U.S. Senate candidate McNeil Smith, a Greensboro lawyer and state senator, accused incumbent Jesse Helms of taking large outside contributions. He urged standing up to out-of-state interests and said North Carolina’s seat is not for sale. Smith’s campaign report showed $36,093.87 received and $30,688.54 spent this year.
MENTIONED IN THIS ARTICLE
Raleigh
McNeil Smith
U.S. Senate
Jesse Helms
North Carolina
Smith
Greensboro
Balloonists End Atlantic Bid Off Nova Scotia
The second American attempt to cross the Atlantic by balloon ends off the Canadian coast. Dewey Reinhard and navigator Steve Stephen son were rescued by the Provo Wallis after a bar harbor start. Reinhard says he is disappointed and embarrassed but intends to try again next year.
MENTIONED IN THIS ARTICLE
Halifax
Nova Scotia
Atlantic
Canada
Eagle
Provo Wallis
Dewey Reinhard
Steve Stephenson
Bar Harbor
Maine
Reinhard
North Carolina Porn Law Faces Constitutional Challenge
In Charlotte a federal judge, James McMillan, questions his role in a suit challenging the state anti-pornography law. Joiar Cinema of Charlotte and W-S Enterprises of Greensboro and High Point claim the measure, which targets adults only businesses as public nuisances, is unconstitutional. Similar suits exist in Raleigh and Fayetteville.
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Charlotte
U.S
James McMillan
Joiar Cinema
W-S Enterprises
Greensboro
High Point
Raleigh
Fayetteville
McMillan
Straws to Decide Runoff Winner in Matthews Mayor Race
In Matthews North Carolina a five mile from Charlotte mayoral primary ends in a 66-66 tie for second place between Graham E. Smith and Clay Lefter after absentee ballots. An official canvass will have a straw drawing at 11 a.m. to determine who advances to the runoff against R. B. Collins who led with 88 votes.
MENTIONED IN THIS ARTICLE
Clay Lefter
Lefter
William B.A. Culp Jr
Mecklenburg County
R.B. Collins
Former Budget Director Bert Lance Seeks Carter Help
Bert Lance, the former federal budget director, says he still hopes to contribute to President Carter's administration. He resigned after Senate hearings into his banking activities and plans a Washington, D.C. trip to meet Carter, saying the presidency is a big, tough job and he knows Carter needs help.
MENTIONED IN THIS ARTICLE
Jimmy Carter
Calhoun
Bert Lance
Carter
Lance
Senate
Georgia
Atlanta
WXI
Washington, D.C
Three Americans Win Nobel Prize in Medicine
Three Americans share the 1977 Nobel Prize in physiology or medicine for discoveries on peptide hormone production. Roger Guillemin and Andrew Schally divide half the prize, Rosalyn Yalow takes the other half, all tied to peptide research.
MENTIONED IN THIS ARTICLE
Stockholm
Sweden
U.S
Roger Guillemin
Salk Institute
San Diego
Calif
Andrew Schally
Veterans Administration Hospital
New Orleans
Rosalyn Yalow
Bronx
New York City
John H. van Vieck
Harvard University
Philip Anderson
Princeton University
Bell Laboratories
Nevill F. Mott
Cambridge University
England
Amnesty International
Vicente Aleixandre
United States
House Reform Plan Rejected Amid Cost Concerns
The Commission on Administrative Review proposed an overhaul of the House operations including an administrator auditor and comptroller and a personnel office. A three member panel would screen complaints. Republicans 139 votes opposed, 113 Democrats against. Critics called it not reform, citing higher allowances and increased spending totaling about six million dollars.
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Commission On Administrative Review
House
Congress
O'Neill
Anderson
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