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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Sep 29, 1976
Page
3
New York trading opened with a mixed Dow Jones showing a modest gain after Tuesday’s 18 point drop. The market steadied as traders who sold short earlier began buying to lock in profits, with Westinghouse Electric among the most active issues and minor changes seen across many listings.
National prices for New York Stock Exchange listings are listed with high and low figures, company names, and change indicators. The long table includes names like Air Products, Anaconda, Arch Dan, Armco, Amex related tickers, and various corporate listings, reflecting a dense reader with market entries and prices.
The U S Coast Guard fields an active-duty force of 38 000, the smallest among the services. It is aided by about 39 000 volunteer auxiliary and a reserve of 34 506 able to be mobilized in emergencies.
London AP reports the British government will seek 3.9 billion dollars from the International Monetary Fund to support the falling pound after it hit a record low of 1.6360 dollars. Chancellor Denis Healey canceled trips, prepared a nationwide TV speech, and aimed to reassure markets while Bank of England options were discussed. The currency slump increased import costs and worsened inflation amid Britain's ongoing recession and high unemployment.
Syrian tanks overran four leftist positions on Mount Lebanon above Beirut as part of a broader push against Palestinian guerrillas. Arafat pleaded for help while cease fire attempts by Sarkis and Khali failed. Casualties were high with about 200 killed across fronts since the assault began.
International balloon champion Tom Gabel, 29, postponed his planned flight over the Great Smoky Mountains from Gatlinburg to Thursday morning hoping winds shift from north to northwest. He says he aims to land in Mt. Rest, D.C., and notes weather delays are common in ballooning. Gabel, married with two children, describes the flight’s quiet and personal challenge and credits a Corpus Christi origin story for sparking his passion.
Rhodesia prime minister Ian Smith urged Britain to send an envoy to Salisbury to clarify steps toward majority rule. He expressed eagerness to begin talks with African leaders on an interim government. TANZANIA President Nyerere and other front line states criticized Smith's plan to keep Defense and Law and Order ministries in white hands, stressing immediate majority rule within four to six weeks.
The Ford administration cleared a hurdle by the Senate Foreign Relations Committee killing any chance Congress would block a $30 million sale of sophisticated airborne missiles to Saudi Arabia. A remaining obstacle is an amendment barring U S firms from participating in the Arab boycott of Israel.
Handicapped activists condemn a street ticket as an example of laws denying the afflicted basic rights while an officer defends the ticket as a safety measure.
Norman Butch Owens, a bass player with Jerry Lee Lewis band for three years, was shot in the upper right chest during horseplay with a 2 Magnum pistol at Lewis home in Collierville Tennessee. He remained in critical condition Tuesday night at Joseph Hospital, according to Collierville police chief Herber Goforth.
Daniel Schorr resigned from CBS News amid a CIA report disclosure controversy. CBS President Richard Salant accepted the resignation, praising Schorr's First Amendment stand. Schorr cited internal CBS dissent and loss of confidence as factors, planning a university professorship and a book.
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