Stock Market Drops Sharply On Weak Economic Outlook
New York trading opened with a broad market decline as the Dow fell 10.64 points to 611.31, marking a 12 year low in close. Banks and techs led losses with Citicorp Morgan Chase and IBM among the notable fallers, while Syntex led the Amex volume.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Dow
American Stock Exchange
Union Bank of Switzerland
Upjohn
IBM
Citicorp
IPS ‘Morgan
Chase Manhattan
NYSE
Syntex
Amex
NYSE Shrouded by Turbulence Amid Stock Listings
The New York Stock Exchange shows volatility as trading data, prices and listings appear mixed. Major securities including Ampex Corp, AmCan, and Armco are noted with varied movement while the Market Watch column records fluctuating quoters and institutional names such as The High Point Enterprise, Inc. listed as the publishing entity alongside Associated Press material.
MENTIONED IN THIS ARTICLE
Associated Press
High Point
N.C
High Point Enterprise, Inc
Ward-Griffith
Company National
Exchange
NEW Yaork (Ab
Chg
Aegis Corp
Ares
Cinerama
Ralstan
Hormelg
Reyind
LaMaur
Ronrind Rtvgorpwi
Royccoos
Marshalind
RyderSy
Medenco
Searleg
Ib. Sau Pacz
Usfilir
Stock Market Averages Slide Amid Mixed U S Prices
A sprawling A P stock list shows mixed moves across industries with notable shifts in energy, chemicals, and consumer goods. Major names include Asamera, Hormel, Rockwell, and Sony, reflecting a broad market wobble as investors weigh inflation and policy signals.
Ravenel Refuses Endorsement Amid Governor Bid
Columbia AP Charles Pug Ravenel declined to endorse any candidate for the Democratic nomination for governor. He told delegates that the open convention should reflect voters' ideals and warned his strength cannot be transferred to another candidate. Ravenel remains a candidate pending Supreme Court action after residency questions and a failed bid to overturn a state Supreme Court ruling.
MENTIONED IN THIS ARTICLE
Columbia
Charles
Pug'’ Ravenel
Ravenel
South Carolina
W. J. Bryan Dorn
Ravenell
U. S. Supreme Court
John C. West
General Assembly
Supreme Court
U.S .Supreme Court
Charleston
High Court
Ford Seeks Global Help For Economic Fixes
President Ford told World Bank IMF officials that worldwide inflation disruptions and hindered growth demand international cooperation. He urged solutions serving broad interests, trade over protectionism, price stability, and growth, and said the United States will take a constructive leadership role.
MENTIONED IN THIS ARTICLE
Spencer Davis
Associated Press
Washington
Ford
United States
World Bank and
International Monetary Fund
North Carolina Inmate Grievance Commission Adopts Prison System Path
Raleigh AP reports the NC Inmate Grievance Commission accepts most recommendations from prison officials. Inmates must file first with prison unit and regional committees before appealing to the citizen-staffed commission. Appeals treated as administrative matters with no right to counsel. the commission will receive copies of all complaints to monitor handling.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
Fred G. Morrison
Commissioner of Corrections
Ralph Edwards
Morrison
Edwards
Commission
Diplomatic rebuke on U S intervention stance in hemisphere
Senate excerpts quote against U S policy as a new president asserts intervention rights in Latin America. The remark highlights perceived U S meddling in internal affairs, drawing international reaction and concern over legality and morality of such actions.
MENTIONED IN THIS ARTICLE
Salvador Allende
United States
Captive Official Unhurt Amid Dominican Hostage Crisis
U S diplomat Barbara Hutchison remained in good spirits yet uncomfortable inside the Venezuelan Consulate in Santo Domingo where six leftist terrorists and five other hostages faced a death threat. Negotiations stalled as the government refused to meet demands for $1 million and safe passage to Cuba or Mexico, electricity and water were cut, and the heat rose to 90 to 95 degrees. One hostage fled on Saturday as authorities weighed comfort measures for the captives.
MENTIONED IN THIS ARTICLE
Ike Flores
Associated Press
Santo Domingo
Dominican Republic
U.S
Barbara Hutchison
Miss Hutchison
Robert A. Hurwitch
U.S. Information Service
Jesus de Gregorio
Cuba
Mexico
Hurwitch
Edmisten Silent On Tax Audit Calls Amid NC Race
North Carolina Secretary of Revenue J. Howard Coble said Rufus Edmisten must answer the department’s information request to resolve tax issues. Coble noted a missed auditor call and said legal conclusions hinge on Edmisten’s tax filings, as Edmisten acknowledged years of nonfiling during a debate.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
Secretary of Revenue
J. Howard Coble
Rufus Edmisten
Edmisten
Coble
Cobie
Washington
U.S
Sam J. Ervin Jr
Watauga County
Virginia
James Carson
Market Sees Diminished Demand For Old Newspapers
Los Angeles reports an soft market for waste paper as demand from Japan and Korea wanes. Prices now around 10 dollars for domestic use and five for export with Garden State Paper confirming a stronger overall paper industry on the West Coast despite recent price dips.
MENTIONED IN THIS ARTICLE
Los Angeles
Harold Cowan
AAA Industrial Paper Supply of
Cowan
Orient
Japan
Korea
California
Garden State
Pomona
Calif
Garfield
N.J
Alsip
Country
West Coast
Richard B. Scudder
Widow Killed As Police Stand Outside Door
In Gastonia North Carolina a young widow Ruby B Williams was shot and killed as three officers stood outside her apartment door. Dallas man Tommy Brown Reid 34, accused before of threatening Williams, was arrested after officers broke in following two gunshots. Williams died ten minutes after being shot twice with her own .22 pistol found on the bedroom floor. Her 9 year old son was unharmed and sister Arlene Anderson 17 escaped through a window. Reid had pleaded guilty to assaulting Williams earlier and was held without bond on first degree murder and burglary charges.
MENTIONED IN THIS ARTICLE
Williams
Harvell
Reid
Priest Offers Sacrifice At Ford Economic Summit
Msgr Lawrence J Corcoran, representing Catholic Charities, proposed a 10 percent income cut as a personal sacrifice to aid the economy, while others urged concessions. Delegates acknowledged that sacrifice was needed though disagreed on who should bear it, with Ford promising a package within 10 days focusing on jobless relief and tax adjustments. Housing chief Lynn warned new subsidies would require borrowing from credit markets, potentially nudging interest rates higher.
MENTIONED IN THIS ARTICLE
R. Gregory Nokes
Associated Press
Washington
Msgr
Lawrence J. Corcoran
Ford
Msgr. Corcoran
National Conference of Catholic Charities
Defense
James R
Schlesinger
Housing and Urban Development
James T. Lynn
Also Mentioned on This Page
High Point Enterprise
Business and Financial News Stock Market Report
The
Southern Co
AllisChal
Alcoa
Adah
Arnvax
Bae Ambac
Fiat
Ahess
Amashin
Brnds
Tam
AMP Inc
AmpexCorp
van Anacon
Anchil
ApetpCorp
ArmsiCk
Benshcp
Benga
Bethsil
Boeing
BoiseCas
Borden
Brit Petdge
Brunswk
BucyBriel
BuddCo
Bulovan
Church Avenue
Sund
NLC
Stevens
St Hom T
Oy Wares
Tampa E. & Tantov Lbva
Vo Tektronx
Teladyn
Jostens
Cartwa
Texacoz
Castlec
Kayser R
Ikys
Kellogg
Vie
Tony Thlokal
Krogerl
Ts LockhdAire
Asia
Uae
UnitBeands
Ovatore
An LaPacif
Ba Aa— Va
AirLin
LuckSir
Coopindes
Rss Fi. Macmill
Varian
Macy
Amaratol
Marcor
Wachova
McDonalds
Bnebido
Fais Deere l
Merck
Monpwibd
ZaleCorp
Ans MorNor
Motorola
EastAirLin
Eaton
Nabisco
Emérel
Natomas
NewPw
Fedders
Tron Gale
Flinikoti
Jaye Ve Northrol
Va FiaPwLl
Nwstairlas
Norton
Factaci
Ie Fenkin
NorSim
FeoepMt
Oklangldo
GamSk
Gannett
Omark
GenDynam
Geneln
OutMar
Ld GriFood
Gwirel
Fanamair
GesyOuswe
Va Gillettel
Pascoine
Uta
Pitney
Polaroid
Halliblat
Heublein
Homesthia
Questor
Jol — Jewelc
Na Wa Johnsin
L_Stock Index
New York Barkel
Transportation
Unity
Finance
Dow-Jones
Isutils
Rai
Woseconara
Wpublic Utilities
A.P. Stock
Pageta
Conan
Garden State Paper Co
Media General
Ineg
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