Stock market ends week with mixed gains and heavy declines
Investors face a volatile Labor Day weekend as the Dow rises 21.74 to 678.58 and the S&P 500 advances 0.60 to 72.15 while NYSE composite adds 0.15 to 37.70. Volume hits 74.19 million. declines outpace advances 1,250 to 509 amid a grim 1974 backdrop. Pan Am leads NYSE volume with a 2% drop. Syntex climbs 1.5% on strong earnings on the AMEX.
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New York
Standard & Poor
New York Stock Exchange
NYSE
Dow
Pan American World Airways
Yugoslav Rail Disaster Kills Over a Hundred Near Zagreb
An express train carrying Yugoslav workers returning from vacation derailed near Zagreb injuring more than 150. At least 120 were killed with 30 to 50 more feared under wreckage. Investigators detained three railway workers and a station official as officials discussed causes. Cranes worked amid disfigured victims and scattered debris.
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Zagreb
Yugoslavia
Zora Stajduhar
Tanjug
Athens
Dortmund
West Germany
Belgrade
Germany
Ford to campaign for Republicans in several key states
President Ford plans to tour Vermont Pennsylvania Indiana and Kentucky to campaign for GOP candidates on fiscal policy. He will stress budget control and inflation reduction, urging voters to back candidates who support tough spending cuts.
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Washington
Ford
Vermont
Pennsylvania
Indiana
Kentucky
Jerald F. Ter Horst
Congress
Barre
George D Aiken
terHorst
Aiken
Philadelphia
Indianapolis
Louisville
White House
Chicago
Columbus
Ohio
New Zealand Prime Minister Norman Kirk Dies at 50
The government announced the death of Prime Minister Norman Kirk aged 50. He died after heart failure following hospitalization for gastric influenza and a prior illness. Officials cited pleurisy complications after a varicose vein operation, with no distress preceding the death.
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New Zealand
Norman E. Kirk
Kirk
Editor Reg Murphy Kidnapping Exposed. Williams Sentenced
William A. H. Williams received 40 years for extortion in the kidnapping of Atlanta Constitution editor Reg Murphy. Murphy, 40, was freed unharmed after nearly 50 hours, with Cox Enterprises paying 700000 dollars ransom. Williams, 34, also drew 20 years for extortion, 10 for use of a firearm, and 10 for mail fraud. parole possible in 13 years.
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Atlanta, Ga
William A. H. Williams
Atlanta Constitution
Reg Murphy
U.S
William O’kelley
Williams
Murphy
Cox Enterprises, Inc
The
Constitution
Lilburn, Ga
Tyrus Atkinson Jr Williams
O’kelley
Atkinson
Ford opens early sales for select 1975 luxury models
Dearborn based Ford plans early sales of six 1975 luxury models including the Elite Thunderbird Marquis Cougar XR7 Continental and Mark IV at dealers to meet GM competition. Prices on these models rise 10 to 18 percent over current specs with final 1975 pricing set for September 9 and bulk model releases starting soon.
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Dearborn
Mich
Ford Motor Co
Ford
General Motors
John B. Naughton
AMC recalls 1413 police cars for wheel mounting defect
American Motors recalls 1413 Matador and Ambassador police cars over heavy duty wheel mounting surfaces that could loosen and wobble. About 940 units may have defective mounting surfaces, though regular models are unaffected. The wobble provides advance warning before a wheel could detach if not fixed.
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Detroit
American Motors
Matador
Ambassador
Middletown Weather: Clear and cool tonight
The Middletown area will see clear skies and cool temperatures with lows in the lower 50s. Sunday is expected to be mostly sunny and cooler with daytime highs in the lower 70s.
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Middletown
Deserter Released In Canada After Border Incident
Ronald J. Anderson, a U.S. Army deserter, is back in Canada at Peace Arch International Park with immigrant status and plans to seek citizenship. He was released after a week in Ft Lewis stockade following a border arrest deemed an inappropriate apprehension by Canada.
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Peace Arch International Park
Ronald J. Anderson
United States
Anderson
Marion
Ft Lewis
Wash
U.S
Canada
The
Mission
B.C
Ft. Lewis
Governors summoned on lottery legality concerns
Justice Department official Saxbe sent telegrams to governors of Connecticut Delaware Illinois Maine Maryland Massachusetts Michigan New Hampshire New Jersey New York Ohio Pennsylvania and Rhode Island alleging possible violations of federal criminal law in state lotteries. He invited leaders to a Sept 6 meeting to discuss potential civil action unless Congress enacts remedial legislation.
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Saxbe
Justice Department
Connecticut
Delaware
Illinois
Maine
Maryland
Massachusetts
Michigan
New Hampshire
New Jersey
New York
Ohio
Pennsylvania
Rhode Island
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GOP
Republican Party
Dean Bureh
AMC
U.S. State Department
Ronald Anderson