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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Jan 31, 1976
Page
1
Wall Street closed a record month with 38.51 million shares traded Friday lifting the Dow to 975.28. January posted the biggest point rise on record, with total volume for January near 636 million shares, buoying stockowners from widows and orphans to mutual funds and universities.
Congress weighs a sweeping election finance push after a Supreme Court ruling narrows some limits on private spending and upholds a 1000 per candidate cap while striking the Federal Election Commission as unconstitutional. Debates over matching funds and the 21.8 million general election cap loom as lawmakers consider extending federal aid.
Firefighters from five Winchester companies battled a blaze at 7 49 p m in a storage building on Indian Alley. Chief Gene Dailey calls the cause suspicious and under investigation. Distributor Harold Orndorff says the building assembles Sunday sections for the Washington Post and puts losses around 250 to 400 dollars with no delivery impact and hopes to replace damaged copies.
Only opponents appeared at a subcommittee hearing on pari mutuel betting. Dr. Carl Howard urged opposition while suggesting private tracks might fare better than state owned ones. Proponents spoke previously. lawmakers discussed a possible statewide referendum and local options.
President Ford, speaking in Dearborn and at a Midwestern Republican Conference, urged Congress to favor private industry tax incentives to spur durable private jobs rather than new public works programs. He cited a veto threat against a 6.1 billion public works bill backed to create 800000 jobs, insisting five of six U.S. jobs are in private sector and recovery is underway with auto sales rising.
Winchester resident Thelma Clore considers a bid for Virginia’s new National Democratic Committee seat. Current Virginia members—George Rawlings Jr., W. Pat Jennings Jr., and Ruth Harvey Charity—are expected to seek reelection, with party convention in Norfolk on May 29.
Allen Ebert outlines basic Baha i tenets origin Persia as a local resident expresses interest in founding a Baha i group in town. James Wood's Larry Cain scored 14 points to push his career total past a thousand in a Colonels 64 45 win over Stonewall. Handley edged Warren County 60 57. Handley wrestlers lost to James Wood 37 12 after eight straight mat ches.
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