The gamecock. (Columbia, S.C.) 1908-2006, September 10, 1979, Page Page 2, Image 2
. -T * ' ? '
WORLD
Stock market up
NEW YORK ? Oil issues with exploration interests
in Canada's Beaufort Sea set the pace for the second
straight session as the stock market posted a solid gain
Friday.
The Dow Jones average of 30 industrials picked up
6.83 to 874.15, reducing its loss for the week to 13.48
nAinfo k
pvinvo.
The rush of buying in the energy stocks was touched
off Thursday by Dome Petroleum's report Thursday of
a Beaufort Sea discovery that might be "of important
commercial significance."
All of the six most active American Stock Exchange
issues Friday were companies with Canadian oil in
terests: Dome, up 57* at 47V4 as of the 4 p.m. close in
New York; Gulf Oil of Canada, up IOV4 at 79%; Bow
Valley Industries, up 2V4 at 347'; C&K Petroleum, up
2V* at 19'/'; Total Petroleum of North America, up 3'/*
at 25 Vz, and Aquitaine of Canada, up 4'/* at 40V*.
Among Big Board volume leaders, Gulf climbed IV4
to 33 V4; Mobil 3'/* to 457*, and Texaco '/ to 29y4. !
Superior Oil, which said it had a stake in a North Sea
hydrocarbon discovery, picked up 29 to 509.
?1 1 - * * '
i iic maiivet s auvance came in spue OI a iurmer rise
in interest rates and more bad news on inflation.
Trading strong
Gold, silver, Swiss franc and Deutschemark futures
rose Friday in nervous trading, with the precious
metals wavering in a wide range before closing strong.
On New York's Commodity Exchange Inc., gold
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setting an eleventh consecutive price record, gained 5
to 11.5 cents on the Comex, but rose by 25.5 to an ex*
panded 60-cent-an-ounce daily limit on the Chicago
Board of Trade, where silver trading closes 10 minutes
later.
Board of Trade quotes were about 6 to 8 cents higher
than Comex prices by the close, rallying late in the day
with gold.
Comex gold futures for spot delivery Fridav stood at
$337.50 an ounce, 52 percent higher than at the
beginning of the year, and silver was $11.92 on the
Comex, 99 percent higher.
Illite*rnr\/ ovriminarl
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JAKARTA, INDONESIA ? About 21 million Indonesians
- 15 percent of the nation's 140 million
inhabitants - are illiterate, the minister of education
said.
Dr. Daud Jusuf, speaking in a television interview
Friday night, said the problem of illiteracy is growing.
He blamed a shortage of schools and books.
The minister's statement contradicted previous
government claims that this Asian nation had
conquered illiteracy.
Clowning around HH
This happy fellow entertains
passers-by behind the State
House. He is part of the
Educational Television series
"Under the Yellow Balloon
being filmed for the fail.
JUUII UUL.I<vi> it?uuy
WASHINGTON ? Joan Kennedy says she'll campaign
for her husband, Sen. Edward M. Kennedy, if he
decides to run for president, and she'll live with him in
the White House if he wins.
"Yes, I would campaign, and, of course, I'd live in
the White House," said Mrs. Kennedy, who has lived
apart from her husband for almost two years.
In an interview Friday afternoon, Mrs. Kennedy
confirmed her husband's remarks earlier in the day
that she had lifted her once-strong objections to his
seeking the Democratic Dresidential nomination
Asked if she is enthusiastic about the possibility of a
Kennedy campaign, she replied, "When and if he
announces, I'll say then how I feel. But right now I'd
rather not comment."
Execution delaved
/ '
CARSON CITY, Nev. ? Nevada Death Row inmate
Jesse Bishop says he hopes a U.S. Supreme Court
ruling in his case later this month will stop "interference"
in his case by two unwanted defenders.
Supreme Court Justice William Rehnquist told
Nevada officials Friday to delay Bishop's execution
until the full court acts in his case. Rehnquist said he
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i ciuwuiiiu^ was graining tt SUty UI1U1 UCl. 1.
Bishop said in a telephone interview Friday with The
Associated Press that he's sure the high court will
reject a request by two Clark County public defenders
that his death sentence be set aside.
Bishop, who pleaded guilty to the 1977 shooting of
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Lrdviu oauaru, a oauxmore newiywed, during a Las
Vegas casing robbery, has opposed efforts to overturn
or delay his sentence.
Refinery planned
SAVANNAH, Ga. ? Officials of a Denver-based oil
company have announced plans to construct a 50,000barrel-a-day
refinery near this port city, which they
called "a logical place" to enter the Southeastern
petroleum mantel. ... ....... ,
The officials of Hamilton Brothers Oil Co. made the
announcement Friday in a joint news conference with
Gov. George Busbee and other state officials.
The refinery, which may cost more than $100 million,
will produce unleaded gasoline, jet fuel and diesel fuel.
It is considered a small to medium-sized facility and
will employ between 200 and 250 persons.
Noting that Georgia motorists escaped Ions lines and
the odd-even gasoline retailing plans used in other
states earlier this year, the governor said he believes
the refinery will help assure that Georgians won't face
those problems in the future. [
Gloria unlikely to hit
MIAMI TUrvvin'f "-"J f 41 * L
iuiniui ? iiicic o auiuc guuu licwa 11U1I1 U1C 1U1KS ttl
the National Hurricane Center who brought you
hurricanes David and Frederic. It's very unlikely
hurricane Gloria will hit the North American continent.
Gloria became the first female-named hurricane of
the Atlantic season Friday, just days after older
brother David ripped a path of death and destruction
through the Caribbean and Eastern United States.
"No hurricane that ever started at Gloria's latitudes
or longitudes ever hit the Western Atlantic and we're
not overly concerned about it being a threat," said
National Hurricane Center forecaster Paul Herbert.
I _ ~
STHTE
Baby dies ? mom held
COLUMBIA ? A Columbia woman was charged
Friday with involuntary manslaughter in the May 11
death of her 6^-month-old daughter, authorities said.
Kicniand county Coroner Frank Barron III made the
charge against Sarah L. Brown after a coroner's jury
ruled Thursday that she be bound over for grand jury
action.
The baby died of multiple head injuries. Miss Brown
said the child had fallen from a bed onto a concrete
floor on two occassions when she briefly left the baby
unattended.
An autopsy report shows the child's brain
hemorrhaged three times within two weeks before her
death and said it was "highly unlikely that these injuries
occurred from an infant falling off a bed."
Miss Brown is expecting her third child Nov.25. Her
five-year-old son was placed in the custody of its
grandmother after the baby's death, authorities said.
Official reprimanded
COLUMBIA ? The former North Myrtle Beach city
recorder has been reprimanded by the state Supreme
Court for reducing charges filed against persons accused
of traffic violations.
The court said Robert M. Mclnnjs charged charges
of driving under the influence to lesser charges such as
highway littering that did not affect the driver's license
record of the accused.
The charges were made at the request of defendants,
their family members, attorneys and city officials, the
court said.
The court said Mclnnis permitted a member of his
law firm to appear before him on behalf of four persons
charged with DUI violations. The charges were subsequently
reduced to either reckless driving or litThe
court said such action was improper despite a
report Dy a south Carolina Bar hearing panel that the
practice was commonplace.
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. ? - -
CHARLESTON - Six crewmen escaped without injury
after an Air Force C-141 Starlifter caught fire on
landing Thursday night.
The plane was landing on Charleston's International
Airport's main runway when problems developed with
the aircraft's braking and spoiler systems, according
to Capt. Richard B. Hodges, chief of information.
Hodges said the nose gear apparently collapsed and
the aircraft came to a halt about 1,000 feet from the end
of the runway. Fire erupted, and the crew left the
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The Base's emergency response force extinguished
the fire. There were no injuries.
Cause of the accident has not been determined.
Hodges said a board will be convened to investigate the
accident and determine damages.
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