Former President Richard M. Nixon is scheduled to arrive in Moscow on Saturday on a private visit to the Soviet Union, an official of the Foreign Ministry said today. The ministry spokesman, responding to queries about an approaching visit by the former President, gave no details, saying only that Mr. Nixon was coming “as a private person, as a tourist.” A senior official at the United States Embassy said he did not know that Mr. Nixon was planning to visit. In Washington, Edward P. Djerejian, a White House spokesman, said that Mr. Nixon’s trip was “purely private” and was taken at Mr. Nixon’s initiative, and that Mr. Nixon had spoken by phone with President Reagan before departing for Moscow. He said he did not know what the two men said or when they spoke.
The public prosecutor’s office in Rome filed an appeal today of the verdicts and sentences in the Achille Lauro hijacking case, arguing that some of the jail terms ordered by a jury here should be more severe. After a three-week trial, the jury condemned a fugitive Palestinian, Mohammed Abbas, and two of his deputies to life in jail in the hijacking, but rejected prosecution demands for life sentences for four others, including the confessed killer of Leon Klinghoffer, an American tourist aboard the ship. The appeal process is likely to feed a public controversy that is developing over several of the jury’s decisions. In Rome today, the small but influential Republican Party protested what it called the jury’s “indulgence” toward the hijackers and its “contradictory” findings on important anti-terrorism laws. Other commentators defended the jury decision against criticism. The state’s appeal will seek a reversal of the jury’s decision to issue reduced sentences for several defendants on the basis of extenuating circumstances, said the deputy chief prosecutor, Luigi Francesco Meloni. Among those shown leniency was Magid al-Molqi, who, in a signed confession that he later disavowed, admitted killing Mr. Klinghoffer, a 69-year-old New Yorker who used a wheelchair. Mr. Molqi received a 30-year sentence.
The authorities said today that a letter purporting to be from Direct Action, a left-wing French terrorist organization, said the group was taking responsibility for a bombing attack this week on the annex of a police headquarters here. The police, who had earlier named Direct Action as the most likely suspect in the bombing attack, said they were taking the statement seriously. In another development, a court in Lyons sentenced a Middle East terrorist leader to four years in prison for weapons possession and using forged papers to enter France. The sentence, announced Thursday, drew criticism today from the United States Embassy, which said it was “surprised” at what it characterized as the lightness of the punishment.
The Turkish Cypriot administration announced today that it would reopen crossing points between the Greek and Turkish Cypriot sectors on Saturday. The action ended a weeklong blockade that diplomats viewed as the most serious challenge to the authority of the United Nations and its peacekeeping forces since the Turkish invasion of 1974 split the island. Rauf Denktash, the Turkish Cypriot leader, demanded that the United Nations negotiate with him as head of government about the movements of the peacekeeping troops and relief supplies to the more than 1,000 Greek Cypriots and Maronite Christians who remain enclaved in the Turkish area.
Prime Minister Shimon Peres indicated today in a radio interview that Israel expected Syria to restrain pro-Syrian armed groups in southern Lebanon. A communique issued Thursday in Damascus said two pro-Syrian groups had sponsored a coastal raid that Israel thwarted. Mr. Peres said the Syrian Government might not have ordered the action but had at least closed an eye to it. “Closing an eye must be made a Syrian problem,” he said. He added: “We must make Syria selective about whom they shelter in their midst.”
Mexican soldiers wielding bayonets have taken over the police department in Juarez, but the government has denied an assertion by the National Action Party, an opposition party, that the city is under martial law. The United States Consul General, Mike Hancock, warned American tourists to exercise caution because of “a strong possibility of political demonstrations.” Soldiers in Ciudad Juarez, across the Rio Grande from El Paso, took control Thursday, according to the City Manager, Sergio Conde Varela. The National Action Party has charged government-instituted fraud in the state elections July 6. The party has controlled Juarez for three years, and the results of the elections are to be announced Sunday.
A classified Defense Department assessment of the invasion of Grenada by American forces in 1983 found that the mission was fraught with confusion brought on mainly by hasty planning, newly published documents show. An almost total lack of intelligence data about the situation on the island, brought on when a Central Intelligence Agency operative refused to fly there as a crisis enveloped the island’s radical Government, was followed by critical failures of military communications and faulty tactics, the assessment concluded. While the operation has been criticized for poor coordination, and has been cited to support arguments for legislation that will soon reorganize the Joint Chiefs of Staff, newly published details from the Pentagon’s assessment go well beyond what was known previously. As portrayed in the report, the mission’s flaws included mistaken information about the strength of the island’s defenses, a decision to land Army rangers in daylight hours and, above all, a nearly crippling lack of communications between the Army, Navy, Air Force and Marine units that took part in the invasion.
The C.I.A. will take responsibility for managing day-to-day military operations against the Nicaraguan Government under instructions from the Reagan Administration, Administration officials said. The officials said that the State Department would have overall policy direction of the operations, and that William J. Casey, the Director of Central Intelligence, had promised Secretary of State George P. Shultz that any actions that might prove potentially embarrassing if exposed would be cleared with the State Department first.
The Reagan Administration continued to press the Chilean Government today for what it called an honest investigation into the death of a young Washington resident who was reportedly set on fire by Chilean soldiers. The call came as a high-ranking State Department official prepared to fly to Chile on Saturday. State Department officials said the trip, by Robert S. Gelbard, Deputy Assistant Secretary of State for Inter-American Affairs, would focus on the need for a transition to democracy. But the Chilean leader, Gen. Augusto Pinochet, said today in Concepcion, Chile, that he expected to remain President for another term, until 1997. This appeared to be the strongest declaration yet of his intention to hold onto power, which he seized in a military coup in 1973. State Department officials were upset by statements made by General Pinochet that it was possible that the youth, Rodrigo Rojas de Negri, who was born in Chile, had been carrying flammable liquid and set himself on fire.
Rebuffing those who want him to give up power, General Augusto Pinochet said today that he expects to remain President of Chile until 1997. In what appeared to be the strongest declaration to date of his intention to hold onto power, the Chilean military leader said he was “convinced that the people will support this Government for a new presidential term” when the present eight-year term ends in 1989. His wife, Lucia, later told journalists that the comment meant that General Pinochet intended to seek the additional term for which he is eligible under the 1980 Constitution.
South African security forces said today that they had shot dead 10 black guerrillas in the last two days. The figure is the highest claimed tally of insurgent deaths reported in one day since the start of the nation’s newest emergency decree a month ago. At the same time, the prospects for a Western European effort to promote dialogue between blacks and whites in this divided land seemed to dwindle. Winnie Mandela, the anti-apartheid activist and the wife of the jailed black leader Nelson Mandela, said after a conversation with her husband today that he would not meet later this month with Sir Geoffrey Howe, the British Foreign Secretary. He is conducting peace efforts on behalf of the European Community. “No black leader of any relevance will see Sir Geoffrey,” Mrs. Mandela said after visiting her husband, jailed on sabotage charges in 1964, in Pollsmoor prison in Cape Town. Mr. Mandela, she said, “is not in a position to meet Sir Geoffrey at all.”
The imprisoned black leader Nelson Mandela recently made an impassioned appeal to a South African Cabinet minister for direct talks to prevent a worsening conflict, a diplomat said today. The extraordinary encounter May 16, in a bungalow on the grounds of the prison near Cape Town where the anti-apartheid leader is serving a life sentence, occurred several weeks before the white authorities proclaimed the current state of emergency. Mr. Mandela was outfitted in a new three-piece suit and dress shoes provided by the authorities for the occasion — a meeting with a Commonwealth mission — instead of the prisoner’s garb he has worn since his conviction 22 years ago. The Government’s decision to allow the Commonwealth group to visit Mr. Mandela on its several missions to South Africa is the first tacit acknowledgment it has made of his political status and of the possibility of negotiations with him. Mr. Mandela, a leader of the outlawed and exiled African National Congress, has widespread support in South Africa’s segregated black townships and wields great influence despite his incarceration.
An Air Force plane crashed in California early today, and experts in military technology identified it as one of the military’s most secret weapons, a Stealth fighter designed to elude radar and other sensors. The Air Force would say only that a plane crashed in nighttime operations in Sequoia National Forest about 12 miles from Bakersfield, California, killing the pilot. The Air Force sealed off the crash site and the airspace near it as firefighters worked to contain an ensuing brush fire. While it usually provides prompt details about crashes involving its aircraft, the Air Force refused to make public any further information.
President Reagan’s advisers are considering whether to recommend that a high-level commission be established to find ways to curb drug abuse, White House officials said today. The measure is one of several proposals that will be reviewed at a meeting of the Domestic Policy Council tentatively scheduled for Tuesday, the officials said. Larry Speakes, the White House spokesman, said today that aides were also examining whether Mr. Reagan would deliver several speeches in an attempt to heighten public awareness of drug abuse.
President Reagan attends a reception for the Commission on Executive Exchange.
The President and First Lady watch the movie “The Awful Truth.”
Vice President Bush, saying that he was taking a “prudent first step” concerning a possible Presidential bid in 1988, today announced the formation of a new political fund to aid in the election of Republican delegates in precinct contests under way in Michigan. The fund, which will have a goal of raising $750,000 by Aug. 4, will be separate from Mr. Bush’s political action committee, the Fund for America’s Future, according to aides to Mr. Bush. They said the new fund would allow Mr. Bush to provide direct mail solicitations and other aid in behalf of delegates committed to the Vice President without violating the Federal election law.
With oil prices tumbling in the first half of the year, an important measure of inflation fell at the steepest rate since 1949, the Labor Department reported today. The collapse in oil prices was the “overwhelming” reason for the six-month drop, the department said in tabulating the Producer Price Index for Finished Goods, a gauge of goods before they reach consumers. The index fell at an annual rate of 6 ½ percent in the first six months of 1986, the biggest half-year decline since the year before the Korean War. Over the last 12 months, the drop was 1.7 percent.
Sixteen weeks after the trial began, the jury today began deliberating the charges of espionage and tax fraud against Jerry A. Whitworth. The jurors are faced with reaching a verdict on a 13-count indictment that accuses Mr. Whitworth of being involved in an espionage conspiracy on behalf of the Soviet Union that stretched from 1974, when the former Navy radioman is alleged to have been recruited as a spy by John A. Walker Jr., until May 1985, when Mr. Walker was arrested. The jurors, who began their deliberations with several major issues decided by concessions from the defense attorneys, went home for the weekend after four hours. They will resume Monday. The defense has conceded that Mr. Whitworth passed military data to Mr. Walker, who has confessed heading a Soviet spy ring, and received money from Mr. Walker on which he did not pay income taxes.
The heart of what the jury is left to decide involves Mr. Whitworth’s intent when he passed the Navy data to Mr. Walker. Because the indictment specifically states that Mr. Whitworth intended to aid the Soviet Union through the theft of classified Navy cryptographic data and coded messages, Federal District Judge John P. Vukasin Jr. told the jurors they must find that the defendant knew the materials were destined for that country if it is to find him guilty of espionage. With the cryptographic material, the Soviet Union could have decoded secret Navy messages from a variety of ships and land bases.
The American Medical Association charged today that a Justice Department decision permitting certain types of job discrimination against people with AIDS was legally incorrect and unjustified. In a legal brief filed with the Supreme Court, the association said that the department’s analysis of the civil rights of AIDS victims was “incorrect as a matter of law.” The brief was filed in a case that did not involve AIDS, but the medical association said the Court’s decision could set a precedent that would affect people with acquired immune deficiency syndrome.
The Justice Department and penal systems in three states agreed today to take custody of more than 500 of the 800 prisoners driven from their burned-out dormitories at Lorton, the city’s reformatory complex in suburban Fairfax County, Virginia. Virginia, Maryland and Delaware will take 211 of the prisoners displaced by the fiery riot, and 300 will be taken to Federal institutions. At the same time, the Federal law-enforcement authorities strongly criticized the District’s battered prison system. The leaders of a new Federal investigatory group said city officials had allowed inmates to get the upper hand at Lorton. They said the city police and correction officials would be excluded from a Federal program to obtain the conviction of the “ring leaders” of the riot and the participants, including non-inmates, in previous violent incidents involving smuggled drugs and weapons.
Federal officials investigating the derailment and explosions of a railroad tank car in Miamisburg, Ohio said today that a weld might have given way when it derailed, exposing the toxic contents. As the car continued to burn for a fourth day, about 300 residents waited to return to their homes. The tank car and its cargo of white phosphorus burned after the CSX Corporation freight train derailed Tuesday. The accident prompted as many as 40,000 people to flee, according to the Red Cross, the largest evacuation because of a train accident in the nation’s history. John Lauber, a member of the National Transportation Safety Board, said a break between the welded part and the tank car was large enough to admit enough oxygen to ignite the phosphorus. The authorities decided to let the fire continue after attempts to put it out failed.
For the first time in Los Angeles, a city historically devoted to perpetual growth, a major movement to curb development is growing among residents. After 100 years of rousing growth peaking in the 1880’s, 1900’s, 1920’s, 1940’s and 1960’s like ridges on the Santa Monica Mountains, Los Angeles is looking at its current development boom and ahead to the future. But this time some residents and officials do not like what they see. What they are objecting to is the growing number of large-scale office buildings and shopping centers being constructed in what had been mom-and-pop commercial areas adjacent to residential neighborhoods.
Leslie Van Houten, the youngest of Charles Manson’s followers, was denied parole today. The parole board cited the “heinous, atrocious” nature of the 1969 Sharon Tate-LaBianca killings in which she was convicted. Miss Van Houten, 36 years old, who is serving a life sentence, will have to wait a year for a new parole hearing. She told the board at a hearing today that she had come to realize that the killings hurt the country badly and she blamed herself for not preventing them. Announcing the decision after a six-hour hearing, Rudolph Castro, one of the three board members, said the savagery of the crime, “goes beyond description.” Miss Van Houten has admitted taking part as a teenager in the killings of Leon and Rosemary LaBianca, wealthy Los Angeles grocery owners, in their home, the night before the murders of the actress Sharon Tate and four other people. Miss Van Houten had spent eight years in prison before her conviction in 1978 at her third trial in the case.
The smaller of two striking municipal unions reached a tentative contract agreement with the city of Philadelphia today, but a settlement with the larger and more dominant union continued to elude negotiators. The tentative new two-year contract, which affects 2,500 white-collar city employees, was announced at 6 AM as the strike by nonuniformed municipal employees entered its 11th day. The white-collar workers are represented by District Council 47 of the American Federation of State, County and Municipal Employees. A vote on the contract is to be held over the weekend. But a settlement with a larger union representing 13,000 blue-collar workers, including sanitation workers, who have also been on strike, continued to elude negotiators.
William Morrissey, president of the Wire Service Guild for eight years, will resign to accept an executive position with United Press International, the union local has announced. Mr. Morrissey’s duties at U.P.I. have not been defined, but the news agency’s new owner, Mario Vazquez Rana, told the guild Thursday that Mr. Morrissey would not be involved in labor relations, according to a statement issued by the local.
A dangerous form of hepatitis is apparently infecting some recipients of blood transfusions. The evidence has become so compelling that the nation’s blood banks have decided to screen donated blood for the disease even though they lack a precise test. As a result, up to 5 percent of blood donations may be discarded in the coming year.
Mary Beth Whitehead christens surrogate Baby M, Sara.
Ingrid Kristiansen of Norway runs 10,000 m in a world record time of 30:13.74.
The National Football League agreed today to postpone increased mandatory testing of all players for the use of drugs until an arbitrator decides whether it has the right to act unilaterally on the matter. The union representing the league’s players had objected to the N.F.L.’s proposed action, announced Monday, on the ground that it involved a substantial change in the 1982 collective bargaining agreement, which has a year to run. The immediate result of the postponement was to ease the confrontation that had come about when Commissioner Pete Rozelle announced the antidrug program and the union objected. The league was hopeful that the plan would survive largely intact.
Major League Baseball:
Reggie Jackson hit two homers, his first since May 14, off Tom Seaver and the California Angels defeated the Boston Red Sox, 5–0, tonight behind the pitching of Kirk McCaskill. Jackson hit a towering shot into the right-field stands leading off the second inning for his eighth homer of the year and No. 538 of his career. Then, after the Angels made the score 2–0 on Wally Joyner’s single in the fifth, Jackson started the fifth by lining a 2–0 pitch into the bleachers beyond the Boston bullpen in right-center. It marked the 40th time in his 19-year career that Jackson has hit more than one homer in a game. Seaver (4–7) gave up 12 hits in six and two-thirds innings as he lost for the first time in three decisions since being acquired June 29 from the Chicago White Sox.
The Baltimore Orioles beat the Chicago White Sox, 4–2. Ken Dixon allowed five hits and struck out a career-high 13 in eight and two-thirds innings, and Cal Ripken drove in two runs with a homer and a single. The triumph was the fifth in the last six games for the Orioles. The White Sox suffered their third straight loss. Dixon struck out the side in the third and fifth innings and had six straight strikeouts in one stretch. He left after giving up his fifth hit with two outs in the ninth, and Don Aase gave up a run-scoring single to Jerry Hairston in the ninth before finishing up for his 23rd save. Ripken hit his 13th homer, in the second inning off Floyd Bannister (5–5), and he singled and drove in Lee Lacy, who had doubled, in the eighth.
The Indians downed the Rangers, 7–2. Andre Thornton drove in three runs to back Tom Candiotti’s eighth complete game. Candiotti (8–6) allowed eight hits, struck out four and walked four. All eight of his victories, including five straight, have been complete games. Cleveland won for the 10th time in 12 games and extended its home winning streak to seven games. Bobby Witt (4–8) was the loser in the fifth defeat for Texas in six games. Cleveland loaded the bases with none out in the second as Brook Jacoby and Brett Butler drew walks before Cory Snyder singled. Chris Bando’s sacrifice fly scored Jacoby and moved Butler to third before Tony Bernazard walked to reload the bases. Julio Franco then singled to center field, scoring Butler and Snyder for a 4–1 lead. Bernazard took third and Franco second when Oddibe McDowell’s throw went wide of third for an error. McDowell had played in 126 consecutive games without an error.
The Philadelphia Phillies defeated the Houston Astros, 4–1. Von Hayes hit a two-run home run, and Don Carman combined with two relievers on a five-hitter in his first major-league start. Carman (4–2) pitched five innings, gave up one hit, struck out three batters and walked one. Tom Hume went two innings, and Steve Bedrosian pitched the last two for his 11th save. The losing pitcher, Mike Scott (9–6), struck out nine batters to bring his major-league-leading total to 167.
The Royals and Tigers split a pair, with Kansas City taking the opener, 4–3. Steve Farr (6–1) wins in relief of Saberhagen. The Royals, winning their second straight game after an 11-game losing string, rallied from a 3–0 deficit. Steve Farr hurled two scoreless innings of relief for the victory, as Detroit’s slumping Walt Terrell dropped to 7–8. Terrell has won just once since May 25. The Tigers rebound in game 2 to win, 8–7, overcoming a grand slam by the Royals’ Jim Sundberg.
The Chicago Cubs topped the Los Angeles Dodgers, 6–3. Gary Matthews hit two homers and drove in four runs for the Cubs. Matthews hit a two-run homer in the sixth inning to provide a 4–0 lead. In the eighth, after the lead was cut to 4–3, he hit a bases-empty home run, his 10th of the season. Scott Sanderson (4–6) gave up a run in 5 and one-third innings. Lee Smith pitched the last two innings for his 14th save, striking out five. Cub pitchers struck out 11 overall.
The Seattle Mariners whipped the Milwaukee Brewers, 9–3. Danny Tartabull hit a two-run homer, Phil Bradley drove in three runs and John Moses had three hits, three stolen bases and an RBI as Seattle collected 14 hits against Milwaukee. Mike Morgan, 7–8, scattered seven hits and completed his fourth start after rain delayed the start of the game for 90 minutes.
The Yankees took another step forward behind their Kiddie Corps tonight as Doug Drabek became their third pitcher in the last nine games to gain his first major league victory. Drabek, one of four rookies in the Yankees’ youthful starting rotation, permitted one run and three hits before leaving in the seventh inning with a 3–1 lead. After he departed, Mike Pagliarulo, with two on, and Dan Pasqua, with one on, hit home runs that secured a 9–3 victory over the Minnesota Twins. The victory, which reduced Boston’s division lead over them to seven games, gave the Yankees a three-game winning streak for the first time in nearly a month, since they beat Baltimore June 12, 13 and 14. It also marked the first time they had won successive games against left-handed starting pitchers. They defeated Frank Viola, a New York product, Thursday night and overcame Neal Heaton, also a New York product, tonight despite his 10 strikeouts.
The Reds edged the Montreal Expos, 3–2. Bill Gullickson combined with John Franco on a six-hitter in his first appearance against his former Montreal teammates. Gullickson (6–6) gave up both runs — only one earned — over eight innings. He walked one batter and struck out five. Franco got the last three outs for his 14th save. The Reds, who have won nine of their last 12 games, had only five hits off Andy McGaffigan (5–4) and two relievers. They scored their runs on an error, a groundout and a walk.
Behind Sid Fernandez (12–2) and Gary Carter, who hits a 3-run homer and a grand slam, the Mets slam the Braves, 11–0. The Mets brutalized the Atlanta Braves last night in Shea Stadium, and a pair of virtuoso performances even stole the show from a brief brawl between the teams: Sid Fernandez, headed for his first All-Star Game next week, pitched a stunning two-hitter for his 12th victory of the season, his seventh straight winning start and his first shutout in 59 starts in three years in the big leagues. And, if all that were not enough, he also hit two singles and a double. But the heavy hitter of the night was Gary Carter, who hit a three-run home run in the first inning and a four-run home run in the second, both off a former teammate, David Palmer. He also triggered the team fight, which began after Carter had taken the customary curtain call and raised his fist in victory to the crowd of 39,924 in Shea Stadium. The next pitch from Palmer struck Darryl Strawberry in the back, and the dugouts emptied. “They act as though they won the seventh game of the World Series,” Palmer said later. “I told Keith Hernandez when we were scuffling around: I don’t mind if you hit 15 home runs, but don’t show me up.” It struck him on the back as he turned away and, without hesitating, he ran straight for the mound. As he approached, Palmer flung his glove at him, then ducked away as both teams streamed onto the field. Ozzie Virgil tackled Strawberry, and Danny Heep and the umpire, Jerry Crawford, held Palmer back. About two dozen players boiled into a huge pile near the mound. Order was restored in a few minutes, the umpires warned both pitchers and managers and the game was resumed. The Mets have a comfortable 11.5 game lead in the National League East.
The St. Louis Cardinals bested the San Diego Padres, 4–2. Danny Cox combined with Todd Worrell on a five-hitter and St. Louis scored two runs in the fourth inning on a two-out error by Steve Garvey as the Cardinals defeated San Diego. Garvey mishandled Ozzie Smith’s grounder with the bases loaded and the game tied 1–1 in the fourth, capping a three-run rally for the Cardinals. Cox, 3–7, gave up five hits in 7 ⅓ innings, earning his first victory since June 18. He had lost his last two starts.
The Pittsburgh Pirates downed the San Francisco Giants, 8–4. Mike Diaz’s two-run homer and Rafael Belliard’s two-run triple powered a five-run fifth inning that led Pittsburgh over Steve Carlton and the Giants. Carlton, 4–9, took the loss in his second start for the Giants. He was charged with five runs, three of them earned, in 4 ⅔ innings.
The Toronto Blue Jays edged the Oakland A’s, 6–5. A two-run homer by Damaso Garcia capped a four-run second inning for Toronto. Garcia’s homer, which just cleared the left-field foul pole, came on a 3–2 pitch by Jose Rijo (3–8). It was Garcia’s fifth straight hit in two nights. Joe Johnson, acquired last weekend from the Atlanta Braves for Doyle Alexander, started his first game for Toronto. He lasted into the fifth when he gave up one-out singles to Dwayne Murphy and Jose Canseco with the Blue Jays leading by 6–3. Mark Eichhorn (7–3) relieved and struck out Bruce Bochte and Dave Kingman to end the threat. Eichhorn gained the victory with last-inning relief from Tom Henke, who gained his 14th save.
California Angels 5, Boston Red Sox 0
Baltimore Orioles 4, Chicago White Sox 2
Texas Rangers 2, Cleveland Indians 7
Philadelphia Phillies 4, Houston Astros 1
Detroit Tigers 3, Kansas City Royals 4
Detroit Tigers 8, Kansas City Royals 7
Chicago Cubs 6, Los Angeles Dodgers 3
Seattle Mariners 9, Milwaukee Brewers 3
New York Yankees 9, Minnesota Twins 3
Cincinnati Reds 3, Montreal Expos 2
Atlanta Braves 0, New York Mets 11
St. Louis Cardinals 4, San Diego Padres 2
Pittsburgh Pirates 8, San Francisco Giants 4
Oakland Athletics 5, Toronto Blue Jays 6
Despite a reduction in the interest rates set by the Government and banks, stock prices were mostly lower yesterday as one of the worst weeks in Wall Street’s history came to an end. Late Thursday the Federal Reserve Board announced a cut in the rate it charges on loans to financial institutions to 6 percent, from 6 1/2 percent, and yesterday many major banks followed suit by cutting their prime lending rates by the same amount. Despite this move, which would ordinarily be viewed favorably by Wall Street, the Dow Jones industrial average declined 10.40 points yesterday, to 1,821.43. For the week the blue-chip index of 30 stocks lost 79.44 points.
Dow Jones Industrial Average: 1821.43 (-10.4)
Born:
B.J. Raji, NFL nose tackle and defensive end (NFL champions, Super Bowl 45-Packers, 2010; Pro Bowl, 2011; Green Bay Packers), in New York, New York.
Geoff Schwartz, NFL guard and tackle (Carolina Panthers, Minnesota Vikings, Kansas City Chiefs, New York Giants), in Los Angeles, California.
Bryan Augenstein, MLB pitcher (Arizona Diamondbacks, St. Louis Cardinals), in Sebastian, Florida.
Sharnee Zoll, WNBA guard (Minnesota Lynx, Chicago Sky), in Philadelphia, Pennsylvania.
Will Brill, American stage and screen actor (“The OA”, “Stereophonic”), in Menlo Park, California.
History Diaries 