Market Rally Tops Six Month High on Strong Volume
The New York market surged with the Dow up 13.47 to 860.35 in the biggest gain in nearly six months as investors piled in on hopes of Vietnam war détente and a cooling economy. The 60-stock average rose 2.9 to 299.1 amid 1,620 issues trading. Chrysler climbed to 27.25, Natomas reached 80, Boeing dipped to 32.50, General Instruments fell to 33.50, and Atlantic Richfield gained to 95 on heavy volume of 19.32 million shares.
MENTIONED IN THIS ARTICLE
NEW York
Associated Press
New York Stock Exchange
Chrysler
Natomas
Boeing
General Instruments
Atlantic Richfield
Apollo 11 astronauts visit Congo on Mobutu invitation
Apollo 11 astronauts arrived in Kinshasa at Mobutu's invitation after their moon mission. They traveled from Turkey and planned a state visit to the Congo leader.
MENTIONED IN THIS ARTICLE
Kinshasa
the Congo
Turkey
Joseph D. Mobutu
Congo
British Ship Loch Loyal in Fire Southwest of Azores
The Royal Mail Line cargo and passenger ship Loch Loyal, 8476 tons, was on fire 350 miles southwest of the Azores. The crew and ten passengers abandoned in lifeboats and were being rescued by the German ship Thuringia. A spokesman said no casualties were indicated and about a dozen crew remained aboard as the vessel streamed from Britain to the Panama Canal and the U.S. West Coast.
MENTIONED IN THIS ARTICLE
London
Royal Mail Line
Azores
Line
Thuringia
Britain
Panama Canal
American
Nixon to unveil 300 ship merchant fleet expansion plan
President Nixon will propose a 10 year program to build 300 new ships doubling U S cargo capacity under the American flag. Rep Thomas M Pelly says the plan calls for 30 ships per year with a $4 billion industry investment and $1 2 billion in new shipyard facilities while predicting a $2 billion balance of payments impact over the decade. Obsolescence could halve the fleet by 1974 prompting quick approval.
MENTIONED IN THIS ARTICLE
Seattle
Nixon
Thomas M. Pelly
R-Wash
Pelly
House Merchant Marine and Fisheries Committee
Washington, D.C
Congress
U.S
Nuclear test report shows minor effects on Amchitka wildlife
The Atomic Energy Commission said the Amchitka Island underground blast on October 2 caused no radioactivity above background levels and produced only minor effects on wildlife. The test, equivalent to over 1 million tons of TNT, did not trigger earthquakes or tidal waves.
MENTIONED IN THIS ARTICLE
Washington
The
Atomic Energy Commission
Amchita Island
Aleutian
AEC
FHA Ends Financing for Golf Courses as backlog is settled
The Farmers Home Administration will stop financing golf courses after clearing loan backlogs. A private Mississippi club, Natchez Trace Golf Club, INC., faced final approval delays amid civil rights concerns. FHA administrator James V. Smith said the program will be phased out, having funded about 500 courses in seven years.
MENTIONED IN THIS ARTICLE
Washington
Farmers Home Administration
Mississippi
James V. Smith
FHA
Agriculture Department
Natchez Trace
Navy Pulls Back Vietnam Troops to San Diego
A six ship task force carrying 3,702 Marines from the 3rd Marine Regiment heads home to San Diego from Vietnam. The Iwo Jima, Bexar, and three dock landing ships bring the bulk of troops. the Bon Homme Richard carrier returns with a 3,500 man crew. Debarkation marks San Diego’s largest veteran repatriation since Korea.
MENTIONED IN THIS ARTICLE
San Diego
Calif
Navy
Vietnam
3Rd Marine Regiment
Nixon
Pacific Fleet Amphibious Force Headquarters
San Diego Naval Station
Iwo Jima
Bexar
Bon Homme Richard
Buck
Wiltsie, Perkins
John W. Thomason
Brandt’s New Government Moves to Staff 15 Ministries
Bonn Germany AP West Germany’s coalition under Chancellor Willy Brandt was sworn in and began assigning parliamentary secretaries to each Cabinet minister. Informed sources say a major decision on currency revaluation could come after Friday’s cabinet meeting with markets closed. The Brandt cabinet also announced top officials as it replaces Kiesinger’s Christian Democratic government.
MENTIONED IN THIS ARTICLE
Bonn
Germany
West Germany
Willy Brandt
Brandt
Social Democrats
Free Democrats
Mark
Christian the Brandt
Kurt Georg Kies
Growth Pressure on Aiken County Land Sparks Housing Questions
As Aiken County industrializes and grows, planners and developers face housing and infrastructure challenges. Urban expansion raises land prices, with city lots costing 5 000 to 6 000 and rural land jumping from 40 per acre to hundreds. The shift toward cluster housing and redevelopment slows outward growth while new industry and facilities trigger mini booms.
MENTIONED IN THIS ARTICLE
Aiken
Perjury and cover-up claims in Army graft probe
Sen. Abraham Ribicoff closed a Senate inquiry into retired Maj. Gen. Carl C. Turner amid claims of perjury and a cover-up. He urged Justice Department action over Turner’s handling of 536 guns and alleged sale of 22 weapons, while warning of an Army-wide effort to shield Sgt. Maj. William Wooldridge. The transcript will be sent to the Army. more witnesses testified as Turner denied blocking investigations.
MENTIONED IN THIS ARTICLE
Washington
Abraham Ribicoff
D-Conn
Senate
Carl C. Turner
Army
Ribicoff
Justice Department
Turner
Chicago
Kansas City
Germany
United States
Vietnam
William 0 Wooldridge
Wooldridge
Harold K. Johnson
Ft. Benning
Lebanese Leader Rashid Karami Resigns Amid Crisis
Prime Minister Rashid Karami resigns after clashes between the Lebanese army and Palestinian guerrillas. The turmoil triggers protests in Beirut and Baghdad while regional powers react with aid offers and border moves. Karami cites lack of say and disagreement with policy as reasons for stepping down.
MENTIONED IN THIS ARTICLE
Rashid Karami
Clashes Yield 72 Enemy Kills In Central Highlands And Tay Ninh
Saigon reports describe renewed fighting across the central highlands and Tay Ninh with U.S. and government forces tallying 75 enemy dead in several separate engagements. The 4th Division and 25th Infantry led assaults producing heavy losses for North Vietnamese and Viet Cong while U.S. casualties totaled two killed and four wounded.
MENTIONED IN THIS ARTICLE
Saigon
Central Highlands
Tay Ninh City
U. S
U.S. 4Th Infantry Division
Highlands
U.S. 25Th Infantry Division
4Th Division
Pleiku
Gale Warnings Up In Florida Weather Edges Toward Florida Bay
Gale warnings and a hurricane watch stretch from Fort Myers to Key West as Hurricane Laurie moves southeastward across the Gulf of Mexico toward Florida. Laurie, about 265 miles north-northwest of Key West, headwinds reach 85 mph with 10 mph motion, prompting coastal advisories and vigil along the lowA west coast Keys and Florida Bay. Dr. Robert Simpson of the National Hurricane Center warns the storm is diminishing but could re intensify and possibly turn east to enter Florida Bay late Thursday evening.
MENTIONED IN THIS ARTICLE
Miami
Fla
Fort Myers
Key West
Laurie
Gulf of Mexico
Keys
Florida Bay
Robert Simpson
Simpson
National Hurricane Center
Florida
Retail Group Meets at Aiken Air Force Base
Aiken Downtown Retail Merchants Association held a luncheon at Aiken Air Force Base. Frank Mills president announced forthcoming promotions and named a nominating committee of R. L. Morton C. T. Coleman and Phil Hydrick to present a slate of officers for the next year.
MENTIONED IN THIS ARTICLE
Aiken
Pentagon opposes unilateral Vietnam cease fire
A defense official says the Pentagon blocks a unilateral U S cease fire in Vietnam without assurances the enemy would halt shooting. The official noted President Nixon’s upcoming address and stressed the protective reaction tactic differs from a cease fire while denying new troop withdrawal plans. Gen Westmoreland also opposes a unilateral halt.
MENTIONED IN THIS ARTICLE
Washington
Pentagon
Vietnam
United States
Nixon
William C. Westmoreland
Army
Greenwood, S.C
Also Mentioned on This Page
Sun Bay
Aiken County
Aiken’s
Rhonda Powell
L. C. Greene
L. S. Nicolean
861St
F. R. Reichart
Sgt. L. Benton
United Fund
Lee Metcalf
Dmont
24Th
Augsburg
Provost Marshal
Benning
John
Iraq
Syria
Lebanon
Libya
Beirut
Baghdad
Amman
Karami
Mang Yang Pass
Highway 19
An Khe
Retail Group
Aiken Air Force Base
Mike Mansfield
Montana
Secretary of Defense
Melvin R. Laird
South Vietnam
Laos
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