Nation News Briefs on AT&T Antitrust Scrutiny
New York reports AT&T stock tumbled nearly 5.8 percent after word the Justice Department will pursue an antitrust examination. Copper prices rise as smelters order another 2 percent scrap increase to 28.34 cents per pound. Steel industry leaders, led by Roger M Blough, project continued production gains through the summer with minimal decline, while Chase Manhattan sees recovery.
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NEW York
UPI
American Telephone & Telegraph Co
New York Stock Exchange
Justice Department
Roger M. Blough
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Wives seek Cuba prisoner releases amid swap talks
Francis L. McCarth y reports two American wives, Mrs Drexel Gibson of Old Greenwich and Mrs Henry Macavoy of Miami, press Washington for action as their husbands held in Havana’s Cabana fortress since the April 17 invasion. Diplomats note 119 Americans remain detained with no Cuban confirmation, while discussions intensify on a tractors-for-prisoners exchange to resolve the crisis.
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UPI
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Y Guevara
Fisher Sermon Ends Canterbury Duties
London reports Archbishop Geoffrey Fisher preached his last public sermon at St Pauls Cathedral on Commonwealth Day to a crowd including Princess Margaret. He retires next week after 16 years as primate of all England and will be succeeded by Dr Arthur Michael Ramsey, the Archbishop of York, enthroned as the 100th Canterbury on June 27.
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London
UPD
Geoffrey Fisher
Canterbury
Fisher
St. Paul’s
Princess Margaret
Britain
All England
Arthur Michael Ramsay
York
Acceptance Company Increases Interest Rates
Philadelphia API Sears Roebuck Acceptance Corp raises the interest on three short term commercial paper maturities by 1 percent. New rates set at 3 days 1.54 percent, 4 to 14 days 1.00 percent, reflecting a tightened money market stance.
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Philadelphia
API
Sears Roebuck Acceptance Corp
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