Investors With Cash on Sidelines Waiting for Market To Bottom
NEW YORK AP Investors with cash on the sidelines await a bottom as stocks slide to a 1969 low. The Dow fell to 847.79 from 958 in May, a two month loss near 12 percent. Analysts cite high rates, tax doubts, and war concerns while some expect a bottom in two to three months before a new bull run.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Vietnam
Middle East
Southern Bell Telephone
Marold Dorsey
Argus Research Corp
American Telephone
Bethlehem Steel
du Pont
General Electric
General Foods
General Motors
Jersey Standard
United Aircraft
Woolworth
Coalitions Proposed to Replace Parties by Nobel Laureate
Nobel laureate George Wald urged scrapping the Republican and Democratic parties in favor of two new groups Liberal and Conservative. He testified before the Democratic Party commission in Boston arguing for broad policy coalitions across international and domestic issues. Other witnesses urged reforms to voting and electoral systems including nationwide voter registration direct presidential elections and a federal presidential primary. The McGovern Commission was formed after Chicago's 1968 convention to study ways to make parties more responsive.
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Boston
George Waid
Waid
Harvard University
New England
Congress
Ward
Vermont
Philip J. Hoff
Hoff
Claiborne Pell
D-R.i
McGovern
George McGovern
D-S.c
Chicago
Tauro Blasts US System of Justice
Massachusetts Chief Justice G Joseph Tauro condemned the underfunded overcrowded trial courts and a weakened judiciary at the International Association of Insurance Counsel convention He urged legislative action to upgrade the system and called for better training and support for trial lawyers to improve justice quality and public respect.
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Los Angeles
Massachusetts Superior Court
G. Joseph Tauro
International Association of Insurance Counsel
Birch Society Claims Key Role in Yor t y Win
Belmont AP report says Joan Birch Sovieta claims decisive Birch Society role in Los Angeles Mayor Samuel W. Yor ty reelection, praising precinct work by policemen, firemen, and members as pivotal. The piece notes the society also cites its influence in New York City civilian police review board defeat.
MENTIONED IN THIS ARTICLE
Yorty
Birch Society
Belmont
Mass
Joan Birch Sovieta
Los Angeles
Samuel W. Yorty
Harding
Society
Robert Welch
John Birch Society
Thomas Bradley
John V. Lindsay
New York City
Soviets Call for $44 Million Tourists Facilities Plan
Moscow ap report states the Communist Party condemned current facilities as wholly inadequate and urged a 40 million ruble investment to improve tourism for Soviet citizens. The Central Committee resolution orders massive development of hotels motels camping grounds and services and plans to add 200000 more capacity for 1971 to 1973 with half open year round.
MENTIONED IN THIS ARTICLE
Moscow
The
Communist Party
Soviet Union
Soviet Trade Union Organization
Mos
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