Market Rebound Edges Up After Eisenhower Day
The AP reports a subdued trading session as markets closed in honor of Eisenhower. The Dow Jones average of 60 stocks rose about 0.2 points at noon with utilities higher and several big blocks changing hands led by American Telephone and Telegraph up 1 1/2 and General Electric down about 1/2.
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American Telephone& Telegraph
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NYSE Stock Prices and Market Close Details
NYSE noon prices show mixed gains and losses across sectors led by major industrials. The report notes presidential coverage and memory of Eisenhower amid market moves while listing notable quotes and interdealer activity.
MOL program changes cast doubt on 1972 manned orbit plan
The MOL orbit project faces delays with no manned flight by late last year, now likely in early 1972. Officials propose a 20,000 civilian personnel cut to save about 70 million, and a modest stretch out of AWACS air defense modernization costing roughly 3157 million. A cathedral service mourns a two year old and notes a presidential lineage, with a religious tribute.
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Laird
Manned Orbiting Laboratory
AWACS
$10 000 Still Is Destroyed In Ray Battle Case
Ray Warre nton NC AP reports a $10 000 still was destroyed early Monday near Wise. Sheriff Day said the 700 gallon still tied to a new trial for Battle was found in a former brick home in Haw Tree township. Prosecution said Battle’s body was found in his chambers by James Beasley and investigators noted lights on in the jail area. An autopsy attributed Battle’s death to a heart attack.
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Veteran craftsman Ed Chapman led Victorian Furniture firm
Ed Chapman, key figure at Furniture Manufacturing Co, helped build Victorian Furniture and served as general courier of the firm for 21 years. He and a partner returned from retirement to join Carlton, continuing their industry impact in the postwar period.
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Ee Victorian Furniture
General Cuerissabert
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Jackson Named Division Personnel Manager at Burlington House
Edwin Jackson, longtime division personnel director for Hess Goldsmith fiberglass, is appointed division personnel manager for Pioneer Williamsburg and Burlington House Finishing plants within Burlington House division. He succeeds Steve Helms, reassigned to Consumer Products division with offices in Reidsville.
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Nixon Meets Ky Nixon and World Leaders at White House
Talks at the White House with Ky Nixon and allied leaders including Ferdinand Marcos of the Philippines, Mariano Ruphrau, John Gorton, Habib Bourguiba, Joseph Lang, and Nobusuke Kishi followed a formal reception for the Eisenhower funeral. Conversations appeared social with most attendees.
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Eisenhower Under Observation Before Brother’s Funeral
Milton Eisenhower, 68, remained under medical observation at Walter Reed Army Medical Center after reporting dizziness and fatigue. He traveled from Baltimore to Abilene, Kansas, for the funeral of Dwight D. Eisenhower, and doctors described the hospitalization as precautionary.
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Red China Congress Opens in Peking with Mao Leader Nod
In Beijing the Chinese Communist Party Congress began its first session since 1956 with Mao Zedong presiding on the platform. Lin Biao named as Mao’s successor appears in the new constitution drafts, as Premier Chou En-lai and other officials participate amid a slowed purge-era turmoil. The ninth congress follows years of postponements tied to Mao’s 1966 purge ambits and Liu Shao-chi’s ouster.
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Contempt charge answered in Detroit protest case
Prosecutor William Cahalan answered a contempt of court charge as about 100 Detroit policemen picketed outside police headquarters. The hearing related to the mass release after a shooting at a Negro church, where one police officer died. Judge George Crockett freed most detainees on bond, but questioned Cahalan’s actions as racially charged and warned of contempt charges to those lacking legal representation.
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Ford targets Volkswagen with Maverick promotional push
CAREFREE Ariz AP Ford Motor Co promotes its new Maverick subcompact aimed at drawing buyers from VW. The Maverick due April 17 is longer and pricier than VW models, with a six cylinder engine claimed to reach 22.5 mpg versus VW 26 mpg. Ford plans to emphasize roomier, more luxurious features and economy to grab a share of roughly 4 million U.S. compact car sales last year.
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