Dow Drops Sharply Amid Broad Market Slump In New York
Stocks fell across most sectors as the Dow Jones average slipped 7.81 to 726.31 at noon. The AP 60-stock index dropped 2 to 241.6 with industrials down 4, rails off 0.7, and utilities down 0.9, while a few groups like steels and mail order retail showed mixed results.
MENTIONED IN THIS ARTICLE
New York
Associated Press
New York Stock Exchange
Boeing
Standard Oil New Jersey
IBM
University Computing
Eastman Kodak
American Stock Exchange
Deltona
Science Management
Amrep
Alamera Oil
Industrial
Rails Util
Transportation
Utility
Monan
Tee Neeee
Utilities Saal
New York Exchange Prices Highlight Market Movements
The New York Stock Exchange shows mixed activity as prices shift on key issues. Investors monitor early turnover and notable changes in blue chip and tech shares amid ongoing economic indicators.
Celia Targets Texas Coast as Refugees Flee and Officials Brace
As Celia nears the Texas coast north of Corpus Christi, evacuees seek safety in refuges and mobile homes face risk. Coast Guard planes warn island vacationers while 800 workers coordinate relief efforts under the Office of Emergency Preparedness. Winds drop from peak levels but 6 to 8 foot swells persist along the shore.
MENTIONED IN THIS ARTICLE
Corpus Christi
Bill Boman
Palacios
Bay City
Finger
Texas
Coast Guard
Finger Islands
H. D. Madeson
Wharton County
George Hastings
Office of Emergency Preparedness
Bayfront
C. C. Hagan
Galveston
Houston
Teaxs
Oklahoma
Ellington Air Force Base
Lockbourne Air Force Base
Ohio
Baytown
Texas City
Corpus
Armstrong Cork reports Q2 1970 sales up four percent
Armstrong Cork Co. posts estimated second quarter 1970 sales of 128.775 million, up four percent from the first quarter but nine percent below 1969’s second quarter. The company shows 6.535 million earnings (25 cents per share) from operations, with nine million 711 thousand (38 cents per share) from operations a year earlier. First-half sales total 252.575 million with 11.957 million earnings (46 cents per share) versus 294.539 million and 18.368 million (71 cents per share) in 1969. Directors declare 20 cent common dividend and 93.4 cent preferred dividend, payable Sept. 1 and Sept. 15 respectively, to record Aug. 12.
MENTIONED IN THIS ARTICLE
Lancaster
Armstrong Cork Co
James H. Binns
Packag
Armstrong
Armstrong Cork
McDonald's reports 35 percent earnings rise in 1970 Q2 and H1
McDonald's Corporation announces a 35 percent increase in earnings per share for the 1970 second quarter and first half ending June 30. Quarter earnings reach $5,526,126 or 48 cents per share on $150,128,393 in sales. First half earnings total $8,495,870 or 74 cents per share on $271,303,432 in sales.
MENTIONED IN THIS ARTICLE
McDonald’s Corporation
Burlington Yarn Co Names Puerto Rico Exclusive Agent
Burlington Yarn Co a division of Burlington Industries Inc and Economic Associates of Puerto Rico announced an exclusive representation agreement for Burlington spun yarns in Puerto Rico. Bruce D Hodges executive vice president said the move gives direct representation in the Puerto Rican knitting industry and improves service to customers. The spun yarns are used in double and single knits for outerwear and underwear markets.
MENTIONED IN THIS ARTICLE
Burlington Yarn Co
Burlington Industries,Inc
Economic Associates of
Puerto Rico
Burlington
Bruce D. Hodges
Burma Yarn
Levine Named VP of Planning Services for Furnishings Group
David Levine, director of business economics and research for U S Plywood Champion Papers, is appointed vice president of planning services for the corporation's furnishings group. He will direct current and long range plans for the Drexel U S Furniture operation and related units.
MENTIONED IN THIS ARTICLE
U.S. Plywood
New York
David Levine
Champion Papers, Inc
Levine
Drexel and
Moe Furniture
Irmingham Tal Iron Co
Sales Desk Co
West Indies ferry disaster leaves up to two hundred dead
A 75 foot Nevis St Kitts ferry crowded with hundreds of passengers sank after leaving Basseterre. Officials fear 175 to 200 dead with 88 survivors and 43 bodies recovered. Captain James Panteen believed entombed in 130 feet offshore. Coast Guard divers to inspect hull.
MENTIONED IN THIS ARTICLE
Nevis
West Indies
St. Kitts
Canada
England
U.S. Coast Guard
James Panteen
Coast Guard
Edrade Walwyn
Christena
Lee Moore
Sa Ge
Basseterre
Charlestown
British Use Electrified Armored Cars in Northern Ireland Riots
British troops deployed electrified armored cars to confront Roman Catholic demonstrators for a fourth night in Falls Road Belfast. Cars broke barricades, tore through barbed wire, and sparked after rioters fled as rubber bullets and tear gas were used. Two soldiers wounded, 20 arrests, and a funeral for Daniel O'Hagan looms. In London, 400 IRA protesters clashed with police, injuring a officer and leaving civilians hospitalized.
MENTIONED IN THIS ARTICLE
Belfast
Northern Ireland
Falls Road
Daniel O'Hagan
Irish Republican Army
London
Johnsons long time aide details Kennedy era and 1964 vice role
LBJ who served as secretary under Kennedy and remained a special aide after the 1963 assassination continued under Johnson until after the 1964 campaign. He notes Johnson opposed Hubert Humphrey as running mate and mocked the Minnesota senator privately. Johnson worried Robert Kennedy would push into the 1964 vice presidency, despite RFK privately planning a New York Senate run.
MENTIONED IN THIS ARTICLE
Kennedy
Johnson
Hubert H. Humphrey
Minnesota
Robert Kennedy
O’donnell
Senate
New York
Defendants Show Little Emotion In Tate Murder Trial
In the Sharon Tate murder case three Manson followers appear subdued in court while Linda Kasabian testifies. Susan Atkins Leslie Van Houten and Patricia Krenwinkel show few emotions as they sit in jail uniforms and watch Kasabian. The defense continues cross examining the witness as spectators fill the historic courtroom.
MENTIONED IN THIS ARTICLE
Los Angeles
Charles M. Manson
Sharon Tate
Linda Kasabian
Kasabian
Miss Tate
Susan Atkins
Leslie van Housten
Patricia Krenwinkel
Manson
Mouthwash Ad Advertising Is Scored By U S Regulators
The Food and Drug Administration ordered eight mouthwash makers to drop claims that their products kill bad breath cure sore throats or rid colds. The brands named include Johnson and Johnson Micrin Isodine Cepacol Betadine Sterisol Tyrolaris and others.
MENTIONED IN THIS ARTICLE
Washington
The
Food and Drug Administration
Johnson and Johnson
Lever Brothers
William S. Merrell Co
Warner Lambert Pharmaceutical Co
Purdue Frederick Co
Isodine Pharmaceutical Co
Karesnol Corp
Garle and Merck Co
Mansfield Confirms JFK Vietnam Withdrawal Claim
Senate Majority Leader Mike Mansfield confirms a Life magazine excerpt report that President John F. Kennedy planned a complete military withdrawal from Vietnam after the 1964 election. The claim appears in O'Donnell's unfinished book and is cited by the Washington Post.
MENTIONED IN THIS ARTICLE
Washington
Senate
Mike Mansfield
John F. Kennedy
Vietnam
Washington Post
Life Magazine
Kenneth P. O’donnell
Massachusetts
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Stock Market Report
David Burke
NEW York Exchange
Aia
Questor
Monson
Ralston
MtStaTeichCh
NatAirlin
M Copertn
Nat Bisc
Reyn Ind
ReynMet
CPC
RyderSys So Au Wu
Natlead
Safeway
Nat Tea
Lie
le StjoeMin
DanRivr
Natomas
Dart Ind
Delta Air
Scott Poper
SearsRare
Dresind
Nwst Aird
reduPont
SignalCo
NortSim
Scar EG
East Air Line7
Onloedis
Whee South Co
EasKodak la 430
Okla GE
EatonYa
Seene Echiin Mf
Corp
Fair Hill
Fansteel Inc
Lpann
Firesine
Penn Cent
PennDix
Swift Co
PaPwlt
Tampa
FedFair Wa
FordMet
Perfect Film
Teledyn
FormMcKs
Tenneco
Wewes FreptSulz
FruenCp
Philafen
Texe
Phi— Hilip
Phill Pet
GAC Cp
Vel Pitney Bw
Texpla
Gam Sko
GAF Corp
Timken
Ad Mills
TRW Inc
Gen Tire
Gilete
Glen Alden UN
Aleg Pw
Global Marin Rich
AliedCh
UN Pac Cp
GraceCo
UnionPacif
Alis Chaim
Granitec Sti
Alcoa
UnitAire
AMBAC
Gt A&p
Alrtin
Gt West Finn
GreenGat
AmCyan
Wachova
T&t
AMF Inc
Ma MP Inc
Houstlp 1A
Ampex Corpa
idahoPw
Woolwich
Atlas Chem
Miner
My Atlas Corp
ZaleCorp
AvcoCp Ile
Mme
Avnet Inc
Iilsai Lowa
Boeing Co
Kaiser al
Katy Ind
Kopers
Bucyer
Kraftco
Bud Co
Kresge
Kroger
Ramo
Lear Sieg
Val Ind
Lockheed Air
CastieCk
O's
LVO Corp
Cent
Cerro
Cessnsa Bb
Avox
VO Mparatha
A.P
NEW York Stock Index
Dow-Jones
AO Industre
Arklgas
Asamera Oi
AtlasCorp
Barnes Eng Brascan Ltd
Chile
Dillard
Dixilyn Corp Feotr
M& Med
Equity Co
Feirmont Oil
Frier Air
McCrrywi
Midweil
Newldria Mn
NewPark Mn
Statham
Syntex
Technico
Rte
the Associates Press
Ales
Ing
Armstrong Report
McDonald’s
Sai Diana Williams
Phillip Miller
Pompano Beach
Fla
Cariban
Mansfield
JFK
Wachovia
Feders Deposit Insurance Corporation
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