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The stock market rose on hopes for an early Nixon impeachment resolution. Dow Jones 20 industrials up 10.33 to 784.11, with gain momentum since week start. Boeing led NYSE volume, block at 18, Marcor up 3 to 27, IBM up 1 to 210, Amex Westrans up 1/2 to 14.
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New York Stock Exchange Noon Prices Report
New York listed prices reflect selections from the Exchange with many tickers shown, including Ampex, Allied Chemical, American Motors, and other major actors. The list includes bid, ask, last sale, and change figures, noting industry names and prices across various sectors.
Daredevil Philippe Petit walks tightrope between World Trade Center towers
A 24 year old French daredevil walked a seven eighths inch diameter cable for thirty minutes between the World Trade Center’s twin 110 story towers. Petit said he juggled when seeing oranges and walked when spotting the towers. Police detained him for examination after the stunt. The rooftops are 1350 feet high and 90 feet apart. Petit's feat nearly doubled the prior high wire record.
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Senators weigh Nixon fate and delegation options
House leaders debate pursuing impeachment even if Nixon resigns and whether a delegation can deliver views. GOP leaders argue over timing and potential impact while voices from Goldwater to Scott shape the party stance.
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House
Carl Albert
Albert
House Judiciary Committee
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Nixon
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Cotton
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Rn.y
GOP
Ford foes say Ford ready to assume presidency
The Free Press reports aides say Ford is preparing to assume the presidency by addressing inflation and economic problems. He understands what must be done and will act quickly to restore public confidence, contrasted with past transitions. Key aides include Hartmann Laird Marsh Seidman and Buchen. Ford keeps in touch with Kissinger and Pentagon policymakers.
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Free Press
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Robert T. Hartmann
Defense
Melvin R. Laird
John Marsh
L. William Seidman
Grand Rapids
Philip Buchen
The
Henry A. Kissinger
Pentagon
Worker Killed By Cave-In In Charlotte Housing Site
A sewage pipe worker died when a 12-foot trench collapsed Tuesday at a Charlotte suburban housing development. The victim was 58 year old Grover Welch of Charlotte. The cave-in halted work at the site and prompted safety checks.
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Charlotte
Grover Welch
Explosion Bomb Fatal To 2 Injures 36 At L A International
Authorities probe debris at Los Angeles International Airport after a blast in Pan Am wall sockers killed two, including skycap Harper Glass and Pan Am worker Leonard Hsu, injuring 36 with one man losing a leg. FBI notes no motive yet and security tightens as flights are disrupted.
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Nixon impeachment debate reshapes schedule for August
Party leaders and lawmakers clash over how quickly to move on impeachment as concerns about Nixon rise. Some back immunity discussions, others oppose, while market indicators show volatility and the dollar strengthens on discussions of resignation.
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Rmich
Public Jobs Program Proposed by Burns to Cut Unemployment
Federal Reserve Chairman Arthur Burns urged a public service jobs program for up to 800,000 workers to curb rising unemployment. He said launch if jobless rate reaches 6 percent, with a projected cost of about 4 billion dollars. Burns pressed stronger antitrust enforcement and a more powerful inflation monitor, predicting two years to unwind current inflation.
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