Stock Market Gains Narrowly On Bargain Buying Rally
Prices rose across the market with the Dow up 3.44 to 808.20 as bargain hunting and short covering supported the advance. Banks rallied after Fed remarks, Citicorp, Chase Manhattan, and J P Morgan all edged higher amid broad gains and a NYSE composite up to 45.08. Riley Co fell 1% after a 1.2 million quarterly loss tied to an Oklahoma plant strike.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Dana Corp
American Stock Exchange
Arthur F. Burns
Federal Reserve Board
Fed
New York City
Citicorp
Chase Manhattan
J. P. Morgan
Abel
NYSE
Riley Co
Amex
Oklahoma
New York Stock Exchange Noon Prices Snapshot
The NYSE noon prices list wide range of stocks with figures for many names such as AMBAC, Boeing, Pfizer, Exxon, and Gillette. Investors monitor changes with columns showing last price and percentage changes, while notes discuss dividend and corporate actions.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Uae
Apesco Corp
Bhp Armegi
Asdorg
AtlasCorp
AycoCorp
Babckwid
Balgelm
Tate
Moe
BucyErie
Rere Bulova W
Burlindi
Castick
CBSA
Albert Confers With Bijedic At Kupari Talks
A U S congressional delegation led by Speaker Carl Albert met with Prime Minister Dzemal Bijedic at Kupari near Dubrovnik. Also present were Janko Smole of the federal executive council and Boris Sayders, head of the Council for Economic Relations with Foreign Countries.
MENTIONED IN THIS ARTICLE
Dubrovnik
Yugoslavia
Carl Albert
Dzemal Bijedic
Kupari
Here
Janko Smole
Federal Executive Council
Boris Sayders
Council For Economic Relations With
Authorities Confiscate Marijuana in Savannah Seizure
Customs agents watched as a 63 foot shrimp boat Hazel B brought 18 tons of marijuana and nine vehicles to shore near Sapelo Sound. Twenty two men were arrested on smuggling charges with a street value of about 10 million dollars. The haul originated from Colombia and the boat was tied to Savannah owner William Destler.
MENTIONED IN THIS ARTICLE
Savannah
Hazel B
Bahamas
Hazel
Sapelo Sound
Charles Perkins
U.S. Customs Service
Ira Morris
Perkins
Colombia
United States
Morris
Caribbean Sea
William Destler
William L. Destler Jr
Kopechnes say Kennedy received bad advice
Gwen Kopechne says Kennedy got poor advice after Mary Jo Kopechne's death and could not tell the truth. The Kopechnes, in New Times, say Mary Jo was likely asleep in the back seat when the Kennedy car went off the Chappaquiddick bridge on July 18, 1969.
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Washington
Gwen Kopechne
Edward M. Kennedy
Kennedy
Kopechne
New Times
Massachusetts Democrat
Kopechnes
Mary Jo
Chappaquiddick Island
Robert
Martha’s Vineyard
Mass
Mary
Burns forecasts grain sale impact on food costs
Federal Reserve Chairman Arthur Burns told CBS that grain sales to the Soviet Union could lift consumer food prices by about 2 percent. He said this would be higher than the Agriculture Department's 1.42 percent forecast and urged export controls as a remedy, while warning such controls could bring long term problems. He also predicted a 2 to 2.5 cent rise per gallon in gasoline if oil price controls end, and cited deficits as fueling inflation and higher interest rates.
MENTIONED IN THIS ARTICLE
Soviet Union
CBS
Burns
Agriculture’ Department
Gio Af
Ford
Gomes Says He Will Oust Goncalves In Portugal Crisis
In Lisbon AP reporting, President Francisco da Costa Gomes plans to dismiss pro Communist premier Gen Vasco Goncalves and replace him with moderate military men. Sources say the president hopes Goncalves resigns. others threaten forceful removal. Army loyalists back Goncalves as anti-Goncalves units mobilize near Lisbon with show of strength and mobilization threats. Civilian demonstrations grow as power struggle intensifies.
MENTIONED IN THIS ARTICLE
Lisbon
Portugal
Francisco da Costa Gomes
Vasco Goncalves
Goncalves
The
Communist Party
Ford outlines tax changes and deregulation push for capital growth
Ford argues for credit and tax exemptions on preferred stock dividends to curb double taxation, urging expansion of capital to create jobs with potential investment up to 4 trillion dollars. He decries heavy government regulation, pledging to reduce paperwork, cut big government, and uphold anti trust policies to sustain competitive markets. He spoke during a stopover before returning to Washington.
MENTIONED IN THIS ARTICLE
Ford
Congress
Washington
Southern Republicans doubt Rockefeller VP bid
Moderate among Southern Republicans decide not to back Rockefeller for vice president citing age. Holfhouser and Reed stress 1980 focus and philosophy, while Jim Boyce suggests Connally or Baker as alternatives. Callaway notes longstanding Southern opposition. Rockefeller to campaign in the South with stops in Mobile and Columbia, S.C.
MENTIONED IN THIS ARTICLE
Rockefeller
Holfhouser
Ford
Reed
Jim Boyce
Louisiana
Treasury
John B. Connally
Howard Baker
R-Teti
Callaway
South
Mobile
Columbia
S.C
Fiat magnate's sister elected mayor in Italian town
In Porto San Stefano Italy Susanne Agnelli sister of Gianni Agnelli was elected mayor. The fishing and yachting town council selected the independent candidate noted to be a prize-winning author. The report emphasizes her relation to the Fiat magnate and her new municipal role.
MENTIONED IN THIS ARTICLE
Porto San Stefano
Italy
Rome
Susanne Agnelli
Fiat Automobile
Gianni Agnelli
Agnelli
Tea Tre Cae
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