Stock Prices Jump as Market Posts Broad Gains
New York stock trading sees a sharp advance led by strong breadth with the Dow Jones Industrial Average up 7.59 at noon to 605.13 as NYSE issues outpace decliners 803 to 389. Volume nears 1,670 issues traded while key names such as Champion Home Builders and Hospital Corp of America post gains and Du Pont and Xerox show modest advances amid a mix of blocks and higher activity.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
American Stock Exchange
Champion Home Builders
NYSE
Hospital Corp. of America
CPC International
Masonite
Fannie Mae
Avon
U.S. Steel
Ford
du Pont
Allied Chemical
ASA, Ltd
Xerox
Burroughs
McDonalds
Bauch & Lamb
NEW York Stock Index
Indy
Industrial
Transportation
Utility
Dow-Jones
Grace Rails
Butz Worried By Livestock Farming Drop
Earl Butz secretary of agriculture warns that farmers shifting from livestock to grain profits threaten farming balance. In an interview with the Des Moines Register he urged keeping cattle on farms and not selling to feedlots.
MENTIONED IN THIS ARTICLE
Des Moines, Iowa
Earl Butz
The
Des Moines Register
Butz
Economic indicators show housing slowdown and price rollbacks
The article reports a drop in housing activity with fewer new building permits and housing starts at an eight year low. The Federal Energy Administration secured price rollbacks totaling about 77 million from 15 oil companies and wiped 375 million in costs, potentially lowering consumer prices. Pan American pilots accept an 11 percent pay cut starting February 1, offsetting a 9 percent raise due January 1. Sugar prices in New York fall up to 20 percent, but retailers elsewhere may not follow due to higher initial prices.
MENTIONED IN THIS ARTICLE
Federal Energy Administration
FEA
Pan American World Airlines
Pan Am
New York
Parkinson Reassured Burglars In Watergate Probe
Washington report shows Kenneth W. Parkinson testifying in the Watergate cover-up trial. He said he relayed assurances that any commitments to burglars would be honored while denying knowledge of cash payments to keep silence about higher ups. He recounted meetings with John W. Dean III and William Bittman and recalled Magruder and Mitchell discussing the break in.
MENTIONED IN THIS ARTICLE
Dean
Watergate
E. Howard Hunt
Parkinson
William @. Bittman
Bittman
Hunt
White House
Nixon
Robert C. Mardian
Arizona
Barry Goldwater
Paul J. Fannin
Irv Noren
Joe DiMaggio
New York Yankees
Supreme Courts of
California
James Farmer
The
Congress of
Opponents Push Final Effort to Block New River Project
Backers of a bill to halt a 70 mile New River dam project plan a last House vote strategy to suspend rules and force a two thirds tally. The measure would block a 50 year license for Appalachian Power Co. and study wild and scenic river status, amid Virginia North Carolina dispute and environmental lobbying.
MENTIONED IN THIS ARTICLE
Roy G. Taylor
Dn.c
House
Taylor
Mittee
Carl Albert
Virginia
North Carolina
Federal Power Commission
Appalachian Power Co
Congress
Interior Department
Senate
Nursing Home Funding Sparks State Aid Protest
William H. Crittenden president of ANHA and GreenVille nursing home owner argues federal and state controls set payment levels and undermine care. He cites Medicaid bed occupancy and cites a Senate subcommittee report calling care inspection a national farce while disputing the substandard rate and abuse claims.
MENTIONED IN THIS ARTICLE
Greenville
8. C
American Nursing Home Association
ANHA
Wilem H. Crittenden
United States
Crittenden
Senate
Washington
Nursing Home Health and Safety Inspection
Sextuplets Couple Battle For Surviving Child
In San Jose California a 31 year old father and her husband Alvin Lange watched as Jolene Rene first born of sextuplets shows signs of life at Valley Medical Center. The other five siblings died from hyaline membrane disease and post-natal complications with Jolene weighing just over two pounds and still on a respirator. Doctors say being born first and early lung maturity may aid her recovery though weight gain is expected to be slow. The infant is fed donor milk via a nasogastric tube and monitored as she stabilizes.
MENTIONED IN THIS ARTICLE
San Jose
Calif
Charlotte Lange
Jolene Rene
Alvin
Valley Medical Center
Jason
Brian
Lange
James Harrod
Harrod
Kennedy pressures steel firms force price rollback
President Kennedy publicly pressed the steel industry and privately appealed to prevent price boosts. Inland Steel led smaller producers in resisting raises, prompting larger mills like U S Steel to rescind increases. A Ford council cited no authority to order a rollback, while hearings were possible.
MENTIONED IN THIS ARTICLE
Kennedy
Inland Steel
U.S. Steel
Nelsen
U.S
Ford
Council
Nessen
Ford Motor Co
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