Dow Jones drops after rally fades amid bank rate doubt
The Dow Jones industrial average fell 8.31 to 751.97 at noon after an earlier late-day surge. Analysts cited fading hopes that Lincoln National Bank of Philadelphia would trigger further rate cuts by major banks, with declines leading across sectors including steels motors and oils.
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Eee
Forecast North Carolina South Carolina Virginia and Georgia
A regional forecast notes fair and cold tonight with gusty winds easing and a warmer Friday for North Carolina South Carolina Virginia and Georgia. It calls for varying cloudiness Friday, lows mostly in the 20s, highs in the 40s to 50s, and a chance of mountain snow flurries Saturday with rain Sunday then a transition back to snow flurries in North Carolina mountains.
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MacDonald Released From Fort Bragg Hospital
Captain Jeffrey MacDonald, survivor of a triple slaying at his home, was released from Womack Army Hospital and will return to duty in preventative medicine with the 6th Special Forces Group. He remains a witness in the investigation into the killings of his wife Colette and two daughters.
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Svetlana Demands French Release Halt For Book Translation
Svetlana Alliluyeva Joseph Stalin’s daughter asks French publishers to withdraw the translation of Only One Year alleging distortion of her text Key sections about her defecting to the United States were omitted and critical passages about the Soviet regime diluted Her attorney Alan A Schwartz says a new translation will be produced after revising the current edition The initial print run was 45000 copies and is nearly sold out.
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What Are Hanoi's Aims In Laos
AP Special Correspondent William L. Ryan analyzes Hanoi's Laos strategy. North Vietnam fields about 35 000 combat troops and 15 000 support forces to shield the Ho Chi Minh trail while pressing toward quieting Prince Souvanna Phouma. The Laos war centers on terrain and positions, not mass casualties, as Hanoi seeks leverage with Washington and Moscow over Laos’s fate.
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Bank Fire Sparks Violent Protest in California
Demonstrators clash with deputies in a three day disturbance as a bank blaze follows the overturning and burning of a patrol car. Firefighters were kept back by deputies while youths with extinguishers doused a small fire. A 20 year old non student claimed the bank fired due to its role in funding the Vietnam war.
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Clarence Saletti
Douglas Trueblood
Vietnam
Nixon Seeks 57 Federal Program Cuts for 2.5 Billion Savings
President Nixon asked Congress to scrap or reform 57 federal programs, aiming for 2.5 billion dollars in savings next year. He outlined shifts from wealthy to poorer districts, reform of school aid, abolition of a 1897 tea tasters board, and Medicaid revisions to emphasize medical care over custodial services.
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Associated Press
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Nixon
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Israelis Strike At Missile Base West Of Cairo
Israeli planes hit an Egyptian missile base 18 miles west of Cairo and returned safely, the military command said. The raid marks the first such inside Egypt near Cairo since the 1967 war amid ongoing cross canal exchanges with Egypt.
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