Market slows as stocks edge higher at noon
The Dow Jones 30 sits up 2.63 to 893.84 at noon with volume around 6.8 million shares. Advancers outpace decliners by more than 2 to 1 on the NYSE as investors absorb Connally's GNP forecast and Indochina cease-fire hints. IBM, Control Data, Polaroid, Xerox, Burroughs, and Univ. Computing lead a mixed session. The AP 60-stock average rises 1.4 to 321.2 with notable pre noon blocks like Texaco and Continental Can trading higher.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Treasury
John B. Connally
U.S
Indochina
IBM
Control
Polaroid
Xerox
Burroughs
Viet Cong and South Vietnam clash over peace terms at Paris talks
In Paris, Xuan Thuy and Mrs. Nguyen Thi Binh press for Vietnamese self determination and a rapid POW release. They argue the plan allows US troop withdrawal by year end and calls Bruce’s claims of peace intention a veil. they insist on ending foreign troop presence.
MENTIONED IN THIS ARTICLE
United States
South Vietnam
Xuan Thuy
U.S
Viet Cong
Ngyun Thi Binh
Paris
New Retirement Bill Approved by Senate and House
In Raleigh the Senate 27-15 and the House 70-34 approved a revised legislative retirement plan. It shifts from non-contributory to a 5 percent salary contribution and allows former members with up to four terms to draw $25 per month per term at age 65. Critics call it a raid on the treasury.
MENTIONED IN THIS ARTICLE
Senate
Hargrove Bowles
Guilford
House
Treasury of
North Carolina
Marvin Johnson
D-Johnston
Johnson
Pension plan debate stirs North Carolina House
Legislators clash over a conference report on retirement changes. Rep James Long urges repeal but accepts contributions. Rep Ernest Messer supports a more equitable bill. Critics like Rep Charles Taylor warn older teachers may lose as several retirees receive under 100 dollars monthly. Rep William Fulton admits regret over supporting the 1969 plan.
MENTIONED IN THIS ARTICLE
Johnson
James Long
D-Alamance
House
North Carolina
Ernest Messer
D - Haywood
Charles Taylor
Transylvania
Jeter Haynes
R-Yadkin
Taylor
William Fulton
Burke
Dividend terminology and footnotes in stock table excerpt
Unofficial sales figures and dividend rates discussed with footnotes clarifying terms such as annual disbursements, regular vs special payments, stock dividends, ex-dividend and ex-rights statuses, and various coded annotations for years 1970 to 1976 including bankruptcies reorganizations and foreign issues subject to tax considerations.
Nixon expects slower GNP rise in April-June
The Nixon administration forecasts second quarter GNP growth of about 20 to 25 billion dollars, a modest expansion while unemployment remains high. Officials warn it may not reach the 30 billion dollar rise hoped earlier, with McCracken signaling a shift away from the 1.065 trillion target. President Nixon has rejected new stimulants like a tax cut to speed the recovery.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
White House
Nixon
Paul McCracken
Council of Economic Advisers
Congress
McCracken
Senate to vote on 20000 dollar crop subsidy limit
Senate floor fight unfolds as Appropriations panel keeps a 55000 cap on cotton wheat and feed grain subsidies while House members push to drop payments to farmers who grow marijuana. Sen Bayh seeks 20000 cap claiming 2 percent of farmers would be affected and $200 million yearly savings.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
Birch Bayh
D-Ind
Bayh
J. G. Boswell Co
California
Agriculture Department
Nixon
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