Stocks Slip as Dow Dives. Mixed NYSE Trading Seen
The Dow Jones industrial average fell 1.13 percent to 725.56 by noon amid broad declines while the AP 60 average dropped 1.8. Analysts noted optimistic undercurrents from Nixon administration testimony and Kennedy forecasts of a shift toward expansion. Large blocks traded included Colorado Interstate and General Telephone as market activity showed uneven gains across sectors.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Nixon
Joint Congressional Economic Committee
David M. Kennedy
Colorado
General Telephone
International Telephone
Associated Press
American Motors
Plessey Ltd
Ampex Corp
Pfizer
Chrysler
Johnson & Johnson
Telex
American Stock Exchange
Spencer Shoe
Amex
Digital
National Health
Deltona
Auto Data
Marshall Industries
Alamera Oil
NASD Inter-dealer Quotes and Zale Corp Price Summary
The NASD bid and asked quotations as of about 11 a.m. show representative inter-dealer prices with no retail markup or commissions. Zale Corp reported 64 9 26% and Zenith R at 1.40 with 26 and 27% figures, reflecting market movement.
MENTIONED IN THIS ARTICLE
Zale Corp
Zenith
Associated Press
Youths clash with police near campus in arson attempt
On Dread Avenue near the campus a group of youths gathered at night started fires and taunted police and firemen. They attempted to burn a condemned apartment owned by a university professor, overturned a car, and fled as officers advanced. Gary Shivers reported seeing the arson attempt and gunfire followed by tear gas dispersal.
MENTIONED IN THIS ARTICLE
Dread Avenue
Hair sampling clash at Fort Bragg in MacDonald case
Army CID agents forcibly remove hair samples from Capt. Jeffrey MacDonald after a scuffle that saw one civilian attorney thrown to the ground. The testimony concerns whether the Green Beret doctor will face court martial for the 1970 murders of his wife and two children and the closed hearing continues at Fort Bragg.
MENTIONED IN THIS ARTICLE
FT. Bragg
N.C
Army
Jeffrey MacDonald
Military
Criminal Investigation Division
MacDonald
Patchogue
N.Y
CID
Colette
Kimberly
Kristen
Col
Warren V. Rock
Dennis Eisman
Ie Army
Maj
Levert Jacobson
Eisman
Jacobson
Post Hospital
Philadelphia
Bernard Segal
U.S
Algernon Butler
Butler
Public Information Office
Administration Heads Effort To Improve Housing Units
The Nixon administration launched Project Rehab to rehabilitate 22,000 absentee-owned slum housing units across 10 cities. Housing Secretary Romney says the program aims to boost volume housing production and minority business opportunities. Local authorities or nonprofits will acquire and rehabilitate properties using federal aid, with about 1,000 dollars per unit. Cities include Cincinnati Detroit El Paso Hartford Indianapolis Memphis New York Philadelphia Pittsburgh and Seattle.
MENTIONED IN THIS ARTICLE
Bilitate
George Romney
Romney
M. Carter McFarland
McFarland
Cincinnati
Detroit
el Paso
Tex
Hartford
Forsyth County Blocks Busing Plan Over Budget
Forsyth County commissioners oppose cross-busing for Winston-Salem Forsyth County schools. They ordered the school board to consult before buying buses and reclaimed $196,000 set aside for new buses. Three commissioners vow to jail over the plan, following Judge Gordon order to cluster eight schools for racial balance, a move that could require at least 50 buses which the district cannot fund.
MENTIONED IN THIS ARTICLE
Winston-Salem
Forsyth County
Board of Education
Winston-Salem- Forsyth County
Leonard ©. Warner
Grady P. Swisher
Grover Shugart
U.S
Eugene A. Gordon
Budget Cuts May Cost Navy Ships
Navy faces further fleet reductions as the Pentagon plans a roughly 6 billion cut to a budget near 70 billion for fiscal 1972. The Navy already retired 130 vessels and would lose about 100 more, shrinking from 900 to around 650 ships, while modernization lags amid a growing Soviet navy.
MENTIONED IN THIS ARTICLE
Washington
Navy
Pentagon
Defense
Nixon
U.S
United States
Naval Shipbuilding Pogram
Mediterranean
Middle East
Adm
E. P. Holmes
Atlantic
House
New British Minister Dies Of Heart Attack
Iain Macleod, chancellor of the exchequer in Britain's Conservative government, died suddenly at No 11 Downing Street from a heart attack. He was 56 and had been in politics 25 years. His death followed an emergency appendectomy and comes as Edward Heath ponders a replacement from Reginald Maulding.
MENTIONED IN THIS ARTICLE
London
Iain Macleod
Britain
Edward Heath
Home
Reginald Maulding
Financial Post
Macleod
House of Commons
Winston Churchill
Duchy of Lancaster
Conservative
Harold Macmillan
Alec Douglas-Home
Macmillan
Heath
Douglas-Home
Macleo
No. 11
Downing Street
Eva
Firestone Textiles Hikes Pay in Gastonia
Firestone Textiles Co. notified its 1,300 Gastonia employees by bulletin board notices of a wage increase and other benefits effective July 27. The company declined to state the raise amount, citing policy. Also announced are New Year’s Day as a paid holiday and, after 20 years of service, a fourth week of vacation starting Oct. 31.
MENTIONED IN THIS ARTICLE
Gastonia, N. C
Firestone Textiles Co
Gastonia
Firestone
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Texaco
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TimesMir
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Wit Ae
Kerox Cp
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