Blue chip rebound lifts market modestly in mixed session
New York stocks rose from a six day decline as blue chips led a mild rebound. Dow up 5.16 at noon while gainers trailed losers on the NYSE by about 3 to 2. Fed Chair Burns signaled actions raised rates to counter a surge in the money supply from tax rebates.
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NEW York
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Arthur F. Burns
Federal Reserve Board
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General Foods
American Stock Exchange
Eastman Kodak
du Pont
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Kodak
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A.P. Stock Averages and Dividend Footnotes
Unofficial sales figures accompany A P stock averages. Rates shown are annual disbursements based on last quarterly or semi annual declaration. Footnotes explain special or extra dividends and other designations such as ex dividend, stock splits, and new issues. Bankruptcy or receivership context noted for related securities.
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t-Pet
Visin
NC Doctors Face Malpractice Insurance Shift to Claims-Made Plans
North Carolina doctors weigh a shift from claims-made plans to a nationwide claims-made system. St Paul Insurance argues current occurrence pricing fails to reflect rising claim costs, noting NC costs at 800000 and US costs at 18 million last year. The firm says premiums would rise initially but align with actual claims as costs escalate.
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St. Paul
North Carolina
United States
Insurance and Credit Trends Highlight Gaps in Skills and Costs
The report notes lower performance on math questions among blacks, inner-city residents, Southeast dwellers, and those with less educated parents, raising concerns about how money and policy choices affect financial management. St Paul will stop selling medical malpractice insurance in North Carolina by August 15 if claims-made coverage cannot be sold, with a state insurance exchange plan to pool risks for physicians unable to obtain coverage.
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Roy H. Forbes
Mit
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North Carolina
Ingram
Daniel
General Assembly
CIA opened nearly 68000 letters in illicit mail operation
Central Intelligence director William E Colby testified before a House subcommittee on July 20 that the CIA opened about 68 000 letters in five cities during an illicit mail operation and maintained a watch list of 300 American citizens. The aim was to learn how Soviet Chinese and other Communist countries opened and censored letters and whether codes were hidden in or on the letters.
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William E. Colby
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Colby
House
Spiro T. Agnew
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New York City
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Honolulu
House Delays Ford Oil Veto Vote Returns Bill to Committee
The House sent back to the Commerce Committee a Ford vetoed bill to extend the oil price ceiling. Speaker Carl Albert said overriding the veto would be fruitless today and the measure could be revived later. With August recess and price controls expiring, energy policy talks continue amid pressure for a slower price escalation.
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Ford
U.S
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Albert
Commerce Committee
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D-W. Va
Congress
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The Party's Over As Apollo Crew Heads For Home
Apollo’s final crew returns to Earth after nine days in space ending a pioneering U.S.-Soviet mission. Thomas Stafford Vance Brand and Donald Slayton steer to a 5 20 p m Pacific splashdown aboard the USS New Orleans. Cosmonauts Leonov Kubasov return to Moscow after a joint orbital effort.
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Moscow
Postal Rates Rise to 13 Cents for First-Class Mail
Washington officials report a new labor contract for postal workers requires a 13 cent first class letter rate by year end. Postmaster General Bailar had hoped for a 12 cent rate on July 1 but delays and authority issues push the hike. Congress is considering a 12 cent limit while the contract adds about 2 billion to operating costs.
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Benjamin F. Bailar
Bailar
Postal Service
Congress
Pat O'Brien In Critical Condition
CHICAGO AP Actor Pat O'Brien, 75, is listed in critical condition at Little Company of Mary Hospital after chest pains. He was admitted Tuesday with an irregular heartbeat and initially stable but not allowed visitors. He stars with his wife Eloise in Skip and Go Naked in Chicago.
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Pat O'Brien
O'Brien
Little Company
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