Market Dips as Investors Question Easing Money Tightness
New York stocks eased with the Dow down 5.55 to 846.53 as traders weighed prospects for monetary relief. Western Bancorp led declines on the NYSE with heavy block trading, while the Amex index slipped and gold prices fell with Europe. Semiconductor issues rebounded slightly amid profit fears for a soft cycle ahead.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
First National City Bank
Western Bancorp
NYSE
American Stock Exchange
Europe
ASA, Ltd
Homestake
Dom Mines
Campbell Red Lake
National Semiconductor
Motorola
Imperial Oil
Dome Petroleum
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Weyer
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Norther
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Winnebago
Cessna
NorStr
Chris Cratt
Eee
Cititorp
Comsat
PanAm Air Rt
Pal
Pascovic Ee
Cent AirLinel
Penn Cent
CntCaniel
PennDx
Lava Lance
PhilaEl
Crouxin
Phill
Dartind
Dilloncol
Disney
Ralston P
Ranco
Vie Wb
Isis
RapigAm
Raythen
Dresser
RepSil
East Airlin
NEW York (Ap
New York
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Royccol
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Tocks Sane
Alfa
Starlec
ForMick
Shanoml Ta
Bam Wa
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Onds FreepMi
SlonaiCo
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Gannett
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Eye
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Hess
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Twencen
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AMP Inc
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AmpexCorp
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AcmsiCk
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Upjohn
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Sda
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Itek Corp A
Epwil
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Silva
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Usfilir
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Tia
Waaltpar
Wilshr
NortikWas
Vaun
Norphi
Ngos
Italian Fans Not Deterred Amid Crisis and World Cup Hype
In Rome AP reports Italy braces for World Cup opener in Frankfurt as Premier Rumor's government resigns amid a severe 30 year crisis. Housewives stockpile essentials while business leaders warn of cost pressures, Fiat chairman Agnelli pledges no layoffs spared.
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Rome
Italy
Mariano Rumor
Frankfurt
Post Office
Mario Togni
Milan
Gianni Agnelli
Fiat Auto Co
St Clair Defense Brief Rejected By Judiciary Panel
White House lawyer James St Clair was refused an early 10 000 word defense brief by Chairman Peter Rodino as the House Judiciary Committee proceeds with Nixon impeachment hearings. Rodino ruled the brief inappropriate before all evidence is presented. St Clair may be invited to respond after evidentiary hearings finish.
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James St. Clair
John Beckler
Associated Press
Washington
White House
Peter W. Rodino Jr
Nixon
House Judiciary Committee
Rodino
D-N.j
St. Clair
Roding
Kissinger wiretap role questioned by FBI memos and posts
Washington Post reports FCC documents cast doubt on Kissinger testimony about wiretaps. The Boston Globe cites Hoover to Mitchell memos naming two residences targeted for taps to probe leaks. The Post notes Nixon ordered taps on a TV correspondent and a White House aide, with Hoover and Mitchell memos alleging Kissinger initiated three wiretap requests.
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Kissinger
The
Washington Post
FBI
Boston Globe
J. Edgar Hoover
Atty
John N. Mitchell
Globe
House Judiciary Committee
Eilberg
Associated Press
Wilberg
Hilberg
FBE
Charles Wiggins
Calif
Hoover
White House
Henry A. Kissinger
Post
New York Times
Cambodia
Nixon
Nixon Visits Middle East for First Since World War II
President Nixon arrived in Salzburg after a 36 hour Alpine stopover as Kissinger pressed for an Egyptian Israeli troop separation and defended U.S. conduct. In Cairo, Anwar Sadat welcomed the visit, declaring a new era in American Egyptian relations with ceremonies and a dinner.
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Kissinger
Nixon
Salzburg
Hans Lechner
Bruno Kreisky
Vienna
Anwar Sadat
Cairo
Middle East
Sadat
Five-Year-Old Rescued From Queens Hostage Situation
A five year old girl was freed by police from a Queens housing project apartment where she had been held with her father since Monday. The father, Fred Kinsler, 34, was found dead with a bullet wound. Gunman Floyd Steele, 58, surrendered after police hostage team coaxed the girl to safety. The child was unhurt, neighbors cheered, and officers moved in as Steele held the weapon at the doorway.
MENTIONED IN THIS ARTICLE
New York
Queens Housing Project
Frank A. Bolz Jr
Fred Kinsler
Duke Power rate hike stance justified in hearings
Duke Power executive vice president B B Parker defended a proposed 60.4 million rate increase before the North Carolina Utilities Commission. He explained the fuel escalation clause would raise prices as coal costs rose from 11 to 30 dollars per ton, driven mainly by demand.
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Raleigh
Duke Power Co
B. B. Parker
North Carolina Utilities Commission
Duke
Hugh Wells
Parker
M. T. Hatley
Hatley
Judges consider White House files push in cover up case
Sirica signals possible alignment with Gesell on accessing White House files and other evidence Nixon controls. Kenneth Parkinson and Robert Mardian face conspiracy to obstruct justice charges. All six cover-up defendants ask Supreme Court to seal grand jury materials naming Nixon and unindicted co conspirators. St Clair urges ruling grand jury lacked authority to name Nixon and claims lack of evidence.
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Sirica
Gesell
White House Files
Nixon
Kenneth W. Parkinson
Robert C. Mardian
Supreme Court
James D. St. Clair
High Court
St. Clair
Raleigh Filming of The Impeachment of Andrew Johnson
The BBC drama is being filmed in Raleigh with nearly 100 people including six extras. The production, not a strict historical reconstruction, shows Johnson watching his trial on a TV monitor while interviewed by Robert MacNeil. Filming began Tuesday in the state capital and will air on public TV July 1 in the United States.
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Raleigh
Andrew Johnson
State
British Broadcasting Corp
United States
Great Britain
Michael Thompson
BBC
Johnson
Robert MacNeil
Senate Chamber
Washington
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