Market Rides Affects Steels Tails And Airlines In Late Trading
The noon Dow Jones stood at 940.70 down 2.11 as declines led advancers 7 to 5 on the NYSE. Airlines slumped with American down to 47 and Eastern at 24, while rail stocks also fell though Illinois Central rose. Large blocks traded included Sedco, RCA, and Boise Cascade as the market underwent a readjustment after recent gains.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
American Airlines
Eastern Airines
Pan American World Airlines
UAL Inc
Braniff
Southern Railways
Southern Pacific
Santa Fe Industries
Penn Central
Illinois Central
Chesapeake & Ohio
Sedco Inc
Dawn I's
RCA
Boise Cascade
Ups
Draft Board To Renew Appeals
The Selective Service told local draft boards they may resume hearing appeals for deferments or exemptions. The move ends a three month freeze before 4,100 boards, completing a two year overhaul to shift from local to national administration under President Nixon.
MENTIONED IN THIS ARTICLE
Washington
Selective Service
Curtis W. Tarr
Nixon
Draft board rules ease delays for deferments and appearances
Under Tarr order action can be taken on 22,486 men with pending requests for personal appearances before draft boards or appeals. Deferment hearings were suspended Dec 10 for reclassification review. revamped rules issued Jan 12 paused actions to let deferment or exemption seekers use new provisions. The changes require 15 days notice for appearances and allow witnesses at local board hearings.
MENTIONED IN THIS ARTICLE
Tarr
National Appeals Board
ITT settlement links in Nixon era hearings unfold
Mitchell says an ITT lobbyist told him Nixon was involved in pressuring the ITT settlement. Hume details a memo and meetings with ITT officials and Mrs Beard as Eastland pushes more witnesses into the seventh day of Senate hearings on improprieties in the ITT settlement.
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Brit ‘Hume
ITT
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Dita D. Beard
Howsover
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Sens
Hubert H. Humphrey
Min
Denver
Beard
Nesota
Edmund S. Muskie
Maine
Tiwerit
Republican National Committee
Kentucky
Louie B. Nunn
W.R. Merriam
Washington
Congress
White House
Hartford
Grinnell
Canteen Corp
Harold Geneen
Geneen
San Diego
New York
New York Stock Exchange Indices Dip At Noon
At noon the New York Stock Exchange showed declines across sectors led by industrials and utilities. The Market-O-Index fell 14 cents with Transportation, Finance, and Utility groups posting small losses.
MENTIONED IN THIS ARTICLE
NEW York Stock Index
NEW York
New York Stock Exchange
Berrigan Informer Denies Motive In Extortion Claim
FBI informer Boyd C Douglas Jr testifies in the David Berrigan antiwar case denying extortion motives. He recalls prison days in Lewisburg 1970 and says he gathered conspiracy evidence against Philip Berrigan under orders from his recruitment to smuggle letters. The defense plans further questioning to back up this line.
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Harrisburg
FBI
Boyd C. Douglas Jr
Philip Berrigan
Douglas
Berrigan
Lewisburg
Terry Lenmer
Father Berrigan
U.S. District Court
R.dixon Herman
Lenzner
Florida Debate Canceled Amid Rules Clash
A planned 90 minute televised Democratic debate in Miami was canceled after a dispute over rules. The dispute sparked attacks from Humphrey Muskie and McGovern camps as Florida activity focused on mobilizing voters while Kennedy, Chisholm, and Wallace drew attention elsewhere.
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Florida
Miami
George McGovern
South Dakota
Muskie
New Hampshire
Maine
McGovern
Humphrey
Oregon
Edward M. Kennedy
Massachusetts
Rhode Island
Shirley Chisholm
New York
John V.lindsay
George Wallace
Alan Baron
Alabama
Wallace
Key West
Tax experts split on education expense deduction guidance
A newsman questioned IRS official Kestler who apologized for delaying a decision and later said education expenses likely could be deductible. The piece notes consultants erred on capital gains, with six advisers none agreeing on stock sale figures and one using 50 percent for short term gains. The couple remained at line 50, facing Schedule X or alternatives.
Dole accuses AT&T of political loan gift amid party scandal
Democrats rebuke Senator Dole as he charges AT&T and the Democratic Party have a financial arrangement tied to the upcoming convention. He cites a 1.5 million debt and an 80 thousand dollar subvention as evidence of a loan or value. The dispute prompts calls for public hearings to probe the alleged agreement.
MENTIONED IN THIS ARTICLE
Dole
White House
Sen
O'Brien
Kansas Republican
At&t
Democratic Party
Democrats
Chiang Gets Party Call Fifth Time
Chiang Kai shek accepted the Kuomintang's call to stay on as president of Nationalist China for a fifth six year term. The National Assembly will elect him March 21. He was not present for the Central Committee cheer, receiving the news via chief delegate Cheng-kang.
MENTIONED IN THIS ARTICLE
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Taipei
Chiang Kaishek
China
Kuomintang
National Assembly
Party
Cheng-kang
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Ind. Rails
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Ind. Util. Fan. L
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Grace Rails
By Lee Linder
AP Political Writer
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