Market slides as inflation fears, tax plans ease gains
The Associated Press average of 60 stocks at noon stood at 2432.5 with mixed losses across sectors. Investors weighed inflation combat measures, Nixon tax extension talk, and living costs while traders watched for policy signals.
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South Vietnam
National Liberation Front
Viet Cong
Nixon
Wbank
Associated Press
New York Foreign Issue Topic Sparks Tax Debate
In New York discussions arise over a proposed great equalization tax aimed at balancing fiscal measures. Key figures and organizations weigh potential impacts.
Caldwell’s Response Unacceptable Says NC State Group
Raleigh AP reporting a spokesman for NC State nonacademic staff calls Chancellor Caldwell’s reply to 43 demands completely unsatisfactory and warns a strike is very possible. Eddie Davis of the union committee says Caldwell is passing the buck after reviewing his statement. The chancellor said the university is willing to concede to some requests.
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Raleigh
North Carolina
John Caldwell
Wasi
Eddie Davis
The
Caldwell
Are Marbles In TV Ad Soup Bowls Misleading?
Fragmentary weather notes mix with stray phrases about employment policy and televised ads. The readable portions describe temperatures and conditions across South Carolina Virginia and Georgia with unsettled winds and cooler nights.
FTC flags Campbell Soup ads as misleading
The Federal Trade Commission complains that Campbell Soup Co. uses fewer solids in its soups than declared and that the vision commercials are false and deceptive. The case centers on misrepresentation of actual solids to viewers.
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Washington
Federal Trade Commission
Vision
J Commission
Bell Soup Co
Campbell Soup faces FTC action over misleading soup ads
The FTC announced a proposed complaint against Campbell Soup, accusing the company of misleading advertising by showing clear marbles in soup to imply more solid ingredients. Campbell disputed the claim and said it discontinued the practice after the FTC raised concerns, noting plants in Camden New Jersey and Sumter South Carolina.
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FTC
Scarprettand
Campbell
Commission
Nixon asks Congress to regulate bank holding companies
President Nixon urged Congress to pass a bill bringing one bank holding companies under federal control to curb growth of giant bank linked conglomerates. The plan, supported by Rep Patman, aims to end the erosion of the banking power split between lenders and users of money. The administration’s proposal would amend the Bank Holding Company Act of 1956, with a June 20 1968 cutoff for pre existing subsidiaries.
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Governor Scott Warns Against Campus Violence Across North Carolina
Governor Bob Scott told a Democratic fundraiser that campus unrest threatens higher education, urging action from within institutions while criticizing outside mob rule. He warned that excessive campus demands resemble the prelude to Germany’s Third Reich and emphasized upholding law and standards.
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North Carolina
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8. C
Bob Scott
NSRP officials reveal legal move in Ray libel suit
Edward R Fields said J B Stoner would represent Ray in a libel suit against national magazines. Stoner, 44, announced he would handle the case after conferring with Ray at the Tennessee State Penitentiary. He declined comment on a possible new trial while awaiting the first degree murder trial.
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Edward R. Fields
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Stoner
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Tennessee State
Nashville
Three Actresses Divorced In Los Angeles
Actress Margaret O’Brien, 31, Brenda Scott, 25, and Irish McCalla, 40, were granted divorces from their husbands in Los Angeles. O’Brien said she will continue acting and waived alimony after nine years of marriage to Harold Robert Allen Jr. No children were involved. Scott’s ex-husband Andy Prine, 33, will pay 10 percent of income for two years and settle a mink coat balance. McCalla’s divorce from John Patrick Horgan, 39, followed her refusal to vote for Eldridge Cleaver. alimony set at 2500 dollars over five months.
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Syna-Clear Decongestant Promises Long Lasting Relief
An Eckerd's Drug Stores advertisement touts Syna-Clear Decongestant tablets as instantly and continuously draining nasal and sinus cavities for up to eight hours of relief. The copy claims easier breathing, reduced watery eyes, and stops runny nose, urging purchase with a prescription and satisfaction guaranteed.
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