Market Slides as Profit Taking Extends Broad Decline
New York stocks fell broadly as profit taking dominated another session after a five month rally. The Dow dropped 7.98 to 829.63 as losers outpaced gainers, with light volume. AT&T fell to 49 amid SEC probe chatter and Sears slid 1.5 after weaker quarter earnings. American Telephone's warrants issue remained cited.
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Alcan Aluminium
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Wall Street Stocks Spark High Volume On NYSE
The New York Stock Exchange shows a flurry of activity with varied price shifts across multiple tickers. Investors monitor firms such as Alcan, Amoco, Coca Cola, Boeing, General Electric, and Ford amid broad market movement and notable volume spikes.
Stocks Show Wide Noon Prices on Exchange Board
A.P. Stock Exchange noon prices list numerous issues with varied highs and lows across sectors. Notable entries include AegisCorp, AmPatrol, Essex, FrontierAir, GenRastas, Tele NelCorp, and USFilt. Movements show mixed gains and losses as traders scan the board for value amid a volatile session.
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Sinatra Seeks Special Travel Favors at Heathrow
Frank Sinatra faced delays leaving Heathrow for Geneva as airport officials refused his requests for special customs clearance and a hush hush departure. A spokesman said allowing such treatment would set a precedent for every VIP, forcing a compromise that sent a private jet to the main terminal with Sinatra, Barbara Marx, and Billy Rizzo for on board inspection.
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Mick Jagger Injures Hand After Window Breaks
New York AP reports Rolling Stones frontman Mick Jagger required 20 stitches for a gash in his right hand and wrist after he put his hand through a window at Gogman’s restaurant in Montauk. He was treated at Southampton Hospital Saturday night and released. He said a cast will not be needed.
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Mayaguez Carries Cargo as It Heads to Hong Kong
The freighter Mayaguez sailed from Singapore bound for Hong Kong with cargo bound for U S forces in Thailand. Crew recounts include being held by Cambodians near Koh Tang. Captain Miller says U S forces freed them after a Marine action. Damaged containers and a missing $5,000 are noted, with crews and replacements moving on.
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Communist seizure of Republica sparks street clash in Lisbon
In Lisbon, Communist party workers seized editorial control of the Socialist paper Republica, with editor Raul Rego refusing to leave. Socialist leaders urged followers to the streets as authorities accuse a leftist purge and protesters spurn U S embassy guards amid anti CIA graffiti.
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Casualties Rise From Island Operation Claims
A higher casualty figure was reported as including all sorts of minor wounds, said Schlesinger on ABC TV. He explained delays in toll determination, noting initial reports of downed choppers and a continuing mystery aboard ships as damage assessments proceeded.
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Vanderbilt Rally For Joan Little Draws Support At Campus
Vanderbilt University will host a rally for Joan Little, the 20 year old accused of murdering a jail guard with an ice pick, organized by the Nashville Student Coalition Against Racism. Spokeswoman Betty Mitchell says the event links race and sex issues with recent crime and desegregation debates as groups including NOW and NAACP Youth Council join in.
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Iran and Saudi Arabia Big U.S. Farm Markets
The Agriculture Department says oil rich Iran and Saudi Arabia will remain major U.S. farm buyers for years. Iran may spend about 750 million and Saudi about 150 million this year, with steady gains since 1973. Wheat rice oil and processed foods lead U.S. exports to both nations amid rising demand for animal feed and processed products.
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North Korea charges US threats of nuclear use in Korea
North Korea accused the United States of backing South Korea's anti Communist drive and threatening nuclear war in Korea. In Tokyo eight people linked to bombing probes were detained, a detainee died, and two suspected firms tied to anti Communist activity were bombed earlier.
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Graduates Listen To Rep Jordan at Wake Forest
Wake Forest University in Winston-Salem held graduation exercises Sunday with Rep Barbara Jordan delivering the commencement address. Je W Perry Crouch, secretary of the Baptist State Convention, gave the baccalaureate sermon noting that faith cannot guarantee success or avoid pain but may help the world avoid disaster.
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