Market Slip Shows Cautious Trading Amid Consolidation
New York stocks fell as profit taking and a six month rally pause lingered. The noon Dow edged down 4.25 to 917.02 with mixed moves across steel, mail order, utilities, metals, and rails while rubber stocks rose. Large caps Natomas and Ford Motors moved lower, American Brands eased, and the AP 60 surveys diverged.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Associated Press
Natomas
Getty Oil
Ford Motor
Bausch & Lomb
Amex
Kinney
Syntex
Shelter, Resources
Terminal Hudson
McCulloch Oil
Calhoun Receives BA at Belmont Abbey College
Robert Condon Calhoun son of Mr and Mrs R M Calhoun of 1102 Johnson Rd earned a bachelor of arts in Business and Economics from Belmont Abbey College in a recent ceremony.
MENTIONED IN THIS ARTICLE
Robert Condon Calhoun
R. M. Calhoun
Johnson Rd
Belmont Abbey College
Dow Jones Stocks Mix Move Despite Mixed Industrial Figures
Quotations show varied readings across sectors with industrials and transportation slipping while rails show slight gains. Bonds edged higher as investors weigh prospects for economic growth and inflation.
New York Stock Exchange Noon Index Report
The afternoon stock market snapshot shows the New York Exchange index through noon trading with mixed moves. Investors weighed utilities and other sectors as the index hovered around the 650 level amid uncertainty about demand and earnings.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Argentine Abduction Shocks Rosario Leftist Group Claims Kidnaping
In Rosario a British honorary consul, Stanley E M Sylvester, 58, was kidnapped outside his home by three men in a car. A communique from the Revolutionary Army of the People tied the act to the anniversary of a 1969 death and warned of justice. Police and Santa Fe officials launched a citywide manhunt as the group, now stronger with Guevara sympathizers, remains without ransom terms.
MENTIONED IN THIS ARTICLE
Rosario
Argentina
Revolutionary Army of the People
Stanley E.M. Sylvester
Popular Justice
Sylvester
Luis Norberto Blanco
Swift Meat Packing Company
Santa Fe
Revolutionary Army
Thas
Ernesto
Che” Guevara
Cupacetere
Britten
Campaign Finance Reform Debate Moves To Senate Hearing
Deputy Atty. Gen. Kleindienst urged the Senate to reject a $5 000 cap on individual contributions to federal candidates arguing full disclosure defeats corruption. He testified that timely publicity lets voters judge donor influence and backed broader reform including media spending limits and tax incentives for small gifts. He favored repealing equal time rules for minor parties and urged extending such repeal beyond presidential races to Congress.
MENTIONED IN THIS ARTICLE
Washington
Richard G. Kleindienst
Senate
Kleindienst
Senate Elections Subcommittee
House
Nixon
Governor Criticizes UNC Chapel Hill Chancellor Role
Governor attacks educators as comical and vicious and says Friday runs UNC Chapel Hill. He calls for immediate reorganization of North Carolina higher education and a single governing board for 16 state supported institutions, warning the system could unravel without action.
MENTIONED IN THIS ARTICLE
Chapel Hill
The
Consolidated University
UNC
Bill Friday
Scott
North Carolina
Navy chief warns of budget squeeze on fleet modernization
Admiral Zumwalt says the Soviet surge in submarines and ballistic missiles forces a lighter carrier force but heavier use of helicopters and VTOL aircraft. He notes a fourth nuclear carrier was cut and urges cost effective ships, while defense budget pressures persist. He cites possible reconsideration of a nuclear carrier in fiscal 1973.
MENTIONED IN THIS ARTICLE
Washington
Adm
Elmo R. Zumwalt Jr
U.S
Zumwalt
Naval Operations
Navy
Pentagon
Executive Branch
Defense Department
Packard
Defense
David Packard
Norwegian Ship Meteor Sifts For 11 Missing Crew
In Vancouver AP reports 11 crew members unaccounted for after a fire on the Norwegian Meteor that killed 21 crewmen. The ship returned to harbor with 14 bodies aboard and seven found on deck. 91 crew served aboard. Investigations launch by Canadian authorities and Bergen Lines directors travel from Oslo.
MENTIONED IN THIS ARTICLE
Vancouver
B.C
Vancover Harbor
Canadian Department of Transport
Royal Canadian Mounted Police
A. Morner
Tor Virding
Muskie Attacks Nixon Policies in Detroit Speech
In Detroit Sen. Ed Muskie blamed the Nixon administration for economic ills and urged immediate federal action. He called for a temporary tax cut and spending rise, voluntary price and wage restraints, public service employment, and an equitable prosperity program to reduce unemployment and fund vital public services.
MENTIONED IN THIS ARTICLE
Detroit
Edmund
Muskie
Maine
Detroit Economic Club
Nixon
Seattle
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