Wall Street Slips as Profit Pressure Broadens Market
Prices on the New York Stock Exchange decline as profit concerns spread across glamour and blue chip issues. The Dow Jones 30 fell about 9.26 points to 961.92, with the Associated Press 60 stock average down 2.6. Industries led declines while some utilities showed resistance.
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New York Stock Exchange
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Associated Press
Ogden Corp
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United Can
Union Corp
Japanese security ministers react to Tel Aviv airport massacre
Tokyo proposes a special investigator as Israel convenes an emergency cabinet session after militants linked to leftist groups attacked Ben Gurion Airport. Japanese police identify three attackers as 23 year olds from Tokyo who reportedly belonged to the Red Star Army.
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Tel Aviv
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Ken Torio
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Raleigh mall sniper killed 3 in shooting rampage
Social worker described Harvey Glenn McLeod as extremely prejudiced against whites and capable of a deep emotional outburst. He killed 11 people at North Hills Mall in Raleigh before taking his own life, injuring a U.S. Senate aide and others while campaigning inside the mall. Investigators sought a motive, interviewing acquaintances and reviewing background.
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New York Stock Exchange Noon Index Report
The New York Stock Exchange noon index shows small declines across sectors. Industrial shares edged lower by 0.47 points, transportation down 0.40, and utilities slipping 0.12, with overall market activity muted amid mixed trading conditions.
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New York
New York Stock Exchange
SBI Agents Protect Candidates After Raleigh Shooting
SBI Director Charles Dunn says two U S Senate hopefuls and one gubernatorial candidate are escorted by agents following a Raleigh shopping mall sniper attack that killed three and wounded eight. Aides for Jordan Galifianakis and Holfhouser confirmed agents accompany the candidates.
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Humphrey McGovern duel sways over Wallace vetoed as VP hope
In a calmer NBC Meet the Press, Humphrey apologizes for calling McGovern a fool over tax plans and both frontrunners reject Alabama Governor Wallace as a running mate. They defend inheritances tax, defense cuts, and income supplement while urging support for the eventual Democratic nominee.
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Duke Power seeks higher rates to fund expansion
Duke Power Co asks the North Carolina Utilities Commission for a rate increase, warning of curtailment of its construction program if denied. The request favors higher hikes for industrial customers, with residential increases as low as 4.21 percent and commercial rates up to 15.21 percent, aiming to fund a planned capacity doubles by 1977 amid a downgrade in bond ratings and reduced stock value.
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Ity
Gardner Letter Praises News Coverage In North Carolina
The Raleigh News and Observer reprinted a letter from Republican gubernatorial hopeful Jim Gardner thanking the paper for its coverage in the primary. Gardner criticized media outlets for distorting news about his campaign and called the News and Observer and Asheville Citizen the worst in the state. The May 11 letter to the News Department was signed Sincerely Jim and noted by Earl Cox, the Communications Director.
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Dissident Miners Nominate Candidate for UMW Presidency
Black lung sufferer Arnold Miller of West Virginia was nominated by Miners for Democracy as candidate for United Mine Workers president. The weekend convention followed a federal court order overturning the 1969 election won by Tony Boyle after the murder of Joseph and Patricia Yablonski.
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Arnold Miller
West Virginia
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Tony” Boyle
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Jock’ Yablonski
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MFD
Bobby Baker to Be Freed Thursday
Bobby Baker, former secretary to Senate Democrats, will be released Thursday from the federal prison camp at Allenwood Pa. He has served 16 months for tax evasion grand larceny and related charges. Baker rose from a Pickens South Carolina page to a trusted aid and earned millions from ventures beyond his Senate salary.
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