End of West Coast dock strike hopeful tentative agreement
Negotiators announced a tentative settlement to the longshoremen strike on the West Coast. The pact would end a stoppage costing the economy nearly a billion dollars since July first and requires ratification by about 15 000 workers. It includes a wage rise to five dollars an hour and a second year raise, plus a jurisdictional settlement on containerized cargo. President Nixon urged industrial modernization and capital investment during a White House conference.
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Growth policy reshapes merit raises for union and nonunion workers
The Pay Board imposes a 5.5 percent wage increase cap for merit raises with flexible exceptions up to seven percent. Connally argues against zero growth and urges firms to boost productivity amid world competition. He and other speakers defend growth as essential to livable wages and race and pollution challenges.
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Connally
Treasury
John B. Connally
Local Market Prices for Grains and Feed
Wheat 1.36, corn 1.10, milo 1.71, beans 2.97, oats 0.82. Prices listed for market trade.
Dow Jones Averages Range And Bond Averages Report
The report lists weekly ranges for the Dow Jones indices across sectors such as Industry, Transport, Utilities and Rails with high and low values. It also shows Bond Averages for categories like Bonds, Ist RRs, and U.S. Treasuries with daily closing figures and brief changes.
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