Slump In Stocks Worries Brokers End Not In Sight
The stock market fell for a fourth straight day erasing about 100 billion in two months. Dow Jones avg slid to 847.79 from 968 on May 14 with 12 percent drop. Brokers blame high interest rates, inflation fears, and political uncertainty while some seek safer bonds.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Eldon A. Grimm
Walston & Co
Vietnam
Middle East
Southern Bell Telephone & Telegraph Co
Federal Reserve Board
Harold Dorsey
Argus Research Corp
Subsidies debated for state bonds and missile testing plans
The Ways and Means Committee favors subsidies to help states issue taxable bonds for projects while allowing tax free bonds. A Senate compromise leans toward barring Safeguard, but expanding radar and computer tests at two Pacific sites. Diplomatic talks open on curbing missiles without on site inspections. Steel workers anticipate a prolonged strike at Inco in Ontario. U S and West German fliers freed by Moscow after a week. Additional U S planes join Cuba surveillance task force show of Soviet flag.
MENTIONED IN THIS ARTICLE
Washington
House
Ways and Means Committee
Senate
Pacific
Jacksonville
Fla
U.S
Cuba
Middle East War Jitters Continue
Tension and war jitters grip the Middle East with no quick peace. Egypt and Israel claim ongoing hostilities despite pauses since 1967. A major showdown is unlikely this year, while both sides report regular clashes and casualties near Port Taufiq and the Suez Canal. U.S. and British officials discuss settlement plans as Sisco teams with Soviet talks.
MENTIONED IN THIS ARTICLE
Beirut
Middle East
Israel
U.N
U Thant
Egypt
Mohamed Hassan el Zayyat
Suez Canal
Jordan River
Tel Aviv
Cairo
Port Taufiq
Joseph J. Sisco
U.S
Paris
Moscow
Sisco
Washington
Hocking Valley Forecast Sees Mostly Sunny Saturday
Mostly sunny weather is forecast for the Hocking Valley on Saturday with little temperature change. It was 80 degrees under overcast skies at 11 a.m. today, compared with Thursday’s high of 87. overnight low was 67.
MENTIONED IN THIS ARTICLE
Hocking Valley
Kachelmacher Estate Reports 1968 Income and Assets
The 1968 annual account of the Nils L. C. Kachelmacher estate shows net income of 81243.06 and total estate assets of 2 760 274.05. Commissions were paid to executors and trustees totaling 880 743.06 in credits, with principal assets including bonds 1 856 655.11 and oil leases 8 250.75. The will sets a ten year post death of last heir for a varicose veins research foundation in South Logan, with Mayo Clinic involvement under consideration.
MENTIONED IN THIS ARTICLE
Tors
Nils L. C. Kachelmacher
Rhea Bangert Brown
Battelle & Battelle
Dayton Certified Public Accountants
John C. Owens
Robert W. Keynes
Dayton Schultheis
Ohio Industrial Commission
Kachelmacher
South Logan
Norway
Hocking Valley Community Hospital
Mayo Clinic of
Rochester
Minn
Leslie Johnson
House Panel Advances Campus Unrest Funding Cutoff
A House Appropriations subcommittee approved a stricter HEW funding cutoff for students in violent campus uprisings. The amendment by Rep. Neal Smith would bar federal aid to participants and remove the prior requirement for a hearing before aid withdrawal.
MENTIONED IN THIS ARTICLE
Bill OK
Washington
House
Department of Health, Education and Welfare
Neal Smith
Iowa
Smith
Authorities Seek Ohio Pen Escapee
Authorities sought an Ohio Pen escapee named James W. Kaseda 35 of Euclid who walked away from a dormitory on Thursday while serving as a clerk in the prison administrative offices. He has two years left on a bad check conviction and is due for parole soon.
MENTIONED IN THIS ARTICLE
Columbus, Ohio
Ohio
James W. Kaseda
Euclid
Rhodes Approves 157947 in Anti Poverty Grants
Gary James A. Rhodes approved on Thursday grants totaling 157947 dollars for anti poverty projects in Jackson County and Vinton County Ohio. The funding supports separate program operations and aims to reduce poverty in the two counties.
MENTIONED IN THIS ARTICLE
Columbus, Ohio
Gary
James A. Rhodes
Jackson
Vinton
Apollo 11 Astronauts Under Final Prelaunch Examinations
Apollo 11 astronauts Neil Armstrong Edwin Aldrin Jr and Michael Collins undergo their final major prelaunch physical exams as countdown for the eight day mission nears. The tests establish health baselines and aid flight planning ahead of liftoff at 9 32 a m EDT next Wednesday.
MENTIONED IN THIS ARTICLE
Cape Kennedy
Fla
Neil A. Armstrong
Edwin E. Aldrin Jr
Michael Collins
Armstrong
Aldrin
Rocco Petrone
Ohio Declared Disaster Area by SBA
The Small Business Administration declared the entire state of Ohio a disaster area after last weekend's storm and floods. Loan applications will be accepted immediately at SBA regional offices in Cleveland and Columbus.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
William B. Saxbe
Washington
Small Business Administration
Cleveland
Nixon hails Thieu peace plan as path to settlement
President Nixon welcomed Thieu’s political approach to peace in Vietnam and urged the Communists to negotiate seriously. He cited our readiness for any outcome through free elections and noted ongoing consultations with Saigon as U.S. troop withdrawals near.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Nguyen van Thieu
South Vietnam
Thieu
Hanoi
Midway Island
Ronald L. Ziegler
White House
Saigon
Ziegler
U.S
U S pressure continues as Viet War lull lasts
In Saigon and nearby frontier areas, U S forces press four North Vietnamese divisions in the 3rd Corps zone while shielding Tay Ninh City and An Loc. Intell officials warn of possible enemy highpoints, with B52 raids on suspected staging areas and multiple rocket and mortar attacks, some causing light damage.
MENTIONED IN THIS ARTICLE
Saigon
3Rd Corps
Tay Ninh
An Loc
U.S
Tay Ninh City
Appeals Court Frees Spock In Reversal
The 1st Circuit reversed convictions of Dr Benjamin Spock and three others for counseling draft evasion. Spock and Harvard graduate student MichaelFerber were freed from further prosecution, while retrials were ordered for Rev William Sloane Coffin Jr and Mitchell Goodman. The court said their actions constituted free speech under the First Amendment despite affecting the war effort.
MENTIONED IN THIS ARTICLE
Boston
US. Circuit Court of Appeals
Benjamin Spock
Spock
Harvard
Michael Ferber
William Sloane Coffin Jr
Yale University
Mitchell Goodman
Temple
Maine
Vietnam
Strike Force to Target Ohio Cosa Nostra
The Justice Department plans a strike force in Cleveland to concentrate on Cosa Nostra activities in Ohio. A spokesman said no official announcement has been made yet, but an office will be established in the near future.
MENTIONED IN THIS ARTICLE
Cleveland, Ohio
Justice Department
Cosa Nostra
Ohio
Thieu Proposes Free Elections in Vietnam War
President Thieu urged internationally supervised free elections with Viet Cong participation if they renounce violence and accept results. He called for an election commission to ensure fair campaigning and accurate vote counting, while negotiations at Paris remain stalemated.
MENTIONED IN THIS ARTICLE
Saigon
Nguyen van Thieu
National Liberation Front
Provisional Revolutionary Government
North Vietnam
Nixon
South Vietnam
Thieu
NLF
Soviet hint at detente warms U S officials
Washington reports that Andrei Gromyko’s policy speech to the Soviet parliament offered a broad hint of possible U S Soviet summit later, while noting no plan for a Moscow stop on Nixon’s upcoming globe tour. Administrations sources say the Soviets favor improved East West relations but await a future meeting.
MENTIONED IN THIS ARTICLE
Washington
Moscow
Andrei A. Gromyko
Nixon
Kremlin
Gromyko
Wise
United States
Also Mentioned on This Page
By Jack Lefler
Brussels
Soviet Union
Toronto
Sudbury
Port Colbourne
Ont
International Nickel Co. of Canada Ltd
West Germany
Apollo
Neil Armstrong
Rhodes
Hanls Thieu
Appeals Court
Strike Force’ Eyes
Cong
Viet Cong
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