Market taxed by Nixon tax credit proposal amid inflation debate
Stocks slid on President Nixon’s recommendation to repeal the 7 percent investment tax credit while proposing a reduced income tax surcharge. Corporate leaders like Armco Steel and Monsanto urged keeping the credit, saying it spurs modernization and U.S. competitiveness. The market covered mixed signals as inflation worries and global unrest weighed on sentiment. The UPI index fell 0.99 percent to 123.65, with 811 declines and 750 advances among 1,700 issues. NYSE rose modestly and S P 500 gained 0.48.
MENTIONED IN THIS ARTICLE
Howard Luxenberg
UPI
New York
Nixon
Congress
Big Business
Armco Steel
C. William Verity Jr
Monsanto Co
Monsanto
U.S
Wall Street
Europe
Middle East
Korea
Vietnam
Standard & Poor
Court arraigns James Scalise on assault with a deadly weapon
James Scalise 50 of Santa Barbara was arraigned in Lompoc Justice Court on assault with a deadly weapon after a shooting that injured a Lompoc man. Richard Smith 40 received care at Lompoc Hospital then Cottage Hospital Santa Barbara and Goleta Valley. Both victims and suspects are deaf mutes. Scales released on own recognizance with preliminary hearing set May 14. Spaghetti dinner May 6 to aid Patti Beattie Flower Festival bid. Firemen fought a freight car blaze at Sudden Ranch. controlled by 5:05 a.m. Minor scooter-car crash on Locust and E Street injured Lawrence Burch 20. damages moderate.
MENTIONED IN THIS ARTICLE
James Tony Scalise
Santa Barbara
Lompoc
Ocean Avenue
I Street
Scalise
Lawrence Burch
E. College Ave
Martyn T. Hancock
University Dr
Locust Avenue
E Street
Suspect Arrested in Haight Ashbury Triple Slaying
Robert M. Jahmelik, 35, known as Spade Bobby in San Francisco, is jailed on suspicion of murder after admitting he witnessed two victims use narcotics before three youths were executed in a Hayes Street apartment. Police say the victims Cindy Taylor 19 Daly City Margaret Fochtman 18 Cleveland and William Oswald Jr. 24 Concord were forced to kneel then shot.
MENTIONED IN THIS ARTICLE
San Francisco
UPI
Haight- Ashbury
Bobby
Robert M. Jahmelik
Jahmelik
Hayes Street
Cindy Marie Taylor
Daly City
Calif
Margaret Jo Fochtman
Cleveland
William Joseph Oswald Jr
Concord
Miss Taylor
Bill
Cindy
John Fotinos
Fotinos
Oswald
William J. Oswald Sr
University of California In Berkeley
Edmund Fochtman Sr
John Marshall High School
Shirley Taylor
Obituaries for Susie Hixson and Maria Silva noted
Funeral services for Mrs Susie Hixson will be Monday at 10 a.m. at McPeek Family Mortuary Lompoc with burial at Lompoc Evergreen Cemetery Chaplain Robert Jensen officiating She died suddenly at home on Van Denberg Air Force Base born December 19 1924 Emerson Arkansas age 44 She is survived by her husband M Sgt William Hixson and two sons Also noted Maria D Silva a longtime Santa Maria resident died recently in Santa Maria and leaves two sons Edward Manuel Silva two daughters Mary Machado Lucille Gamble Thelma Sounza Maxine Silvera a brother Joaquin Faria two sisters Mary Bello Theresa Silva twenty one grandchildren and twenty four great grandchildren Rosary 830 Sunday Magner Funeral Home Santa Maria Mass 11 a.m. Monday Our Lady of Guadalupe Church Santa Maria Burial Santa Maria Cemetery at St Marys of the Assumption Father Kieran Marum officiating
MENTIONED IN THIS ARTICLE
William
Susie) Hixson
McPeek
Lompoc
Lompoc Evergreen Cemetery
Robert S. Jensen
Hixson
Vandenberg Air Force Base
Emerson
Ark
William Hixson
William Jr
Larry Ray
Maria D. Silva
Santa Maria
Silva
Edward
Manuel Silva
Mary Machado
Lucille Gamble
Thelma Sounza
Maxine Silvera
Joquin Faria
San Jose
Mary Bello
Theresa Silva
Magner
Anthony Cambra
Our Lady of Guadalupe Catholic Church
St. Mary’s of the Assumption Catholic Church
Kieran Marum
Bill to outlaw pay toilets stalls in California
Sacramento bill to ban pay toilets in public buildings fails in the Assembly government administration committee. Sponsor March Fong smashes a toilet on the capitol steps to rally support. six members present vote dead, with no formal tally.
MENTIONED IN THIS ARTICLE
Sacramento
UPS
Assembly Government Administration Committee
Carl A Britschgi
Redwood City
Britschgi
Capitol
Plea for new Sirhan trial delayed for week
Sirhan B. Sirhan waits as Judge Herbert V. Walker grants a one week delay to the plea for a new trial. Defense counsel Grant B. Cooper cites a scheduling conflict as the reason for moving the May 14 hearing to May 21.
MENTIONED IN THIS ARTICLE
Sirhan
Jack V. Fox
Los Angeles
UPI
Sirhan B. Sirhan
San Quentin
Grant B. Cooper
Herbert V. Walker
Cooper
Robert F. Kennedy
Walker
Mires elected housing vice president for N A H R O chapter
Richard Mires Jr executive director of the Housing Authority of the County was elected vice president in charge of Housing for the Central California Chapter of N A H R O at a Stockton meeting. The chapter is part of the Pacific Southwest Regional Council and N A H R O runs nationwide workshops to share programs and operations with local agencies.
MENTIONED IN THIS ARTICLE
Richard Mires, Jr
Housing Authority
Central California
N.A.H.R.O
National Association of Housing and Redevelopment Officials
Stockton
Calif
Pacific Southwest Regional Council
National Organization
Minuteman II ICBM Launches in training Exercise
A Minuteman II ICBM was launched from Van denberg AFB at 10 a.m. by a missile combat crew from the 321st Strategic Missile Wing based at Grand Forks North Dakota. Officials called the launch a training exercise.
MENTIONED IN THIS ARTICLE
Vandenberg Afb
321St Strategic Missile Wing
Grand Forks
N.D
Also Mentioned on This Page
Daily Record
Lompoc Kiwanis Club
Grange Hall
Patti Beattie
Vandenberg Village
Hamer
Lakehurst
N.J
Germany
By Tracy Wood
Kennedy
Israel
Mires
Assoc
Jons
Christ Cam
A.m
WLI “Pri
Lompoc Airport
For
Lompoc Record Newspaper
Carrier Boys
Emmie Lopez
Pemmie Lopez
Epi O. Lopez
North E Street
Pemmie
Gary Nightingale
Merton S. Nightingale
Hawthorne
Vafb
Gary
Vandenberg Junior High
Boots & Bows
Jeff Niesen
Joseph Niesen
North 3Rd Street
Jeff
Bob Gaston
Connecticut Mutual Life
Lompoc Valley
Bob J. Gaston
H’ St
Blue Chip’ Company
Regent
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