Market Sags For Second Week Amid Tax Talk And Rates
Stocks fell for the second straight week as higher interest rates and talk of a possible tax increase weighed on sentiment. The Dow dropped to 860.26. the AP average slipped to 423.0 as Xerox and AT&T led declines and overall volume mounted near the half year peak. Bond yields rose toward long-run highs, while half-year stock gains remained strong against year‑start levels.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
William McChesney Martin
Federal Reserve Board
Congress
Gardner Ackley
Dow Jones
Associated Press
Xerox
American Telephone
JNEW
York
Abbott Lab
Case JI
Chelb
Jindustries Nia Gas
Alberto
ieanAlum
Aled Mills Ta Ae
Alhed Pd
Baker
Bosch
Baest
T&t
Wotians
Mtchison
Vas
Nas Cornthas
Gai Inc
Bend
BenefFin
Benkin
BenFin
Benguet
Berman
Briat Mv
BwyHale
Bklynug
Brown Co
Ben's Pil
Bwoship
Bwoshaip Wi Bwashoe
Brunawick
Buckinghm
BucyEr Ta Budd Co
Budg Fin
Budg
Bullard
Bulova
Bunk Hill
Burl Judg
England
Jon By
Ferest
Local Briefs Note Visitors and Holiday Disruptions
Leslie M. Baker of Bristol Tenn formerly of Lubbock plans departure after a visit with his mother Mrs Ola B Stewart at 1920 9th St. Mrs J B Morrisset 2216 18th St hosts guests for Fourth of July including Orvie L Green of Santa Fe NM and Hollis L Green of Fort Worth. Stamp Club meeting canceled for July 4 holiday. US deputy district clerk office closed July 4 5 with reopening Wednesday. News also reports a car crash near the Lubbock Lynn county line injuring W S Reynolds and a separate injury in a Tahoka collision. Funeral services for Gary Dale Harris are pending. Harris died in Springfield Mo from gunshot wounds. Glen Vaughn of Earth undergoes right leg amputation after machinery accident.
MENTIONED IN THIS ARTICLE
Leslie M. Baker
Bristol, Tenn
Lubbock
Ola B. Stewart
9Th St
J. B. Morrisset
18Th St
Orvie L. Green
Santa Fe
N. M
Hollis L. Green
Fort, Worth
Gary Dale Harris
Franklin Bartley Funeral Home
Harris
Joseph Harris
Temple
Springfield
Rescue Mission May Aid Foreign Aid Bill
The Johnson administration plans a rescue mission to Capitol Hill to back the $3.1 billion foreign aid bill amid committee friction. Critics in the Senate Foreign Relations Committee stripped the President of power to add countries and cut key administration provisions. Officials hope to meet after the July 10 recess as Dean Rusk and Robert McNamara bolster the administration stance. The plan includes nearly $600 million for military aid and two year authorizations facing debate, with Vietnam and allied efforts in focus.
MENTIONED IN THIS ARTICLE
Robert T. Gray Washington
Johnson
Capital Hill
Senate Foreign Relations Committee
Middle East
J. W. Fulbright
D-Ark
Congress
Dean Rusk
Robert S. McNamara
Foreign Relations Committee
South Vietnam
Palleres
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