Week's Market Swings End June With Hopeful Turnaround
The New York stock market rebounded after a volatile week. The Dow rose 20.80 points to 875.16, the Dow Jones 60-stock average gained 8.3 to 321.1, and volume surged to 33.86 million shares. Treasury bonds fell despite large Fed purchases, and a $359 million gold loss weighed on sentiment.
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Common Market farm experts draft crisis ending proposals
Europe six nations rush to finish agricultural proposals as neutral executive committee aims to complete by week’s end for government review in July. Any merger rejection could trigger a renewed, fatal crisis for the Common Market, with ministers meeting July 26 to decide the draft.
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Executive Commission
U S to widen fight on racial discrimination in public rooms
Justice Department spokesmen said the government will broaden its attack on public accommodations discrimination. They noted strong first year compliance with the civil rights act but foresee new legal tactics against private clubs and integrated establishments still practicing segregation.
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CORE Planning Finance Appeal To Erase Debt
CORE says it is $250,000 in debt and will launch a stronger fundraising drive to cover about $900,000 in annual operating costs. Alan Gartner, CORE’s fundraising director, cited average contributions of $750,000 over three years and outlined aims for $1 million yearly income. A house to house solicitation in Durham’s Negro neighborhoods is planned, with delegates visiting white and Negro churches to solicit funds.
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