Market rally halts steep weekly stock drop
A Friday hourlong rally ended the week’s steep slide in stocks, muting losses from a turbulent period. The Dow finished around 902.83, marking the worst week since 1962, with investors weighing GM resuming plant operations and Fed policy signals as the market sought a buying opportunity.
MENTIONED IN THIS ARTICLE
Sidney B. Lurie
Josephthal & Co
Robert H. Stovall
E.F. Hutton & Co
General Motors
Gardner Ackley
Johnson
William McChesney Martin Jr
Federal Reserve Board
Martin
Radio Corp. of America
Texas Gulf
Red Cross to Seek Protection for U.S. POWs in Vietnam
Ambassador Harriman said the Red Cross agreed to take steps toward protection for American POWs in Vietnam after Geneva talks. He noted no evidence of deliberate mistreatment but stressed access and mail privileges remain blocked by North Vietnamese and Viet Cong captors.
MENTIONED IN THIS ARTICLE
U.S
Washington
W. Averell Harris
Red Cross Committee
Viet Nam
Texas
South Viet Nam
Geneva
Harriman
United States
Samuel A. Gonard
State Department
North
Red Cross
Pizzas Distract Robber in Paterson Nighttime Heist
In Paterson New Jersey a thief robbed Benne Warer of pizzas instead of cash after a man walked up Friday night and pressed a knife to his back. The thief took the pies and fled. no money was demanded.
MENTIONED IN THIS ARTICLE
Paterson
N.J
Benne Warer
Walker
Convicted killer surrenders in Kidnap Case Aniston
Hubert Damon Strange, once convicted last year for the night rider slaying of a Black factory worker, surrendered to police on kidnapping and beating charges. His brother John Strange was also taken into custody for allegedly aiding, after Walter Gortney said he was beaten and left in a secluded area.
MENTIONED IN THIS ARTICLE
Anniston
Ala
Hubert Damon Strange
Strange
John
Walter Gortney
Gortney
John Strange
Willie Brewster
U S Business Team Heads to Paris for Talks
A U S business delegation led by former Treasury Secretary Douglas Dillon arrives in Paris for discussions with French officials. The aim is to improve Franco American political relations while strengthening commercial cooperation between the nations.
MENTIONED IN THIS ARTICLE
Paris
UPI
Sip
Treasury
Douglas Dillon
New York
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