Dow Advances on Strong Profit Reports and GNP Surge
The Dow Jones average rose about 25 points over two trading days to 935.36 as robust second quarter earnings from Chrysler and others join the 8.9 percent annualized GNP gain for the quarter. RCA IBM Kodak DuPont and Westinghouse posted strong increases while Polaroid Alcoa and Republic Steel fell. Monday marked the Dow’s best gain since November.
MENTIONED IN THIS ARTICLE
New York
Chrysler Corp
Chrysler
Ford
General Motors
RCA
Bausch &Lamb
Eastman Kodak
DuPont
IBM
Xerox
Westinghouse
Polaroid
Alcoa
Republic Steel
Nixon
U.S
Market opens with gains on strong economic signals
New York stocks rose for the third straight session with advancers outnumbering decliners by more than two to one. Treasury Secretary Shultz said the favorable economic trend would continue while brokers noted remaining concerns including possible effects of George McGovern's campaign on markets.
MENTIONED IN THIS ARTICLE
New York
First National City Bank
RCA
New York Stock Exchange
Treasury
Shultz
Joint Economic Committee
George McGovern
McGovern
Cincinnati Market for Cattle Hogs and Lambs Report
Slaughter steers, heifers and cows show varied shifts with cows and bulls mostly steady to higher. Feeder cattle and hogs move mixed, with prime and choice lambs around 31.00-32.00 and ewe values 6.00-10.00. weights and classes priced across multiple ranges in Cincinnati.
MENTIONED IN THIS ARTICLE
Cincinnati, Ohio
USDA
U.S
Chicago Grain Futures Snapshot From Monday
The Chicago Board data shows Wheat Sep 1.57 high 1.54 low 1.56 close 1.56 Dec 1.62 high 1.59 low 1.61 Mar 1.65 high 1.62 low 1.64 May 1.64 high 1.63 low 1.64 Corn Sep 1.26 high 1.26 low 1.26 Dec 1.26 high 1.25 low 1.25 Mar 1.30 high 1.30 low 1.30 May 1.33 high 1.32 low 1.33 Oats Sep 0.74 high 0.73 low 0.73 Dec 0.76 high 0.76 low 0.76 Soybeans Aug 3.50 high 3.48 low 3.49 Sep 3.35 high 3.33 low 3.33 Nov 3.21 high 3.19 low 3.20.
MENTIONED IN THIS ARTICLE
Chicago
Strikes Freeze Britain as Labor Conflict Deepens
The National Industrial Relations Court jailed five dock workers prompting official intervention from Solicitor Norman Turner. Prime Minister Heath faced a deadlock meeting with the TUC as broad sympathy strikes spread, closing ports, halting shipping, and risking food shortages across Britain.
MENTIONED IN THIS ARTICLE
London
National Industrial Relations Court
Norman Turner
Edward Heath
Heath
Trade Union Congress
Britain
TUC
Vic Feather
Feather
Labor Court
Laird Says Only Option If SALT Talks Fail
Defense Secretary Melvin Laird tells the Senate Armed Services Committee that if the second round of SALT talks fails to limit offensive nuclear weapons the United States may abandon its anti ballistic missile treaty with the Soviet Union. He warns key violations would undermine the agreement and urges continued efforts toward equalizing missiles and funding for the B1 bomber and Trident submarines.
MENTIONED IN THIS ARTICLE
Washington
Melvin K.laird
United States
Soviet Union
Laird
Senate Armed Services Committee
Defense Secretary
Satellite To Map Earth From Lompoc Launch
The ERTS satellite launched from Vandenberg will orbit every 103 minutes for a year and photograph the globe every 18 days to monitor crops forests fisheries water and soils. NASA officials say the mission could reveal mineral deposits fault lines and other resources while advancing space based earth observation.
MENTIONED IN THIS ARTICLE
Lompoc
Calif
ERTS
Vandenberg Air Force Base
Earth
Earth Resources Technology Satellite
South Pole
John Clark
National Aeronautics and Space Administration
Goddard Spaceflight Center
Greenbelt
NASA
Clark
East
Africa
Woman Injured When Car Hits Mailboxes and Bridge Abutment
A Middletown woman, Aileen Crismon aged 31 of 2916 MN Verity Parkway, received minor injuries after a West Todhunter Road accident near Monroe. Police say around 9 PM she left the road, struck three mailboxes and a sign post, then hit a bridge abutment before ending facing east in the eastbound lane. She was treated at Middletown Hospital and released.
MENTIONED IN THIS ARTICLE
Middletown
Todhunter Road
Fof
Monroe
Aileen Crismon
Verity Parkway
Middletown Hospital
Tax Rate Of Wealthy By Reuss On Loophole Incomes
Rep Henry S. Reuss says a Treasury report omits loophole income in measuring wealthy tax payments. He quotes Edwin Cohen noting 15,211 taxpayers earning $200000+ paid average $177,161 in 1970, a claimed 44.1 percent effective rate, while 18000 high earners under the minimum tax paid about 4 percent. Cohen prepared the report for the Joint Economic Committee.
MENTIONED IN THIS ARTICLE
Washington
Henry S. Reuss
D-Wis
Treasury Department
Treasury
Edwin S.cohen
Reuss
Cohen
Joint Economic Committee
Coast Guard Reco Verses Body Of Toledo Man In Lake Erie
The Coast Guard recovered the body of Charlies Topping age 45 from Lake Erie after his small boat capsized off Toledo. He drowned Sunday when the craft overturned in rough water near the harbor.
MENTIONED IN THIS ARTICLE
Toledo, Ohio
Coast Guard
Charlies Topping
Toledo
Lake Erie
Topping
Also Mentioned on This Page
TORO
Allied Stores
American Airlines
TGT
Armco
Ashland
Atlantic Richfield Wee Teen
Aveo
Bethlehem
Boeing
Brunswick
Continental Can
Teeter
Ceeeeeeetee
Curtis Wright
Deere Dayton Power & Light
Generalite
Goodrich
Greyhound
Hilton
Hoover
Martin
Mead
Uniroyal
U.S. Steel
U.S. Piywood 2Lhs
White Motors
Wickes Oe
Woolworth Zenith Xerox Ee
R Block
Lis Pitney Union Carbide Tent Teee
Middletown Securities
First Bank Group
First National Bank
Mutual
George Putnam Bal
Dreyfus Fund
Wellington Base
Fidelity Trend
Washington Mutual
Puritan Fund
Channing Special
Manhattan Fund
Inv. Co
American
American Express
Wall Street
Dayton Livestock
Financial Service
Central Ave
Middletown, Ohio
Versailles
Cincinnati Livestock
Chicago Grain
Shirley McCloud
Beauty Nook
Consolidated Edison Co
Queens
Strke-Bound
England
Lapital
Henry M. Jackson
D-Wash
Poles
Foy Johnson
Oswalt Tile
Bethel Assembly
Charles St. Middletown
Ohio
Herb Stevens
The
Holy Spirit
Tom Patton
Navy
Mankamericare
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