Market Rally Surges on Rome Talks and AT&T Block Trade
New York AP reports stocks rally as Rome talks boost sentiment with a potential breakthrough in international monetary discussions. The Dow Industrials rise 5 to 840.32 at noon while NYSE sees more advances than declines. A large 12 million share AT&T Global warrants block trades at 264, marking a historic unit volume amid buoyant market breadth and bargain hunting.
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Butz Launches Private Lobbying for Senate Confirmation
Washington reports Earl L. Butz, nominated as agriculture secretary, faces a divided Senate as the Nixon administration intensifies private lobbying efforts to secure his confirmation. The battle highlights tensions between small and large farm interests and brings attention to Butz’s connections, with limited endorsements from major agricultural groups.
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Sheffield Ranch Sale Is Talked
In San Angelo this week an auction neared on the 1000 acre Sheffield Ranch near Sheffield. Blackstone reported bids top at 17.50 an acre, while negotiations continue with many interested parties and heirs attributed to the property. The sale involves both residence and business property, with tax implications discussed for capital gains and office-expense deductions.
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