Bush deflects pardon talk as North verdicts come in
President Bush’s spokesman refused to discuss a potential pardon for Oliver North as jurors recount deliberations over North’s three Iran Contra convictions. Fitzwater said there had been no discussion of a pardon and offered no comment on the verdicts while North prepared to appeal. Jurors spoke of a close, shared effort and noted the toughest count involved the $13,800 home security system, with North found guilty of taking the system from Richard Secord and of altering NSC documents.
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Stocks Still Headed Down Amid Mixed Friday Trade
The Dow fell 2.94 to 2381.96 as the market closed mixed after an early gain. Volume on the NYSE reached 180.81 million shares with 820 advances, 603 declines, and 539 unchanged, amid signs of slowing economic growth and uncertainty over Fed inflation efforts.
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Washington apple growers pull ad buys over 60 Minutes Alar report
Yakima AP Washington State Fruit Commission pulls 71 000 worth of TV ads for Northwest cherries on CBS affiliates in St Louis Atlanta and Tampa to protest 60 Minutes coverage of Alar. Growers report a 9 percent weekly sales rebound and seek united stance while NRDC findings sparked industry backlash and price drops remain 3 to 4 below February levels despite shipments rising to 1.46 million boxes week ended Thursday.
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Weekend Market Report Finds Mixed Movements Across Markets
Precious metal futures eased on the New York Commodities Exchange with gold and silver lower as June gold settled at 379.60 an ounce and May silver near 5.598 dollars per troy ounce. Grain futures rose on the Chicago Board of Trade amid export hopes while energy futures fell on expectations of gasoline surplus. Live cattle and hogs showed mixed moves on the Chicago Mercantile Exchange with various price ranges and weight categories listed for KC Livestock and regional feedlots.
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