McNamara Seeks More Contact With China
The 1966 market rebound lifted the Dow to a noon gain of 7.74 at 871.88 after heavy early trading. the AP index rose 3.0 to 316.7 as brokers cited renewed institutional buying and a wave of late profit taking. A financial survey noted booming appliance sales and durable goods, boosting color TV and electrical equipment demand as auto output slows.
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McNamara urges two year service to curb conflicts
In a Chicago style speech to editors McNamara calls for bridging with Red China through balanced trade diplomacy and observer exchanges. He favors a two year national service program, military Peace Corps or development work to foster global cooperation and reduce the risk of war.
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