Market Decline Deepens After Mixed Economic News
The market faced its sharpest drop in over four weeks as early losses widened before a late-hour rally trimmed some declines. GM slumped to its lowest since mid 1964 amid antitrust and SEC actions, while technology and copper stocks showed mixed results amid broader softness across industry groups. Dimmed sentiment followed adverse court and merger rulings along with disappointing auto data, though some electronics and aluminum issues nudged higher toward session end.
MENTIONED IN THIS ARTICLE
Ree
General Motors
Supreme Court
Great Northern - Northern
SEC
Georgia Pacific
Arastic
Hovercraft ferry service begins Across the Channel
The first regular hovercraft ferry across the Channel between Britain and France started today. The report lists ships, ports, and terminal activity including references to captains, banks, and various vessels in port, reflecting a busy inaugural operations day.
MENTIONED IN THIS ARTICLE
Dover
Eng
Channel
Britain
France
C of C to End Overseas Curbs Urged by Business Leaders
Washington delegates at the 54th annual U.S. Chamber of Commerce meeting urge President Johnson to end voluntary overseas investment curbs. They argue sustained foreign operation expansion yields long term gains, oppose mandatory curbs, and warn against worsening dollar outflows. The proposal seeks to keep the issue alive amid the balance of payments debate.
MENTIONED IN THIS ARTICLE
Chamber
Johnson
U.S
Schlitz Appeals Divestment Order in Burgermeister Case
Schlitz Brewing Co filed notice it will appeal to the U S Supreme Court a judgment ordering divestment of Burgermeister Brewing Corp and its stake in John Labatt Ltd of Canada. The judge in San Francisco ordered Schlitz to stay out of California brewing for 10 years and barred further acquisitions.
MENTIONED IN THIS ARTICLE
San Francisco
Che
Joseph Schlitz Brewing Co
Supreme Court
Schlitz
Burgermeister Brewng Corp
John Labatt Ltd
Canada
Stanley
Weigel
California
Toronado and Cadillac recall notes reveal defects
Detroit based General Motors said thousands of 1866 Toronados and 1864 Cadillacs had defects with wheel lugs and bead latches. Some Toronado lug nuts were over tightened risking wheel detachment. Cadillacs carried faulty bead latch that could blow open. About 23,000 cars had latch issues with 959 percent replaced. Oldsmobile did not indicate a safety hazard, with dealers restoring some cars.
MENTIONED IN THIS ARTICLE
Detroit
UPI
H Motors Corp
Frigjday
Automaker
Cadillac
Oldsmobile
U S Denies Urging Change in NATO Nuclear Strategy
The Defense Department denied reports that Secretary McNamara proposed a new automatic nuclear response to defend NATO. The Pentagon stressed no shift in U S policy, noting discussions focused on improving alliance participation and planning rather than altering nuclear use rules.
MENTIONED IN THIS ARTICLE
Washington
Defense Department
Robert S. McNamara
NATO
London
United States
Pentagon
McNamara
Coutier
U.S
Iron Curtain
Jnemy
Europe
France
Brown Says U S Wary on Fish Treaties
Sacramento reports Governor Edmund G Brown says the United States is cautious about treaties with Russia over North Pacific fishing rights. He cites discussions with Secretary of State Dean Rusk and notes concern over Russian traders off Oregon. Federal officials will monitor Russian catches to assess impact.
MENTIONED IN THIS ARTICLE
Sacramento
UDI
Edmund G. Brown
U.S
Russia
North Pacific
Brown
Dean Rusk
Washington
Oregon
Rusk
United States
Canada
Fiats Valletto Resigns, Voted Honorary President for Life
Vit Vallétta announced resignation as Fiat Works president, the man who built the company into Europe's largest auto firm.Shareholders voted by acclamation to name Vallétta honorary president for life.
MENTIONED IN THIS ARTICLE
Turin
Maly
UPI
Storia
Three Convicted in Money Firms Case in California
B L Suh his mother Margaret Wierman and William Arthur Richards were convicted of 49 felony counts involving embezzlement of 427124 dollars in the collapse of two money order firms. Sentencing set for May 27 others face delays. Ronald Vaughn pleaded guilty earlier and faces June 8 sentencing. Indictment says funds diverted from two currency firms and accounts at Frontier Bank of Covelo.
MENTIONED IN THIS ARTICLE
Los Angeles
B. L. Suh
Margaret Wierman
Wliam Arthur Richards
Joseph A. Wapner
Suhl
Sherman Oaks
Calif
Security Currency Ltd
American Currency Ltd
Brentier Bank of
Cavelo
Mendocing County
Cal
King Urges Defeat of Sheriff Clark in Alabama Drive
In Selma King rallies Negro voters to back strong turnout for the Deltio primary, urging a solid, unified vote to defeat Sheriff James G. Clark. He ties voting rights progress to ongoing civil rights demonstrations and cites Selma as a historic center of the movement.
MENTIONED IN THIS ARTICLE
Selma
Ala
Maclin Luther King Jr
James G. Clark
King
Clark
V* King
Semma
Alabama
Neprogs
Fred L. Shuttlesworth
Cinccinnati
Wison Baker
Selma Public Safety
Dallas County
Camden
Wilcox County
Walter J. Calhoun
Calhon
Lisman
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Business Trend
Newton D
Zinder
F Button & Co
Reriren
Earl Lier
Daw-Jones
Standard & Poor
Dow-Jones
IRC, Inc
Consolidated Electronics Industries
General Instrument
American/S ‘Bosch Arma
Reveral Copper & Brass
General Tire & Rubber
Mteo
Nevanteas
Ieee
Ifeentat Bank
Sricugn
Ater Haraies
Bea
al Ensen
Bn i Famers
Éta
el Pac
Cosaaliaet
Heenve Wal Fund Brewere
Granthee Agesans Invest
Weibgtan Bot
Wehiekali
Singer
Macen Corp
Mit
Marina Gratiot
Ace
Melean Caus Inc
Lee
Joe
Nicholson
Hutamenion
Heyy
Lone Stendti Heay
Feaver Free
Smrark Indus
Herre Fliaes
Aiscina
Bruntwin Grup
Brecher
TV Eat Industries
Veszel Pisgie
Zee A Inunsgand
Gerd
Ascin
Banvers Frost
Bay
Seth Enemer Bray
Eran
Davis Salman
Snana Auetener
WEA
Ising
Berrestieres
Bian Ripanateta Ag
aSepumsen Ares
Ariscag Baek
Achar
Feenstare
Renny, Bancorn
da Faber
Telefe
Havre
Eore
NS. Nav
RSA
Mariner Berourn
Montene
Orig
fRantedowick Caven
Talitos Sightson
Pacific Coast’ Exchange
Way
Gma Ras
Menasca_ Mig
C of C
Treasury
Henry H. Fowler
Viet Nam
Fowler
Defense
Commerce
John T. Connor
Labor
Willard Wirtz
Piss
University of Washington
Kathi Gillmer
University
Health Sciences Department
Seattle
Diana Stott
Mr. Wallace
Mr. Flowers
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