Week's Business Trend By H De La Chapelle
Market commentary highlights volatile Dow swings with intraday lows around 782 and new highs near 805. Discussion notes several stocks showing weak momentum and lists names such as Chrysler General Electric GM Standford California Edison and others. foresees a potential reversal toward 825 830 while warning about continued downside pressure on weak stocks.
MENTIONED IN THIS ARTICLE
H. de la Chapelle
Sahara
Dow
J Vechnadoy
Chrysler
Ard Oll
Atherjem California Edison
All
U.S. Stech Ag
Market decline halts gains as Dow nears 1984 low
The stock market suffered a sharp weekly drop with the Dow Jones Industrial Average down 24.06 to 730.56, the lowest since January 4, 1984, amid fears of inflation, recession, and currency devaluation. The broader average fell 8.9 to 280.1, its lowest since November 1963, with blue chips like American Telephone and General Motors slumping sharply. Trading volume was 40,501,854 shares with 1,366 declines and 433 advances.
MENTIONED IN THIS ARTICLE
Viet Nam
Dow
Igeneral Motors
U.S. Steel
Unruh Defends Los Angeles Against Eastern Criticism
California Assembly Speaker Jesse Unruh accuses Senators Kennedy and Ribicoff of misunderstanding Los Angeles and California problems. He urges them to apologize or correct their remarks on Mayor Yorba and metropolitan governance amid ongoing federal program discussions.
MENTIONED IN THIS ARTICLE
Sacramento
Robert F. Kennedy
D-N-Y
Abraham Ribicoff
Dconn
Los Angeles
Samuel Yorly
Assembly
Jesse M. Unruh
Ribicoff
Unruh
Kennedy
Jelse
Citizens’ of
Yorty
Yarty
Senate
Washington
California
Inglewood
Sem. Kennedy
Ana Naires
Hunt Foods reports over 500 million sales and higher profits
Hunt Foods and Industries Inc. announced total sales of 503.6 million for the year ended June 30, with net income of 14 million. Earnings per share rose to 2.01 from 1.72, and profits increased 17 percent from the prior year.
MENTIONED IN THIS ARTICLE
Hunt Corp
Fullerton
UPI
Hunt Foods and Industries Inc
Milllion
Reagan Attacks Brown Aide Firing At Fund Dinner
Reagan accused Gov. Brown of using the firing of an aide as a political maneuver at a Claremont Hotel fundraiser. He urged voters to see through promises and said Brown aims to portray himself as a middle of the road leader while pursuing a welfare chief resignation. Sportsmen pressed concerns over anchovy fishing and the impact on fishing stocks.
MENTIONED IN THIS ARTICLE
Olds
Igor
Betis
Bede Hues
Ak Asdnernlas
Sete
Hecorevett
Alberts
Wedainion
Wall Street
Ieee Niceas
Raferll & Gay
Eis
AL Jasheack
Corp
Bastante Salusinsy
Enat Brackay
Greermoch
Canadien Fund
Soren
Lee
Davesimt
Isaueretan
Yerreley
VPN
Ronaldy
Reagan
Edmand G. Brown
Jub Wedemeyer
Onva
Republica
San Francisco
UPI
Claremont Hotel
State Fish and GameCom
Tirovn
Wedereyers
Santo I Catalina
Santa Barbara Islands
Reagan Denounces Interference at UC Amid Aid Talk
Former Governor Ronald Reagan told a dinner crowd that Democrats misrepresented his stance on state aid for private groups aiding the poor and that he would keep politics out of the University of California. He also criticized UC students as a “small minority” causing degradation of the university’s name. Earlier in Oakland he labeled pacifist interference with Port Chicago shipments as treasonable and criticized President Johnson’s Southeast Asia policy.
MENTIONED IN THIS ARTICLE
Wedemeyer
Brown
University of California
Reagan
Nets
Oakland
Port Chicago
Johnson
Near Record Wheat Crop Seen In Soviet Union
Moscow reports a near record Soviet wheat crop this year with observers predicting about 70 million tons or more. Analysts note imports of 3.8 million metric tons abroad for delivery over the next year to bolster reserves. Official last year tallied 59.8 million tons. the record was 74.2 million in 1964.
MENTIONED IN THIS ARTICLE
Moscow
Soviet Union
State Faces 41 Million Fund Shuffle
Sacramento handling shows the general fund must borrow 41 million this month to avoid red ink. Controller Alan Cranston cites earlier borrowing than usual due to an accrual accounting system adopted by the Legislature. Iran began borrowing in October last year and money was repaid by late October.
MENTIONED IN THIS ARTICLE
Sacramento
UPA
Alan Cranston
Cranston
Iran
Calif Youth Stowaway on Transatlantic Flight
A one year old Los Angeles youth stowed away on an American plane from Gander to London. After British authorities refused entry, the airline advanced plans to fly him to New York. His mother paid his midflight fare to Copenhagen, where Pilot Capt Eric Monaghan reported no trouble as the child cooperated when questioned.
MENTIONED IN THIS ARTICLE
London
UPI
Los Angeles
Gander
Newfoundland
Copenhagen
Dennis
Kenna
Lawndale
McKenna
New York
Tios Angeles
Merged Papers in Pact With Pressmen in N Y
New York World Journal Tribune and the Pressmen’s Union reached a settlement after 27 hours of bargaining ending a 124 day newspaper shutdown. The agreement, announced by Local 2 leaders William Kennedy and Matt Meyer, will be voted on Sunday by union members. The new World Journal Tribune, created by Hearst Scripps Howard and Whitney interests, will publish pending the vote.
MENTIONED IN THIS ARTICLE
New York
World Journal
Tribune
Unio
International Printing Pressmen and Assistants’ Union
William J. Kennedy
Matt Meyer
World Journal Tribune, Inc
Hearst, Scripps, Howard and Whitney
Associatio
Crisis Over for Erhard in West German Politics
After days of turmoil West Germany's chancellor Ludwig Erhard reshuffles the cabinet replacing generals and signaling a shift in defense policy. Von Hassel remains in place while Gerhard Schroeder and other ministers gain influence as the crisis tests political stability and public reaction.
MENTIONED IN THIS ARTICLE
Erhard
Oslo
Stockholm
Isius
West Germany
Defense Ministry
Ths
Von
Gerhard Schroeder
von Haségel
Rhinsland-Westphalia
von Liassel Orhe Palilcies
von Massel T
Meyer
Pressmen's Union
Panitzki Clash Over Starfighter Reform in West Germany
Lt Gen Werner Panitzki challenges defense ministry plans to set up a new agency outside Von Hassel control aimed at raising the Starfighter safety record. The Starfighter remains a sophisticated plane whose crashes have fueled Social Democratic opposition and Erhard's political trouble.
MENTIONED IN THIS ARTICLE
Werner Panitzki
Air Force
Defense
von Hassel
West Germany
Hitler
Erhard
Panitzki
L A Police Chief Exam Set For October 15
Los Angeles Civil Service Commission says a competitive examination will be held October 15 to select a new city police chief. Thad Brown, appointed interim chief after the July 16 death of Chief William Parker, states he does not want the permanent post.
MENTIONED IN THIS ARTICLE
LOS Angeles i
Los Angeles Civil Service Commission
Thad Brown
Cief
William Parker
Also Mentioned on This Page
Havel
Lnst
Promin
Ee Beckman
Continent
Delines
Collins
CBS
Control Jala
Electronic Specialty
Fairchild Camera
Magnavox
Natonal Video
Polaroid
Raytheon
Mada St
Rayette
Telédyne
Texas Instruments
Western
Elf
ED Morse
Werner
Associated Press
L.A
Congress
Uinih
Fond
United Auto Workers Union
Hornet
Pacific
Wake Island
National Aeronautics and Space Administration
Pacific Coast Exchange
Calif
N.Y
New York Times Service
Wenge
Thomas
Hamilton
New “York
Timer Service
Bonn
L.A. Police
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