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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Dec 10, 1966
Page
4
The week shows intraday highs around 827 on November 16 with earlier highs 808 and 796, while lows winter into December. Analysts note the pattern of December holds, odds favor the market staying flat or rising with a test around 835 to 440 on a closing basis.
Washington reports November saw declines in both wholesale and retail prices signaling slower economic momentum. Food price drops led wholesale weakness while durable goods retail sales fell, with non durable sectors steady. Commerce data show rising inventories and cautious forecasts for early 1967.
Washington disclosed for the first time that the United States will not swap prisoners with North Vietnam and the Viet Cong. State Department spokesman Robert J. McCloskey said Hanoi rebuffed an offer to exchange 19 North Vietnamese prisoners for American airmen after attacks on U S vessels in the Gulf of Tonkin. Official sources noted prospects to resolve the issue through the Red Cross had been raised but rejected.
Marjorie Farber, 52, widow of William E. Farber, testifies she believes Dr. Carl Coppolino killed her husband. The courtroom buzzes as spectators crowd the scene and the defense argues natural causes.
Washington reports Rep. Melvin R. Laird warned that Johnson's war funding request could exceed the $9 to $10 billion level earlier outlined. He cited plans to spend more in weapons programs this fiscal year with deliveries extending into the next year. The discussion focused on a broader budget maneuver and the possible impact on GOP strategy.
The United Auto Workers sent a $90,000 partial payment to the AFL-CIO, halting a potential suspension over delinquent dues. Walter Reuther leads the UAW while Meany weighs the suspension rule amid broader efforts to address the prisoner issue with North Vietnam via indirect channels.
A salmonellosis outbreak traced to carmine dye used in foods drugs and cosmetics prompted U S Health Service officials to report four states affected and 27 primary and six secondary cases linked to the dye The dye manufactured in the United States colors tablets capsules syrups and foods and the investigation noted insects involved in production as the contamination factor The report also described potential US Britain talks on a stopgap plan affecting Rhine army funding and British bond purchases amid balance of payments pressures.
General Westmoreland aims to broaden public view of South Vietnamese role in the war and reduce the notion that the effort is mainly American. He urges clear credits to Vietnamese forces and joint actions in civic programs to show cooperative development in Vietnam.
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