Teamster Engineer Pact Shapes Southern California Strike
Unions contend over a two week old construction strike in Southern California luring the Teamsters and Operating Engineers toward a broad alliance that could see open shop tactics. Leaders warn wage demands risk an industry collapse while contractors, many using open shop methods, watch for a shifting balance as talks resume after a Los Angeles meeting.
MENTIONED IN THIS ARTICLE
Souther California
Witnass
San Diegd
San Bernardino
Riverside
Teamsters
California
Galiforss
Califor
Ftnia
Los Angeles
Joe Seymour
Seymour
Market rally slows as profit taking dampens gains
New York stocks staged an uneven session as profit taking trimmed the rally. The Dow Jones industrial average closed lower by 62 points at 186.05 amid widespread declines. Du Pont slipped after a modest earnings report while Western Union fell on active trading. Philip Morris rose on record quarterly profits, and the day saw brisk trading on the American and New York exchanges as investors weighed inflation signals and a cooling wholesale price rise.
MENTIONED IN THIS ARTICLE
New York
Jay
Thom R. Brown
Are Hause
Butcher & Singer
Larry Wachtel
Ballie & Co
Dow
du Pont
Western Union
Ny&e
Philip Morris
American Stock Exchange
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