Week's Market Trend and Tax Cut Talk Amid Dow Dip
The Dow fell about 44 intraday points from February highs, easing an overbought run after January gains. Markets showed mixed signals with new highs near 96 and a broad breadth of activity, while a state tax relief bill proposed by Assemblyman Hayes aims to ease diesel taxes for transportation operators, potentially saving $2 million annually.
MENTIONED IN THIS ARTICLE
Avira
Johnson
Congress
Chine
Dhe Djl
Sacramento
Dow
James A
Hayes
A-Long Beach
Nysejthor
Financial Lye
Hus
Bill Would Exempt Buses From Diesel Tax
State lawmakers consider a bill granting tax relief to bus operators by exempting diesel fuel purchases from the state diesel tax. The proposal aims to lower operating costs for urban and school bus fleets and could affect transit budgets.
Pacific Coast Exchange Gains Amid Tax Credit Hope
Friday's market activity on the Pacific Coast Exchange rose modestly after a broad session. Investors anticipated a favorable investment tax credit restoration, lifting several strong issues and supporting a broad front despite a generally indecisive week.
MENTIONED IN THIS ARTICLE
Pacific Coast Exchange
DoorOliver
Squace D
Evans Prod«fuels
New York Air
Bucyrus E
Gardner Newvee
Caterpillar Tractor
Reuther Denies Labor Split Aims in UAW Row
Walter P. Reuther, UAW president, says he does not seek to split the labor movement but to revitalize it. He rejects Meany’s charges, warns UAW will not sign industry wide contracts without a guaranteed annual wage, and argues for pay for all workers similar to executives. He notes a split with AFL-CIO leadership after resigning from the federation’s policy council.
MENTIONED IN THIS ARTICLE
Detroit
Walter P. Reuther
United Auto Workers
George Meany
Reuther
Reucher
Afl-Cio Federation
Meany
Chaos at Ohio U as strike halts campus life
Chaos erupted after 15 000 students were released two weeks early for spring vacation due to a strike by nonteaching university personnel. Check-cashing machines failed, the Athens National Bank branch closed, traffic clogged every street and interstate, and the bus station and telephone lines were jammed. Reuther signaled a bold plan to mobilize white collar workers and other groups into a new dynamic labor movement.
MENTIONED IN THIS ARTICLE
Athens
Ohio
Ohio University
Athens National Bank
Reuther
Afl-Cio
Verbut
R. Alden
UAW
Perent
Ier
University spring vacation move sparks student strike
The university planned an early spring vacation to March 25, saying it lacked enough staff to maintain health and safety standards. Officials warned the change might close the university and hurt academic credits, while students and the student government joined striking employees in protests.
MENTIONED IN THIS ARTICLE
Dr. Alden
Race Car Man Dies Amid British Leader's Birthday Observance
Tony Van dervell, builder of a $25 million London based company and prominent racing figure, died Friday in London. Harald Wilson attended a hearing and noted the family gathering at Downing Street marking a quiet birthday observance. The death ends a notable career tied to the car industry and political circles.
MENTIONED IN THIS ARTICLE
London
Tony Vandervell
Prime Minlion
Harald Wilson
Luce Estate Leaves Major Heir to Time Inc Control
New York reports Henry Luce, founder of Time Inc, died February 28 in Phoenix Arizona. His will names Clare Boothe Luce his principal heir and places about 12.7 percent of Time Inc stock into a foundation with six members. The estate, valued around 690 million, funds the Henry Luce Foundation which supports Wellesley College and Taiwan University.
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New York
Henry & Veritorial
Time, Inc
Luce
Phoex
Ariz
Clare Boothe Lune
Henry Luce Foundation
Wincipal
Time, Inc. Communications Empire
Henry Luce
Wellesley College
Tai ‘van University
Henry Relyind
Peter Pain
Elza
Lucy Moore
Maurice T. Moore
Jan and
Roy &. Larsen
Charles L. Stillman
Luece
Foundation
D ‘Tite
Commmon
New York Stock Exchange
rail workers urged to settle wage dispute now
About 137000 rail workers face a threatened April 12 strike that could halt much of the nation's rail traffic. An emergency board urged a 5 percent across-the-board raise and a no-year contract retroactive to January 1, with talks resuming next January on general wage increases. The board noted wage gaps between skilled and unskilled workers and warned a flat hike worsens pay disparities.
MENTIONED IN THIS ARTICLE
Washington T
Johnson
Afl-Cio
Partes
Jan Oaly
Wokey
David Ginsgurg
Washington
Free Airline Movies May Fade with $2 Charge Planned
The CAB plans a $2.50 per passenger charge for in flight movies on international and domestic flights. Three airlines Trans World United American proposed the fee to offset entertainment costs. The Justice Department warned the plan could violate antitrust laws and limit airline innovation.
MENTIONED IN THIS ARTICLE
Washington
U.S
Civil Aeronauticsing
United
Servite
Justice Department
CAB
Pale Regula
Prefera'systems
Ole
Ture Association, Inc
Justice Departments
I Sail
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H. E. LA Chapelle
Webber, Jackson & Curtis
Newton D. Zinder
E. F. Hutton & Co
Standard & Poor
Rive
Sperry Rand
Chromatiny-American
Cessna Aircraft
Collins Radio
Lear-Singler
Mead Johnson
Philips Electronics & Pharmaceutical
QNSUR
ANGI
Allyn & Baron
Marah & Melan
Marath
Marsh Indi
Abs I Matheson Cougla
Lesn Ind Inc
Ins Co
Manorex Corp
Arcanaul
Ns Jeneticiet
Teaanna Tr
Lin
Bonneville Sywa
Feoy
BB Mulken Co
Restern
Mass Pat Ambinet
Arie Agro Chem
Auto Jonarch Nath
Cana General
Sonai Mar
SUIS
Ayos Educators
Ten Pac
Emaire Lie
Art Fetal
The
Neiman Akardy da
Helen Ichols
Senker
Elena
Ocumilum i
Vance-Decline
Franklin
Beaut Cons. Inc
Dow-Jones Indussind
Ameries
Helins
Vneslor Berkshr
Qregon_ Metal
Ain Core
Eim A
Big G
Sirs Inc
Bonanza Air
Grestamerica
Hanover
Parky Ger Inc
Euley Peae
Cal
Gas Hay Peter Paul Inc
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Jefferson Sid Lie
Petroles
Colma Eng Roberts Consol Nerihiver
Colwell
Commie Bouin
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Parttle
Nein
Coma & Shwe
Ole A Rockwell Mia
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Gia Agers Bros Provid
wWask
Reputlie
Nat St Paul Frm
BP Ic
Sma Rucker
Ra iSeven
Dicks Glee
Sterra Pac
Wien
Inited
Ins
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Sted
Simon &Schuster
Eid Guarant Ae
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Gia
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Domaz
Skaggs Pay
Skaggs
Eis Veikswagen
Sovie
Dane
Smith “Indus Westchester
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Pal Water
Unian
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ANA
Economics Lab
Southwest Gas
Bankers Trust Charter KY Traits
Electrotux
Mei
Res & Gen
W Stater Bros A
Wisro Incary
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Meadow Brook
Esa
Carner Bros
Morgan Guarante
Flactwood
Texas Capi Corp Taxas Am
Ermal Power
Brocker
Fid Bank
Indus of Furs
Nat Bk
Karanycon Lines
Kirst Wat Bk
Taye Hegel
Hal
Maruti da
Hoover Co
Trica
Ata
Handa
Monica
itHynter Inform Tien
Indus
Nian Banke
Rf Kinstra Tim
Ea Utd Corp
Faroo
Co 14
VP & Savinot
Lonn
Bert Pac P
Amre
Viviane Woodard
Henrysnt
Columbia Bbl
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ACME
Paul Hofmann
New York Times Service
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Karl Blake
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Salonice
Asda Incelie
Ina&Bank
Revere
Hhvast Co
Wal Scudder Funds
Cuttedian
InvestBa
Teadman
Fe Ina
Consum
Inca
Texas
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Kevekbek Ant Inc
Ivers
Knickenceck
Larard Fund
Sivinend
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Fane
Mass Inverl
Army
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Wellington
Ita
WuluAl
Rai! Peace Luce
Time
Life
Fortune
Time-Life
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Tous
Snottfman
Kaiser AL Kaiser
Nseu Ir
Te Nordan Co
Secheital
Rae Lishnina
MD Pac
Irich Corp
SoCal
Seaboard
Fansamerica
Wes Bancorn
Witlstrin Gil
Ito
Long Beach
OCEAN
Gereat Entrance
Phowe Hemlock
Bru
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