Prime rate boost stanches market rally in thin Thursday trading
A move to raise the prime rate by Morgan Guaranty Trust and other banks reversed a sharp stock rally, sending the Dow Jones Industrial Average into negative territory after an intraday high near 941.42. Traders watched a volatile session as volume topped two million shares and leaders shifted, signaling a possible new market phase amid renewed rate fears.
MENTIONED IN THIS ARTICLE
Morgan Gueranty Trust Co
Ipoor
Bell
Three San Francisco workers awarded 175000 for 1932 debris incident
In San Francisco Superior Court a jury awarded $175,000 to three Bay Area workmen buried under tons of debris during construction of the San Francisco Federal Building in 1932. The verdict came after 66 days of testimony and 12 hours of deliberation by an eight man four woman jury.
MENTIONED IN THIS ARTICLE
San Francisco
San Francisco Bay Area
Over the Counter Friday Quotations and Market Glimpse
A dense clipping mixes quotations and stock table fragments, listing prices, traders, and firms. Names like Securitus Dealers and Br ice Tea appear among scattered figures, dates, and market cues, creating a jumbled canvas of late era financial chatter.
Nader and California move on constitutional reform
California lawmakers eye a constitutional revision after a special commission urged sweeping changes including pay raises and annual sessions. Governor Brown allows debate on separation of powers while excluding executive and civil service provisions. Nader, famed for Unsafe at Any Speed, faces scrutiny amid a string of bizarre incidents surrounding his book and testimony.
MENTIONED IN THIS ARTICLE
Ralph Nader
Safer Automobiles
Orange County Superior Court
Bruce Sumner
Brown
Revision Commission
Executive Branch
Civil Service
Senate
Assembly
Wirel
Washington
Editor in Mobil Economy Run Opens With Powerful Plymouth
Bruce Young, editor in Mobil Economy Run, drives Detroit’s 1968 Plymouth Satellite with 425 horsepower. Co-driver Bob Fender of the New York World Telegram and Sun joins the trip, which starts Monday at 6 am from the Ambassador Hotel and ends the following Sunday in Boston.
MENTIONED IN THIS ARTICLE
PT Motor Sports
Bruce Young
Detroit
Ambassador Hotel
Brute
Bob Fender
The
New York World Telegram and
Sun
Young
Boston
State Postpones Decision on Raid of Oil Tax Funds
Sacramento Friday postponed until March 31 a decision on raiding $160 million in county local oil tax revenues from the Long Beach tidelands. A two page staff memo to the State Lands Commission says the plan could yield $160 million over 35 years, $15 million more than earlier estimates. Gov Brown has pledged no raid while Commission delayed action to March 23 for further study.
MENTIONED IN THIS ARTICLE
Sacramento
Long Beach Tidelands
State Lands Commission
Commission
Joseph Kennick
Dlong Beach
Hate Champion
State Lands Memo Notes Tidelands Impact on Long Beach
A memo from the State Lands Commission indicates the primary impact of the lava would fall on the Long Beach tidelands in Los Angeles County, affecting Long Beach operations and planning. The document emphasizes how coastal areas near Los Angeles would absorb the initial effects and require regional coordination.
MENTIONED IN THIS ARTICLE
Ating Gao Werttento
State Lands Commission
Long Beach
Tidelands
Lon
Angeles County
Aerojet Reaches New Union Pact
The United Steelworkers AFL-CIO and Aerojet General Corp. reach a contract covering 650 production and maintenance workers at Downey and Fullerton plants. The agreement runs to Aug 3, 1968 and includes wage increases, retroactive to July 1945, enhanced benefits, pension and insurance improvements, and an expanded dental program.
MENTIONED IN THIS ARTICLE
United Steelworkers Union
Afl-Cio
Aerojet General Corp
Downey and
Fullerton
California Farm Labor Strike Urged
In Sacramento the leader of a six month strike against grape growers in De Ane California calls for a general strike by farm workers across California and other states.
MENTIONED IN THIS ARTICLE
California
Sacramento
UPD
Deane
Calif
Spotter Plane Pilot Decorated for Big Kill
Cezar Chavez urged that only a major strike could lift agricultural workers into the modern era. He spoke at a fund raising luncheon for De Jono strikers, denouncing poverty programs and insisting farm workers face discrimination and slow aid delivery.
MENTIONED IN THIS ARTICLE
Cezar Chavez
Chavez
Court Bars Union's Fines for Crossing Picket Lines
The U S Court of Appeals in Chicago ruled 4 to 3 that labor unions cannot fine members who cross picket lines during strikes at Chalmers Manufacturing in West Allis and La Crosse Wisconsin. The decision limits union authority to regulate internal affairs as voluntary association not coercion.
MENTIONED IN THIS ARTICLE
Chicago
UPI
U.S
7Th Court of Appeals
United Auto Workers
Supreme Court
UAW
Allis
Union
Meat supply steady and prices to fall in year
ST LOUIS reports that meat will be in good supply on American markets this year and at lower prices. John Rundquist of the Producers Livestock Marketing Association said that despite record domestic demand and growing military needs there appears no need for rationing or price controls.
MENTIONED IN THIS ARTICLE
ST. Louis
Producers Livestock Marketing Association
John Rundquist
Also Mentioned on This Page
Ress-Telegram
Newton D. Zinder Witten
Haren Sit
Chen
Chemical Bank-New York Trust
Astallogs al Hanerat Aatgslallee
Securitus
Nt Oy
Brice Tea Oh Farnfeons
Pricen Maen Bee Adustea Oui
Tahal
Oneoe Nile
Redta
Bacher
Onlersi
Eng
Yaece
Wal
Winchell Qoint
Securiten
Selles
Aki
Fitoven
Avinara
Paul ml
Wiliam
Aly Cas
Evant
Resrth
Ali
Iran
Wg Sas
Herat
Wert K
Aoalvarieg
Edmund G. Brown
Mer
Nader
Harvard Law School
Abraham A. Ribicoff
D-Conn
Subcommittee
General Motors
James Roche
General Motors Anid
Ribbert
United States Congress
Assas
Gaylord Nelson
Mt. Foerest
Mobil Economy
Jim McCauley
I. S¢ak
Long Beach Unified
Tex
Champier
Champion
Aerojet
Sy Howard
Saigon
1St Air Cavalry
Sommers I. Howard
Riverside
Joseph H. Moore
2Nd Aly Division
Pacific Coast Exchange
Gartsmeam
Lerex
Dooley’s Hardware Mart
Long Beach Blvd
North
Dooley
General Electric
Aesee
G.E
EPL En Ua
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