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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Nov 15, 1966
Page
7
New York stocks rose in stepped up trading led by Republic Steel dividend news and a strong rail group. Analysts had expected consolidation as investors waited for President Johnson to undergo surgery, with the market showing a 0.36 percent loss on the UPIs indicator as 1,405 issues changed hands.
The AFL CIO council, led by George Meany, unanimously backed the current foreign policy line, rebuffing Walter Reuther who had pressed for a more flexible stance on communism and Vietnam. Reuther, an AFL CIO vice president and UAW president, did not attend the session, underscoring the deep philosophical rift and Meany’s strong leadership.
MEMPHIS UP reports Edward J Meeman editor emeritus of the Memphis Press Scimitar dies of a heart attack at 77. He led support for a Smoky Mountains national park and helped create Shelby Forest State, credited with attracting TVA power to west Tennessee, and honored for civil rights work with the 1983 National Human Relations Award. Controversy follows about union leader Reuther not attending a meeting and related comments from Joseph Curran.
A dense field of financial figures and company names dominates the page as markets show mixed activity. Traders watch NAB NASD and stock quotes while references to allocations, fund movements, and company turnarounds hint at ongoing volatility and shifting investor sentiment amid several sector notes.
United Press reports a daily price index showing widespread activity among the top traded stocks. The summary notes fluctuating values across sectors with notable gains and losses, reflecting overall market sentiment for the week.
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